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.

Seasonal Model

Seasonal model moves the portfolio out of market based on specific calendar months. Sell in May and Go Away model is a well-known example that avoids historical underperformance of some stocks in the six-month period commencing in May and ending in October.

Shiller PE Ratio Market Valuation

Shiller PE Ratio (PE10) market valuation based timing model adjusts the allocation between stocks and bonds based on the start of year Shiller PE Ratio 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 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 adjusted close price is greater than the moving average and the model moves to cash when the 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 adjusted close price is greater than the moving average and the allocation is moved to cash when the 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 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.
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Timing Periods
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Model Simulation Results (Jan 1997 - Oct 2022) Save

Tactical asset allocation model results from Jan 1997 to Oct 2022 are based on the annual target volatility of 8.00%. The tactical asset allocation model adjusts the equity allocation monthly based on realized historical volatility and the specified target volatility using 1 calendar month volatility period. Tactical asset allocation model trades are executed using the end of month close price each month based on the end of month signals. The time period was constrained by the available data for Vanguard Real Estate Index Investor (VGSIX) [Jun 1996 - Oct 2022].

Performance statistics for the timing portfolio and benchmark portfolios
PortfolioInitial BalanceFinal BalanceCAGRStdevBest YearWorst YearMax. DrawdownSharpe RatioSortino RatioMarket Correlation
Target Volatility Model$10,000$42,7635.79%7.50%20.87%-12.35%-18.45% 0.530.760.90
Buy & Hold Portfolio$10,000$54,6016.79%10.94%25.37%-25.82%-39.59% 0.480.680.96
Vanguard 500 Index Investor$10,000$82,1548.49%15.68%33.19%-37.02%-50.97% 0.480.690.99
   

Trailing Returns

Trailing Returns
NameTotal ReturnAnnualized ReturnAnnualized Standard Deviation
3 MonthYear To Date1 year3 year5 year10 yearFull3 year5 year
Target Volatility Model-5.29%-12.35%-11.05%1.32%2.83%5.36%5.79%9.18%8.60%
Buy & Hold Portfolio-8.32%-19.83%-18.46%2.58%4.20%6.69%6.79%14.75%12.78%
Vanguard 500 Index Investor-5.90%-17.80%-14.74%10.07%10.29%12.63%8.49%20.72%18.35%
Trailing return and volatility are as of last full calendar month ending October 2022
Notes on results:
  • IMPORTANT: The projections or other information generated by Portfolio Visualizer regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.
  • The results do not constitute investment advice or recommendation, are provided solely for informational purposes, and are not an offer to buy or sell any securities. All use is subject to terms of service.
  • Investing involves risk, including possible loss of principal. Past performance is not a guarantee of future results.
  • Asset allocation and diversification strategies do not guarantee a profit or protect against a loss.
  • Hypothetical returns do not reflect trading costs, transaction fees, commissions, or actual taxes due on investment returns.
  • The results are based on information from a variety of sources we consider reliable, but we do not represent that the information is accurate or complete.
  • Refer to the related documentation sections for more details on terms and definitions, methodology, and data sources.
  • The simulated performance results are created by retroactively applying the specified investment strategy to historical data. Future results may vary.
  • The results are based on the total return of assets and assume that all received dividends and distributions are reinvested.
  • Compound annualized growth rate (CAGR) is the annualized geometric mean return of the portfolio. It is calculated from the portfolio start and end balance and is thus impacted by any cashflows.
  • The time-weighted rate of return (TWRR) is a measure of the compound rate of growth in a portfolio. This is calculated from the holding period returns (e.g. monthly returns), and TWRR will thus not be impacted by cashflows. If there are no external cashflows, TWRR will equal CAGR.
  • The money-weighted rate of return (MWRR) is the internal rate of return (IRR) taking into account cashflows. This is the discount rate at which the present value of cash inflows equals the present value of cash outflows.
  • Total return is the combined return in income and capital appreciation from investment in an asset. Yield measures the current cash income received from investment in an asset. Bonds provide yield in the form of interest payments and stocks through dividends.
  • Standard deviation (Stdev) is used to measure the dispersion of returns around the mean and is often used as a measure of risk. A higher standard deviation implies greater the dispersion of data points around the mean.
  • Sharpe Ratio is a measure of risk-adjusted performance of the portfolio, and it is calculated by dividing the mean monthly excess return of the portfolio over the risk-free rate by the standard deviation of excess return, and the displayed value is annualized.
  • Sortino Ratio is a measure of risk-adjusted return which is a modification of the Sharpe Ratio. While the latter is the ratio of average returns in excess of a risk-free rate divided by the standard deviation of those excess returns, the Sortino Ratio has the same denominator divided by the standard deviation of returns below the risk-free rate.
  • Treynor Ratio is a measure of risk-adjusted performance of the portfolio. It is similar to the Sharpe Ratio, but it uses portfolio beta (systematic risk) as the risk metric in the denominator.
  • Calmar Ratio is a measure of risk-adjusted performance of the portfolio. It is calculated as the annualized return over the past 36 months divided by the maximum drawdown over the past 36 months based on monthly returns.
  • Risk-free returns are calculated based on the Federal Reserve 3-Month Treasury Bill (secondary market) rates.
  • Downside deviation measures the downside volatility of the portfolio returns unlike standard deviation, which includes both upside and downside deviations. Downside deviation is calculated based on negative returns that hurt the portfolio performance.
  • Skewness is a measure of the asymmetry of the probability distribution or returns from a normal Gaussian distribution shape about its mean. Negative skewness is associated with the left (typically negative returns) tail of the distribution extending further than the right tail; and positive skewness is associated with the right (typically positive returns) tail of the distribution extending further than the left tail.
  • Excess kurtosis is a measure of whether a data distribution is peaked or flat relative to a normal distribution. Distributions with high kurtosis tend to have a distinct peak near the mean, decline rather rapidly, and have heavy or fat tails.
  • A drawdown refers to the decline in value of a single investment or an investment portfolio from a relative peak value to a relative trough. A maximum drawdown (Max Drawdown) is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. Drawdown values are calculated based on monthly returns.
  • Value at Risk (VaR) measures the scale of loss at a given confidence level. If the 5% VaR is -3% the portfolio return is expected to be greater than -3% 95% of the time and less than -3% 5% of the time. Value at Risk can be calculated directly based on historical returns based on a given percentile or analytically based on the mean and standard deviation of the returns.
  • Conditional Value at Risk (CVaR) measures the scale of the expected loss once the specific Value at Risk (VaR) breakpoint has been breached, i.e., it calculates the average tail loss by taking a weighted average between the value at risk and losses exceeding the value at risk.
  • Beta is a measure of systematic risk and measures the volatility of a particular investment relative to the market or its benchmark. Alpha measures the active return of the investment compared to the market benchmark return. R-squared is the percentage of a portfolio's movements that can be explained by movements in the selected benchmark index.
  • Active return is the investment return minus the return of its benchmark. For periods longer than 12 months this is displayed as annualized value, i.e., annualized investment return minus annualized benchmark return.
  • Tracking error, also known as active risk, is the standard deviation of active return. This is displayed as annualized value based on the standard deviation of monthly active returns.
  • Information ratio is the active return divided by the tracking error. It measures whether the investment outperformed its benchmark consistently.
  • Gain/Loss ratio is a measure of downside risk, and it is calculated as the average positive return in up periods divided by the average negative return in down periods.
  • Upside Capture Ratio measures how well the fund performed relative to the benchmark when the market was up, and Downside Capture Ratio measures how well the fund performed relative to the benchmark when the market was down. An upside capture ratio greater than 100 would indicate that the fund outperformed its benchmark when the market was up, and a downside capture ratio below 100 would indicate that the fund lost less than its benchmark when the market was down. To calculate upside capture ratio a new series from the portfolio returns is constructed by dropping all time periods where the benchmark return is less than equal to zero. The up capture is then the quotient of the annualized return of the resulting manager series, divided by the annualized return of the resulting benchmark series. The downside capture ratio is calculated analogously.
  • All risk measures for the portfolio and portfolio assets are calculated based on monthly returns.
  • The annual results for 2022 are based on monthly returns from January to October.
  • The results for the buy-and-hold comparison portfolio assume annual rebalancing.
  • The results for the tactical asset allocation model assume monthly rebalancing trades.
  • Risk free returns (out of market) are based on 3-month treasury bill returns or the selected asset.
  • The volatility signal is based on daily total returns accounting for splits and dividends.
Annual returns for the timing portfolio and various benchmark portfolios
YearInflationTarget Volatility ModelBuy & Hold PortfolioVanguard 500 Index InvestorVanguard Total Stock Mkt Idx Inv (VTSMX)Vanguard Total Intl Stock Index Inv (VGTSX)Vanguard Real Estate Index Investor (VGSIX)Vanguard Total Bond Market Index Inv (VBMFX)Cash (CASHX)
ReturnBalanceReturnBalanceReturnBalance
19971.70%15.08%$11,50816.95%$11,69533.19%$13,31930.99%-0.77%18.77%9.44%5.22%
19981.61%7.47%$12,36713.37%$13,25928.62%$17,13123.26%15.60%-16.32%8.58%4.97%
19992.68%13.09%$13,98614.88%$15,23121.07%$20,74023.81%29.92%-4.04%-0.76%4.77%
20003.39%-0.31%$13,943-1.30%$15,033-9.06%$18,861-10.57%-15.61%26.35%11.39%5.99%
20011.55%-6.21%$13,077-4.65%$14,334-12.02%$16,594-10.97%-20.15%12.35%8.43%3.70%
20022.38%-7.52%$12,094-8.55%$13,108-22.15%$12,919-20.96%-15.08%3.75%8.26%1.65%
