Objectives: The Balanced Static Investment Option seeks to provide a balance of growth of capital and current income by investing 51.5% of its assets in diversified investments of domestic and international equity funds, 3.5% real estate funds, 36.5% domestic and international fixed income funds, 5.5% money market funds and 3% FDIC-insured savings account.
Strategies: The Investment Option invests in funds according to a fixed formula that typically results in an allocation of 39% domestic equity funds, 3.5% real estate funds, 12.5% international equity funds, 3.5% international bond funds, and 33% fixed income funds, 5.5% money market funds and 3% in an FDIC-insured savings account. The Investment Option manages cash flows to maintain the stated asset allocation. The stock holdings in the underlying investments consist primarily of large-cap U.S. stocks and to a lesser extent, mid- and small cap U.S. stocks and foreign stocks.
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Expense Ratio: The estimated overall expense ratio for this Portfolio is:
|Underlying Estimated Fund Expenses:1
|Program Management Fee:
|State Administrative Fee:
1As of May 31, 2018.
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