A switch-mode DC-DC voltage converter including a boost stage in the form of a charge pump and a buck stage. Control circuitry is provided that enables the operation of the buck stage while the charge pump stage is also enabled, followed by disabling of the charge pump stage as the input voltage and output voltage increase. The buck converter stage is constructed so that it regulates the output voltage at a voltage above that which disables the charge pump stage. Conduction losses in the main current path, due to the necessity of a power FET or other switching device, are avoided.