Test Market Timing Models

This tool allows you to test different market timing and tactical asset allocation models based on moving averages, momentum, market valuation and target volatility. The supported models include:

You can find a summary of the selected tactical asset allocation model below, and a more detailed description in the FAQ section.

Shiller PE Ratio Market Valuation

Shiller PE Ratio (PE10) market valuation based timing model uses shifts the allocation between stocks and bonds as follows:
  • PE10 >= 22 - 40% stocks, 60% bonds
  • 14 <= PE10 < 22 - 60% stocks, 40% bonds
  • PE10 < 14 - 80% stocks, 20% bonds
The balanced 60% stock and 40% bond allocation is used as the benchmark portfolio.

Moving Averages - Single Asset

The moving average timing model is either invested in a a specific stock, ETF or mutual fund, or is alternatively in cash or other risk-free asset based on the moving average signal. The model is invested in the asset when the end-of-month adjusted close price is greater than the moving average and the model moves to cash when the end-of-month adjusted close price is less than the moving average. The model also supports using moving average cross-over as the signal.

Moving Averages - Portfolio Assets

The moving average model applies the moving average signal to each portfolio asset. The model is invested in a portfolio asset when the end-of-month adjusted close price is greater than the moving average and the allocation is moved to cash when the end-of-month adjusted close price is less than the moving average. The model also supports using moving average cross-over as the signal.

Momentum - Relative Strength

The relative strength momentum model invests in the best performing assets in the model based on each asset's past return. The momentum can be based on a single timing period, or multiple weighted timing periods. Additionally the model supports using moving averages as a risk control to decide whether investments should be moved to cash.

Momentum - Dual Momentum

The dual momentum model uses relative momentum to select the best performing model assets and incorporates absolute momentum as a filter to invest in cash if the excess return of the selected asset over cash is negative.

Adaptive Allocation

The adaptive asset allocation model combines relative strength momentum model with different asset weighting. The relative strength model uses an equal weight allocation for the model selected assets, whereas the adaptive asset allocation uses either inverse volatility based risk parity allocation or minimum variance allocation for the model assets to minimize the expected volatility.

Target Volatility

The target volatility model adjusts the market exposure of the portfolio based on the realized historic volatility and the given volatility target. The cash allocation in the portfolio is increased or decreased as required to meet the targeted volatility level in order to improve the risk adjusted performance.
$ .00
%
Timing Periods
Length
Unit
Weight
Time Period #1
%
Time Period #2
%
Time Period #3
%
Time Period #4
%
Time Period #5
%
Volatility Period
%
Asset 1
%
Asset 2
%
Asset 3
%
Asset 4
%
Asset 5
%
Asset 6
%
Asset 7
%
Asset 8
%
Asset 9
%
Asset 10
%
Total
%

Market Timing Results (Jan 1997 - Dec 2016)

Market timing results from 1997 to 2016 are based on the annual target volatility of 8.00%. The timing portfolio adjusts the equity allocation monthly based on realized historical volatility and the specified target volatility using 1 calendar month volatility period. Timing model trades are executed using the end of month close price. The selected year range for the timing test was automatically adjusted based on the available data for Vanguard REIT Index Fund (VGSIX) (Jun 1996-Apr 2017).

Performance statistics for the timing portfolio and benchmark portfolios
PortfolioInitial BalanceFinal BalanceCAGRStdevBest YearWorst YearMax. DrawdownSharpe RatioSortino RatioUS Mkt Correlation
Save timing model »
Timing Portfolio$10,000$33,0516.16%7.39%21.05%-11.91%-19.04% 0.560.810.90
Buy & Hold Portfolio$10,000$39,6457.13%10.77%25.67%-25.82%-39.58% 0.500.720.96
Vanguard 500 Index Fund$10,000$43,1137.58%15.44%33.21%-37.02%-50.97% 0.420.600.99
   
