Investment
Growth
Investment details and fees
Fund Commenced20 Nov 2002
Minimum investment amounts*
Initial investment$500,000
Additional investment$5,000
Minimum withdrawal$1,000
Minimum switch$500,000
Minimum transfer$500,000
Minimum account balanceNil
*Vanguard may accept lesser amounts at its discretion
Fees and costs
Establishment feeNil
Application/contribution feeNil
Withdrawal feeNil
Termination feeNil
Switching feeNil
Transfer feeNil
Management costs0.36% p.a
Buy spread cost (purchase)0.23%
Sell spread cost (withdrawal)0.15%
Fund Ratings
Standard & Poor'sFour Stars
MorningstarHighly Recommended
LonsecRecommended
The Vanguard® Growth Index Fund is biased towards growth assets, and is designed for investors with an above average tolerance for risk who are seeking long-term capital growth.
This fund targets a 30% allocation to income asset classes (cash and fixed interest securities) and a 70% allocation to growth asset classes (property securities and shares).
Who it may suit
- long-term investors (usually seven years plus)
- investors seeking long-term capital growth through a diversified portfolio with a bias to growth assets
- investors seeking a tax-effective investment
Objectives
To match the weighted average return of the target indexes of each of the underlying Vanguard Wholesale Funds in which the fund invests, before taking into account fund fees and expenses. The weights used are the strategic asset allocations to each asset class.
Strategic asset allocations are:
Income assets 30%
- Australian fixed interest 11%
- International fixed interest (hedged) 17%
- Australian cash 2%
Growth assets 70%
- Australian shares 34%
- International shares 23%
- Australian property securities 4%
- International property securities (hedged) 4%
- International small companies (hedged) 3%
- Emerging markets shares 2%
Benefits
Diversification
- diversified portfolio with a bias towards growth assets (70%)
- diversified approach lowers risk while providing opportunities for enhanced returns
Capital growth
- potential for long-term capital growth
Potential for better after-tax returns
- our buy and hold strategy takes advantage of capital gains discounts and the deferral of capital gains liabilities, which may result in better after-tax returns
Low fees
- low management costs
- no entry or exit fees (other than buy/sell spread costs)
Managed Funds over $500,000 - Funds at a Glance
| 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
|
|||
|
Standard & Poors
|
Morningstar
|
Lonsec
|
|||||||
| Vanguard® Cash Reserve Fund |
UBS Australian Bank Bill Index
|
$500,000
|
Nil
|
Withdrawals are normally paid within two business days |
Monthly
|
Nil
|
4 Stars
|
-
|
-
|
| Vanguard® Cash Plus Index Fund |
Vanguard Cash Plus Index
(custom index) |
$500,000
|
Nil
|
Withdrawals are normally paid within two 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
|
|||
|
Standard & Poors
|
Morningstar
|
Lonsec
|
|||||||
|
UBS Australian Government Bond Index
|
$500,000
|
Nil
|
Withdrawals are normally paid within four business days
|
Quarterly
|
0.05%/ 0.05%
|
4 Stars
|
-
|
-
|
|
|
UBS Australian Composite Bond Index and Barclays Capital Global Aggregate ex Securitised Index hedged into AUD
|
$500,000
|
Nil
|
Withdrawals are normally paid within four business days
|
Quarterly
|
0.16%/0.16%
|
-
|
-
|
-
|
|
| Vanguard® Australian Fixed Interest Index Fund |
UBS Australian Composite Bond Index
|
$500,000
|
Nil
|
Withdrawals are normally paid within four business days
|
Quarterly
|
0.10%/ 0.10% |
4 Stars
|
Recommended
|
Recommended
|
| Vanguard® International Fixed Interest Index Fund (Hedged) |
Barclays Capital Global Treasury Index hedged into AUD
|
$500,000
|
Nil
|
Withdrawals are normally paid within four business days
|
Quarterly
|
0.15%/ 0.15%
|
4 Stars
|
Recommended
|
Recommended
|
|
Vanguard® International Credit Securities Index Fund (Hedged) |
Barclays Capital Global Aggregate Government-related and Corporate Index hedged into AUD
