VANGUARD STAR FUND
Actively managed U.S. stock fund
As of its 2026 Q2 report, VANGUARD STAR FUND held 10 positions with $23.63B in net assets. Its ten largest holdings made up 100.0% of the fund. The VGSTX share class costs 0.29% a year. Over the 12 months to May 2026, VGSTX returned 18.5%, with dividends reinvested. In 2026 Q3 it added no new positions and exited none.
Vanguard STAR Fund (the Fund) seeks to provide long-term capital appreciation and income.
The fund is a fund of funds that invests in a diversified portfolio of other Vanguard mutual funds rather than holding securities directly, maintaining a balanced allocation of 60–70% in stocks through actively managed underlying stock funds and 30–40% in bonds through an actively managed underlying bond fund. The underlying stock holdings emphasize large-capitalization domestic companies with some international diversification, while the underlying bond holdings span investment-grade and below-investment-grade corporate bonds, government and agency securities, non-U.S. bonds including emerging market issuers, and mortgage-backed and asset-backed securities with dollar-weighted average maturities typically between 4 and 12 years. Because the fund's returns depend on the performance of the underlying funds selected, divergence from the fund's stated allocation targets may occur.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Vanguard Star Core-Plus Bond F | 36.07% | $8.52B | 848.2M | $10.05 |
Vanguard Windsor II Fund | 14.21% | $3.36B | 67.8M | $49.48 |
Vanguard US Growth Fund | 11.66% | $2.76B | 37.2M | $74.06 |
Vanguard Windsor Fund | 8.50% | $2.01B | 87.0M | $23.09 |
Vanguard PRIMECAP Fund | 6.70% | $1.58B | 8.0M | $197.68 |
Vanguard International Value Fund | 6.35% | $1.50B | 33.5M | $44.84 |
Vanguard International Growth Fund | 6.34% | $1.50B | 40.9M | $36.68 |
Vanguard International Core Stock Fund | 6.29% | $1.49B | 80.0M | $18.58 |
Vanguard Dividend Growth Fund | 3.87% | $913.38M | 29.8M | $30.66 |
Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 0.00% | $0.09M | — | — |
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.
All 10 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.48% |
| Cash & short-term | 1.65% |
| Derivatives | 0.02% |
Look-through blends 8 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
How it has done
VGSTX share class · total returns with dividends reinvested
Volatility over the last 12 months: 8.53%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
VANGUARD STAR 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
- Expense ratio, by class
- 0.29%· VGSTX 0.29%
- Portfolio turnover
- 56.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
0 new
0 exited
Understand how this fund fits with the rest.
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