20031.88%20.87%$14,61825.37%$16,43428.50%$16,60131.35%40.34%35.65%3.97%1.04%
20043.26%14.16%$16,68813.52%$18,65610.74%$18,38412.51%20.84%30.76%4.24%1.32%
20053.42%6.72%$17,8097.41%$20,0394.77%$19,2625.98%15.57%11.89%2.40%3.14%
20062.54%15.25%$20,52416.32%$23,30915.64%$22,27515.51%26.64%35.07%4.27%4.82%
20074.08%4.66%$21,4815.73%$24,6455.39%$23,4755.49%15.52%-16.46%6.92%4.56%
20080.09%-12.08%$18,887-25.82%$18,280-37.02%$14,784-37.04%-44.10%-37.05%5.05%1.53%
20092.72%11.78%$21,11223.56%$22,58826.49%$18,70028.70%36.73%29.58%5.93%0.16%
20101.50%7.95%$22,79113.82%$25,70914.91%$21,48917.09%11.12%28.30%6.42%0.14%
20112.96%2.24%$23,3010.59%$25,8601.97%$21,9110.96%-14.56%8.47%7.56%0.07%
20121.74%11.17%$25,90413.10%$29,24615.82%$25,37916.25%18.14%17.53%4.05%0.08%
20131.50%13.61%$29,43015.90%$33,89732.18%$33,54433.35%15.04%2.31%-2.26%0.05%
20140.76%8.18%$31,8378.86%$36,90213.51%$38,07612.43%-4.24%30.13%5.76%0.03%
20150.73%-1.85%$31,249-0.45%$36,7371.25%$38,5510.29%-4.37%2.22%0.30%0.05%
20162.07%6.03%$33,1337.53%$39,50211.82%$43,10712.53%4.65%8.34%2.50%0.30%
20172.11%15.08%$38,12915.42%$45,59421.67%$52,44721.05%27.40%4.83%3.46%0.88%
20181.91%-4.54%$36,398-5.64%$43,022-4.52%$50,074-5.26%-14.44%-6.11%-0.13%1.90%
20192.29%17.09%$42,61822.01%$52,49031.33%$65,76130.65%21.43%28.78%8.61%2.13%
20201.36%1.97%$43,45612.39%$58,99118.25%$77,76020.87%11.16%-4.78%7.61%0.44%
20217.04%12.27%$48,78815.45%$68,10428.53%$99,94825.59%8.61%40.19%-1.77%0.04%
20226.89%-12.35%$42,763-19.83%$54,601-17.80%$82,154-18.82%-24.32%-26.87%-15.82%1.11%
Annual return for 2022 is from 01/01/2022 to 10/31/2022
Monthly returns for the timing portfolio and various benchmark portfolios
YearMonthTarget Volatility ModelBuy & Hold PortfolioVanguard 500 Index InvestorVanguard Total Stock Mkt Idx Inv (VTSMX)Vanguard Total Intl Stock Index Inv (VGTSX)Vanguard Real Estate Index Investor (VGSIX)Vanguard Total Bond Market Index Inv (VBMFX)Cash (CASHX)
ReturnBalanceReturnBalanceReturnBalance
199711.80%$10,1801.80%$10,1806.22%$10,6225.46%-2.37%0.16%0.25%0.43%
199720.32%$10,2130.31%$10,2110.79%$10,706-0.11%1.82%-0.32%0.11%0.42%
19973-2.06%$10,003-2.11%$9,996-4.14%$10,263-4.45%-0.10%0.38%-0.97%0.43%
199741.98%$10,2011.98%$10,1945.96%$10,8744.50%0.20%-3.10%1.49%0.44%
199754.05%$10,6144.75%$10,6786.09%$11,5367.10%6.54%2.95%0.87%0.43%
199763.69%$11,0053.73%$11,0764.45%$12,0504.37%5.40%5.13%1.16%0.40%
199774.55%$11,5064.67%$11,5947.97%$13,0107.77%1.59%2.85%2.80%0.43%
19978-3.54%$11,099-3.61%$11,175-5.61%$12,280-3.72%-8.60%-0.75%-0.85%0.43%
199794.77%$11,6284.84%$11,7165.47%$12,9515.77%5.51%9.24%1.45%0.43%
199710-3.02%$11,277-3.08%$11,355-3.35%$12,518-3.40%-9.10%-2.80%1.45%0.41%
1997110.93%$11,3821.52%$11,5274.60%$13,0933.33%-1.19%1.73%0.33%0.43%
1997121.11%$11,5081.46%$11,6951.72%$13,3191.70%0.92%2.48%1.04%0.43%
199811.02%$11,6251.05%$11,8191.11%$13,4670.44%3.04%-1.27%1.32%0.44%
199823.49%$12,0314.13%$12,3077.19%$14,4357.34%6.88%-1.65%-0.10%0.43%
199833.02%$12,3953.08%$12,6865.10%$15,1725.06%3.22%2.55%0.33%0.44%
199840.36%$12,4400.40%$12,7371.01%$15,3251.10%0.53%-3.36%0.51%0.42%
19985-0.92%$12,325-1.25%$12,578-1.74%$15,058-2.71%-1.51%-0.89%1.02%0.41%
199861.60%$12,5231.64%$12,7854.07%$15,6713.54%-0.27%-0.03%0.81%0.41%
19987-1.15%$12,379-1.28%$12,622-1.05%$15,506-2.27%1.08%-6.90%0.23%0.42%
19988-8.80%$11,289-9.62%$11,407-14.47%$13,262-15.65%-13.66%-9.21%1.90%0.42%
199891.86%$11,5003.32%$11,7876.41%$14,1126.68%-2.07%5.99%1.96%0.40%
1998102.38%$11,7734.74%$12,3468.16%$15,2647.51%10.77%-1.81%-0.55%0.36%
1998112.04%$12,0133.90%$12,8276.07%$16,1916.17%5.34%1.58%0.49%0.36%
1998122.95%$12,3673.36%$13,2595.81%$17,1316.45%3.26%-1.80%0.38%0.37%
199911.31%$12,5301.33%$13,4354.20%$17,8513.65%-0.63%-2.44%0.79%0.37%
19992-1.96%$12,284-2.63%$13,082-3.12%$17,293-3.73%-2.16%-1.57%-1.77%0.37%
199932.26%$12,5622.70%$13,4344.00%$17,9843.93%4.97%-0.44%0.56%0.38%
199943.49%$13,0003.96%$13,9663.85%$18,6774.68%5.08%9.55%0.40%0.37%
19995-1.85%$12,759-1.89%$13,703-2.39%$18,231-2.00%-5.00%2.09%-0.88%0.37%
199962.32%$13,0552.65%$14,0675.56%$19,2435.16%4.39%-1.87%-0.50%0.38%
19997-1.18%$12,900-1.29%$13,885-3.13%$18,641-3.20%2.27%-2.91%-0.39%0.39%
19998-0.43%$12,845-0.43%$13,825-0.50%$18,549-0.92%0.33%-1.00%-0.08%0.39%
19999-0.66%$12,760-0.88%$13,704-2.74%$18,041-2.44%0.82%-4.12%1.26%0.41%
1999102.81%$13,1193.23%$14,1476.33%$19,1826.29%3.74%-2.25%0.33%0.40%
1999111.47%$13,3112.17%$14,4542.02%$19,5703.42%4.08%-1.50%0.02%0.42%
1999125.07%$13,9865.38%$15,2315.98%$20,7407.59%9.37%3.07%-0.48%0.43%
20001-2.91%$13,579-2.91%$14,788-5.03%$19,696-4.18%-6.22%0.61%-0.17%0.43%
200021.26%$13,7511.76%$15,048-1.91%$19,3212.54%2.83%-1.51%1.18%0.47%
200033.17%$14,1873.72%$15,6089.75%$21,2055.69%3.48%3.50%1.40%0.47%
20004-1.42%$13,985-2.64%$15,197-3.00%$20,569-5.21%-5.41%6.73%-0.49%0.48%
20005-0.63%$13,897-1.79%$14,925-2.04%$20,150-3.41%-2.67%1.03%-0.16%0.48%
200062.23%$14,2063.47%$15,4422.49%$20,6524.42%4.27%2.49%2.15%0.46%
20007-0.30%$14,164-0.36%$15,387-1.50%$20,343-1.95%-4.46%8.77%0.88%0.48%
200082.61%$14,5342.94%$15,8396.19%$21,6027.28%1.00%-3.99%1.40%0.51%
20009-2.35%$14,193-2.20%$15,491-5.29%$20,459-4.67%-5.00%2.93%0.76%0.52%
200010-1.59%$13,967-1.70%$15,227-0.43%$20,372-2.04%-3.03%-4.63%0.57%0.51%
200011-2.12%$13,670-3.91%$14,632-7.89%$18,765-9.90%-4.44%1.74%1.58%0.52%
2000122.00%$13,9432.74%$15,0330.51%$18,8611.78%3.72%6.88%1.79%0.51%
200111.48%$14,1492.32%$15,3823.55%$19,5303.83%1.10%0.43%1.76%0.48%
20012-3.05%$13,717-5.22%$14,579-9.14%$17,746-9.41%-7.61%-1.72%0.91%0.41%
20013-3.44%$13,245-3.73%$14,035-6.36%$16,618-6.72%-7.15%0.81%0.54%0.40%
200142.61%$13,5904.63%$14,6847.77%$17,9098.16%7.89%2.28%-0.46%0.35%
200150.24%$13,6230.17%$14,7100.65%$18,0251.01%-3.52%2.15%0.73%0.32%
20016-0.50%$13,555-0.55%$14,628-2.45%$17,584-1.64%-3.84%5.92%0.52%0.30%
20017-0.71%$13,458-0.62%$14,537-1.00%$17,409-1.71%-2.43%-2.10%2.23%0.30%
20018-1.74%$13,224-1.94%$14,255-6.27%$16,316-6.00%-2.30%3.54%1.11%0.29%
20019-5.86%$12,449-5.33%$13,495-8.09%$14,996-9.00%-10.73%-3.87%0.89%0.28%
2001100.84%$12,5531.65%$13,7181.90%$15,2802.52%2.97%-3.37%1.86%0.20%
2001113.22%$12,9573.48%$14,1967.65%$16,4507.63%3.56%5.76%-1.34%0.17%
2001120.93%$13,0770.97%$14,3340.87%$16,5941.78%1.35%2.47%-0.58%0.15%
20021-0.98%$12,949-1.24%$14,156-1.47%$16,349-1.24%-4.63%-0.25%0.69%0.14%
20022-0.17%$12,927-0.18%$14,130-1.94%$16,033-2.05%0.90%1.98%0.85%0.14%
200232.54%$13,2563.03%$14,5573.74%$16,6334.38%5.71%6.24%-1.46%0.15%
20024-1.09%$13,111-1.30%$14,368-6.07%$15,622-4.90%0.42%0.62%1.69%0.15%
200250.12%$13,1260.15%$14,391-0.75%$15,505-1.22%1.16%1.30%0.80%0.15%
20026-2.77%$12,763-3.15%$13,937-7.13%$14,398-7.06%-4.28%2.81%0.29%0.14%
20027-4.72%$12,161-5.36%$13,189-7.72%$13,287-8.02%-9.80%-5.28%0.48%0.14%
200280.33%$12,2010.74%$13,2870.65%$13,3740.53%-0.12%0.16%1.66%0.14%
20029-2.79%$11,860-5.52%$12,553-10.87%$11,919-10.07%-10.88%-3.53%1.53%0.14%
2002101.86%$12,0812.78%$12,9038.78%$12,9667.65%5.70%-4.95%-0.61%0.13%
2002111.60%$12,2743.50%$13,3555.88%$13,7286.06%4.75%4.43%0.02%0.12%
200212-1.47%$12,094-1.85%$13,108-5.89%$12,919-5.57%-3.43%0.85%2.07%0.10%
20031-1.67%$11,893-2.02%$12,843-2.62%$12,580-2.54%-3.76%-2.70%0.05%0.10%
20032-0.33%$11,853-0.55%$12,772-1.52%$12,389-1.69%-2.42%1.74%1.38%0.10%
200330.19%$11,8760.22%$12,8010.96%$12,5071.09%-1.93%2.04%-0.13%0.10%
200343.23%$12,2595.78%$13,5408.25%$13,5408.21%9.70%4.05%0.87%0.09%
200353.89%$12,7364.79%$14,1885.26%$14,2526.11%6.15%5.52%1.82%0.09%
200361.22%$12,8911.31%$14,3741.26%$14,4321.43%2.66%2.25%-0.13%0.09%
200371.02%$13,0221.19%$14,5451.74%$14,6842.36%3.18%5.18%-3.34%0.07%
200381.49%$13,2161.74%$14,7991.93%$14,9672.39%2.51%0.65%0.61%0.08%
200391.25%$13,3811.18%$14,974-1.07%$14,807-1.15%2.78%3.41%2.71%0.08%
2003103.57%$13,8593.78%$15,5405.64%$15,6426.12%6.49%1.63%-0.96%0.08%
2003111.49%$14,0661.57%$15,7830.86%$15,7781.38%2.13%4.31%0.27%0.08%
2003123.93%$14,6184.12%$16,4345.22%$16,6014.48%7.80%3.08%0.88%0.08%
200411.90%$14,8961.90%$16,7461.82%$16,9042.23%1.60%4.28%0.86%0.08%
200421.55%$15,1261.55%$17,0051.38%$17,1361.43%2.50%1.64%1.03%0.08%
200430.44%$15,1930.45%$17,082-1.51%$16,877-1.07%0.45%5.43%0.80%0.08%
20044-2.79%$14,769-3.80%$16,432-1.58%$16,611-2.11%-3.14%-14.56%-2.61%0.08%
200451.15%$14,9391.18%$16,6261.36%$16,8361.35%0.46%7.09%-0.43%0.08%
200461.35%$15,1411.77%$16,9211.93%$17,1612.09%2.40%2.79%0.56%0.09%
20047-1.76%$14,874-1.88%$16,603-3.31%$16,593-3.80%-3.34%0.51%0.96%0.11%
200481.64%$15,1181.67%$16,8810.38%$16,6570.31%0.75%7.83%1.94%0.12%
200491.31%$15,3161.29%$17,0981.07%$16,8341.74%2.96%-0.23%0.16%0.13%
2004102.11%$15,6402.15%$17,4661.51%$17,0891.68%3.24%5.39%0.85%0.14%
2004113.49%$16,1863.53%$18,0824.05%$17,7814.68%7.23%4.15%-0.81%0.16%
2004123.10%$16,6883.17%$18,6563.39%$18,3843.63%4.44%4.83%0.92%0.18%
20051-2.05%$16,345-2.05%$18,272-2.45%$17,933-2.68%-1.67%-8.46%0.65%0.18%
200521.86%$16,6491.84%$18,6082.09%$18,3082.07%4.68%2.85%-0.63%0.21%
20053-1.59%$16,385-1.60%$18,311-1.76%$17,986-1.75%-2.93%-1.58%-0.49%0.23%
20054-0.35%$16,327-0.38%$18,240-1.91%$17,642-2.32%-2.07%5.81%1.35%0.23%
200551.94%$16,6432.14%$18,6303.17%$18,2013.77%0.08%3.24%1.05%0.24%
200561.25%$16,8501.25%$18,8630.13%$18,2240.81%1.30%4.96%0.55%0.25%
200572.78%$17,3182.77%$19,3863.71%$18,9004.11%3.68%6.97%-0.99%0.26%
200580.23%$17,3570.18%$19,420-0.91%$18,727-0.94%2.85%-3.74%1.36%0.28%
200591.02%$17,5341.03%$19,6200.79%$18,8760.86%4.73%0.57%-1.10%0.29%
200510-1.90%$17,201-1.93%$19,243-1.68%$18,559-1.86%-3.37%-2.35%-0.81%0.29%
2005112.13%$17,5682.70%$19,7633.76%$19,2583.97%2.67%4.25%0.48%0.33%
2005121.37%$17,8091.39%$20,0390.02%$19,2620.14%5.14%-0.10%0.99%0.32%
200613.49%$18,4313.49%$20,7392.65%$19,7713.50%6.87%7.53%-0.11%0.33%
200620.17%$18,4620.15%$20,7700.26%$19,8230.00%-0.72%1.83%0.37%0.37%
200631.54%$18,7461.59%$21,1001.23%$20,0671.80%3.17%4.83%-1.00%0.38%
200641.04%$18,9411.06%$21,3231.33%$20,3351.11%5.12%-3.63%-0.21%0.38%
20065-2.49%$18,469-2.57%$20,774-2.90%$19,746-3.23%-4.45%-2.80%-0.09%0.39%
200660.52%$18,5650.57%$20,8910.13%$19,7710.17%-0.38%5.29%0.10%0.40%
200670.74%$18,7030.95%$21,0910.61%$19,891-0.13%1.15%3.49%1.35%0.41%
200681.78%$19,0352.32%$21,5812.36%$20,3612.31%2.53%3.72%1.64%0.42%
200691.39%$19,3001.39%$21,8802.56%$20,8832.27%0.25%1.90%0.81%0.41%
2006103.04%$19,8863.13%$22,5643.25%$21,5623.53%4.00%6.11%0.72%0.40%
2006112.44%$20,3712.52%$23,1331.89%$21,9692.23%3.73%4.69%1.11%0.42%
2006120.75%$20,5240.76%$23,3091.39%$22,2751.13%3.09%-1.81%-0.48%0.41%
200711.77%$20,8871.77%$23,7221.49%$22,6071.88%0.96%8.52%-0.08%0.41%
20072-0.42%$20,799-0.45%$23,615-1.97%$22,162-1.61%0.06%-2.41%1.50%0.42%
200730.69%$20,9420.76%$23,7941.11%$22,4091.11%2.80%-2.37%0.02%0.42%
200741.91%$21,3422.54%$24,3984.42%$23,3994.01%3.92%-0.04%0.51%0.41%
200751.85%$21,7371.89%$24,8583.48%$24,2123.69%3.09%-0.11%-0.78%0.40%
20076-1.59%$21,392-1.56%$24,469-1.68%$23,806-1.67%0.61%-9.26%-0.39%0.39%
20077-1.48%$21,075-2.08%$23,961-3.08%$23,072-3.41%-1.06%-7.77%0.84%0.39%
200781.14%$21,3141.38%$24,2911.50%$23,4181.45%-0.72%6.49%1.34%0.40%
200791.77%$21,6933.39%$25,1143.72%$24,2903.59%6.38%4.25%0.72%0.33%
2007101.71%$22,0632.41%$25,7191.58%$24,6731.85%5.90%1.22%0.93%0.31%
200711-2.30%$21,556-3.11%$24,919-4.19%$23,640-4.49%-4.57%-9.32%1.91%0.32%
200712-0.35%$21,481-1.10%$24,645-0.70%$23,475-0.60%-2.28%-5.11%0.22%0.26%
20081-2.02%$21,047-3.67%$23,740-6.02%$22,063-6.08%-8.55%-0.34%1.69%0.28%
20082-0.66%$20,907-1.46%$23,394-3.25%$21,345-3.07%0.33%-3.73%0.19%0.16%
200830.27%$20,9630.39%$23,484-0.44%$21,251-0.58%-0.71%6.45%0.30%0.15%
200841.57%$21,2933.56%$24,3204.85%$22,2835.02%5.85%5.89%-0.30%0.11%
