The Fund aims to preserve capital, maintain a high level of liquidity within the Fund’s portfolio of assets and provide a return in line with Euro money market rates. Money invested in the Fund is not protected or guaranteed.
The Fund is a Short-Term Variable NAV Money Market Fund in accordance with the EU Money Market Fund Regulation and will comply with the investment and diversification restrictions set out in the Fund Supplement.
The Fund employs an “active management” strategy in seeking to achieve its objective by investing in securities that are eligible assets according to Article 9 of the EU MMFR . The Fund seeks to primarily invest in high-quality EUR denominated Treasury Bills (short-term securities issued by Governments), Agency and Supranational issued commercial paper (unsecured short-term debt instruments issued by corporations or other entities including public or local authorities), Time Deposits (fixed term investment that gathers interest over the period of its term) and reverse repurchase agreements (instruments under which the Fund acquires ownership of securities from a seller who agrees to repurchase the securities at a mutually agreed date and at an agreed repurchase price).
The Fund may measure its performance against the compounded Euro Short-Term Rate (€STR), the rate published by the European Central Bank, which reflects the wholesale euro unsecured overnight borrowing costs of banks located in the Euro area. The Investment Manager has discretion to select the Fund’s investments and is not restricted to selecting investments from any benchmark.
The securities held by the Fund may be issued or guaranteed by Governments, Government Agencies or Local Authorities (including those that do not participate in the Economic and Monetary Union (EMU)), Supranational bodies or corporate issuers.
The weighted average maturity of the Fund’s portfolio will not exceed 60 days, and the weighted average life of the Fund’s portfolio will not exceed 120 days. At least 7.5% of the Fund’s portfolio will be daily maturing assets, reverse repurchase agreements or cash which may be terminated or withdrawn by giving prior notice of one working day. At least 15% of the Fund’s portfolio will be comprised of weekly maturing assets, reverse repurchase agreements or cash which may be terminated or withdrawn by giving prior notice of five working days and money market instruments or units or shares in other money market funds provided they can be redeemed and settled within five working days (provided such money market instrument or units or shares will only constitute a maximum of 7.5% of the weekly maturing assets).
The Fund will only invest in EUR denominated securities (which may include securities from issuers inside and outside the EMU) that are high credit quality pursuant to the Manager's internal credit quality assessment procedure and with a maturity at issuance or residual term to maturity of 397 days or less.
Information on the Fund's portfolio can be found at https:// www.ie.vanguard/ products. The Indicative Net Asset Value for the Fund is calculated throughout the trading day and is published on Bloomberg or Reuters.
Fund facts
Share class inception
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Listing date
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Investment structure
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Share Class Assets'
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Total Assets
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Risk indicator
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Strategy
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Asset Class
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Domicile
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Tax status
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Investment method
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Index ticker
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Dividend schedule
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Benchmark
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Legal entity
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Investment manager
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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
Risk and Volatility
-
Sorry, this information is not available yet. It will display a year after inception date.
Please note Beta and R-squared data will only display for funds with 3 full years of history.
