The fund aims for both income and capital appreciation. To achieve its objectives, the fund targets a long-term strategic allocation of 40/60 in equity and fixed income securities respectively. The fund invests in Vanguard ETFs that provides global, broad-based exposure to equity and fixed income markets. The portfolio may be reconstituted and rebalanced at the discretion of the Sub-advisor. The funds sibling fund VGRO has 80% equity exposure, VBAL has 60% equity exposure, and VCIP has 20% equity exposure.