Backtest Portfolio Asset Allocation

This portfolio backtesting tool allows you to construct one or more portfolios based on the selected mutual funds, ETFs and stocks to analyze and backtest portfolio returns, risk characteristics, standard deviation, annual returns and rolling returns. The results include a visualization of the portfolio growth chart and rolling returns, CAGR, standard deviation, Sharpe ratio, Sortino ratio, annual returns and inflation adjusted returns. A periodic contribution or withdrawal can also be specified together with the preferred portfolio rebalancing strategy. You can also analyze and compare asset class based lazy portfolios with a longer time horizon starting from 1972.

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Portfolio Assets 
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Asset 3
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Asset 4
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Asset 5
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Asset 6
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Portfolio Analysis Results (Jan 2005 - Sep 2019)

Portfolio Allocations

Portfolio 1
Ticker Name Allocation
VGTSX Vanguard Total Intl Stock Index Inv 100.00%
Save portfolio »
Portfolio 2
Ticker Name Allocation
VGTSX Vanguard Total Intl Stock Index Inv 60.00%
CASHX Cash 40.00%
Save portfolio »

Portfolio Returns

Portfolio performance statistics
PortfolioInitial BalanceFinal BalanceCAGRTWRRMWRRStdevBest YearWorst YearMax. DrawdownSharpe RatioSortino RatioUS Mkt Correlation
Portfolio 1$10,000$10,095 0.06% 4.60%4.79%17.25%36.73%-44.10%-58.50%
(-60.72%)
0.280.390.87
Portfolio 2$10,000$8,825 -0.84% 3.89%4.15%10.35%23.61%-26.80%-38.24%
(-41.53%)
0.300.430.87
* The number in parenthesis shows the calculated value taking into account the periodic withdrawals.
   
