Balanced Portfolio
Data updated: 2026-08-28
C000012146 — Balanced Portfolio. United States Large Cap Value Equity · $3.97B AUM · 0.20% expense ratio. Holdings, fees, performance and SEC filings.
C000012146 Fund Overview
Balanced Portfolio is a US mutual fund managed by Vanguard Variable Insurance Funds, categorised as United States Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Vanguard Variable Insurance Funds
- Category: United States Large Cap Value Equity
- Assets under management: $3.97B
- 1-year return: 16.2%
- SEC CIK: 0000857490
- SEC series ID: S000004390
- Share class ID: C000012146
C000012146 Investment Objective and Strategy
Balanced Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Vanguard Variable Insurance Funds.
Investment objective
Vanguard Variable Insurance Funds Balanced Portfolio (the Fund) seeks to provide long-term capital appreciation and reasonable current income.
Principal investment strategy
The Fund employs an active management approach, investing 60-70% of its assets in dividend-paying and, to a lesser extent, non-dividend-paying common stocks of established large companies. In choosing these stocks, the advisor seeks durable businesses that appear to be undervalued but have prospects for improvement. These stocks are commonly referred to as value stocks. The remaining 30% to 40% of the Funds assets are invested mainly in fixed income securities that the advisor believes will generate a moderate level of current income. These securities include investment-grade corporate bonds, with some exposure to U.S. Treasury bonds, government agency bonds, and mortgage-backed securities.
C000012146 Holdings
Top 10 holdings of Balanced Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Alphabet Inc | 4.72% |
| NVIDIA Corp | 4.47% |
| Apple Inc | 4.07% |
| Microsoft Corp | 3.05% |
| Amazon.com Inc | 2.74% |
| Broadcom Inc | 2.18% |
| Micron Technology Inc | 1.31% |
| BlackRock Funding Inc/DE | 1.27% |
| Advanced Micro Devices Inc | 1.26% |
| Intel Corp | 1.21% |
C000012146 Portfolio Allocation
Asset-class allocation of Balanced Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 65.1% |
| Fixed Income | 32.0% |
| Cash & Equivalents | 1.4% |
| Securitized | 1.2% |
| Other | 0.2% |
C000012146 Performance
Total returns for C000012146 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 6.5% |
| 1 year | 16.2% |
| 3 years (annualised) | 14.8% |
| 5 years (annualised) | 8.6% |
C000012146 Risk Information
Risk metrics for C000012146, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.0%
C000012146 Costs and Fees
C000012146 costs about $20 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.20%
- Gross expense ratio: 0.20%
- Portfolio turnover: 68%
- Brokerage commissions: 1.34 bps of average net assets (SEC N-CEN)
C000012146 Cashflows
Over the 12 months to 2026-06, Balanced Portfolio had net inflows of $326.97M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$18.19M |
| 2026-05 | −$9.18M |
| 2026-04 | $5.76M |
| 2026-03 | $478.62M |
| 2026-02 | −$25.81M |
| 2026-01 | −$13.75M |
C000012146 Debt Constituents
Largest debt holdings of Balanced Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury Note/Bond | 0.69% |
| United States Treasury Note/Bond | 0.44% |
| United States Treasury Note/Bond | 0.37% |
| United States Treasury Note/Bond | 0.33% |
| United States Treasury Note/Bond | 0.30% |
| United States Treasury Note/Bond | 0.26% |
| United States Treasury Note/Bond | 0.26% |
| State of Illinois | 0.23% |
| United States Treasury Note/Bond | 0.23% |
| United States Treasury Note/Bond | 0.19% |
C000012146 Prospectus and SEC Filings
Official Balanced Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-28
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus (485BPOS) — filed 2024-04-26
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-13
Related Funds
Other United States Large Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.