Venerable Moderate Allocation Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Venerable Moderate Allocation Fund held 4 positions with $2.09B in net assets. Its ten largest holdings made up 100.0% of the fund. The VMAVX share class costs 0.89% a year. Over the 12 months to May 2026, VMAVX returned 16.7%, with dividends reinvested. In 2026 Q2 it added no new positions and exited none.
The Venerable Moderate Allocation Fund (the "Fund") seeks, over the long-term, total investment return consistent with the preservation of capital.
The fund is a fund of funds that invests in underlying equity and fixed income funds, targeting a 60% equity and 40% fixed income allocation. Day-to-day portfolio management is delegated to Russell Investment Management, LLC, which adjusts allocations based on economic outlook, market valuations, and correlations among the underlying funds. The adviser may modify the target allocation and underlying funds without shareholder approval. Actual allocations may diverge from targets due to market movements and gradual implementation of allocation changes.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Venerable US Large Cap Core Equity Fund | 30.14% | $631.30M | 55.4M | $11.39 |
Venerable US Large Cap Strategic Equity Fund | 30.12% | $630.89M | 50.9M | $12.39 |
Venerable High Yield Fund | 19.91% | $416.94M | 41.9M | $9.94 |
Venerable Strategic Bond Fund | 19.85% | $415.71M | 43.1M | $9.65 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 4 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 | 60.82% |
| Bonds | 31.61% |
| Securitized | 10.59% |
| Derivatives | 0.01% |
Look-through blends 4 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
How it has done
VMAVX share class · total returns with dividends reinvested
Volatility over the last 12 months: 7.99%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is 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
Venerable Moderate Allocation 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
- 0.89%· VMAVX 0.89%
- Portfolio turnover
- 36.00% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
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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