Page 316 - DCAC Feb 2026 Files

Glide Path
Sub-Advisors Age at Glide Path % Equity at % Active Min % Equity Max % Equity End Target-Date Managers Used 72 30% 50% 90% 0% N Top Holdings Net Expenses Fund Asset Class Median Vanguard Large Cap Core Vanguard Total Stock Mkt Idx 0.57% 0.08% Income International Core Vanguard Total Intl Stock Index 0.55% 0.08% 2020 Core Fixed Income Vanguard T

Composition Open Architecture (%) 0% • • • • • •

*Source: Vanguard Number of Funds of Funds/ Funds Holdings 5 Y Asset Class Summary International Equity Emerging Markets U.S. Fixed Income High Yield Fixed Income InternaƟonal Fixed Income Emerging Markets Debt

Vanguard Target Date Funds Firm and Management: The Vanguard Group is a global asset manager headquartered in Valley Forge, Pennsylvania. Vanguard was founded in 1975 by Jack Bogle and is owned by its customers. 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 by Walter Nejman, Aurélie Denis, Michael