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At a glance

Balancing caution and adventure. The middle risk choice out of our three growth approaches.

 

This fund has some sustainability characteristics due to being responsibly invested. Sustainable investment labels help UK investors find funds that have a specific sustainability goal. This fund doesn't have a UK sustainable investment label because it doesn't have a specific sustainability goal.


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Highlights

Balances risk and reward

Likely to be a bit more of a 'bumpy' ride than lower risk investments.

Aims for steady growth

A balanced 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 70% of your money goes into higher risk investments with higher potential returns and 30% 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 70%

    invested for higher potential returns with higher risk

  • Typically 30%

    invested for lower risk with lower potential returns

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 31 March 2025.

Key:
Higher riskShares (emerging markets): 8%
Higher riskShares (UK): 5%
Higher riskReal estate investment trusts: 4%
Higher riskShares (overseas developed): 51%
Higher riskBonds (emerging markets): 4%
Higher riskBonds (high yield): 8%
Lower riskGlobal corporate bonds: 11%
Lower riskUK corporate bonds: 0%
Lower riskGlobal government bonds: 3%
Lower riskUK Government bonds (Gilts): 0%
Lower riskShort maturity bonds: 5%
Lower riskCash: 1%

Higher risk

  • 8% - Shares (emerging markets)
  • 5% - Shares (UK)
  • 4% - Real estate investment trusts
  • 51% - Shares (overseas developed)
  • 4% - Bonds (emerging markets)
  • 8% - Bonds (high yield)

Lower risk

  • 1% - Cash
  • 5% - Short maturity bonds
  • 0% - UK Government bonds (Gilts)
  • 3% - Global government bonds
  • 0% - UK corporate bonds
  • 11% - 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.

The following is up-to-date as of 31 March 2025.

  1. abrdn Evolve World Equity Fund
  2. iShares Continental European Equity ESG Index Fund
  3. iShares MSCI Emerging Markets ESG Enhanced UCITS ETF
  4. abrdn SICAV I - Responsible Global High Yield Bond Fund
  5. abrdn Evolve Asia Pacific ex-Japan Equity Index Fund
  6. abrdn Global Corporate Bond Screened Tracker Fund
  7. abrdn Evolve American Equity Fund
  8. abrdn Evolve UK Equity Fund
  9. iShares MSCI Japan ESG Enhanced UCITS ETF
  10. Virgin Money Climate Change 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 31 March 2025.

Key:
£7.5k
£10k
£12.5k
£15k
£17.5k
  • Mar-20: £10,000
    Mar-20: £10,000
    2020
  • Apr-20: £10,503
    Apr-20: £10,591
  • May-20: £10,969
    May-20: £11,013
  • Jun-20: £11,243
    Jun-20: £11,250
  • Jul-20: £11,145
    Jul-20: £11,236
  • Aug-20: £11,343
    Aug-20: £11,475
  • Sep-20: £11,399
    Sep-20: £11,507
  • Oct-20: £11,218
    Oct-20: £11,337
  • Nov-20: £11,942
    Nov-20: £11,959
  • Dec-20: £12,138
    Dec-20: £12,129
  • Jan-21: £12,044
    Jan-21: £12,036
    2021
  • Feb-21: £12,016
    Feb-21: £11,997
  • Mar-21: £12,265
    Mar-21: £12,268
  • Apr-21: £12,554
    Apr-21: £12,575
  • May-21: £12,512
    May-21: £12,504
  • Jun-21: £12,799
    Jun-21: £12,848
  • Jul-21: £12,802
    Jul-21: £12,915
  • Aug-21: £13,074
    Aug-21: £13,179
  • Sep-21: £12,916
    Sep-21: £12,958
  • Oct-21: £13,024
    Oct-21: £13,208
  • Nov-21: £13,110
    Nov-21: £13,335
  • Dec-21: £13,297
    Dec-21: £13,436
  • Jan-22: £12,759
    Jan-22: £13,028
    2022
  • Feb-22: £12,559
    Feb-22: £12,758
  • Mar-22: £12,870
    Mar-22: £12,959
  • Apr-22: £12,606
    Apr-22: £12,539
  • May-22: £12,462
    May-22: £12,513
  • Jun-22: £11,933
    Jun-22: £12,060
  • Jul-22: £12,358
    Jul-22: £12,669
  • Aug-22: £12,405
    Aug-22: £12,582
  • Sep-22: £11,763
    Sep-22: £11,977
  • Oct-22: £11,860
    Oct-22: £12,160
  • Nov-22: £12,315
    Nov-22: £12,581
  • Dec-22: £12,185
    Dec-22: £12,147
  • Jan-23: £12,601
    Jan-23: £12,596
    2023
  • Feb-23: £12,529
    Feb-23: £12,418
  • Mar-23: £12,496
    Mar-23: £12,593
  • Apr-23: £12,534
    Apr-23: £12,599
  • May-23: £12,476
    May-23: £12,600
  • Jun-23: £12,635
    Jun-23: £12,832
  • Jul-23: £12,883
    Jul-23: £13,020
  • Aug-23: £12,685
    Aug-23: £12,911
  • Sep-23: £12,560
    Sep-23: £12,780
  • Oct-23: £12,255
    Oct-23: £12,555
  • Nov-23: £12,785
    Nov-23: £13,075
  • Dec-23: £13,346
    Dec-23: £13,559
  • Jan-24: £13,295
    Jan-24: £13,604
    2024
  • Feb-24: £13,488
    Feb-24: £13,972
  • Mar-24: £13,848
    Mar-24: £14,297
  • Apr-24: £13,680
    Apr-24: £13,993
  • May-24: £13,796
    May-24: £14,238
  • Jun-24: £14,054
    Jun-24: £14,540
  • Jul-24: £14,092
    Jul-24: £14,650
  • Aug-24: £14,208
    Aug-24: £14,730
  • Sep-24: £14,388
    Sep-24: £14,819
  • Oct-24: £14,324
    Oct-24: £14,911
  • Nov-24: £14,594
    Nov-24: £15,424
  • Dec-24: £14,465
    Dec-24: £15,291
  • Jan-25: £14,890
    Jan-25: £15,700
    2025
  • Feb-25: £14,735
    Feb-25: £15,595
  • Mar-25: £14,298
    Mar-25: £14,981
2020 2025

March 2020 to
March 2021		March 2021 to
March 2022		March 2022 to
 March 2023		March 2023 to
March 2024		March 2024 to
March 2025
This fund22.7%4.9%-2.9%10.8%3.3%
Performance Comparator*22.7%5.6%-2.8%13.5%4.8%
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 60% shares and 40% 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, it runs from 31 March 2020 to 31 March 2025, bid to bid with net income reinvested.

Key information

In our important documents you’ll see our Balanced Growth approach referred to as the Virgin Money Growth Fund 2. Before applying, please make sure you’ve read the following:

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