MUTUAL FUNDS

LifeStrategy Funds

Decide how you want to divide your money between stocks and bonds—then let the fund do the work.

Ready to invest in a LifeStrategy Fund?

Find out which LifeStrategy Fund is best for you

Asset allocation—the mix of stocks, bonds, and cash held in your portfolio—can have a big impact on your long-term returns. So why not pick a fund with an asset allocation that fits your goals, time horizon, and risk tolerance? Vanguard LifeStrategy® Funds are designed to help you manage risk while growing your savings.

LifeStrategy Income Fund

You may be interested in this fund if you care mostly about current income and accept the limited growth potential that comes with less exposure to stock market risk.

View LifeStrategy Income Fund >

LifeStrategy Conservative Growth Fund

You may be interested in this fund if you care about current income more than long-term growth, but still want some growth potential with less exposure to stock market risk.

View LifeStrategy Conservative Growth Fund >

LifeStrategy Moderate Growth Fund

You may be interested in this fund if you care about long-term growth more than current income and want more growth potential while accepting higher exposure to stock market risk.

View LifeStrategy Moderate Growth Fund >

LifeStrategy Growth Fund

You may be interested in this fund if you care about long-term growth and are willing to accept significant exposure to stock market risk in exchange for more growth potential.

View LifeStrategy Growth Fund >

Compare these funds at a glance

Fund name	Investment time horizon	Target allocation	Risk potential
VASIX LifeStrategy Income Fund	3 to 5 years	20% stocks 80% bonds	2
VSCGX LifeStrategy Conservative Growth Fund	More than 5 years	40% stocks 60% bonds	3
VSMGX LifeStrategy Moderate Growth Fund	More than 5 years	60% stocks 40% bonds	3
VASGX LifeStrategy Growth Fund	More than 5 years	80% stocks 20% bonds	4

Not sure which asset allocation is right for you? Take the investor questionnaire >

Compare these funds at a glance

Fund name
VASIX
LifeStrategy Income Fund

Investment time horizon
3 to 5 years

Target allocation
20% stocks
80% bonds

Risk potential
2

Fund name
VSCGX
LifeStrategy Conservative Growth Fund

Investment time horizon
More than 5 years

Target allocation
40% stocks
60% bonds

Risk potential
3

Fund name
VSMGX
LifeStrategy Moderate Growth Fund

Investment time horizon
More than 5 years

Target allocation
60% stocks
40% bonds

Risk potential
3

Fund name
VASGX
LifeStrategy Growth Fund

Investment time horizon
More than 5 years

Target allocation
80% stocks
20% bonds

Risk potential
4

Not sure which asset allocation is right for you? Take the investor questionnaire >

LifeStrategy Funds can help you:

Lower your risk through diversification

Each fund invests in thousands of U.S. and international stocks and bonds, including exposure to major market sectors and segments.

Save time

Each fund is professionally managed to maintain its specific asset allocation, freeing you from the hassle of ongoing rebalancing.

Lower costs

The average Vanguard LifeStrategy Fund expense ratio is 79% less than the industry average.*

When you're paying less for your funds, more money stays in your account to work for you.

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You can choose to add both to your portfolio. See why it matters.

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How much should you invest in stocks or bonds?

See how 9 model portfolios have performed in the past.

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Ready to invest in a Lifestrategy Fund?

New to Vanguard or looking to consolidate your savings?

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Ready to invest in a Lifestrategy Fund?

New to Vanguard or looking to consolidate your savings?

Open or transfer accounts

Already a Vanguard client?
Log in to view your account.

*Vanguard average LifeStrategy Funds expense ratio: 0.13%. Industry average expense ratio for comparable balanced funds: 0.62%. Industry averages exclude Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2022.

All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss.

Each LifeStrategy Fund invests in four broadly diversified Vanguard funds and is subject to the risks associated with those underlying funds.

There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income.