Age-Based Growth (19 years and older)

  Domestic Equity - 4.0%
  4.0%  State Street S&P 500® Index (N/A)
  International Equity - 1.0%
  1.0%  State Street MSCI® ACWI ex USA Index (N/A)
  International Bond - 2.0%
  2.0%  DFA World ex-US Government Fixed Income (DWFIX)
  Fixed Income - 41.0%
  18.0%  Federated Total Return Bond (FTRBX)
  18.0%  Vanguard Short-Term Bond ETF (BSV)
  5.0%  Vanguard Short-Term Inflation-Protected ETF (VTIP)
  Cash Equivalents - 55.0%
  20.0%  Bank Savings (N/A)
  35.0%  Goldman Sachs Financial SquareSM Government Money Market1 (FGTXX)

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 securities.

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, 35% money market funds, 5% inflation-protected 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, 20% FDIC-insured savings account, and 35% 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:

CLASS A
Underlying Estimated Fund Expenses:1 0.14%
Program Management Fee: 0.25%
State Administrative Fee: 0.02%
Marketing and Distribution Fee: 0.25%
TOTAL: 0.66%
 
CLASS C
Underlying Estimated Fund Expenses:1 0.14%
Program Management Fee: 0.25%
State Administrative Fee: 0.02%
Marketing and Distribution Fee: 1.00%
TOTAL: 1.41%

 

1 As of May 31, 2018.

Historical prices: Search for historical price information