Notes on results:
  • Past performance is not a guarantee of future returns. See Disclaimer and Terms of Use
  • The entered time period is automatically adjusted based on the available return data for the specified assets
  • The annual results for 2019 are based on full calendar months from January to September
  • CAGR = Compound Annual Growth Rate
  • TWRR = Annualized time weighted rate of return
  • MWRR = Annualized money weighted rate of return (internal rate of return) taking into account the periodic cashflows
  • Stdev = Annualized standard deviation of monthly returns
  • Sharpe and Sortino ratios are calculated and annualized from monthly excess returns over risk free rate (1-month treasury bill)
  • Stock market correlation is based on the correlation of monthly returns
  • Drawdowns are calculated based on monthly returns excluding cashflows
  • The backtested results include bands based (5.00% absolute, 25.00% relative) rebalancing of portfolio assets to match the specified allocation
  • The results use total return and assume that all received dividends and distributions are reinvested. Taxes and transaction fees are not included
  • Inflation adjusted monthly withdrawal of $33.00 was applied at the end of each period. This is reflected in the CAGR and maximum drawdown shown above.
  • Portfolio cashflows and rebalancing for quarterly and annual periods are aligned with calendar periods.
Annual returns for the configured portfolios
YearInflationReturnBalanceVanguard Total Intl Stock Index Inv (VGTSX)Cash (CASHX)
Portfolio 1Portfolio 2Portfolio 1Portfolio 2Adjustment
20053.42%15.57%10.53%$11,105$10,617-$40615.57%2.98%
20062.54%26.64%18.09%$13,594$12,084-$41926.64%4.81%
20074.08%15.52%11.82%$15,253$13,065-$43115.52%4.67%
20080.09%-44.10%-26.80%$8,197$9,186-$448-44.10%1.59%
20092.72%36.73%23.61%$10,650$10,843-$44636.73%0.09%
20101.50%11.12%6.83%$11,321$11,093-$45411.12%0.10%
20112.96%-14.56%-8.96%$9,257$9,664-$468-14.56%0.04%
20121.74%18.14%10.52%$10,418$10,178-$47818.14%0.06%
20131.50%15.04%9.30%$11,459$10,615-$48515.04%0.00%
20140.76%-4.24%-2.54%$10,506$9,868-$493-4.24%0.00%
20150.73%-4.37%-2.57%$9,582$9,137-$493-4.37%0.01%
20162.07%4.65%2.78%$9,512$8,882-$4994.65%0.21%
20172.11%27.40%16.47%$11,556$9,802-$51027.40%0.79%
20181.91%-14.44%-7.45%$9,421$8,581-$523-14.44%1.80%
20192.12%11.42%7.53%$10,095$8,825-$39811.42%1.70%
Annual returns for 2019 are based on partial year data
Monthly returns for the configured portfolios
YearMonthReturnBalanceVanguard Total Intl Stock Index Inv (VGTSX)Cash (CASHX)
Portfolio 1Portfolio 2Portfolio 1Portfolio 2
20051-1.67%-0.94%$9,800$9,873-1.67%0.16%
200524.68%2.85%$10,226$10,1224.68%0.16%
20053-2.93%-1.69%$9,893$9,917-2.93%0.21%
20054-2.07%-1.15%$9,655$9,769-2.07%0.21%
200550.08%0.15%$9,629$9,7490.08%0.24%
200561.30%0.86%$9,720$9,8001.30%0.23%
200573.68%2.29%$10,044$9,9903.68%0.24%
200582.85%1.84%$10,296$10,1402.85%0.30%
200594.73%2.99%$10,748$10,4094.73%0.29%
200510-3.37%-1.98%$10,352$10,168-3.37%0.27%
2005112.67%1.75%$10,594$10,3122.67%0.31%
2005125.14%3.29%$11,105$10,6175.14%0.32%
200616.87%4.44%$11,833$11,0546.87%0.35%
20062-0.72%-0.34%$11,713$10,982-0.72%0.34%
200633.17%2.16%$12,050$11,1843.17%0.37%
200645.12%3.44%$12,632$11,5335.12%0.36%
20065-4.45%-2.50%$12,035$11,211-4.45%0.43%