200850.65%$21,4310.87%$24,5321.29%$22,5712.09%1.51%0.14%-0.79%0.12%
20086-5.15%$20,327-6.14%$23,027-8.44%$20,666-8.19%-8.99%-10.77%-0.01%0.15%
20087-0.39%$20,249-0.67%$22,874-0.83%$20,494-0.77%-3.67%3.15%0.00%0.16%
200880.09%$20,2680.13%$22,9031.45%$20,7911.58%-5.10%2.25%0.70%0.14%
20089-3.70%$19,518-6.25%$21,472-8.91%$18,939-9.26%-13.09%-0.11%-1.10%0.14%
200810-3.24%$18,886-14.71%$18,313-16.79%$15,759-17.63%-22.09%-31.23%-2.53%0.08%
200811-0.73%$18,747-4.55%$17,480-7.17%$14,628-7.90%-6.29%-23.39%3.64%0.04%
2008120.74%$18,8874.58%$18,2801.07%$14,7841.86%8.16%17.39%3.32%0.00%
20091-1.46%$18,610-7.64%$16,883-8.41%$13,540-8.26%-11.96%-17.39%-0.70%0.01%
20092-2.08%$18,224-7.97%$15,537-10.66%$12,097-10.45%-9.58%-20.76%-0.42%0.02%
200931.84%$18,5595.90%$16,4548.76%$13,1578.65%9.31%3.76%1.48%0.02%
200942.01%$18,9329.16%$17,9619.56%$14,41510.61%12.78%31.31%0.36%0.02%
200951.60%$19,2345.50%$18,9505.62%$15,2255.38%14.35%2.36%0.85%0.01%
20096-0.08%$19,218-0.28%$18,8970.22%$15,2580.34%-1.32%-3.25%0.54%0.01%
200973.41%$19,8746.63%$20,1497.58%$16,4147.82%9.96%10.64%1.43%0.02%
200981.94%$20,2593.78%$20,9113.60%$17,0053.63%3.50%13.99%1.01%0.02%
200992.30%$20,7243.84%$21,7133.72%$17,6374.23%5.15%6.69%1.19%0.01%
200910-1.07%$20,501-1.89%$21,303-1.87%$17,308-2.57%-2.17%-4.64%0.41%0.01%
2009111.98%$20,9074.18%$22,1945.98%$18,3435.63%3.86%6.85%1.36%0.00%
2009120.98%$21,1121.77%$22,5881.95%$18,7002.86%1.53%7.03%-1.68%0.01%
20101-2.47%$20,590-2.47%$22,029-3.60%$18,026-3.50%-5.07%-5.32%1.57%0.01%
201021.39%$20,8771.97%$22,4643.09%$18,5833.36%0.22%5.55%0.20%0.01%
201032.94%$21,4904.79%$23,5396.01%$19,7016.27%6.71%10.09%-0.08%0.01%
201041.56%$21,8241.61%$23,9191.58%$20,0122.17%-1.71%7.09%1.06%0.01%
20105-3.98%$20,955-5.65%$22,566-8.01%$18,410-8.00%-10.78%-5.41%0.87%0.01%
20106-0.81%$20,785-2.55%$21,991-5.24%$17,445-5.66%-1.17%-5.24%1.61%0.01%
201072.68%$21,3435.93%$23,2957.00%$18,6666.99%10.33%9.73%0.94%0.02%
20108-1.23%$21,080-2.14%$22,796-4.53%$17,820-4.75%-3.22%-1.24%1.48%0.01%
201093.97%$21,9176.03%$24,1708.92%$19,4109.47%10.41%4.37%-0.01%0.01%
2010101.98%$22,3502.88%$24,8663.79%$20,1453.94%3.55%4.80%0.36%0.01%
201011-0.97%$22,133-1.05%$24,6030.00%$20,1450.58%-4.52%-2.04%-0.57%0.01%
2010122.97%$22,7914.49%$25,7096.67%$21,4896.81%8.34%4.63%-1.15%0.01%
201111.37%$23,1041.37%$26,0612.36%$21,9952.19%0.70%3.32%0.08%0.01%
201122.49%$23,6782.50%$26,7143.42%$22,7473.60%2.71%4.58%0.16%0.01%
20113-0.05%$23,667-0.05%$26,7000.03%$22,7530.45%-0.43%-1.44%-0.01%0.01%
201142.35%$24,2223.23%$27,5612.95%$23,4232.99%5.24%5.66%1.32%0.01%
20115-0.51%$24,099-0.54%$27,412-1.15%$23,155-1.16%-2.87%1.36%1.30%0.00%
20116-1.35%$23,772-1.49%$27,002-1.67%$22,768-1.79%-1.51%-3.35%-0.39%0.01%
20117-0.42%$23,672-0.60%$26,840-2.05%$22,302-2.28%-1.53%1.55%1.58%0.00%
20118-2.95%$22,974-4.19%$25,714-5.45%$21,087-5.99%-8.45%-5.53%1.46%0.01%
20119-1.53%$22,624-6.20%$24,119-7.04%$19,602-7.75%-12.29%-10.98%0.89%0.00%
2011103.23%$23,3537.70%$25,97710.91%$21,74111.51%10.22%14.39%0.16%0.00%
201111-0.42%$23,255-1.12%$25,685-0.23%$21,691-0.29%-2.88%-3.73%-0.30%0.00%
2011120.20%$23,3010.68%$25,8601.02%$21,9110.80%-2.64%4.61%1.08%0.00%
201212.63%$23,9134.40%$26,9974.46%$22,8895.08%7.27%6.49%0.87%0.00%
201222.61%$24,5362.64%$27,7114.31%$23,8754.26%5.14%-1.12%-0.05%0.01%
201231.42%$24,8841.44%$28,1093.28%$24,6593.07%-0.75%5.14%-0.58%0.01%
201240.01%$24,887-0.03%$28,101-0.64%$24,501-0.65%-1.78%2.88%1.14%0.01%
20125-3.62%$23,985-5.05%$26,683-6.02%$23,027-6.24%-11.14%-4.60%0.95%0.01%
201262.82%$24,6623.34%$27,5744.11%$23,9733.91%6.03%5.64%0.04%0.01%
201270.62%$24,8141.12%$27,8821.37%$24,3011.03%0.44%1.93%1.39%0.01%
201281.29%$25,1331.54%$28,3112.24%$24,8452.48%2.72%-0.14%0.03%0.01%
201291.60%$25,5361.61%$28,7662.58%$25,4862.58%3.62%-1.83%0.11%0.01%
201210-0.63%$25,376-0.68%$28,571-1.86%$25,012-1.76%0.56%-0.83%0.11%0.01%
2012110.68%$25,5490.69%$28,7680.56%$25,1520.74%1.82%-0.37%0.19%0.01%
2012121.39%$25,9041.66%$29,2460.90%$25,3791.19%4.17%3.69%-0.20%0.01%
201313.02%$26,6873.02%$30,1315.18%$26,6925.50%3.34%3.71%-0.71%0.00%
201320.55%$26,8340.56%$30,2991.34%$27,0501.28%-1.23%1.24%0.54%0.01%
201331.93%$27,3512.07%$30,9263.74%$28,0613.88%0.77%2.89%0.08%0.01%
201342.34%$27,9912.35%$31,6541.91%$28,5971.70%3.58%6.70%0.91%0.01%
20135-0.63%$27,816-0.72%$31,4242.33%$29,2622.32%-2.95%-5.96%-1.71%0.00%
20136-1.95%$27,274-1.92%$30,820-1.35%$28,867-1.27%-3.75%-1.96%-1.65%0.00%
201371.87%$27,7853.37%$31,8605.07%$30,3315.49%4.56%0.83%0.20%0.00%
20138-2.33%$27,137-2.41%$31,094-2.91%$29,448-2.82%-1.63%-6.86%-0.64%0.00%
201393.52%$28,0933.57%$32,2043.12%$30,3673.66%7.21%3.28%0.96%0.00%
2013103.05%$28,9513.16%$33,2234.59%$31,7604.22%3.41%4.46%0.78%0.00%
2013110.52%$29,1000.72%$33,4623.03%$32,7222.88%0.12%-5.23%-0.35%0.00%
2013121.13%$29,4301.30%$33,8972.51%$33,5442.63%1.25%0.26%-0.65%0.01%
20141-1.32%$29,043-1.32%$33,451-3.47%$32,381-3.11%-4.78%4.19%1.54%0.01%
201423.49%$30,0573.57%$34,6454.56%$33,8574.73%5.39%4.96%0.48%0.00%
201430.29%$30,1450.29%$34,7460.82%$34,1360.51%0.41%0.49%-0.15%0.00%
201440.86%$30,4030.87%$35,0500.72%$34,3830.06%1.31%3.37%0.77%0.00%
201451.79%$30,9491.80%$35,6812.33%$35,1862.17%1.88%2.35%1.05%0.00%
201461.51%$31,4161.51%$36,2192.05%$35,9082.54%1.74%1.14%0.11%0.00%
20147-1.19%$31,043-1.18%$35,791-1.39%$35,410-1.98%-1.61%0.04%-0.26%0.00%
201482.52%$31,8242.53%$36,6963.98%$36,8204.18%1.05%2.93%1.13%0.00%
20149-2.67%$30,974-2.71%$35,700-1.41%$36,300-2.14%-5.01%-5.96%-0.72%0.00%
2014102.31%$31,6902.41%$36,5592.42%$37,1792.74%-0.31%9.93%0.94%0.00%
2014110.98%$32,0011.36%$37,0552.68%$38,1772.41%-0.25%1.98%0.65%0.00%
201412-0.51%$31,837-0.41%$36,902-0.26%$38,076-0.01%-3.65%1.93%0.09%0.00%
201510.26%$31,9180.28%$37,006-3.02%$36,927-2.77%0.13%6.72%2.31%0.00%
201522.47%$32,7082.63%$37,9775.74%$39,0465.76%5.52%-3.59%-1.08%0.00%
20153-0.43%$32,568-0.44%$37,811-1.59%$38,424-1.04%-1.54%1.72%0.41%0.00%
201540.36%$32,6830.49%$37,9950.95%$38,7890.42%5.08%-5.92%-0.36%0.00%
201550.21%$32,7510.19%$38,0681.27%$39,2821.39%-0.94%-0.27%-0.45%0.00%
20156-1.98%$32,101-1.99%$37,313-1.93%$38,523-1.71%-2.69%-4.60%-1.01%0.00%
201571.28%$32,5121.23%$37,7732.08%$39,3241.63%-0.80%5.60%0.76%0.00%
20158-4.60%$31,016-4.64%$36,022-6.05%$36,946-6.03%-7.29%-6.25%-0.36%0.01%
20159-0.70%$30,798-1.42%$35,509-2.48%$36,028-2.93%-3.90%3.02%0.76%0.01%
2015102.85%$31,6754.87%$37,2388.42%$39,0637.84%6.26%5.78%0.01%0.00%
201511-0.19%$31,615-0.19%$37,1690.29%$39,1750.54%-1.32%-0.64%-0.27%0.01%
201512-1.16%$31,249-1.16%$36,737-1.59%$38,551-2.03%-2.07%1.79%-0.38%0.02%
20161-2.34%$30,517-3.29%$35,527-4.98%$36,632-5.67%-5.59%-3.36%1.43%0.01%
20162-0.14%$30,473-0.29%$35,422-0.15%$36,579-0.04%-2.27%-0.43%0.66%0.03%
201633.70%$31,6005.65%$37,4236.78%$39,0587.01%8.19%10.41%0.94%0.03%
201640.50%$31,7600.55%$37,6280.37%$39,2040.63%2.22%-2.41%0.38%0.02%
201650.75%$31,9990.75%$37,9101.78%$39,9031.79%-1.02%2.36%0.01%0.02%
201661.17%$32,3741.20%$38,3640.25%$40,0020.23%-0.94%6.88%1.94%0.03%
201671.75%$32,9413.06%$39,5383.68%$41,4733.95%4.41%4.18%0.64%0.02%
20168-0.17%$32,886-0.21%$39,4560.13%$41,5270.26%0.74%-3.68%-0.17%0.02%
201690.12%$32,9270.11%$39,4990.01%$41,5300.15%1.37%-1.83%-0.09%0.03%
201610-1.44%$32,453-2.06%$38,683-1.83%$40,769-2.21%-1.72%-5.72%-0.81%0.02%
2016110.38%$32,5750.39%$38,8343.70%$42,2774.44%-2.15%-1.73%-2.64%0.03%
2016121.71%$33,1331.72%$39,5021.96%$43,1071.92%2.02%4.66%0.24%0.04%
201711.62%$33,6701.62%$40,1431.88%$43,9181.91%3.87%-0.04%0.29%0.04%
201722.33%$34,4532.33%$41,0783.96%$45,6593.71%1.50%3.43%0.66%0.04%
201730.33%$34,5680.34%$41,2190.10%$45,7040.07%2.82%-2.36%-0.07%0.04%
201741.10%$34,9491.12%$41,6801.02%$46,1701.05%2.20%0.15%0.76%0.06%
201751.14%$35,3481.17%$42,1681.39%$46,8131.01%3.01%-0.65%0.67%0.07%
201760.69%$35,5910.69%$42,4570.61%$47,0990.92%0.52%2.10%0.01%0.08%
201771.67%$36,1851.71%$43,1852.04%$48,0611.87%3.42%1.23%0.39%0.08%
201780.42%$36,3360.41%$43,3640.29%$48,2020.15%0.64%-0.25%0.85%0.09%
201791.17%$36,7611.22%$43,8942.06%$49,1952.45%1.81%-0.13%-0.54%0.08%
2017101.18%$37,1951.24%$44,4402.32%$50,3352.16%1.94%-1.01%0.11%0.09%
2017111.59%$37,7851.62%$45,1623.06%$51,8753.04%0.78%2.64%-0.17%0.09%
2017120.91%$38,1290.96%$45,5941.10%$52,4470.99%2.01%-0.23%0.44%0.10%
201812.49%$39,0802.49%$46,7305.71%$55,4435.31%5.59%-4.21%-1.09%0.11%
20182-3.59%$37,678-3.60%$45,048-3.69%$53,394-3.72%-5.14%-7.65%-1.03%0.12%
20183-0.10%$37,639-0.42%$44,860-2.56%$52,030-1.99%-0.64%3.83%0.63%0.14%
201840.15%$37,6950.15%$44,9270.37%$52,2240.38%0.83%0.84%-0.83%0.14%
201851.13%$38,1201.26%$45,4932.39%$53,4752.79%-1.92%3.60%0.61%0.15%
201860.28%$38,2260.27%$45,6170.61%$53,7980.68%-2.08%4.13%0.03%0.16%
201871.91%$38,9581.94%$46,5023.71%$55,7943.34%2.48%0.74%0.03%0.16%
201881.34%$39,4791.41%$47,1563.25%$57,6053.44%-2.19%2.46%0.52%0.17%
20189-0.30%$39,360-0.29%$47,0170.55%$57,9240.16%0.30%-2.63%-0.54%0.17%
201810-5.15%$37,334-5.24%$44,553-6.85%$53,957-7.40%-8.35%-2.98%-0.73%0.18%
2018111.13%$37,7551.72%$45,3202.03%$55,0512.06%1.26%4.73%0.53%0.19%
201812-3.59%$36,398-5.07%$43,022-9.04%$50,074-9.29%-4.85%-7.97%1.80%0.19%
201913.17%$37,5506.43%$45,7878.00%$54,0818.59%7.58%11.74%1.01%0.20%
201921.48%$38,1041.83%$46,6273.20%$55,8123.50%1.72%0.72%-0.06%0.20%
201931.72%$38,7611.72%$47,4301.94%$56,8931.44%0.72%4.18%1.96%0.20%
201942.15%$39,5932.20%$48,4724.04%$59,1923.98%2.76%-0.10%0.04%0.20%
20195-3.13%$38,354-3.32%$46,865-6.36%$55,424-6.45%-5.55%0.10%1.83%0.20%
201964.18%$39,9564.50%$48,9737.03%$59,3226.97%5.83%1.69%1.15%0.19%
201970.42%$40,1250.45%$49,1941.43%$60,1681.44%-1.89%1.58%0.23%0.17%
20198-0.07%$40,097-0.13%$49,128-1.59%$59,211-2.03%-2.35%3.76%2.78%0.17%
201990.85%$40,4371.26%$49,7451.86%$60,3121.70%2.72%1.89%-0.60%0.16%
2019101.68%$41,1181.70%$50,5902.15%$61,6112.10%3.38%1.06%0.21%0.15%
2019111.58%$41,7701.63%$51,4153.62%$63,8423.77%1.11%-1.28%-0.06%0.13%
2019122.03%$42,6182.09%$52,4903.01%$65,7612.85%4.27%0.81%-0.15%0.13%
202010.06%$42,6430.06%$52,521-0.05%$65,728-0.08%-3.30%1.17%2.11%0.13%
20202-4.81%$40,592-4.76%$50,022-8.24%$60,311-8.18%-6.72%-7.08%1.71%0.13%
20203-5.76%$38,253-10.45%$44,794-12.37%$52,849-13.78%-16.11%-19.30%-0.59%0.10%
202041.07%$38,6627.75%$48,26512.81%$59,62113.25%8.09%8.87%1.69%0.01%
202050.98%$39,0413.29%$49,8534.76%$62,4575.38%4.80%1.74%0.54%0.01%
202061.05%$39,4522.12%$50,9101.98%$63,6922.28%4.24%2.44%0.70%0.01%
202071.54%$40,0603.83%$52,8595.63%$67,2765.64%4.10%3.56%1.55%0.01%
202083.20%$41,3443.41%$54,6637.18%$72,1047.18%4.31%0.44%-1.02%0.01%
20209-2.06%$40,492-2.07%$53,533-3.81%$69,356-3.57%-1.96%-2.64%0.08%0.01%
202010-0.95%$40,108-1.76%$52,591-2.67%$67,504-2.16%-2.21%-3.09%-0.61%0.01%
2020115.75%$42,4168.59%$57,10810.94%$74,88612.19%12.93%9.67%1.11%0.01%
2020122.45%$43,4563.30%$58,9913.84%$77,7604.45%5.82%2.78%0.15%0.01%
20211-0.39%$43,284-0.39%$58,759-1.02%$76,966-0.34%-0.10%0.00%-0.80%0.01%
202121.20%$43,8031.63%$59,7162.75%$79,0863.19%2.32%3.37%-1.51%0.01%
202131.51%$44,4651.87%$60,8344.37%$82,5433.47%1.69%5.10%-1.38%0.00%
202142.59%$45,6153.79%$63,1385.32%$86,9365.14%2.78%7.97%0.95%0.00%
202150.95%$46,0460.95%$63,7400.69%$87,5330.43%3.14%0.76%0.24%0.00%
202161.12%$46,5611.45%$64,6662.31%$89,5532.53%-0.46%2.62%0.77%0.00%
202171.23%$47,1351.28%$65,4912.38%$91,6821.71%-1.28%4.44%1.21%0.00%
202181.64%$47,9091.73%$66,6273.03%$94,4592.86%1.73%2.15%-0.20%0.01%
20219-3.32%$46,319-3.47%$64,313-4.66%$90,054-4.49%-3.42%-5.66%-0.91%0.00%
2021103.79%$48,0754.12%$66,9646.99%$96,3526.71%2.61%7.03%-0.03%0.00%
202111-1.60%$47,306-1.66%$65,852-0.71%$95,672-1.49%-4.41%-2.18%0.33%0.00%
2021123.13%$48,7883.42%$68,1044.47%$99,9483.81%4.09%9.70%-0.41%0.00%