Notes on results:
  • Past performance is not a guarantee of future returns and data and other errors may exist. See Disclaimer and Terms of Use
  • The results for the buy-and-hold comparison portfolio assume annual rebalancing
  • The results for the timing portfolio assume monthly rebalancing trades
  • Risk free returns (out of market) are based on 1-month US treasury bill returns or the selected asset
  • The volatility signal is based on daily total returns accounting for splits and dividends
  • Additional trading costs and taxes for timing models are not reflected in the results
  • CAGR = Compound Annual Growth Rate
  • Stdev = Standard Deviation based on annualized standard deviation of monthly log returns
  • Sharpe and Sortino ratios are calculated and annualized from monthly excess returns over risk free rate (1-month t-bills)
  • Stock market correlation is based on the correlation of monthly returns
  • Drawdowns are calculated based on monthly returns
  • Refer to the FAQ regarding the list of data sources and methodology for additional details
Annual returns for the timing portfolio and various benchmark portfolios
YearTiming ReturnBuy & Hold Portfolio ReturnVanguard 500 Index Fund ReturnVanguard Total Stock Market Index Fund (VTSMX)Vanguard Total International Stock Index Fund (VGTSX)Vanguard REIT Index Fund (VGSIX)Vanguard Total Bond Market Index Fd (VBMFX)Cash (CASHX)Timing BalanceBuy & Hold Portfolio BalanceVanguard 500 Index Fund Balance
199715.35%16.95%33.21%30.99%-0.77%18.77%9.43%5.25%$11,535$11,695$13,321
19987.45%13.37%28.62%23.26%15.60%-16.32%8.59%4.85%$12,395$13,259$17,133
199913.07%14.88%21.07%23.81%29.92%-4.04%-0.75%4.69%$14,014$15,232$20,743
2000-0.35%-1.30%-9.06%-10.57%-15.61%26.35%11.39%5.88%$13,965$15,034$18,864
2001-6.97%-4.68%-12.02%-10.97%-20.15%12.35%8.34%3.82%$12,992$14,330$16,596
2002-7.41%-8.41%-22.15%-20.96%-14.63%3.75%8.40%1.63%$12,029$13,124$12,921
200321.05%25.67%28.50%31.35%42.01%35.65%3.88%1.02%$14,561$16,494$16,604
200414.16%13.52%10.74%12.52%20.84%30.69%4.25%1.19%$16,623$18,723$18,387
20056.72%7.42%4.77%5.98%15.57%11.95%2.41%2.98%$17,741$20,113$19,265
200615.24%16.32%15.64%15.51%26.64%35.07%4.28%4.81%$20,445$23,397$22,278
20074.68%5.73%5.39%5.49%15.52%-16.46%6.93%4.67%$21,403$24,738$23,478
2008-11.91%-25.82%-37.02%-37.04%-44.10%-37.05%5.07%1.59%$18,854$18,351$14,786
200911.74%23.56%26.49%28.70%36.73%29.58%5.93%0.09%$21,067$22,674$18,703
20107.92%13.78%14.91%17.09%11.12%28.30%6.30%0.10%$22,736$25,799$21,492
20112.24%0.59%1.97%0.96%-14.56%8.47%7.58%0.04%$23,246$25,952$21,914
201211.16%13.10%15.82%16.25%18.14%17.53%4.06%0.06%$25,841$29,352$25,382
201313.61%15.90%32.18%33.35%15.04%2.31%-2.25%0.00%$29,358$34,020$33,549
20148.19%8.87%13.51%12.43%-4.24%30.13%5.76%0.00%$31,764$37,036$38,081
2015-1.85%-0.45%1.25%0.29%-4.37%2.22%0.29%0.01%$31,175$36,870$38,557
20166.02%7.53%11.82%12.53%4.65%8.34%2.50%0.21%$33,051$39,645$43,113
Monthly returns for the timing portfolio and various benchmark portfolios
YearMonthTiming ReturnBuy & Hold Portfolio ReturnVanguard 500 Index Fund ReturnVanguard Total Stock Market Index Fund (VTSMX)Vanguard Total International Stock Index Fund (VGTSX)Vanguard REIT Index Fund (VGSIX)Vanguard Total Bond Market Index Fd (VBMFX)Cash (CASHX)Timing BalanceBuy & Hold Portfolio BalanceVanguard 500 Index Fund Balance
199711.80%1.80%6.23%5.46%-2.37%0.16%0.24%0.45%$10,180$10,180$10,623
199720.32%0.31%0.79%-0.11%1.82%-0.32%0.11%0.39%$10,213$10,211$10,707
19973-2.06%-2.11%-4.14%-4.45%-0.10%0.38%-0.97%0.43%$10,003$9,996$10,264
199741.97%1.98%5.96%4.50%0.20%-3.10%1.49%0.43%$10,200$10,194$10,876
199754.30%4.75%6.09%7.10%6.54%2.95%0.88%0.49%$10,639$10,678$11,538
199763.69%3.73%4.45%4.37%5.40%5.13%1.16%0.37%$11,031$11,076$12,051
199774.55%4.67%7.97%7.77%1.59%2.85%2.81%0.43%$11,534$11,594$13,011
19978-3.54%-3.61%-5.61%-3.72%-8.60%-0.75%-0.86%0.41%$11,125$11,175$12,282
199794.77%4.84%5.47%5.77%5.51%9.24%1.45%0.44%$11,656$11,715$12,953
199710-3.02%-3.08%-3.35%-3.40%-9.10%-2.80%1.44%0.42%$11,303$11,354$12,519
1997110.92%1.52%4.60%3.33%-1.19%1.73%0.33%0.39%$11,407$11,527$13,095
1997121.12%1.46%1.72%1.70%0.92%2.48%1.04%0.48%$11,535$11,695$13,321
199811.02%1.05%1.11%0.44%3.04%-1.27%1.32%0.43%$11,652$11,818$13,469
199823.49%4.13%7.19%7.34%6.88%-1.65%-0.10%0.39%$12,059$12,307$14,438
199833.02%3.08%5.10%5.06%3.22%2.55%0.33%0.39%$12,423$12,685$15,174
199840.36%0.41%1.01%1.10%0.53%-3.36%0.52%0.43%$12,468$12,737$15,327
19985-0.92%-1.25%-1.74%-2.71%-1.51%-0.89%1.02%0.40%$12,354$12,578$15,060
199861.60%1.64%4.07%3.54%-0.27%-0.03%0.81%0.41%$12,552$12,785$15,673
19987-1.15%-1.28%-1.05%-2.27%1.08%-6.90%0.23%0.40%$12,408$12,622$15,508
19988-8.80%-9.62%-14.47%-15.65%-13.66%-9.21%1.90%0.43%$11,315$11,407$13,264
199891.89%3.33%6.41%6.68%-2.07%5.99%1.96%0.46%$11,530$11,787$14,114
1998102.36%4.74%8.16%7.51%10.77%-1.81%-0.56%0.32%$11,802$12,346$15,266
1998112.02%3.90%6.07%6.17%5.34%1.58%0.48%0.31%$12,040$12,827$16,193
1998122.95%3.37%5.81%6.45%3.26%-1.80%0.39%0.38%$12,395$13,259$17,133
199911.31%1.33%4.20%3.65%-0.63%-2.44%0.79%0.35%$12,557$13,435$17,853
19992-1.96%-2.63%-3.12%-3.73%-2.16%-1.57%-1.77%0.35%$12,310$13,082$17,295
199932.27%2.70%4.00%3.93%4.97%-0.44%0.57%0.43%$12,590$13,434$17,987
199943.49%3.96%3.85%4.68%5.08%9.55%0.40%0.37%$13,029$13,966$18,679
19995-1.85%-1.88%-2.39%-2.00%-5.00%2.09%-0.88%0.34%$12,788$13,703$18,233
199962.32%2.65%5.56%5.16%4.39%-1.87%-0.49%0.40%$13,084$14,067$19,246
19997-1.18%-1.29%-3.13%-3.20%2.27%-2.91%-0.39%0.38%$12,930$13,885$18,644
19998-0.43%-0.43%-0.50%-0.92%0.33%-1.00%-0.08%0.39%$12,874$13,825$18,551
19999-0.67%-0.87%-2.74%-2.44%0.82%-4.12%1.26%0.39%$12,789$13,705$18,043
1999102.80%3.21%6.33%6.25%3.74%-2.25%0.33%0.39%$13,146$14,145$19,185
1999111.46%2.19%2.02%3.46%4.08%-1.50%0.02%0.36%$13,337$14,454$19,573
1999125.07%5.38%5.98%7.59%9.37%3.07%-0.48%0.44%$14,014$15,232$20,743
20001-2.91%-2.91%-5.03%-4.18%-6.22%0.61%-0.18%0.41%$13,606$14,788$19,699
200021.25%1.76%-1.91%2.54%2.83%-1.51%1.18%0.43%$13,776$15,048$19,323
200033.17%3.72%9.76%5.69%3.48%3.50%1.40%0.47%$14,213$15,609$21,209
20004-1.43%-2.64%-3.01%-5.21%-5.41%6.73%-0.49%0.46%$14,010$15,197$20,572
20005-0.62%-1.79%-2.04%-3.41%-2.67%1.03%-0.17%0.50%$13,923$14,925$20,153
200062.20%3.47%2.49%4.42%4.27%2.49%2.15%0.40%$14,230$15,442$20,654
20007-0.29%-0.36%-1.49%-1.95%-4.46%8.77%0.88%0.48%$14,188$15,388$20,346
200082.61%2.94%6.19%7.28%1.00%-3.99%1.40%0.50%$14,558$15,839$21,605
20009-2.35%-2.20%-5.29%-4.67%-5.00%2.93%0.76%0.51%$14,216$15,491$20,462
200010-1.59%-1.70%-0.43%-2.04%-3.03%-4.63%0.56%0.56%$13,990$15,228$20,374
200011-2.13%-3.91%-7.88%-9.90%-4.44%1.74%1.58%0.51%$13,692$14,633$18,769
2000121.99%2.74%0.50%1.78%3.72%6.88%1.79%0.50%$13,965$15,034$18,864
200111.50%2.32%3.55%3.83%1.10%0.43%1.76%0.54%$14,176$15,383$19,533
20012-3.89%-5.22%-9.14%-9.41%-7.61%-1.72%0.91%0.38%$13,624$14,579$17,748
20013-3.44%-3.73%-6.36%-6.72%-7.15%0.81%0.54%0.42%$13,156$14,036$16,620
200142.63%4.62%7.77%8.16%7.89%2.28%-0.46%0.39%$13,501$14,685$17,911
200150.24%0.17%0.65%1.01%-3.52%2.15%0.74%0.32%$13,533$14,710$18,028
20016-0.40%-0.55%-2.45%-1.64%-3.84%5.92%0.53%0.28%$13,479$14,629$17,587
20017-0.71%-0.62%-1.00%-1.71%-2.43%-2.10%2.23%0.30%$13,383$14,538$17,411
20018-1.76%-1.94%-6.27%-6.00%-2.30%3.54%1.11%0.31%$13,147$14,256$16,319
20019-5.86%-5.33%-8.09%-9.00%-10.73%-3.87%0.90%0.28%$12,376$13,496$14,998
2001100.79%1.65%1.90%2.52%2.97%-3.37%1.86%0.22%$12,474$13,719$15,283
2001113.22%3.48%7.65%7.63%3.56%5.76%-1.34%0.17%$12,876$14,197$16,452
2001120.90%0.94%0.87%1.78%1.35%2.47%-0.67%0.15%$12,992$14,330$16,596
20021-0.96%-1.21%-1.47%-1.24%-4.63%-0.25%0.79%0.14%$12,868$14,156$16,352
20022-0.17%-0.18%-1.94%-2.05%0.90%1.98%0.86%0.13%$12,846$14,131$16,035
200232.54%3.03%3.74%4.38%5.71%6.24%-1.46%0.13%$13,173$14,558$16,635
20024-1.09%-1.29%-6.07%-4.90%0.42%0.62%1.70%0.15%$13,029$14,370$15,625
200250.12%0.16%-0.75%-1.22%1.16%1.30%0.81%0.14%$13,044$14,392$15,507
20026-2.77%-3.15%-7.13%-7.06%-4.28%2.81%0.29%0.13%$12,683$13,939$14,401
20027-4.72%-5.36%-7.72%-8.02%-9.80%-5.28%0.48%0.15%$12,085$13,191$13,289
200280.33%0.74%0.65%0.53%-0.12%0.16%1.66%0.14%$12,124$13,289$13,376
20029-2.79%-5.52%-10.87%-10.07%-10.88%-3.53%1.53%0.14%$11,786$12,556$11,921
2002101.87%2.78%8.78%7.65%5.70%-4.95%-0.61%0.14%$12,006$12,905$12,968
2002111.61%3.50%6.16%6.36%4.40%4.60%-0.16%0.12%$12,199$13,357$13,766
200212-1.39%-1.74%-6.14%-5.83%-2.59%0.68%2.27%0.11%$12,029$13,124$12,921
20031-1.57%-1.90%-2.62%-2.54%-3.17%-2.70%0.06%0.10%$11,840$12,874$12,582
20032-0.26%-0.44%-1.52%-1.69%-1.86%1.74%1.38%0.09%$11,810$12,817$12,391
200330.19%0.22%0.96%1.09%-1.93%2.04%-0.12%0.10%$11,833$12,846$12,509
200343.23%5.78%8.25%8.21%9.70%4.05%0.87%0.10%$12,215$13,589$13,542
200353.89%4.79%5.26%6.11%6.15%5.52%1.82%0.09%$12,690$14,239$14,255
200361.22%1.31%1.26%1.43%2.66%2.25%-0.13%0.10%$12,844$14,426$14,434
200371.02%1.20%1.74%2.36%3.18%5.18%-3.34%0.07%$12,976$14,599$14,686
200381.49%1.75%1.93%2.39%2.51%0.65%0.61%0.07%$13,168$14,854$14,970
200391.25%1.19%-1.07%-1.15%2.78%3.41%2.70%0.08%$13,333$15,030$14,809
2003103.57%3.78%5.64%6.12%6.49%1.63%-0.96%0.07%$13,809$15,599$15,645
2003111.46%1.54%0.86%1.38%2.13%4.31%0.17%0.07%$14,011$15,839$15,780
2003123.93%4.13%5.22%4.48%7.80%3.08%0.89%0.08%$14,561$16,494$16,604
200411.90%1.90%1.82%2.23%1.60%4.28%0.86%0.07%$14,838$16,807$16,906
200421.55%1.55%1.38%1.43%2.50%1.64%1.03%0.06%$15,067$17,067$17,139
200430.44%0.45%-1.51%-1.07%0.45%5.43%0.80%0.09%$15,134$17,144$16,880
20044-2.79%-3.80%-1.58%-2.11%-3.14%-14.56%-2.61%0.08%$14,712$16,492$16,613
200451.18%1.18%1.36%1.35%0.46%7.09%-0.42%0.06%$14,886$16,688$16,839
200461.35%1.77%1.93%2.09%2.40%2.79%0.56%0.08%$15,086$16,983$17,164
20047-1.79%-1.88%-3.31%-3.80%-3.34%0.51%0.96%0.10%$14,817$16,664$16,596
200481.64%1.67%0.38%0.31%0.75%7.83%1.94%0.11%$15,060$16,943$16,659
200491.32%1.29%1.07%1.74%2.96%-0.23%0.16%0.11%$15,258$17,161$16,837
2004102.11%2.15%1.51%1.68%3.24%5.39%0.85%0.11%$15,580$17,530$17,092
2004113.49%3.53%4.05%4.68%7.23%4.15%-0.80%0.15%$16,124$18,148$17,783
2004123.10%3.17%3.39%3.63%4.44%4.77%0.92%0.16%$16,623$18,723$18,387
20051-2.05%-2.05%-2.45%-2.68%-1.67%-8.41%0.65%0.16%$16,282$18,340$17,936
200521.86%1.84%2.09%2.07%4.68%2.85%-0.62%0.16%$16,586$18,677$18,311
20053-1.59%-1.60%-1.76%-1.75%-2.93%-1.58%-0.49%0.21%$16,322$18,378$17,989
20054-0.35%-0.38%-1.91%-2.32%-2.07%5.81%1.36%0.21%$16,264$18,308$17,645
200551.94%2.14%3.17%3.77%0.08%3.24%1.06%0.24%$16,580$18,699$18,204
200561.25%1.25%0.13%0.81%1.30%4.96%0.55%0.23%$16,786$18,933$18,227
200572.78%2.77%3.71%4.11%3.68%6.97%-0.99%0.24%$17,253$19,458$18,903
200580.24%0.19%-0.91%-0.91%2.85%-3.74%1.36%0.30%$17,294$19,495$18,730
200591.00%1.02%0.79%0.82%4.73%0.57%-1.10%0.29%$17,467$19,694$18,879
200510-1.90%-1.93%-1.68%-1.86%-3.37%-2.35%-0.81%0.27%$17,136$19,314$18,562
2005112.13%2.71%3.76%3.97%2.67%4.25%0.48%0.31%$17,501$19,837$19,261
2005121.37%1.39%0.02%0.14%5.14%-0.10%0.99%0.32%$17,741$20,113$19,265
200613.49%3.49%2.65%3.50%6.87%7.53%-0.11%0.35%$18,360$20,816$19,774
200620.17%0.15%0.25%0.00%-0.72%1.83%0.38%0.34%$18,391$20,848$19,825
200631.54%1.59%1.24%1.80%3.17%4.83%-1.00%0.37%$18,674$21,179$20,070
200641.05%1.06%1.33%1.11%5.12%-3.63%-0.20%0.36%$18,869$21,403$20,338
20065-2.49%-2.57%-2.90%-3.23%-4.45%-2.80%-0.09%0.43%$18,399$20,852$19,749
200660.52%0.57%0.13%0.17%-0.38%5.29%0.10%0.40%$18,495$20,970$19,774
200670.74%0.95%0.61%-0.13%1.15%3.49%1.35%0.40%$18,631$21,170$19,894
200681.78%2.32%2.36%2.31%2.53%3.72%1.64%0.42%$18,962$21,661$20,364
200691.39%1.39%2.56%2.27%0.25%1.90%0.81%0.41%$19,226$21,962$20,886
2006103.04%3.13%3.25%3.53%4.00%6.11%0.72%0.41%$19,810$22,648$21,565
2006112.44%2.52%1.88%2.23%3.73%4.69%1.11%0.42%$20,294$23,220$21,971
2006120.75%0.76%1.40%1.13%3.09%-1.81%-0.48%0.40%$20,445$23,397$22,278
200711.77%1.77%1.49%1.88%0.96%8.52%-0.08%0.44%$20,807$23,811$22,611
20072-0.42%-0.45%-1.97%-1.61%0.06%-2.41%1.51%0.38%$20,719$23,705$22,165
200730.69%0.76%1.11%1.11%2.80%-2.37%0.02%0.43%$20,863$23,884$22,412
200741.92%2.54%4.42%4.01%3.92%-0.04%0.51%0.44%$21,263$24,490$23,402
200751.85%1.88%3.48%3.69%3.09%-0.11%-0.78%0.41%$21,656$24,952$24,216
20076-1.59%-1.56%-1.67%-1.67%0.61%-9.26%-0.38%0.40%$21,312$24,562$23,812
20077-1.48%-2.08%-3.09%-3.41%-1.06%-7.77%0.84%0.40%$20,997$24,052$23,075
200781.14%1.38%1.50%1.45%-0.72%6.49%1.34%0.42%$21,237$24,382$23,421
200791.77%3.39%3.72%3.59%6.38%4.25%0.72%0.32%$21,613$25,209$24,293
2007101.71%2.41%1.58%1.85%5.90%1.22%0.93%0.32%$21,983$25,816$24,677
200711-2.32%-3.14%-4.19%-4.49%-4.57%-9.32%1.81%0.34%$21,474$25,006$23,644
200712-0.33%-1.07%-0.70%-0.60%-2.28%-5.11%0.31%0.27%$21,403$24,738$23,478
20081-2.03%-3.64%-6.02%-6.08%-8.55%-0.34%1.79%0.21%$20,968$23,838$22,066
20082-0.69%-1.49%-3.25%-3.07%0.33%-3.73%0.10%0.13%$20,823$23,483$21,348
200830.28%0.39%-0.44%-0.58%-0.71%6.45%0.30%0.17%$20,881$23,574$21,254
200841.60%3.53%4.86%5.02%5.85%5.89%-0.40%0.18%$21,215$24,406$22,288
200850.69%0.90%1.28%2.09%1.51%0.14%-0.69%0.18%$21,361$24,626$22,574
20086-5.00%-6.14%-8.44%-8.19%-8.99%-10.77%-0.01%0.17%$20,293$23,115$20,669
20087-0.39%-0.67%-0.83%-0.77%-3.67%3.15%0.00%0.15%$20,214$22,961$20,497
200880.09%0.13%1.45%1.58%-5.10%2.25%0.70%0.13%$20,233$22,991$20,794
20089-3.70%-6.25%-8.91%-9.26%-13.09%-0.11%-1.11%0.15%$19,485$21,554$18,942
200810-3.24%-14.71%-16.79%-17.63%-22.09%-31.23%-2.53%0.08%$18,854$18,383$15,761
200811-0.74%-4.55%-7.17%-7.90%-6.29%-23.39%3.64%0.03%$18,715$17,547$14,630
2008120.74%4.58%1.07%1.86%8.16%17.39%3.33%0.00%$18,854$18,351$14,786
20091-1.47%-7.64%-8.41%-8.26%-11.96%-17.39%-0.70%0.00%$18,577$16,948$13,542
20092-2.09%-7.97%-10.66%-10.45%-9.58%-20.76%-0.43%0.01%$18,189$15,597$12,099
200931.84%5.90%8.76%8.65%9.31%3.76%1.48%0.02%$18,524$16,517$13,159
200942.00%9.16%9.56%10.61%12.78%31.31%0.36%0.01%$18,894$18,030$14,417
200951.59%5.51%5.62%5.38%14.35%2.36%0.85%0.00%$19,195$19,022$15,227
20096-0.09%-0.28%0.22%0.34%-1.32%-3.25%0.54%0.01%$19,178$18,970$15,260
200973.41%6.63%7.58%7.82%9.96%10.64%1.43%0.01%$19,832$20,227$16,417
200981.94%3.78%3.60%3.67%3.42%13.99%1.01%0.01%$20,216$20,991$17,008
200992.29%3.84%3.72%4.18%5.22%6.69%1.19%0.01%$20,680$21,796$17,640
200910-1.07%-1.87%-1.87%-2.57%-2.10%-4.64%0.41%0.00%$20,459$21,388$17,310
2009111.97%4.17%5.98%5.63%3.79%6.85%1.36%0.00%$20,862$22,279$18,346
2009120.98%1.77%1.95%2.86%1.53%7.03%-1.68%0.01%$21,067$22,674$18,703
20101-2.47%-2.47%-3.60%-3.50%-5.07%-5.32%1.57%0.00%$20,546$22,114$18,029
201021.39%1.97%3.09%3.36%0.22%5.55%0.20%0.00%$20,833$22,550$18,586
201032.94%4.80%6.01%6.27%6.71%10.16%-0.08%0.01%$21,445$23,632$19,704
201041.51%1.57%1.58%2.17%-1.71%7.03%0.93%0.01%$21,769$24,002$20,015
20105-3.97%-5.65%-8.00%-8.00%-10.78%-5.41%0.88%0.01%$20,905$22,645$18,414
20106-0.81%-2.55%-5.25%-5.66%-1.17%-5.24%1.61%0.01%$20,735$22,067$17,448
201072.68%5.93%7.00%6.99%10.33%9.73%0.93%0.01%$21,291$23,375$18,668
20108-1.23%-2.14%-4.53%-4.75%-3.22%-1.24%1.48%0.01%$21,028$22,875$17,823
201093.98%6.03%8.92%9.47%10.41%4.37%-0.01%0.01%$21,865$24,255$19,412
2010101.97%2.88%3.79%3.94%3.55%4.80%0.36%0.01%$22,297$24,953$20,148
201011-0.97%-1.05%0.00%0.58%-4.52%-2.04%-0.57%0.01%$22,080$24,689$20,148
2010122.97%4.50%6.67%6.81%8.34%4.63%-1.14%0.01%$22,736$25,799$21,492
201111.37%1.37%2.36%2.19%0.70%3.32%0.08%0.01%$23,048$26,153$21,998
201122.49%2.50%3.42%3.60%2.71%4.58%0.16%0.01%$23,621$26,808$22,750
20113-0.05%-0.05%0.03%0.45%-0.43%-1.44%-0.00%0.01%$23,611$26,794$22,756
201142.34%3.23%2.95%2.99%5.24%5.66%1.32%0.00%$24,164$27,658$23,427
20115-0.51%-0.54%-1.15%-1.16%-2.87%1.36%1.31%0.00%$24,041$27,509$23,158
20116-1.35%-1.49%-1.67%-1.79%-1.51%-3.35%-0.39%0.00%$23,715$27,098$22,771
20117-0.42%-0.59%-2.05%-2.25%-1.53%1.55%1.57%0.00%$23,617$26,937$22,305
20118-2.95%-4.20%-5.45%-6.02%-8.45%-5.53%1.47%0.01%$22,919$25,805$21,090
20119-1.53%-6.20%-7.04%-7.75%-12.29%-10.98%0.89%0.00%$22,569$24,204$19,605
2011103.23%7.70%10.91%11.51%10.22%14.39%0.16%0.00%$23,298$26,069$21,744
201111-0.42%-1.12%-0.23%-0.29%-2.88%-3.73%-0.30%0.00%$23,200$25,777$21,694
2011120.20%0.68%1.02%0.80%-2.64%4.61%1.08%0.00%$23,246$25,952$21,914
201212.63%4.40%4.46%5.08%7.27%6.49%0.87%0.00%$23,857$27,094$22,893
201222.61%2.64%4.31%4.26%5.14%-1.12%-0.05%0.00%$24,478$27,810$23,879
201231.42%1.44%3.28%3.07%-0.75%5.14%-0.58%0.00%$24,825$28,210$24,662
201240.01%-0.03%-0.64%-0.65%-1.78%2.88%1.14%0.00%$24,828$28,202$24,505
20125-3.61%-5.03%-6.02%-6.24%-11.07%-4.60%0.95%0.01%$23,931$26,783$23,030
201262.80%3.33%4.11%3.91%5.95%5.64%0.04%0.00%$24,602$27,674$23,976
201270.61%1.12%1.37%1.03%0.44%1.93%1.39%0.00%$24,753$27,983$24,305
201281.28%1.54%2.24%2.48%2.72%-0.14%0.03%0.01%$25,072$28,413$24,849
201291.60%1.61%2.58%2.58%3.62%-1.83%0.11%0.01%$25,474$28,869$25,489
201210-0.63%-0.68%-1.86%-1.76%0.56%-0.83%0.12%0.01%$25,315$28,674$25,015
2012110.68%0.69%0.56%0.74%1.82%-0.37%0.20%0.01%$25,487$28,872$25,155
2012121.39%1.66%0.90%1.19%4.17%3.69%-0.20%0.01%$25,841$29,352$25,382
201313.02%3.02%5.18%5.50%3.34%3.71%-0.71%0.00%$26,622$30,240$26,696
201320.55%0.56%1.34%1.28%-1.23%1.24%0.55%0.00%$26,769$30,409$27,054
201331.95%2.10%3.74%3.88%0.90%2.89%0.08%0.00%$27,292$31,046$28,065
201342.31%2.33%1.91%1.70%3.44%6.70%0.91%0.00%$27,923$31,768$28,601
20135-0.63%-0.72%2.33%2.32%-2.95%-5.96%-1.71%0.00%$27,748$31,538$29,266
20136-1.95%-1.92%-1.35%-1.27%-3.75%-1.96%-1.66%0.00%$27,207$30,931$28,871
201371.87%3.37%5.07%5.49%4.56%0.83%0.20%0.00%$27,716$31,975$30,335
20138-2.33%-2.40%-2.91%-2.82%-1.63%-6.86%-0.64%0.00%$27,070$31,206$29,452
201393.53%3.57%3.12%3.66%7.21%3.28%0.96%0.00%$28,024$32,321$30,372
2013103.05%3.16%4.59%4.22%3.41%4.46%0.78%0.00%$28,880$33,344$31,765
2013110.52%0.72%3.03%2.88%0.12%-5.23%-0.35%0.00%$29,029$33,584$32,726
2013121.13%1.30%2.51%2.63%1.25%0.26%-0.65%0.00%$29,358$34,020$33,549
20141-1.32%-1.32%-3.47%-3.11%-4.78%4.19%1.54%0.00%$28,972$33,572$32,385
201423.51%3.57%4.56%4.73%5.39%4.96%0.48%0.00%$29,987$34,771$33,862
201430.29%0.29%0.82%0.51%0.41%0.49%-0.15%0.00%$30,075$34,872$34,141
201440.86%0.88%0.72%0.06%1.31%3.37%0.78%0.00%$30,332$35,178$34,388
201451.80%1.80%2.33%2.17%1.88%2.35%1.05%0.00%$30,877$35,811$35,191
201461.51%1.51%2.05%2.54%1.74%1.14%0.11%0.00%$31,344$36,352$35,914
20147-1.19%-1.18%-1.39%-1.98%-1.61%0.04%-0.26%0.00%$30,972$35,922$35,415
201482.52%2.53%3.99%4.18%1.05%2.97%1.13%0.00%$31,752$36,832$36,827
20149-2.67%-2.72%-1.42%-2.14%-5.01%-6.00%-0.73%0.00%$30,903$35,831$36,305
2014102.31%2.41%2.42%2.74%-0.31%9.93%0.94%0.00%$31,616$36,692$37,185
2014110.98%1.36%2.68%2.41%-0.25%1.98%0.65%0.00%$31,927$37,190$38,182
201412-0.51%-0.41%-0.26%-0.01%-3.65%1.93%0.09%0.00%$31,764$37,036$38,081
201510.25%0.28%-3.01%-2.77%0.13%6.72%2.31%0.00%$31,844$37,141$36,934
201522.47%2.63%5.73%5.76%5.52%-3.59%-1.08%0.00%$32,632$38,116$39,052
20153-0.43%-0.44%-1.59%-1.04%-1.54%1.72%0.40%0.00%$32,491$37,948$38,429
201540.35%0.49%0.95%0.42%5.08%-5.92%-0.36%0.00%$32,607$38,132$38,794
201550.21%0.19%1.27%1.39%-0.94%-0.27%-0.45%0.00%$32,674$38,206$39,288
20156-1.98%-1.98%-1.93%-1.71%-2.69%-4.60%-1.00%0.00%$32,026$37,448$38,528
201571.28%1.23%2.08%1.63%-0.80%5.60%0.76%0.00%$32,436$37,911$39,330
20158-4.59%-4.63%-6.04%-6.01%-7.29%-6.25%-0.35%0.00%$30,946$36,157$36,954
20159-0.71%-1.43%-2.49%-2.95%-3.90%3.02%0.76%0.00%$30,726$35,639$36,034
2015102.84%4.87%8.42%7.84%6.26%5.78%0.01%0.00%$31,600$37,373$39,069
201511-0.19%-0.19%0.29%0.54%-1.32%-0.64%-0.27%0.00%$31,541$37,304$39,181
201512-1.16%-1.16%-1.59%-2.03%-2.07%1.79%-0.38%0.01%$31,175$36,870$38,557
20161-2.34%-3.29%-4.98%-5.67%-5.59%-3.36%1.43%0.01%$30,444$35,656$36,638
20162-0.15%-0.29%-0.15%-0.04%-2.27%-0.43%0.66%0.02%$30,400$35,551$36,585
201633.70%5.65%6.78%7.01%8.19%10.41%0.94%0.02%$31,523$37,558$39,063
201640.50%0.55%0.37%0.63%2.22%-2.41%0.38%0.01%$31,682$37,764$39,209
201650.75%0.75%1.78%1.79%-1.02%2.36%0.02%0.01%$31,921$38,048$39,908
201661.17%1.20%0.25%0.23%-0.94%6.88%1.94%0.02%$32,295$38,503$40,008
201671.75%3.06%3.68%3.95%4.41%4.18%0.64%0.02%$32,861$39,681$41,479
20168-0.17%-0.21%0.13%0.26%0.74%-3.68%-0.17%0.02%$32,805$39,598$41,533
201690.13%0.11%0.01%0.15%1.37%-1.83%-0.08%0.02%$32,847$39,642$41,536
201610-1.44%-2.06%-1.83%-2.21%-1.72%-5.72%-0.80%0.02%$32,373$38,824$40,775
2016110.38%0.39%3.70%4.44%-2.15%-1.73%-2.65%0.01%$32,495$38,975$42,283
2016121.71%1.72%1.96%1.92%2.02%4.66%0.24%0.03%$33,051$39,645$43,113
Portfolio return and risk metrics
MetricTiming ModelBuy & Hold PortfolioVanguard 500 Index Fund
(*) Beta is calculated against Vanguard 500 Index Fund (the selected benchmark). Market correlation is against the US stock market.
Mean Return (monthly)0.52%0.62%0.71%
Mean Return (annualized)6.45%7.74%8.85%
Compound Return (monthly)0.50%0.58%0.61%
Compound Return (annualized)6.16%7.13%7.58%
Volatility (monthly)2.12%3.07%4.41%
Volatility (annualized)7.39%10.77%15.44%
Max. Drawdown-19.04%-39.58%-50.97%
Market Correlation0.900.960.99
Beta(*)0.430.661.00
Alpha (annualized)2.64%1.88%0.00%
R278.35%89.05%100.00%
Sharpe Ratio0.560.500.42
Sortino Ratio0.810.720.60
Treynor Ratio (%)9.768.176.41
Skewness-0.72-0.86-0.62
Excess Kurtosis1.002.541.00
Historical Value-at-Risk (95%)-3.22%-5.21%-7.69%
Delta Normal Value-at-Risk (95%)-3.49%-5.16%-7.25%
Conditional Value-at-Risk (95%)-4.53%-7.14%-9.95%
Positive Periods153 out of 240 (63.75%)152 out of 240 (63.33%)150 out of 240 (62.50%)
Gain/Loss Ratio1.030.970.90

