Vanguard LifeStrategy 20% Equity UCITS ETF EUR Acc

The Fund seeks to provide a combination of income and some long-term capital appreciation by investing in fixed income and equity securities, primarily through investment in other collective investment schemes. The Fund will seek to achieve its investment objective by gaining exposure to a diversified portfolio composed approximately of 20% by value of equity securities and 80% by value of fixed income securities, which will, subject to the requirements of the Central Bank, be obtained predominantly via direct investment in passively managed exchange traded funds (ETFs) or other collective investment schemes which track an index (together the Target Funds).