20221-3.37%$47,142-4.45%$65,071-5.19%$94,765-6.04%-2.84%-8.18%-2.17%0.01%
20222-1.53%$46,422-2.31%$63,567-3.00%$91,922-2.55%-2.97%-3.70%-1.13%0.02%
202230.56%$46,6840.90%$64,1393.69%$95,3173.23%-0.43%6.30%-2.82%0.03%
20224-3.17%$45,205-6.44%$60,008-8.73%$86,996-9.03%-6.26%-4.19%-3.85%0.04%
20225-0.03%$45,191-0.12%$59,9350.17%$87,144-0.27%1.39%-4.64%0.58%0.07%
20226-2.46%$44,080-6.15%$56,251-8.27%$79,941-8.38%-8.31%-7.50%-1.50%0.09%
202272.43%$45,1505.88%$59,5589.21%$87,3039.40%3.63%8.66%2.31%0.14%
20228-2.33%$44,096-3.73%$57,335-4.09%$83,732-3.75%-4.09%-6.05%-2.77%0.20%
20229-4.87%$41,949-8.14%$52,666-9.22%$76,012-9.28%-9.99%-12.86%-4.18%0.24%
2022101.94%$42,7633.67%$54,6018.08%$82,1548.16%3.40%3.49%-1.38%0.27%
Portfolio return and risk metrics
MetricTarget Volatility ModelBuy & Hold PortfolioVanguard 500 Index Investor
Arithmetic Mean (monthly)0.49%0.60%0.79%
Arithmetic Mean (annualized)6.08%7.44%9.84%
Geometric Mean (monthly)0.47%0.55%0.68%
Geometric Mean (annualized)5.79%6.79%8.49%
Standard Deviation (monthly)2.17%3.16%4.53%
Standard Deviation (annualized)7.50%10.94%15.68%
Downside Deviation (monthly)1.45%2.17%3.06%
Maximum Drawdown-18.45%-39.59%-50.97%
Stock Market Correlation0.900.960.99
Beta(*)0.430.661.00
Alpha (annualized)1.90%0.94%-0.00%
R279.50%90.55%100.00%
Sharpe Ratio0.530.480.48
Sortino Ratio0.760.680.69
Treynor Ratio (%)9.417.967.51
Calmar Ratio0.090.110.42
Active Return-2.71%-1.70%N/A
Tracking Error9.61%6.25%N/A
Information Ratio-0.28-0.27N/A
Skewness-0.75-0.82-0.57
Excess Kurtosis0.872.160.84
Historical Value-at-Risk (5%)-3.41%-5.23%-7.95%
Analytical Value-at-Risk (5%)-3.07%-4.59%-6.66%
Conditional Value-at-Risk (5%)-4.70%-7.30%-9.98%
Upside Capture Ratio (%)49.4367.53100.00
Downside Capture Ratio (%)46.9467.16100.00
Safe Withdrawal Rate6.45%7.21%7.44%
Perpetual Withdrawal Rate3.24%4.18%5.73%
Positive Periods202 out of 310 (65.16%)201 out of 310 (64.84%)200 out of 310 (64.52%)
Gain/Loss Ratio0.930.880.85
* Vanguard 500 Index Investor 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 PeriodStartEndTarget Volatility ModelBuy & Hold PortfolioVanguard 500 Index Investor
Asian CrisisJul 1997Jan 1998-3.54%-3.61%-5.61%
Russian Debt DefaultJul 1998Oct 1998-9.85%-10.77%-15.38%
Dotcom CrashMar 2000Oct 2002-18.40%-20.74%-44.82%
Subprime CrisisNov 2007Mar 2009-17.40%-39.59%-50.97%
COVID-19 StartJan 2020Mar 2020-10.30%-14.71%-19.63%

Drawdowns for Target Volatility Model

Drawdowns for Target Volatility Model (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Sep 2000Feb 20032 years 6 monthsDec 200310 months3 years 4 months-18.45%
2Nov 2007Feb 20091 year 4 monthsOct 20101 year 8 months3 years-17.40%
3Jan 2022Sep 20229 months-14.02%
4Feb 2020Mar 20202 monthsDec 20209 months11 months-10.30%
5Jul 1998Aug 19982 monthsJan 19995 months7 months-9.85%
6Sep 2018Dec 20184 monthsApr 20194 months8 months-7.80%
7Jun 2015Feb 20169 monthsJul 20165 months1 year 2 months-6.95%
8May 2011Sep 20115 monthsFeb 20125 months10 months-6.60%
9Feb 2018Mar 20182 monthsAug 20185 months7 months-3.69%
10May 2012May 20121 monthAug 20123 months4 months-3.62%
Worst 10 drawdowns included above

Drawdowns for Buy & Hold Portfolio

Drawdowns for Buy & Hold Portfolio (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Nov 2007Feb 20091 year 4 monthsJan 20111 year 11 months3 years 3 months-39.59%
2Jan 2022Sep 20229 months-22.67%
3Sep 2000Sep 20022 years 1 monthDec 20031 year 3 months3 years 4 months-20.74%
4Feb 2020Mar 20202 monthsJul 20204 months6 months-14.71%
5May 2011Sep 20115 monthsFeb 20125 months10 months-12.49%
6Jul 1998Aug 19982 monthsNov 19983 months5 months-10.77%
7Sep 2018Dec 20184 monthsMar 20193 months7 months-8.77%
8Jun 2015Feb 20169 monthsJun 20164 months1 year 1 month-6.95%
9Apr 2012May 20122 monthsAug 20123 months5 months-5.07%
10Apr 2000May 20002 monthsAug 20003 months5 months-4.38%
Worst 10 drawdowns included above

Drawdowns for Vanguard 500 Index Investor

Drawdowns for Vanguard 500 Index Investor (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Nov 2007Feb 20091 year 4 monthsAug 20123 years 6 months4 years 10 months-50.97%
2Sep 2000Sep 20022 years 1 monthNov 20064 years 2 months6 years 3 months-44.82%
3Jan 2022Sep 20229 months-23.95%
4Jan 2020Mar 20203 monthsJul 20204 months7 months-19.63%
5Jul 1998Aug 19982 monthsNov 19983 months5 months-15.38%
6Oct 2018Dec 20183 monthsApr 20194 months7 months-13.55%
7Aug 2015Sep 20152 monthsMay 20168 months10 months-8.38%
8Jan 2000Feb 20002 monthsMar 20001 month3 months-6.84%
9Sep 2020Oct 20202 monthsNov 20201 month3 months-6.38%
10May 2019May 20191 monthJun 20191 month2 months-6.36%
Worst 10 drawdowns included above
Rolling returns summary
Roll PeriodTarget Volatility ModelBuy & Hold PortfolioVanguard 500 Index Investor
AverageHighLowAverageHighLowAverageHighLow
1 year6.27%27.93%-14.40%7.84%44.58%-33.58%9.93%56.19%-43.32%
3 years5.96%16.43%-5.75%7.16%21.27%-9.22%8.06%27.53%-16.14%
5 years5.94%12.84%-0.85%6.93%17.40%-1.79%7.37%22.85%-6.73%
7 years6.18%8.84%3.74%7.09%12.49%1.37%7.49%17.12%-3.94%
10 years6.25%8.70%3.79%7.06%11.62%1.74%7.40%16.52%-3.51%
15 years6.16%8.25%4.49%6.92%8.99%5.06%7.12%10.77%3.64%
Timing periods and related holdings for the timing portfolio
#StartEndMonthsAssetsTarget Volatility ModelBuy & Hold PortfolioVanguard 500 Index Investor
231Nov 2022Nov 20221Please sign-in for forward signals---
230Oct 2022Oct 2022118.52% Vanguard Total Stock Mkt Idx Inv (VTSMX)
9.26% Vanguard Total Intl Stock Index Inv (VGTSX)
4.63% Vanguard Real Estate Index Investor (VGSIX)
13.89% Vanguard Total Bond Market Index Inv (VBMFX)
53.69% Cash (CASHX)		1.94%3.67%8.08%
229Sep 2022Sep 2022124.08% Vanguard Total Stock Mkt Idx Inv (VTSMX)
12.04% Vanguard Total Intl Stock Index Inv (VGTSX)
6.02% Vanguard Real Estate Index Investor (VGSIX)
18.06% Vanguard Total Bond Market Index Inv (VBMFX)
39.81% Cash (CASHX)		-4.87%-8.14%-9.22%
228Aug 2022Aug 2022125.63% Vanguard Total Stock Mkt Idx Inv (VTSMX)
12.82% Vanguard Total Intl Stock Index Inv (VGTSX)
6.41% Vanguard Real Estate Index Investor (VGSIX)
19.22% Vanguard Total Bond Market Index Inv (VBMFX)
35.92% Cash (CASHX)		-2.33%-3.73%-4.09%
227Jul 2022Jul 2022115.51% Vanguard Total Stock Mkt Idx Inv (VTSMX)
7.75% Vanguard Total Intl Stock Index Inv (VGTSX)
3.88% Vanguard Real Estate Index Investor (VGSIX)
11.63% Vanguard Total Bond Market Index Inv (VBMFX)
61.23% Cash (CASHX)		2.43%5.88%9.21%
226Jun 2022Jun 2022116.20% Vanguard Total Stock Mkt Idx Inv (VTSMX)
8.10% Vanguard Total Intl Stock Index Inv (VGTSX)
4.05% Vanguard Real Estate Index Investor (VGSIX)
12.15% Vanguard Total Bond Market Index Inv (VBMFX)
59.50% Cash (CASHX)		-2.46%-6.15%-8.27%
225May 2022May 2022121.44% Vanguard Total Stock Mkt Idx Inv (VTSMX)
10.72% Vanguard Total Intl Stock Index Inv (VGTSX)
5.36% Vanguard Real Estate Index Investor (VGSIX)
16.08% Vanguard Total Bond Market Index Inv (VBMFX)
46.40% Cash (CASHX)		-0.03%-0.12%0.17%
224Apr 2022Apr 2022119.82% Vanguard Total Stock Mkt Idx Inv (VTSMX)
9.91% Vanguard Total Intl Stock Index Inv (VGTSX)
4.95% Vanguard Real Estate Index Investor (VGSIX)
14.86% Vanguard Total Bond Market Index Inv (VBMFX)
50.45% Cash (CASHX)		-3.17%-6.44%-8.73%
223Mar 2022Mar 2022122.19% Vanguard Total Stock Mkt Idx Inv (VTSMX)
11.10% Vanguard Total Intl Stock Index Inv (VGTSX)
5.55% Vanguard Real Estate Index Investor (VGSIX)
16.65% Vanguard Total Bond Market Index Inv (VBMFX)
44.51% Cash (CASHX)		0.56%0.90%3.69%
222Feb 2022Feb 2022126.37% Vanguard Total Stock Mkt Idx Inv (VTSMX)
13.19% Vanguard Total Intl Stock Index Inv (VGTSX)
6.59% Vanguard Real Estate Index Investor (VGSIX)
19.78% Vanguard Total Bond Market Index Inv (VBMFX)
34.07% Cash (CASHX)		-1.53%-2.31%-3.00%
221Jan 2022Jan 2022130.31% Vanguard Total Stock Mkt Idx Inv (VTSMX)
15.15% Vanguard Total Intl Stock Index Inv (VGTSX)
7.58% Vanguard Real Estate Index Investor (VGSIX)
22.73% Vanguard Total Bond Market Index Inv (VBMFX)
24.23% Cash (CASHX)		-3.37%-4.45%-5.19%
220Dec 2021Dec 2021139.25% Vanguard Total Stock Mkt Idx Inv (VTSMX)
19.63% Vanguard Total Intl Stock Index Inv (VGTSX)
9.81% Vanguard Real Estate Index Investor (VGSIX)
29.44% Vanguard Total Bond Market Index Inv (VBMFX)
1.86% Cash (CASHX)		3.13%3.42%4.47%
219Nov 2021Nov 2021140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-1.60%-1.66%-0.71%
218Oct 2021Oct 2021138.89% Vanguard Total Stock Mkt Idx Inv (VTSMX)
19.45% Vanguard Total Intl Stock Index Inv (VGTSX)
9.72% Vanguard Real Estate Index Investor (VGSIX)
29.17% Vanguard Total Bond Market Index Inv (VBMFX)
2.77% Cash (CASHX)		3.79%4.12%6.99%
217Jul 2021Sep 2021340.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-0.52%-0.54%0.56%
216Jun 2021Jun 2021131.68% Vanguard Total Stock Mkt Idx Inv (VTSMX)
15.84% Vanguard Total Intl Stock Index Inv (VGTSX)
7.92% Vanguard Real Estate Index Investor (VGSIX)
23.76% Vanguard Total Bond Market Index Inv (VBMFX)
20.80% Cash (CASHX)		1.12%1.45%2.31%
215May 2021May 2021140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		0.95%0.95%0.69%
214Apr 2021Apr 2021127.99% Vanguard Total Stock Mkt Idx Inv (VTSMX)
13.99% Vanguard Total Intl Stock Index Inv (VGTSX)
7.00% Vanguard Real Estate Index Investor (VGSIX)
20.99% Vanguard Total Bond Market Index Inv (VBMFX)
30.03% Cash (CASHX)		2.59%3.79%5.32%
213Mar 2021Mar 2021133.16% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.58% Vanguard Total Intl Stock Index Inv (VGTSX)
8.29% Vanguard Real Estate Index Investor (VGSIX)
24.87% Vanguard Total Bond Market Index Inv (VBMFX)
17.10% Cash (CASHX)		1.51%1.87%4.37%
212Feb 2021Feb 2021129.50% Vanguard Total Stock Mkt Idx Inv (VTSMX)
14.75% Vanguard Total Intl Stock Index Inv (VGTSX)
7.38% Vanguard Real Estate Index Investor (VGSIX)
22.13% Vanguard Total Bond Market Index Inv (VBMFX)
26.24% Cash (CASHX)		1.20%1.63%2.75%
211Jan 2021Jan 2021140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-0.39%-0.39%-1.02%
210Dec 2020Dec 2020130.01% Vanguard Total Stock Mkt Idx Inv (VTSMX)
15.01% Vanguard Total Intl Stock Index Inv (VGTSX)
7.50% Vanguard Real Estate Index Investor (VGSIX)
22.51% Vanguard Total Bond Market Index Inv (VBMFX)
24.97% Cash (CASHX)		2.45%3.30%3.84%
209Nov 2020Nov 2020126.25% Vanguard Total Stock Mkt Idx Inv (VTSMX)
13.13% Vanguard Total Intl Stock Index Inv (VGTSX)
6.56% Vanguard Real Estate Index Investor (VGSIX)
19.69% Vanguard Total Bond Market Index Inv (VBMFX)
34.37% Cash (CASHX)		5.75%8.59%10.94%
208Oct 2020Oct 2020121.20% Vanguard Total Stock Mkt Idx Inv (VTSMX)
10.60% Vanguard Total Intl Stock Index Inv (VGTSX)
5.30% Vanguard Real Estate Index Investor (VGSIX)
15.90% Vanguard Total Bond Market Index Inv (VBMFX)
47.00% Cash (CASHX)		-0.95%-1.76%-2.67%
207Sep 2020Sep 2020140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-2.06%-2.07%-3.81%
206Aug 2020Aug 2020136.95% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.47% Vanguard Total Intl Stock Index Inv (VGTSX)
9.24% Vanguard Real Estate Index Investor (VGSIX)
27.71% Vanguard Total Bond Market Index Inv (VBMFX)
7.63% Cash (CASHX)		3.20%3.41%7.18%
205Jul 2020Jul 2020115.75% Vanguard Total Stock Mkt Idx Inv (VTSMX)
7.88% Vanguard Total Intl Stock Index Inv (VGTSX)
3.94% Vanguard Real Estate Index Investor (VGSIX)
11.81% Vanguard Total Bond Market Index Inv (VBMFX)
60.62% Cash (CASHX)		1.54%3.83%5.63%
204Jun 2020Jun 2020118.90% Vanguard Total Stock Mkt Idx Inv (VTSMX)
9.45% Vanguard Total Intl Stock Index Inv (VGTSX)
4.72% Vanguard Real Estate Index Investor (VGSIX)
14.17% Vanguard Total Bond Market Index Inv (VBMFX)
