Vanguard Interest Accumulation Portfolio

Unit Price as of close 11/03/2025: $11.90

Investment Objective

Seeks income consistent with the preservation of principal, investing 100% of its assets in Vanguard Short-Term Reserves Account.

Investments are subject to risk and Participants should carefully read the Program Description for North Carolina's National College Savings Program for more information

Vanguard Short-Term Reserves Account's investment in Vanguard Federal Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of the Investment at $1 per share, it is possible the Vanguard Short-Term Reserves Account may lose money by investing in the Fund.

Recent Unit Price

Last 90 Days

Recent Performance as of 11/03/2025

Last Month	Last Quarter	Year to Date
0.25%	0.85%	2.42%

Avg. Annualized Performance as of 09/30/2025

1 Year	3 Year	5 Year	10 Year
3.22%	2.76%	2.14%	N/A

Portfolio Composition

100.00% Vanguard Short-Term Reserves Account

View Unit Price by Date

Unit Price as of close 11/03/2025: $11.90

Fees and Expenses

Portfolio Expenses	Administrative Fees
0.045%	0.25%

Administrative Fee (“Program Administrator Fee”) of no more than 0.25% annually.

Risk Potential

Less Risk
Less Reward

More Risk
More Reward