Page 328 - DCAC February 2024 Files

Top Holdings
Age at Glide Path
End
72
Min % Equity
Glide Path
30%
Target‐Date
% Equity at
50%
Max % Equity
90%
Expenses
Income Asset Class Fund Median Vanguard Large Cap Core Vanguard Total Stock Mkt Idx 0.59% 0.08% International Core Vanguard Total Intl Stock Index 0.55% 0.08% 2020 Core Fixed Income Vanguard Total Bond Mkt II Idx 0.58% 0.08% 2025 International Fixed Income Vanguard Total Intl Bd Idx 0.59% 0.08% 2030 US TIPS Vanguard ST Infl‐Prot Sec I
% Active Managers 0%
Sub‐ Advisors Used N
Composition Open Architecture (%) 0% • • • • • •
*Source: Vanguard Number of Funds/ Holdings 5
Funds of Funds Y Asset Class Summary International Equity Emerging Markets U.S. Fixed Income High Yield Fixed Income Interna onal Fixed Income Debt Emerging Markets Commodities

Vanguard Target Date Funds Organization: Founded in 1975, Vanguard’s total AUM has eclipsed the $4 trillion mark across more than 240 mutual funds. The foundation of Vanguard’s investment methodology is based around low- cost indexed mutual funds. Day-to- day management of the target date series is overseen William Coleman and Walter Nejman. Glide Path Rationale: With approximately 50% equity exposure at