Drawdowns for Timing Portfolio

Drawdowns for Timing Portfolio
RankDrawdown StartDrawdown EndDrawdown LengthRecovery ByRecovery TimeDrawdown
1Sep 2000Sep 20022 years 1 monthDec 20033 years 4 months-19.04%
2Nov 2007Feb 20091 year 4 monthsOct 20103 years-17.26%
3Jul 1998Aug 19982 monthsJan 19997 months-9.85%
4Jun 2015Feb 20169 monthsJul 20161 year 2 months-6.96%
5May 2011Sep 20115 monthsFeb 201210 months-6.60%
6May 2012May 20121 monthAug 20124 months-3.61%
7Aug 1997Aug 19971 monthSep 19972 months-3.54%
8May 2013Aug 20134 monthsSep 20135 months-3.05%
9Jun 2007Jul 20072 monthsOct 20075 months-3.04%
10Oct 1997Oct 19971 monthFeb 19985 months-3.02%
11Jan 2000Jan 20001 monthMar 20003 months-2.91%
12Apr 2004Apr 20041 monthSep 20046 months-2.79%
13Sep 2014Sep 20141 monthNov 20143 months-2.67%
14May 2006May 20061 monthAug 20064 months-2.49%
15Jul 1999Sep 19993 monthsOct 19994 months-2.26%
16Jan 2005Apr 20054 monthsJun 20056 months-2.16%
17Mar 1997Mar 19971 monthMay 19973 months-2.06%
18Apr 2000May 20002 monthsJun 20003 months-2.04%
19Feb 1999Feb 19991 monthMar 19992 months-1.96%
20Oct 2005Oct 20051 monthNov 20052 months-1.90%
21May 1999May 19991 monthJun 19992 months-1.85%
22Aug 2016Oct 20163 monthsDec 20165 months-1.48%
23Jan 2014Jan 20141 monthFeb 20142 months-1.32%
24Jul 2014Jul 20141 monthAug 20142 months-1.19%
25Nov 2010Nov 20101 monthDec 20102 months-0.97%
26May 1998May 19981 monthJun 19982 months-0.92%
27Oct 2012Oct 20121 monthNov 20122 months-0.63%
28Dec 2014Dec 20141 monthFeb 20153 months-0.51%
29Mar 2015Mar 20151 monthMay 20153 months-0.43%
30Feb 2007Feb 20071 monthMar 20072 months-0.42%
31Jul 2000Jul 20001 monthAug 20002 months-0.29%
32Mar 2011Mar 20111 monthApr 20112 months-0.05%

