The Vanguard Group
Vanguard traces its roots to the founding of Wellington Fund in 1928. Today, with net assets exceeding $1 trillion, Vanguard is the world's largest pure no-load mutual fund company. With a well-earned reputation for competitive investment performance and superior client service, Vanguard is recognized as a low-cost provider, featuring an average expense ratio that is less than one-third the industry average. Portfolios for insurance products are provided through the Vanguard Variable Insurance Fund.
Investment Option Firm/Funds
Vanguard®VIF |
Asset Category |
Risk Ranking |
Objective/Primary Investments |
| Money Market |
Capital Preservation |
1 2 3 4 5 |
Seeks to provide current income, liquidity and stable share price of $1 by investing in high-quality, short-term money market instruments.1 |
| Balanced |
Balanced/Lifestyle |
1 2 3 4 5 |
Seeks to provide Long-term capital appreciation and reasonable level of current income by investing in 60-70% in stocks of established medium sized and large companies, 30-40% in investment grade corporate bonds. |
| Diversified Value |
Large Cap Value |
1 2 3 4 5 |
Seeks long-term capital appreciation and income by investing in common stocks of large and mid-capitalization companies whose stocks are considered undervalued. |
| Equity Income |
Large Cap Value |
1 2 3 4 5 |
Seeks above-average level of current income and long-term capital appreciation by investing in common stocks that pay above-average levels of dividend income. |
| Equity Index |
Large Cap Blend |
1 2 3 4 5 |
Seeks to track the performance of a benchmark index that measures the return of large-capitalization U.S. companies by investing in common stocks included in the Standard & Poor's 500 Index.2 |
| Growth |
Large-Cap Growth |
1 2 3 4 5 |
Seeks long-term capital appreciation by investing in stocks of large-capitalization U.S. companies. |
| High Yield Bond |
High Yield Bond |
1 2 3 4 5 |
Seeks a high level of current income by investing in high-yielding, higher-risk corporate bonds with medium- and lower-range credit-quality ratings. 3 |
| International |
International Large Cap |
1 2 3 4 5 |
Seeks long-term capital appreciation by investing in stocks of companies located outside of the U.S. that have above-average growth potential4 |
| Mid-Cap Index |
Mid Cap Blend |
1 2 3 4 5 |
Seeks to track the performance of a benchmark index that measures the return of mid-capitalization U.S. companies by investing in common stocks included in the MSCI US Mid Cap 450 Index.2,5 |
| REIT Index |
Specialty |
1 2 3 4 5 |
Seeks high-level of income and moderate long-term capital appreciation by investing in stocks of real estate investment trusts, a mix of securities that seek to track the performance of the Morgan Stanley REIT Index.5 |
| Small Company Growth |
Small Cap Growth |
1 2 3 4 5 |
Seeks long-term capital appreciation by investing in stocks of small companies with above-average prospects for growth.6 |
| Total Bond Market Index |
Intermediate Term Bond |
1 2 3 4 5 |
Seeks to track the performance of a broad market-weighted bond index (Barclays US Aggregate Bond) by investing in investment-grade, taxable, fixed income securities as well as mortgage-backed and asset-backed securities.2 |
| Total Stock Market Index |
Large Cap Blend |
1 2 3 4 5 |
The Portfolio employs a "passive management" (or "indexing") investment approach designed to track the performance of the Standard & Poor's (S&P) Total Market Index by investing all, or substantially all, of its assets in two Vanguard funds -- Vanguard Variable Insurance Fund--Equity Index Portfolio, and Vanguard Extended Market Index Fund. 2 |
Information on the risk ranking of investment options is provided by the UNIFI Investment Products Group (a part of Ameritas Life Insurance Corp.), and is provided as impersonal information, and not as investment advice. The Investment Products Group is not advising you personally concerning the nature, potential, value or suitability of any particular investment option. The provision of a risk ranking does not constitute a recommendation that any particular investment option is suitable for any specific person. Risk rankings are prepared from sources believed to be reliable, but the sources are not guaranteed and may not be accurate. Please consult with your own advisers concerning the advisability of selecting particular investment options within your policy. Risk rankings range from “1” (lower risk and lower reward potential) to “5” (higher risk and higher reward potential).
1 Money market investment options are not insured or guaranteed by the Federal Deposit Insurance Corp. or any other government agency. Although the portfolio seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the portfolio. Notwithstanding the foregoing, amounts invested in money market accounts as of September 19, 2008 may be guaranteed to receive $1.00 net asset value, subject to the terms of the U.S. Treasury's Temporary Guarantee Program for Money Market Funds.
2Indexes are unmanaged.
3 High yield bonds have a higher risk that the issuer of the bond will default on payments of principal & interest.
4 Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations can involve additional risk relating to political economic or regulatory conditions in foreign countries. These risks include fluctuations in foreign currencies; withholding or other taxes; trading, settlement, custodial and other operation risk; and the less stringent investor protection and disclosure standards of some foreign markets
5 This portfolio's performance could be hurt by industry concentration risk, stock market risk, interest rate risk and investment style risk.
6 Small capitalization stocks have historically exhibited more volatility than larger-capitalization stocks.
