Investment Options and Performance
Total Bond Market Index Portfolio
Investment Strategy
The Total Bond Market Index Portfolio invests entirely in the Vanguard Total Bond Market Index Fund (the "Total Bond Market Index Fund"), which employs an indexing investment approach designed to track the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. This Index measures the performance of a wide spectrum of public, Investment Grade, taxable, Fixed Income Securities in the United States — including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed Securities, all with maturities of more than 1 year. The Total Bond Market Index Fund invests by sampling the Index, meaning that it holds a broadly diversified collection of Securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. All of the Total Bond Market Index Fund’s investments will be selected through the sampling process, and at least 80% of the Fund’s assets will be invested in bonds held in the Index. The Fund seeks to maintain a dollar-weighted average maturity and an average duration consistent with that of the Index.
Investment Portfolio | Unit Value | Daily Change | YTD Return1 | 1 Month2 | 3 Month2 | 1 Year2 | 3 Year2 | 5 Year2 | 10 Year2 | Since Inception2 | Inception Date | Expense Ratio |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Bond Index | $17.52 | -0.40% | 2.39% | 1.14% | -0.02% | 6.83% | -2.00% | -0.03% | 1.45% | 2.93% | Sep 2005 | 0.075% |
Benchmark | 1.03% | -0.10% | 6.79% | -2.00% | -0.03% | 1.47% | 2.93% |
1. YTD Return as of 12/12/2024.
2. Total Returns as of 11/30/2024.
How to Interpret the Charts
The performance charts display historical performance for Invest529 portfolios. Two values are represented on each chart.
The first value is the daily Unit Price and is represented by the blue line on the chart. The second value is the percent change of the Unit Price based on a selected timeframe and is represented by the purple line. A date selector can be found underneath the chart that allows for custom date ranges to be chosen. These charts also feature the ability to zoom into pre-determined time periods (Note: Selecting a zoom period will not change the previously selected date range).
Key Terms:
Benchmark
An unmanaged group of securities whose overall performance is used as a standard to measure investment performance.
Net Asset Value (NAV)
The market value of a mutual fund's total assets, minus liabilities, divided by the number of shares outstanding. The value of a single share is called its share value or share price.
To view the full definitions, please see the official Invest529 Program Description.
Average Annual Returns
Updated Monthly as of 11/30/2024
1 Year | 3 Year | 5 Year | Since Inception Sep 2005 | |
---|---|---|---|---|
Total Bond Market Index Portfolio | 6.83% | -2.00% | -0.03% | 2.93% |
Benchmark
The Total Bond Market Index Portfolio’s Benchmark is a blended composite benchmark reflecting the asset strategic benchmark index components for each underlying investment manager, and an adjustment reflecting the administrative fee for the Portfolio:
- Bloomberg Barclays U.S. Aggregate Float Adjusted Index
Portfolio Fees as of 11/30/2024
Fee Type | Percent |
---|---|
Asset Management Fees | 0.030% |
Administrative Fee | 0.045% |
Expense Ratio (Asset Management + Administrative Fee) | 0.075% |
Historical Prices
Date | Price |
---|---|
12/12/2024 | $17.52 |
12/11/2024 | $17.59 |
12/10/2024 | $17.63 |
12/9/2024 | $17.64 |
12/6/2024 | $17.70 |
Investment Objective
The Total Bond Market Index Portfolio seeks to track the performance of a broad, market–weighted bond index.
Investment Risks
Because the Total Bond Market Index Portfolio invests entirely in the Vanguard Total Bond Market Index Fund, the Portfolio is subject to a moderate level of interest rate risk, income risk, and call/prepayment risk. The Portfolio is also subject to low levels of credit risk, index sampling risk and extension risk.
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Notes:
- All investment return information is calculated by BNY Mellon Asset Servicing. Returns are presented net of management fees and Invest529 administrative fees. Returns for periods greater than one year are annualized.
- The Invest529 Total Bond Market Index Portfolio uses the Vanguard Total Bond Market Index Fund (Institutional Plus Shares) as the underlying investment vehicle. This means that the Invest529 Portfolio invests in and owns shares of the underlying Vanguard Fund. Invest529 Program investors own shares of the Invest529 Portfolio; they do not directly own shares of the underlying Vanguard Fund.
- The Fund Benchmark is a custom benchmark that provides for the comparison of Fund performance results to an appropriate strategic benchmark index, in this case the Bloomberg Barclays U.S. Aggregate Float Adjusted Index, with an adjustment reflecting the Invest529 administrative fee for the Fund.
- Past performance is no guarantee of future results. Please refer to the Invest529 Program Description and the underlying Vanguard Fund prospectus before making any investment decision.