Vanguard LifeStrategy Moderate Growth Fund
VSMGX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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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
- Sep 30, 1994
- CIK
- 0000736054
- Website
- vanguard.com
- Similar Companies
- Business
- Vanguard LifeStrategy Moderate Growth Fund (VSMGX) is an open-end mutual fund that seeks capital appreciation and a reasonable level of current income through a diversified portfolio typically allocated 60% to stocks and 40% to bonds. The fund invests according to a fixed formula in other Vanguard mutual funds, including approximately 35% in Vanguard Total Stock Market Index Fund for broad U.S. equity exposure; 30% in Vanguard Total Bond Market Index Fund for investment-grade U.S. bonds; 25% in Vanguard Asset Allocation Fund for additional balanced holdings; and 10% in Vanguard Total International Stock Index Fund for global equities. Its indirect stock holdings emphasize large-capitalization U.S. stocks with exposure to mid- and small-cap U.S. stocks, foreign stocks, and emerging markets, while bond holdings focus on intermediate-term securities with moderate interest-rate sensitivity and high credit quality; foreign bonds and high-yield bonds represent minor allocations. Launched on September 30, 1994, and managed by The Vanguard Group, Inc., headquartered in Malvern, Pennsylvania, the fund operates globally with a home bias in its allocations, directing portions of equity (25% UK in certain implementations) and fixed income (35% UK) toward domestic markets in applicable regions while maintaining broad international diversification. In recent developments, the fund experienced tripled capital gains distributions in 2024 compared to prior years, driven by equity market gains requiring rebalancing to maintain the 60/40 target allocation, with unrealized gains comprising about 35.5% of net asset value as of late 2024. Vanguard announced international allocation increases in 2015—from 30% to 40% of equity and 20% to 30% of fixed income—which were fully implemented by year-end, influencing the fund's ongoing global exposure. Updates in 2025 include clearer prospectus language on investment objectives and policies to enhance investor understanding, alongside ongoing low-cost operational adjustments as underlying funds grow; recent dividends include $1.88528 per share in December 2024 and $0.3712 in June 2025.