52.76% Cash (CASHX)		1.05%2.12%1.98%
203May 2020May 2020111.30% Vanguard Total Stock Mkt Idx Inv (VTSMX)
5.65% Vanguard Total Intl Stock Index Inv (VGTSX)
2.82% Vanguard Real Estate Index Investor (VGSIX)
8.47% Vanguard Total Bond Market Index Inv (VBMFX)
71.75% Cash (CASHX)		0.98%3.29%4.76%
202Apr 2020Apr 202015.12% Vanguard Total Stock Mkt Idx Inv (VTSMX)
2.56% Vanguard Total Intl Stock Index Inv (VGTSX)
1.28% Vanguard Real Estate Index Investor (VGSIX)
3.84% Vanguard Total Bond Market Index Inv (VBMFX)
87.21% Cash (CASHX)		1.07%7.75%12.81%
201Mar 2020Mar 2020121.44% Vanguard Total Stock Mkt Idx Inv (VTSMX)
10.72% Vanguard Total Intl Stock Index Inv (VGTSX)
5.36% Vanguard Real Estate Index Investor (VGSIX)
16.08% Vanguard Total Bond Market Index Inv (VBMFX)
46.39% Cash (CASHX)		-5.76%-10.45%-12.37%
200Oct 2019Feb 2020540.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		0.38%0.56%-0.00%
199Sep 2019Sep 2019125.53% Vanguard Total Stock Mkt Idx Inv (VTSMX)
12.76% Vanguard Total Intl Stock Index Inv (VGTSX)
6.38% Vanguard Real Estate Index Investor (VGSIX)
19.15% Vanguard Total Bond Market Index Inv (VBMFX)
36.18% Cash (CASHX)		0.85%1.26%1.86%
198Jul 2019Aug 2019240.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		0.35%0.32%-0.19%
197Jun 2019Jun 2019137.28% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.64% Vanguard Total Intl Stock Index Inv (VGTSX)
9.32% Vanguard Real Estate Index Investor (VGSIX)
27.96% Vanguard Total Bond Market Index Inv (VBMFX)
6.79% Cash (CASHX)		4.18%4.50%7.03%
196Mar 2019May 2019340.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		0.66%0.51%-0.69%
195Feb 2019Feb 2019131.95% Vanguard Total Stock Mkt Idx Inv (VTSMX)
15.98% Vanguard Total Intl Stock Index Inv (VGTSX)
7.99% Vanguard Real Estate Index Investor (VGSIX)
23.96% Vanguard Total Bond Market Index Inv (VBMFX)
20.12% Cash (CASHX)		1.48%1.83%3.20%
194Jan 2019Jan 2019119.05% Vanguard Total Stock Mkt Idx Inv (VTSMX)
9.52% Vanguard Total Intl Stock Index Inv (VGTSX)
4.76% Vanguard Real Estate Index Investor (VGSIX)
14.28% Vanguard Total Bond Market Index Inv (VBMFX)
52.39% Cash (CASHX)		3.17%6.43%8.00%
193Dec 2018Dec 2018129.48% Vanguard Total Stock Mkt Idx Inv (VTSMX)
14.74% Vanguard Total Intl Stock Index Inv (VGTSX)
7.37% Vanguard Real Estate Index Investor (VGSIX)
22.11% Vanguard Total Bond Market Index Inv (VBMFX)
26.29% Cash (CASHX)		-3.59%-5.07%-9.04%
192Nov 2018Nov 2018124.73% Vanguard Total Stock Mkt Idx Inv (VTSMX)
12.37% Vanguard Total Intl Stock Index Inv (VGTSX)
6.18% Vanguard Real Estate Index Investor (VGSIX)
18.55% Vanguard Total Bond Market Index Inv (VBMFX)
38.17% Cash (CASHX)		1.13%1.72%2.03%
191Jun 2018Oct 2018540.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-2.06%-2.07%0.90%
190May 2018May 2018134.71% Vanguard Total Stock Mkt Idx Inv (VTSMX)
17.36% Vanguard Total Intl Stock Index Inv (VGTSX)
8.68% Vanguard Real Estate Index Investor (VGSIX)
26.04% Vanguard Total Bond Market Index Inv (VBMFX)
13.21% Cash (CASHX)		1.13%1.26%2.39%
189Apr 2018Apr 2018129.08% Vanguard Total Stock Mkt Idx Inv (VTSMX)
14.54% Vanguard Total Intl Stock Index Inv (VGTSX)
7.27% Vanguard Real Estate Index Investor (VGSIX)
21.81% Vanguard Total Bond Market Index Inv (VBMFX)
27.30% Cash (CASHX)		0.15%0.15%0.37%
188Mar 2018Mar 2018119.43% Vanguard Total Stock Mkt Idx Inv (VTSMX)
9.71% Vanguard Total Intl Stock Index Inv (VGTSX)
4.86% Vanguard Real Estate Index Investor (VGSIX)
14.57% Vanguard Total Bond Market Index Inv (VBMFX)
51.44% Cash (CASHX)		-0.10%-0.42%-2.56%
187Nov 2016Feb 20181640.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		16.10%16.45%30.97%
186Oct 2016Oct 2016128.33% Vanguard Total Stock Mkt Idx Inv (VTSMX)
14.17% Vanguard Total Intl Stock Index Inv (VGTSX)
7.08% Vanguard Real Estate Index Investor (VGSIX)
21.25% Vanguard Total Bond Market Index Inv (VBMFX)
29.17% Cash (CASHX)		-1.44%-2.06%-1.83%
185Aug 2016Sep 2016240.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-0.04%-0.10%0.14%
184Jul 2016Jul 2016122.70% Vanguard Total Stock Mkt Idx Inv (VTSMX)
11.35% Vanguard Total Intl Stock Index Inv (VGTSX)
5.67% Vanguard Real Estate Index Investor (VGSIX)
17.02% Vanguard Total Bond Market Index Inv (VBMFX)
43.26% Cash (CASHX)		1.75%3.06%3.68%
183May 2016Jun 2016240.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		1.93%1.96%2.04%
182Apr 2016Apr 2016135.46% Vanguard Total Stock Mkt Idx Inv (VTSMX)
17.73% Vanguard Total Intl Stock Index Inv (VGTSX)
8.87% Vanguard Real Estate Index Investor (VGSIX)
26.60% Vanguard Total Bond Market Index Inv (VBMFX)
11.35% Cash (CASHX)		0.50%0.55%0.37%
181Mar 2016Mar 2016125.59% Vanguard Total Stock Mkt Idx Inv (VTSMX)
12.79% Vanguard Total Intl Stock Index Inv (VGTSX)
6.40% Vanguard Real Estate Index Investor (VGSIX)
19.19% Vanguard Total Bond Market Index Inv (VBMFX)
36.03% Cash (CASHX)		3.70%5.65%6.78%
180Feb 2016Feb 2016119.77% Vanguard Total Stock Mkt Idx Inv (VTSMX)
9.88% Vanguard Total Intl Stock Index Inv (VGTSX)
4.94% Vanguard Real Estate Index Investor (VGSIX)
14.83% Vanguard Total Bond Market Index Inv (VBMFX)
50.58% Cash (CASHX)		-0.14%-0.29%-0.15%
179Jan 2016Jan 2016128.49% Vanguard Total Stock Mkt Idx Inv (VTSMX)
14.24% Vanguard Total Intl Stock Index Inv (VGTSX)
7.12% Vanguard Real Estate Index Investor (VGSIX)
21.37% Vanguard Total Bond Market Index Inv (VBMFX)
28.78% Cash (CASHX)		-2.34%-3.29%-4.98%
178Dec 2015Dec 2015140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-1.16%-1.16%-1.59%
177Nov 2015Nov 2015138.90% Vanguard Total Stock Mkt Idx Inv (VTSMX)
19.45% Vanguard Total Intl Stock Index Inv (VGTSX)
9.73% Vanguard Real Estate Index Investor (VGSIX)
29.18% Vanguard Total Bond Market Index Inv (VBMFX)
2.74% Cash (CASHX)		-0.19%-0.19%0.29%
176Oct 2015Oct 2015122.91% Vanguard Total Stock Mkt Idx Inv (VTSMX)
11.46% Vanguard Total Intl Stock Index Inv (VGTSX)
5.73% Vanguard Real Estate Index Investor (VGSIX)
17.18% Vanguard Total Bond Market Index Inv (VBMFX)
42.72% Cash (CASHX)		2.85%4.87%8.42%
175Sep 2015Sep 2015119.86% Vanguard Total Stock Mkt Idx Inv (VTSMX)
9.93% Vanguard Total Intl Stock Index Inv (VGTSX)
4.96% Vanguard Real Estate Index Investor (VGSIX)
14.89% Vanguard Total Bond Market Index Inv (VBMFX)
50.36% Cash (CASHX)		-0.70%-1.42%-2.48%
174May 2015Aug 2015440.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-5.10%-5.19%-4.75%
173Apr 2015Apr 2015129.32% Vanguard Total Stock Mkt Idx Inv (VTSMX)
14.66% Vanguard Total Intl Stock Index Inv (VGTSX)
7.33% Vanguard Real Estate Index Investor (VGSIX)
21.99% Vanguard Total Bond Market Index Inv (VBMFX)
26.70% Cash (CASHX)		0.36%0.49%0.95%
172Mar 2015Mar 2015140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-0.43%-0.44%-1.59%
171Feb 2015Feb 2015136.28% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.14% Vanguard Total Intl Stock Index Inv (VGTSX)
9.07% Vanguard Real Estate Index Investor (VGSIX)
27.21% Vanguard Total Bond Market Index Inv (VBMFX)
9.31% Cash (CASHX)		2.47%2.63%5.74%
170Jan 2015Jan 2015136.08% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.04% Vanguard Total Intl Stock Index Inv (VGTSX)
9.02% Vanguard Real Estate Index Investor (VGSIX)
27.06% Vanguard Total Bond Market Index Inv (VBMFX)
9.80% Cash (CASHX)		0.26%0.28%-3.02%
169Dec 2014Dec 2014140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-0.51%-0.41%-0.26%
168Nov 2014Nov 2014130.01% Vanguard Total Stock Mkt Idx Inv (VTSMX)
15.01% Vanguard Total Intl Stock Index Inv (VGTSX)
7.50% Vanguard Real Estate Index Investor (VGSIX)
22.51% Vanguard Total Bond Market Index Inv (VBMFX)
24.97% Cash (CASHX)		0.98%1.36%2.68%
167Mar 2014Oct 2014840.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		5.43%5.53%9.81%
166Feb 2014Feb 2014138.70% Vanguard Total Stock Mkt Idx Inv (VTSMX)
19.35% Vanguard Total Intl Stock Index Inv (VGTSX)
9.67% Vanguard Real Estate Index Investor (VGSIX)
29.02% Vanguard Total Bond Market Index Inv (VBMFX)
3.26% Cash (CASHX)		3.49%3.57%4.56%
165Dec 2013Jan 2014240.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-0.20%-0.03%-1.04%
164Nov 2013Nov 2013137.60% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.80% Vanguard Total Intl Stock Index Inv (VGTSX)
9.40% Vanguard Real Estate Index Investor (VGSIX)
28.20% Vanguard Total Bond Market Index Inv (VBMFX)
6.01% Cash (CASHX)		0.52%0.72%3.03%
163Aug 2013Oct 2013340.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		4.19%4.28%4.71%
162Jul 2013Jul 2013123.07% Vanguard Total Stock Mkt Idx Inv (VTSMX)
11.53% Vanguard Total Intl Stock Index Inv (VGTSX)
5.77% Vanguard Real Estate Index Investor (VGSIX)
17.30% Vanguard Total Bond Market Index Inv (VBMFX)
42.34% Cash (CASHX)		1.87%3.37%5.07%
161Jun 2013Jun 2013140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-1.95%-1.92%-1.35%
160May 2013May 2013132.51% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.26% Vanguard Total Intl Stock Index Inv (VGTSX)
8.13% Vanguard Real Estate Index Investor (VGSIX)
24.38% Vanguard Total Bond Market Index Inv (VBMFX)
18.72% Cash (CASHX)		-0.63%-0.72%2.33%
159Apr 2013Apr 2013140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		2.34%2.35%1.91%
158Mar 2013Mar 2013138.14% Vanguard Total Stock Mkt Idx Inv (VTSMX)
19.07% Vanguard Total Intl Stock Index Inv (VGTSX)
9.53% Vanguard Real Estate Index Investor (VGSIX)
28.60% Vanguard Total Bond Market Index Inv (VBMFX)
4.66% Cash (CASHX)		1.93%2.07%3.74%
157Jan 2013Feb 2013240.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		3.59%3.60%6.58%
156Dec 2012Dec 2012134.27% Vanguard Total Stock Mkt Idx Inv (VTSMX)
17.13% Vanguard Total Intl Stock Index Inv (VGTSX)
8.57% Vanguard Real Estate Index Investor (VGSIX)
25.70% Vanguard Total Bond Market Index Inv (VBMFX)
14.34% Cash (CASHX)		1.39%1.66%0.90%
155Nov 2012Nov 2012140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		0.68%0.69%0.56%
154Oct 2012Oct 2012139.13% Vanguard Total Stock Mkt Idx Inv (VTSMX)
19.56% Vanguard Total Intl Stock Index Inv (VGTSX)
9.78% Vanguard Real Estate Index Investor (VGSIX)
29.35% Vanguard Total Bond Market Index Inv (VBMFX)
2.18% Cash (CASHX)		-0.63%-0.68%-1.86%
153Sep 2012Sep 2012140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		1.60%1.61%2.58%
152Aug 2012Aug 2012133.51% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.76% Vanguard Total Intl Stock Index Inv (VGTSX)
8.38% Vanguard Real Estate Index Investor (VGSIX)
25.13% Vanguard Total Bond Market Index Inv (VBMFX)
16.22% Cash (CASHX)		1.29%1.54%2.24%
151Jul 2012Jul 2012122.17% Vanguard Total Stock Mkt Idx Inv (VTSMX)
11.08% Vanguard Total Intl Stock Index Inv (VGTSX)
5.54% Vanguard Real Estate Index Investor (VGSIX)
16.62% Vanguard Total Bond Market Index Inv (VBMFX)
44.59% Cash (CASHX)		0.62%1.12%1.37%
150Jun 2012Jun 2012133.72% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.86% Vanguard Total Intl Stock Index Inv (VGTSX)
8.43% Vanguard Real Estate Index Investor (VGSIX)
25.29% Vanguard Total Bond Market Index Inv (VBMFX)
15.69% Cash (CASHX)		2.82%3.34%4.11%
149May 2012May 2012129.62% Vanguard Total Stock Mkt Idx Inv (VTSMX)
14.81% Vanguard Total Intl Stock Index Inv (VGTSX)
7.41% Vanguard Real Estate Index Investor (VGSIX)
22.22% Vanguard Total Bond Market Index Inv (VBMFX)
25.94% Cash (CASHX)		-3.62%-5.05%-6.02%
148Apr 2012Apr 2012136.45% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.23% Vanguard Total Intl Stock Index Inv (VGTSX)
9.11% Vanguard Real Estate Index Investor (VGSIX)
27.34% Vanguard Total Bond Market Index Inv (VBMFX)
8.87% Cash (CASHX)		0.01%-0.03%-0.64%
