Monthly Sustainable Model Portfolios Performance Summary: October 2019

Model portfolios: Sustainable model portfolios exceeded or matched the performance of their conventional benchmarks in October
The aggressive and moderate sustainable model portfolios both outperformed their conventional indices, reversing last month’s declines, while the conservative portfolio matched results. To varying degrees, the three portfolios benefited from the outperformance delivered by the Vanguard FTSE Social Index Investor Shares relative to the S&P 500 Index. The fund posted a total return of 2.77%, or 0.60% higher than the conventional S&P 500 Index that gained 2.17% in October. The fund outpaces the S&P 500 over the last twelve months and, since the inception date of the model portfolios as of October 2012, the fund has eclipsed the conventional index by a significant 28.43%. Refer to Table 1.