At a glance
When stability is more important than growth, this lower risk and slower growth approach is designed to keep things steady.
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
Lower risk
Likely to be a much less 'bumpy' ride than with our growth approaches.
Lower growth, more stability
Keeps things steady if you're okay with limited potential for growth.
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
At least 75% of your money is invested in lower risk assets with potentially lower returns. The rest is invested in assets that aim to provide a higher potential return but carry a higher level of risk.
Our experts review this mix regularly within the adjustment range and in line with the investment objectives.
Investment Mix
Typically 15%
invested for higher growth potential with higher riskTypically 85%
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.
Higher risk
- 5% - Shares (emerging markets)
- 1% - Shares (UK)
- 1% - Real estate investment trusts
- 7% - Shares (overseas developed)
- 1% - Bonds (emerging markets)
- 1% - Bonds (high yield)
Lower risk
- 17% - Cash
- 22% - Short maturity bonds
- 15% - UK Government bonds (Gilts)
- 21% - Global government bonds
- 4% - UK corporate bonds
- 5% - Global corporate bonds
What do these terms mean?
Close ModalBonds: These are like IOUs, used by companies and governments to raise money. The buyer effectively lends money to the seller, in return for interest on their investment over a set amount of time. When that time’s up, the value is paid back.
Gilts: These are just a type of bond. But instead of lending money to a company, it’s lent to the UK Government.
Shares: A share is a tiny bit of a company. Share owners are called shareholders. If a company does well, shareholders are rewarded with a proportion of the profits, paid out as dividends. The value of shares rises and falls according to the company’s performance, and other factors.
Real estate investment trusts (REITs): These are pools of money gathered by a company from investors. They’re used to buy, manage or invest in property and land (real estate) to generate income – a way of investing in commercial property without needing millions.
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 holdingsThe following is up-to-date as of 30 June 2024.
- abrdn Liquidity Fund
- Vanguard UK Government Bond Index Fund
- abrdn Global Government Bond Index Fund
- abrdn Global Inflation-Linked Bond Tracker Fund
- Vontobel TwentyFour Sustainable Short Term Bond Fund
- abrdn Short Dated Global Inflation-Linked Bond Tracker Fund
- abrdn Short Dated Global Corporate Bond Tracker Fund
- abrdn Sustainable Index American Equity Fund
- iShares MSCI Emerging Markets ESG Enhanced Fund
- L&G ESG GBP Corporate Bond 0-5 Year Fund
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.
Here's the detail at 30 June 2024.
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Jun-19: £10,000Jun-19: £10,000
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Jul-19: £10,144Jul-19: £10,119
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Aug-19: £10,259Aug-19: £10,275
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Sep-19: £10,247Sep-19: £10,237
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Oct-19: £10,147Oct-19: £10,179
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Nov-19: £10,141Nov-19: £10,199
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Dec-19: £10,128Dec-19: £10,186
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Jan-20: £10,252Jan-20: £10,326
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Feb-20: £10,224Feb-20: £10,350
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Mar-20: £9,834Mar-20: £10,032
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Apr-20: £10,090Apr-20: £10,295
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May-20: £10,233May-20: £10,419
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Jun-20: £10,326Jun-20: £10,513
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Jul-20: £10,369Jul-20: £10,589
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Aug-20: £10,338Aug-20: £10,587
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Sep-20: £10,377Sep-20: £10,623
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Oct-20: £10,361Oct-20: £10,583
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Nov-20: £10,562Nov-20: £10,771
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Dec-20: £10,638Dec-20: £10,828
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Jan-21: £10,619Jan-21: £10,762
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Feb-21: £10,436Feb-21: £10,629
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Mar-21: £10,510Mar-21: £10,656
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Apr-21: £10,596Apr-21: £10,742
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May-21: £10,619May-21: £10,744
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Jun-21: £10,695Jun-21: £10,858
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Jul-21: £10,821Jul-21: £10,972
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Aug-21: £10,876Aug-21: £11,011
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Sep-21: £10,743Sep-21: £10,885
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Oct-21: £10,808Oct-21: £10,916
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Nov-21: £10,874Nov-21: £11,002
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Dec-21: £10,855Dec-21: £10,984
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Jan-22: £10,671Jan-22: £10,770
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Feb-22: £10,543Feb-22: £10,608
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Mar-22: £10,505Mar-22: £10,473
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Apr-22: £10,328Apr-22: £10,168
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May-22: £10,281May-22: £10,152
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Jun-22: £10,006Jun-22: £9,939
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Jul-22: £10,239Jul-22: £10,250
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Aug-22: £10,084Aug-22: £10,016
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Sep-22: £9,660Sep-22: £9,638
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Oct-22: £9,744Oct-22: £9,647
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Nov-22: £9,940Nov-22: £9,904
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Dec-22: £9,850Dec-22: £9,722
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Jan-23: £10,044Jan-23: £9,971
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Feb-23: £9,934Feb-23: £9,809
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Mar-23: £10,028Mar-23: £10,000
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Apr-23: £10,053Apr-23: £10,035
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May-23: £9,975May-23: £9,999
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Jun-23: £9,967Jun-23: £10,036
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Jul-23: £10,050Jul-23: £10,074
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Aug-23: £10,002Aug-23: £10,042
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Sep-23: £9,915Sep-23: £9,879
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Oct-23: £9,872Oct-23: £9,781
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Nov-23: £10,133Nov-23: £10,125
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Dec-23: £10,425Dec-23: £10,457
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Jan-24: £10,334Jan-24: £10,449
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Feb-24: £10,331Feb-24: £10,464
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Mar-24: £10,487Mar-24: £10,594
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Apr-24: £10,387Apr-24: £10,407
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May-24: £10,415May-24: £10,520
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Jun-24: £10,565Jun-24: £10,643
Virgin Money Defensive Fund comparison | 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 |
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This fund | 3.3% | 3.6% | -6.4% | -0.4% | 6.0% |
Performance Comparator* | 5.1% | 3.3% | -8.5% | 1.0% | 6.0% |
*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 85% bonds and 15% shares. 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, total return (income reinvested).
Key information
In our important documents you’ll see our Careful Defensive approach referred to as the Virgin Money Defensive Fund. Before applying, please make sure you’ve read the following:
Want to check out the performance of another fund?
View our fundsFurther info about performance comparator
Close ModalWe have changed the performance comparator (PC) for the fund. The new PC is more aligned to how the fund invests and performs.
Previous performance comparator: UK Base Rate + 0.75%
New performance comparator: 85% Global Bonds, 15% Global Shares
This change brings the fund’s PC in line with our other multi-asset funds. The split between bonds and shares is based on the approximate risk level of each fund. For example, our Growth Fund 1 uses a 70/30 bonds/shares split, whilst our Growth Fund 3 uses a 20/80 split as it is higher risk and invests more in shares.
By moving to a stock market-based comparison, rather than one linked to interest rates, the new PC provides a better comparison over periods when stock markets and interest rates are moving in different directions.
Please note that this change does not affect the strategy or holdings within the fund itself, just what we use to compare the returns of the fund against.