The Fund seeks to provide a combination of income and some long-term 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 20% by value of equity securities and 80% 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
08 Dec 2020
Minimum initial investment
—
Investment structure
Irish UCITS
Share Class Assets'
Total Assets
Strategy
Active
Asset Class
Multi-Asset
Domicile
Ireland
Dividend schedule
Semi-Annually
Currency
EUR
Investment manager
Vanguard Equity Index Group
Register countries
Italy, France, Norway, Germany, Switzerland, Austria, Denmark, Isle of Man, Netherlands, Belgium, Sweden, Liechtenstein, Portugal, United Kingdom, Spain, Ireland, Finland, Guernsey, C.I., Jersey, C.I. and Luxembourg
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 27 Nov 2025
Base currency: EUR
Listed currencies: EUR
Name
Quantity
Vanguard EUR Corporate Bond UCITS ETF
220
Vanguard EUR Eurozone Government Bond UCITS ETF
1,335
Vanguard FTSE All-World UCITS ETF
268
Vanguard FTSE Developed World UCITS ETF
12
Vanguard FTSE Emerging Markets UCITS ETF
2
Vanguard Global Aggregate Bond UCITS ETF
1,586
Vanguard U.K. Gilt UCITS ETF
297
Vanguard USD Corporate Bond UCITS ETF
566
Vanguard USD Treasury Bond UCITS ETF
1,472
Allocation to underlying Vanguard funds
As at 30 Sep 2025
Percentage
FTSE All-World UCITS ETF (USD) Accumulating
19.60%
USD Treasury Bond UCITS ETF EUR Hedged Accumulating
19.10%
Global Aggregate Bond UCITS ETF EUR Hedged Accumulating
19.09%
EUR Eurozone Government Bond UCITS ETF (EUR) Accumulating
16.41%
USD Corporate Bond UCITS ETF EUR Hedged Accumulating
Total allocation percentages shown may not equal 100% due to rounding
Asset allocation
As at 31 Oct 2025
Percentage
Bond
79.38%
Short-term reserves
0.25%
Stock
20.37%
Prices and distribution
Prices
NAV Price (EUR)
€22.79
Change
+€0.050.21%
At closure 26 Nov 2025
NAV 52-week high
€22.91
At closure 27 Nov 2025
NAV 52-week low
€21.51
At closure 27 Nov 2025
NAV 52-week difference
€1.40
Change
+6.10%
At closure 27 Nov 2025
Historical Prices
-
Inception date
08 Dec 2020
Listing date
18 Feb 2021
Date
NAV (EUR)
Market price (EUR)
26 Nov 2025
€22.7857
€22.7650
25 Nov 2025
€22.7382
€22.7150
24 Nov 2025
€22.6737
€22.6750
21 Nov 2025
€22.6082
€22.6050
20 Nov 2025
€22.5670
€22.6550
19 Nov 2025
€22.5817
€22.6100
18 Nov 2025
€22.5728
€22.6000
17 Nov 2025
€22.6170
€22.6400
14 Nov 2025
€22.6341
€22.6700
13 Nov 2025
€22.6837
€22.7650
Distribution history
Distribution frequency
Semi-Annually
Historical performance 31 Oct 2025
3.21%
Type
Distribution amount (per unit)
Ex-dividend date
Registration date
Payable date
Income
€0.3585
19 Jun 2025
20 Jun 2025
02 Jul 2025
Income
€0.3732
12 Dec 2024
13 Dec 2024
27 Dec 2024
Income
€0.3504
13 Jun 2024
14 Jun 2024
26 Jun 2024
Income
€0.3113
14 Dec 2023
15 Dec 2023
27 Dec 2023
Income
€0.3151
15 Jun 2023
16 Jun 2023
28 Jun 2023
Income
€0.2297
15 Dec 2022
16 Dec 2022
28 Dec 2022
Income
€0.2278
16 Jun 2022
17 Jun 2022
29 Jun 2022
Income
€0.1760
16 Dec 2021
17 Dec 2021
29 Dec 2021
Income
€0.2431
17 Jun 2021
18 Jun 2021
30 Jun 2021
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: IV20DEUR
Bloomberg: V20D NA
Exchange ticker: V20D
ISIN: IE00BMVB5L14
MEX ID: VRAAAR
Reuters: V20D.AS
SEDOL: BN7J583
Ticker iNav Bloomberg: IV20DEUR
Bloomberg: V20D NA
Exchange ticker: V20D
ISIN: IE00BMVB5L14
Reuters: V20D.AS
SEDOL: BN7J583
Ticker iNav Bloomberg: IV20DEUR
Exchange ticker: VNGD20
Bloomberg: VNGD20 IM
ISIN: IE00BMVB5L14
Reuters: VNGD20.MI
SEDOL: BN2YCC6
Ticker iNav Bloomberg: IV20DEUR
Bloomberg: V20D GY
Exchange ticker: V20D
ISIN: IE00BMVB5L14
Reuters: V20D.DE
SEDOL: BN2YCB5
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).