Deposit & Investment Options

The State Treasurer has selected the following investment options for ABLE.

Short Term Liquidity

VMFXX: Vanguard Federal Money Market Fund

NOTE: It is possible that monies invested in this fund will lose value.

Short to Intermediate Term Income

VBIRX: Vanguard Short-Term Bond Index Fund Admiral Shares - employs a "passive management" investment approach designed to track the performance of the Bloomberg U.S. 1-5 year government/credit float adjusted index by investing in government, corporate and international dollar denominated bonds that have maturities between 1 and 5 years.

NOTE: It is possible that monies invested in this fund will lose value.

VBILX: Vanguard Intermediate-Term Bond Index Fund Admiral Shares - aims to track the Bloomberg U.S. 5-10 year government/credit float adjusted index by investing in bonds represented in the Index. This Index includes U.S. government, investment-grade corporate and international dollar-denominated bonds.

NOTE: It is possible that monies invested in this fund will lose value.

Long Term Investment

VASGX: Vanguard LifeStrategy® Growth Fund
80/20 Stocks to Bonds
Vanguard Total Stock Market Index Fund Investor Shares
Vanguard Total International Stock Index Fund Investor Shares
Vanguard Total Bond Market II Index Fund Investor Shares
Vanguard Total International Bond Index Fund Investor Shares

NOTE: It is possible that monies invested in this fund will lose value.

VSMGX: Vanguard LifeStrategy® Moderate Growth Fund
60/40 Stocks to Bonds
Vanguard Total Stock Market Index Fund Investor Shares
Vanguard Total Bond Market II Index Fund Investor Shares
Vanguard Total International Stock Index Fund Investor Shares
Vanguard Total International Bond Index Fund Investor Shares

NOTE: It is possible that monies invested in this fund will lose value.

VSCGX: Vanguard LifeStrategy® Conservative Growth Fund
40/60 Stocks to Bonds
Vanguard Total Bond Market II Index Fund Investor Shares
Vanguard Total Stock Market Index Fund Investor Shares
Vanguard Total International Bond Index Fund Investor Shares
Vanguard Total International Stock Index Fund Investor Shares

NOTE: It is possible that monies invested in this fund will lose value.

VASIX: Vanguard LifeStrategy® Income Fund
20/80 Stocks to Bonds
Vanguard Total Bond Market II Index Fund Investor Shares
Vanguard Total International Bond Index Fund Investor Shares
Vanguard Total Stock Market Index Fund Investor Shares
Vanguard Total International Stock Index Fund Investor Shares

NOTE: It is possible that monies invested in this fund will lose value.

VITPX: Vanguard Institutional Total Stock Market Index Fund - seeks to track the performance of a benchmark index that measures the investment return of the overall stock market. Investment strategy: The fund employs an indexing investment approach designed to track the performance of the CRSP US Total Market Index, which represents approximately 100% of the investible U.S. Stock market and includes large-, mid-, small-, and micro-cap stocks regularly traded on the New York Stock Exchange and NASDAQ. 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 characteristics. These key characteristics include industry weightings and market capitalization, as well as certain financial measures, such as price/earnings ratio and dividend yield.

NOTE: It is possible that monies invested in this fund will lose value.

VTSNX: Vanguard International Total Stock Market Index Fund - seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in developed and emerging markets, excluding the United States. Investment strategy: The fund employs an indexing investment approach 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 approximately 7,718 stocks of companies located in 48 markets. As of October 31, 2022, the largest markets covered in the Index were Japan, the United Kingdom, Canada, China, France, and Switzerland (which made up approximately 15.4%, 10.1%, 8.1%, 7.1%, 6.5% and 6%, respectively, of the Index’s market capitalization). The Fund invests all, or substantially all, of its assets in the common stocks included in its target index.

NOTE: It is possible that monies invested in this fund will lose value.

Vanguard Funds

For performance of a given Vanguard fund, click here to visit Vanguard.com.


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