Total charitable impact

 

Multi-fund investment options

If you prefer a simple yet sophisticated fund of funds, we offer a selection of multi-fund options that spans the risk spectrum. Vanguard's seasoned team of investment professionals sets the asset allocation and rebalances the funds daily. All multi-fund options are made up of more than one underlying Vanguard mutual fund.

The table below details our multi-fund investment options. Click on the links for an overview, performance summary, and prospectus on each underlying fund.1 The expense ratios are assessed by the Vanguard mutual funds and vary based on allocation and account status; Vanguard Charitable does not itself charge investment fees. Any multi-fund option can be combined with other single or multi-fund options. See our single fund options.

Investment option name Underlying mutual fund Approximate asset allocation Standard
account
expense ratio2
Select
account
expense ratio3
Risk potential**
Gift Preservation4 Vanguard Federal Money Market Fund

Vanguard Short-Term Investment-Grade Fund
50%

50%
0.11% 0.09% Conservative
Conservative Growth5 Vanguard Total Bond Market Index Fund

Vanguard Total Stock Market Index Fund

Vanguard Total International Stock Index Fund
60%

30%

10%
0.05% 0.04% Conservative
Moderate Growth6 Vanguard Balanced Index Fund

Vanguard WellingtonTM Fund

Vanguard Total International Stock Index Fund
45%

45%

10%
0.16% 0.11% Moderate
Growth7 Vanguard Total Bond Market Index Fund

Vanguard Total Stock Market Index Fund

Vanguard Total International Stock Index Fund
20%

55%

25%
0.06% 0.05% Moderate--Aggressive
Total Equity8 Vanguard 500 Index Fund

Vanguard Extended Market Index Fund

Vanguard Total International Stock Index Fund
55%

15%

30%
0.07% 0.06% Aggressive

 

Quick links

Investment options and performance

Current investment net asset value

Historical investment net asset value

Invest in philanthropy

 

1While they may be invested in mutual funds, the investment options are not themselves mutual funds, nor are they publicly traded. They are not available for investment by any individual or organization apart from Vanguard Charitable. As such, prospectuses only exist for the underlying mutual funds, and not for the Vanguard Charitable investment options.

2Standard account expense ratios utilize the Admiral share class of the underlying Vanguard mutual funds when possible.

3Select account expense ratios utilize the Institutional share class of the underlying Vanguard mutual funds where applicable.

450% Institutional Money Market Funds Average and 50% Bloomberg Barclays US 1-5 Year Credit Bond Index.

560% Spliced Bloomberg Barclays U.S. Aggregate Float Adjusted Index, 30% Spliced Total Stock Market Index, and 10% Spliced Total International Stock Index. Spliced Bloomberg Barclays U.S. Aggregate Float Adjusted Index: Bloomberg Barclays U.S. Aggregate Bond Index through December 31, 2009; Bloomberg Barclays U.S. Aggregate Float Adjusted Index thereafter. Spliced Total Stock Market Index: Dow Jones Wilshire 5000 Index through April 22, 2005; MSCI US Broad Market Index through June 2, 2013; and CRSP US Total Market Index thereafter. Spliced Total International Stock Market Index: Total International Composite Index through August 31, 2006; MSCI EAFE + Emerging Markets Index through December 15, 2010; MSCI ACWI ex US IMI Index through June 2, 2013; and FTSE Global All Cap ex US Index thereafter.

660% Wilshire 5000 Index and 40% Lehman Aggregate Bond Index through December 31, 2009; 45% Balanced Composite Index, 45% Wellington Composite Index, and 10% Spliced Total International Stock Index thereafter. Balanced Composite Index: Made up of two unmanaged benchmarks, weighted 60% Dow Jones Wilshire 5000 Index and 40% Lehman Aggregate Bond Index through May 31, 2005; 60% MSCI US Broad Market Index and 40% Bloomberg Barclays Capital Aggregate Bond Index through January 14, 2013; and 60% CRSP US Total Market Index and 40% Bloomberg Barclays U.S. Aggregate Float Adjusted Index thereafter. Wellington Composite Index: 65% S&P 500 Index and 35% Lehman Long Credit AA or Better Index through February 29, 2000; 65% S&P 500 Index and 35% Bloomberg Barclays Capital Credit A or Better Index thereafter. Spliced Total International Stock Market Index: Total International Composite Index through August 31, 2006; MSCI EAFE + Emerging Markets Index through December 15, 2010; MSCI ACWI ex US IMI Index through June 2, 2013; and FTSE Global All Cap ex US Index thereafter.

780% Wilshire 5000 Index and 20% Lehman Aggregate Bond Index through December 31, 2009; 55% Spliced Total Stock Market Index, 20% Spliced Bloomberg Barclays U.S. Aggregate Float Adjusted Index, and 25% Spliced Total International Stock Market Index thereafter. Spliced Bloomberg Barclays U.S. Aggregate Float Adjusted Index: Bloomberg Barclays U.S. Aggregate Bond Index through December 31, 2009; Bloomberg Barclays U.S. Aggregate Float Adjusted Index thereafter. Spliced Total Stock Market Index: Dow Jones Wilshire 5000 Index through April 22, 2005; MSCI US Broad Market Index through June 2, 2013; and CRSP US Total Market Index thereafter. Spliced Total International Stock Market Index: Total International Composite Index through August 31, 2006; MSCI EAFE + Emerging Markets Index through December 15, 2010; MSCI ACWI ex US IMI Index through June 2, 2013; and FTSE Global All Cap ex US Index thereafter.

855% S&P 500 Index, 15% S&P Completion Index, and 30% Spliced Total International Stock Market Index. Spliced Total International Stock Market Index: Total International Composite Index through August 31, 2006; MSCI EAFE + Emerging Markets Index through December 15, 2010; MSCI ACWI ex US IMI Index through June 2, 2013; and FTSE Global All Cap ex US Index thereafter.

 

**The potential for risk in Vanguard funds can be categorized in levels from 1 to 5. Knowing the risk level you are comfortable with and the length of time you expect the assets in the philanthropic account to be invested can help you select an appropriate investment recommendation.

Conservative - Risk level 1 Vanguard funds are classified as conservative if their share prices are expected to remain stable or to fluctuate only slightly. Such funds may be appropriate for the short-term reserves portion of a long-term investment portfolio, or for investors with short-term investment horizons (three years or less).

Conservative to moderate - Risk level 2 Vanguard funds classified as conservative to moderate are subject to low-to-moderate fluctuations in share prices. In general, such funds may be appropriate for investors with medium-term investment horizons (four to ten years).

Moderate - Risk level 3 Vanguard funds classified as moderate are subject to a moderate degree of fluctuation in share prices. In general, such funds may be appropriate for investors who have a relatively long investment horizon (more than five years).

Moderate to aggressive - Risk level 4 Vanguard funds of this type are broadly diversified but are subject to wide fluctuations in share price because they hold virtually all of their assets in common stocks. These funds may be appropriate for investors who have a long-term investment horizon (ten years or longer).

Aggressive - Risk level 5 Vanguard funds classified as aggressive are subject to extremely wide fluctuations in share price. These funds may be appropriate for investors who have a long-term investment horizon (ten years or longer). The unusually high volatility associated with these funds may stem from a number of strategies.