|
$500,000
|
Nil
|
Withdrawals are normally paid within four business days
|
Quarterly
|
0.30%/ 0.30%
|
-
|
Recommended
|
Recommended
|
| Infrastructure - Infrastructure funds suit investors with a longer-term time frame (five years plus). | |||||||||
|
Index/ Benchmark
|
Minimum Initial Application
|
Application Fee
|
Access to Funds
|
Income Distributions
|
Buy/Sell Spread
|
Ratings and Recommendations
|
|||
|
Standard & Poors
|
Morningstar
|
Lonsec
|
|||||||
| Vanguard® Global Infrastructure Fund |
Vanguard Global Infrastructure Index in AUD
(custom index) |
$500,000
|
Nil
|
Withdrawals are normally paid within four business days
|
Quarterly
|
0.30%/ 0.30%
|
4 Stars
|
Recommended
|
Recommended
|
| Vanguard® Global Infrastructure Fund (Hedged) |
Vanguard Global Infrastructure Index hedged into AUD
(custom index) |
$500,000
|
Nil
|
Withdrawals are normally paid within four business days
|
Quarterly
|
0.35%/ 0.35%
|
4 Stars
|
Recommended
|
Recommended
|
| 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
|
|||
|
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 four 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 AUD
|
$500,000
|
Nil
|
Withdrawals are normally paid within four 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 hedged into AUD
|
$500,000
|
Nil
|
Withdrawals are normally paid within four business days
|
Quarterly
|
0.35%/ 0.35%
|
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
|
|||
|
Standard & Poors
|
Morningstar
|
Lonsec
|
|||||||
|
S&P/ASX 300 Index
|
$500,000
|
Nil
|
Withdrawals are normally paid within four business days
|
Quarterly
|
0.20%/ 0.10%
|
4 Stars
|
Recommended
|
Recommended
|
|
| Vanguard® Australian High Yield Shares Fund |
FTSE ASFA Australia High Dividend Yield Index
|
$500,000
|
Nil
|
Withdrawals are normally paid within four business days
|
Quarterly
|
0.20%/ 0.10%
|
4 Stars
|
Investment Grade
|
Investment Grade
|
| 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
|
|||
|
Standard & Poors
|
Morningstar
|
Lonsec
|
|||||||
| Vanguard® International Shares Index Fund |
MSCI World ex-Australia Index in AUD |
$500,000
|
Nil
|
Withdrawals are normally paid within four business days
|
Quarterly
|
0.30%/ 0.10%
|
4 Stars
|
Recommended
|
Recommended
|
| Vanguard® International Shares Index Fund (Hedged) - AUD Class |
MSCI World ex-Australia Index hedged to AUD |
$500,000
|
Nil
|
Withdrawals are normally paid within four business days
|
Quarterly
|
0.35%/ 0.15%
|
4 Stars
|
Recommended
|
Recommended
|
| Vanguard® International Shares Index Fund (Hedged) - NZD Class |
MSCI World ex-Australia Index hedged to NZD |
$500,000
|
Nil
|
Withdrawals are normally paid within four business days
|
Quarterly
|
0.35%/ 0.15%
|
4 Stars
|
Recommended
|
Recommended
|
| Vanguard® International Small Companies Index Fund |
MSCI World ex-Australia Small Cap Index in AUD
|
$500,000
|
Nil
|
Withdrawals are normally paid within four business days
|
Quarterly
|
0.35%/ 0.25%
|
4 Stars
|
-
|
-
|
| Vanguard® International Small Companies Index Fund (Hedged) |
MSCI World ex-Australia Small Cap hedged to AUD
|
$500,000
|
Nil
|
Withdrawals are normally paid within four business days
|
Quarterly
|
0.40%/ 0.30%
|
4 Stars
|
-
|
-
|
| Vanguard® Emerging Markets Shares Index Fund |
MSCI Emerging Markets Index in AUD
|
$500,000
|
Nil
|
Withdrawals are normally paid within five business days
|
Quarterly
|
0.60%/ 0.60%
|
4 Stars
|
Recommended
|
|
| Diversified - Diversified 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
|
|||
|
Standard & Poors
|
Morningstar
|
Lonsec
|
|||||||
| Vanguard ® Conservative Index Fund |
70% income oriented and 30% growth oriented assets (Weighted average of target indexes of the underlying Vanguard Wholesale Funds) |
$500,000 | Nil | Withdrawals are normally paid within four business days | Quarterly | 0.12%/ 0.09% | 4 Stars | Highly Recommended | Recommended |