Drawdowns for Buy & Hold Portfolio

Drawdowns for Buy & Hold Portfolio
RankDrawdown StartDrawdown EndDrawdown LengthRecovery ByRecovery TimeDrawdown
1Nov 2007Feb 20091 year 4 monthsJan 20113 years 3 months-39.58%
2Sep 2000Sep 20022 years 1 monthDec 20033 years 4 months-20.73%
3May 2011Sep 20115 monthsFeb 201210 months-12.49%
4Jul 1998Aug 19982 monthsNov 19985 months-10.77%
5Jun 2015Feb 20169 monthsJun 20161 year 1 month-6.95%
6Apr 2012May 20122 monthsAug 20125 months-5.06%
7Apr 2000May 20002 monthsAug 20005 months-4.38%
8Apr 2004Apr 20041 monthSep 20046 months-3.80%
9Aug 1997Aug 19971 monthSep 19972 months-3.61%
10Jun 2007Jul 20072 monthsSep 20074 months-3.61%
11Oct 1997Oct 19971 monthJan 19984 months-3.08%
12Jan 2000Jan 20001 monthMar 20003 months-2.91%
13Sep 2014Sep 20141 monthNov 20143 months-2.72%
14May 2013Jun 20132 monthsJul 20133 months-2.63%
15Feb 1999Feb 19991 monthApr 19993 months-2.63%
16Jul 1999Sep 19993 monthsOct 19994 months-2.57%
17May 2006May 20061 monthAug 20064 months-2.57%
18Aug 2013Aug 20131 monthSep 20132 months-2.40%
19Jan 2005Apr 20054 monthsJun 20056 months-2.22%
20Aug 2016Oct 20163 months-2.16%
21Mar 1997Mar 19971 monthMay 19973 months-2.11%
22Oct 2005Oct 20051 monthNov 20052 months-1.93%
23May 1999May 19991 monthJun 19992 months-1.88%
24Jan 2014Jan 20141 monthFeb 20142 months-1.32%
25May 1998May 19981 monthJun 19982 months-1.25%
26Jul 2014Jul 20141 monthAug 20142 months-1.18%
27Oct 2012Oct 20121 monthNov 20122 months-0.68%
28Feb 2007Feb 20071 monthMar 20072 months-0.45%
29Mar 2015Mar 20151 monthApr 20152 months-0.44%
30Dec 2014Dec 20141 monthFeb 20153 months-0.41%
31Mar 2011Mar 20111 monthApr 20112 months-0.05%

