VSCGX Vanguard LifeStrategy Conservative Growth Fund

Management style

Index

Asset class

Balanced

Category

Conservative Allocation

Risk / reward scale

Start of Risk Scale. On a scale of 1 to 5, 1 is less risk less reward, 5 is more risk more reward
The fund risk level is a 3

Less

More

End of Risk Scale.

Acquired fund fees and expenses1

0.12%

as of 02/28/2025

as of 05/31/2025

Investment minimum

$3,000

as of 06/16/2025

NAV price

$21.27

as of 06/16/2025

Overview

Key facts

CUSIP

921909305

Management style

Index

Asset class

Balanced

Category

Conservative Allocation

Inception date

09/30/1994

Fund Number

0724

Ratings

Risk / reward scale

Start of Risk Scale. On a scale of 1 to 5, 1 is less risk less reward, 5 is more risk more reward
The fund risk level is a 3

Less

More

End of Risk Scale.
Price

Minimum Investment

$3,000

NAV Price

$21.27

as of 06/16/2025

NAV change

increased$0.06 (0.28%)

as of 06/16/2025

Acquired fund fees and expenses2

0.12%

as of 02/28/2025

Performance

YTD returns

4.73%

as of 06/16/2025

Product summary

The LifeStrategy Funds are a series of broadly diversified, low-cost funds with an all-index, fixed allocation approach that may provide a complete portfolio in a single fund. The four funds, each with a different allocation, target various risk-based objectives. The Conservative Growth Fund seeks to provide current income and low to moderate capital appreciation. The fund holds 60% of its assets in bonds, a portion of which is allocated to international bonds, and 40% in stocks, a portion of which is allocated to international stocks. Investors with a long-term time horizon who can accept modest movement in share price and can tolerate the risk that comes from the volatility of the stock and bond markets may wish to consider this fund.

Please note: The Lifestrategy funds are subject to the risks of their underlying funds.

Fund management

Vanguard Equity Index Group

Performance & fees

Total returns
Month-end/Quarterly Pre-Tax Toggle

as of 05/31/2025

Recent returns

Average annual

Month-end3-Month totalYTD1-yr3-yr5-yr10-yr

Since inception

09/30/1994

VSCGX

2.03%1.37%3.80%8.89%5.99%4.93%4.95%6.48%

Benchmark

2.05%1.44%3.75%9.09%6.22%5.18%5.22%6.49%

as of 03/31/2025

Year1st Qtr2nd Qtr3rd Qtr4th QtrYear-end

Benchmark

20250.79%
20242.71%0.90%5.74%-1.86%7.54% 7.71%
20234.80%2.03%-2.99%8.43%12.48% 12.69%
2022-5.67%-9.05%-5.29%4.62%-14.99% -14.50%
20210.21%3.77%-0.46%2.46%6.05% 6.25%
2020-8.00%9.68%3.72%6.55%11.51% 12.27%
20196.75%3.20%1.65%3.30%15.68% 15.94%
2018-0.65%0.51%1.69%-4.42%-2.95% -2.88%
20173.07%2.32%2.51%2.61%10.92% 11.11%
20162.26%2.13%2.49%-1.01%5.96% 6.11%
20152.07%-1.07%-2.77%1.67%-0.17% 0.08%

as of 12/31/2024

Year

Capital return by NAV

Income return by NAV

Total return by NAV

Benchmark

20244.24% 3.30%7.54%7.71%
20239.22% 3.26%12.48%12.69%
2022-16.68% 1.69%-14.99%-14.50%
20214.01% 2.04%6.05%6.25%
20209.48% 2.04%11.51%12.27%
201912.69% 3.00%15.68%15.94%
2018-5.43% 2.48%-2.95%-2.88%
20178.46% 2.46%10.92%11.11%
20163.64% 2.32%5.96%6.11%
2015-2.27% 2.10%-0.17%0.08%
20144.70% 2.25%6.95%7.12%
20136.92% 2.16%9.08%9.40%
20126.71% 2.48%9.19%9.33%
2011-0.60% 2.36%1.76%2.45%
20108.36% 2.78%11.14%10.34%

