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 17 to 18 years old, this Portfolio seeks to provide current income and some growth of capital by investing 14% of its assets in diversified investments of domestic and international equity funds, 1% real estate funds, 43% domestic and international fixed income funds, 9% inflation-protected funds, 18% money market funds, and 15% FDIC-insured savings account.
Strategies: The Portfolio invests according to a fixed formula that typically results in an allocation of 11% domestic equity funds, 1% real estate funds, 3% international equity funds, 3% international bond funds, 40% fixed income funds, 9% inflation-protected funds, 18% money market funds, and 15% 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 December 31, 2019.
Historical prices: Search for historical price information