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 24%
Vanguard Short‐Term Inflation‐Protected Securities Index Fund 9%
Vanguard Short‐Term Bond Index Fund 14%
Vanguard High-Yield Corporate Fund 7%
Vanguard Emerging Markets Government Bond Index Fund 6%
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 August 31, 2023

PortfolioYTD3 Mo1yr3yr5yrLTDExp. RatioInception Date
Target Fund 408.29%3.15%3.56%2.73%4.55%5.47%0.22%8/2/10

Fund Performance3

As of 3/31/2022

Domestic Equity FundExpense RatioTickerQTRYTD1yr3yr5yr10yr or Life of FundInception Date
Vanguard Total Stock Market Index Fund
Fact Sheet, Prospectus, Annual Report
0.02%VSMPX-5.45%-5.45%11.69%18.17%15.38%13.19%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%VBTIX-5.98%-5.98%-4.07%1.71%2.14%2.21%9/18/95
Vanguard Short-Term Inflation-Protected Securities Index Fund
Fact Sheet, Prospectus, Annual Report
0.04%VTSPX-0.29%-0.29%3.88%4.35%3.08%1.74%10/17/12
Vanguard Short-Term Bond Index Fund
Fact Sheet, Prospectus, Annual Report
0.05%VBITX-3.39%-3.39%-3.85%1.08%1.39%1.30%9/27/11
Vanguard High-Yield Corporate Fund
Fact Sheet, Prospectus, Annual Report
0.13%VWEAX-8.62%-8.62%-11.22%0.00%1.95%4.08%11/12/01
Vanguard Emerging Markets Government Bond Index Fund
Fact Sheet, Prospectus, Annual Report
0.18%VGIVX-11.48%-19.33%-20.33%-4.84%-1.07%1.45%2/11/15
International Equity FundExpense RatioTickerQTRYTD1yr3yr5yr10yr or Life of FundInception Date
Vanguard Total International Stock Index Fund
Fact Sheet, Prospectus, Annual Report
0.07%VTPSX-6.07%-6.07%-1.80%7.80%6.82%5.84%11/29/10
Real Estate FundExpense RatioTickerQTRYTD1yr3yr5yr10yr or Life of FundInception Date
Vanguard Real Estate Index Fund
Fact Sheet, Prospectus, Annual Report
0.10%VGSNX-5.94%-5.94%21.52%11.47%9.70%9.72%12/2/03