Morningstar® Investment Profile™   Investment
Option Disclosure
  Prospectus Document   Format
for Print
Vanguard Wellington™ Admiral™  VWENX
Please click on the Investment Option Disclosure link above for more information.
Release date as of 2021-12-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2021-12-31
Out of 665
Allocation--50% to 70% Equity Funds
Morningstar®
Style Box™
What is this?
As of 2021-06-30
As of 2021-06-30
Total Fund Assets ($ Mil)
127,686.56
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks to provide long-term capital appreciation and moderate current income.
The fund invests 60% to 70% of its assets in dividend-paying and, to a lesser extent, non-dividend-paying common stocks of established large companies. The remaining 30% to 40% of the fund's assets are invested mainly in fixed income securities that the advisor believes will generate a moderate level of current income. These securities include investment-grade corporate bonds, with some exposure to U.S. Treasury and government agency bonds, and mortgage-backed securities.
  Morningstar Category: Allocation--50% to 70% Equity
Funds in allocation categories seek to provide both income and capital appreciation by investing in multiple asset classes, including stocks, bonds, and cash. These portfolios are dominated by domestic holdings and have equity exposures between 50% and 70%. 
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 57.5
Bullet Non-U.S. Stocks Non-U.S. Stocks 7.3
Bullet Bonds Bonds 31.9
Bullet Cash Cash 2.2
Bullet Other Other 1.1
Asset Allocation Rescaled Graph
Data through 2021-06-30
Morningstar Equity Sectors
% of Stocks
Cyclical 28.21
Basic Materials 0.00
Consumer Cyclical 9.62
Financial Services 17.24
Real Estate 1.35
Sensitive 46.49
Communication Services 13.75
Energy 2.51
Industrials 10.61
Technology 19.62
Defensive 25.31
Consumer Defensive 7.46
Healthcare 14.95
Utilities 2.90
Data through 2021-06-30
Morningstar Fixed-Income Sectors
% Fund
Government 27.99
Corporate 57.08
Securitized 4.66
Municipal 4.10
Cash & Equivalents 6.17
Other 0.00
Data through 2021-06-30
Credit Analysis
% Bonds
AAA 32.90
AA 9.31
A 35.50
BBB 22.14
BB 0.02
B 0.00
Below B 0.00
Not Rated 0.13
Data through 2021-06-30
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 68
Total Number of Bond Holdings 1109
% of Net Assets in Top 10 Holdings 25.45
Turnover % (as of 2020-11-30) 51.00
30 Day SEC Yield % 1.48
Top Holdings
Sector Country Maturity Date Market Value ($000) % of Net Assets
Alphabet Inc Class A USA --- 5,957,399 4.94
Microsoft Corp USA --- 5,634,084 4.67
Facebook Inc Class A USA --- 3,512,462 2.91
Charles Schwab Corp USA --- 2,836,082 2.35
Apple Inc USA --- 2,558,106 2.12
JPMorgan Chase & Co USA --- 2,516,260 2.09
McDonald's Corp USA --- 2,476,775 2.05
Amazon.com Inc USA --- 1,819,139 1.51
The Home Depot Inc USA --- 1,694,528 1.41
Procter & Gamble Co USA --- 1,692,163 1.40
Data through 2021-06-30
  Principal Risks   
Credit and Counterparty, Prepayment (Call), Loss of Money, Not FDIC Insured, Income, Interest Rate, Market/Market Volatility, Equity Securities, Restricted/Illiquid Securities, Fixed-Income Securities, Management
Show Risk Definitions
  Other Information
Inception Date: 2001-05-14
Portfolio Manager(s)
Daniel J. Pozen   (2019-03-28)
Daniel J. Pozen, Senior Managing Director and Equity Portfolio Manager of Wellington Management. He has worked in investment management since 1999, has been with Wellington Management since 2006. Education: B.A., Williams College; M.B.A., Dartmouth College (Tuck).
Loren L. Moran   (2017-01-27)
Loren L. Moran, CFA, Senior Managing Director and Fixed Income Portfolio Manager of Wellington Management, has been a portfolio manager for the fixed income portion of the Fund since 2017 and securities analysis for the fixed income portion of the Fund since 2014. She has worked in investment management since 2001, has been with Wellington Management since 2014. Education: B.S., Georgetown University.
Investment Advisor(s)
Wellington Management Company LLP
Issuer
Vanguard
Show Data Definitions