| Vanguard® Balanced Index Fund | 50% income oriented and 50% growth oriented assets (Weighted average of target indexes of the underlying Vanguard Wholesale Funds) | $500,000 | Nil | Withdrawals are normally paid within four business days | Quarterly | 0.18%/ 0.12% | 4 Stars | Highly Recommended | Recommended |
| Vanguard® Growth Index Fund | 30% income oriented and 70% growth oriented assets (Weighted average of target indexes of the underlying Vanguard Wholesale Funds) | $500,000 | Nil | Withdrawals are normally paid within four business days | Quarterly | 0.23%/ 0.15% | 4 Stars | Highly Recommended | Recommended |
| Vanguard® High Growth Index Fund | 10% income oriented and 90% growth oriented assets (Weighted average of target indexes of the underlying Vanguard Wholesale Funds) | $500,000 | Nil | Withdrawals are normally paid within four business days | Quarterly | 0.26%/ 0.15% | 4 Stars | Highly Recommended | Recommended |
Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and ASX® is a registered trademark of the Australian Stock Exchange Ltd (“ASX”). These trademarks have been licensed for use by The Vanguard Group, Inc.
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The Lonsec Limited (“Lonsec”) ABN 56 061 751 102 ratings presented in this document are limited to “General Advice” and based solely on consideration of the investment merits of the financial product(s). It is not a recommendation to purchase, sell or hold the relevant product(s), and you should seek independent financial advice before investing in this product(s). The rating is subject to change without notice and Lonsec assumes no obligation to update this document following publication. Lonsec receives a fee from the fund manager for rating the product(s) using comprehensive and objective criteria.
The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities. The Prospectus contains a more detailed description of the limited relationship MSCI has with The Vanguard Group and any related funds. ”FTSE®”, “FT-SE®” and “Footsie®” are trade marks jointly owned by the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited under licence. “All-World” is a trade mark of FTSE International Limited. The FTSE All-World ex-US Index is calculated by FTSE International Limited. FTSE International Limited does not sponsor, endorse or promote this product and is not in any way connected to it and does not accept any liability in relation to its issue, operation and trading.
Vanguard ETFs are not sponsored, endorsed, sold or promoted by S&P or ASX, and S&P and ASX make no representation, warranty, or condition regarding the advisability of buying, selling, or holding units/shares in the Vanguard ETFs.
The Lonsec Limited (“Lonsec”) ABN 56 061 751 102 ratings presented in this document are limited to “General Advice” and based solely on consideration of the investment merits of the financial product(s). It is not a recommendation to purchase, sell or hold the relevant product(s), and you should seek independent financial advice before investing in this product(s). The rating is subject to change without notice and Lonsec assumes no obligation to update this document following publication. Lonsec receives a fee from the fund manager for rating the product(s) using comprehensive and objective criteria.
The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities. The Prospectus contains a more detailed description of the limited relationship MSCI has with The Vanguard Group and any related funds. ”FTSE®”, “FT-SE®” and “Footsie®” are trade marks jointly owned by the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited under licence. “All-World” is a trade mark of FTSE International Limited. The FTSE All-World ex-US Index is calculated by FTSE International Limited. FTSE International Limited does not sponsor, endorse or promote this product and is not in any way connected to it and does not accept any liability in relation to its issue, operation and trading.