Description

The Vanguard U.K. Investment Grade Bond Index Fund Institutional Plus GBP Acc is a passively managed fixed income fund that seeks to track the performance of the Bloomberg GBP Non-Government Float Adjusted Bond Index. It invests through physical acquisition of securities in a representative sample of the index's constituents, which comprise sterling-denominated investment grade bonds with maturities greater than one year, issued by corporate, securitised, and government-related or supranational entities (excluding UK Treasury, UK agency, and UK local authority issuers). The fund is managed by Vanguard Asset Management and remains fully invested except in extraordinary market conditions.