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Vanguard Total Bond Market Index Portfolio

Overview

Unit Price as of 04/28/2025 $12.85
Change $0.03 0.23%
Expense Ratio as of 04/28/2025 0.18%
Inception Date 06/02/2011

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 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 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 interest rate risk, income risk, credit risk, call risk, prepayment risk, extension risk, and index sampling risk. The Portfolio also has a low levels of derivatives risk.

Average Annual Returns - Updated Monthly as of 03/31/2025

Name 1 year 3 year 5 year 10 year Since Inception 06/02/2011
Name Vanguard Total Bond Market Index Portfolio 1 year 4.73% 3 year 0.39% 5 year -0.55% 10 year 1.27% Since Inception 06/02/2011 1.82%
Name Spliced Total Bond Market Index** 1 year 4.87% 3 year 0.56% 5 year -0.36% 10 year 1.49% Since Inception 06/02/2011 2.12%

** Barclays U.S. Aggregate Bond Index through December 31, 2009; Barclays U.S. Aggregate Float Adjusted Index from January 1, 2010 through September 29, 2016; 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 Vanguard Total Bond Market Index Portfolio
Year Ended 2024 Vanguard Total Bond Market Index Portfolio 1.13%
Year Ended 2023 Vanguard Total Bond Market Index Portfolio 5.56%
Year Ended 2022 Vanguard Total Bond Market Index Portfolio -13.27%
Year Ended 2021 Vanguard Total Bond Market Index Portfolio -1.82%
Year Ended 2020 Vanguard Total Bond Market Index Portfolio 7.51%

Historical Prices

04/29/2025 $12.89
04/28/2025 $12.85
04/25/2025 $12.82
04/24/2025 $12.78
04/23/2025 $12.71

Search for more historical price information

Index performance is provided as a benchmark but is not illustrative of any particular investment. You cannot invest directly 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 MOST—Missouri's 529 Education Plan, download a Program Description, Privacy Policy, and Participation Agreement or request one by calling 888-414-MOST. Investment objectives, risks, charges, expenses, and other important information are included in this document; read and consider it carefully before investing.

If you are not a Missouri 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 Missouri Education Program (the "Program Trust") is a trust created by the State of Missouri. When you invest in MOST—Missouri's 529 Education Plan (the "Plan"), you are purchasing portfolio units issued by the Program Trust. Portfolio units are municipal securities. The Plan has been implemented and is administered by the Missouri Education Program Board (the "Board"). Ascensus College Savings Recordkeeping Services, LLC, serves as the Program Manager and Recordkeeping and Servicing Agent, and together with its affiliates, has overall responsibility for the day-to-day operations of the Plan, including administrative services and marketing. The Vanguard Group, Inc., serves as Investment Manager for the Plan. The Plan's portfolios, although they invest in mutual funds, are not mutual funds.

Investment returns are not guaranteed, and you could lose money by investing in the Plan. Participants assume all investment risks, including the potential for loss of principal, as well as responsibility for any federal and state tax consequences.

Upromise and the Upromise logo are registered service marks of Upromise, Inc. The Vanguard logo is a registered trademark of The Vanguard Group, Inc. Ugift® is a registered service mark. All other trademarks are the property of their respective owners.