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CSD Retirement Trust 403(b) Plan
Vanguard Federal Money Market Investor - VMFXX
Monitoring Rating: Pass
Objective
The investment seeks to provide current income while
maintaining liquidity and a stable share price of $1. The fund
invests primarily in high-quality, short-term money market
instruments. Under normal circumstances, at least 80% of the
fund's assets are invested in securities issued by the U.S.
government and its agencies and instrumentalities. It
maintains a dollar-weighted average maturity of 60 days or
less and a dollar-weighted average life of 120 days or less. The
fund generally invests 100% of its assets in government
securities and therefore will satisfy the 99.5% requirement for
designation as a government money market fund.
Statistics
Inception Date
07/13/1981
Manager Tenure
9.08
Assets($1000s)
$66,259,078
Net Exp Ratio
0.11
12b-1 Fees
-
Average Mkt Cap($1000s)
-
Risk Characteristics
VMFXX Cat Avg
3 Yr Std Dev
0.04 0.02
5 Yr Std Dev
0.03 0.01
5 Yr Beta
0.61 0.17
5 Yr Alpha
0.00 0.01
5 Yr Sharpe
-1.57 -2.38
5 Yr Information Ratio
-1.57 -2.38
5 Yr Tracking Error
0.03 0.04
5 Yr Upside Capture
60.08 21.98
5 Yr Downside Capture
-42.78 -28.74
5 Yr Batting Avg
0.32 0.19
Excess Returns vs. Category/Index
vs BofAML US Treasury Bill 3 Mon TR USD
vs Category Avg
0.3
0.2
0.1
0
-0.1
10-Yr
5-Yr
3-Yr
12-Month
3-Month
0.03
-0.04
-0.02
-0.03
-0.01
0.17
0.05
0.08
0.21
0.05
Calendar Year Performance
2012
2013
2014
2015
2016
VMFXX
0.01
0.02
0.01
0.04
0.30
Cat Avg
0.01
0.01
0.01
0.02
0.09
Index
0.11
0.07
0.03
0.05
0.33
Cat Rank
57
18
55
11
2
Equity- 12 Month Moving Windows: Dec 2006 - Dec 2016
Vanguard Federal Mon-
ey Market Investor
Mortgages - Corp/Gov
2
1
0
-1
-2
Corporate - Government
2
1
0
-1
-2
1
0
-1
-
Govt.Bonds
Corp.Bonds
Mortgages
Sector Allocation vs. Category
Insufficient data to display graph
+/-Category Avg
Asset Allocation
Other (0.01%)
Non-US Bonds (0.00%)
US Bonds (31.76%)
Non-US Stocks (0.00%)
US Stocks (0.00%)
Cash (68.23%)