Drawdowns for Vanguard 500 Index Fund

Drawdowns for Vanguard 500 Index Fund
RankDrawdown StartDrawdown EndDrawdown LengthRecovery ByRecovery TimeDrawdown
1Nov 2007Feb 20091 year 4 monthsAug 20124 years 10 months-50.97%
2Sep 2000Sep 20022 years 1 monthNov 20066 years 3 months-44.82%
3Jul 1998Aug 19982 monthsNov 19985 months-15.38%
4Aug 2015Sep 20152 monthsMay 201610 months-8.38%
5Jan 2000Feb 20002 monthsMar 20003 months-6.84%
6Jul 1999Sep 19993 monthsNov 19995 months-6.25%
7Aug 1997Aug 19971 monthNov 19974 months-5.61%
8Apr 2000May 20002 monthsAug 20005 months-4.98%
9Jun 2007Jul 20072 monthsSep 20074 months-4.71%
10Mar 1997Mar 19971 monthApr 19972 months-4.14%
11Jan 2014Jan 20141 monthFeb 20142 months-3.47%
12Dec 2014Jan 20152 monthsFeb 20153 months-3.27%
13Feb 1999Feb 19991 monthMar 19992 months-3.12%
14Aug 2013Aug 20131 monthSep 20132 months-2.91%
15May 1999May 19991 monthJun 19992 months-2.39%
16Feb 2007Feb 20071 monthApr 20073 months-1.97%
17Jun 2015Jun 20151 monthJul 20152 months-1.93%
18Oct 2012Oct 20121 monthJan 20134 months-1.86%
19Oct 2016Oct 20161 monthNov 20162 months-1.83%
20May 1998May 19981 monthJun 19982 months-1.74%
21Mar 2015Mar 20151 monthMay 20153 months-1.59%
22Sep 2014Sep 20141 monthOct 20142 months-1.42%
23Jul 2014Jul 20141 monthAug 20142 months-1.39%
24Jun 2013Jun 20131 monthJul 20132 months-1.35%
Timing periods and related holdings for the timing portfolio
#StartEndMonthsAssetsTiming PortfolioBuy & Hold PortfolioVanguard 500 Index Fund
1Jan 1997Apr 1997440.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
2.00%1.94%8.76%
2May 1997May 1997136.14% Vanguard Total Stock Market Index Fund (VTSMX)
18.07% Vanguard Total International Stock Index Fund (VGTSX)
9.04% Vanguard REIT Index Fund (VGSIX)
27.11% Vanguard Total Bond Market Index Fd (VBMFX)
9.64% Cash (CASHX)
4.30%4.75%6.09%
3Jun 1997Oct 1997540.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
6.24%6.33%8.51%
4Nov 1997Nov 1997121.63% Vanguard Total Stock Market Index Fund (VTSMX)
10.81% Vanguard Total International Stock Index Fund (VGTSX)
5.41% Vanguard REIT Index Fund (VGSIX)
16.22% Vanguard Total Bond Market Index Fd (VBMFX)
45.94% Cash (CASHX)
0.92%1.52%4.60%
5Dec 1997Dec 1997127.25% Vanguard Total Stock Market Index Fund (VTSMX)
13.63% Vanguard Total International Stock Index Fund (VGTSX)
6.81% Vanguard REIT Index Fund (VGSIX)
20.44% Vanguard Total Bond Market Index Fd (VBMFX)
31.86% Cash (CASHX)
1.12%1.46%1.72%
6Jan 1998Jan 1998137.79% Vanguard Total Stock Market Index Fund (VTSMX)
18.89% Vanguard Total International Stock Index Fund (VGTSX)
9.45% Vanguard REIT Index Fund (VGSIX)
28.34% Vanguard Total Bond Market Index Fd (VBMFX)
5.53% Cash (CASHX)
1.02%1.05%1.11%
7Feb 1998Feb 1998133.21% Vanguard Total Stock Market Index Fund (VTSMX)
16.61% Vanguard Total International Stock Index Fund (VGTSX)
8.30% Vanguard REIT Index Fund (VGSIX)
24.91% Vanguard Total Bond Market Index Fd (VBMFX)
16.96% Cash (CASHX)
3.49%4.13%7.19%
8Mar 1998Apr 1998240.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
3.40%3.50%6.16%
9May 1998May 1998133.70% Vanguard Total Stock Market Index Fund (VTSMX)
16.85% Vanguard Total International Stock Index Fund (VGTSX)
8.42% Vanguard REIT Index Fund (VGSIX)
25.27% Vanguard Total Bond Market Index Fd (VBMFX)
15.75% Cash (CASHX)
-0.92%-1.25%-1.74%
10Jun 1998Jun 1998140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
1.60%1.64%4.07%
11Jul 1998Jul 1998136.10% Vanguard Total Stock Market Index Fund (VTSMX)
18.05% Vanguard Total International Stock Index Fund (VGTSX)
9.02% Vanguard REIT Index Fund (VGSIX)
27.07% Vanguard Total Bond Market Index Fd (VBMFX)
9.76% Cash (CASHX)
-1.15%-1.28%-1.05%
12Aug 1998Aug 1998137.79% Vanguard Total Stock Market Index Fund (VTSMX)
18.89% Vanguard Total International Stock Index Fund (VGTSX)
9.45% Vanguard REIT Index Fund (VGSIX)
28.34% Vanguard Total Bond Market Index Fd (VBMFX)
5.54% Cash (CASHX)
-8.80%-9.62%-14.47%
13Sep 1998Sep 1998119.20% Vanguard Total Stock Market Index Fund (VTSMX)
9.60% Vanguard Total International Stock Index Fund (VGTSX)
4.80% Vanguard REIT Index Fund (VGSIX)
14.40% Vanguard Total Bond Market Index Fd (VBMFX)
52.01% Cash (CASHX)
1.89%3.33%6.41%
14Oct 1998Oct 1998118.17% Vanguard Total Stock Market Index Fund (VTSMX)
9.09% Vanguard Total International Stock Index Fund (VGTSX)
4.54% Vanguard REIT Index Fund (VGSIX)
13.63% Vanguard Total Bond Market Index Fd (VBMFX)
54.57% Cash (CASHX)
2.36%4.74%8.16%
15Nov 1998Nov 1998119.33% Vanguard Total Stock Market Index Fund (VTSMX)
9.66% Vanguard Total International Stock Index Fund (VGTSX)
4.83% Vanguard REIT Index Fund (VGSIX)
14.49% Vanguard Total Bond Market Index Fd (VBMFX)
51.69% Cash (CASHX)
2.02%3.90%6.07%
16Dec 1998Dec 1998136.83% Vanguard Total Stock Market Index Fund (VTSMX)
18.42% Vanguard Total International Stock Index Fund (VGTSX)
9.21% Vanguard REIT Index Fund (VGSIX)
27.62% Vanguard Total Bond Market Index Fd (VBMFX)
7.92% Cash (CASHX)
2.95%3.37%5.81%
17Jan 1999Jan 1999139.30% Vanguard Total Stock Market Index Fund (VTSMX)
19.65% Vanguard Total International Stock Index Fund (VGTSX)
9.83% Vanguard REIT Index Fund (VGSIX)
29.48% Vanguard Total Bond Market Index Fd (VBMFX)
1.75% Cash (CASHX)
1.31%1.33%4.20%
18Feb 1999Feb 1999131.24% Vanguard Total Stock Market Index Fund (VTSMX)
15.62% Vanguard Total International Stock Index Fund (VGTSX)
7.81% Vanguard REIT Index Fund (VGSIX)
23.43% Vanguard Total Bond Market Index Fd (VBMFX)
21.91% Cash (CASHX)
-1.96%-2.63%-3.12%
19Mar 1999Mar 1999132.51% Vanguard Total Stock Market Index Fund (VTSMX)
16.25% Vanguard Total International Stock Index Fund (VGTSX)
8.13% Vanguard REIT Index Fund (VGSIX)
24.38% Vanguard Total Bond Market Index Fd (VBMFX)
18.73% Cash (CASHX)
2.27%2.70%4.00%
20Apr 1999Apr 1999134.75% Vanguard Total Stock Market Index Fund (VTSMX)
17.38% Vanguard Total International Stock Index Fund (VGTSX)
8.69% Vanguard REIT Index Fund (VGSIX)
26.07% Vanguard Total Bond Market Index Fd (VBMFX)
13.12% Cash (CASHX)
3.49%3.96%3.85%
21May 1999May 1999140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
-1.85%-1.88%-2.39%
22Jun 1999Jun 1999134.78% Vanguard Total Stock Market Index Fund (VTSMX)
17.39% Vanguard Total International Stock Index Fund (VGTSX)
8.70% Vanguard REIT Index Fund (VGSIX)
26.09% Vanguard Total Bond Market Index Fd (VBMFX)
13.05% Cash (CASHX)
2.32%2.65%5.56%
23Jul 1999Jul 1999138.78% Vanguard Total Stock Market Index Fund (VTSMX)
19.39% Vanguard Total International Stock Index Fund (VGTSX)
9.69% Vanguard REIT Index Fund (VGSIX)
29.08% Vanguard Total Bond Market Index Fd (VBMFX)
3.05% Cash (CASHX)
-1.18%-1.29%-3.13%
24Aug 1999Aug 1999140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
-0.43%-0.43%-0.50%
25Sep 1999Sep 1999134.25% Vanguard Total Stock Market Index Fund (VTSMX)
17.12% Vanguard Total International Stock Index Fund (VGTSX)
8.56% Vanguard REIT Index Fund (VGSIX)
25.69% Vanguard Total Bond Market Index Fd (VBMFX)
14.38% Cash (CASHX)
-0.67%-0.87%-2.74%
26Oct 1999Oct 1999135.22% Vanguard Total Stock Market Index Fund (VTSMX)
17.61% Vanguard Total International Stock Index Fund (VGTSX)
8.81% Vanguard REIT Index Fund (VGSIX)
26.42% Vanguard Total Bond Market Index Fd (VBMFX)
11.94% Cash (CASHX)
2.80%3.21%6.33%
27Nov 1999Nov 1999125.88% Vanguard Total Stock Market Index Fund (VTSMX)
12.94% Vanguard Total International Stock Index Fund (VGTSX)
6.47% Vanguard REIT Index Fund (VGSIX)
19.41% Vanguard Total Bond Market Index Fd (VBMFX)
35.31% Cash (CASHX)
1.46%2.19%2.02%
28Dec 1999Jan 2000240.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
2.02%2.31%0.64%
29Feb 2000Feb 2000124.12% Vanguard Total Stock Market Index Fund (VTSMX)
12.06% Vanguard Total International Stock Index Fund (VGTSX)
6.03% Vanguard REIT Index Fund (VGSIX)
18.09% Vanguard Total Bond Market Index Fd (VBMFX)
39.69% Cash (CASHX)
1.25%1.76%-1.91%
30Mar 2000Mar 2000133.01% Vanguard Total Stock Market Index Fund (VTSMX)
16.50% Vanguard Total International Stock Index Fund (VGTSX)
8.25% Vanguard REIT Index Fund (VGSIX)
24.76% Vanguard Total Bond Market Index Fd (VBMFX)
17.48% Cash (CASHX)
3.17%3.72%9.76%
31Apr 2000Apr 2000124.40% Vanguard Total Stock Market Index Fund (VTSMX)
12.20% Vanguard Total International Stock Index Fund (VGTSX)
6.10% Vanguard REIT Index Fund (VGSIX)
18.30% Vanguard Total Bond Market Index Fd (VBMFX)
39.00% Cash (CASHX)
-1.43%-2.64%-3.01%
32May 2000May 2000119.06% Vanguard Total Stock Market Index Fund (VTSMX)
9.53% Vanguard Total International Stock Index Fund (VGTSX)
4.77% Vanguard REIT Index Fund (VGSIX)
14.30% Vanguard Total Bond Market Index Fd (VBMFX)
52.35% Cash (CASHX)
-0.62%-1.79%-2.04%
33Jun 2000Jun 2000123.12% Vanguard Total Stock Market Index Fund (VTSMX)
11.56% Vanguard Total International Stock Index Fund (VGTSX)
5.78% Vanguard REIT Index Fund (VGSIX)
17.34% Vanguard Total Bond Market Index Fd (VBMFX)
42.20% Cash (CASHX)
2.20%3.47%2.49%
34Jul 2000Jul 2000130.66% Vanguard Total Stock Market Index Fund (VTSMX)
15.33% Vanguard Total International Stock Index Fund (VGTSX)
7.67% Vanguard REIT Index Fund (VGSIX)
23.00% Vanguard Total Bond Market Index Fd (VBMFX)
23.34% Cash (CASHX)
-0.29%-0.36%-1.49%
35Aug 2000Aug 2000132.10% Vanguard Total Stock Market Index Fund (VTSMX)
16.05% Vanguard Total International Stock Index Fund (VGTSX)
8.02% Vanguard REIT Index Fund (VGSIX)
24.07% Vanguard Total Bond Market Index Fd (VBMFX)
19.76% Cash (CASHX)
2.61%2.94%6.19%
36Sep 2000Sep 2000140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
-2.35%-2.20%-5.29%
37Oct 2000Oct 2000137.81% Vanguard Total Stock Market Index Fund (VTSMX)
18.90% Vanguard Total International Stock Index Fund (VGTSX)
9.45% Vanguard REIT Index Fund (VGSIX)
28.35% Vanguard Total Bond Market Index Fd (VBMFX)
5.49% Cash (CASHX)
-1.59%-1.70%-0.43%
38Nov 2000Nov 2000122.39% Vanguard Total Stock Market Index Fund (VTSMX)
11.20% Vanguard Total International Stock Index Fund (VGTSX)
5.60% Vanguard REIT Index Fund (VGSIX)
16.79% Vanguard Total Bond Market Index Fd (VBMFX)
44.02% Cash (CASHX)
-2.13%-3.91%-7.88%
39Dec 2000Dec 2000127.40% Vanguard Total Stock Market Index Fund (VTSMX)
13.70% Vanguard Total International Stock Index Fund (VGTSX)
6.85% Vanguard REIT Index Fund (VGSIX)
20.55% Vanguard Total Bond Market Index Fd (VBMFX)
31.50% Cash (CASHX)
1.99%2.74%0.50%
40Jan 2001Jan 2001121.65% Vanguard Total Stock Market Index Fund (VTSMX)
10.83% Vanguard Total International Stock Index Fund (VGTSX)
5.41% Vanguard REIT Index Fund (VGSIX)
16.24% Vanguard Total Bond Market Index Fd (VBMFX)
45.87% Cash (CASHX)
1.50%2.32%3.55%
41Feb 2001Feb 2001130.69% Vanguard Total Stock Market Index Fund (VTSMX)
15.34% Vanguard Total International Stock Index Fund (VGTSX)
7.67% Vanguard REIT Index Fund (VGSIX)
23.01% Vanguard Total Bond Market Index Fd (VBMFX)
23.29% Cash (CASHX)
-3.89%-5.22%-9.14%
42Mar 2001Mar 2001135.94% Vanguard Total Stock Market Index Fund (VTSMX)
17.97% Vanguard Total International Stock Index Fund (VGTSX)
8.98% Vanguard REIT Index Fund (VGSIX)
26.95% Vanguard Total Bond Market Index Fd (VBMFX)
