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Objective
The International Stock Portfolio seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in developed and emerging markets, excluding the United States.
Strategy
The Portfolio invests 100% of its assets in Vanguard Total International Stock Index Fund. The Underlying Fund employs an indexing investment approach designed to track the performance of the FTSE Global All Cap ex US Index, a float-adjusted market-capitalization-weighted index designed to measure equity market performance of companies located in developed and emerging markets, excluding the United States. The Index includes approximately 5,715 stocks of companies located in 45 countries. The Underlying Fund invests all, or substantially all, of its assets in the common stocks included in its target index.
Risks
As with any investment, your investment in the Portfolio could lose money or the Portfolio's performance could trail that of other investments. Each Portfolio has a different level of risk. For a full description of the investment risks associated with this Portfolio, see the Program Description.
