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Overview |
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Objective
The Moderate Growth Portfolio seeks to provide capital appreciation and a low to moderate level of current income.
Strategy
The Portfolio invests 100% of its assets in Vanguard LifeStrategy Moderate Growth Fund. The Underlying Fund invests in other Vanguard mutual funds according to a fixed formula that reflects an allocation of approximately 60% of the Underlying Fund’s assets to common stocks and 40% to bonds. The targeted percentage of the Underlying Fund’s assets allocated to each of the underlying funds is:
| Vanguard Total Stock Market Index Fund Vanguard Total International Stock Index Fund Vanguard Total Bond Market II Index Fund Vanguard Total International Bond Index Fund |
36% 28% 24% 12% |
The Underlying Fund's indirect stock holdings are a diversified mix of U.S. and foreign large-, mid-, and small-capitalization stocks. The Underlying Fund's indirect bond holdings are a diversified mix of short-, intermediate-, and long-term U.S. government, U.S. agency, and investment-grade U.S. corporate bonds; mortgage-backed and asset-backed securities; and government, agency, corporate, and securitized investment-grade foreign bonds issued in currencies other than the U.S. dollar (but hedged by Vanguard to minimize foreign currency exposure).
Risks
As with any investment, your investment in the Portfolio could lose money or the Portfolio's performance could trail that of other investments. Each Portfolio has a different level of risk. For a full description of the investment risks associated with this Portfolio, see the Program Description.
