DC College Savings 2040 Portfolio

Overview

Investment Objective

The Portfolios seek to achieve one or more of the following objectives: capital appreciation, income, and preservation of capital. The portfolio objective will change as the portfolio moves toward its target date. The target date is the year which corresponds to the potential college enrollment year of the Beneficiary. The objectives of the Portfolios become more focused on preservation of capital and income and less upon capital appreciation as they approach their applicable target date.

Investment Strategy

The Portfolios allocate their assets to Underlying Investments consisting of ETFs, mutual funds, and funding agreements seeking to provide diversification and exposure to broad asset classes, including domestic US stocks, international stocks, fixed income and capital preservation. The Underlying Investments represent different investment objectives and strategies. The allocation to broad asset classes and weights in the Underlying Investments are expected to change over time. Overall equity allocations will decrease or stay static as the target date approaches, ultimately— reducing exposure to riskier assets until the Beneficiary enrolls in college. The asset class allocations and investment in Underlying Investments may periodically be rebalanced or modified.

The percentages of the Portfolio's assets allocated to each Underlying Fund are:

Vanguard Total Stock Market Index Instl Plus (VSMPX) 54.00%
Schwab US REIT ETF (SCHH) 4.50%
iShares MSCI EAFE Instl Index K (BTMKX) 22.50%
Vanguard Emerging Markets Index I (VEMIX) 9.00%
Vanguard Total Bond Market II Index (VTBNX) 2.16%
Vanguard Short-Term Bond Index I (VBITX) 2.16%
Vanguard Short-Term Inflation Protected Securities (VTSPX) 1.40%
Vanguard High-Yield Admiral (VWEAX) 1.90%
iShares Core International Aggregate Bond ETF (IAGG) 1.88%
Ameritas Principal Protected Portfolio 0.50%

Investment Risks

It is possible to lose money by investing in these Portfolios. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in these Portfolios is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds, Schwab funds and Ameritas, see Explanations of Investment Risk Factors, Appendix A.

Average Annual Returns - Updated Monthly as of 03/31/2026

Annual Investment Returns

*** Since inception on 11/19/2021

Historical Prices

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