© Copyright 2022 Morningstar, Inc.
All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance.
Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.
 Standard Insurance
Morningstar® Investment Profile™   Investment
Option Disclosure
  Prospectus Document   Format
for Print
Vanguard Wellington™ Admiral™  VWENX
Please click on the Investment Option Disclosure link above for more information.
Release date as of 2021-12-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Ratings
Morningstar
Return
Morningstar
Risk
Morningstar
Rating
Number of
Funds
3-Year Above Avg Average 665
5-Year Above Avg Average 601
10-Year High Average 433
Overall High Average 665
Morningstar Category: Allocation--50% to 70% Equity | Number of Funds in Category: 665
Data through 2021-12-31
Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods.
  Volatility Measurements
Standard Deviation 11.37
Mean 17.36
Sharpe Ratio 1.40
Trailing 3-Yr as of 2021-12-31
  Modern Portfolio Theory Statistics
Best Fit Index
S&P 500 TR USD
R-Squared 96
Beta 0.64
Alpha 0.50
Trailing 3-Yr as of 2021-12-31
  Principal Risks   
Credit and Counterparty, Prepayment (Call), Loss of Money, Not FDIC Insured, Income, Interest Rate, Market/Market Volatility, Equity Securities, Restricted/Illiquid Securities, Fixed-Income Securities, Management
Show Risk Definitions
Show Data Definitions

© Copyright 2022 Morningstar, Inc.
All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance.
Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.
 Standard Insurance
Morningstar® Investment Profile™   Investment
Option Disclosure
  Prospectus Document   Format
for Print
Vanguard Wellington™ Admiral™  VWENX
Please click on the Investment Option Disclosure link above for more information.
Release date as of 2021-12-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Style Box Details for Stock Holdings
Size
Average Mkt Cap $Mil 248,704
   
Market Capitalization % of Portfolio
Giant 55.47
Large 43.38
Medium 1.15
Small 0.00
Micro 0.00
   
Investment Valuation Stock
Portfolio
Forward P/E 21.1
Price/Book 3.8
Price/Sales 3.0
Price/Cash Flow 16.5
Dividend Yield 1.9
Long-Term Earnings 14.0
Historical Earnings 4.7
Sales Growth 0.6
Cash-Flow Growth 7.5
Book-Value Growth 3.7
As of 2021-06-30
Data as of 2021-06-30
  Style Box Details for Bond Holdings
Average Eff Duration 7.96 Yrs
Average Eff Maturity 10.50 Yrs
Average Wtd Coupon 2.97
Average Wtd Price 109.33
As of 2021-06-30
Data as of 2021-06-30
  Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 57.5
Bullet Non-U.S. Stocks Non-U.S. Stocks 7.3
Bullet Bonds Bonds 31.9
Bullet Cash Cash 2.2
Bullet Other Other 1.1
Asset Allocation Rescaled Graph
Data through 2021-06-30
  Morningstar Equity Sectors
% of Stocks
Cyclical 28.21
Basic Materials 0.00
Consumer Cyclical 9.62
Financial Services 17.24
Real Estate 1.35
Sensitive 46.49
Communication Services 13.75
Energy 2.51
Industrials 10.61
Technology 19.62
Defensive 25.31
Consumer Defensive 7.46
Healthcare 14.95
Utilities 2.90
Data through 2021-06-30
  Morningstar Fixed-Income Sectors
% Fund
Government 27.99
Corporate 57.08
Securitized 4.66
Municipal 4.10
Cash & Equivalents 6.17
Other 0.00
Data through 2021-06-30
  Credit Analysis
% Bonds
AAA 32.90
AA 9.31
A 35.50
BBB 22.14
BB 0.02
B 0.00
Below B 0.00
Not Rated 0.13
Data through 2021-06-30
Credit Analysis Graph
  Top 25 Holdings
Total Number of Stock Holdings 68
Total Number of Bond Holdings 1109
% of Net Assets in Top 10 Holdings 25.45
Turnover % (as of 2020-11-30) 51.00
30 Day SEC Yield % 1.48
Top 25 Holdings
Sector Country Maturity Date Market Value ($000) % of Net Assets
Alphabet Inc Class A USA --- 5,957,399 4.94
Microsoft Corp USA --- 5,634,084 4.67
Facebook Inc Class A USA --- 3,512,462 2.91
Charles Schwab Corp USA --- 2,836,082 2.35
Apple Inc USA --- 2,558,106 2.12
JPMorgan Chase & Co USA --- 2,516,260 2.09
McDonald's Corp USA --- 2,476,775 2.05
Amazon.com Inc USA --- 1,819,139 1.51
The Home Depot Inc USA --- 1,694,528 1.41
Procter & Gamble Co USA --- 1,692,163 1.40
Texas Instruments Inc USA --- 1,688,516 1.40
Bank of America Corp USA --- 1,608,062 1.33
UnitedHealth Group Inc USA --- 1,601,683 1.33
United States Treasury Bonds --- USA --- 1,538,684 1.28
Pfizer Inc USA --- 1,531,221 1.27
TJX Companies Inc USA --- 1,458,843 1.21
Sysco Corp USA --- 1,409,901 1.17
American Express Co USA --- 1,326,357 1.10
HCA Healthcare Inc USA --- 1,322,571 1.10
BlackRock Inc USA --- 1,294,823 1.07
Taiwan Semiconductor Manufacturing Co Ltd ADR TWN --- 1,289,251 1.07
Becton, Dickinson and Co USA --- 1,287,354 1.07
Comcast Corp Class A USA --- 1,271,032 1.05
TotalEnergies SE FRA --- 1,243,958 1.03
Progressive Corp USA --- 1,231,315 1.02
Data through 2021-06-30
Show Data Definitions

