The Fund seeks to provide a combination of income and moderate longterm capital appreciation by investing in fixed income and equity securities, primarily through investment in other collective investment schemes.
The Fund pursues an actively-managed investment strategy whereby the investment manager has discretion over the composition of the Fund’s portfolio holdings and is not managed with reference to a benchmark index. However, as more particularly described below, the investment manager manages the Fund through pre-determined asset allocations to equity and fixed income securities using a combination of underlying collective investment schemes.
The Fund will seek to achieve its investment objective by gaining exposure to a diversified portfolio composed approximately of 40% by value of equity securities and 60% by value of fixed income securities, which will, subject to the requirements of the Central Bank, be obtained predominantly via direct investment in passively managed exchange traded funds (“ETFs”) or other collective investment schemes which track an index (together the “Target Funds”). The portfolio asset allocation may be reconstituted and rebalanced from time to time at the discretion of the investment manager. The Target Funds in which the Fund invests will be UCITS and may include other sub-funds of Vanguard Funds plc.
It is intended that the Fund’s indirect exposures, through its investment in the Target Funds, will be to: (1) shares of companies from developed and emerging markets; and (2) to fixed income securities, such as bonds, denominated in multiple currencies, from both developed and emerging markets issuers (for example, global investment grade debt, including treasury, governmentrelated, corporate and securitised fixed-rate bonds). The Fund’s exposure to the Target Funds is not intended to reflect any geographic or sectoral bias. The Fund will seek to indirectly hedge the non-EUR currency exposure within the fixed income allocation of the Fund’s portfolio to EUR, by investing in EUR hedged share classes of the Target Funds.
The Fund may use derivatives in order to reduce risk or cost and/or generate extra income or growth. The use of derivatives could increase or reduce exposure to underlying assets and result in greater fluctuations of the Fund’s net asset value. A derivative is a financial contract whose value is based on the value of a financial asset (such as a share, bond, or currency) or a market index.
Fund facts
Share class inception
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Minimum initial investment
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Investment structure
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Share Class Assets'
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Total Assets
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Strategy
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Asset Class
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Domicile
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Dividend schedule
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Currency
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Investment manager
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Register countries
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The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Performance
Portfolio data
ETF broker's basket of securities
As at 06 Nov 2025
Base currency: EUR
Listed currencies: EUR
Name
Quantity
Vanguard EUR Corporate Bond UCITS ETF
182
Vanguard EUR Eurozone Government Bond UCITS ETF
1,122
Vanguard FTSE All-World UCITS ETF
352
Vanguard FTSE Developed World UCITS ETF
431
Vanguard FTSE Emerging Markets UCITS ETF
82
Vanguard Global Aggregate Bond UCITS ETF
2,153
Vanguard U.K. Gilt UCITS ETF
249
Vanguard USD Corporate Bond UCITS ETF
472
Vanguard USD Treasury Bond UCITS ETF
1,582
Allocation to underlying Vanguard funds
As at 30 Sep 2025
Percentage
FTSE All-World UCITS ETF (USD) Accumulating
19.39%
Global Aggregate Bond UCITS ETF EUR Hedged Accumulating
19.16%
FTSE Developed World UCITS ETF (USD) Accumulating
18.83%
USD Treasury Bond UCITS ETF EUR Hedged Accumulating
15.07%
EUR Eurozone Government Bond UCITS ETF (EUR) Accumulating
10.14%
USD Corporate Bond UCITS ETF EUR Hedged Accumulating
Total allocation percentages shown may not equal 100% due to rounding
Asset allocation
As at 30 Sep 2025
Percentage
Bond
59.61%
Short-term reserves
0.01%
Stock
40.38%
Prices and distribution
Prices
NAV Price (EUR)
€29.54
Change
-€0.02-0.08%
At closure 05 Nov 2025
NAV 52-week high
€29.68
At closure 06 Nov 2025
NAV 52-week low
€26.32
At closure 06 Nov 2025
NAV 52-week difference
€3.36
Change
+11.34%
At closure 06 Nov 2025
Historical Prices
-
Inception date
08 Dec 2020
Listing date
10 Dec 2020
Date
NAV (EUR)
Market price (EUR)
05 Nov 2025
€29.5438
€29.6400
04 Nov 2025
€29.5670
€29.6650
03 Nov 2025
€29.6466
€29.6500
31 Oct 2025
€29.6285
€29.6200
30 Oct 2025
€29.6060
€29.6950
29 Oct 2025
€29.6352
€29.7000
28 Oct 2025
€29.6797
€29.7050
27 Oct 2025
€29.6831
€29.6700
24 Oct 2025
€29.5436
€29.6050
23 Oct 2025
€29.4913
€29.5750
Distribution history
Distribution frequency
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Historical performance
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All dividends are reinvested for the "Accumulation" shares.
Purchase information
Currencies and stock exchanges
Listed currencies: EUR
Base currency: EUR
Exchanges: Deutsche Boerse, Borsa Italiana S.p.A., NYSE Euronext - Amsterdam
Fund codes
Ticker iNav Bloomberg: IV40AEUR
Bloomberg: V40A GY
Exchange ticker: V40A
ISIN: IE00BMVB5M21
MEX ID: VRAAAQ
Reuters: V40A.DE
SEDOL: BN2YCD7
Ticker iNav Bloomberg: IV40AEUR
Bloomberg: V40A NA
Exchange ticker: V40A
ISIN: IE00BMVB5M21
Reuters: V40A.AS
SEDOL: BN7J594
Ticker iNav Bloomberg: IV40AEUR
Exchange ticker: VNGA40
Bloomberg: VNGA40 IM
ISIN: IE00BMVB5M21
Reuters: VNGA40.MI
SEDOL: BN2YCF9
Ticker iNav Bloomberg: IV40AEUR
Bloomberg: V40A GY
Exchange ticker: V40A
ISIN: IE00BMVB5M21
Reuters: V40A.DE
SEDOL: BN2YCD7
The sum of investment management fees (the fees paid to the portfolio manager to invest your money and manage the fund) and administrative and other expenses (which cover all costs and expenses connected with the operation of the fund, which includes administrative fees, shareholder's registration and transfer agency fees, custody fees and all other operating expenses).