Individual Portfolios
As of September 30, 2021
Since Inception (%)Average Annual Total Returns (%)Expense
Ratio (%)1
1 Yr3 Yrs5 Yrs10 YrsLifetime
Money Market 529 Portfolio
Vanguard Federal Money Market 529 Portfolio*
Fixed Income 529 Portfolios
Baird Short-Term Bond 529 Portfolio2.420.643.17n/an/a2.420.417/17/17
Vanguard Short-Term Inflation-Protected Securities Index 529 Portfolio3.505.474.45n/an/a3.500.127/17/17
Vanguard Total Bond Market Index 529 Portfolio3.54-1.035.31n/an/a3.540.117/17/17
Dodge & Cox Income Fund 529 Portfolio4.421.876.07n/an/a4.420.547/17/17
Vanguard Total International Bond Index 529 Portfolio3.48-1.033.95n/an/a3.480.157/17/17
U.S. Equity 529 Portfolios
Vanguard 500 Index 529 Portfolio16.0329.9115.80n/an/a16.030.107/17/17
DFA U.S. Large Cap Value 529 Portfolio8.2740.818.34n/an/a8.270.388/22/18
T. Rowe Price Large-Cap Growth 529 Portfolio22.9930.4121.96n/an/a22.990.487/17/17
Ariel 529 Portfolio12.0765.8512.00n/an/a12.070.837/17/17
Vanguard Total Stock Market Index 529 Portfolio15.8231.9415.99n/an/a15.820.108/22/18
DFA U.S. Targeted Value 529 Portfolio9.6772.039.09n/an/a9.670.487/17/17
Vanguard Explorer 529 Portfolio18.4841.7515.76n/an/a18.480.457/17/17
International Equity 529 Portfolios
Vanguard Total International Stock Index 529 Portfolio6.8824.208.18n/an/a6.880.157/17/17
DFA International Small Company 529 Portfolio7.0032.348.18n/an/a7.000.647/17/17
Real Estate 529 Portfolio
Vanguard Real Estate Index 529 Portfolio8.8233.4611.87n/an/a8.820.187/17/17

Past performance is not necessarily an indication of future performance. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may be lower or higher than the performance data above. Performance information is current as of the most recent timeframe referenced above and is net of the underlying fund expenses, the 0.08% program management fee, and the 0.03% state fee (0.00% state fee on index portfolios).

1Expense ratio information is the total annual underlying fund expenses for the investment funds that make up each Portfolio. Expense ratios are as of the most recent Program Disclosure Statement dated July 17, 2017 and also include the 0.08% program management fee and the 0.03% state fee (0.00% state fee on index portfolios).

*You could lose money by investing in this investment option. Although the money market fund in which your investment option invests (the “underlying fund”) seeks to preserve its value at $1.00 per share, the underlying fund cannot guarantee it will do so. An investment in this investment option is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The underlying fund’s sponsor has no legal obligation to provide financial support to the underlying fund, and you should not expect that the sponsor will provide financial support to the underlying fund at any time.

For more information about the risks associated with each Portfolio and underlying investments, read the Program Disclosure Statement and the fund prospectus. The Portfolios’ risks are directly related to the risks of the underlying funds.