10.16% Cash (CASHX)
-3.44%-3.73%-6.36%
43Apr 2001Apr 2001119.68% Vanguard Total Stock Market Index Fund (VTSMX)
9.84% Vanguard Total International Stock Index Fund (VGTSX)
4.92% Vanguard REIT Index Fund (VGSIX)
14.76% Vanguard Total Bond Market Index Fd (VBMFX)
50.80% Cash (CASHX)
2.63%4.62%7.77%
44May 2001May 2001118.25% Vanguard Total Stock Market Index Fund (VTSMX)
9.13% Vanguard Total International Stock Index Fund (VGTSX)
4.56% Vanguard REIT Index Fund (VGSIX)
13.69% Vanguard Total Bond Market Index Fd (VBMFX)
54.37% Cash (CASHX)
0.24%0.17%0.65%
45Jun 2001Jun 2001128.49% Vanguard Total Stock Market Index Fund (VTSMX)
14.24% Vanguard Total International Stock Index Fund (VGTSX)
7.12% Vanguard REIT Index Fund (VGSIX)
21.37% Vanguard Total Bond Market Index Fd (VBMFX)
28.78% Cash (CASHX)
-0.40%-0.55%-2.45%
46Jul 2001Jul 2001140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
-0.71%-0.62%-1.00%
47Aug 2001Aug 2001133.40% Vanguard Total Stock Market Index Fund (VTSMX)
16.70% Vanguard Total International Stock Index Fund (VGTSX)
8.35% Vanguard REIT Index Fund (VGSIX)
25.05% Vanguard Total Bond Market Index Fd (VBMFX)
16.50% Cash (CASHX)
-1.76%-1.94%-6.27%
48Sep 2001Sep 2001140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
-5.86%-5.33%-8.09%
49Oct 2001Oct 2001114.22% Vanguard Total Stock Market Index Fund (VTSMX)
7.11% Vanguard Total International Stock Index Fund (VGTSX)
3.56% Vanguard REIT Index Fund (VGSIX)
10.67% Vanguard Total Bond Market Index Fd (VBMFX)
64.44% Cash (CASHX)
0.79%1.65%1.90%
50Nov 2001Nov 2001132.38% Vanguard Total Stock Market Index Fund (VTSMX)
16.19% Vanguard Total International Stock Index Fund (VGTSX)
8.10% Vanguard REIT Index Fund (VGSIX)
24.29% Vanguard Total Bond Market Index Fd (VBMFX)
19.05% Cash (CASHX)
3.22%3.48%7.65%
51Dec 2001Dec 2001134.21% Vanguard Total Stock Market Index Fund (VTSMX)
17.11% Vanguard Total International Stock Index Fund (VGTSX)
8.55% Vanguard REIT Index Fund (VGSIX)
25.66% Vanguard Total Bond Market Index Fd (VBMFX)
14.47% Cash (CASHX)
0.90%0.94%0.87%
52Jan 2002Jan 2002132.43% Vanguard Total Stock Market Index Fund (VTSMX)
16.22% Vanguard Total International Stock Index Fund (VGTSX)
8.11% Vanguard REIT Index Fund (VGSIX)
24.33% Vanguard Total Bond Market Index Fd (VBMFX)
18.92% Cash (CASHX)
-0.96%-1.21%-1.47%
53Feb 2002Feb 2002138.20% Vanguard Total Stock Market Index Fund (VTSMX)
19.10% Vanguard Total International Stock Index Fund (VGTSX)
9.55% Vanguard REIT Index Fund (VGSIX)
28.65% Vanguard Total Bond Market Index Fd (VBMFX)
4.50% Cash (CASHX)
-0.17%-0.18%-1.94%
54Mar 2002Mar 2002132.70% Vanguard Total Stock Market Index Fund (VTSMX)
16.35% Vanguard Total International Stock Index Fund (VGTSX)
8.18% Vanguard REIT Index Fund (VGSIX)
24.53% Vanguard Total Bond Market Index Fd (VBMFX)
18.24% Cash (CASHX)
2.54%3.03%3.74%
55Apr 2002Apr 2002134.15% Vanguard Total Stock Market Index Fund (VTSMX)
17.07% Vanguard Total International Stock Index Fund (VGTSX)
8.54% Vanguard REIT Index Fund (VGSIX)
25.61% Vanguard Total Bond Market Index Fd (VBMFX)
14.63% Cash (CASHX)
-1.09%-1.29%-6.07%
56May 2002May 2002139.00% Vanguard Total Stock Market Index Fund (VTSMX)
19.50% Vanguard Total International Stock Index Fund (VGTSX)
9.75% Vanguard REIT Index Fund (VGSIX)
29.25% Vanguard Total Bond Market Index Fd (VBMFX)
2.51% Cash (CASHX)
0.12%0.16%-0.75%
57Jun 2002Jun 2002133.66% Vanguard Total Stock Market Index Fund (VTSMX)
16.83% Vanguard Total International Stock Index Fund (VGTSX)
8.42% Vanguard REIT Index Fund (VGSIX)
25.25% Vanguard Total Bond Market Index Fd (VBMFX)
15.84% Cash (CASHX)
-2.77%-3.15%-7.13%
58Jul 2002Jul 2002134.17% Vanguard Total Stock Market Index Fund (VTSMX)
17.08% Vanguard Total International Stock Index Fund (VGTSX)
8.54% Vanguard REIT Index Fund (VGSIX)
25.63% Vanguard Total Bond Market Index Fd (VBMFX)
14.58% Cash (CASHX)
-4.72%-5.36%-7.72%
59Aug 2002Aug 2002113.35% Vanguard Total Stock Market Index Fund (VTSMX)
6.67% Vanguard Total International Stock Index Fund (VGTSX)
3.34% Vanguard REIT Index Fund (VGSIX)
10.01% Vanguard Total Bond Market Index Fd (VBMFX)
66.64% Cash (CASHX)
0.33%0.74%0.65%
60Sep 2002Sep 2002118.79% Vanguard Total Stock Market Index Fund (VTSMX)
9.40% Vanguard Total International Stock Index Fund (VGTSX)
4.70% Vanguard REIT Index Fund (VGSIX)
14.09% Vanguard Total Bond Market Index Fd (VBMFX)
53.02% Cash (CASHX)
-2.79%-5.52%-10.87%
61Oct 2002Oct 2002120.45% Vanguard Total Stock Market Index Fund (VTSMX)
10.23% Vanguard Total International Stock Index Fund (VGTSX)
5.11% Vanguard REIT Index Fund (VGSIX)
15.34% Vanguard Total Bond Market Index Fd (VBMFX)
48.87% Cash (CASHX)
1.87%2.78%8.78%
62Nov 2002Nov 2002116.00% Vanguard Total Stock Market Index Fund (VTSMX)
8.00% Vanguard Total International Stock Index Fund (VGTSX)
4.00% Vanguard REIT Index Fund (VGSIX)
12.00% Vanguard Total Bond Market Index Fd (VBMFX)
60.01% Cash (CASHX)
1.61%3.50%6.16%
63Dec 2002Dec 2002127.20% Vanguard Total Stock Market Index Fund (VTSMX)
13.60% Vanguard Total International Stock Index Fund (VGTSX)
6.80% Vanguard REIT Index Fund (VGSIX)
20.40% Vanguard Total Bond Market Index Fd (VBMFX)
32.00% Cash (CASHX)
-1.39%-1.74%-6.14%
64Jan 2003Jan 2003133.25% Vanguard Total Stock Market Index Fund (VTSMX)
16.62% Vanguard Total International Stock Index Fund (VGTSX)
8.31% Vanguard REIT Index Fund (VGSIX)
24.94% Vanguard Total Bond Market Index Fd (VBMFX)
16.88% Cash (CASHX)
-1.57%-1.90%-2.62%
65Feb 2003Feb 2003125.44% Vanguard Total Stock Market Index Fund (VTSMX)
12.72% Vanguard Total International Stock Index Fund (VGTSX)
6.36% Vanguard REIT Index Fund (VGSIX)
19.08% Vanguard Total Bond Market Index Fd (VBMFX)
36.40% Cash (CASHX)
-0.26%-0.44%-1.52%
66Mar 2003Mar 2003132.90% Vanguard Total Stock Market Index Fund (VTSMX)
16.45% Vanguard Total International Stock Index Fund (VGTSX)
8.23% Vanguard REIT Index Fund (VGSIX)
24.68% Vanguard Total Bond Market Index Fd (VBMFX)
17.74% Cash (CASHX)
0.19%0.22%0.96%
67Apr 2003Apr 2003121.62% Vanguard Total Stock Market Index Fund (VTSMX)
10.81% Vanguard Total International Stock Index Fund (VGTSX)
5.40% Vanguard REIT Index Fund (VGSIX)
16.21% Vanguard Total Bond Market Index Fd (VBMFX)
45.96% Cash (CASHX)
3.23%5.78%8.25%
68May 2003May 2003132.45% Vanguard Total Stock Market Index Fund (VTSMX)
16.23% Vanguard Total International Stock Index Fund (VGTSX)
8.11% Vanguard REIT Index Fund (VGSIX)
24.34% Vanguard Total Bond Market Index Fd (VBMFX)
18.87% Cash (CASHX)
3.89%4.79%5.26%
69Jun 2003Jun 2003137.55% Vanguard Total Stock Market Index Fund (VTSMX)
18.78% Vanguard Total International Stock Index Fund (VGTSX)
9.39% Vanguard REIT Index Fund (VGSIX)
28.16% Vanguard Total Bond Market Index Fd (VBMFX)
6.12% Cash (CASHX)
1.22%1.31%1.26%
70Jul 2003Jul 2003137.11% Vanguard Total Stock Market Index Fund (VTSMX)
18.55% Vanguard Total International Stock Index Fund (VGTSX)
9.28% Vanguard REIT Index Fund (VGSIX)
27.83% Vanguard Total Bond Market Index Fd (VBMFX)
7.24% Cash (CASHX)
1.02%1.20%1.74%
71Aug 2003Aug 2003134.61% Vanguard Total Stock Market Index Fund (VTSMX)
17.31% Vanguard Total International Stock Index Fund (VGTSX)
8.65% Vanguard REIT Index Fund (VGSIX)
25.96% Vanguard Total Bond Market Index Fd (VBMFX)
13.46% Cash (CASHX)
1.49%1.75%1.93%
72Sep 2003Sep 2003140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
1.25%1.19%-1.07%
73Oct 2003Oct 2003139.47% Vanguard Total Stock Market Index Fund (VTSMX)
19.73% Vanguard Total International Stock Index Fund (VGTSX)
9.87% Vanguard REIT Index Fund (VGSIX)
29.60% Vanguard Total Bond Market Index Fd (VBMFX)
1.33% Cash (CASHX)
3.57%3.78%5.64%
74Nov 2003Mar 2004540.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
9.59%9.91%7.89%
75Apr 2004Apr 2004130.25% Vanguard Total Stock Market Index Fund (VTSMX)
15.13% Vanguard Total International Stock Index Fund (VGTSX)
7.56% Vanguard REIT Index Fund (VGSIX)
22.69% Vanguard Total Bond Market Index Fd (VBMFX)
24.37% Cash (CASHX)
-2.79%-3.80%-1.58%
76May 2004May 2004138.90% Vanguard Total Stock Market Index Fund (VTSMX)
19.45% Vanguard Total International Stock Index Fund (VGTSX)
9.73% Vanguard REIT Index Fund (VGSIX)
29.18% Vanguard Total Bond Market Index Fd (VBMFX)
2.74% Cash (CASHX)
1.18%1.18%1.36%
77Jun 2004Jun 2004130.16% Vanguard Total Stock Market Index Fund (VTSMX)
15.08% Vanguard Total International Stock Index Fund (VGTSX)
7.54% Vanguard REIT Index Fund (VGSIX)
22.62% Vanguard Total Bond Market Index Fd (VBMFX)
24.60% Cash (CASHX)
1.35%1.77%1.93%
78Jul 2004Jul 2004138.71% Vanguard Total Stock Market Index Fund (VTSMX)
19.35% Vanguard Total International Stock Index Fund (VGTSX)
9.68% Vanguard REIT Index Fund (VGSIX)
29.03% Vanguard Total Bond Market Index Fd (VBMFX)
3.23% Cash (CASHX)
-1.79%-1.88%-3.31%
79Aug 2004Apr 2005940.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
9.77%9.87%6.32%
80May 2005May 2005135.30% Vanguard Total Stock Market Index Fund (VTSMX)
17.65% Vanguard Total International Stock Index Fund (VGTSX)
8.83% Vanguard REIT Index Fund (VGSIX)
26.48% Vanguard Total Bond Market Index Fd (VBMFX)
11.74% Cash (CASHX)
1.94%2.14%3.17%
81Jun 2005Oct 2005540.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
3.35%3.29%1.97%
82Nov 2005Nov 2005130.59% Vanguard Total Stock Market Index Fund (VTSMX)
15.29% Vanguard Total International Stock Index Fund (VGTSX)
7.65% Vanguard REIT Index Fund (VGSIX)
22.94% Vanguard Total Bond Market Index Fd (VBMFX)
23.53% Cash (CASHX)
2.13%2.71%3.76%
83Dec 2005Jan 2006240.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
4.91%4.94%2.67%
84Feb 2006Feb 2006137.15% Vanguard Total Stock Market Index Fund (VTSMX)
18.57% Vanguard Total International Stock Index Fund (VGTSX)
9.29% Vanguard REIT Index Fund (VGSIX)
27.86% Vanguard Total Bond Market Index Fd (VBMFX)
7.13% Cash (CASHX)
0.17%0.15%0.25%
85Mar 2006May 2006340.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
0.04%0.02%-0.38%
86Jun 2006Jun 2006131.65% Vanguard Total Stock Market Index Fund (VTSMX)
15.82% Vanguard Total International Stock Index Fund (VGTSX)
7.91% Vanguard REIT Index Fund (VGSIX)
23.74% Vanguard Total Bond Market Index Fd (VBMFX)
20.88% Cash (CASHX)
0.52%0.57%0.13%
87Jul 2006Jul 2006125.31% Vanguard Total Stock Market Index Fund (VTSMX)
12.66% Vanguard Total International Stock Index Fund (VGTSX)
6.33% Vanguard REIT Index Fund (VGSIX)
18.99% Vanguard Total Bond Market Index Fd (VBMFX)
36.72% Cash (CASHX)
0.74%0.95%0.61%
88Aug 2006Aug 2006128.95% Vanguard Total Stock Market Index Fund (VTSMX)
14.47% Vanguard Total International Stock Index Fund (VGTSX)
7.24% Vanguard REIT Index Fund (VGSIX)
21.71% Vanguard Total Bond Market Index Fd (VBMFX)
27.63% Cash (CASHX)
1.78%2.32%2.36%
89Sep 2006Feb 2007640.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
9.27%9.43%8.85%
90Mar 2007Mar 2007130.58% Vanguard Total Stock Market Index Fund (VTSMX)
15.29% Vanguard Total International Stock Index Fund (VGTSX)
7.65% Vanguard REIT Index Fund (VGSIX)
22.94% Vanguard Total Bond Market Index Fd (VBMFX)
23.54% Cash (CASHX)
0.69%0.76%1.11%