147Feb 2012Mar 2012240.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		4.06%4.12%7.73%
146Jan 2012Jan 2012123.88% Vanguard Total Stock Mkt Idx Inv (VTSMX)
11.94% Vanguard Total Intl Stock Index Inv (VGTSX)
5.97% Vanguard Real Estate Index Investor (VGSIX)
17.91% Vanguard Total Bond Market Index Inv (VBMFX)
40.31% Cash (CASHX)		2.63%4.40%4.46%
145Dec 2011Dec 2011113.96% Vanguard Total Stock Mkt Idx Inv (VTSMX)
6.98% Vanguard Total Intl Stock Index Inv (VGTSX)
3.49% Vanguard Real Estate Index Investor (VGSIX)
10.47% Vanguard Total Bond Market Index Inv (VBMFX)
65.09% Cash (CASHX)		0.20%0.68%1.02%
144Nov 2011Nov 2011114.64% Vanguard Total Stock Mkt Idx Inv (VTSMX)
7.32% Vanguard Total Intl Stock Index Inv (VGTSX)
3.66% Vanguard Real Estate Index Investor (VGSIX)
10.98% Vanguard Total Bond Market Index Inv (VBMFX)
63.40% Cash (CASHX)		-0.42%-1.12%-0.23%
143Oct 2011Oct 2011115.86% Vanguard Total Stock Mkt Idx Inv (VTSMX)
7.93% Vanguard Total Intl Stock Index Inv (VGTSX)
3.96% Vanguard Real Estate Index Investor (VGSIX)
11.89% Vanguard Total Bond Market Index Inv (VBMFX)
60.35% Cash (CASHX)		3.23%7.70%10.91%
142Sep 2011Sep 201119.57% Vanguard Total Stock Mkt Idx Inv (VTSMX)
4.78% Vanguard Total Intl Stock Index Inv (VGTSX)
2.39% Vanguard Real Estate Index Investor (VGSIX)
7.18% Vanguard Total Bond Market Index Inv (VBMFX)
76.08% Cash (CASHX)		-1.53%-6.20%-7.04%
141Aug 2011Aug 2011128.09% Vanguard Total Stock Mkt Idx Inv (VTSMX)
14.04% Vanguard Total Intl Stock Index Inv (VGTSX)
7.02% Vanguard Real Estate Index Investor (VGSIX)
21.06% Vanguard Total Bond Market Index Inv (VBMFX)
29.79% Cash (CASHX)		-2.95%-4.19%-5.45%
140Jul 2011Jul 2011128.61% Vanguard Total Stock Mkt Idx Inv (VTSMX)
14.30% Vanguard Total Intl Stock Index Inv (VGTSX)
7.15% Vanguard Real Estate Index Investor (VGSIX)
21.46% Vanguard Total Bond Market Index Inv (VBMFX)
28.48% Cash (CASHX)		-0.42%-0.60%-2.05%
139Jun 2011Jun 2011136.91% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.45% Vanguard Total Intl Stock Index Inv (VGTSX)
9.23% Vanguard Real Estate Index Investor (VGSIX)
27.68% Vanguard Total Bond Market Index Inv (VBMFX)
7.74% Cash (CASHX)		-1.35%-1.49%-1.67%
138May 2011May 2011140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-0.51%-0.54%-1.15%
137Apr 2011Apr 2011129.25% Vanguard Total Stock Mkt Idx Inv (VTSMX)
14.62% Vanguard Total Intl Stock Index Inv (VGTSX)
7.31% Vanguard Real Estate Index Investor (VGSIX)
21.93% Vanguard Total Bond Market Index Inv (VBMFX)
26.89% Cash (CASHX)		2.35%3.23%2.95%
136Mar 2011Mar 2011136.95% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.47% Vanguard Total Intl Stock Index Inv (VGTSX)
9.24% Vanguard Real Estate Index Investor (VGSIX)
27.71% Vanguard Total Bond Market Index Inv (VBMFX)
7.63% Cash (CASHX)		-0.05%-0.05%0.03%
135Jan 2011Feb 2011240.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		3.89%3.91%5.85%
134Dec 2010Dec 2010126.33% Vanguard Total Stock Mkt Idx Inv (VTSMX)
13.17% Vanguard Total Intl Stock Index Inv (VGTSX)
6.58% Vanguard Real Estate Index Investor (VGSIX)
19.75% Vanguard Total Bond Market Index Inv (VBMFX)
34.17% Cash (CASHX)		2.97%4.49%6.67%
133Nov 2010Nov 2010137.06% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.53% Vanguard Total Intl Stock Index Inv (VGTSX)
9.27% Vanguard Real Estate Index Investor (VGSIX)
27.80% Vanguard Total Bond Market Index Inv (VBMFX)
7.35% Cash (CASHX)		-0.97%-1.05%0.00%
132Oct 2010Oct 2010127.44% Vanguard Total Stock Mkt Idx Inv (VTSMX)
13.72% Vanguard Total Intl Stock Index Inv (VGTSX)
6.86% Vanguard Real Estate Index Investor (VGSIX)
20.58% Vanguard Total Bond Market Index Inv (VBMFX)
31.40% Cash (CASHX)		1.98%2.88%3.79%
131Sep 2010Sep 2010125.17% Vanguard Total Stock Mkt Idx Inv (VTSMX)
12.59% Vanguard Total Intl Stock Index Inv (VGTSX)
6.29% Vanguard Real Estate Index Investor (VGSIX)
18.88% Vanguard Total Bond Market Index Inv (VBMFX)
37.06% Cash (CASHX)		3.97%6.03%8.92%
130Aug 2010Aug 2010122.29% Vanguard Total Stock Mkt Idx Inv (VTSMX)
11.15% Vanguard Total Intl Stock Index Inv (VGTSX)
5.57% Vanguard Real Estate Index Investor (VGSIX)
16.72% Vanguard Total Bond Market Index Inv (VBMFX)
44.27% Cash (CASHX)		-1.23%-2.14%-4.53%
129Jul 2010Jul 2010117.49% Vanguard Total Stock Mkt Idx Inv (VTSMX)
8.74% Vanguard Total Intl Stock Index Inv (VGTSX)
4.37% Vanguard Real Estate Index Investor (VGSIX)
13.11% Vanguard Total Bond Market Index Inv (VBMFX)
56.28% Cash (CASHX)		2.68%5.93%7.00%
128Jun 2010Jun 2010112.92% Vanguard Total Stock Mkt Idx Inv (VTSMX)
6.46% Vanguard Total Intl Stock Index Inv (VGTSX)
3.23% Vanguard Real Estate Index Investor (VGSIX)
9.69% Vanguard Total Bond Market Index Inv (VBMFX)
67.71% Cash (CASHX)		-0.81%-2.55%-5.24%
127May 2010May 2010128.30% Vanguard Total Stock Mkt Idx Inv (VTSMX)
14.15% Vanguard Total Intl Stock Index Inv (VGTSX)
7.07% Vanguard Real Estate Index Investor (VGSIX)
21.22% Vanguard Total Bond Market Index Inv (VBMFX)
29.26% Cash (CASHX)		-3.98%-5.65%-8.01%
126Apr 2010Apr 2010140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		1.56%1.61%1.58%
125Mar 2010Mar 2010124.25% Vanguard Total Stock Mkt Idx Inv (VTSMX)
12.12% Vanguard Total Intl Stock Index Inv (VGTSX)
6.06% Vanguard Real Estate Index Investor (VGSIX)
18.19% Vanguard Total Bond Market Index Inv (VBMFX)
39.38% Cash (CASHX)		2.94%4.79%6.01%
124Feb 2010Feb 2010127.83% Vanguard Total Stock Mkt Idx Inv (VTSMX)
13.92% Vanguard Total Intl Stock Index Inv (VGTSX)
6.96% Vanguard Real Estate Index Investor (VGSIX)
20.87% Vanguard Total Bond Market Index Inv (VBMFX)
30.42% Cash (CASHX)		1.39%1.97%3.09%
123Jan 2010Jan 2010140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-2.47%-2.47%-3.60%
122Dec 2009Dec 2009123.69% Vanguard Total Stock Mkt Idx Inv (VTSMX)
11.85% Vanguard Total Intl Stock Index Inv (VGTSX)
5.92% Vanguard Real Estate Index Investor (VGSIX)
17.77% Vanguard Total Bond Market Index Inv (VBMFX)
40.77% Cash (CASHX)		0.98%1.77%1.95%
121Nov 2009Nov 2009119.22% Vanguard Total Stock Mkt Idx Inv (VTSMX)
9.61% Vanguard Total Intl Stock Index Inv (VGTSX)
4.81% Vanguard Real Estate Index Investor (VGSIX)
14.42% Vanguard Total Bond Market Index Inv (VBMFX)
51.94% Cash (CASHX)		1.98%4.18%5.98%
120Oct 2009Oct 2009123.95% Vanguard Total Stock Mkt Idx Inv (VTSMX)
11.98% Vanguard Total Intl Stock Index Inv (VGTSX)
5.99% Vanguard Real Estate Index Investor (VGSIX)
17.97% Vanguard Total Bond Market Index Inv (VBMFX)
40.12% Cash (CASHX)		-1.07%-1.89%-1.87%
119Sep 2009Sep 2009124.47% Vanguard Total Stock Mkt Idx Inv (VTSMX)
12.23% Vanguard Total Intl Stock Index Inv (VGTSX)
6.12% Vanguard Real Estate Index Investor (VGSIX)
18.35% Vanguard Total Bond Market Index Inv (VBMFX)
38.83% Cash (CASHX)		2.30%3.84%3.72%
118Aug 2009Aug 2009120.04% Vanguard Total Stock Mkt Idx Inv (VTSMX)
10.02% Vanguard Total Intl Stock Index Inv (VGTSX)
5.01% Vanguard Real Estate Index Investor (VGSIX)
15.03% Vanguard Total Bond Market Index Inv (VBMFX)
49.90% Cash (CASHX)		1.94%3.78%3.60%
117Jul 2009Jul 2009120.60% Vanguard Total Stock Mkt Idx Inv (VTSMX)
10.30% Vanguard Total Intl Stock Index Inv (VGTSX)
5.15% Vanguard Real Estate Index Investor (VGSIX)
15.45% Vanguard Total Bond Market Index Inv (VBMFX)
48.50% Cash (CASHX)		3.41%6.63%7.58%
116Jun 2009Jun 2009112.69% Vanguard Total Stock Mkt Idx Inv (VTSMX)
6.35% Vanguard Total Intl Stock Index Inv (VGTSX)
3.17% Vanguard Real Estate Index Investor (VGSIX)
9.52% Vanguard Total Bond Market Index Inv (VBMFX)
68.26% Cash (CASHX)		-0.08%-0.28%0.22%
115May 2009May 2009111.53% Vanguard Total Stock Mkt Idx Inv (VTSMX)
5.76% Vanguard Total Intl Stock Index Inv (VGTSX)
2.88% Vanguard Real Estate Index Investor (VGSIX)
8.65% Vanguard Total Bond Market Index Inv (VBMFX)
71.18% Cash (CASHX)		1.60%5.50%5.62%
114Apr 2009Apr 200917.94% Vanguard Total Stock Mkt Idx Inv (VTSMX)
3.97% Vanguard Total Intl Stock Index Inv (VGTSX)
1.98% Vanguard Real Estate Index Investor (VGSIX)
5.95% Vanguard Total Bond Market Index Inv (VBMFX)
80.15% Cash (CASHX)		2.01%9.16%9.56%
113Mar 2009Mar 2009111.90% Vanguard Total Stock Mkt Idx Inv (VTSMX)
5.95% Vanguard Total Intl Stock Index Inv (VGTSX)
2.97% Vanguard Real Estate Index Investor (VGSIX)
8.92% Vanguard Total Bond Market Index Inv (VBMFX)
70.26% Cash (CASHX)		1.84%5.90%8.76%
112Feb 2009Feb 2009110.09% Vanguard Total Stock Mkt Idx Inv (VTSMX)
5.04% Vanguard Total Intl Stock Index Inv (VGTSX)
2.52% Vanguard Real Estate Index Investor (VGSIX)
7.57% Vanguard Total Bond Market Index Inv (VBMFX)
74.78% Cash (CASHX)		-2.08%-7.97%-10.66%
111Jan 2009Jan 200917.69% Vanguard Total Stock Mkt Idx Inv (VTSMX)
3.85% Vanguard Total Intl Stock Index Inv (VGTSX)
1.92% Vanguard Real Estate Index Investor (VGSIX)
5.77% Vanguard Total Bond Market Index Inv (VBMFX)
80.77% Cash (CASHX)		-1.46%-7.64%-8.41%
110Dec 2008Dec 200815.81% Vanguard Total Stock Mkt Idx Inv (VTSMX)
2.91% Vanguard Total Intl Stock Index Inv (VGTSX)
1.45% Vanguard Real Estate Index Investor (VGSIX)
4.36% Vanguard Total Bond Market Index Inv (VBMFX)
85.46% Cash (CASHX)		0.74%4.58%1.07%
109Nov 2008Nov 200815.41% Vanguard Total Stock Mkt Idx Inv (VTSMX)
2.71% Vanguard Total Intl Stock Index Inv (VGTSX)
1.35% Vanguard Real Estate Index Investor (VGSIX)
4.06% Vanguard Total Bond Market Index Inv (VBMFX)
86.47% Cash (CASHX)		-0.73%-4.55%-7.17%
108Oct 2008Oct 200818.59% Vanguard Total Stock Mkt Idx Inv (VTSMX)
4.30% Vanguard Total Intl Stock Index Inv (VGTSX)
2.15% Vanguard Real Estate Index Investor (VGSIX)
6.44% Vanguard Total Bond Market Index Inv (VBMFX)
78.52% Cash (CASHX)		-3.24%-14.71%-16.79%
107Sep 2008Sep 2008122.58% Vanguard Total Stock Mkt Idx Inv (VTSMX)
11.29% Vanguard Total Intl Stock Index Inv (VGTSX)
5.64% Vanguard Real Estate Index Investor (VGSIX)
16.93% Vanguard Total Bond Market Index Inv (VBMFX)
43.56% Cash (CASHX)		-3.70%-6.25%-8.91%
106Aug 2008Aug 2008119.40% Vanguard Total Stock Mkt Idx Inv (VTSMX)
9.70% Vanguard Total Intl Stock Index Inv (VGTSX)
4.85% Vanguard Real Estate Index Investor (VGSIX)
14.55% Vanguard Total Bond Market Index Inv (VBMFX)
51.51% Cash (CASHX)		0.09%0.13%1.45%
105Jul 2008Jul 2008124.57% Vanguard Total Stock Mkt Idx Inv (VTSMX)
12.28% Vanguard Total Intl Stock Index Inv (VGTSX)
6.14% Vanguard Real Estate Index Investor (VGSIX)
18.43% Vanguard Total Bond Market Index Inv (VBMFX)
38.58% Cash (CASHX)		-0.39%-0.67%-0.83%
104Jun 2008Jun 2008133.65% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.82% Vanguard Total Intl Stock Index Inv (VGTSX)
8.41% Vanguard Real Estate Index Investor (VGSIX)
25.24% Vanguard Total Bond Market Index Inv (VBMFX)
15.88% Cash (CASHX)		-5.15%-6.14%-8.44%
103May 2008May 2008126.74% Vanguard Total Stock Mkt Idx Inv (VTSMX)
13.37% Vanguard Total Intl Stock Index Inv (VGTSX)
6.69% Vanguard Real Estate Index Investor (VGSIX)
20.06% Vanguard Total Bond Market Index Inv (VBMFX)
33.15% Cash (CASHX)		0.65%0.87%1.29%
102Apr 2008Apr 2008116.36% Vanguard Total Stock Mkt Idx Inv (VTSMX)
8.18% Vanguard Total Intl Stock Index Inv (VGTSX)
4.09% Vanguard Real Estate Index Investor (VGSIX)
12.27% Vanguard Total Bond Market Index Inv (VBMFX)
59.10% Cash (CASHX)		1.57%3.56%4.85%
101Mar 2008Mar 2008122.63% Vanguard Total Stock Mkt Idx Inv (VTSMX)
11.32% Vanguard Total Intl Stock Index Inv (VGTSX)
5.66% Vanguard Real Estate Index Investor (VGSIX)
16.97% Vanguard Total Bond Market Index Inv (VBMFX)
43.42% Cash (CASHX)		0.27%0.39%-0.44%
100Feb 2008Feb 2008120.10% Vanguard Total Stock Mkt Idx Inv (VTSMX)
10.05% Vanguard Total Intl Stock Index Inv (VGTSX)
5.02% Vanguard Real Estate Index Investor (VGSIX)