as of 05/31/2025

1-yr3-yr5-yr10-yr

Since inception

09/30/1994

VSCGX8.89% 19.07%27.21% 62.19% 586.78%

Benchmark

9.09%19.84%28.74%66.33%

Acquired fund fees and expenses4

VSCGX

0.12%

Average expense ratio of similar funds5

0.76%

Historical volatility measures
as of 05/31/2025
BenchmarkR-Squared6Beta6
Conservative Growth Composite Index31.001.01
Dow Jones U.S. Total Stock Market Index0.830.52
Fund-specific fees

Purchase fee

None

Fund family redemption fee

None

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited.

Performance data do not reflect the deduction of the $25 annual account service fee that may be applied to certain accounts. If this fee was included, performance would be lower.

Price

Closing price

Closing price as of 06/16/2025

NAV

$21.27

NAV change

increased$0.06 (0.28%)

52-week High

$22.07

as of 12/06/2024

52-week Low

$19.55

as of 04/08/2025

52-week Difference

$2.52 (12.89%)

30 day SEC yield

3.12%

 

B SEC yield footnote code

 

as of 05/31/2025

Historical prices
Chart/Table Toggle
NameDateNAV
VSCGX 06/16/2025
$21.27

This chart can’t be displayed on mobile devices. For the best viewing experience, visit this page from your desktop or laptop.

Portfolio composition

Allocation to underlying funds

as of 05/31/2025

Characteristics

as of 05/31/2025

FundamentalVSCGX
Benchmark
Fund total net assets as of 05/31/2025 $10.3 B
Asset allocation

as of 05/31/2025

41.25%Stock
Asset class VSCGXStock 41.25%Bond 58.10%Short term reserves 0.65%
Stylebox

Equity

Market Captialization Large Investment Style Blend

Fixed Income

Quality

Trsy/
Agcy
Inv Grd
Corp
Below
Inv
Grade

Duration

Short

Medium

Long

Distributions

Realized/Unrealized gains

as of 05/31/2025

Realized gain

$0.21

% of NAV

increased1.01%

Unrealized gains of NAV

$4.66

% of NAV

increased22.13%

Fiscal year end

10/31/2025

Distribution schedule

Quarterly

How your fund can affect your taxes

A fund's capital gains and losses can reveal the tax implications of holding a particular fund in a taxable account. This is true of both realized and unrealized capital gains and losses.

These tax implications don't apply to investors holding a fund in a tax-deferred account, such as an IRA or employer-sponsored retirement plan.

Learn about realized and unrealized gains and losses

How your fund can affect your taxes

A fund's capital gains and losses can reveal the tax implications of holding a particular fund in a taxable account. This is true of both realized and unrealized capital gains and losses.

These tax implications don't apply to investors holding a fund in a tax-deferred account, such as an IRA or employer-sponsored retirement plan.

Learn about realized and unrealized gains and losses
Dividend income and capital gains
Type$/Share Payable date Record date Reinvest date Reinvest price
Dividend$0.13210003/31/202503/27/202503/28/2025$20.45
Dividend$0.25810012/31/202412/27/202412/30/2024$20.47
ST Cap Gain$0.02782012/31/202412/27/202412/30/2024$20.47
LT Cap Gain$0.76740112/31/202412/27/202412/30/2024$20.47
Dividend$0.13640009/30/202409/26/202409/27/2024$21.90
Dividend$0.15730007/01/202406/27/202406/28/2024$20.84
Dividend$0.11130003/28/202403/26/202403/27/2024$20.82
Dividend$0.26210012/28/202312/26/202312/27/2023$20.44
ST Cap Gain$0.00265512/28/202312/26/202312/27/2023$20.44
LT Cap Gain$0.46786112/28/202312/26/202312/27/2023$20.44

Fund management

Vanguard LifeStrategy® Conservative Growth Fund is one of four Vanguard funds that use target allocation as a simplified approach to meeting investors’ different objectives and risk tolerances. Rooted in asset allocation theory, Vanguard LifeStrategy Conservative Growth Fund seeks to provide current income and low to moderate capital appreciation by investing in four other Vanguard funds: 42% Total Bond Market II Index Fund; 24% Total Stock Market Index Fund; 18% Total International Bond Index Fund/Total International Bond II Index Fund; and 16% Total International Stock Index Fund. The combination of four Vanguard funds produces a portfolio that is highly diversified by asset class and holdings.