91Apr 2007Apr 2007128.19% Vanguard Total Stock Market Index Fund (VTSMX)
14.10% Vanguard Total International Stock Index Fund (VGTSX)
7.05% Vanguard REIT Index Fund (VGSIX)
21.14% Vanguard Total Bond Market Index Fd (VBMFX)
29.52% Cash (CASHX)
1.92%2.54%4.42%
92May 2007Jun 2007240.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
0.23%0.29%1.75%
93Jul 2007Jul 2007130.06% Vanguard Total Stock Market Index Fund (VTSMX)
15.03% Vanguard Total International Stock Index Fund (VGTSX)
7.51% Vanguard REIT Index Fund (VGSIX)
22.54% Vanguard Total Bond Market Index Fd (VBMFX)
24.85% Cash (CASHX)
-1.48%-2.08%-3.09%
94Aug 2007Aug 2007127.03% Vanguard Total Stock Market Index Fund (VTSMX)
13.51% Vanguard Total International Stock Index Fund (VGTSX)
6.76% Vanguard REIT Index Fund (VGSIX)
20.27% Vanguard Total Bond Market Index Fd (VBMFX)
32.43% Cash (CASHX)
1.14%1.38%1.50%
95Sep 2007Sep 2007119.12% Vanguard Total Stock Market Index Fund (VTSMX)
9.56% Vanguard Total International Stock Index Fund (VGTSX)
4.78% Vanguard REIT Index Fund (VGSIX)
14.34% Vanguard Total Bond Market Index Fd (VBMFX)
52.21% Cash (CASHX)
1.77%3.39%3.72%
96Oct 2007Oct 2007127.84% Vanguard Total Stock Market Index Fund (VTSMX)
13.92% Vanguard Total International Stock Index Fund (VGTSX)
6.96% Vanguard REIT Index Fund (VGSIX)
20.88% Vanguard Total Bond Market Index Fd (VBMFX)
30.40% Cash (CASHX)
1.71%2.41%1.58%
97Nov 2007Nov 2007130.93% Vanguard Total Stock Market Index Fund (VTSMX)
15.46% Vanguard Total International Stock Index Fund (VGTSX)
7.73% Vanguard REIT Index Fund (VGSIX)
23.19% Vanguard Total Bond Market Index Fd (VBMFX)
22.69% Cash (CASHX)
-2.32%-3.14%-4.19%
98Dec 2007Dec 2007117.36% Vanguard Total Stock Market Index Fund (VTSMX)
8.68% Vanguard Total International Stock Index Fund (VGTSX)
4.34% Vanguard REIT Index Fund (VGSIX)
13.02% Vanguard Total Bond Market Index Fd (VBMFX)
56.59% Cash (CASHX)
-0.33%-1.07%-0.70%
99Jan 2008Jan 2008123.30% Vanguard Total Stock Market Index Fund (VTSMX)
11.65% Vanguard Total International Stock Index Fund (VGTSX)
5.83% Vanguard REIT Index Fund (VGSIX)
17.48% Vanguard Total Bond Market Index Fd (VBMFX)
41.74% Cash (CASHX)
-2.03%-3.64%-6.02%
100Feb 2008Feb 2008120.05% Vanguard Total Stock Market Index Fund (VTSMX)
10.03% Vanguard Total International Stock Index Fund (VGTSX)
5.01% Vanguard REIT Index Fund (VGSIX)
15.04% Vanguard Total Bond Market Index Fd (VBMFX)
49.87% Cash (CASHX)
-0.69%-1.49%-3.25%
101Mar 2008Mar 2008122.69% Vanguard Total Stock Market Index Fund (VTSMX)
11.35% Vanguard Total International Stock Index Fund (VGTSX)
5.67% Vanguard REIT Index Fund (VGSIX)
17.02% Vanguard Total Bond Market Index Fd (VBMFX)
43.27% Cash (CASHX)
0.28%0.39%-0.44%
102Apr 2008Apr 2008116.36% Vanguard Total Stock Market Index Fund (VTSMX)
8.18% Vanguard Total International Stock Index Fund (VGTSX)
4.09% Vanguard REIT Index Fund (VGSIX)
12.27% Vanguard Total Bond Market Index Fd (VBMFX)
59.10% Cash (CASHX)
1.60%3.53%4.86%
103May 2008May 2008126.73% Vanguard Total Stock Market Index Fund (VTSMX)
13.37% Vanguard Total International Stock Index Fund (VGTSX)
6.68% Vanguard REIT Index Fund (VGSIX)
20.05% Vanguard Total Bond Market Index Fd (VBMFX)
33.17% Cash (CASHX)
0.69%0.90%1.28%
104Jun 2008Jun 2008132.70% Vanguard Total Stock Market Index Fund (VTSMX)
16.35% Vanguard Total International Stock Index Fund (VGTSX)
8.18% Vanguard REIT Index Fund (VGSIX)
24.53% Vanguard Total Bond Market Index Fd (VBMFX)
18.24% Cash (CASHX)
-5.00%-6.14%-8.44%
105Jul 2008Jul 2008124.57% Vanguard Total Stock Market Index Fund (VTSMX)
12.29% Vanguard Total International Stock Index Fund (VGTSX)
6.14% Vanguard REIT Index Fund (VGSIX)
18.43% Vanguard Total Bond Market Index Fd (VBMFX)
38.57% Cash (CASHX)
-0.39%-0.67%-0.83%
106Aug 2008Aug 2008119.36% Vanguard Total Stock Market Index Fund (VTSMX)
9.68% Vanguard Total International Stock Index Fund (VGTSX)
4.84% Vanguard REIT Index Fund (VGSIX)
14.52% Vanguard Total Bond Market Index Fd (VBMFX)
51.59% Cash (CASHX)
0.09%0.13%1.45%
107Sep 2008Sep 2008122.58% Vanguard Total Stock Market Index Fund (VTSMX)
11.29% Vanguard Total International Stock Index Fund (VGTSX)
5.64% Vanguard REIT Index Fund (VGSIX)
16.93% Vanguard Total Bond Market Index Fd (VBMFX)
43.56% Cash (CASHX)
-3.70%-6.25%-8.91%
108Oct 2008Oct 200818.59% Vanguard Total Stock Market Index Fund (VTSMX)
4.30% Vanguard Total International Stock Index Fund (VGTSX)
2.15% Vanguard REIT Index Fund (VGSIX)
6.44% Vanguard Total Bond Market Index Fd (VBMFX)
78.52% Cash (CASHX)
-3.24%-14.71%-16.79%
109Nov 2008Nov 200815.42% Vanguard Total Stock Market Index Fund (VTSMX)
2.71% Vanguard Total International Stock Index Fund (VGTSX)
1.35% Vanguard REIT Index Fund (VGSIX)
4.06% Vanguard Total Bond Market Index Fd (VBMFX)
86.45% Cash (CASHX)
-0.74%-4.55%-7.17%
110Dec 2008Dec 200815.82% Vanguard Total Stock Market Index Fund (VTSMX)
2.91% Vanguard Total International Stock Index Fund (VGTSX)
1.46% Vanguard REIT Index Fund (VGSIX)
4.37% Vanguard Total Bond Market Index Fd (VBMFX)
85.45% Cash (CASHX)
0.74%4.58%1.07%
111Jan 2009Jan 200917.69% Vanguard Total Stock Market Index Fund (VTSMX)
3.85% Vanguard Total International Stock Index Fund (VGTSX)
1.92% Vanguard REIT Index Fund (VGSIX)
5.77% Vanguard Total Bond Market Index Fd (VBMFX)
80.77% Cash (CASHX)
-1.47%-7.64%-8.41%
112Feb 2009Feb 2009110.09% Vanguard Total Stock Market Index Fund (VTSMX)
5.04% Vanguard Total International Stock Index Fund (VGTSX)
2.52% Vanguard REIT Index Fund (VGSIX)
7.57% Vanguard Total Bond Market Index Fd (VBMFX)
74.78% Cash (CASHX)
-2.09%-7.97%-10.66%
113Mar 2009Mar 2009111.89% Vanguard Total Stock Market Index Fund (VTSMX)
5.95% Vanguard Total International Stock Index Fund (VGTSX)
2.97% Vanguard REIT Index Fund (VGSIX)
8.92% Vanguard Total Bond Market Index Fd (VBMFX)
70.26% Cash (CASHX)
1.84%5.90%8.76%
114Apr 2009Apr 200917.94% Vanguard Total Stock Market Index Fund (VTSMX)
3.97% Vanguard Total International Stock Index Fund (VGTSX)
1.98% Vanguard REIT Index Fund (VGSIX)
5.95% Vanguard Total Bond Market Index Fd (VBMFX)
80.15% Cash (CASHX)
2.00%9.16%9.56%
115May 2009May 2009111.53% Vanguard Total Stock Market Index Fund (VTSMX)
5.76% Vanguard Total International Stock Index Fund (VGTSX)
2.88% Vanguard REIT Index Fund (VGSIX)
8.65% Vanguard Total Bond Market Index Fd (VBMFX)
71.18% Cash (CASHX)
1.59%5.51%5.62%
116Jun 2009Jun 2009112.69% Vanguard Total Stock Market Index Fund (VTSMX)
6.35% Vanguard Total International Stock Index Fund (VGTSX)
3.17% Vanguard REIT Index Fund (VGSIX)
9.52% Vanguard Total Bond Market Index Fd (VBMFX)
68.27% Cash (CASHX)
-0.09%-0.28%0.22%
117Jul 2009Jul 2009120.60% Vanguard Total Stock Market Index Fund (VTSMX)
10.30% Vanguard Total International Stock Index Fund (VGTSX)
5.15% Vanguard REIT Index Fund (VGSIX)
15.45% Vanguard Total Bond Market Index Fd (VBMFX)
48.50% Cash (CASHX)
3.41%6.63%7.58%
118Aug 2009Aug 2009120.04% Vanguard Total Stock Market Index Fund (VTSMX)
10.02% Vanguard Total International Stock Index Fund (VGTSX)
5.01% Vanguard REIT Index Fund (VGSIX)
15.03% Vanguard Total Bond Market Index Fd (VBMFX)
49.90% Cash (CASHX)
1.94%3.78%3.60%
119Sep 2009Sep 2009124.47% Vanguard Total Stock Market Index Fund (VTSMX)
12.23% Vanguard Total International Stock Index Fund (VGTSX)
6.12% Vanguard REIT Index Fund (VGSIX)
18.35% Vanguard Total Bond Market Index Fd (VBMFX)
38.83% Cash (CASHX)
2.29%3.84%3.72%
120Oct 2009Oct 2009123.95% Vanguard Total Stock Market Index Fund (VTSMX)
11.98% Vanguard Total International Stock Index Fund (VGTSX)
5.99% Vanguard REIT Index Fund (VGSIX)
17.96% Vanguard Total Bond Market Index Fd (VBMFX)
40.12% Cash (CASHX)
-1.07%-1.87%-1.87%
121Nov 2009Nov 2009119.24% Vanguard Total Stock Market Index Fund (VTSMX)
9.62% Vanguard Total International Stock Index Fund (VGTSX)
4.81% Vanguard REIT Index Fund (VGSIX)
14.43% Vanguard Total Bond Market Index Fd (VBMFX)
51.90% Cash (CASHX)
1.97%4.17%5.98%
122Dec 2009Dec 2009123.70% Vanguard Total Stock Market Index Fund (VTSMX)
11.85% Vanguard Total International Stock Index Fund (VGTSX)
5.92% Vanguard REIT Index Fund (VGSIX)
17.77% Vanguard Total Bond Market Index Fd (VBMFX)
40.76% Cash (CASHX)
0.98%1.77%1.95%
123Jan 2010Jan 2010140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
-2.47%-2.47%-3.60%
124Feb 2010Feb 2010127.83% Vanguard Total Stock Market Index Fund (VTSMX)
13.92% Vanguard Total International Stock Index Fund (VGTSX)
6.96% Vanguard REIT Index Fund (VGSIX)
20.88% Vanguard Total Bond Market Index Fd (VBMFX)
30.42% Cash (CASHX)
1.39%1.97%3.09%
125Mar 2010Mar 2010124.25% Vanguard Total Stock Market Index Fund (VTSMX)
12.12% Vanguard Total International Stock Index Fund (VGTSX)
6.06% Vanguard REIT Index Fund (VGSIX)
18.18% Vanguard Total Bond Market Index Fd (VBMFX)
39.38% Cash (CASHX)
2.94%4.80%6.01%
126Apr 2010Apr 2010140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
1.51%1.57%1.58%
127May 2010May 2010128.18% Vanguard Total Stock Market Index Fund (VTSMX)
14.09% Vanguard Total International Stock Index Fund (VGTSX)
7.05% Vanguard REIT Index Fund (VGSIX)
21.14% Vanguard Total Bond Market Index Fd (VBMFX)
29.54% Cash (CASHX)
-3.97%-5.65%-8.00%
128Jun 2010Jun 2010112.92% Vanguard Total Stock Market Index Fund (VTSMX)
6.46% Vanguard Total International Stock Index Fund (VGTSX)
3.23% Vanguard REIT Index Fund (VGSIX)
9.69% Vanguard Total Bond Market Index Fd (VBMFX)
67.71% Cash (CASHX)
-0.81%-2.55%-5.25%
129Jul 2010Jul 2010117.49% Vanguard Total Stock Market Index Fund (VTSMX)
8.74% Vanguard Total International Stock Index Fund (VGTSX)
4.37% Vanguard REIT Index Fund (VGSIX)
13.11% Vanguard Total Bond Market Index Fd (VBMFX)
56.28% Cash (CASHX)
2.68%5.93%7.00%
130Aug 2010Aug 2010122.29% Vanguard Total Stock Market Index Fund (VTSMX)
11.15% Vanguard Total International Stock Index Fund (VGTSX)
5.57% Vanguard REIT Index Fund (VGSIX)
16.72% Vanguard Total Bond Market Index Fd (VBMFX)
44.27% Cash (CASHX)
-1.23%-2.14%-4.53%
131Sep 2010Sep 2010125.22% Vanguard Total Stock Market Index Fund (VTSMX)
12.61% Vanguard Total International Stock Index Fund (VGTSX)
6.31% Vanguard REIT Index Fund (VGSIX)
18.92% Vanguard Total Bond Market Index Fd (VBMFX)
36.94% Cash (CASHX)
3.98%6.03%8.92%
132Oct 2010Oct 2010127.44% Vanguard Total Stock Market Index Fund (VTSMX)
13.72% Vanguard Total International Stock Index Fund (VGTSX)
6.86% Vanguard REIT Index Fund (VGSIX)
20.58% Vanguard Total Bond Market Index Fd (VBMFX)
31.40% Cash (CASHX)
1.97%2.88%3.79%
133Nov 2010Nov 2010137.06% Vanguard Total Stock Market Index Fund (VTSMX)
18.53% Vanguard Total International Stock Index Fund (VGTSX)
9.27% Vanguard REIT Index Fund (VGSIX)
27.80% Vanguard Total Bond Market Index Fd (VBMFX)
7.35% Cash (CASHX)
-0.97%-1.05%0.00%
134Dec 2010Dec 2010126.33% Vanguard Total Stock Market Index Fund (VTSMX)
13.17% Vanguard Total International Stock Index Fund (VGTSX)
6.58% Vanguard REIT Index Fund (VGSIX)
19.75% Vanguard Total Bond Market Index Fd (VBMFX)
34.17% Cash (CASHX)
2.97%4.50%6.67%
