Vanguard STAR Fund
VGSTX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- PO Box 2600 Valley Forge PA United States of America 19482
- IPO Date
- Mar 29, 1985
- CIK
- 0000736054
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard STAR Fund (VGSTX) is an actively managed open-end fund of funds sponsored by The Vanguard Group, Inc., that seeks long-term capital appreciation and income through a balanced allocation of 60% to 70% of its assets in equity mutual funds and 30% to 40% in fixed income mutual funds. The fund invests exclusively in other Vanguard mutual funds, providing investors with diversified exposure to large-capitalization U.S. stocks, smaller international equities, investment-grade and high-yield bonds, U.S. Treasury and agency securities, mortgage-backed securities, and emerging market debt; its equity underlying funds historically include Vanguard Windsor Fund (VWNDX), Vanguard Windsor II Fund (VWNFX), Vanguard PRIMECAP Fund (VPMCX), Vanguard U.S. Growth Fund (VWUSX), Vanguard International Value Fund (VTRIX), and Vanguard International Growth Fund (VWIGX), while fixed income holdings previously encompassed Vanguard GNMA Fund (VFIIX), Vanguard Short-Term Investment-Grade Fund (VFSTX), and Vanguard Long-Term Investment-Grade Fund (VWESX). Launched on March 29, 1985, and headquartered in Malvern, Pennsylvania, the fund targets long-term retail and institutional investors seeking a low-cost (0.30% net expense ratio), moderate-risk balanced portfolio with global moderate allocation characteristics and total net assets exceeding $23 billion. In December 2024, Vanguard announced significant portfolio allocation changes, effective beginning in the first quarter of 2025, to enhance style balance, reduce risk, and increase fixed income flexibility while preserving the fund's core 60%/40% stock/bond target and investment objective. Equity adjustments introduce Vanguard Dividend Growth Fund (VDIGX) and Vanguard International Core Stock Fund (VWICX), alongside maintaining a 70% U.S./30% non-U.S. split, while eliminating Vanguard Explorer Fund (VEXPX); these shifts aim to mitigate growth tilt and international value/growth biases observed over the prior decade. On the fixed income side, the strategy replaces prior bond funds with the newly launched Vanguard STAR Core-Plus Bond Fund (VCPSX), exclusive to VGSTX, which adopts a core-plus approach spanning investment-grade, high-yield (targeting 12% exposure), and emerging markets bonds to pursue alpha via credit quality, maturity, and rate factors, alongside shortening duration to approximately 2 years below prior levels for peer alignment. The fund's composite benchmark updates to reflect these changes, incorporating 43.75% MSCI U.S. Broad Market Index, 37.5% Bloomberg U.S. Universal Index, and 18.75% MSCI ACWI ex USA Index (withholding tax-adjusted).