Vanguard® STAR® 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 (100.0%)
U.S. Stock Funds (44.6%)
 
Vanguard WindsorTM II Fund Investor Shares
65,735,156
3,401,794
 
Vanguard U.S. Growth Fund Investor Shares
37,012,929
2,735,996
 
Vanguard Windsor Fund Investor Shares
82,820,127
2,034,062
 
Vanguard PRIMECAP Fund Investor Shares
6,718,962
1,448,339
 
Vanguard Dividend Growth Fund Investor Shares
29,966,270
956,224
 
 
 
 
 
10,576,415
International Stock Funds (19.2%)
 
Vanguard International Growth Fund Investor Shares
40,192,613
1,532,142
 
Vanguard International Value Fund Investor Shares
31,546,704
1,524,337
 
Vanguard International Core Stock Fund Investor Shares
78,496,697
1,504,782
 
 
 
 
 
4,561,261
U.S. Bond Fund (36.2%)
1
Vanguard STAR Core-Plus Bond Fund Institutional Shares
869,705,684
8,583,275
Total Investment Companies (Cost $14,861,510)
23,720,951
Temporary Cash Investments (0.0%)
Money Market Fund (0.0%)
2
Vanguard Market Liquidity Fund, 3.718% (Cost $1)
9
1
Total Investments (100.0%) (Cost $14,861,511)
23,720,952
Other Assets and Liabilities—Net (0.0%)
698
Net Assets (100%)
23,721,650
 
Cost is in $000.
 
1
Represents a wholly owned fund.
2
Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
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. Various inputs may be used to determine the value of the fund’s investments. 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 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 was determined based on Level 1 inputs.
C. 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 Dividend Growth Fund
888,811
187,930
505
(93
)
(119,919
)
13,734
174,195
956,224
Vanguard International Core Stock Fund
1,540,336
64,926
287,542
44,066
142,996
19,980
44,946
1,504,782
Vanguard International Growth Fund
1,525,910
94,007
51,503
3,568
(39,840
)
15,597
78,409
1,532,142
Vanguard International Value Fund
1,512,446
239,219
297,348
37,580
32,440
40,282
198,937
1,524,337
Vanguard Market Liquidity Fund
2
NA1
NA1
—
—
8
—
1
Vanguard PRIMECAP Fund
1,579,081
222,071
516,795
248,090
(84,108
)
13,262
208,810
1,448,339
Vanguard STAR Core-Plus Bond Fund2
8,521,390
428,967
84,422
(1,272
)
(281,388
)
272,716
36,646
8,583,275
Vanguard U.S. Growth Fund
2,912,471
239,498
21,250
6,267
(400,990
)
1,684
237,814
2,735,996
Vanguard Windsor Fund
1,951,465
142,241
238,019
15,693
162,682
34,375
107,867
2,034,062
Vanguard Windsor II Fund
3,328,469
345,262
391,896
73,620
46,339
48,492
296,771
3,401,794
Total
23,760,381
1,964,121
1,889,280
427,519
(541,788
)
460,130
1,384,395
23,720,952
 
1
Not applicable—purchases and sales are for temporary cash investment purposes.
2
Wholly owned fund.