VANGUARD LIFESTRATEGY MODERATE GROWTH FUND

VANGUARD STAR FUNDS · 1 share class

Actively managed U.S. equity fund
One fund, 1 share class:VSMGX
$23.89B NAV
7 positions · as of 2026-04-30 · filed 2026-06-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

VANGUARD LIFESTRATEGY MODERATE GROWTH FUND is an actively managed U.S. equity fund.

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund
Features
Fund of funds

Fund profile

As filed in the prospectus · 2025 Q1

Vanguard LifeStrategy Moderate Growth Fund (the Fund) seeks to provide capital appreciation and a low to moderate level of current income.

Strategy · summarised

The fund invests in a diversified portfolio of Vanguard mutual funds allocated approximately 60% to stocks and 40% to fixed income, targeting 36% U.S. stocks, 24% foreign stocks, 28% U.S. fixed income, and 12% foreign fixed income. Stock holdings span U.S. and foreign large-, mid-, and small-capitalization companies, while fixed income includes government, corporate, and securitized bonds across maturities, with foreign bonds hedged to reduce currency risk.

Expenses
0.10%one share class
Share classExpense ratioAs of
VSMGX0.10%2026 Q1

Portfolio turnover 8.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

101.14%
of net assets
Stocks61.41%
Bonds31.32%
Securitized5.49%
Cash & short-term3.11%
Derivatives-0.19%

Look-through blends 4 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.

The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 2 new2 exited

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+20.27%
3-year
+45.49%
5-year
+36.86%
Volatility
8.64%
Worst 3-yr fall
-7.43%
Cumulative return· May 2023 – Apr 2026

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Vanguard Total Stock Market Index Fund36.60%$8.74B
Vanguard Total Bond Market II Index Fund26.39%$6.30B
Vanguard Total International Stock Index Fund25.19%$6.02B
Vanguard Total International Bond II Index Fund11.04%$2.64B
Vanguard Cmt Funds-Vanguard Market Liquidity Fund0.64%$152.37M
N/A0.03%$6.49M
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Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.

Top 10 positions are 99.89% of net assets, top 25 99.89%, across 6 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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