VCIP: Vanguard Conservative Income ETF Portfolio

At a glance

Target mix: 20% stocks / 80% bonds
Total assets: $254M as of Jul 31, 2026
Management fee (current): 0.17%
Total fund costs (reported): 0.22%

Overview

The Vanguard Conservative Income ETF Portfolio is the 20% stock option in Vanguard's asset-allocation suite. Start with the asset allocation you can hold through changing markets, then compare funds built for that target. Vanguard may rebalance this portfolio from time to time at the sub-advisor's discretion.

Its current management fee fell to 0.17% on November 18, 2025. The latest 0.22% management expense ratio (MER) and 0.00% trading expense ratio (TER) cover the period ended March 31, 2026. Vanguard says the MER does not yet reflect the fee cut. Distributions are scheduled quarterly, which does not measure the fund's return.

Portfolio and costs

Target allocation

Stocks: 20%
Fixed income: 80%The long-term strategic allocation targets approximately 20% equity and 80% fixed income.

Costs

Management fee (current): 0.17%The current management fee is 0.17%, reduced from 0.22% on November 18, 2025.
Management expense ratio (MER): 0.22%
Trading expense ratio (TER): 0%
Total fund costs (reported): 0.22%MER + TER. The 0.22% MER and 0.00% TER are historical ratios for the period ended March 31, 2026, not the current management fee. Period ended March 2026.

Fund facts

Ticker: TSX: VCIP
Inception: January 29, 2019
Total assets: $254,000,000 CADThe factsheet displays total net assets as $254 million; this CAD amount preserves that rounded million-level source precision.
Distributions: QuarterlyThe ETF schedules distributions quarterly.

How the portfolio is managed

Construction: Invests directly or indirectly through underlying broad-based equity and fixed-income index funds.
Rebalancing: The sub-advisor may reconstitute and rebalance the asset mix from time to time at its discretion; the reviewed sources do not publish a fixed schedule or threshold.
Currency hedging: The July 31 allocation identifies the U.S. and global ex-U.S. aggregate bond sleeves as CAD-hedged, while foreign-equity sleeves are listed without that designation. The underlying CAD-hedged bond ETFs seek to hedge foreign-currency exposure to CAD but may not be fully hedged at all times.