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Bond Market Index Portfolio

Overview

Unit Price as of 10/28/2024 $18.11
Change -$0.01 -0.06%
Expense Ratio as of 10/28/2024 0.12%
Inception Date 11/20/2003

Investment Objective

The Portfolio seeks to track the performance of a broad, market-weighted bond index.

Investment Strategy

The Portfolio invests 100% of its assets in Vanguard® Total Bond Market Index Fund, which employs an indexing investment approach designed to track the performance of the Bloomberg Barclays U.S. Aggregate Float Adjusted Index. This Index represents 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 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 Fund's assets 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 maintains a dollar-weighted average maturity consistent with that of the Index, which generally ranges between 5 and 10 years.

Investment Risks

The Portfolio primarily is subject to moderate levels of interest rate risk, income risk, call risk, prepayment risk, and extension risk. The Portfolio also has low levels of credit risk, index sampling risk, and derivatives risk.

Average Annual Returns - Updated Monthly as of 09/30/2024

Name 1 year 3 year 5 year 10 year Since Inception 11/20/2003
Name Bond Market Index Portfolio 1 year 11.34% 3 year -1.52% 5 year 0.23% 10 year 1.73% Since Inception 11/20/2003 3.01%
Name Spliced Bloomberg Barclays U.S. Aggregate Float Adjusted Index** 1 year 11.47% 3 year -1.38% 5 year 0.36% 10 year 1.87% Since Inception 11/20/2003 3.30%

**The Spliced Bloomberg Barclays U.S. Aggregate Float Adjusted Index consists of the Barclays U.S. Aggregate Bond Index through December 31, 2009; and the Bloomberg Barclays U.S. Aggregate Float Adjusted Index thereafter. Effective September 29, 2016, Barclays indexes were rebranded to Bloomberg Barclays indexes.

Annual Investment Returns

Year Ended Bond Market Index Portfolio
Year Ended 2023 Bond Market Index Portfolio 5.59%
Year Ended 2022 Bond Market Index Portfolio -13.25%
Year Ended 2021 Bond Market Index Portfolio -1.72%
Year Ended 2020 Bond Market Index Portfolio 7.63%
Year Ended 2019 Bond Market Index Portfolio 8.58%

Historical Prices

10/28/2024 $18.11
10/25/2024 $18.12
10/24/2024 $18.16
10/23/2024 $18.14
10/22/2024 $18.17

Search for more historical price information

Index performance is provided as a benchmark but is not illustrative of any particular investment. An investment cannot be made in an index.

The performance data shown represents past performance. Past performance - especially short-term past performance - is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors' units, when sold, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data cited. For performance data current to the most recent quarter-end click here.

Investment returns are not guaranteed, and you could lose money by investing in the Direct Plan.

For more information about New York's 529 College Savings Program Direct Plan, download a Disclosure Booklet and Tuition Savings Agreement or request one by calling 877-NYSAVES (877-697-2837). This document includes investment objectives, risks, charges, expenses, and other information. You should read and consider them carefully before investing.

Before you invest, consider whether your or the beneficiary's home state offers any state tax or other benefits that are only available for investments in that state's 529 plan. Other state benefits may include financial aid, scholarship funds, and protection from creditors.

The Comptroller of the State of New York and the New York State Higher Education Services Corporation are the Program Administrators and are responsible for implementing and administering the Direct Plan.

Ascensus Broker Dealer Services, Inc., serves as Program Manager and, in connection with its affiliates, provides recordkeeping and administrative support services and is responsible for day-to-day operations of the Direct Plan. The Vanguard Group, Inc., serves as the Investment Manager. Vanguard Marketing Corporation markets, distributes, and underwrites the Direct Plan.

No guarantee: None of the State of New York, its agencies, the Federal Deposit Insurance Corporation (FDIC), The Vanguard Group, Inc., Ascensus Broker Dealer Services, Inc., nor any of their applicable affiliates insures accounts or guarantees the principal deposited therein or any investment returns on any account or investment portfolio.