Overview |
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Investment Objective
The Portfolio seeks to provide capital appreciation.
Investment Strategy
The Global Equity Portfolio invests in two Vanguard® stock index funds in approximately the following proportions:
Vanguard Total Stock Market Index Fund 60%
Vanguard Total International Stock Index Fund 40%
The Portfolio, through its investment in Vanguard Total Stock Market Index Fund, indirectly invests in primarily large-capitalization U.S. stocks and, to a lesser extent, mid-, small-, and micro-capitalization U.S. stocks. The Fund's target index represents approximately 100% of the investable U.S. stock market.
Through its investment in Vanguard Total International Stock Index Fund, the Portfolio indirectly invests in international stocks. The Fund is designed to track the performance of the FTSE Global All Cap ex US Index, a free-float-adjusted market-capitalization-weighted index designed to measure equity market performance of companies located in developed and emerging markets, excluding the United States. The Index includes more than 5,500 stocks of companies located in 46 countries.
Investment Risks
The Portfolio primarily is subject to stock market risk. It also has moderate levels of country/regional risk, currency risk, emerging markets risk, index sampling risk and derivatives risk.
Average Annual Returns - Updated Monthly as of
| Name | 1 year | 3 year | 5 year | 10 year | Since Inception |
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**Consists of the Spliced Institutional Total Stock Market Index (60%) and the FTSE Global All Cap ex US Index (40%). The Spliced Institutional Total Stock Market Index consists of the Dow Jones Wilshire 5000 Index through April 8, 2005; the MSCI US Broad Market Index through January 14, 2013; and the CRSP US Total Market Index thereafter.
Annual Investment Returns
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Index performance is provided as a benchmark but is not illustrative of any particular investment. An investment cannot be made in an index.
The performance data shown represents past performance. Past performance - especially short-term past performance - is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors' units, when sold, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data cited.
