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Actively managed: it does not track an index — the declared benchmark is a yardstick for comparison
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Vanguard LifeStrategy 60% Equity UCITS ETF (EUR) DistributingIndex, costs, backtest, listings and taxation

ISIN: IE00BMVB5Q68Ticker: VNGD60 (Borsa Italiana) · V60D (Xetra) · V60D (Euronext AMS)Issuer: VanguardCurrency hedging: bond sleeve hedged to EUR
Issuer-declared data
Declared index
Vanguard LifeStrategy 60% Equity UCITS ETF Internal Composite
TER
0.25%
Transaction costs
0.05% (issuer estimate, from the KID)
Management
Active management (from the KID)
Replication
Gestione attiva (dal KID)
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics — inferred (issuer documents do not declare art. 8/9) what does it mean?
Fund assets
1 bn EUR
Domicile
Ireland
Inception date
8 December 2020
Data as declared by Vanguard in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
Rebalix deep diveVanguard LifeStrategy: the full analysis — real composition, costs and comparisonsRead the analysis →
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Description

Vanguard LifeStrategy 60% Equity UCITS ETF (EUR) Distributing is an actively managed ETF: it does not track an index — the declared index (Vanguard LifeStrategy 60% Equity UCITS ETF Internal Composite) is a comparison yardstick only. It is a multi-asset (balanced) ETF: a single instrument combining several asset classes — typically stocks and bonds — in the proportions set by its strategy, built as a basket of other ETFs. The declared annual cost (TER) is 0.25%, plus 0.05% in transaction costs estimated by the issuer in the KID. Income is distributed to investors. The fund has assets of about 1 billion euro, was launched on 8 December 2020 and is domiciled in Ireland. In our registry there are 16 other multi-asset ETFs.

The fund’s objective — in the issuer’s words

The Fund seeks to provide a combination of long-term capital appreciation with a moderate level of income by investing in equity and fixed income 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 60% by value of equity securities and 40% by value of fixed income securities. Such securities 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. The Fund invests in securities which are denominated in currencies other than the base currency. Movements in currency exchange rates can affect the return of investments. Information on the Fund's portfolio can be found at https://www.ie.vanguard/products. The Indicative Net Asset Value for the Fund is calculated throughout the trading day and is published on Bloomberg or Reuters. The Fund may use derivatives in order to reduce risk or cost and/or generate extra income or growth. 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. ETF Shares in the Fund can be bought or sold on a daily basis (save on certain bank holidays or public holidays and subject to certain restrictions described in the Prospectus). ETF Shares are listed on one or more stock exchange(s). Subject to certain exceptions set out in the Prospectus, investors who are not Authorised Participants may only buy or sell ETF Shares through a company that is a member of a relevant stock exchange at any time when that stock exchange is open for business. A list of the days on which shares in the Fund cannot be bought or sold is available on: https://fund-docs.vanguard.com/holiday-calendar-vanguard-funds-plcETFs.pdf Income from the ETF Shares will be paid out. VF is an umbrella Fund with segregated liability between sub-funds. This means that the holdings of the Fund are maintained separately under Irish law from holdings of other sub-funds of VF and your investment in the Fund will not be affected by any claims against any other sub-fund of VF.

Keep reading the KID section ▾

Intended retail investor:The Fund is available to a wide range of investors seeking access to a portfolio managed in accordance with a specific investment objective and policy. The VF depositary is Brown Brothers Harriman Trustee Services (Ireland) Limited. You can obtain copies of the Prospectus and the latest annual and semiannual report and accounts for Vanguard Funds plc (“VF”) along with the latest published prices of shares and other practical information, from VF c/o Brown Brothers Harriman Fund Administration Services (Ireland) Limited, 30 Herbert Street, Dublin 2, D02 W329, Ireland or from our website at https://global.vanguard.com. Information on the Fund's portfolio disclosure policy and publication of the iNAV can be obtained at https://global.vanguard.com/portal/site/portal/ucits-documentation. The documents are available in English and are free of charge.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • Assets larger than 88% of multi-asset ETFs we track.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · EUR · from Jan 2021 to Jul 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+45.4%
Annualised
+7.1%
Volatility (ann.)
8.8%
Max drawdown
-14.37%
-5%+9%+23%+37%+51%Jan 2021Jun 2022Oct 2023Mar 2025Jul 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+45%Jan 2021Jul 2026
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-5%-10%-15%-20%202120222023202420252026−14.37% · 30 Sept 2022
Max drawdown
-14.37%
peak → trough
Trough
30 Sept 2022
from the 31 Dec 2021 peak
Recovery time
517 days
recovery only: trough to break-even · ≈ 1 year and 5 months
Underwater
790 days
decline + recovery: peak to break-even · ≈ 2 years and 2 months · → recovered on 29 Feb 2024

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
31 Dec 202130 Sept 2022-14.37%29 Feb 2024790
28 Feb 202530 Apr 2025-6.51%30 Sept 2025214
28 Feb 202631 Mar 2026-3.93%30 Apr 202661
31 Mar 202430 Apr 2024-2.13%30 Jun 202491
31 Aug 202130 Sept 2021-1.85%31 Oct 202161

