Investment

Cash Reserve

Investment details and fees

Minimum investment amounts

Initial investment$500,000

Additional investmentsNil

Holding balanceNil

Switch/withdrawalNil

Buy/sell spread

PurchaseNil

WithdrawalNil

Management costs

Management costs0.15% p.a

Ratings

Standard & Poor'sFour Stars

Download a fund factsheet

Vanguard's Cash Reserve Fund provides a low-cost liquidity management solution. The fund aims to deliver a steady and reliable income stream through a diversified portfolio of high quality cash deposits and short term debt securities.

Who it may suit

investors seeking a low-cost passively managed liquidity solution
investors seeking capital stability
self managed super funds

Objectives

To match the return (income and capital appreciation) of the UBS Australian Bank Bill Index before taking into account Fund fees and expenses.

Benefits

Low risk and capital stability

diversified portfolio of quality cash and debt instruments

Regular income stream

monthly distributions

Low fees

low management fees
no entry fees

Flexibility

easily switch funds with no costs
no minimum additional investment requirements mean you can add to your investment as much and as often as you like

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Knowledge Centre

Managed over $500,000 - Funds at a Glance*

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Cash Cash funds suit investors who prefer capital stability and regular income to long-term growth.

	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Ratings and Recommendations
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Standard & Poors	Morningstar	Lonsec
Vanguard® Cash Reserve	UBS Australia Bank Bill Index	$500,000	Nil	Withdrawals are normally paid within seven business days	Monthly	Nil	4 Stars	-	-
Vanguard® Cash Plus Index Fund	A customised Index, the Vanguard Cash Plus Index	$500,000	Nil	Withdrawals are normally paid within seven business days	Monthly	Nil	3 Stars	-	-

Fixed Interest Fixed interest funds suit short to medium-term investors seeking a steady and reliable income stream.

	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Ratings and Recommendations
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Standard & Poors	Morningstar	Lonsec
Vanguard® Australian Government Bond Index Fund	UBS Government Bond Index	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.10%/ 0.10	4 Stars
Vanguard® Australian Fixed Interest Index Fund	UBS Australian Composite Bond Index	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.20%/ 0.20	4 Stars	-	Highly Recommended
Vanguard® International Fixed Interest Index Fund (Hedged)	Barclays Capital Global Treasury Index in $A (Hedged)	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.20%/ 0.20	4 Stars	-	Recommended
Vanguard® International Credit Securities Index Fund (Hedged)	Barclays Capital Global Aggregate Government-related and Corporate Index in $A (Hedged)	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.40%/ 0.40%	-	-	-

Property Property trusts suit investors with a long-term time frame (five years plus).

	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Ratings and Recommendations
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Standard & Poors	Morningstar	Lonsec
Vanguard® Australian Property Securities Index Fund	S&P/ASX 300 A-REIT Index	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.20%/ 0.20%	4 Stars	Highly Recommended	Highly Recommended
Vanguard® International Property Securities Index Fund	UBS Global Real Estate Investors Index ex-Australia in $A	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.30%/ 0.30%	4 Stars	Recommended	Recommended
Vanguard® International Property Securities Index Fund (Hedged)	UBS Global Real Estate Investors Index ex-Australia in $A (Hedged)	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.40%/ 0.40%	4 Star	Recommended	Recommended

Australian Shares Shares are high risk and generally suited to longer-term investors (seven years plus)

	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Ratings and Recommendations
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Standard & Poors	Morningstar	Lonsec
Vanguard® Australian Shares Index Fund	S&P/ASX 300 Index	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.20%/ 0.10%	4 Stars	Recommended	Recommended
Vanguard® Australian High Yield Shares Fund	S&P/ASX 200 ex-A-REIT Index	$500,000	Nil	Withdrawals are normally paid within seven business days	Monthly	0.20%/ 0.10%	4 Stars	Investment Grade	Recommended
Vanguard® Sustainability Leaders Australian Shares Fund	S&P/ASX 200 Index	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.20%/ 0.20%	-	-	-

International Shares International Shares are high risk and generally suited to longer-term investors (seven years plus).

	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Ratings and Recommendations
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Standard & Poors	Morningstar	Lonsec
Vanguard® International Shares Index Fund	MSCI World ex-Australia Index in AUD	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.30%/ 0.10%	4 Stars	Recommended	Recommended
Vanguard® International Shares Index Fund (Hedged)	MSCI World ex-Australia Index hedged to AUD	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.40%/ 0.20%	4 Stars	Recommended	Recommended
Vanguard® Emerging Markets Shares Index Fund	MSCI Emerging Markets Index in AUD	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.75%/ 1.00%	4 Stars
Vanguard® International Small Companies Index Fund	MSCI World ex-Australia Small Cap Index in AUD	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.35%/ 0.25%	4 Stars	-	-
Vanguard® International Small Companies Index Fund (Hedged)	MSCI World ex-Australia Small Cap Index hedged to AUD	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.45%/ 0.35%	4 Stars	-	-
Vanguard® Global Infrastructure Fund	A customised index, the Vanguard Global Infrastructure Index in AUD	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.30%/ 0.30%	4 Stars	Recommended	Recommended (upper end)
Vanguard® Global Infrastructure Fund (Hedged)	A customised index, the Vanguard Global Infrastructure Index hedged to AUD	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.40%/ 0.40%	4 Stars	Recommended	Recommended (upper end)
Vanguard® Sustainability Leaders International Shares Fund	MSCI World ex-Australia Index in AUD	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.30%/ 0.30%	-	-	-

DiversifiedDiversified funds allow investors to select the portfolio that best matches their risk profile.

	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Ratings and Recommendations
	Index/ Benchmark	Minimum Initial Application	Application Fee	Access to Funds	Income Distributions	Buy/Sell Spread	Standard & Poors	Morningstar	Lonsec
Vanguard ® Conservative Index Fund	30% growth and 70% income (Weighted average of target indexes of Vanguard Index Funds)	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.15%/ 0.10%	4 Stars	Highly Recommended	Recommended
Vanguard® Balanced Index Fund	50% growth and 50% income (Weighted average of target indexes of Vanguard Index Funds)	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.20%/ 0.15%	4 Stars	Highly Recommended	Recommended
Vanguard® Growth Index Fund	70% growth and 30% income (Weighted average of target indexes of Vanguard Index Funds)	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.25%/ 0.15%	4 Stars	Highly Recommended	Recommended
Vanguard® High Growth Index Fund	90% growth and 10% income (Weighted average of target indexes of Vanguard Index Funds)	$500,000	Nil	Withdrawals are normally paid within seven business days	Quarterly	0.30%/ 0.20%	4 Stars	Highly Recommended	Recommended

* Information correct as of March 1 2010.