The Portfolio seeks to provide capital appreciation and current income.
The Portfolio invests in two Vanguard® stock index funds and two Vanguard® bond index funds according to a formula that results in an allocation of 50% of assets to stocks and 50% to investment-grade bonds. The percentages of the Portfolio's assets allocated to each Underlying Fund are: Vanguard® Institutional Total Stock Market Index Fund 30% Vanguard® Total International Stock Index Fund 20% Vanguard® Total Bond Market II Index Fund 35% Vanguard® Total International Bond Index Fund 15% Through its ownership of the two stock funds, the Portfolio indirectly owns primarily large-capitalization U.S. stocks and, to a lesser extent, mid- and small-capitalization U.S. stocks and international stocks. Through its ownership of the two bond funds, the Portfolio also indirectly holds a mix of bonds—including government, government agency, corporate, securitized non-U.S. investment-grade fixed income investments and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities—that represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States and abroad, all with maturities of more than 1 year. To minimize the currency risk associated with investment in bonds denominated in currencies other than the U.S. dollar, the Portfolio attempts to hedge its currency exposures.
Through its stock fund holdings, the Portfolio is subject to stock market risk. Through its bond fund holdings, the Portfolio is subject to low to moderate levels of interest rate risk, credit risk, income risk, and call/prepayment risk. The Portfolio also has low levels of foreign securities risk, currency risk, nondiversification risk, index sampling risk, and derivatives risk.
**Consists of the Bloomberg Barclays U.S. Aggregate Float Adjusted Bond Index (35%), the CRSP US Total Market Index (30%), the FTSE Global All Cap ex US Index (20%), and the Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index Hedged (15%). The Bloomberg Barclays U.S. Aggregate Float Adjusted Bond Index replaced the Barclays U.S. Aggregate Bond Index on December 31, 2009. Effective September 29, 2016, Barclays indexes were rebranded to Bloomberg Barclays indexes. The CRSP US Total Market Index replaced the MSCI US Broad Market Index (on January 15, 2013), which had replaced the Dow Jones Wilshire 5000 Index (on April 22, 2005). The FTSE Global All Cap ex US Index replaced the MSCI ACWI ex USA IMI Index (on June 3, 2013), which had replaced the MSCI EAFE + Emerging Markets Index (on December 16, 2010).
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The above investment information is provided directly by The Vanguard Group and is not independently verified by CollegeInvest.
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
For more information about the CollegeInvest Direct Portfolio College Savings Plan, click here to obtain a Plan Disclosure Statement and Participation Agreement (PDS). Investment objectives, risks, charges, expenses, and other important information are included in these documents; read and consider them carefully before investing.If you are not a Colorado taxpayer, consider before investing whether your or the designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program. Other state benefits may include financial aid, scholarship funds, and protection from creditors.The CollegeInvest Direct Portfolio College Savings Plan is administered and issued by CollegeInvest. Vanguard Marketing Corporation, Distributor.Investments in the CollegeInvest Direct Portfolio College Savings Plan are not guaranteed by the State of Colorado, CollegeInvest, or any other governmental entity, the Vanguard Group, Inc. or Ascensus Broker Dealer Services, LLC., or their affiliates, and may lose value including the principal amount invested.CollegeInvest is the issuer of plan securities and is the trustee of the plans in accordance with Colorado law. CollegeInvest also oversees the Managers' activities and provides certain administrative services, such as marketing, audit, and financial statements, in connection with the plans.Ascensus Broker Dealer Services, LLC. and Ascensus College Savings Recordkeeping Services, LLC serve as Plan Managers for the CollegeInvest Direct Portfolio College Savings Plan and have overall responsibility for the day-to-day operations. The Vanguard Group, Inc. also serves as Plan Manager and Investment Manager for the CollegeInvest Direct Portfolio College Savings Plan and Vanguard Marketing Corporation, an affiliate of The Vanguard Group, Inc., assists CollegeInvest with marketing and distributing the Direct Portfolio College Savings Plan.The Plan's portfolios, although they invest in Vanguard mutual funds, are not mutual funds and you could lose money by investing in the plan.CollegeInvest and the CollegeInvest logo are registered trademarks. Vanguard is a trademark of The Vanguard Group, Inc. Upromise is a registered service mark of Upromise, Inc.