Calendar-year returns

2021
14.5%
2022
-13.9%
2023
12.5%
2024
14.7%
2025
6.4%
2026
7.4%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20261.11.9-3.94.93.70.8-0.97.4
20251.90.2-4.6-2.03.30.92.20.32.22.6-0.3-0.36.4
20241.22.32.3-2.11.82.31.30.61.4-0.54.4-0.814.7
20234.2-1.31.30.01.11.81.5-0.9-1.9-2.14.93.412.5
2022-2.8-2.30.9-3.2-0.9-4.56.8-2.8-6.02.63.2-5.1-13.9
20210.73.31.20.12.90.91.6-1.92.90.51.514.5
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: Vanguard. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsFull history
Volatility (ann.)6.61%7.55%8.35%8.10%
Max drawdown-5.02%-11.83%-16.82%-16.82%
Sharpe1.210.690.140.33
Sortino1.730.950.180.46
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.20%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR, the fund's currency; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
13
Top-10 weight
96.8%
Bond sleeve
duration 6.1 yrs · yield to maturity 4.1% · bond share 39.4%

Top 10 holdings

Vanguard FTSE Developed World UCITS ETF
19.40%
Vanguard FTSE All-World UCITS ETF
19.30%
Vanguard Global Aggregate Bond UCITS ETF EUR Hedged
19.10%
Vanguard FTSE North America UCITS ETF
12.60%
Vanguard USD Treasury Bond UCITS ETF EUR Hedged
7.60%
Vanguard EUR Eurozone Government Bond UCITS ETF
5.10%
Vanguard USD Corporate Bond UCITS ETF EUR Hedged
4.90%
Vanguard FTSE Emerging Markets UCITS ETF
4.20%
Vanguard FTSE Developed Europe UCITS ETF
2.80%
Vanguard EUR Corporate Bond UCITS ETF
1.80%

Sectors

Technology
35.0%
Financials
14.8%
Industrials
12.6%
Consumer Discretionary
11.1%
Health Care
7.7%
Consumer Staples
3.9%
Energy
3.7%

Countries

AfghanistanAngolaAlbaniaUnited Arab Emirates: 0.2%ArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 1.5%Austria: 0.4%AzerbaijanBurundiBelgium: 0.7%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazil: 0.3%BruneiBhutanBotswanaCentral African RepublicCanada: 2.7%Switzerland: 1.5%Chile: 0.1%China: 1.9%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech Republic: 0.1%Germany: 3.5%DjiboutiDenmark: 0.3%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 1.9%EstoniaEthiopiaFinland: 0.4%FijiFalkland IslandsFrance: 4%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreece: 0.2%GreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungary: 0.1%Indonesia: 0.2%India: 1%Ireland: 0.2%IranIraqIcelandIsrael: 0.2%Italy: 2.5%JamaicaJordanJapan: 4.9%KazakhstanKenyaKyrgyzstanCambodiaSouth Korea: 1.8%KosovoKuwait: 0.1%LaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexico: 0.3%MacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysia: 0.2%NamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 1.3%Norway: 0.2%NepalNew Zealand: 0.1%OmanPakistanPanamaPeruPhilippines: 0.1%Papua New GuineaPoland: 0.2%Puerto RicoNorth KoreaPortugal: 0.2%ParaguayQatar: 0.1%Romania: 0.1%RussiaRwandaWestern SaharaSaudi Arabia: 0.3%SudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakia: 0.1%SloveniaSweden: 0.7%SwazilandSyriaChadTogoThailand: 0.2%TajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwan: 1.9%United Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 57.9%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth Africa: 0.2%ZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States57.9%
Japan4.9%
United Kingdom4.1%
France4%
Germany3.5%
Canada2.7%
Italy2.5%
Full portfolio declared by Vanguard, as of 31 July 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding. Fund of funds: the positions are the underlying Vanguard ETFs (complete first-level list). Countries and sectors are look-through across the underlying funds; sectors refer to the equity portion only. Non-euro bond exposure is EUR-hedged (stated in the factsheet: the fund uses the EUR-hedged classes of its building blocks; currency risk remains on the equity portion).
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Frequency
Semi-Annually
Latest dividend
0.3804 EUR
ex 18 Jun 2026 · paid 1 Jul 2026
Dividends, last 12 months
0.77 EUR
Dividend yield
2.36%
12-month sum over the NAV as of 3 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.77 EUR2.61 %
20250.74 EUR2.53 %
20240.70 EUR2.67 %
20230.61 EUR2.55 %
20220.53 EUR1.89 %
20210.52 EUR2.05 %

Dividend contribution to total return

-20%-10%0%10%20%+13.34 %1 year+6.25 %2025+14.65 %2024+12.41 %2023−13.85 %2022+14.26 %2021
dividendsprice changeprice decline