135Jan 2011Feb 2011240.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
3.89%3.91%5.85%
136Mar 2011Mar 2011136.95% Vanguard Total Stock Market Index Fund (VTSMX)
18.48% Vanguard Total International Stock Index Fund (VGTSX)
9.24% Vanguard REIT Index Fund (VGSIX)
27.71% Vanguard Total Bond Market Index Fd (VBMFX)
7.62% Cash (CASHX)
-0.05%-0.05%0.03%
137Apr 2011Apr 2011129.25% Vanguard Total Stock Market Index Fund (VTSMX)
14.62% Vanguard Total International Stock Index Fund (VGTSX)
7.31% Vanguard REIT Index Fund (VGSIX)
21.93% Vanguard Total Bond Market Index Fd (VBMFX)
26.89% Cash (CASHX)
2.34%3.23%2.95%
138May 2011May 2011140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
-0.51%-0.54%-1.15%
139Jun 2011Jun 2011136.90% Vanguard Total Stock Market Index Fund (VTSMX)
18.45% Vanguard Total International Stock Index Fund (VGTSX)
9.23% Vanguard REIT Index Fund (VGSIX)
27.68% Vanguard Total Bond Market Index Fd (VBMFX)
7.74% Cash (CASHX)
-1.35%-1.49%-1.67%
140Jul 2011Jul 2011128.61% Vanguard Total Stock Market Index Fund (VTSMX)
14.31% Vanguard Total International Stock Index Fund (VGTSX)
7.15% Vanguard REIT Index Fund (VGSIX)
21.46% Vanguard Total Bond Market Index Fd (VBMFX)
28.47% Cash (CASHX)
-0.42%-0.59%-2.05%
141Aug 2011Aug 2011128.08% Vanguard Total Stock Market Index Fund (VTSMX)
14.04% Vanguard Total International Stock Index Fund (VGTSX)
7.02% Vanguard REIT Index Fund (VGSIX)
21.06% Vanguard Total Bond Market Index Fd (VBMFX)
29.79% Cash (CASHX)
-2.95%-4.20%-5.45%
142Sep 2011Sep 201119.57% Vanguard Total Stock Market Index Fund (VTSMX)
4.78% Vanguard Total International Stock Index Fund (VGTSX)
2.39% Vanguard REIT Index Fund (VGSIX)
7.18% Vanguard Total Bond Market Index Fd (VBMFX)
76.08% Cash (CASHX)
-1.53%-6.20%-7.04%
143Oct 2011Oct 2011115.89% Vanguard Total Stock Market Index Fund (VTSMX)
7.95% Vanguard Total International Stock Index Fund (VGTSX)
3.97% Vanguard REIT Index Fund (VGSIX)
11.92% Vanguard Total Bond Market Index Fd (VBMFX)
60.26% Cash (CASHX)
3.23%7.70%10.91%
144Nov 2011Nov 2011114.64% Vanguard Total Stock Market Index Fund (VTSMX)
7.32% Vanguard Total International Stock Index Fund (VGTSX)
3.66% Vanguard REIT Index Fund (VGSIX)
10.98% Vanguard Total Bond Market Index Fd (VBMFX)
63.40% Cash (CASHX)
-0.42%-1.12%-0.23%
145Dec 2011Dec 2011113.96% Vanguard Total Stock Market Index Fund (VTSMX)
6.98% Vanguard Total International Stock Index Fund (VGTSX)
3.49% Vanguard REIT Index Fund (VGSIX)
10.47% Vanguard Total Bond Market Index Fd (VBMFX)
65.09% Cash (CASHX)
0.20%0.68%1.02%
146Jan 2012Jan 2012123.88% Vanguard Total Stock Market Index Fund (VTSMX)
11.94% Vanguard Total International Stock Index Fund (VGTSX)
5.97% Vanguard REIT Index Fund (VGSIX)
17.91% Vanguard Total Bond Market Index Fd (VBMFX)
40.31% Cash (CASHX)
2.63%4.40%4.46%
147Feb 2012Mar 2012240.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
4.06%4.12%7.73%
148Apr 2012Apr 2012136.45% Vanguard Total Stock Market Index Fund (VTSMX)
18.23% Vanguard Total International Stock Index Fund (VGTSX)
9.11% Vanguard REIT Index Fund (VGSIX)
27.34% Vanguard Total Bond Market Index Fd (VBMFX)
8.87% Cash (CASHX)
0.01%-0.03%-0.64%
149May 2012May 2012129.62% Vanguard Total Stock Market Index Fund (VTSMX)
14.81% Vanguard Total International Stock Index Fund (VGTSX)
7.41% Vanguard REIT Index Fund (VGSIX)
22.22% Vanguard Total Bond Market Index Fd (VBMFX)
25.94% Cash (CASHX)
-3.61%-5.03%-6.02%
150Jun 2012Jun 2012133.69% Vanguard Total Stock Market Index Fund (VTSMX)
16.85% Vanguard Total International Stock Index Fund (VGTSX)
8.42% Vanguard REIT Index Fund (VGSIX)
25.27% Vanguard Total Bond Market Index Fd (VBMFX)
15.77% Cash (CASHX)
2.80%3.33%4.11%
151Jul 2012Jul 2012122.13% Vanguard Total Stock Market Index Fund (VTSMX)
11.07% Vanguard Total International Stock Index Fund (VGTSX)
5.53% Vanguard REIT Index Fund (VGSIX)
16.60% Vanguard Total Bond Market Index Fd (VBMFX)
44.67% Cash (CASHX)
0.61%1.12%1.37%
152Aug 2012Aug 2012133.51% Vanguard Total Stock Market Index Fund (VTSMX)
16.76% Vanguard Total International Stock Index Fund (VGTSX)
8.38% Vanguard REIT Index Fund (VGSIX)
25.13% Vanguard Total Bond Market Index Fd (VBMFX)
16.22% Cash (CASHX)
1.28%1.54%2.24%
153Sep 2012Sep 2012140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
1.60%1.61%2.58%
154Oct 2012Oct 2012139.13% Vanguard Total Stock Market Index Fund (VTSMX)
19.56% Vanguard Total International Stock Index Fund (VGTSX)
9.78% Vanguard REIT Index Fund (VGSIX)
29.35% Vanguard Total Bond Market Index Fd (VBMFX)
2.18% Cash (CASHX)
-0.63%-0.68%-1.86%
155Nov 2012Nov 2012140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
0.68%0.69%0.56%
156Dec 2012Dec 2012134.26% Vanguard Total Stock Market Index Fund (VTSMX)
17.13% Vanguard Total International Stock Index Fund (VGTSX)
8.57% Vanguard REIT Index Fund (VGSIX)
25.70% Vanguard Total Bond Market Index Fd (VBMFX)
14.34% Cash (CASHX)
1.39%1.66%0.90%
157Jan 2013Feb 2013240.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
3.59%3.60%6.58%
158Mar 2013Mar 2013138.14% Vanguard Total Stock Market Index Fund (VTSMX)
19.07% Vanguard Total International Stock Index Fund (VGTSX)
9.53% Vanguard REIT Index Fund (VGSIX)
28.60% Vanguard Total Bond Market Index Fd (VBMFX)
4.66% Cash (CASHX)
1.95%2.10%3.74%
159Apr 2013Apr 2013140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
2.31%2.33%1.91%
160May 2013May 2013132.49% Vanguard Total Stock Market Index Fund (VTSMX)
16.24% Vanguard Total International Stock Index Fund (VGTSX)
8.12% Vanguard REIT Index Fund (VGSIX)
24.37% Vanguard Total Bond Market Index Fd (VBMFX)
18.78% Cash (CASHX)
-0.63%-0.72%2.33%
161Jun 2013Jun 2013140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
-1.95%-1.92%-1.35%
162Jul 2013Jul 2013123.07% Vanguard Total Stock Market Index Fund (VTSMX)
11.53% Vanguard Total International Stock Index Fund (VGTSX)
5.77% Vanguard REIT Index Fund (VGSIX)
17.30% Vanguard Total Bond Market Index Fd (VBMFX)
42.34% Cash (CASHX)
1.87%3.37%5.07%
163Aug 2013Oct 2013340.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
4.20%4.28%4.71%
164Nov 2013Nov 2013137.60% Vanguard Total Stock Market Index Fund (VTSMX)
18.80% Vanguard Total International Stock Index Fund (VGTSX)
9.40% Vanguard REIT Index Fund (VGSIX)
28.20% Vanguard Total Bond Market Index Fd (VBMFX)
6.00% Cash (CASHX)
0.52%0.72%3.03%
165Dec 2013Jan 2014240.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
-0.20%-0.03%-1.04%
166Feb 2014Feb 2014138.83% Vanguard Total Stock Market Index Fund (VTSMX)
19.42% Vanguard Total International Stock Index Fund (VGTSX)
9.71% Vanguard REIT Index Fund (VGSIX)
29.13% Vanguard Total Bond Market Index Fd (VBMFX)
2.92% Cash (CASHX)
3.51%3.57%4.56%
167Mar 2014Oct 2014840.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
5.43%5.53%9.81%
168Nov 2014Nov 2014130.01% Vanguard Total Stock Market Index Fund (VTSMX)
15.01% Vanguard Total International Stock Index Fund (VGTSX)
7.50% Vanguard REIT Index Fund (VGSIX)
22.51% Vanguard Total Bond Market Index Fd (VBMFX)
24.96% Cash (CASHX)
0.98%1.36%2.68%
169Dec 2014Dec 2014140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
-0.51%-0.41%-0.26%
170Jan 2015Jan 2015136.08% Vanguard Total Stock Market Index Fund (VTSMX)
18.04% Vanguard Total International Stock Index Fund (VGTSX)
9.02% Vanguard REIT Index Fund (VGSIX)
27.06% Vanguard Total Bond Market Index Fd (VBMFX)
9.80% Cash (CASHX)
0.25%0.28%-3.01%
171Feb 2015Feb 2015136.27% Vanguard Total Stock Market Index Fund (VTSMX)
18.14% Vanguard Total International Stock Index Fund (VGTSX)
9.07% Vanguard REIT Index Fund (VGSIX)
27.20% Vanguard Total Bond Market Index Fd (VBMFX)
9.32% Cash (CASHX)
2.47%2.63%5.73%
172Mar 2015Mar 2015140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
-0.43%-0.44%-1.59%
173Apr 2015Apr 2015129.32% Vanguard Total Stock Market Index Fund (VTSMX)
14.66% Vanguard Total International Stock Index Fund (VGTSX)
7.33% Vanguard REIT Index Fund (VGSIX)
21.99% Vanguard Total Bond Market Index Fd (VBMFX)
26.71% Cash (CASHX)
0.35%0.49%0.95%
174May 2015Aug 2015440.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
-5.09%-5.18%-4.74%
175Sep 2015Sep 2015119.86% Vanguard Total Stock Market Index Fund (VTSMX)
9.93% Vanguard Total International Stock Index Fund (VGTSX)
4.96% Vanguard REIT Index Fund (VGSIX)
14.89% Vanguard Total Bond Market Index Fd (VBMFX)
50.35% Cash (CASHX)
-0.71%-1.43%-2.49%
176Oct 2015Oct 2015122.89% Vanguard Total Stock Market Index Fund (VTSMX)
11.45% Vanguard Total International Stock Index Fund (VGTSX)
5.72% Vanguard REIT Index Fund (VGSIX)
17.17% Vanguard Total Bond Market Index Fd (VBMFX)
42.77% Cash (CASHX)
2.84%4.87%8.42%
177Nov 2015Nov 2015138.90% Vanguard Total Stock Market Index Fund (VTSMX)
19.45% Vanguard Total International Stock Index Fund (VGTSX)
9.73% Vanguard REIT Index Fund (VGSIX)
29.18% Vanguard Total Bond Market Index Fd (VBMFX)
2.75% Cash (CASHX)
-0.19%-0.19%0.29%
178Dec 2015Dec 2015140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
-1.16%-1.16%-1.59%
179Jan 2016Jan 2016128.49% Vanguard Total Stock Market Index Fund (VTSMX)
14.24% Vanguard Total International Stock Index Fund (VGTSX)
7.12% Vanguard REIT Index Fund (VGSIX)
21.37% Vanguard Total Bond Market Index Fd (VBMFX)
28.78% Cash (CASHX)
-2.34%-3.29%-4.98%
180Feb 2016Feb 2016119.77% Vanguard Total Stock Market Index Fund (VTSMX)
9.88% Vanguard Total International Stock Index Fund (VGTSX)
4.94% Vanguard REIT Index Fund (VGSIX)
14.83% Vanguard Total Bond Market Index Fd (VBMFX)
50.58% Cash (CASHX)
-0.15%-0.29%-0.15%
181Mar 2016Mar 2016125.59% Vanguard Total Stock Market Index Fund (VTSMX)
12.79% Vanguard Total International Stock Index Fund (VGTSX)
6.40% Vanguard REIT Index Fund (VGSIX)
19.19% Vanguard Total Bond Market Index Fd (VBMFX)
36.03% Cash (CASHX)
3.70%5.65%6.78%
182Apr 2016Apr 2016135.46% Vanguard Total Stock Market Index Fund (VTSMX)
17.73% Vanguard Total International Stock Index Fund (VGTSX)
8.87% Vanguard REIT Index Fund (VGSIX)
26.60% Vanguard Total Bond Market Index Fd (VBMFX)
11.35% Cash (CASHX)
0.50%0.55%0.37%
183May 2016Jun 2016240.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
1.93%1.96%2.04%
184Jul 2016Jul 2016122.70% Vanguard Total Stock Market Index Fund (VTSMX)
11.35% Vanguard Total International Stock Index Fund (VGTSX)
5.67% Vanguard REIT Index Fund (VGSIX)
17.02% Vanguard Total Bond Market Index Fd (VBMFX)
43.26% Cash (CASHX)
1.75%3.06%3.68%
185Aug 2016Sep 2016240.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
-0.04%-0.10%0.14%
186Oct 2016Oct 2016128.33% Vanguard Total Stock Market Index Fund (VTSMX)
14.17% Vanguard Total International Stock Index Fund (VGTSX)
7.08% Vanguard REIT Index Fund (VGSIX)
21.25% Vanguard Total Bond Market Index Fd (VBMFX)
29.17% Cash (CASHX)
-1.44%-2.06%-1.83%
187Nov 2016Dec 2016240.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
2.09%2.12%5.73%
188Jan 2017Jan 2017140.00% Vanguard Total Stock Market Index Fund (VTSMX)
20.00% Vanguard Total International Stock Index Fund (VGTSX)
10.00% Vanguard REIT Index Fund (VGSIX)
30.00% Vanguard Total Bond Market Index Fd (VBMFX)
---