Annualized
YTD
2017 (FEB)
1 Year
2016
3 Yrs
2014-2016
5 Yrs
2012-2016
10 Yrs
2007-2016
15 Yrs
2002-2016
20 Yrs
1997-2016
Vanguard International Equity 6.52% 4.68% -0.96% 6.27% 1.71% N/A N/A
Benchmark Index 5.86% 6.77% -0.13% 6.82% 2.24% N/A N/A
Annual
Vanguard International Equity Benchmark Index
2001 N/A N/A
2002 N/A N/A
2003 N/A N/A
2004 N/A N/A
2005 N/A N/A
2006 N/A N/A
2007 N/A N/A
2008 N/A N/A
2009 N/A N/A
2010 N/A N/A
2011 N/A N/A
2012 19.23% 19.04%
2013 17.72% 17.97%
2014 -3.77% -4.06%
2015 -3.62% -2.48%
2016 4.68% 6.77%

*Back-tested historical returns
– The performance results do not reflect the deduction of fees
– The client’s return will be reduced by the advisory fees and other expenses
– Our fees are as shown in Part 2 of company’s Form ADV

– Vanguard International Equity Model Portfolio has no exposure to International Real Estate

Benchmark Index
MSCI EAFE Value GR Index 31%
MSCI EAFE Small Cap GR Index 39%
MSCI Emerging Markets Value GR Index 20%
MSCI Emerging Markets GR Index 10%
100%
Vanguard International Equity Benchmark Index
Mean Return 6.85% 7.45%
Median Return 4.68% 6.77%
Worst Return -3.77% -4.06%
Best Return 19.23% 19.04%
Negative Returns 2 2