Report : Investment | January 27, 2023

TDF Quarterly Review Q4 2022

Darkest before the dawn

As painful as 2022 was, we know that many investors have experienced disappointing years like this before and, at some point, will again. We believe most TDF investors are best served by looking past the short-term setbacks and staying focused on the long-term goal of investing for a successful retirement. Regardless of where they are in their retirement journey, making slight adjustments to spending and saving behaviors could help TDF investors maintain financial well-being and ensure that they have sufficient income to last throughout their retirement years.

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Performance of key Vanguard index funds


Fund name

(Inception date)












Vanguard Total Bond Market Index Fund


-5.98% -4.71% -4.65% -1.67% -13.15%  

Vanguard Total International Bond Index Fund


-4.98% -5.19% -3.28% -0.02% -12.98%  

Vanguard Total Stock Market Index Fund


-5.46% -16.84% -4.46% 7.16% -19.51%  

Vanguard Total International Stock Index Fund


-6.07% -12.85% -10.52% 14.72% -15.98%  

Vanguard Short-Term Inflation-Protected Securities Index Fund


-0.29% -1.13% -2.64% 1.27% -2.80%  

Source of performance figures: Vanguard, Institutional share class, as of December 31, 2022.

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at Standard performance of the funds can be located in the Quarterly Review Appendix.

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