Calendar per share (EUR)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.38
20250.350.39
20240.360.34
20230.320.28
20220.300.24
20210.310.20

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.3804 EUR18 Jun 202619 Jun 20261 Jul 2026
0.3906 EUR18 Dec 202519 Dec 202531 Dec 2025
0.3503 EUR19 Jun 202520 Jun 20252 Jul 2025
0.34 EUR12 Dec 202413 Dec 202427 Dec 2024
0.3574 EUR13 Jun 202414 Jun 202426 Jun 2024
0.2836 EUR14 Dec 202315 Dec 202327 Dec 2023
0.3229 EUR15 Jun 202316 Jun 202328 Jun 2023
0.2375 EUR15 Dec 202216 Dec 202228 Dec 2022
Per-share dividends as declared by the issuer, in EUR, since the first payment (17 Jun 2021). Past dividends are not indicative of future ones.

Other multi-asset ETFs in our registry

All multi-asset in the search →
FundTERIncomeFund size
Xtrackersactive
0.24%Acc.5 mln EUR
Xtrackersactive
0.24%Acc.4 mln EUR
Xtrackersactive
0.24%Acc.3 mln EUR
Xtrackersactive
0.24%Acc.2 mln EUR
VNGD80 · Vanguard · 2 classesactive
0.25%Dist. · Acc.1.3 mld EUR
VNGA40 · Vanguard · 2 classesactive
0.25%Acc. · Dist.281 mln EUR
VNGA20 · Vanguard · 2 classesactive
0.25%Acc. · Dist.116 mln EUR
MODR · iShares · 3 classesactive
0.28%Acc.47 mln EUR
MAGR · iShares · 3 classesactive
0.29%Acc.108 mln EUR
MACV · iShares · 3 classesactive
0.29%Acc.16 mln EUR
JMAM · JPMorganactive
0.35%Acc.7 mln EUR
JMAG · JPMorganactive
0.35%Acc.6 mln EUR
JMAC · JPMorganactive
0.35%Acc.6 mln EUR
Xtrackersactive
0.65%Dist.59 mln EUR
Xtrackersactive
0.70%Acc.765 mln EUR
LC39 · Amundinot on Borsa Italiana
0.18%Acc.6 mln EUR
17 multi-asset ETFs in our registry (including this fund): balanced products mixing several asset classes, each with its own strategy and weights — they do not share an index. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — it is not a zero.

Italian taxation

Effective rate on capital gains
22.54%
White-list share
25.63%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00BMVB5Q68VNGD60(class: EUR DISTRIBUTING)
  • Directazero on single buys from 2,500 €, agreement until 31 December 2026
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
IE00BMVB5P51VNGA60(class: EUR ACCUMULATING)
  • Directazero within the savings plan (buys)
  • Directazero on single buys from 2,500 €, agreement until 31 December 2026
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)VNGD6010 Dec 2020
Börse DüsseldorfV60D14 Dec 2020
Börse FrankfurtV60D10 Dec 2020
Börse HamburgV60D19 Feb 2021
Börse HannoverV60D9 Dec 2024
Börse München / gettexV60D10 Dec 2020
Börse StuttgartV60D8 Feb 2021
Euronext AmsterdamV60D18 Feb 2021
Tradegate ExchangeV60D16 Dec 2020
Xetra (Deutsche Börse)V60D10 Dec 2020
+ 16 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does Vanguard LifeStrategy 60% Equity UCITS ETF (EUR) Distributing track?
The issuer Vanguard declares the benchmark: Vanguard LifeStrategy 60% Equity UCITS ETF Internal Composite.
How much does VNGD60 cost?
The issuer-declared TER is 0.25% per year; the transaction costs estimated in the KID are 0.05%.
How is VNGD60 taxed in Italy?
On sale, the capital gain is taxed at an effective 22.54% rate (white-list share 25.63%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of VNGD60?
The fund size declared by Vanguard is about 1 billion euro.
When was VNGD60 launched?
The fund was launched on 8 December 2020: it has 5 years of history.
Is VNGD60 actively or passively managed?
It is an ACTIVELY managed ETF: the manager picks the holdings, it does not replicate an index. The declared benchmark (Vanguard LifeStrategy 60% Equity UCITS ETF Internal Composite) is a yardstick for comparison, not an index being tracked.
Does VNGD60 pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing Income”).
Where does VNGD60 trade?
Per the official ESMA register it trades on 10 main exchanges, including Borsa Italiana (ETFplus) (VNGD60), Börse Düsseldorf (V60D), Börse Frankfurt (V60D), Börse Hamburg (V60D), Börse Hannover (V60D), Börse München / gettex (V60D).
What was VNGD60's worst fall?
Over the available history (since 2020), the maximum drawdown was -16.82%, reached in December 2022. Past performance is not indicative of future results.
How many securities does VNGD60 hold?
The declared portfolio holds 13 securities; the top 10 positions weigh 96.8%.
Transparency note
The data in this sheet is declared by Vanguard in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.