Portfolio Description: The Age-Based Index Investment Option seeks to provide a balance of capital appreciation and current income through the use of index-based investments. 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 securities.
Objectives: For Beneficiaries 17 to 18 years old, this Portfolio seeks to provide preservation of principal by investing 100% in money market funds. No funds are invested in stock investments.
Strategies: The Portfolio invests according to a fixed formula that typically results in an allocation of 100% money market funds. 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:2
|Program Management Fee:
|State Administrative Fee:
1 You could lose money by investing in this Investment Option. Although the money market fund in which your investment option invests (the underlying fund) seeks to preserve the value at $1.00 per share, it cannot guarantee it will do so. An investment in this Investment Option is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The sponsor has no legal obligation to provide financial support to the underlying fund, and you should not expect that the sponsor will provide financial support to the underlying fund at any time.
2 As of May 31, 2018.
Historical prices: Search for historical price information