Page 109 - MayDefComp

Risk Analysis 3/31/2021

MPT Statistics

Ticker Capture Ratio Average Return Tracking Alpha Beta Benchmark
Up Market Down Market Up Market Down Market Error R²

Balanced
Target-Date Retirement
Vanguard Target Retirement Income Inv VTINX 98.22 88.55 1.33 -1.38 0.76 0.68 0.95 98.81
S&P Target Date Retirement Income 100.00 100.00 1.35 -1.56 0.00 0.00 1.00 100.00
Target-Date Retirement Median (35 funds) 99.92 97.64 1.35 -1.52 1.87 0.37 1.00 96.36
Target-Date 2015
Vanguard Target Retirement 2015 Inv VTXVX 88.55 83.08 1.53 -1.77 1.37 0.44 0.87 98.81
S&P Target Date 2015 100.00 100.00 1.71 -2.15 0.00 0.00 1.00 100.00
Target-Date 2015 Median (31 funds) 100.92 99.05 1.73 -2.12 1.36 0.23 1.03 98.19
Target-Date 2025
Vanguard Target Retirement 2025 Inv VTTVX 103.92 100.24 2.45 -2.50 0.77 0.45 1.03 99.63
S&P Target Date 2025 100.00 100.00 2.36 -2.50 0.00 0.00 1.00 100.00
Target-Date 2025 Median (50 funds) 100.91 97.23 2.38 -2.43 1.58 0.43 0.99 98.65
Target-Date 2035

Vanguard Target Retirement 2035 Inv VTTHX 97.07 93.83 2.99 -3.26 1.00 0.58 0.96 99.63
S&P Target Date 2035 100.00 100.00 3.07 -3.48 0.00 0.00 1.00 100.00
Target-Date 2035 Median (49 funds) 98.76 96.93 3.03 -3.37 1.67 0.58 0.97 99.04
Target-Date 2045
Vanguard Target Retirement 2045 Inv VTIVX 102.47 100.13 3.37 -4.33 0.91 0.45 1.01 99.72
S&P Target Date 2045 100.00 100.00 3.30 -4.33 0.00 0.00 1.00 100.00
Target-Date 2045 Median (49 funds) 102.14 100.04 3.36 -4.33 1.65 0.42 1.02 99.22
Target-Date 2055
Vanguard Target Retirement 2055 Inv VFFVX 99.24 96.79 3.37 -4.33 0.96 0.54 0.98 99.69
S&P Target Date 2055 100.00 100.00 3.39 -4.48 0.00 0.00 1.00 100.00
Target-Date 2055 Median (49 funds) 101.31 98.89 3.43 -4.43 1.68 0.33 1.01 99.20

All statistics based on a 36 month time period.

Past performance is no guarantee of future results. Rankings provided based on total returns. Performance quoted for mutual funds may include performance of a predecessor
fund/share class prior to the share class commencement of operations.

Page 28