EUR Cash UCITS ETF
EUR Cash UCITS ETF - (EUR) Distributing (VCAS)
Related Documents
About this fund
Fund objectives
- 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of the Fund’s portfolio will be daily maturing assets, reverse repurchase agreements or cash which may be terminated or withdrawn by giving prior notice of one working day.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portfolio will be comprised of weekly maturing assets, reverse repurchase agreements or cash which may be terminated or withdrawn by giving prior notice of five working days and money market instruments or units or shares in other money market funds provided they can be redeemed and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
09 Dec 2025
Listing date
11 Dec 2025
Investment structure
Irish UCITS
Share Class Assets'
Total Assets
Risk indicator
Strategy
Active
Asset Class
Money Market
Domicile
Ireland
Tax status
Austria, Italy, Switzerland and United Kingdom reporting
Investment method
Physical
Index ticker
ESTCINDX
Dividend schedule
Monthly
Benchmark
Euro Short Term Rate (€STR)
Legal entity
Vanguard Funds PLC
Investment manager
—
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 | As at |
|---|---|---|
| Number of issuers | 26 | 02 Oct 2026 |
| 17.0 Days | 25 Sep 2026 | |
| 17.0 Days | 25 Sep 2026 | |
| Net yield | 2.39% | 25 Sep 2026 |
| Yield to maturity | 2.37% | 02 Oct 2026 |
Market allocation
As at 31 Jan 2026
| Country | Region | Fund |
|---|---|---|
| France | Europe | 30.12% |
| Germany | Europe | 24.02% |
| Supranational | Other | 11.84% |
| Ireland | Europe | 7.21% |
| Austria | Europe | 6.46% |
| Sweden | Europe | 5.17% |
| Belgium | Europe | 4.89% |
| Finland | Europe | 3.86% |
| Norway | Europe | 3.09% |
| Netherlands | Europe | 2.83% |
| Luxembourg | Europe | 0.51% |
Distribution by credit quality (% of funds)
As at 25 Sep 2026
| Credit Rating | Fund |
|---|---|
| A-1+ | 53.62% |
| A-1 | 45.95% |
| Cash | 0.42% |
Distribution by credit issuer (% of funds)
As at 25 Sep 2026
| Issuers | Fund |
|---|---|
| Bonds - Sovereign/Supranational/Agency | 20.21% |
| Repurchase Agreements | 46.31% |
| Commercial Paper | 11.83% |
| Bonds - Government | 21.23% |
| Cash | 0.42% |
Distribution by credit maturity (% of funds)
As at 25 Sep 2026
| Maturity | Fund |
|---|---|
| Under 1 Week | 59.30% |
| 1 Week - 1 Month | 19.19% |
| 1 - 3 Months | 21.47% |
| 3 - 6 Months | 0.04% |
| Other | 0.01% |
Top 10 holdings
As at 02 Oct 2026
| Rank | Holding | Country | Maturity | Asset type | % Market Value |
|---|---|---|---|---|---|
| 1 | RBC EUROPE LTD | CA | 05/10/26 | Repurchase Agreement | 9.82% |
| 2 | DEUTSCHE BANK AG | DE | 05/10/26 | Repurchase Agreement | 9.82% |
| 3 | TD GLOBAL FINANCE | CA | 05/10/26 | Repurchase Agreement | 9.82% |
| 4 | BANK OF NOVA SCOTIA | CA | 05/10/26 | Repurchase Agreement | 7.72% |
| 5 | BNP PARIBAS SA | FR | 05/10/26 | Repurchase Agreement | 4.94% |
| 6 | Kingdom of the Netherlands | NL | 09/10/26 | Commercial Paper | 2.65% |
| 7 | FINLAND (REPUBLIC OF) | FI | 13/10/26 | Treasury Bill | 2.65% |
| 8 | Republic of Austria Government Bond | AT | 20/10/26 | Government Bond | 2.65% |
| 9 | France Treasury Bill BTF | FR | 21/10/26 | Government Bond | 2.65% |
| 10 | EUROFIMA | SNAT | 03/11/26 | Commercial Paper | 2.64% |
The 10 main holdings represent 55.30% of the market value
Prices and distribution
Prices
NAV Price (EUR)
€15.02
EURChange
+€0.000.01% At closure 06 Oct 2026
Market value (EUR)
€15.03
Change
+€0.000.02% At closure 07 Oct 2026
NAV 52-week high
€15.03
At closure 07 Oct 2026
Market value 52-week high
€15.03
At closure 07 Oct 2026
NAV 52-week low
€15.00
At closure 07 Oct 2026
Market value 52-week low
€15.00
At closure 07 Oct 2026
NAV 52-week difference
€0.03
Change
+0.21% At closure 07 Oct 2026
Market value 52-week difference
€0.04
Change
+0.24% At closure 07 Oct 2026
Outstanding shares
8,209,057
At closure 30 Sep 2026
Historical Prices
-
Inception date
09 Dec 2025
Listing date
11 Dec 2025
| Date | NAV (EUR) | Market price (EUR) |
|---|---|---|
| 07 Oct 2026 | — | €15.0269 |
| 06 Oct 2026 | €15.0226 | €15.0243 |
| 05 Oct 2026 | €15.0216 | €15.0246 |
| 02 Oct 2026 | €15.0203 | €15.0224 |
| 01 Oct 2026 | €15.0182 | €15.0206 |
| 30 Sep 2026 | €15.0165 | €15.0177 |
| 29 Sep 2026 | €15.0154 | €15.0187 |
| 28 Sep 2026 | €15.0144 | €15.0151 |
| 25 Sep 2026 | €15.0131 | €15.0144 |
| 24 Sep 2026 | €15.0111 | €15.0118 |
Distribution history
Distribution frequency
Monthly
Historical performance
—
| Type | Distribution amount (per unit) | Ex-dividend date | Registration date | Payable date |
|---|---|---|---|---|
| Income | €0.0233 | 17 Sep 2026 | 18 Sep 2026 | 30 Sep 2026 |
| Income | €0.0318 | 20 Aug 2026 | 21 Aug 2026 | 02 Sep 2026 |
| Income | €0.0250 | 16 Jul 2026 | 17 Jul 2026 | 29 Jul 2026 |
| Income | €0.0236 | 18 Jun 2026 | 19 Jun 2026 | 01 Jul 2026 |
| Income | €0.0282 | 21 May 2026 | 22 May 2026 | 03 Jun 2026 |
| Income | €0.0216 | 16 Apr 2026 | 17 Apr 2026 | 29 Apr 2026 |
| Income | €0.0233 | 19 Mar 2026 | 20 Mar 2026 | 01 Apr 2026 |
| Income | €0.0273 | 19 Feb 2026 | 20 Feb 2026 | 04 Mar 2026 |
| 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: Deutsche Boerse, Borsa Italiana S.p.A., NYSE Euronext - Amsterdam