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At a glance

Cautious by name, cautious by nature. The lowest risk choice out of our three growth approaches, aiming for modest returns.

Our experts use Environmental, Social and Governance (ESG) considerations to help select what to invest in. Read more about our responsible investing approach including ESG considerations.


Download Key Information

Highlights

Reduces risk

Likely to be a less 'bumpy' ride, compared with higher risk investments.

Aims for gradual growth

A slower, cautious approach to growing your money in the longer term.

All done for you

Managed for you by our dedicated team of investment experts. All in one neatly packaged approach.

How your money's invested

Typically 40% of your money goes into higher risk investments with higher potential returns and 60% into lower risk investments with lower potential returns.

Our experts review this mix regularly within the adjustment range, for higher growth potential.

Investment Mix

Adjustment rangeThe adjustment range gives our experts the flexibility to make investment changes based on their assessment of the market outlook, but they always aim to stick to the balance of risk and reward for the approach.

  • Typically 40%

    invested for higher potential returns with higher risk

  • Typically 60%

    invested for lower risk with lower growth potential

Remember, the value of investments can go up and down, so you may get back less money than you put in. Tax depends on your individual circumstances and the regulations may change in the future.

Where your money's invested

Our experts manage the mix of investments, within the adjustment range and to achieve the approach objectives.

Here’s the detail at 30 June 2024.

Key:
Higher riskShares (emerging markets): 8%
Higher riskShares (UK): 1%
Higher riskReal estate investment trusts: 2%
Higher riskShares (overseas developed): 24%
Higher riskBonds (emerging markets): 0%
Higher riskBonds (high yield): 2%
Lower riskGlobal corporate bonds: 20%
Lower riskUK corporate bonds: 10%
Lower riskGlobal government bonds: 21%
Lower riskUK Government bonds (Gilts): 0%
Lower riskShort maturity bonds: 9%
Lower riskCash: 3%

Higher risk

  • 8% - Shares (emerging markets)
  • 1% - Shares (UK)
  • 2% - Real estate investment trusts
  • 24% - Shares (overseas developed)
  • 0% - Bonds (emerging markets)
  • 2% - Bonds (high yield)

Lower risk

  • 3% - Cash
  • 9% - Short maturity bonds
  • 0% - UK Government bonds (Gilts)
  • 21% - Global government bonds
  • 10% - UK corporate bonds
  • 20% - Global corporate bonds
What do these terms mean?

How the fund invests

Your money is invested in a group of funds, rather than directly in stocks and shares. This is known as a fund of funds.

Top holdings

The following is up-to-date as of 30 June 2024.

  1. iShares ESG Screened Global Corporate Bond Index Fund
  2. abrdn Global Government Bond Tracker Fund
  3. abrdn Sustainable Index World Equity Fund
  4. iShares ESG Sterling Corporate Bond Index Fund
  5. iShares MSCI Emerging Markets ESG Enhanced Units Fund
  6. abrdn Short Dated Sterling Corporate Bond Tracker Fund
  7. iShares Continental European Equity ESG Index Fund
  8. Virgin Money Climate Change Fund
  9. L&G ESG Emerging Markets Government Bond Index Fund
  10. abrdn Liquidity Fund
How the fund is invested

What you could've earned already

The graph below gives you an indication of how much you could've earned, after charges, if you had invested £10,000 in this approach five years ago. Remember, past performance isn't a reliable guide to future performance.

The following is up-to-date as of 30 June 2024.

