Fixed Income Fund

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The Fixed Income Fund Investment Option invests in a combination of domestic and international equity, real estate, fixed income, and/or cash investments in order to seek long-term growth with the potential to earn income. This portfolio has a target allocation of 50% Fixed Income, and 50% Money Market.

Total Annual Asset-Based Fee^*

0.24%

^*Includes the program management fee and the estimated underlying fund expenses based on the most recent fund prospectuses dated prior to December 31, 2023.

Underlying Investments

Vanguard Cash Reserves Federal Money Market Fund 50%

Vanguard Cash Reserves Federal Money Market Fund's Fact Sheet PDF Vanguard Cash Reserves Federal Money Market Fund's Prospectus PDF Vanguard Cash Reserves Federal Money Market Fund's Annual Report PDF
Vanguard Short-Term Bond Index Fund 20%

Vanguard Short-Term Bond Index Fund's Fact Sheet PDF Vanguard Short-Term Bond Index Fund's Prospectus PDF Vanguard Short-Term Bond Index Fund's Annual Report PDF
Vanguard Total Bond Market Index Fund 15%

Vanguard Total Bond Market Index Fund's Fact Sheet PDF Vanguard Total Bond Market Index Fund's Prospectus PDF Vanguard Total Bond Market Index Fund's Annual Report PDF
Vanguard Short-Term Inflation-Protected Securities Index Fund 15%

Vanguard Short-Term Inflation-Protected Securities Index Fund's Fact Sheet PDF Vanguard Short-Term Inflation-Protected Securities Index Fund's Prospectus PDF Vanguard Short-Term Inflation-Protected Securities Index Fund's Annual Report PDF

Fixed Income Fund

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Total Annual Asset-Based Fee*

Underlying Investments

Total Annual Asset-Based Fee^*