20066-0.38%-0.06%$11,954$11,169-0.38%0.40%
200671.15%0.84%$12,056$11,2271.15%0.40%
200682.53%1.66%$12,326$11,3782.53%0.42%
200690.25%0.31%$12,321$11,3790.25%0.41%
2006104.00%2.54%$12,779$11,6324.00%0.41%
2006113.73%2.41%$13,220$11,8783.73%0.42%
2006123.09%2.04%$13,594$12,0843.09%0.40%
200710.96%0.76%$13,689$12,1410.96%0.44%
200720.06%0.18%$13,662$12,1280.06%0.38%
200732.80%1.89%$14,009$12,3212.80%0.43%
200743.92%2.60%$14,523$12,6063.92%0.44%
200753.09%2.10%$14,936$12,8353.09%0.41%
200760.61%0.53%$14,991$12,8670.61%0.40%
20077-1.06%-0.53%$14,796$12,763-1.06%0.40%
20078-0.72%-0.30%$14,654$12,689-0.72%0.42%
200796.38%4.14%$15,553$13,1786.38%0.32%
2007105.90%3.91%$16,434$13,6575.90%0.32%
200711-4.57%-2.60%$15,647$13,264-4.57%0.34%
200712-2.28%-1.23%$15,253$13,065-2.28%0.27%
20081-8.55%-4.88%$13,913$12,390-8.55%0.21%
200820.33%0.24%$13,922$12,3830.33%0.13%
20083-0.71%-0.32%$13,786$12,306-0.71%0.17%
200845.85%3.34%$14,555$12,6805.85%0.18%
200851.51%0.94%$14,738$12,7621.51%0.18%
20086-8.99%-5.09%$13,375$12,074-8.99%0.17%
20087-3.67%-1.95%$12,846$11,800-3.67%0.15%
20088-5.10%-3.01%$12,154$11,408-5.10%0.13%
20089-13.09%-7.62%$10,525$10,500-13.09%0.15%
200810-22.09%-12.16%$8,163$9,185-22.09%0.08%
200811-6.29%-3.76%$7,613$8,803-6.29%0.03%
2008128.16%4.76%$8,197$9,1868.16%0.00%
20091-11.96%-7.21%$7,180$8,487-11.96%0.00%
20092-9.58%-5.48%$6,456$7,985-9.58%0.01%
200939.31%5.60%$7,020$8,3959.31%0.02%
2009412.78%7.94%$7,880$9,02512.78%0.01%
2009514.35%9.31%$8,974$9,82914.35%0.00%
20096-1.32%-0.79%$8,818$9,714-1.32%0.01%
200979.96%5.95%$9,659$10,2549.96%0.01%
200983.50%2.17%$9,960$10,4393.50%0.01%
200995.15%3.23%$10,435$10,7395.15%0.01%
200910-2.17%-1.39%$10,171$10,553-2.17%0.00%
2009113.86%2.45%$10,526$10,7743.86%0.00%
2009121.53%0.99%$10,650$10,8431.53%0.01%
20101-5.07%-3.27%$10,073$10,450-5.07%0.00%
201020.22%0.14%$10,058$10,4270.22%0.00%
201036.71%4.26%$10,695$10,8346.71%0.01%
20104-1.71%-1.11%$10,474$10,676-1.71%0.01%
20105-10.78%-6.96%$9,307$9,896-10.78%0.01%
20106-1.17%-0.72%$9,161$9,787-1.17%0.01%
2010710.33%6.37%$10,069$10,37310.33%0.01%
20108-3.22%-2.05%$9,708$10,122-3.22%0.01%
2010910.41%6.58%$10,681$10,75010.41%0.01%
2010103.55%2.13%$11,021$10,9413.55%0.01%
201011-4.52%-2.75%$10,485$10,603-4.52%0.01%
2010128.34%4.98%$11,321$11,0938.34%0.01%
201110.70%0.43%$11,362$11,1030.70%0.01%
201122.71%1.68%$11,632$11,2512.71%0.01%
20113-0.43%-0.26%$11,543$11,183-0.43%0.01%
201145.24%3.26%$12,109$11,5095.24%0.00%
20115-2.87%-1.82%$11,722$11,260-2.87%0.00%
20116-1.51%-0.95%$11,506$11,114-1.51%0.00%
20117-1.53%-0.96%$11,291$10,969-1.53%0.00%
20118-8.45%-5.25%$10,297$10,354-8.45%0.01%
20119-12.29%-7.37%$8,993$9,551-12.29%0.00%
20111010.22%5.81%$9,872$10,06610.22%0.00%
201111-2.88%-1.70%$9,549$9,856-2.88%0.00%
201112-2.64%-1.55%$9,257$9,664-2.64%0.00%
201217.27%4.21%$9,891$10,0317.27%0.00%
201225.14%3.06%$10,360$10,2995.14%0.00%
20123-0.75%-0.45%$10,243$10,212-0.75%0.00%
20124-1.78%-1.08%$10,021$10,063-1.78%0.00%
20125-11.14%-6.70%$8,865$9,349-11.14%0.01%
201266.03%3.46%$9,360$9,6326.03%0.00%
201270.44%0.26%$9,362$9,6180.44%0.00%
201282.72%1.60%$9,577$9,7322.72%0.01%
201293.62%2.16%$9,883$9,9023.62%0.01%
2012100.56%0.34%$9,899$9,8960.56%0.01%
2012111.82%1.10%$10,039$9,9651.82%0.01%
2012124.17%2.54%$10,418$10,1784.17%0.01%
201313.34%2.06%$10,725$10,3483.34%0.00%
