Money Market Fund | Vanguard Netherlands Professional

ETF overview

It’s time to make your euros work harder. Cash isn’t just a placeholder – managed well, it can offer stability, liquidity and flexibility.

The Vanguard EUR Cash UCITS ETF seeks to provide a reliable source of income through investments in high-quality, short-term government and government-related securities.

These features make the fund a more stable and relatively low-risk place for investors to park their savings, while aiming for a slightly higher return than they would get in a standard deposit account. The fund can be a useful tool as part of a broader cash management strategy.

Like other investments, the value of money market funds, and the income from them, may fall or rise and investors may get back less than they invested.

Why invest in our money market ETF?

Capital preservation

Money market funds are typically more stable during volatile markets than other fixed income funds.

Low cost

The fund’s OCF is just 0.07% (1). By keeping costs low, investors keep more of their returns.

Liquidity

Our ETF is liquid and transparent, making it an effective way to invest savings during shorter time periods.

Diversification

The ETF invests in a wide range of short-term securities from governments and government-related entities.

See fund details

(1) The Ongoing Charges Figure (OCF) covers the fund manager’s costs of managing the fund. It does not include dealing costs or additional costs such as audit fees.

“In an uncertain market, cash can be a strategic tool. Money market funds offer competitive returns when managed appropriately, with capital preservation at their core. Our cash ETF is an effective way to deliver these outcomes for clients"

Robert Balzanella

European Head of Bond Indexing, Vanguard Europe

Frequently asked questions

Is the fund’s NAV price fixed at €1?

No, the NAV price may fluctuate slightly reflecting changes in the value of the fund’s underlying assets. This is due to the way the fund is structured as a Short-Term Variable Net Asset Value (VNAV) fund. We believe this structure gives greater clarity when markets are volatile, as it marks NAV to market daily and prices shares to four decimal places. VNAV funds’ detailed pricing can help investors better understand the value of their holdings as conditions change

Other money market funds may be structured in a different way, such as Low Volatility Net Asset Value (LVNAV) funds, which means the price remains fixed at €1.

What types of securities will the ETF hold?

The portfolio will contain high-quality, short-term securities issued by governments and government-related entities. These securities can include, for example, treasuries, certificates of deposit, commercial paper, floating and fixed-rate notes and repurchase agreements, all denominated in euros.

This focus on government-backed instruments helps minimise credit risk, especially at a time when investors are not compensated for taking on additional risk, particularly in the ultra-short end of the yield curve. The ETF’s structure is physically backed, not synthetic, and all holdings are visible to investors.

What are some of the potential uses of this money market ETF?

Money market funds are not just for parking cash with no intent – they serve multiple roles across different investor types.

For individual savers, these funds offer accessibility and a steady yield, often outperforming traditional savings accounts, especially when interest rates are in flux. This can be helpful when saving for short-term goals, maintaining an emergency reserve or when holding cash while waiting to make a longer-term investment.

For asset allocators, money market funds can act as a liquidity buffer, a transition asset or a risk-control layer within a broader portfolio. Institutions may value these funds for their relative stability, predictability and operational simplicity.

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Investment risk information

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

ETF shares can be bought or sold only through a broker. Investing in ETFs entails stockbroker commission and a bid- offer spread which should be considered fully before investing.

Funds investing in fixed interest securities carry the risk of default on repayment and erosion of the capital value of your investment and the level of income may fluctuate. Movements in interest rates are likely to affect the capital value of fixed interest securities. Corporate bonds may provide higher yields but as such may carry greater credit risk increasing the risk of default on repayment and erosion of the capital value of your investment. The level of income may fluctuate and movements in interest rates are likely to affect the capital value of bonds.

An investment in a money market fund is not a guaranteed investment. An investment in a money market fund is different from an investment in deposits, as the amount invested in a money market fund is capable of fluctuation. Money market funds do not rely on external support for guaranteeing the liquidity of the money market fund or stabilising the Net Asset Value per share. The risk of loss of the amount invested shall be borne by the investor.

For further information on risks please see the “Risk Factors” section of the prospectus.

Investment risk information

This is a marketing communication.

For further information on the fund's investment policies and risks, please refer to the prospectus of the UCITS and to the KID before making any final investment decisions. The KID for this fund is available in local languages, alongside the prospectus, which is available in English only, via Vanguard’s website.

The information contained herein is not to be regarded as an offer to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so. The information is general in nature and does not constitute legal, tax, or investment advice. Potential investors are urged to consult their professional advisers on the implications of making an investment in, holding or disposing of shares and /or units of, and the receipt of distribution from any investment.

Vanguard Funds plc has been authorised by the Central Bank of Ireland as a UCITS and has been registered for public distribution in certain EEA countries and the UK. Prospective investors are referred to the Funds' prospectus for further information. Prospective investors are also urged to consult their own professional advisers on the implications of making an investment in, and holding or disposing shares of the Funds and the receipt of distributions with respect to such shares under the law of the countries in which they are liable to taxation.

The Manager of Vanguard Funds plc is Vanguard Group (Ireland) Limited. Vanguard Asset Management, Limited is a distributor for Vanguard Funds plc.

The Manager of the Ireland domiciled funds may determine to terminate any arrangements made for marketing the shares in one or more jurisdictions in accordance with the UCITS Directive, as may be amended from time-to-time.

The Indicative Net Asset Value (“iNAV”) for Vanguard’s ETFs is published on Bloomberg or Reuters. Refer to the Portfolio Holdings Policy.

For investors in Ireland domiciled funds, see Vanguard's summary of investor rights and is available in English, German, French, Spanish, Dutch and Italian.

The fund(s) referred to herein are listed in the AFM register as defined in section 1:107 Dutch Financial Supervision Act (Wet op het financieel toezicht).For details of the Risk indicator for each fund listed, please see the fact sheet(s).

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