Portfolio Objectives

Fund 40 is a more conservative target portfolio which seeks moderate income and capital appreciation by investing approximately 40% of its net assets in a broad range of domestic equity, international equity, and real estate investment funds with the remaining 60% invested in fixed income investment funds.

Target Fund 40

Asset Allocation

Fund Percent
Fixed Income
Vanguard Total Bond Market Index Fund 37%
Vanguard Short‐Term Inflation‐Protected Securities Index Fund 9%
Vanguard Short‐Term Bond Index Fund 14%
Real Estate
Vanguard Real Estate Index Fund 3%
Fund Percent
Domestic (U.S.) Equity
Vanguard Total Stock Market Index Fund 25%
International Equity
Vanguard Total International Stock Index Fund 12%

Portfolio Performance

As of July 30, 2021

PortfolioYTD3 Mo1yr3yr5yrLTDExp. RatioInception Date
Target Fund 406.03%2.65%13.57%9.37%7.58%6.94%0.29%8/2/10

Fund Performance3

As of 6/30/2021

Domestic Equity FundExpense RatioTickerQTRYTD1yr3yr5yr10yr or Life of FundInception Date
Vanguard Total Stock Market Index Fund
Fact Sheet, Prospectus, Annual Report
0.02%VSMPX14.69%21.02%21.02%14.51%15.45%12.82%4/28/15
Fixed Income FundsExpense RatioTickerQTRYTD1yr3yr5yr10yr or Life of FundInception Date
Vanguard Total Bond Market Index Fund
Fact Sheet, Prospectus, Annual Report
0.04%VBTIX0.03%8.73%8.73%4.03%3.01%3.70%9/18/95
Vanguard Short-Term Inflation-Protected Securities Index Fund
Fact Sheet, Prospectus, Annual Report
0.04%VTSPX1.29%4.99%4.99%3.44%2.78%1.40%10/17/12
Vanguard Short-Term Bond Index Fund
Fact Sheet, Prospectus, Annual Report
0.05%VBITX0.29%4.71%4.71%3.64%2.72%1.62%9/27/11
International Equity FundExpense RatioTickerQTRYTD1yr3yr5yr10yr or Life of FundInception Date
Vanguard Total International Stock Index Fund
Fact Sheet, Prospectus, Annual Report
0.08%VTSNX16.89%11.28%11.28%5.01%9.11%5.15%11/29/10
Real Estate FundExpense RatioTickerQTRYTD1yr3yr5yr10yr or Life of FundInception Date
Vanguard Real Estate Index Fund
Fact Sheet, Prospectus, Annual Report
0.10%VGSNX9.24%-4.67%-4.67%4.98%5.67%8.71%12/2/03