15.07% Vanguard Total Bond Market Index Inv (VBMFX)
49.76% Cash (CASHX)		-0.66%-1.46%-3.25%
99Jan 2008Jan 2008123.29% Vanguard Total Stock Mkt Idx Inv (VTSMX)
11.65% Vanguard Total Intl Stock Index Inv (VGTSX)
5.82% Vanguard Real Estate Index Investor (VGSIX)
17.47% Vanguard Total Bond Market Index Inv (VBMFX)
41.77% Cash (CASHX)		-2.02%-3.67%-6.02%
98Dec 2007Dec 2007117.34% Vanguard Total Stock Mkt Idx Inv (VTSMX)
8.67% Vanguard Total Intl Stock Index Inv (VGTSX)
4.34% Vanguard Real Estate Index Investor (VGSIX)
13.01% Vanguard Total Bond Market Index Inv (VBMFX)
56.64% Cash (CASHX)		-0.35%-1.10%-0.70%
97Nov 2007Nov 2007130.93% Vanguard Total Stock Mkt Idx Inv (VTSMX)
15.47% Vanguard Total Intl Stock Index Inv (VGTSX)
7.73% Vanguard Real Estate Index Investor (VGSIX)
23.20% Vanguard Total Bond Market Index Inv (VBMFX)
22.67% Cash (CASHX)		-2.30%-3.11%-4.19%
96Oct 2007Oct 2007127.84% Vanguard Total Stock Mkt Idx Inv (VTSMX)
13.92% Vanguard Total Intl Stock Index Inv (VGTSX)
6.96% Vanguard Real Estate Index Investor (VGSIX)
20.88% Vanguard Total Bond Market Index Inv (VBMFX)
30.41% Cash (CASHX)		1.71%2.41%1.58%
95Sep 2007Sep 2007119.12% Vanguard Total Stock Mkt Idx Inv (VTSMX)
9.56% Vanguard Total Intl Stock Index Inv (VGTSX)
4.78% Vanguard Real Estate Index Investor (VGSIX)
14.34% Vanguard Total Bond Market Index Inv (VBMFX)
52.21% Cash (CASHX)		1.77%3.39%3.72%
94Aug 2007Aug 2007127.03% Vanguard Total Stock Mkt Idx Inv (VTSMX)
13.51% Vanguard Total Intl Stock Index Inv (VGTSX)
6.76% Vanguard Real Estate Index Investor (VGSIX)
20.27% Vanguard Total Bond Market Index Inv (VBMFX)
32.43% Cash (CASHX)		1.14%1.38%1.50%
93Jul 2007Jul 2007130.06% Vanguard Total Stock Mkt Idx Inv (VTSMX)
15.03% Vanguard Total Intl Stock Index Inv (VGTSX)
7.52% Vanguard Real Estate Index Investor (VGSIX)
22.55% Vanguard Total Bond Market Index Inv (VBMFX)
24.85% Cash (CASHX)		-1.48%-2.08%-3.08%
92May 2007Jun 2007240.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		0.23%0.29%1.74%
91Apr 2007Apr 2007128.19% Vanguard Total Stock Mkt Idx Inv (VTSMX)
14.10% Vanguard Total Intl Stock Index Inv (VGTSX)
7.05% Vanguard Real Estate Index Investor (VGSIX)
21.14% Vanguard Total Bond Market Index Inv (VBMFX)
29.52% Cash (CASHX)		1.91%2.54%4.42%
90Mar 2007Mar 2007130.59% Vanguard Total Stock Mkt Idx Inv (VTSMX)
15.29% Vanguard Total Intl Stock Index Inv (VGTSX)
7.65% Vanguard Real Estate Index Investor (VGSIX)
22.94% Vanguard Total Bond Market Index Inv (VBMFX)
23.53% Cash (CASHX)		0.69%0.76%1.11%
89Sep 2006Feb 2007640.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		9.26%9.43%8.85%
88Aug 2006Aug 2006128.95% Vanguard Total Stock Mkt Idx Inv (VTSMX)
14.47% Vanguard Total Intl Stock Index Inv (VGTSX)
7.24% Vanguard Real Estate Index Investor (VGSIX)
21.71% Vanguard Total Bond Market Index Inv (VBMFX)
27.63% Cash (CASHX)		1.78%2.32%2.36%
87Jul 2006Jul 2006125.31% Vanguard Total Stock Mkt Idx Inv (VTSMX)
12.66% Vanguard Total Intl Stock Index Inv (VGTSX)
6.33% Vanguard Real Estate Index Investor (VGSIX)
18.98% Vanguard Total Bond Market Index Inv (VBMFX)
36.72% Cash (CASHX)		0.74%0.95%0.61%
86Jun 2006Jun 2006131.65% Vanguard Total Stock Mkt Idx Inv (VTSMX)
15.83% Vanguard Total Intl Stock Index Inv (VGTSX)
7.91% Vanguard Real Estate Index Investor (VGSIX)
23.74% Vanguard Total Bond Market Index Inv (VBMFX)
20.87% Cash (CASHX)		0.52%0.57%0.13%
85Mar 2006May 2006340.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		0.04%0.02%-0.39%
84Feb 2006Feb 2006137.15% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.57% Vanguard Total Intl Stock Index Inv (VGTSX)
9.29% Vanguard Real Estate Index Investor (VGSIX)
27.86% Vanguard Total Bond Market Index Inv (VBMFX)
7.13% Cash (CASHX)		0.17%0.15%0.26%
83Dec 2005Jan 2006240.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		4.91%4.94%2.67%
82Nov 2005Nov 2005130.59% Vanguard Total Stock Mkt Idx Inv (VTSMX)
15.29% Vanguard Total Intl Stock Index Inv (VGTSX)
7.65% Vanguard Real Estate Index Investor (VGSIX)
22.94% Vanguard Total Bond Market Index Inv (VBMFX)
23.53% Cash (CASHX)		2.13%2.70%3.76%
81Jun 2005Oct 2005540.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		3.35%3.29%1.97%
80May 2005May 2005135.30% Vanguard Total Stock Mkt Idx Inv (VTSMX)
17.65% Vanguard Total Intl Stock Index Inv (VGTSX)
8.83% Vanguard Real Estate Index Investor (VGSIX)
26.48% Vanguard Total Bond Market Index Inv (VBMFX)
11.74% Cash (CASHX)		1.94%2.14%3.17%
79Aug 2004Apr 2005940.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		9.77%9.86%6.32%
78Jul 2004Jul 2004138.28% Vanguard Total Stock Mkt Idx Inv (VTSMX)
19.14% Vanguard Total Intl Stock Index Inv (VGTSX)
9.57% Vanguard Real Estate Index Investor (VGSIX)
28.71% Vanguard Total Bond Market Index Inv (VBMFX)
4.31% Cash (CASHX)		-1.76%-1.88%-3.31%
77Jun 2004Jun 2004130.16% Vanguard Total Stock Mkt Idx Inv (VTSMX)
15.08% Vanguard Total Intl Stock Index Inv (VGTSX)
7.54% Vanguard Real Estate Index Investor (VGSIX)
22.62% Vanguard Total Bond Market Index Inv (VBMFX)
24.60% Cash (CASHX)		1.35%1.77%1.93%
76May 2004May 2004137.89% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.94% Vanguard Total Intl Stock Index Inv (VGTSX)
9.47% Vanguard Real Estate Index Investor (VGSIX)
28.41% Vanguard Total Bond Market Index Inv (VBMFX)
5.29% Cash (CASHX)		1.15%1.18%1.36%
75Apr 2004Apr 2004130.26% Vanguard Total Stock Mkt Idx Inv (VTSMX)
15.13% Vanguard Total Intl Stock Index Inv (VGTSX)
7.57% Vanguard Real Estate Index Investor (VGSIX)
22.70% Vanguard Total Bond Market Index Inv (VBMFX)
24.34% Cash (CASHX)		-2.79%-3.80%-1.58%
74Nov 2003Mar 2004540.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		9.62%9.92%7.89%
73Oct 2003Oct 2003139.47% Vanguard Total Stock Mkt Idx Inv (VTSMX)
19.73% Vanguard Total Intl Stock Index Inv (VGTSX)
9.87% Vanguard Real Estate Index Investor (VGSIX)
29.60% Vanguard Total Bond Market Index Inv (VBMFX)
1.33% Cash (CASHX)		3.57%3.78%5.64%
72Sep 2003Sep 2003140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		1.25%1.18%-1.07%
71Aug 2003Aug 2003134.61% Vanguard Total Stock Mkt Idx Inv (VTSMX)
17.31% Vanguard Total Intl Stock Index Inv (VGTSX)
8.65% Vanguard Real Estate Index Investor (VGSIX)
25.96% Vanguard Total Bond Market Index Inv (VBMFX)
13.46% Cash (CASHX)		1.49%1.74%1.93%
70Jul 2003Jul 2003137.11% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.55% Vanguard Total Intl Stock Index Inv (VGTSX)
9.28% Vanguard Real Estate Index Investor (VGSIX)
27.83% Vanguard Total Bond Market Index Inv (VBMFX)
7.24% Cash (CASHX)		1.02%1.19%1.74%
69Jun 2003Jun 2003137.55% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.77% Vanguard Total Intl Stock Index Inv (VGTSX)
9.39% Vanguard Real Estate Index Investor (VGSIX)
28.16% Vanguard Total Bond Market Index Inv (VBMFX)
6.13% Cash (CASHX)		1.22%1.31%1.26%
68May 2003May 2003132.45% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.23% Vanguard Total Intl Stock Index Inv (VGTSX)
8.11% Vanguard Real Estate Index Investor (VGSIX)
24.34% Vanguard Total Bond Market Index Inv (VBMFX)
18.87% Cash (CASHX)		3.89%4.79%5.26%
67Apr 2003Apr 2003121.62% Vanguard Total Stock Mkt Idx Inv (VTSMX)
10.81% Vanguard Total Intl Stock Index Inv (VGTSX)
5.40% Vanguard Real Estate Index Investor (VGSIX)
16.21% Vanguard Total Bond Market Index Inv (VBMFX)
45.96% Cash (CASHX)		3.23%5.78%8.25%
66Mar 2003Mar 2003133.31% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.66% Vanguard Total Intl Stock Index Inv (VGTSX)
8.33% Vanguard Real Estate Index Investor (VGSIX)
24.98% Vanguard Total Bond Market Index Inv (VBMFX)
16.72% Cash (CASHX)		0.19%0.22%0.96%
65Feb 2003Feb 2003125.68% Vanguard Total Stock Mkt Idx Inv (VTSMX)
12.84% Vanguard Total Intl Stock Index Inv (VGTSX)
6.42% Vanguard Real Estate Index Investor (VGSIX)
19.26% Vanguard Total Bond Market Index Inv (VBMFX)
35.79% Cash (CASHX)		-0.33%-0.55%-1.52%
64Jan 2003Jan 2003133.32% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.66% Vanguard Total Intl Stock Index Inv (VGTSX)
8.33% Vanguard Real Estate Index Investor (VGSIX)
24.99% Vanguard Total Bond Market Index Inv (VBMFX)
16.69% Cash (CASHX)		-1.67%-2.02%-2.62%
63Dec 2002Dec 2002127.20% Vanguard Total Stock Mkt Idx Inv (VTSMX)
13.60% Vanguard Total Intl Stock Index Inv (VGTSX)
6.80% Vanguard Real Estate Index Investor (VGSIX)
20.40% Vanguard Total Bond Market Index Inv (VBMFX)
32.00% Cash (CASHX)		-1.47%-1.85%-5.89%
62Nov 2002Nov 2002116.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
8.00% Vanguard Total Intl Stock Index Inv (VGTSX)
4.00% Vanguard Real Estate Index Investor (VGSIX)
12.00% Vanguard Total Bond Market Index Inv (VBMFX)
60.01% Cash (CASHX)		1.60%3.50%5.88%
61Oct 2002Oct 2002120.45% Vanguard Total Stock Mkt Idx Inv (VTSMX)
10.23% Vanguard Total Intl Stock Index Inv (VGTSX)
5.11% Vanguard Real Estate Index Investor (VGSIX)
15.34% Vanguard Total Bond Market Index Inv (VBMFX)
48.87% Cash (CASHX)		1.86%2.78%8.78%
60Sep 2002Sep 2002118.79% Vanguard Total Stock Mkt Idx Inv (VTSMX)
9.40% Vanguard Total Intl Stock Index Inv (VGTSX)
4.70% Vanguard Real Estate Index Investor (VGSIX)
14.09% Vanguard Total Bond Market Index Inv (VBMFX)
53.02% Cash (CASHX)		-2.79%-5.52%-10.87%
59Aug 2002Aug 2002113.35% Vanguard Total Stock Mkt Idx Inv (VTSMX)
6.67% Vanguard Total Intl Stock Index Inv (VGTSX)
3.34% Vanguard Real Estate Index Investor (VGSIX)
10.01% Vanguard Total Bond Market Index Inv (VBMFX)
66.64% Cash (CASHX)		0.33%0.74%0.65%
58Jul 2002Jul 2002134.16% Vanguard Total Stock Mkt Idx Inv (VTSMX)
17.08% Vanguard Total Intl Stock Index Inv (VGTSX)
8.54% Vanguard Real Estate Index Investor (VGSIX)
25.62% Vanguard Total Bond Market Index Inv (VBMFX)
14.60% Cash (CASHX)		-4.72%-5.36%-7.72%
57Jun 2002Jun 2002133.67% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.83% Vanguard Total Intl Stock Index Inv (VGTSX)
8.42% Vanguard Real Estate Index Investor (VGSIX)
25.25% Vanguard Total Bond Market Index Inv (VBMFX)
15.83% Cash (CASHX)		-2.77%-3.15%-7.13%
56May 2002May 2002139.01% Vanguard Total Stock Mkt Idx Inv (VTSMX)
19.51% Vanguard Total Intl Stock Index Inv (VGTSX)
9.75% Vanguard Real Estate Index Investor (VGSIX)
29.26% Vanguard Total Bond Market Index Inv (VBMFX)
2.47% Cash (CASHX)		0.12%0.15%-0.75%
55Apr 2002Apr 2002134.15% Vanguard Total Stock Mkt Idx Inv (VTSMX)
17.07% Vanguard Total Intl Stock Index Inv (VGTSX)
8.54% Vanguard Real Estate Index Investor (VGSIX)
25.61% Vanguard Total Bond Market Index Inv (VBMFX)
14.63% Cash (CASHX)		-1.09%-1.30%-6.07%
54Mar 2002Mar 2002132.70% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.35% Vanguard Total Intl Stock Index Inv (VGTSX)
8.18% Vanguard Real Estate Index Investor (VGSIX)
24.53% Vanguard Total Bond Market Index Inv (VBMFX)
18.24% Cash (CASHX)		2.54%3.03%3.74%
53Feb 2002Feb 2002138.23% Vanguard Total Stock Mkt Idx Inv (VTSMX)
19.11% Vanguard Total Intl Stock Index Inv (VGTSX)
9.56% Vanguard Real Estate Index Investor (VGSIX)
28.67% Vanguard Total Bond Market Index Inv (VBMFX)
4.43% Cash (CASHX)		-0.17%-0.18%-1.94%
52Jan 2002Jan 2002132.45% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.22% Vanguard Total Intl Stock Index Inv (VGTSX)
8.11% Vanguard Real Estate Index Investor (VGSIX)
24.34% Vanguard Total Bond Market Index Inv (VBMFX)
18.88% Cash (CASHX)		-0.98%-1.24%-1.47%
51Dec 2001Dec 2001134.21% Vanguard Total Stock Mkt Idx Inv (VTSMX)
17.10% Vanguard Total Intl Stock Index Inv (VGTSX)
8.55% Vanguard Real Estate Index Investor (VGSIX)
25.66% Vanguard Total Bond Market Index Inv (VBMFX)
14.48% Cash (CASHX)		0.93%0.97%0.87%