 

Vanguard Equity Index Group
Launched in 1975, The Vanguard Group, Malvern, Pennsylvania, is among the world’s largest equity and fixed income managers. As chief investment officer, Gregory Davis, CFA, oversees Vanguard’s Equity Index, Investment Strategy, Quantitative Equity, and Fixed Income Groups. Rodney Comegys, Principal and global head of Vanguard's Equity Index Group, is responsible for all equity index funds. The Equity Index Group manages indexed equity portfolios covering U.S. and international markets. It has developed sophisticated portfolio construction methodologies and efficient trading strategies that seek to deliver returns that are highly correlated with target portfolio benchmarks.  The group has advised Vanguard Lifestrategy Conservative Growth Fund since 2022.
Michael R. Roach
CFA, Portfolio manager.
Advised the fund since 2023. Worked in investment management since 2000. B.S., Bloomsburg University of Pennsylvania. M.S., Drexel University.
Walter Nejman
Portfolio manager.
Advised the fund since 2022. Worked in investment management since 2008. B.A., Arcadia University. M.B.A., Villanova University.
Aurelie Denis
CFA, Portfolio manager.
Advised the fund since 2023. Worked in investment management since 2017. B.S., Pennsylvania State University.
Roger Aliaga-Diaz
Ph.D., Principal Portfolio manager, Investment Strategy Group.
Advised the fund since 2023. Worked in investment management since 2010. B.A., Universidad Nacional de Córdoba. Ph.D., North Carolina State University.

Dashboard

1

The acquired fund fees and expenses based on the fees and expenses of the underlying funds.

Overview

2

The acquired fund fees and expenses based on the fees and expenses of the underlying funds.

Performance & fees

3
Weighted 42% Bloomberg U.S. Aggregate Float Adjusted Index, 24% CRSP US Total Market Index, 18% Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index, and 16% FTSE Global All Cap ex US Index as of July 1, 2015. In prior periods, the composite was 48% Bloomberg U.S. Aggregate Float Adjusted Index, 28% CRSP US Total Market Index, 12% Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index, and 12% FTSE Global All Cap ex US Index through June 30, 2015; 60% Bloomberg U.S. Aggregate Float Adjusted Index, 28% MSCI US Broad Market Index, and 12% MSCI ACWI ex USA IMI Index through June 2, 2013; 40% Bloomberg U.S. Aggregate Float Adjusted Index, 28% MSCI US Broad Market Index, 20% Bloomberg U.S. 1–3 Year Credit Bond Index, and 12% MSCI ACWI ex USA IMI Index through November 30, 2011; 40% Bloomberg U.S. Aggregate Bond Index (with the Bloomberg U.S. Aggregate Float Adjusted Index used after December 31, 2009), 35% MSCI US Broad Market Index, 20% Bloomberg U.S. 1–3 Year Credit Bond Index, and 5% MSCI EAFE Index through December 15, 2010; 40% Bloomberg U.S. Aggregate Bond Index, 35% Dow Jones U.S. Total Stock Market Index, 20% Bloomberg U.S. 1–3 Year Credit Bond Index, and 5% MSCI EAFE Index through April 22, 2005; and 40% Bloomberg U.S. Aggregate Bond Index, 35% Dow Jones U.S. Total Stock Market Index, 20% Citigroup 3-Month Treasury Bill Index, and 5% MSCI EAFE Index through August 31, 2003. International stock benchmark returns are adjusted for withholding taxes.
4

The acquired fund fees and expenses based on the fees and expenses of the underlying funds.

