VSMGX — Vanguard Lifestrategy Moderate Growth Fund, Investor Shares
Data updated: 2026-09-28
VSMGX — Vanguard Lifestrategy Moderate Growth Fund, Investor Shares. 0.10% expense ratio · since 1994. Holdings, fees, performance and SEC filings.
VSMGX Fund Overview
VSMGX — Vanguard Lifestrategy Moderate Growth Fund, Investor Shares is a US mutual fund managed by Vanguard Star Funds, categorised as United States Multi-Cap / All-Cap Blend / Core 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 Star Funds
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $24.19B
- 1-year return: 14.4%
- Ticker: VSMGX
- SEC CIK: 0000736054
- SEC series ID: S000002930
- Share class ID: C000008018
VSMGX Investment Objective and Strategy
Vanguard Lifestrategy Moderate Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Vanguard Star Funds.
Investment objective
The Fund seeks to provide capital appreciation and a low to moderate level of current income.
Principal investment strategy
The Fund invests in other Vanguard mutual funds according to a fixed formula that reflects an allocation of approximately 60% of the Fund's assets to common stocks and 40% to bonds. The targeted percentage of the Funds assets allocated to each of the underlying funds is: ? Vanguard Total Stock Market Index Fund 36% ? Vanguard Total Bond Market II Index Fund 28% ? Vanguard Total International Stock Index Fund 24% ? Vanguard Total International Bond Index Fund 12% The Fund's indirect stock holdings are a diversified mix of U.S. and foreign large-, mid-, and small-capitalization stocks. The Fund's indirect bond holdings are a diversified mix of short-, intermediate-, and long-term U.S. government, U.S. agency, and investment-grade U.S. corporate bonds; mortgage-backed and asset-backed securities; and government, agency, corporate, and securitized investment-grade foreign bonds issued in currencies other than the U.S.
dollar (but hedged by Vanguard to minimize foreign currency exposure).
VSMGX Holdings
Top 5 holdings of Vanguard Lifestrategy Moderate Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Vanguard Morningstar Total Stock Market Index Fund | 36.76% |
| Vanguard Total Bond Market II Index Fund | 26.63% |
| Vanguard Total International Stock Index Fund | 24.63% |
| Vanguard Total International Bond II Index Fund | 11.13% |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 0.71% |
VSMGX Portfolio Allocation
Asset-class allocation of Vanguard Lifestrategy Moderate Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.2% |
| Cash & Equivalents | 0.7% |
VSMGX Performance
Total returns for VSMGX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 6.74% |
| 1 year | 14.43% |
| 3 years (annualised) | 12.34% |
| 5 years (annualised) | 6.28% |
VSMGX Risk Information
Risk metrics for VSMGX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.77%
VSMGX Costs and Fees
VSMGX costs about $10 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.10%
- Gross expense ratio: 0.10%
- Portfolio turnover: 8%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
VSMGX Cashflows
Over the 12 months to 2026-07, Vanguard Lifestrategy Moderate Growth Fund had net inflows of $50.46M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | −$10.16M |
| 2026-06 | $171.22M |
| 2026-05 | −$99.59M |
| 2026-04 | −$71.83M |
| 2026-03 | −$183.03M |
| 2026-02 | −$19.77M |
VSMGX Debt Constituents
No individual debt constituents are reported in Vanguard Lifestrategy Moderate Growth Fund's latest SEC N-PORT filing.
VSMGX Prospectus and SEC Filings
Official Vanguard Lifestrategy Moderate Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-28
- Prospectus supplement (497) — filed 2026-02-02
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-31
- Annual census (N-CEN) — filed 2026-01-12
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core 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.