20132-1.23%-0.77%$10,554$10,229-1.23%0.00%
201330.77%0.48%$10,594$10,2370.77%0.00%
201343.58%2.24%$10,933$10,4263.58%0.00%
20135-2.95%-1.87%$10,570$10,190-2.95%0.00%
20136-3.75%-2.35%$10,133$9,911-3.75%0.00%
201374.56%2.82%$10,555$10,1504.56%0.00%
20138-1.63%-1.02%$10,343$10,005-1.63%0.00%
201397.21%4.50%$11,048$10,4157.21%0.00%
2013103.41%2.18%$11,385$10,6023.41%0.00%
2013110.12%0.08%$11,358$10,5700.12%0.00%
2013121.25%0.81%$11,459$10,6151.25%0.00%
20141-4.78%-2.87%$10,872$10,270-4.78%0.00%
201425.39%3.17%$11,417$10,5555.39%0.00%
201430.41%0.24%$11,423$10,5400.41%0.00%
201441.31%0.79%$11,531$10,5821.31%0.00%
201451.88%1.14%$11,707$10,6611.88%0.00%
201461.74%1.06%$11,870$10,7331.74%0.00%
20147-1.61%-0.99%$11,638$10,586-1.61%0.00%
201481.05%0.64%$11,719$10,6131.05%0.00%
20149-5.01%-3.07%$11,090$10,246-5.01%0.00%
201410-0.31%-0.18%$11,015$10,186-0.31%0.00%
201411-0.25%-0.15%$10,947$10,130-0.25%0.00%
201412-3.65%-2.19%$10,506$9,868-3.65%0.00%
201510.13%0.08%$10,479$9,8350.13%0.00%
201525.52%3.26%$11,018$10,1145.52%0.00%
20153-1.54%-0.93%$10,807$9,979-1.54%0.00%
201545.08%3.05%$11,315$10,2425.08%0.00%
20155-0.94%-0.58%$11,167$10,142-0.94%0.00%
20156-2.69%-1.64%$10,825$9,935-2.69%0.00%
20157-0.80%-0.48%$10,697$9,845-0.80%0.00%
20158-7.29%-4.38%$9,875$9,373-7.29%0.00%
20159-3.90%-2.27%$9,449$9,119-3.90%0.00%
2015106.26%3.58%$9,999$9,4046.26%0.00%
201511-1.32%-0.78%$9,826$9,290-1.32%0.00%
201512-2.07%-1.20%$9,582$9,137-2.07%0.01%
20161-5.59%-3.23%$9,005$8,801-5.59%0.01%
20162-2.27%-1.27%$8,760$8,648-2.27%0.02%
201638.19%4.58%$9,436$9,0038.19%0.02%
201642.22%1.29%$9,604$9,0772.22%0.01%
20165-1.02%-0.59%$9,464$8,982-1.02%0.01%
20166-0.94%-0.54%$9,333$8,892-0.94%0.02%
201674.41%2.56%$9,703$9,0784.41%0.02%
201680.74%0.44%$9,733$9,0760.74%0.02%
201691.37%0.82%$9,824$9,1091.37%0.02%
201610-1.72%-1.01%$9,613$8,974-1.72%0.02%
201611-2.15%-1.26%$9,365$8,819-2.15%0.01%
2016122.02%1.19%$9,512$8,8822.02%0.03%
201713.87%2.30%$9,838$9,0443.87%0.04%
201721.50%0.92%$9,943$9,0851.50%0.04%
201732.82%1.71%$10,182$9,1982.82%0.03%
201742.20%1.36%$10,363$9,2802.20%0.05%
201753.01%1.87%$10,633$9,4113.01%0.06%
201760.52%0.35%$10,646$9,4020.52%0.06%
201773.42%2.15%$10,968$9,5613.42%0.07%
201780.64%0.43%$10,995$9,5600.64%0.09%
201791.81%1.17%$11,151$9,6301.81%0.09%
2017101.94%1.26%$11,324$9,7081.94%0.09%
2017110.78%0.53%$11,370$9,7170.78%0.08%
2017122.01%1.32%$11,556$9,8022.01%0.09%
201815.59%3.64%$12,159$10,1175.59%0.11%
20182-5.14%-3.04%$11,491$9,766-5.14%0.11%
20183-0.64%-0.32%$11,375$9,691-0.64%0.12%
201840.83%0.54%$11,425$9,7000.83%0.14%
20185-1.92%-1.07%$11,163$9,553-1.92%0.14%
20186-2.08%-1.15%$10,887$9,399-2.08%0.14%
201872.48%1.50%$11,113$9,4962.48%0.16%
20188-2.19%-1.21%$10,825$9,338-2.19%0.16%
201890.30%0.24%$10,814$9,3160.30%0.15%
201810-8.35%-4.73%$9,867$8,831-8.35%0.19%
2018111.26%0.78%$9,947$8,8561.26%0.18%
201812-4.85%-2.62%$9,421$8,581-4.85%0.19%
201917.58%4.63%$10,092$8,9347.58%0.21%
201921.72%1.13%$10,221$8,9911.72%0.18%
201930.72%0.52%$10,251$8,9940.72%0.19%
201942.76%1.80%$10,490$9,1112.76%0.21%
20195-5.55%-3.40%$9,864$8,757-5.55%0.21%
201965.83%3.65%$10,394$9,0325.83%0.18%
20197-1.89%-1.11%$10,153$8,887-1.89%0.19%
20198-2.35%-1.40%$9,870$8,718-2.35%0.16%
201992.72%1.74%$10,095$8,8252.72%0.16%
* End-of-month balance includes the monthly contribution/withdrawal

