Page 123 - AugDefComp

Vanguard Instl Trgt Retire 2040 Instl VIRSX 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 2040 Target-Date 2040 $46,253.00M William A. Coleman 06/26/2015 0.09% 3

PORTFOLIO COMPOSITION (Holdings-based) INVESTMENT OVERVIEW
Assets The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. The fund invests in other Vanguard mutual
funds according to an asset allocation strategy designed for investors planning to retire and leave the workforce in or within a few years of 2040 (the target year).
Cash 0.27% The fund's asset allocation will become more conservative over time, meaning that the percentage of assets allocated to stocks will decrease while the
US Stocks 49.09% percentage of assets allocated to bonds and other fixed income investments will increase.
US Bonds 12.31%
Non-US Stocks 32.08%
Preferred Stocks 0.01% PERFORMANCE
Convertible Bonds 0.17%
Other 0.03% 3 Year Rolling Performance (Jun 18-Jun 21)
Non-US Bonds 6.05% 16
Sector Breakdown 5th to 25th Percentile
14 25th to Median
Sensitive
Communication Services 9.06% 12 Median to 75th Percentile
Industrials 11.14% 75th to 95th Percentile
Technology 18.69% 10
Vanguard Instl Trgt
Energy 3.35%
8 Retire 2040 Instl
Cyclical S&P Target Date 2040
Basic Materials 4.97% 6
Consumer Cyclical 12.00%
Real Estate 3.65% 4
Financial Services 16.05%
2
Defensive
Consumer Defensive 6.69% 0
Healthcare 11.76% 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 6.14 10.22 32.73 / 59 13.34 / 45 13.34 / 32 10.37
Vanguard Total Stock Market Idx I 49.36%
Benchmark 5.79 11.00 33.56 / 50 12.60 / 80 12.55 / 74 9.24 / 65 9.82 / 59
Vanguard Total Intl Stock Index Inv 31.89% Peer Group Median 6.20 10.93 33.48 / 50 13.16 / 50 13.08 / 50 9.47 / 50 10.04 / 50
Vanguard Total Bond Market II Idx Inv 13.44%
Number of Funds 52 50 42 33 26
Vanguard Total Intl Bd II Idx Admiral 5.27%
CALENDAR 2020 2019 2018 2017 2016 2015 2014 2013 2012
Fund 15.44 23.93 -7.31 20.73 8.81
Benchmark 13.37 23.37 -7.41 18.87 9.23 -0.40 5.69 22.10 14.69
Peer Group Median 15.09 23.84 -7.54 20.16 8.33 -1.50 6.08 22.86 15.29

RISK & PERFORMANCE STATISTICS NOTES
Total: 99.96%
Peer Group
3 Yr Fund Benchmark
ASSET LOADINGS (Returns-based) Median
Alpha 0.86 0.00 0.85
FUND EXPOSURES (WEIGHT) (Jul 18-Jun 21) Beta 0.98 1.00 0.99
100
75 R-Squared 99.70 100.00 99.18
Sharpe Ratio 0.81 0.75 0.80
50
25 Up Market Capture 100.08 100.00 100.96
0 Down Market Capture 96.18 100.00 97.70
Current Average
Fund Bmk Fund Bmk 5 Yr Fund Benchmark Peer Group
Cash 0.0 8.9 0.0 4.8 Median
US Bonds 9.3 0.0 7.8 4.5 Alpha 0.86 0.00 0.51
Intl Bonds 10.4 8.0 9.8 6.4 Beta 0.98 1.00 1.01
Intl Equity 22.8 25.3 26.3 26.5 R-Squared 99.49 100.00 98.91
US Equity 57.5 57.8 56.2 57.8 Sharpe Ratio 0.98 0.91 0.95
Up Market Capture 101.83 100.00 102.26
Down Market Capture 97.03 100.00 98.08

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