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Portfolio data
Characteristics
Fundamentals
Fund
Benchmark
As at
Number of issuers
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—
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52.0 Days
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23 Jan 2026
52.0 Days
—
23 Jan 2026
Net yield
1.88%
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23 Jan 2026
Yield to maturity
—
—
—
Market allocation
As at 31 Dec 2025
Country
Region
Fund
Benchmark
Variance +/-
Distribution by credit quality (% of funds)
-
Temporarily unavailable
Distribution by credit issuer (% of funds)
As at 31 Dec 2025
Issuers
Fund
Total
0.00%
Distribution by credit maturity (% of funds)
-
Temporarily unavailable
Top 10 holdings
As at 29 Jan 2026
Rank
Holding
Country
Maturity
Asset type
% Market Value
1
JP MORGAN SECURITIES PLC
US
30/01/26
9.93%
2
BNP PARIBAS SA
FR
30/01/26
9.93%
3
AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD
AU
30/01/26
Money Market
8.70%
4
Ireland Government Bond
IE
15/05/26
Government Bond
5.28%
5
Republic of Austria Government Bond
AT
15/03/26
Government Bond
3.79%
6
Svensk Exportkredit AB
SE
13/04/26
Government Bond
3.03%
7
Bundesschatzanweisungen
DE
19/03/26
Government Bond
3.03%
8
Agence Francaise de Developpement EPIC
FR
28/05/26
Government Bond
3.03%
9
Bundesrepublik Deutschland Bundesanleihe
DE
15/02/26
Government Bond
3.02%
10
French Republic Government Bond OAT
FR
25/04/26
Government Bond
2.47%
The 10 main holdings represent 52.20% of the market value
Prices and distribution
Prices
NAV Price (EUR)
€15.02
Change
+€0.000.01%
At closure 30 Jan 2026
Market value (EUR)
€15.02
Change
+€0.000.01%
At closure 30 Jan 2026
NAV 52-week high
€15.03
At closure 31 Jan 2026
Market value 52-week high
€15.03
At closure 31 Jan 2026
NAV 52-week low
€15.00
At closure 31 Jan 2026
Market value 52-week low
€15.00
At closure 31 Jan 2026
NAV 52-week difference
€0.03
Change
+0.19%
At closure 31 Jan 2026
Market value 52-week difference
€0.03
Change
+0.22%
At closure 31 Jan 2026
Outstanding shares
809,825
At closure 31 Dec 2025
Historical Prices
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Inception date
09 Dec 2025
Listing date
11 Dec 2025
Date
NAV (EUR)
Market price (EUR)
30 Jan 2026
€15.0153
€15.0196
29 Jan 2026
€15.0139
€15.0179
28 Jan 2026
€15.0125
€15.0177
27 Jan 2026
€15.0116
€15.0175
26 Jan 2026
€15.0109
€15.0154
23 Jan 2026
€15.0099
€15.0137
22 Jan 2026
€15.0084
€15.0134
21 Jan 2026
€15.0070
€15.0117
20 Jan 2026
€15.0061
€15.0118
19 Jan 2026
€15.0054
€15.0099
Distribution history
Distribution frequency
Monthly
Historical performance
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Type
Distribution amount (per unit)
Ex-dividend date
Registration date
Payable date
Income
€0.0272
15 Jan 2026
16 Jan 2026
28 Jan 2026
Purchase information
Currencies and stock exchanges
Listed currencies: EUR
Base currency: EUR
Exchanges: NYSE Euronext - Amsterdam, Borsa Italiana S.p.A., Deutsche Boerse
Fund codes
Ticker iNav Bloomberg: IVCASEUR
Bloomberg: VCAS GY
Citi: BXQA7
Exchange ticker: VCAS
ISIN: IE000AFVKJZ0
MEX ID: VRAAKZ
Reuters: VCAS.DE
SEDOL: BVZL2J7
Ticker iNav Bloomberg: IVCASEUR
Bloomberg: VCAS GY
Exchange ticker: VCAS
ISIN: IE000AFVKJZ0
Reuters: VCAS.DE
SEDOL: BVZL2J7
Ticker iNav Bloomberg: IVCASHEUR
Exchange ticker: VCASH
Bloomberg: VCASH IM
ISIN: IE000AFVKJZ0
Reuters: VCASH.MI
SEDOL: BTKTL28
Ticker iNav Bloomberg: IVCASHEUR
Bloomberg: VCASH NA
Exchange ticker: VCASH
ISIN: IE000AFVKJZ0
Reuters: VCASH.AS
SEDOL: BTKTL62
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).
Weighted average life (WAL) of an amortizing loan or amortising bond, also called average life, is the weighted average of the times of the principal repayments: it's the average time until a dollar of principal is repaid.
Weighted average maturity (WAM) is the weighted average amount of time until the maturities on mortgages in a mortgage-backed security (MBS). This term is used more broadly to describe maturities in a portfolio of debt securities, including corporate debt and municipal bonds.