# Vanguard LifeStrategy Moderate Growth Fund (VSMGX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vsmgx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Vanguard · Asset class: Multi-Asset - Strategy: Thematic · Inception: 1994-09-30 The Vanguard LifeStrategy Moderate Growth Fund is part of a suite of comprehensive, low-cost investment options offering a diversified, index-based portfolio all within a single fund. This series features a fixed asset allocation approach, with four distinct funds available, each tailored to different risk profiles. Specifically, this Moderate Growth Fund is designed to pursue capital growth while also generating a low to moderate stream of income. Its strategy involves a consistent allocation of 60% to equities, which includes international stocks, and 40% to fixed-income investments, also... ## Key Facts | Metric | Value | |---|---| | Price | $36.48 | | Expense Ratio | 0.10% | | Assets Under Management | $24.10B | | NAV | $36.48 | | Holdings Count | 0 | | Distribution Yield (TTM) | 4.95% | | Annual Distribution (TTM) | $1.80 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $33.61 – $37.55 | | Beta | 0.94 | ## Latest Distribution - Amount: $0.3619 /share - Ex-date: 2026-06-26 - Pay date: 2026-06-29 ## Frequently Asked Questions ### What does VSMGX invest in? The Vanguard LifeStrategy Moderate Growth Fund is part of a suite of comprehensive, low-cost investment options offering a diversified, index-based portfolio all within a single fund. This series features a fixed asset allocation approach, with four distinct funds available, each tailored to different risk profiles. Specifically, this Moderate Growth Fund is designed to pursue capital growth while also generating a low to moderate stream of income. Its strategy involves a consistent allocation of 60% to equities, which includes international stocks, and 40% to fixed-income investments, also incorporating global bonds. This fund is ideal for individuals with a long-term investment horizon who are prepared to accept the natural fluctuations of the stock market. It's crucial to understand that all LifeStrategy funds are subject to the inherent risks of their underlying holdings. A significant change is scheduled for May 12, 2026, when the fund's name will change from the Vanguard LifeStrategy Moderate Growth Fund to the Vanguard LifeStrategy 60/40 Fund. However, this alteration is purely nominal; its investment objectives, strategies, and operational policies will remain unchanged. ### What is the expense ratio of VSMGX? Vanguard LifeStrategy Moderate Growth Fund (VSMGX) charges an expense ratio of 0.10%. This is the annual fee deducted from fund assets to cover management and operations. ### What is VSMGX's dividend yield? VSMGX's trailing-twelve-month yield is 4.95%, calculated from the sum of dividends over the past year divided by the current price. ### How big is VSMGX? Vanguard LifeStrategy Moderate Growth Fund (VSMGX) manages $24.10B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is VSMGX actively managed or an index fund? VSMGX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was VSMGX launched? Vanguard LifeStrategy Moderate Growth Fund (VSMGX) launched in September 1994 and is managed by Vanguard. ### Does VSMGX pay a dividend? Yes, Vanguard LifeStrategy Moderate Growth Fund (VSMGX) distributes dividends to shareholders. The trailing-twelve-month yield is 4.95%. Full dividend history is on this page. ### How often does VSMGX pay dividends? Vanguard LifeStrategy Moderate Growth Fund pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is VSMGX's next ex-dividend date? The most recently announced ex-dividend date for VSMGX was 2026-06-26. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will VSMGX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.10% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does VSMGX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VSMGX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does VSMGX cost more than a fund like VOO? VSMGX's strategy (current expense ratio 0.10%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where VSMGX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to VSMGX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as VSMGX (0.10%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/vsmgx - Distribution history: https://www.dividenddata.com/funds/vsmgx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vsmgx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vsmgx/expenses - Peer comparison: https://www.dividenddata.com/funds/vsmgx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.