NPORT-EX 2 vglifestratincomefd.htm
Vanguard® LifeStrategy Income Fund
Schedule of Investments (unaudited)
As of July 31, 2021
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 (99.2%)
U.S. Stock Fund (11.7%)
  Vanguard Total Stock Market Index Fund Investor Shares   6,465,928   713,256
International Stock Fund (8.0%)
  Vanguard Total International Stock Index Fund Investor Shares  23,343,363   485,542
U.S. Bond Fund (55.5%)
1 Vanguard Total Bond Market II Index Fund Investor Shares 300,014,243 3,384,161
International Bond Funds (24.0%)
  Vanguard Total International Bond Index Fund Investor Shares 124,262,475 1,437,717
1 Vanguard Total International Bond II Index Fund Investor Shares   2,201,856    22,393
            1,460,110
Total Investment Companies (Cost $5,102,237) 6,043,069
Temporary Cash Investments (0.8%)
Money Market Fund (0.8%)
1 Vanguard Market Liquidity Fund, 0.064% (Cost $49,706) 497,063 49,706
Total Investments (100.0%) (Cost $5,151,943)   6,092,775
Other Assets and Liabilities—Net (0.0%)   904
Net Assets (100%)   6,093,679
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 2021 243 32,672 558
E-mini S&P 500 Index September 2021 77 16,900 588
        1,146
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, 2021, 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, 2020
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, 2021
Market Value
($000)
Vanguard Market Liquidity Fund 79,702 NA1 NA1 — — 35 — 49,706
Vanguard Total Bond Market II Index Fund 3,138,698 347,470 50,859 (1,034) (50,114) 43,910 29,966 3,384,161
Vanguard Total International Bond Index Fund 1,329,022 119,797 — — (11,102) 8,817 2,093 1,437,717
Vanguard Total International Bond II Index Fund — 22,191 — — 202 8 — 22,393
Vanguard Total International Stock Index Fund 434,079 30,522 93,342 16,750 97,533 9,419 — 485,542
Vanguard Total Stock Market Index Fund 617,040 54,894 171,669 57,991 155,000 6,739 — 713,256
Total 5,598,541 574,874 315,870 73,707 191,519 68,928 32,059 6,092,775
1 Not applicable—purchases and sales are for temporary cash investment purposes.