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Invest 529 Investment Options and Performance

2039 Portfolio

The 2039 Portfolio is the suggested Target Enrollment Portfolio for Beneficiaries between the ages of 4 - 6.

Current target asset allocation as of 4/1/2024: 76.40% Equity / 23.60% Fixed Income

Investment Strategy

The 2039 Portfolio’s current target asset allocation as of 4/1/2024 is 76.40% equities and 23.60% fixed income. This mix will increasingly shift towards fixed income investments as beneficiaries of the Portfolio age. Asset allocation shifts occur progressively resulting in a 100% fixed income allocation after the evolution corresponding to suggested beneficiary ages of eighteen and above. The 100% fixed income allocation will be maintained for the following two years during which the Portfolio will be closed to new investors. After this two year period, the Portfolio will shift to a 100% stable value asset allocation and remain in existence for three years, after which it will permanently close with remaining assets transferred to the Stable Value Portfolio (100% Stable Value).

Investment Portfolio Unit Value Daily Change YTD Return1 1 Month2 3 Month2 1 Year2 3 Year2 5 Year2 10 Year2 Since Inception2 Inception Date Expense Ratio
2039 Portfolio $13.86 0.72% 5.87% 3.04% 2.69% 16.64% 2.37% N/A N/A 6.89% Jan 2020 0.350%
Benchmark 2.95% 2.33% 15.11% 2.33% N/A N/A 6.20%

1. YTD Return as of 6/12/2024.
2. Total Returns as of 05/31/2024.

Average Annual Returns

Updated Monthly as of 05/31/2024

1 Year 3 Year 5 Year Since Inception Jan 2020
2039 Portfolio 16.64% 2.37% N/A 6.89%

Benchmark

The 2039 Portfolio’s Benchmark is a blended composite benchmark reflecting the asset strategic benchmark index components for each underlying investment manager, and an adjustment reflecting the administrative fee for the Portfolio:

  • 28.20% S&P 500
  • 3.20% CRSP US Small Cap Index
  • 11.60% MSCI ACWI ex US
  • 11.60% MSCI EAFE
  • 8.40% MSCI Emerging Markets Index
  • 13.40% NCREIF NFI ODCE & MSCI US Investable Market Real Estate 25/50 Index (blend)
  • 5.80% Bloomberg Barclays U.S. High Yield Ba/B 1% Issuer Cap
  • 5.80% JP Morgan Emerging Bond Market Index Global Diversified
  • 3.50% Bloomberg Barclays U.S. Aggregate Float Adjusted
  • 8.50% iMoneyNet Taxable Index

Portfolio Fees as of 5/31/2024

Fee Type Percent
Asset Management Fees 0.303%
Administrative Fee 0.047%
Expense Ratio (Asset Management + Administrative Fee) 0.350%

Historical Prices

Date Price
6/12/2024 $13.86
6/11/2024 $13.76
6/10/2024 $13.79
6/7/2024 $13.78
6/6/2024 $13.84

Investment Objective

Although the asset allocation of each Target Enrollment Portfolio is designed to correspond with the Beneficiary’s current age, Account Owners may choose to invest in a Portfolio other than the one that corresponds to the Beneficiary’s current age. No Invest529 Portfolios, however, are protected from market volatility and there is no guarantee that Invest529 Portfolios will not lose value, including principal.

Investment Risks

The 2039 Portfolio is predominantly subject to risks associated with equity investments, and to a lesser degree subject to risks associated with fixed income investments. For a complete description of the investment risks associated with this portfolio, and a complete list of information on investment options, managers, and asset classes associated with the underlying investments of the 2039 Portfolio, please see the Invest529 Program Description.

Current Target Asset Allocation

% Sub-asset Class Investment Manager
28.20 Large Cap Domestic Equity The Vanguard Group, Inc.
3.20 Small-Cap Domestic Equity The Vanguard Group, Inc.
11.60 International Equity Capital Research and Management Co.
11.60 International Equity Wellington Management Company
4.20 Emerging Markets Equity Sands Capital Management
4.20 Emerging Markets Equity DFA Investment Dimensions Group Inc.
13.40 U.S. Real Estate
Private Real Estate
The Vanguard Group, Inc.
Blackstone Property Advisors L.P.
UBS Realty Investors LLC
5.80 High Yield Bonds PGIM Fixed Income
5.80 Emerging Markets Debt Neuberger Berman Investment Advisers
3.50 Market Fixed Income The Vanguard Group, Inc.
8.50 Stable Value Invesco Advisers, Inc.

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Fees & Expenses

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Invest529 Calculators

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Notes:

  1. All investment return information is calculated by BNY Mellon Asset Servicing. Returns are presented net of management fees and Invest529 administrative fees. Returns for periods greater than one year are annualized.
  2. The 2039 Portfolio is a Target Enrollment Portfolio. Every year the Portfolio asset allocations (and corresponding comparative benchmarks) will change per the schedule and methodology outlined in the Invest529 Program Description and informational materials.
  3. Past performance is no guarantee of future results. Please refer to the Invest529 Program Description before making any investment decision.