Vanguard lifestrategy moderate growth prospectus download pdf

Glossary Tools and Links Market Watch. These Target Retirement Funds are a set of individual funds that are broadly diversified within themselves and that gradually become more conservative as your year of retirement approaches, reducing risk automatically. This web page helps you decide which one of these funds may be right for your Plan portfolio. Additionally, each fund is broadly diversified within itself. The general strategic process employed and the actual Vanguard Funds comprising each of these Vanguard product lines are as follows: Vanguard Target Retirement Funds The current 11 funds comprising this product line are set up to simulate a "Glide Path" to retirement.

Fund Name. Phoa 9 22 27 John R. Queen 1 19 31 William L. Robbins 1 26 29 Andrew B. Suzman 9 27 Michelle J. Black 1 19 A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Overall Morningstar Rating TM. Risk Measures. Fund Standard Deviation 9. Quality Summary Read important investment disclosures. Average Life Breakdown. Equities Breakdown Bonds Breakdown. Equities Breakdown. Sectors Top Industries. Equity Fund Holdings. Capital markets.

Equity real estate investment trusts REITs. Bonds Breakdown. Bond Details. Total bond holdings. Go to the underlying fund pages to see detailed holdings information. Top Fixed-Income Issuers. No top issuers data is available at this time. Geographic Breakdown. United States. Historical Prices Month-End. Historical Prices Year-End. Income Dividend Special. Gains Long-Term. Gains Short-Term.

Daily Dividend Accrual for Pay Date. Rate As of Date 0. Current Daily Dividend Accrual. Rate As of-Date 0. Annual Management Fees 0. As of each fund's most recent prospectus. Expense Ratio. BLPAX 0. Fund as of most recent prospectus. About Our Funds. Share Class Pricing Details. Stats Update PDF. Resource Guide PDF. Portfolio series funds are monitored; allocations and funds may change. Allocations and underlying funds are subject to the oversight committee's discretion and will evolve over time.

Underlying funds may be added or removed at any time. Visit capitalgroup. Cash and equivalents includes short-term securities, accrued income and other assets less liabilities. It may also include investments in money market or similar funds managed by the investment adviser or its affiliates that are not offered to the public.

The information shown does not include cash and cash equivalents. This includes shares of money market or similar funds managed by the investment adviser or its affiliates that are not offered to the public. Figures include convertible securities. Underlying revenue data were compiled by MSCI and account for disparities in the way companies report their revenues across geographic segments.

MSCI provides revenue data figures based on a proprietary, standardized model. In this breakdown, Israel has been included in Europe. The portfolio managers shown are as of each fund's prospectus available at the time of publication.

The Portfolio Solutions Committee members shown are as of each fund's prospectus available at the time of publication. Figures are based on holdings of the underlying funds, if applicable, as of date shown.

Preservation ratings are relative, rather than absolute, measures, and funds named Lipper Leaders for Preservation may still experience losses periodically; those losses may be larger for equity and mixed equity funds than for fixed income funds.

Tax Efficiency offers no benefit to investors in tax-sheltered accounts such as k plans. The Lipper ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the Total Return, Consistent Return, Preservation, Tax Efficiency and Expense metrics.

Lipper ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. More information is available at www. Calculated by Capital Group. Due to differing calculation methods, the figures shown here may differ from those calculated by Morningstar. Calculated by Morningstar. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance.

The Morningstar Rating does not include any adjustment for sales loads. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and year if applicable Morningstar Rating metrics. While the year overall star rating formula seems to give the most weight to the year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past results are not guarantee of results in future periods.

The Morningstar Ratings are based on the share classes of each underlying fund held by the series; other underlying fund share classes may have different performance characteristics. The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes. YTD year-to-date return : the net change in the value of the portfolio in percentage terms from January 1 of the current year to the date shown above.

Expense ratios are as of each fund's prospectus available at the time of publication. Comparable industry expense information is not available for the fund. Results for certain funds with an inception date after the share class inception also include hypothetical returns because those funds' shares sold after the funds' date of first offering. Accordingly, the fund's SEC yield and distribution rate may differ.

Terms and Definitions. The blend is rebalanced monthly. MSCI index results reflect dividends gross of withholding taxes through December 31, , and dividends net of withholding taxes thereafter. Beta: Beta relatively measures sensitivity to market movements over a specified period of time.

The beta of the market represented by the benchmark index is equal to 1; a beta higher than 1 implies that a return was more volatile than the market. A beta lower than 1 suggests that a return was less volatile than the market. Generally the higher the R-squared measure, the more reliable the beta measurement will be.

Bond Statistic Average Coupon: The average coupon is the weighted average coupon rate of all the bond holdings. Bond Statistic Average Duration in Years: Expressed in years, average duration is a weighted average of the estimated price sensitivity of the bond holdings to a given change in interest rates.

Typically, bonds with a longer duration pay higher interest but are more sensitive to interest rate changes. Bond Statistic Average Life in Years: Expressed in years, average life is time weighting the expected principal payments, taking into consideration the impact of calls and prepayments. In general, it is a better measure than average maturity for bonds that have the ability to prepay principal before they reach maturity e.

Data shown is a weighted average of the bond holdings. Bond Statistic Average Yield to Maturity: A weighted average of all the bond holding's yield to maturities. Yield to maturity is the return a bond earns if held to maturity, based on its price and coupon.

Assumes that coupon payments can be reinvested at the yield to maturity. Bond Statistic Effective Duration in Years: Effective duration is a duration calculation for bonds that takes into account that expected cash flows will fluctuate as interest rates change.

Distribution rate month: The income per share paid by the fund over the past 12 months to an investor from dividends including any special dividends. The distribution rate is expressed as a percentage of the current price. Historical Long-Term Capital Gains: When a capital gain distribution is paid, the net asset value per share is reduced by the amount of the payment plus or minus any change in the value of the fund's holdings.

Read our explanation of the effect of a capital gain on a fund's price for details. Two types of capital gains are realized by our funds — short-term and long-term.

Net short-term capital gains are distributed to shareholders as income dividends and are taxed at ordinary income tax rates. The information above classifies gain from the sale or exchange of a capital asset held for more than one year as a long-term capital gain. Historical Regular Dividend: Funds pay their shareholders dividends usually from income or dividends earned by the fund during the year. Regular dividends are typically paid monthly, quarterly or annually.

The share prices of all of our equity funds and funds of funds decrease when a dividend is paid. Industry averages exclude Vanguard. Sources: Vanguard and Morningstar, Inc. 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.

All-in-one funds A diversified portfolio in a single fund. View all our funds. Asset allocation The way an investment portfolio is divided among the broader asset classes of stocks, bonds, and short-term reserves. Also known as "asset mix. Vanguard's broadest index funds These four funds, when combined with an asset allocation that's right for your situation, could help you meet almost any investment goal:.

Expense ratio A mutual fund's annual operating expenses, expressed as a percentage of the fund's average net assets. It's calculated annually and removed from the fund's earnings before they're distributed to investors, directly reducing investors' returns. An expense ratio includes management, administrative, marketing, and distribution fees.