Vanguard UK Long Duration Gilt Index Gross

Seeks to track the performance of the Barclays Capital UK Government 15+ Yrs Float Adjusted Bond Index.

  • 19672.14p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 23903.01p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.15%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.15%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.20%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 15 January 2021

This is a tracker fund, aiming to match the performance of the Barclays Capital UK Government 15+ Years Float Adjusted Bond Index. Please note, although technically this fund has no initial charge it is subject to a Vanguard dilution levy. Since this fee is deducted from your initial investment we have displayed it as an initial charge.

Fund summary

Sector UK Gilt
Structure OEIC
Launched February, 2011
Size £578m
Yield 1.20%
Charging basis Income
Dividends paid 31 Mar, 30 Jun, 30 Sep, 31 Dec

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.15%
Ongoing charges figure 0.15%

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Investment process

The Vanguard UK Long Duration Gilt Index Fund seeks to track the performance of the Barclays Capital UK Government 15+ Years Float Adjusted Bond Index. The Fund invests by either replicating the Index or by sampling the Index, meaning that it holds a range of securities that, in aggregate approximate the full Index in terms of key risk factors and other characteristics.

Manager research

Average monthly relative returns

  • 16/17 -0.11%
  • 17/18 0.00%
  • 18/19 -0.12%
  • 19/20 -0.08%
  • 20/21 -0.16%

Bestinvest MRI

  • 3 years -0.12%
  • 5 years -0.09%
  • Career -0.08%
  • 3 years 0.20%
  • 5 years 0.10%
  • Career 0.30%

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

Vanguard Group

The Group launched an initial line up of index funds in the UK in June 2009 and has a range of other more diverse investment products. Chief Investment Officer (CIO) Tim Buckley oversees all investment activity at Vanguard. Vanguard Equity Investment Group oversees all passive and active equity portfolios, and alternatives strategies, managed by Vanguard. The group’s headquarters is at Vanguard’s campus in Malvern, Pennsylvania, United States.

Track record

Vanguard Group has 9.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.08%. During the worst period of relative performance (from July 2011 - October 2020) there was a decline of 10% relative to the index. The worst absolute loss has been 16%.

Periods of worst performance

Absolute -16.00% (December 2019 - March 2020)
Relative -10.00% (July 2011 - October 2020)

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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Top 10 holdings

Data accurate as at 31 July 2020

6.3243% Hm Treasury United Kingdom Dmo 4.25% Gilt 07/12/55 Gbp0.01
6.1549% Hm Treasury United Kingdom Dmo 3.5% Gilt 22/01/45 Gbp0.01
6.0129% Hm Treasury United Kingdom Dmo 3.5% Gilt 22/07/68 Gbp0.01
5.9229% Hm Treasury United Kingdom Dmo 3.25% Gilt 22/01/44 Gbp0.01
5.8321% Hm Treasury United Kingdom Dmo 4.5% Gilt 7/12/42 Gbp
5.5977% Hm Treasury United Kingdom Dmo 1.75% Gilt 07/09/37 Gbp0.01
5.4218% Hm Treasury United Kingdom Dmo 4.25% Gilt 7/12/46
5.2894% Hm Treasury United Kingdom Dmo 4% Gilt 22/01/60 Gbp0.01
4.9642% Hm Treasury United Kingdom Dmo 4.25% Gilt 07/03/36 Gbp0.01
4.7679% Hm Treasury United Kingdom Dmo 3.75% Gilt 22/07/52 Gbp0.01
Source: Trustnet

Sector breakdown

Government Bonds 100.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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