Key:
£7.5k
£10k
£12.5k
£15k
  • Jun-19: £10,000
    Jun-19: £10,000
    2019
  • Jul-19: £10,177
    Jul-19: £10,173
  • Aug-19: £10,220
    Aug-19: £10,269
  • Sep-19: £10,244
    Sep-19: £10,254
  • Oct-19: £10,168
    Oct-19: £10,167
  • Nov-19: £10,201
    Nov-19: £10,228
  • Dec-19: £10,241
    Dec-19: £10,237
  • Jan-20: £10,300
    Jan-20: £10,342
  • Feb-20: £10,157
    Feb-20: £10,268
  • Mar-20: £9,434
    Mar-20: £9,810
  • Apr-20: £9,779
    Apr-20: £10,175
  • May-20: £10,022
    May-20: £10,392
  • Jun-20: £10,197
    Jun-20: £10,529
    2020
  • Jul-20: £10,205
    Jul-20: £10,575
  • Aug-20: £10,263
    Aug-20: £10,649
  • Sep-20: £10,300
    Sep-20: £10,683
  • Oct-20: £10,222
    Oct-20: £10,604
  • Nov-20: £10,613
    Nov-20: £10,923
  • Dec-20: £10,731
    Dec-20: £11,014
  • Jan-21: £10,662
    Jan-21: £10,941
  • Feb-21: £10,572
    Feb-21: £10,839
  • Mar-21: £10,658
    Mar-21: £10,938
  • Apr-21: £10,800
    Apr-21: £11,089
  • May-21: £10,800
    May-21: £11,069
  • Jun-21: £10,943
    Jun-21: £11,249
    2021
  • Jul-21: £10,985
    Jul-21: £11,347
  • Aug-21: £11,092
    Aug-21: £11,452
  • Sep-21: £10,978
    Sep-21: £11,300
  • Oct-21: £11,014
    Oct-21: £11,394
  • Nov-21: £11,077
    Nov-21: £11,491
  • Dec-21: £11,120
    Dec-21: £11,507
  • Jan-22: £10,807
    Jan-22: £11,242
  • Feb-22: £10,645
    Feb-22: £11,051
  • Mar-22: £10,700
    Mar-22: £11,015
  • Apr-22: £10,472
    Apr-22: £10,682
  • May-22: £10,398
    May-22: £10,664
  • Jun-22: £10,057
    Jun-22: £10,386
    2022
  • Jul-22: £10,334
    Jul-22: £10,777
  • Aug-22: £10,206
    Aug-22: £10,588
  • Sep-22: £9,740
    Sep-22: £10,153
  • Oct-22: £9,803
    Oct-22: £10,211
  • Nov-22: £10,135
    Nov-22: £10,510
  • Dec-22: £10,038
    Dec-22: £10,260
  • Jan-23: £10,320
    Jan-23: £10,562
  • Feb-23: £10,194
    Feb-23: £10,398
  • Mar-23: £10,261
    Mar-23: £10,581
  • Apr-23: £10,278
    Apr-23: £10,608
  • May-23: £10,216
    May-23: £10,583
  • Jun-23: £10,257
    Jun-23: £10,674
    2023
  • Jul-23: £10,395
    Jul-23: £10,753
  • Aug-23: £10,284
    Aug-23: £10,700
  • Sep-23: £10,165
    Sep-23: £10,548
  • Oct-23: £10,020
    Oct-23: £10,417
  • Nov-23: £10,398
    Nov-23: £10,804
  • Dec-23: £10,790
    Dec-23: £11,174
  • Jan-24: £10,720
    Jan-24: £11,181
    2024
  • Feb-24: £10,751
    Feb-24: £11,292
  • Mar-24: £10,962
    Mar-24: £11,473
  • Apr-24: £10,822
    Apr-24: £11,257
  • May-24: £10,886
    May-24: £11,404
  • Jun-24: £11,038
    Jun-24: £11,574
2019 2024

June 2019 to
June 2020		June 2020 to
June 2021		June 2021 to
June 2022		June 2022 to
June 2023		June 2023 to
June 2024
This fund2.0%7.3%-8.1%2.0%7.6%
Performance Comparator*5.3%6.8%-7.7%2.8%8.4%
This fund changed strategy in October 2021. To help you compare it with other funds we have replicated the performance of the markets the fund invests in, to indicate what the performance may have been prior to the strategy change. The simulated return takes into account the current annual charge of 0.45% and that the mix of assets are rebalanced once per month, but does not include the separate account fee of 0.30% per year.

*The fund doesn’t use a benchmark as a guide for investing or as a target to beat. But we do use a performance comparator which investors may want to compare the fund’s performance against. This comprises 30% shares and 70% bonds. Shares are represented by the MSCI All Countries World Index GBP, whilst bonds are represented by the Bloomberg Global Aggregate Bond Index – GBP Hedged. The fund invests differently to the performance comparator therefore returns will always be different. For example there are differences in the way the fund is built vs. the comparator, along with the cost of investing, which is included for the fund return, but not the comparator. You cannot invest in the performance comparator.

Source: Lipper, year on year, 30 June 2019 to 30 June 2024, bid to bid with net income reinvested.

Key information

In our important documents you’ll see our Cautious Growth approach referred to as the Virgin Money Growth Fund 1. Before applying, please make sure you’ve read the following:

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