VANGUARD UK GOVERNMENT BOND INDEX

  • 14141.45p Price (Inc)
  • 17736.80p Price (Acc)
  • 0.00% 0.00%

    Initial charge
  • 0.15% Annual management charge
  • 0.15% Ongoing charges
  • 1.50% Yield

Fund data last updated 15 November 2019

This fund aims to track the performance of the Barclays UK Government Float Adjusted Bond Index. This market-weighted index is designed to reflect the total universe of pound sterling-denominated United Kingdom treasury and government-related securities with maturities greater than one year. The fund uses a physical replication method i.e. buys the bonds in the index, with key rate duration matching.

Fund summary

Sector UK Gilt
Structure OFFSHORE FUND
Launched
Size £3,615m
Yield 1.50%
Charging basis Income
Dividends paid 14 Apr, 14 Jul, 14 Oct, 14 Jan

Charges

Initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.15%
Ongoing charges figure 0.15%

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Investment process

Vanguard is one of the largest asset managers in the US and is a leading provider of passive strategies globally. It is structured as a 'mutual' (client-owned) which allows the group to return profits to fund shareholders in the form of lower expenses. The fund seeks to provide returns consistent with the performance of the Barclays UK Government Float Adjusted Bond Index, a market-weighted index of UK government fixed-income securities denominated in pound sterling. The fund employs a "passive management" or indexing strategy designed to track the performance of the Index, which is a subset of the Barclays Capital Global Aggregate Float Adjusted Bond Index. This market-weighted Index is designed to reflect the total universe of pound sterling-denominated United Kingdom treasury and government-related securities with maturities greater than one year. The fund does not engage in any securities lending.

This is a low-cost passive option for those looking for exposure to UK government debt across the duration curve. As the name implies, this fund tracks an index of UK government bonds with an average maturity of 10.8 years. The average quality of the underlying issues is AA+ rated and reflects the performance and characteristics of the Gilt market.

Manager research

Average monthly relative returns

Bestinvest MRI

14/15 15/16 16/17 17/18 18/19 3 years 5 years Career 3 years 5 years Career
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Portfolio

Treasury 97.8% Government-related - agencies 2.0 Cash 0.2 Total 100.0%

Key Investor Documents

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