© Copyright 2022 Morningstar, Inc.
All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance.
Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.
 Standard Insurance
Morningstar® Investment Profile™   Investment
Option Disclosure
  Prospectus Document   Format
for Print
Vanguard Wellington™ Admiral™  VWENX
Please click on the Investment Option Disclosure link above for more information.
Release date as of 2021-12-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Fees and Expenses Taken from prospectus dated 2021-03-29  
Maximum Sales Fees
Maximum Sales Charge ---
Maximum Fees
Administrative ---
Management 0.15%
12b-1 ---
Actual Fees
12b-1 ---
Management 0.15%
Expense Ratio 0.16%
(taken from annual report dated 2021-05-31)
Total Annual Operating Expense 0.16%
Waiver Data
Type Date %
--- --- --- ---
  Management
Inception Date: 2001-05-14
Mngr Name Daniel J. Pozen
Mngr Start Date 2019-03-28
Biography
Daniel J. Pozen, Senior Managing Director and Equity Portfolio Manager of Wellington Management. He has worked in investment management since 1999, has been with Wellington Management since 2006. Education: B.A., Williams College; M.B.A., Dartmouth College (Tuck).
Mngr Name Loren L. Moran
Mngr Start Date 2017-01-27
Biography
Loren L. Moran, CFA, Senior Managing Director and Fixed Income Portfolio Manager of Wellington Management, has been a portfolio manager for the fixed income portion of the Fund since 2017 and securities analysis for the fixed income portion of the Fund since 2014. She has worked in investment management since 2001, has been with Wellington Management since 2014. Education: B.S., Georgetown University.
Investment Advisor(s)
Wellington Management Company LLP
Web Site
www.vanguard.com
Issuer
Vanguard
Show Data Definitions

© Copyright 2022 Morningstar, Inc.
All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance.
Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.