Portfolio Returns Based Style Analysis

Portfolio Returns Based Style Analysis
Style CategoryPortfolio 1Portfolio 2
Large-cap Value0.00%0.00%
Large-cap Growth0.00%0.84%
Mid-cap Value1.75%1.81%
Mid-cap Growth0.00%0.00%
Small-cap Value0.00%0.00%
Small-cap Growth0.00%0.00%
Global ex-US Developed Markets74.63%44.82%
Emerging Markets21.66%12.91%
Corporate Bonds1.96%0.00%
Long-Term Treasuries0.00%0.00%
Intermediate-Term Treasuries0.00%0.00%
Short-Term Treasuries0.00%39.62%
R Squared99.49%99.25%
Style analysis is based on monthly returns from Apr 2005 to Sep 2019 and uses total portfolio return with monthly rebalancing. Returns based style analysis aims to explain the portfolio returns based on asset class exposures, it does not identify the actual portfolio holdings.

Holdings Based Exposures for Portfolio 1

Holdings Based Exposures for Portfolio 1
TickerNameCategoryDurationERWeightReturn ContributionRisk Contribution
VGTSXVanguard Total Intl Stock Index InvForeign Large Blend0.17%100.00%$7,047100.00%

Asset Allocation

Equity Market Capitalization

Equity Sectors

Fixed Income Maturity

Holdings Based Exposures for Portfolio 2

Holdings Based Exposures for Portfolio 2
TickerNameCategoryDurationERWeightReturn ContributionRisk Contribution
VGTSXVanguard Total Intl Stock Index InvForeign Large Blend0.17%60.00%$4,97599.89%
CASHXCashCash40.00%$8020.11%

Asset Allocation

Equity Market Capitalization

Equity Sectors

Fixed Income Maturity

Fund fundamentals data as of 10/03/2019. © 2019 Morningstar. All Rights Reserved. The fund fundamentals information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Portfolio return and risk metrics
MetricPortfolio 1Portfolio 2
Arithmetic Mean (monthly)0.50%0.36%
Arithmetic Mean (annualized)6.19%4.44%
Geometric Mean (monthly)0.38%0.32%
Geometric Mean (annualized)4.60%3.89%
Volatility (monthly)4.98%2.99%
Volatility (annualized)17.25%10.35%
Downside Deviation (monthly)3.49%2.04%
Max. Drawdown-58.50%-38.24%
US Market Correlation0.870.87
Beta(*)1.050.63
Alpha (annualized)-3.71%-1.43%
R276.37%75.12%
Sharpe Ratio0.280.30
Sortino Ratio0.390.43
Treynor Ratio (%)4.534.95
Calmar Ratio0.320.43
Active Return-3.94%-4.65%
Tracking Error8.42%7.45%
Information Ratio-0.47-0.62
Skewness-0.65-0.52
Excess Kurtosis2.411.92
Historical Value-at-Risk (5%)-8.59%-5.11%
Analytical Value-at-Risk (5%)-7.69%-4.56%
Conditional Value-at-Risk (5%)-12.49%-7.34%
Upside Capture Ratio (%)91.8555.66
Downside Capture Ratio (%)111.7066.52
Safe Withdrawal Rate8.75%8.46%
Perpetual Withdrawal Rate2.57%1.86%
Positive Periods103 out of 177 (58.19%)103 out of 177 (58.19%)
Gain/Loss Ratio0.940.99
* US stock market is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.

Drawdowns for Historical Market Stress Periods

Drawdowns for Historical Market Stress Periods
Stress PeriodStartEndPortfolio 1Portfolio 2
Subprime CrisisNov 2007Mar 2009-58.50%-38.24%

Drawdowns for Portfolio 1

Drawdowns for Portfolio 1
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Nov 2007Feb 20091 year 4 monthsMay 20178 years 3 months9 years 7 months-58.50%
2Feb 2018Dec 201811 months-18.97%
3Mar 2005Apr 20052 monthsAug 20054 months6 months-4.93%
4May 2006Jun 20062 monthsOct 20064 months6 months-4.81%
5Oct 2005Oct 20051 monthDec 20052 months3 months-3.37%
6Jul 2007Aug 20072 monthsSep 20071 month3 months-1.77%
7Jan 2005Jan 20051 monthFeb 20051 month2 months-1.67%
8Feb 2006Feb 20061 monthMar 20061 month2 months-0.72%

