Vanguard LifeStrategy® 20% Equity ETF is designed to balance income and growth by holding a diversified mix of about 20% stocks and 80% bonds. It achieves this by investing primarily in a range of passively managed ETFs and other investment funds that track various market indexes across different countries and asset classes. The fund is actively managed to maintain this specific allocation, ensuring broad exposure to both equity and fixed income securities for a stable and diversified portfolio.