INPUTS

Asset Ranges and Returns (one row per observation):
Mmkt Bonds LgStx MSStx Europe Pacific MIN 0 0 0 0 0 0 MAX 1 1 1 1 1 1 199301 0.27 1.89 0.81 2.07 0 -0.26 199302 0.23 1.86 1.36 -1.41 0.86 4.51 199303 0.25 0.37 2.11 3.38 5.1 12.31 199304 0.24 0.74 -2.42 -3.38 2.12 15.82 199305 0.24 0.14 2.65 4.07 1.58 4.1 199306 0.24 1.8 0.27 0.77 -1.36 -2.72 199307 0.25 0.61 -0.42 0.44 0.4 5.78 199308 0.25 1.69 3.79 4.36 8.86 3.1 199309 0.24 0.4 -0.79 2.09 -0.27 -3.45 199310 0.25 0.3 2.08 1.28 3.72 2.29 199311 0.24 -0.97 -1 -3.03 -2.19 -14.31 199312 0.26 0.48 1.22 3.35 7.66 6.9 199401 0.26 1.39 3.38 2.93 4.71 11.35 199402 0.23 -1.78 -2.71 -1.45 -3.62 2.3 199403 0.26 -2.3 -4.39 -4.51 -3.01 -5.37 199404 0.27 -0.83 1.29 0.86 4.91 4.76 199405 0.31 0 1.63 -0.42 -4.11 2.53 199406 0.32 -0.18 -2.47 -3.09 -1.11 2.98 199407 0.35 1.84 3.28 2.69 5.29 -1.99 199408 0.37 0.14 4.08 4.87 2.96 1.69 199409 0.37 -1.44 -2.45 -1.02 -4.08 -2.49 199410 0.4 -0.07 2.25 0.52 4.08 2.39 199411 0.41 -0.18 -3.65 -3.95 -3.84 -5.66 199412 0.46 0.8 1.46 1.25 0.52 0.98 199501 0.48 1.9 2.58 0.92 -0.6 -6.1 199502 0.44 2.17 3.88 4.07 1.97 -2.82 199503 0.5 0.68 2.95 2.26 3.94 6.98 199504 0.48 1.31 2.94 1.81 4.2 5.08 199505 0.5 3.95 3.95 2.27 2.56 -3.88 199506 0.48 0.66 2.31 4.68 1.21 -4.4 199507 0.48 -0.25 3.3 5.86 5.22 7.23 199508 0.47 1.17 0.25 2.57 -3.97 -3.85 199509 0.45 0.95 4.23 2.72 3.03 1 199510 0.47 1.47 -0.36 -2.73 -0.57 -4.87 199511 0.45 1.44 4.38 4.12 0.58 4.93 199512 0.47 1.44 1.93 1.18 3.08 4.87

Fund Name

Fund Returns:
Return 199301 2.197 199302 2.707 199303 3.189 199304 3.191 199305 1.62 199306 0.07845 199307 1.318 199308 3.396 199309 -0.9583 199310 0.6649 199311 -1.762 199312 2.268 199401 2.688 199402 -1.746 199403 -4.104 199404 -0.8574 199405 0.1571 199406 -1.031 199407 1.917 199408 0.9404 199409 -0.7029 199410 -1.181 199411 -1.434 199412 0.08219 199501 0 199502 2.197 199503 1.682 199504 1.027 199505 1.878 199506 1.091 199507 1.461 199508 0.2271 199509 0.9026 199510 -0.9091 199511 2.829 199512 1.644

OUTPUT

NOTES

Asset returns for Vanguard Mutual Funds taken from the pages found under Monthly Returns on William F. Sharpe's home page. Funds: MM Vanguard Money Market Reserves - U.S. Treasury Portfolio Bonds Vanguard Bond Index: Total Bond Market LgStx Vanguard Index: 500 Portfolio MSStx Vanguard Index: Extended Market Europe Vanguard International Equity: European Pacific Vanguard International Equity: Pacific