Vanguard LifeStrategy 80% Equity A Acc

The Fund‟s investment objective is to achieve income and/or capital returns through exposure to a diversified notional portfolio comprised of approximately: i. 80% by value of equity securities; and ii. 20% by value of fixed income securities. The Fund will seek to achieve its investment objective predominantly through investment in passive, index-tracking collective investment schemes which are managed or operated by the ACD or its associates (“Associated Schemes”).