Page 111 - AugDefComp

Vanguard Instl Trgt Retire Inc Instl VITRX 6/30/2021

Fund Incep Date: Benchmark: Category: Net Assets: Manager Name: Manager Start Date: Expense Ratio: Expense Rank:
06/26/2015 S&P Target Date Retirement Income Target-Date Retirement $9,406.00M William A. Coleman 06/26/2015 0.09% 2

PORTFOLIO COMPOSITION (Holdings-based) INVESTMENT OVERVIEW
Assets The investment seeks to provide current income and some capital appreciation. The fund invests in other Vanguard mutual funds according to an asset allocation
strategy designed for investors currently in retirement. Its indirect bond holdings are a diversified mix of short-, intermediate-, and long-term U.S. government,
Cash 1.35% U.S. agency, and investment-grade U.S. corporate bonds; inflation-protected public obligations issued by the U.S. Treasury; mortgage-backed and asset-backed
US Stocks 17.99% securities; and government, agency, corporate, and securitized investment-grade foreign bonds issued in currencies other than the U.S. dollar.
US Bonds 50.67%
Non-US Stocks 11.81%
Preferred Stocks 0.00% PERFORMANCE
Convertible Bonds 0.47%
Other 0.01% 3 Year Rolling Performance (Jun 18-Jun 21)
Non-US Bonds 17.71% 10
Sector Breakdown 5th to 25th Percentile
9 25th to Median
Sensitive 8
Communication Services 9.04% Median to 75th Percentile
Industrials 11.12% 7 75th to 95th Percentile
Technology 18.66%
6 Vanguard Instl Trgt
Energy 3.35%
5 Retire Inc Instl
Cyclical S&P Target Date
Basic Materials 4.97% 4 Retirement Income
Consumer Cyclical 11.99% 3
Real Estate 3.64%
Financial Services 16.15% 2
Defensive 1
Consumer Defensive 6.68% 0
Healthcare 11.75% 2/2018 4/2018 2/2019 4/2019 2/2020 4/2020 2/2021
Utilities 2.65%
3M YTD 1Y 3Y 5Y 7Y 10Y SI
TOP 10 HOLDINGS
Fund 3.21 3.32 12.04 / 53 8.12 / 39 6.70 / 49 6.07
Vanguard Total Bond Market II Idx Inv 37.61%
Benchmark 3.06 3.09 11.12 / 63 7.44 / 66 6.29 / 63 5.15 / 48 5.42 / 53
Vanguard Total Stock Market Idx I 18.09% Peer Group Median 3.34 3.66 12.97 / 50 7.97 / 50 6.68 / 50 5.09 / 50 5.53 / 50
Vanguard Shrt-Term Infl-Prot Sec Idx Adm 16.98%
Number of Funds 37 35 32 25 23
Vanguard Total Intl Bd II Idx Admiral 15.56%
Vanguard Total Intl Stock Index Inv 11.71% CALENDAR 2020 2019 2018 2017 2016 2015 2014 2013 2012
Fund 10.18 13.20 -1.98 8.54 5.29
Benchmark 8.81 13.33 -2.54 8.54 5.01 -0.18 4.86 6.28 7.51
Peer Group Median 9.51 13.16 -2.94 8.73 5.25 -0.65 4.52 6.15 8.96

RISK & PERFORMANCE STATISTICS NOTES
Total: 99.96%
Peer Group
3 Yr Fund Benchmark
ASSET LOADINGS (Returns-based) Median
Alpha 0.92 0.00 0.57
FUND EXPOSURES (WEIGHT) (Jul 18-Jun 21) Beta 0.95 1.00 1.01
100
75 R-Squared 98.93 100.00 96.55
Sharpe Ratio 1.09 0.94 1.01
50
25 Up Market Capture 100.47 100.00 101.14
0 Down Market Capture 89.24 100.00 97.79
Current Average
Fund Bmk Fund Bmk 5 Yr Fund Benchmark Peer Group
Cash 15.5 21.1 12.4 19.7 Median
US Bonds 48.3 41.4 52.5 43.4 Alpha 0.61 0.00 0.27
Intl Bonds 5.7 5.9 4.2 3.8 Beta 0.95 1.00 1.00
Intl Equity 8.2 5.4 10.0 7.9 R-Squared 98.67 100.00 96.36
US Equity 22.3 26.3 20.9 25.2 Sharpe Ratio 1.09 0.97 1.01
Up Market Capture 100.11 100.00 101.03
Down Market Capture 90.40 100.00 97.63

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