The Vanguard Sterling Short-Term Money Market Fund (the “Fund”) seeks to provide stability in the value of investments, liquidity and exposure to a variety of investments that typically perform differently from one another while maximising income earned from distributions such as interest (as opposed to that derived from an increase in the value of investments).
The Fund seeks to achieve this objective by investing in short-term money market instruments including but not limited to bank certificates of deposits, commercial paper, corporate and sovereign variable and fixed rate bonds, UK Government bills, short term agreements to purchase / sell securities with an obligation to sell / repurchase the securities back at a later date (referred to as ’repurchase and reverse repurchase agreements’) and cash deposits.
The Fund is an active fund. The Fund is not recommended for investors seeking an increase in the value of investments over the long-term (more than 5 years).
These types of instruments may be issued by both UK and non-UK issuers.
The Fund may invest up to 100% of its investments in money market instruments issued or guaranteed as to principal and interest by the UK government, its agencies or instrumentalities.
Fund facts
Share class inception
17 Jul 2019
Minimum initial investment
£100,000.00
Investment structure
UK OEIC
Share Class Assets'
Total Assets
Strategy
Active
Asset Class
Money Market
Domicile
United Kingdom
Dividend schedule
Monthly
Currency
GBP
Investment manager
Vanguard Asset Management, Ltd.
Europe Bond Index Team
Benchmark
Performance
Portfolio data
Characteristics
Fundamentals
Fund
As at
Number of issuers
22
01 May 2026
28.0 Days
01 May 2026
28.0 Days
01 May 2026
Net yield
3.63%
01 May 2026
Yield to maturity
3.78%
01 May 2026
Distribution by credit quality (% of funds)
As at 01 May 2026
Credit Rating
Fund
A-1
30.81%
A-1+
61.40%
Cash
2.00%
Total
94.00%
Distribution by credit issuer (% of funds)
As at 01 May 2026
Issuers
Fund
Time Deposit
42.33%
Bonds - Government
30.08%
Commercial Paper
20.19%
Bonds - Sovereign/Supranational/Agency
5.40%
Cash
2.00%
Total
100.00%
Distribution by credit maturity (% of funds)
As at 01 May 2026
Maturity
Fund
Under 1 Week
46.44%
1 Week - 1 Month
19.50%
1 - 3 Months
26.44%
3 - 6 Months
7.36%
6 Months - 1 Year
0.27%
Total
100.00%
Top 10 holdings
As at 07 May 2026
Rank
Holding
Country
Maturity
Asset type
% Market Value
1
BRED BANQUE POPULAIRE
FR
08/05/26
Term Deposit
7.34%
2
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTSBANK FRANKFURT AM MAIN
DE
08/05/26
Term Deposit
4.81%
3
AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD (LONDON BRANCH)
GB
08/05/26
Term Deposit
4.81%
4
ROYAL BANK OF CANADA (LONDON BRANCH)
GB
08/05/26
Term Deposit
4.80%
5
COOPERATIEVE RABOBANK UA
NL
08/05/26
Term Deposit
4.80%
6
COMMERZBANK AG
DE
08/05/26
Term Deposit
4.80%
7
BANK OF NOVA SCOTIA (LONDON BRANCH)
GB
08/05/26
Term Deposit
4.80%
8
CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK SA
FR
08/05/26
Term Deposit
4.80%
9
United Kingdom Treasury Bill
GB
18/05/26
Government Bond
3.66%
10
British Pound Sterling
GB
—
Currency
3.38%
The 10 main holdings represent 48.00% of the market value
Prices and distribution
Prices
NAV Price (GBP)
£1.00
Change
+£0.000.03%
At closure 08 May 2026
NAV 52-week high
£1.00
At closure 09 May 2026
NAV 52-week low
£1.00
At closure 09 May 2026
NAV 52-week difference
£0.00
Change
+0.37%
At closure 09 May 2026
Historical Prices
-
Inception date
17 Jul 2019
Date
NAV (GBP)
08 May 2026
£1.0006
07 May 2026
£1.0003
06 May 2026
£1.0002
05 May 2026
£1.0001
01 May 2026
£1.0000
30 Apr 2026
£1.0026
29 Apr 2026
£1.0025
28 Apr 2026
£1.0024
27 Apr 2026
£1.0023
24 Apr 2026
£1.0021
Distribution history
Distribution frequency
Monthly
Historical performance 31 Mar 2026
3.99%
Type
Distribution amount (per unit)
Ex-dividend date
Registration date
Payable date
Income
£0.0030
01 May 2026
30 Apr 2026
29 May 2026
Income
£0.0030
01 Apr 2026
31 Mar 2026
30 Apr 2026
Income
£0.0029
02 Mar 2026
27 Feb 2026
31 Mar 2026
Income
£0.0032
02 Feb 2026
30 Jan 2026
27 Feb 2026
Income
£0.0034
02 Jan 2026
31 Dec 2025
30 Jan 2026
Income
£0.0029
01 Dec 2025
28 Nov 2025
31 Dec 2025
Income
£0.0035
03 Nov 2025
31 Oct 2025
28 Nov 2025
Income
£0.0032
01 Oct 2025
30 Sep 2025
31 Oct 2025
Income
£0.0034
01 Sep 2025
29 Aug 2025
30 Sep 2025
Income
£0.0035
01 Aug 2025
31 Jul 2025
29 Aug 2025
Purchase information
Currency
Base currency: GBP
Fund codes
Bloomberg: VASSTAI
Citi: PJEM
ISIN: GB00BGB6GZ57
MEX ID: VVWDB
SEDOL: BGB6GZ5
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).
As at 30 Apr 2026
Sterling Overnight Index Average
Weighted average life (WAL) of an amortizing loan or amortising bond, also called average life, is the weighted average of the times of the principal repayments: it's the average time until a dollar of principal is repaid.
Weighted average maturity (WAM) is the weighted average amount of time until the maturities on mortgages in a mortgage-backed security (MBS). This term is used more broadly to describe maturities in a portfolio of debt securities, including corporate debt and municipal bonds.