The Total Bond Market Index Portfolio seeks to track the performance of a broad, market–weighted bond index.
The Total Bond Market Index Portfolio invests entirely in the Vanguard Total Bond Market Index Fund (the “Total Bond Market Index Fund”), which employs an indexing investment approach designed to track the performance of the Bloomberg Barclay’s U.S. Aggregate Float Adjusted Index. This Index represents a wide spectrum of public, Investment Grade, taxable, Fixed Income Securities in the United States — including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed Securities, all with maturities of more than 1 year. The Total Bond Market Index Fund invests by sampling the Index, meaning that it holds a broadly diversified collection of Securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. All of the Total Bond Market Index Fund’s investments will be selected through the sampling process, and at least 80% of the Fund’s assets will be invested in bonds held in the Index. The Fund maintains a dollar-weighted average maturity consistent with that of the Index, which generally ranges between 5 and 10 years.
Because the Total Bond Market Index Portfolio invests entirely in the Vanguard Total Bond Market Index Fund, the Portfolio is subject to a moderate level of interest rate risk, income risk, and call/prepayment risk. The Portfolio is also subject to low levels of credit risk, index sampling risk and extension risk.View Vangu ard Site — Total Bond Market Index Portfolio
Average Annual Returns
Updated Monthly as of 12/31/2018
|1 Year||3 Year||5 Year||Since Inception Sep 2005|
|Total Bond Market Index||-0.11%||1.94%||2.35%||3.61%|
|Total Bond Market Index Benchmark||-0.18%||1.98%||2.37%||3.61%|
Returns are net of fees.
The Total Bond Market Index Portfolio’s Benchmark is a blended composite benchmark reflecting the asset strategic benchmark index components for each underlying investment manager, and an adjustment reflecting the administrative fee for the Portfolio:
Bloomberg Barclays U.S. Aggregate Float Adjusted Index
|As of 1/15/2019||$ 16.24|
Portfolio Fee as of 11/30/2018
|Asset Management Fees||0.03%|
|Inception Date||Sep 2005|