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Learn more about this portfolio's investment strategy and policy.
Region allocation as of 06/30/2025
Equity characteristics as of —
The price per share of a stock divided by its per-share earnings over the past year. For a portfolio, the ratio is the weighted average price/earnings ratio of the stocks it holds.
The price per share of a stock divided by its book value (i.e., net worth) per share. For a portfolio, the ratio is the weighted average price/book ratio of the stocks it holds.
The amount, expressed as a percentage, earned on a company's common stock investment for a specific time frame. This figure tells shareholders how effectively their money is being utilized.
The average annual rate of growth in earnings over the past five years for the stocks in a portfolio.
Month-end ten largest holdings as of 06/30/2025
Portfolio holdings may exclude any temporary cash investments and equity index products.
Vanguard portfolio holdings disclaimer page
Month-end top ten holdings with weighting
Portfolio holdings
Historical volatility measures as of 06/30/2025
A measure of how much of a portfolio's performance can be explained by the returns from the overall market (or a benchmark index). If a portfolio's total return precisely matched that of the overall market or benchmark, its R-squared would be 1.00. If a portfolio's return bore no relationship to the returns of the market or benchmark, its R-squared would be 0. At Vanguard, R-squared is based on returns over the past 36 months for both the fund and the index.
A measure of the magnitude of a portfolio's past share-price fluctuations in relation to the ups and downs of the overall market (or appropriate market index). The market (or index) is assigned a beta of 1.00, so a portfolio with a beta of 1.20 would have seen its share price rise or fall by 12% when the overall market rose or fell by 10%. At Vanguard, beta is based on returns over the past 36 months for both the fund and the index.
Market allocation (% of common stock) as of 06/30/2025
* Note: R-squared and beta are calculated from trailing 36-month fund returns relative to the associated benchmark.