Morningstar Investment Profilessm: Investment Option Disclosure

A redemption fee may apply to short-term investments. Investments are subject to market risks and fluctuate in value. Past performance is no guarantee of future results.
Standard Insurance Company currently invests in this Fund through its separate account on behalf of retirement plan sponsors and participants. It reserves the right to cease investing contributions in the Fund. The Standard charges fees, which are described in the prospectus, in addition to those charged by the Fund.
Plan sponsors and participants should carefully consider the investment objectives, risks, charges and expenses of the investment options offered under the retirement plan before investing. The prospectuses for The Standard Group Variable Annuity Contract and its underlying investment options contain this and other important information. Prospectuses may be obtained by calling 877.805.1127. Please read the prospectus carefully before investing.
NOT A DEPOSIT – NOT FDIC INSURED – NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY – NOT GUARANTEED BY THE INSTITUTION – MAY GO DOWN IN VALUE
Morningstar Rating™
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
For private funds, the Morningstar Rating presented is hypothetical, because Morningstar does not independently analyze private funds. Rather, the rating is assigned as a means to compare these funds with the universe of mutual funds that Morningstar rates. The evaluation of this investment does not affect the retail mutual fund data published by Morningstar.
Morningstar Return
The Morningstar Return rates a fund's performance relative to other managed products in its Morningstar Category. It is an assessment of a product's excess return over a risk-free rate (the return of the 90-day Treasury Bill) in comparison with the products in its Morningstar category. In each Morningstar category, the top 10% of products earn a High Morningstar Return (High), the next 22.5% Above Average (+Avg), the middle 35% Average (Avg), the next 22.5% Below Average (-Avg), and the bottom 10% Low (Low). Morningstar Return is measured for up to three time periods (three, five, and 10 years). These separate measures are then weighted and averaged to produce an overall measure for the product. Products with less than three years of performance history are not rated.
Morningstar Risk
Morningstar Risk evaluates a fund's downside volatility relative to that of other products in its Morningstar Category. It is an assessment of the variations in monthly returns, with an emphasis on downside variations, in comparison with the products in its Morningstar category. In each Morningstar category, the 10% of products with the lowest measured risk are described as Low Risk (Low), the next 22.5% Below Average (-Avg), the middle 35% Average (Avg), the next 22.5% Above Average (+Avg), and the top 10% High (High). Morningstar Risk is measured for up to three time periods (three, five, and 10 years). These separate measures are then weighted and averaged to produce an overall measure for the product. Products with less than three years of performance history are not rated.
Risk Measures
R-squared reflects the percentage of a funds movements that are explained by movements in its benchmark index, showing the degree of correlation between the fund and the benchmark.
Beta is a measure of a funds sensitivity to market movements. A portfolio with a beta greater than 1 is more volatile than the market, and a portfolio with a beta less than 1 is less volatile than the market.
Alpha measures the difference between a funds actual returns and its expected performance, given its level of risk (as measured by beta).
Sharpe ratio uses standard deviation and excess return to determine reward per unit of risk.
Standard deviation is a statistical measure of the volatility of the funds returns.
Morningstar Style Box™
The Morningstar Style Box reveals a fund's investment strategy as of the date noted on this report.
For equity funds the vertical axis shows the market capitalization of the long stocks owned and the horizontal axis shows investment style (value, blend, or growth).
For fixed-income funds, the vertical axis shows the credit quality of the long bonds owned and the horizontal axis shows interest rate sensitivity as measured by a bond's effective duration.
For corporate and municipal bonds, Morningstar surveys credit rating information from fund companies on a periodic basis (e.g., quarterly). In compiling credit rating information, Morningstar instructs fund companies to only use ratings that have been assigned by a Nationally Recognized Statistical Rating Organization (NRSRO). If two NRSROs have rated a security, fund companies are to report the lowest rating to Morningstar. If a rating is unavailable or unpublished, then the security or issuer is categorized as Not Rated/Not Available. US Government Securities issued by the US Treasury or US Government Agencies are included in the US Government category. PLEASE NOTE: Morningstar, Inc. is not itself an NRSRO nor does it issue a credit rating on the fund. An NRSRO rating on a fixed-income security can change from time-to-time.
Investment Risk
Foreign Securities Funds/Emerging Markets Funds: Funds that invest in foreign securities involve special additional risks. These risks include, but are not limited to, currency risk, political risk, and risk associated with varying accounting standards. Investing in emerging markets may accentuate these risks.
Sector Funds: Funds that invest exclusively in one sector or industry involve additional risks. The lack of industry diversification subjects the investor to increased industry-specific risks.
Non-Diversified Funds: Funds that invest more of their assets in a single issuer involve additional risks, including share price fluctuations, because of the increased concentration of investments.
Small Cap Funds: Funds that invest in stocks of small companies involve additional risks. Smaller companies typically have a higher risk of failure, and are not as well established as larger blue-chip companies. Historically, smaller-company stocks have experienced a greater degree of market volatility than the overall market average.
Mid Cap Funds: Funds that invest in companies with market capitalizations below $10 billion involve additional risks. The securities of these companies may be more volatile and less liquid than the securities of larger companies.
High-Yield Bond Funds: Funds that invest in lower-rated debt securities (commonly referred to as junk bonds) involve additional risks because of the lower credit quality of the securities in the portfolio. The investor should be aware of the possible higher level of volatility, and increased risk of default. The investor should also be aware that as interest rates rise, bond prices will fall.
Funds that invest in Derivatives: Funds that invest in derivatives are subject to a number of risks, such as liquidity risk, interest rate risk, market risk, credit risk, and management risk. A Fund investing in a derivative instrument could lose more than the principal amount invested, as stated in the Fund's prospectus.
Real Estate Funds: Real estate investment funds are subject to risks, such as market forces, that may affect the values of their underlying real estate assets.