5

Most recent data available. © 2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; (3) does not constitute investment advice offered by Morningstar; and (4) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

6

R-squared and beta are calculated from trailing 36-month fund returns relative to the associated benchmark.

Portfolio composition

7
Weighted 42% Bloomberg U.S. Aggregate Float Adjusted Index, 24% CRSP US Total Market Index, 18% Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index, and 16% FTSE Global All Cap ex US Index as of July 1, 2015. In prior periods, the composite was 48% Bloomberg U.S. Aggregate Float Adjusted Index, 28% CRSP US Total Market Index, 12% Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index, and 12% FTSE Global All Cap ex US Index through June 30, 2015; 60% Bloomberg U.S. Aggregate Float Adjusted Index, 28% MSCI US Broad Market Index, and 12% MSCI ACWI ex USA IMI Index through June 2, 2013; 40% Bloomberg U.S. Aggregate Float Adjusted Index, 28% MSCI US Broad Market Index, 20% Bloomberg U.S. 1–3 Year Credit Bond Index, and 12% MSCI ACWI ex USA IMI Index through November 30, 2011; 40% Bloomberg U.S. Aggregate Bond Index (with the Bloomberg U.S. Aggregate Float Adjusted Index used after December 31, 2009), 35% MSCI US Broad Market Index, 20% Bloomberg U.S. 1–3 Year Credit Bond Index, and 5% MSCI EAFE Index through December 15, 2010; 40% Bloomberg U.S. Aggregate Bond Index, 35% Dow Jones U.S. Total Stock Market Index, 20% Bloomberg U.S. 1–3 Year Credit Bond Index, and 5% MSCI EAFE Index through April 22, 2005; and 40% Bloomberg U.S. Aggregate Bond Index, 35% Dow Jones U.S. Total Stock Market Index, 20% Citigroup 3-Month Treasury Bill Index, and 5% MSCI EAFE Index through August 31, 2003. International stock benchmark returns are adjusted for withholding taxes.
8

Alternative minimum tax (AMT) percentage represents the fund's income subject to the AMT as of the date indicated.

9
Information on this fund can be found on Vanguard's Institutional Investors site.

© 2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Vanguard average mutual fund expense ratio: 0.09%. Industry average mutual fund expense ratio: 0.50%. All averages are asset-weighted. Industry average excludes Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2023.

Total returns: Short-term total return information is provided only as a service. Historical performance—particularly short-term performance—is no guarantee of future returns. Price, yield, and return on an actual investment will fluctuate, and you may have a gain or loss when you sell. Average annual returns include changes in price and reinvestments of dividends and capital gains. Since-inception returns for less than 1 year and year-to-date returns aren't annualized. Index performance is provided as a benchmark but isn't illustrative of any particular investment. You can't invest in an index.

Standardized returns: To see quarterly fee-adjusted returns, refer to the Price & Performance details.

Expense ratios: Expense ratios are displayed on Overview. For investments that are less than 1 fiscal year old, expense ratios are estimated.

Risk: All investing is subject to risk, including the possible loss of the money you invest. Funds that concentrate on a relatively narrow market sector face the risk of higher share-price volatility. Investments in stocks or bonds issued by non-U.S. companies are subject to risks including country/regional risk and currency risk.

The fund is subject to several stock and bond market risks, any of which could cause an investor to lose money. However, based on the fund’s current allocation between stocks and the less volatile asset class of bonds, the fund’s overall level of risk should be higher than those funds that invest the majority of their assets in bonds, but lower than those investing entirely in stocks. Because the fund invests substantially all of its assets in underlying funds, it is subject to underlying fund risk. This means that the fund is exposed to all of the risks associated with the investment strategies and policies of the underlying funds, including the risk that the underlying funds will not meet their investment objectives. In addition to the risks inherent in the asset classes of the underlying funds, the fund also is subject to asset allocation risk, which is the chance that the selection of underlying funds and the allocation of fund assets will cause the fund to underperform other funds with a similar investment objective. For further details on all risks, please refer to the fund’s prospectus.