Portfolio Objectives

The Fixed Income Fund is the most conservative of the target portfolios and seeks to preserve principal with less volatility than an all-bond portfolio while providing modest current income by investing approximately 50% of its net assets in money market investment funds and 50% in fixed income investment funds.

Target Fixed Income Fund

Asset Allocation

Fund Percent
Money Market
Vanguard Cash Reserves Federal Money Market Fund 50%
Fixed Income
Vanguard Total Bond Market Index Fund 15%
Vanguard Short‐Term Inflation‐Protected Securities Index Fund 15%
Vanguard Short‐Term Bond Index Fund 20%

Portfolio Performance

As of January 31, 2024

PortfolioYTD3 Mo1yr3yr5yrLTDExp. RatioInception Date
Target Fixed Income Fund0.42%3.02%4.28%0.79%1.73%1.32%0.24%8/2/10

Fund Performance3

As of 9/30/2023

Fixed Income FundsExpense RatioTickerQTRYTD1yr3yr5yr10yr or Life of FundInception Date
Vanguard Total Bond Market Index Fund
Fact Sheet, Prospectus, Annual Report
0.03%VBTIX-3.08%-0.91%0.75%-5.19%0.15%1.13%2/5/10
Vanguard Short-Term Inflation-Protected Securities Index Fund
Fact Sheet, Prospectus, Annual Report
0.04%VTSPX0.43%2.01%3.31%1.89%2.77%1.67%10/17/12
Vanguard Short-Term Bond Index Fund
Fact Sheet, Prospectus, Annual Report
0.05%VBITX0.16%1.44%2.52%-1.66%1.10%1.05%9/27/11
Money Market FundExpense RatioTickerQTRYTD1yr3yr5yr10yr or Life of FundInception Date
Vanguard Cash Reserves Federal Money Market Fund*
Fact Sheet, Prospectus, Annual Report
0.10%VMRXX1.32%3.71%4.63%1.76%1.74%1.19%10/3/89