Drawdowns for Portfolio 2

Drawdowns for Portfolio 2
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Nov 2007Feb 20091 year 4 monthsOct 20134 years 8 months6 years-38.24%
2Jul 2014Feb 20161 year 8 monthsApr 20171 year 2 months2 years 10 months-12.35%
3Feb 2018Dec 201811 months-10.71%
4Jan 2014Jan 20141 monthFeb 20141 month2 months-2.87%
5Mar 2005Apr 20052 monthsJul 20053 months5 months-2.83%
6May 2006Jun 20062 monthsSep 20063 months5 months-2.55%
7Oct 2005Oct 20051 monthDec 20052 months3 months-1.98%
8Jan 2005Jan 20051 monthFeb 20051 month2 months-0.94%
9Jul 2007Aug 20072 monthsSep 20071 month3 months-0.83%
10Feb 2006Feb 20061 monthMar 20061 month2 months-0.34%

Portfolio Assets

Performance statistics for portfolio components
TickerNameCAGRStdevBest YearWorst YearMax. DrawdownSharpe RatioSortino RatioUS Mkt Correlation
VGTSXVanguard Total Intl Stock Index Inv4.60%17.25%36.73%-44.10%-58.50%0.280.390.87
CASHXCash1.27%0.48%4.81%0.00%0.00%-0.13-0.18-0.05

Monthly Correlations

Correlations for the portfolio assets
TickerNameVGTSXCASHXPortfolio 1Portfolio 2
VGTSXVanguard Total Intl Stock Index Inv-0.041.001.00
CASHXCash0.04-0.040.06

Portfolio Return Decomposition

Portfolio return decomposition
TickerNamePortfolio 1Portfolio 2
VGTSXVanguard Total Intl Stock Index Inv$7,047$4,975
CASHXCash$802

Portfolio Risk Decomposition

Portfolio risk decomposition
TickerNamePortfolio 1Portfolio 2
VGTSXVanguard Total Intl Stock Index Inv100.00%99.89%
CASHXCash0.11%

Annual Asset Returns

Rolling returns summary
Roll PeriodPortfolio 1Portfolio 2
AverageHighLowAverageHighLow
1 year6.36%36.73%-44.10%4.40%23.61%-26.80%
3 years3.65%19.13%-6.49%3.19%13.43%-1.13%
5 years3.41%12.02%-3.47%3.00%7.75%-0.55%
7 years3.47%7.09%-0.81%2.96%4.70%0.51%
10 years3.34%6.30%0.88%2.97%4.33%1.50%
Result statistics are based on annualized rolling returns over full calendar year periods

Portfolio 1 Rebalancing Events

Portfolio 2 Rebalancing Events

Rebalancing dates for portfolio 2
#DateAllocation
104/30/2006Vanguard Total Intl Stock Index Inv (VGTSX): 65.63%
Cash (CASHX): 34.37%
210/31/2007Vanguard Total Intl Stock Index Inv (VGTSX): 65.55%
Cash (CASHX): 34.45%
307/31/2008Vanguard Total Intl Stock Index Inv (VGTSX): 54.11%
Cash (CASHX): 45.89%
410/31/2008Vanguard Total Intl Stock Index Inv (VGTSX): 48.99%
Cash (CASHX): 51.01%
502/28/2009Vanguard Total Intl Stock Index Inv (VGTSX): 54.75%
Cash (CASHX): 45.25%
605/31/2009Vanguard Total Intl Stock Index Inv (VGTSX): 67.89%
Cash (CASHX): 32.11%
709/30/2010Vanguard Total Intl Stock Index Inv (VGTSX): 65.44%
Cash (CASHX): 34.56%
812/31/2013Vanguard Total Intl Stock Index Inv (VGTSX): 65.07%
Cash (CASHX): 34.93%
901/31/2018Vanguard Total Intl Stock Index Inv (VGTSX): 65.66%
Cash (CASHX): 34.34%
1012/31/2018Vanguard Total Intl Stock Index Inv (VGTSX): 54.45%
Cash (CASHX): 45.55%