Vanguard UK Government Bond Index

A fund that looks to track the performance of UK government bonds

The fund aims to track the performance of the Barclays Global Aggregate UK Government Float Adjusted Index, which tracks bonds issued by the UK Government, also known as gilts. The tracker will hold securities with a range of maturities to reflect the benchmark index. Rather than hold all the bonds in the index, the fund will utilise a variety of optimisation techniques including sampling to produce a portfolio that delivers the return characteristics of the reference benchmark. We like the tracker as it gives us exposure to a broad selection of UK government bonds and it has tracked the benchmark well historically. It is also relatively cheap with an ongoing charge of 0.06% as of December 2015.

Fund type Offshore FCA
Asset class Bonds
Sector Government Bonds
Managed by Vanguard Europe Bond Index Team
Held in EQ PortfoliosLow Cost Cautious Plus
Low Cost Cautious
Low Cost Balanced
Low Cost Balanced Plus
Low Cost Adventurous
Future Leaders Cautious Plus

Manager Profile

Gregory Davis is Managing Director and Chief Investment Officer of Vanguard Group, and has been with Vanguard since 1999. Vanguard uses a global team approach to management and trading in which portfolio managers manage and trade assets locally. In addition, each portfolio manager is able to carry out other team members’ responsibilities.

Fund performance

Vanguard Group Inc (IRL)

The Vanguard group is one of the largest asset managers in the world, with $5.6 trillion in asset under management (as of August 2019). The group was founded in 1975 and is known most prominently for its extensive range of passive products, which span all asset classes.

The group expanded its business globally starting in 1996 and currently serves over 20 million investors from more than 150 countries worldwide and has over 15,000 employees.