Portfolio Description: The Age-Based Growth Investment Option seeks to provide capital appreciation and some current income. This strategy is based on accepting the risks associated with stocks, which have the potential to provide high returns, and seeking to balance the effects of volatility through diversification in fixed-income funds.
Objectives: For Beneficiaries 19 years and older, this Portfolio seeks to provide current income and some growth of capital by investing 5% of its assets in diversified investments of domestic and international equity funds, 35% domestic and international fixed income funds, 5% inflation-protected funds, 35% money market funds, and 20% FDIC-insured savings account.
Strategies: The Portfolio invests according to a fixed formula that typically results in an allocation of 4% domestic equity funds, 1% international equity funds, 2% international bond funds, 33% fixed income funds, 5% inflation-protected funds, 35% money market funds, and 20% FDIC-insured savings account. The Portfolio manages cash flows to maintain the stated asset allocation.
Prices and Performance: Click here to review.
Expense Ratio: The estimated overall expense ratio for this Portfolio is:
|Underlying Estimated Fund Expenses:1
|Program Management Fee:
|State Administrative Fee:
1 As of May 31, 2018.
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