Skip to main content

Disciplined Growth Portfolio*

Overview

Unit Price as of 07/26/2023 $12.50
Change $0.01 0.08%
Expense Ratio as of 07/26/2023 0.12%
Inception Date 09/22/2017

Investment Objective

The Portfolio seeks to provide current income and low to moderate capital appreciation.

Investment Strategy

The Portfolio invests in two Vanguard stock index funds and two Vanguard bond index funds, resulting in an allocation of 22.5% of its assets to U.S. stocks, 15% of its assets to non-U.S. stocks, 43.75% of its assets to investment-grade U.S. bonds, and 18.75% of its assets to investment-grade non-U.S. bonds. The percentages of the Portfolio's assets allocated to each Underlying Fund are:

Vanguard Total Stock Market Index Fund 22.5%
Vanguard Total International Stock Index Fund 15%
Vanguard Total Bond Market II Index Fund 43.75%
Vanguard Total International Bond Index Fund 18.75%

Through its investment in Vanguard Total Bond Market II Index Fund, the Portfolio indirectly invests in a broadly diversified collection of securities that, in the aggregate, approximates the Bloomberg Barclays U.S. Aggregate Float Adjusted Index in terms of key risk factors and other characteristics. The 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 maintains a dollar-weighted average maturity consistent with that of the Index, which generally ranges between 5 and 10 years.

Through its investment in Vanguard Total International Bond Index Fund, the Portfolio indirectly invests in government, government agency, corporate, and securitized non-U.S. investment-grade fixed income investments, all issued in currencies other than the U.S. dollar and with maturities of more than one year. To minimize the currency risk associated with investments in bonds denominated in currencies other than the U.S. dollar, the Fund will attempt to hedge its currency exposures.

Through its investment in Vanguard Total Stock Market Index Fund, the Portfolio indirectly invests in primarily large-capitalization U.S. stocks and, to a lesser extent, mid-, small-, and micro-capitalization U.S. stocks. The Fund's target index represents approximately 100% of the investable U.S. stock market.

Through its investment in Vanguard Total International Stock Index Fund, the Portfolio indirectly invests in international stocks. The fund is designed to track the performance of the FTSE Global All Cap ex US Index, a float-adjusted market-capitalization-weighted index designed to measure equity market performance of companies located in developed and emerging markets, excluding the United States. The Index includes more than 5,800 stocks of companies located in over 45 countries.

Investment Risks

Because it invests mainly in bond fund holdings, the Portfolio primarily is subject to low to moderate levels of interest rate risk, income risk, call risk, prepayment risk, and extension risk. The Portfolio also has low to moderate levels of credit risk, index sampling risk, currency hedging risk, nondiversification risk, liquidity risk, stock market risk, investment style risk, currency risk, emerging markets risk, country/regional risk, and derivatives risk.

Average Annual Returns - Updated Monthly as of 06/30/2023

Name 1 year 3 year 5 year 10 year Since Inception 09/22/2017
Name Disciplined Growth Portfolio* 1 year 5.74% 3 year 1.91% 5 year 3.80% 10 year — Since Inception 09/22/2017 3.73%
Name Disciplined Growth Composite Index** 1 year 5.98% 3 year 2.04% 5 year 4.08% 10 year — Since Inception 09/22/2017 3.99%

**Consists of 45% FTSE Three-Month U.S. Treasury Bill Index, 5% Ryan Labs 3 Year GIC Index, 23% Bloomberg Barclays U.S. Aggregate Float Adjusted Index, 12% Bloomberg Barclays U.S. 0-5 Year Treasury Inflation Protected Securities Index, and 15% Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index Hedged. 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.

Annual Investment Returns

Year Ended Disciplined Growth Portfolio*
Year Ended 2022 Disciplined Growth Portfolio* -14.54%
Year Ended 2021 Disciplined Growth Portfolio* 5.53%
Year Ended 2020 Disciplined Growth Portfolio* 11.07%
Year Ended 2019 Disciplined Growth Portfolio* 15.48%
Year Ended 2018 Disciplined Growth Portfolio* -2.44%

Historical Prices

Search for more historical price information

* Not available as an Individual Portfolio.

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.