Description

This portfolio aims to achieve its investment goals primarily by allocating assets across equity (stock) and fixed income (bond) securities. It can accomplish this either through direct investments or indirectly by holding other exchange-traded funds (ETFs) or various investment funds managed by Vanguard or an affiliated company. Under typical market conditions, the sub-advisor strives to uphold a strategic long-term asset allocation, targeting approximately 60% in equities and 40% in fixed income. The sub-advisor holds the discretion to periodically re-evaluate and rebalance the portfolio's asset composition as needed. The underlying investments are generally expected to be index funds, offering broad exposure to both stock and bond markets.