50Nov 2001Nov 2001132.38% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.19% Vanguard Total Intl Stock Index Inv (VGTSX)
8.10% Vanguard Real Estate Index Investor (VGSIX)
24.29% Vanguard Total Bond Market Index Inv (VBMFX)
19.04% Cash (CASHX)		3.22%3.48%7.65%
49Oct 2001Oct 2001115.81% Vanguard Total Stock Mkt Idx Inv (VTSMX)
7.90% Vanguard Total Intl Stock Index Inv (VGTSX)
3.95% Vanguard Real Estate Index Investor (VGSIX)
11.86% Vanguard Total Bond Market Index Inv (VBMFX)
60.48% Cash (CASHX)		0.84%1.65%1.90%
48Sep 2001Sep 2001140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-5.86%-5.33%-8.09%
47Aug 2001Aug 2001132.96% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.48% Vanguard Total Intl Stock Index Inv (VGTSX)
8.24% Vanguard Real Estate Index Investor (VGSIX)
24.72% Vanguard Total Bond Market Index Inv (VBMFX)
17.60% Cash (CASHX)		-1.74%-1.94%-6.27%
46Jul 2001Jul 2001140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-0.71%-0.62%-1.00%
45Jun 2001Jun 2001132.82% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.41% Vanguard Total Intl Stock Index Inv (VGTSX)
8.21% Vanguard Real Estate Index Investor (VGSIX)
24.62% Vanguard Total Bond Market Index Inv (VBMFX)
17.94% Cash (CASHX)		-0.50%-0.55%-2.45%
44May 2001May 2001118.25% Vanguard Total Stock Mkt Idx Inv (VTSMX)
9.13% Vanguard Total Intl Stock Index Inv (VGTSX)
4.56% Vanguard Real Estate Index Investor (VGSIX)
13.69% Vanguard Total Bond Market Index Inv (VBMFX)
54.37% Cash (CASHX)		0.24%0.17%0.65%
43Apr 2001Apr 2001119.68% Vanguard Total Stock Mkt Idx Inv (VTSMX)
9.84% Vanguard Total Intl Stock Index Inv (VGTSX)
4.92% Vanguard Real Estate Index Investor (VGSIX)
14.76% Vanguard Total Bond Market Index Inv (VBMFX)
50.80% Cash (CASHX)		2.61%4.63%7.77%
42Mar 2001Mar 2001135.94% Vanguard Total Stock Mkt Idx Inv (VTSMX)
17.97% Vanguard Total Intl Stock Index Inv (VGTSX)
8.98% Vanguard Real Estate Index Investor (VGSIX)
26.95% Vanguard Total Bond Market Index Inv (VBMFX)
10.16% Cash (CASHX)		-3.44%-3.73%-6.36%
41Feb 2001Feb 2001124.75% Vanguard Total Stock Mkt Idx Inv (VTSMX)
12.37% Vanguard Total Intl Stock Index Inv (VGTSX)
6.19% Vanguard Real Estate Index Investor (VGSIX)
18.56% Vanguard Total Bond Market Index Inv (VBMFX)
38.13% Cash (CASHX)		-3.05%-5.22%-9.14%
40Jan 2001Jan 2001121.61% Vanguard Total Stock Mkt Idx Inv (VTSMX)
10.81% Vanguard Total Intl Stock Index Inv (VGTSX)
5.40% Vanguard Real Estate Index Investor (VGSIX)
16.21% Vanguard Total Bond Market Index Inv (VBMFX)
45.96% Cash (CASHX)		1.48%2.32%3.55%
39Dec 2000Dec 2000127.40% Vanguard Total Stock Mkt Idx Inv (VTSMX)
13.70% Vanguard Total Intl Stock Index Inv (VGTSX)
6.85% Vanguard Real Estate Index Investor (VGSIX)
20.55% Vanguard Total Bond Market Index Inv (VBMFX)
31.50% Cash (CASHX)		2.00%2.74%0.51%
38Nov 2000Nov 2000122.39% Vanguard Total Stock Mkt Idx Inv (VTSMX)
11.19% Vanguard Total Intl Stock Index Inv (VGTSX)
5.60% Vanguard Real Estate Index Investor (VGSIX)
16.79% Vanguard Total Bond Market Index Inv (VBMFX)
44.03% Cash (CASHX)		-2.12%-3.91%-7.89%
37Oct 2000Oct 2000137.81% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.90% Vanguard Total Intl Stock Index Inv (VGTSX)
9.45% Vanguard Real Estate Index Investor (VGSIX)
28.35% Vanguard Total Bond Market Index Inv (VBMFX)
5.49% Cash (CASHX)		-1.59%-1.70%-0.43%
36Sep 2000Sep 2000140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-2.35%-2.20%-5.29%
35Aug 2000Aug 2000132.10% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.05% Vanguard Total Intl Stock Index Inv (VGTSX)
8.03% Vanguard Real Estate Index Investor (VGSIX)
24.08% Vanguard Total Bond Market Index Inv (VBMFX)
19.75% Cash (CASHX)		2.61%2.94%6.19%
34Jul 2000Jul 2000130.66% Vanguard Total Stock Mkt Idx Inv (VTSMX)
15.33% Vanguard Total Intl Stock Index Inv (VGTSX)
7.67% Vanguard Real Estate Index Investor (VGSIX)
23.00% Vanguard Total Bond Market Index Inv (VBMFX)
23.34% Cash (CASHX)		-0.30%-0.36%-1.50%
33Jun 2000Jun 2000123.12% Vanguard Total Stock Mkt Idx Inv (VTSMX)
11.56% Vanguard Total Intl Stock Index Inv (VGTSX)
5.78% Vanguard Real Estate Index Investor (VGSIX)
17.34% Vanguard Total Bond Market Index Inv (VBMFX)
42.20% Cash (CASHX)		2.23%3.47%2.49%
32May 2000May 2000119.06% Vanguard Total Stock Mkt Idx Inv (VTSMX)
9.53% Vanguard Total Intl Stock Index Inv (VGTSX)
4.77% Vanguard Real Estate Index Investor (VGSIX)
14.30% Vanguard Total Bond Market Index Inv (VBMFX)
52.35% Cash (CASHX)		-0.63%-1.79%-2.04%
31Apr 2000Apr 2000124.40% Vanguard Total Stock Mkt Idx Inv (VTSMX)
12.20% Vanguard Total Intl Stock Index Inv (VGTSX)
6.10% Vanguard Real Estate Index Investor (VGSIX)
18.30% Vanguard Total Bond Market Index Inv (VBMFX)
39.00% Cash (CASHX)		-1.42%-2.64%-3.00%
30Mar 2000Mar 2000133.02% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.51% Vanguard Total Intl Stock Index Inv (VGTSX)
8.25% Vanguard Real Estate Index Investor (VGSIX)
24.76% Vanguard Total Bond Market Index Inv (VBMFX)
17.46% Cash (CASHX)		3.17%3.72%9.75%
29Feb 2000Feb 2000124.12% Vanguard Total Stock Mkt Idx Inv (VTSMX)
12.06% Vanguard Total Intl Stock Index Inv (VGTSX)
6.03% Vanguard Real Estate Index Investor (VGSIX)
18.09% Vanguard Total Bond Market Index Inv (VBMFX)
39.70% Cash (CASHX)		1.26%1.76%-1.91%
28Dec 1999Jan 2000240.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		2.02%2.31%0.64%
27Nov 1999Nov 1999125.83% Vanguard Total Stock Mkt Idx Inv (VTSMX)
12.92% Vanguard Total Intl Stock Index Inv (VGTSX)
6.46% Vanguard Real Estate Index Investor (VGSIX)
19.37% Vanguard Total Bond Market Index Inv (VBMFX)
35.42% Cash (CASHX)		1.47%2.17%2.02%
26Oct 1999Oct 1999135.23% Vanguard Total Stock Mkt Idx Inv (VTSMX)
17.62% Vanguard Total Intl Stock Index Inv (VGTSX)
8.81% Vanguard Real Estate Index Investor (VGSIX)
26.42% Vanguard Total Bond Market Index Inv (VBMFX)
11.92% Cash (CASHX)		2.81%3.23%6.33%
25Sep 1999Sep 1999134.20% Vanguard Total Stock Mkt Idx Inv (VTSMX)
17.10% Vanguard Total Intl Stock Index Inv (VGTSX)
8.55% Vanguard Real Estate Index Investor (VGSIX)
25.65% Vanguard Total Bond Market Index Inv (VBMFX)
14.49% Cash (CASHX)		-0.66%-0.88%-2.74%
24Aug 1999Aug 1999140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-0.43%-0.43%-0.50%
23Jul 1999Jul 1999138.78% Vanguard Total Stock Mkt Idx Inv (VTSMX)
19.39% Vanguard Total Intl Stock Index Inv (VGTSX)
9.70% Vanguard Real Estate Index Investor (VGSIX)
29.09% Vanguard Total Bond Market Index Inv (VBMFX)
3.04% Cash (CASHX)		-1.18%-1.29%-3.13%
22Jun 1999Jun 1999134.79% Vanguard Total Stock Mkt Idx Inv (VTSMX)
17.39% Vanguard Total Intl Stock Index Inv (VGTSX)
8.70% Vanguard Real Estate Index Investor (VGSIX)
26.09% Vanguard Total Bond Market Index Inv (VBMFX)
13.03% Cash (CASHX)		2.32%2.65%5.56%
21May 1999May 1999140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		-1.85%-1.89%-2.39%
20Apr 1999Apr 1999134.75% Vanguard Total Stock Mkt Idx Inv (VTSMX)
17.38% Vanguard Total Intl Stock Index Inv (VGTSX)
8.69% Vanguard Real Estate Index Investor (VGSIX)
26.06% Vanguard Total Bond Market Index Inv (VBMFX)
13.12% Cash (CASHX)		3.49%3.96%3.85%
19Mar 1999Mar 1999132.51% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.25% Vanguard Total Intl Stock Index Inv (VGTSX)
8.13% Vanguard Real Estate Index Investor (VGSIX)
24.38% Vanguard Total Bond Market Index Inv (VBMFX)
18.73% Cash (CASHX)		2.26%2.70%4.00%
18Feb 1999Feb 1999131.23% Vanguard Total Stock Mkt Idx Inv (VTSMX)
15.62% Vanguard Total Intl Stock Index Inv (VGTSX)
7.81% Vanguard Real Estate Index Investor (VGSIX)
23.42% Vanguard Total Bond Market Index Inv (VBMFX)
21.92% Cash (CASHX)		-1.96%-2.63%-3.12%
17Jan 1999Jan 1999139.30% Vanguard Total Stock Mkt Idx Inv (VTSMX)
19.65% Vanguard Total Intl Stock Index Inv (VGTSX)
9.83% Vanguard Real Estate Index Investor (VGSIX)
29.48% Vanguard Total Bond Market Index Inv (VBMFX)
1.74% Cash (CASHX)		1.31%1.33%4.20%
16Dec 1998Dec 1998136.84% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.42% Vanguard Total Intl Stock Index Inv (VGTSX)
9.21% Vanguard Real Estate Index Investor (VGSIX)
27.63% Vanguard Total Bond Market Index Inv (VBMFX)
7.91% Cash (CASHX)		2.95%3.36%5.81%
15Nov 1998Nov 1998119.33% Vanguard Total Stock Mkt Idx Inv (VTSMX)
9.66% Vanguard Total Intl Stock Index Inv (VGTSX)
4.83% Vanguard Real Estate Index Investor (VGSIX)
14.49% Vanguard Total Bond Market Index Inv (VBMFX)
51.69% Cash (CASHX)		2.04%3.90%6.07%
14Oct 1998Oct 1998118.17% Vanguard Total Stock Mkt Idx Inv (VTSMX)
9.09% Vanguard Total Intl Stock Index Inv (VGTSX)
4.54% Vanguard Real Estate Index Investor (VGSIX)
13.63% Vanguard Total Bond Market Index Inv (VBMFX)
54.57% Cash (CASHX)		2.38%4.74%8.16%
13Sep 1998Sep 1998119.19% Vanguard Total Stock Mkt Idx Inv (VTSMX)
9.60% Vanguard Total Intl Stock Index Inv (VGTSX)
4.80% Vanguard Real Estate Index Investor (VGSIX)
14.39% Vanguard Total Bond Market Index Inv (VBMFX)
52.02% Cash (CASHX)		1.86%3.32%6.41%
12Aug 1998Aug 1998137.78% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.89% Vanguard Total Intl Stock Index Inv (VGTSX)
9.45% Vanguard Real Estate Index Investor (VGSIX)
28.34% Vanguard Total Bond Market Index Inv (VBMFX)
5.54% Cash (CASHX)		-8.80%-9.62%-14.47%
11Jul 1998Jul 1998136.10% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.05% Vanguard Total Intl Stock Index Inv (VGTSX)
9.02% Vanguard Real Estate Index Investor (VGSIX)
27.07% Vanguard Total Bond Market Index Inv (VBMFX)
9.76% Cash (CASHX)		-1.15%-1.28%-1.05%
10Jun 1998Jun 1998140.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		1.60%1.64%4.07%
9May 1998May 1998133.71% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.85% Vanguard Total Intl Stock Index Inv (VGTSX)
8.43% Vanguard Real Estate Index Investor (VGSIX)
25.28% Vanguard Total Bond Market Index Inv (VBMFX)
15.73% Cash (CASHX)		-0.92%-1.25%-1.74%
8Mar 1998Apr 1998240.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		3.40%3.50%6.16%
7Feb 1998Feb 1998133.21% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.61% Vanguard Total Intl Stock Index Inv (VGTSX)
8.30% Vanguard Real Estate Index Investor (VGSIX)
24.91% Vanguard Total Bond Market Index Inv (VBMFX)
16.96% Cash (CASHX)		3.49%4.13%7.19%
6Jan 1998Jan 1998137.79% Vanguard Total Stock Mkt Idx Inv (VTSMX)
18.89% Vanguard Total Intl Stock Index Inv (VGTSX)
9.45% Vanguard Real Estate Index Investor (VGSIX)
28.34% Vanguard Total Bond Market Index Inv (VBMFX)
5.53% Cash (CASHX)		1.02%1.05%1.11%
5Dec 1997Dec 1997127.25% Vanguard Total Stock Mkt Idx Inv (VTSMX)
13.63% Vanguard Total Intl Stock Index Inv (VGTSX)
6.81% Vanguard Real Estate Index Investor (VGSIX)
20.44% Vanguard Total Bond Market Index Inv (VBMFX)
31.86% Cash (CASHX)		1.11%1.46%1.72%
4Nov 1997Nov 1997121.62% Vanguard Total Stock Mkt Idx Inv (VTSMX)
10.81% Vanguard Total Intl Stock Index Inv (VGTSX)
5.41% Vanguard Real Estate Index Investor (VGSIX)
16.22% Vanguard Total Bond Market Index Inv (VBMFX)
45.94% Cash (CASHX)		0.93%1.52%4.60%
3Jun 1997Oct 1997540.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		6.25%6.33%8.51%
2May 1997May 1997133.86% Vanguard Total Stock Mkt Idx Inv (VTSMX)
16.93% Vanguard Total Intl Stock Index Inv (VGTSX)
8.47% Vanguard Real Estate Index Investor (VGSIX)
25.40% Vanguard Total Bond Market Index Inv (VBMFX)
15.34% Cash (CASHX)		4.05%4.75%6.09%
1Jan 1997Apr 1997440.00% Vanguard Total Stock Mkt Idx Inv (VTSMX)
20.00% Vanguard Total Intl Stock Index Inv (VGTSX)
10.00% Vanguard Real Estate Index Investor (VGSIX)
30.00% Vanguard Total Bond Market Index Inv (VBMFX)		2.01%1.94%8.74%