Vanguard Portfolio Watch

Vanguard Portfolio Watch is a tool in the Vanguard website for Vanguard clients. It breaks down your asset allocation (including non-Vanguard funds if you list them), and gives cautions if your portfolio is too far from Vanguard's recommendations (too much in tax-inefficient funds in taxable accounts, unusually high or low weight to international stocks, overweight of large-cap, small-cap, growth, or value). A caution from Portfolio Watch does not mean that you are doing something wrong, but that you should be sure that what you are doing is deliberate.

Caution: Vanguard Portfolio Watch does not break down most funds into subclasses properly. If you have a fund which is 70% large-cap stocks and 30% mid-cap and small-cap stocks, Portfolio Watch may treat the fund as 100% large-cap and incorrectly conclude that you are overweighting large-caps.