Vanguard® LifeStrategy® 80/20 Fund
Schedule of Investments (unaudited)
As of July 31, 2026
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov. 
 
 
 
 
 
Shares
Market
Value
($000)
Investment Companies (99.4%)
U.S. Stock Fund (48.8%)
 
Vanguard Morningstar Total Stock Market Index Fund Investor Shares
72,687,822
13,027,111
International Stock Fund (32.6%)
 
Vanguard Total International Stock Index Fund Investor Shares
319,652,202
8,694,540
U.S. Bond Fund (12.6%)
1
Vanguard Total Bond Market II Index Fund Investor Shares
359,313,117
3,359,577
International Bond Fund (5.4%)
1
Vanguard Total International Bond II Index Fund Investor Shares
165,207,122
1,432,346
Total Investment Companies (Cost $11,296,659)
26,513,574
Temporary Cash Investments (0.6%)
Money Market Fund (0.6%)
1
Vanguard Market Liquidity Fund, 3.718% (Cost $153,247)
1,532,829
153,268
Total Investments (100.0%) (Cost $11,449,906)
26,666,842
Other Assets and Liabilities—Net (0.0%)
9,257
Net Assets (100%)
26,676,099
 
Cost is in $000.
 
1
Affiliated fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown for Vanguard Market Liquidity Fund is the 7-day yield.
Derivative Financial Instruments Outstanding as of Period End
 
Futures Contracts
 
 
 
($000)
 
Expiration
Number of
Long (Short)
Contracts
Notional
Amount
Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts
10-Year U.S. Treasury Note
September 2026
630
68,040
(955
)
E-mini S&P 500 Index
September 2026
244
91,735
234
 
(721
)
A. Security Valuation: Investments are valued at the net asset value of each underlying Vanguard fund determined as of the close of the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date.
B. Futures Contracts: The fund uses stock and bond futures contracts to a limited extent, with the objectives of maintaining full exposure to the market and maintaining its target asset allocation. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of investments held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
C. Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
At July 31, 2026, 100% of the market value of the fund's investments and derivatives was determined based on Level 1 inputs.
D. Transactions during the period in affiliated underlying Vanguard funds were as follows: 
 
 
Current Period Transactions
 
 
Oct. 31, 2025
Market Value
($000)
Purchases
at Cost
($000)
Proceeds
from
Securities
Sold
($000)
Realized
Net Gain
(Loss)
($000)
Change in
Unrealized
App. (Dep.)
($000)
Income
($000)
Capital Gain
Distributions
Received
($000)
Jul. 31, 2026
Market Value
($000)
Vanguard Market Liquidity Fund
147,119
NA1
NA1
—
(16
)
4,106
—
153,268
Vanguard Morningstar Total Stock Market Index Fund2
12,147,043
132,080
423,017
262,019
908,986
101,293
—
13,027,111
Vanguard Total Bond Market II Index Fund
3,191,265
416,955
134,422
(2,405
)
(111,816
)
99,756
—
3,359,577
Vanguard Total International Bond II Index Fund
1,313,529
223,488
51,763
(622
)
(52,286
)
45,879
—
1,432,346
Vanguard Total International Stock Index Fund
8,186,639
221,768
793,744
167,908
911,969
189,180
—
8,694,540
Total
24,985,595
994,291
1,402,946
426,900
1,656,837
440,214
—
26,666,842
 
1
Not applicable—purchases and sales are for temporary cash investment purposes.
2
In July 2026, Vanguard Total Stock Market Index Fund changed its name to Vanguard Morningstar Total Stock Market Index Fund.