Vanguard LifeStrategy Funds

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

How much risk are you comfortable taking for the potential reward?

Studies have shown that your asset allocation has a bigger impact on your long-term returns than any specific fund you pick. So why not pick a Vanguard LifeStrategy® Fund that has asset allocation built in?

Each is designed—in varying degrees—to help you manage risk while trying to grow your savings. These funds offer you:

Less risk through broader diversification

Each fund invests in Vanguard's broadest index funds, giving you access to thousands of U.S. and international stocks and bonds, including exposure to the major market sectors and segments.

Automatic rebalancing

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

Low costs

On average, Vanguard LifeStrategy Fund expense ratios are about one-seventh the cost of their peers—that's a savings of more than 85%!*

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

Which LifeStrategy Fund is best for you?

 LifeStrategy Income FundLifeStrategy Conservative Growth FundLifeStrategy Moderate Growth FundLifeStrategy Growth Fund
For investors who:

Care most about current income.

Accept the limited growth potential that comes with limited exposure to stock market risk.

Get details on LifeStrategy Income Fund

Care more about current income than long-term growth.

Want some growth potential but with less exposure to stock market risk.

Get details on LifeStrategy Conservative Growth Fund

Care more about long-term growth than current income.

Want more growth potential and accept added exposure to stock market risk.

Get details on LifeStrategy Moderate Growth Fund

Care most about long-term growth.

Accept significant exposure to stock market risk in exchange for more growth potential.

Get details on LifeStrategy Growth Fund

Investment time horizon3 to 5 yearsMore than 5 yearsMore than 5 yearsMore than 5 years
RiskLow to moderateModerateModerate to highHigh
Target allocation''

20% stocks

80% bonds

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40% stocks

60% bonds

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60% stocks

40% bonds

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80% stocks

20% bonds

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*Vanguard LifeStrategy Funds average expense ratio: 0.16%. Industry average expense ratio for comparable life-cycle funds: 1.10%. Sources: Vanguard and Lipper, a Thomson Reuters Company, as of December 31, 2013.

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.

Nonretirement accounts, Roth and traditional IRAs, SEP-IRAs, UGMA/UTMA accounts, and education savings accounts (ESAs)
We charge a $20 annual account service fee for each Vanguard fund with a balance of less than $10,000 in an account. This fee doesn't apply if you sign up for account access on vanguard.com and choose electronic delivery of statements, confirmations, reports, prospectuses, and other important documents. This fee is automatically waived for Voyager, Voyager Select, Flagship, and Flagship Select Services clients.

SIMPLE IRAs
We charge participants a $25 annual account service fee for each fund they hold in their Vanguard SIMPLE IRA. This fee is automatically waived for Voyager, Voyager Select, Flagship, and Flagship Select Services clients.

403(b)(7) plans
We charge participants a $15 annual account service fee for each fund they hold in their Vanguard 403(b)(7) account. This fee is automatically waived for Voyager, Voyager Select, Flagship, and Flagship Select Services clients.

Individual 401(k) plans
We charge participants a $20 annual account service fee for each fund they hold in their Vanguard Individual 401(k) account. This fee is automatically waived for everyone in the plan if at least one participant is a Voyager, Voyager Select, Flagship, or Flagship Select Services client.

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