Vanguard LifeStrategy® Income Fund

Vanguard LifeStrategy Conservative Growth Fund

Vanguard LifeStrategy Moderate Growth Fund

Vanguard LifeStrategy Growth Fund

Supplement Dated May 12, 2026, to the Prospectus and Summary Prospectuses Dated February 27, 2026

Important Changes to the Funds

Fund Name Changes

As previously announced, effective today, each Vanguard LifeStrategy Fund (each, a “Fund” and collectively, the “LifeStrategy Funds”) has changed its name as shown below:

Prior Fund Name

New Fund Name

Vanguard LifeStrategy Income Fund

Vanguard LifeStrategy 20/80 Fund

 

 

Vanguard LifeStrategy Conservative

Vanguard LifeStrategy 40/60 Fund

Growth Fund

 

 

 

Vanguard LifeStrategy Moderate Growth

Vanguard LifeStrategy 60/40 Fund

Fund

 

 

 

Vanguard LifeStrategy Growth Fund

Vanguard LifeStrategy 80/20 Fund

 

 

All references to the LifeStrategy Funds are replaced with the applicable new fund name shown in the table above.

Each Fund’s investment objective, strategies, and polices will remain unchanged.

© 2026 The Vanguard Group, Inc. All rights reserved.

PS 088C 052026

Vanguard Marketing Corporation, Distributor.


Vanguard STAR® Funds
Supplement Dated May 12, 2026, to the Statement of Additional Information Dated February 27, 2026
Important Changes to Vanguard LifeStrategy® Income Fund, Vanguard LifeStrategy Conservative Growth Fund, Vanguard LifeStrategy Moderate Growth Fund, and Vanguard LifeStrategy Growth Fund (each, a “Fund” and collectively, the “LifeStrategy Funds”)
Fund Name Changes

As previously announced, effective today, each Vanguard LifeStrategy Fund has changed its name as shown below:
Prior Fund Name
New Fund Name
Vanguard LifeStrategy Income Fund
Vanguard LifeStrategy 20/80 Fund
Vanguard LifeStrategy Conservative Growth Fund
Vanguard LifeStrategy 40/60 Fund
Vanguard LifeStrategy Moderate Growth Fund
Vanguard LifeStrategy 60/40 Fund
Vanguard LifeStrategy Growth Fund
Vanguard LifeStrategy 80/20 Fund
All references to the LifeStrategy Funds are replaced with the applicable new fund name shown in the table above.
Each Fund’s investment objective, strategies, and polices will remain unchanged.
© 2026 The Vanguard Group, Inc. All rights reserved.
Vanguard Marketing Corporation, Distributor.
SAI 056B 052026