Vanguard VIF Global Bond Index Division

Portfolio Composition

as of 05/31/2025

Asset Type	Net	Short	Long
U.S. Bonds	64.84%	0.02%	64.87%
Non-U.S. Bonds	33.25%	0.0%	33.25%
Cash	1.86%	22.92%	24.78%
Convertibles	0.05%	0.0%	0.05%
Total	100%

Top 10 Holdings

as of 05/31/2025

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% of Net Assets

Vanguard VIF Total Bond Mkt Idx	69.96
Vanguard Total Intl Bd Idx Admiral(TM)	29.89

Total*: 99.85

*Values may exceed 100% if both long and short positions are included in the portfolio

Morningstar Style Box™

as of 05/31/2025

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Credit Analysis

as of 05/31/2025

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% Bonds

AAA	57.97
AA	10.27
A	16.38
BBB	14.49
Not Rated	0.89

Statistics

as of 05/31/2025

Average Eff Duration (yrs):	6.14
Average Eff Maturity (yrs):	8.35
Avg Weighted Coupon:	3.35
Avg Weighted Price:	$93.42

Analysis

as of 05/31/2025

Turnover Ratio:	10.00%
# Stock Holdings:	0
# Bond Holdings:	0
# Other Holdings:	4
Total # of Holdings:	4

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