Investment Options and Performance
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Global Equity Portfolio
Investment Strategy
The Global Equity Portfolio maintains a target asset allocation of 100% equity. This target asset allocation is comprised of the following sub-asset classes and Funds:
- 50% Large–Cap Domestic Equity, managed by The Vanguard Group, Inc.
- 20% International Equity, managed by Capital Research and Management Co.
- 20% International Equity managed by Wellington Management Company
- 10% Small-Cap Global Equity, managed by Capital Research and Management Co.
A full description of each underlying Fund’s investment strategy can be found in the Actively Managed Static Portfolios section of the Invest529 Program Description.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Global Equity | $19.48 | 0.86% | 15.23% | 2.22% | 5.45% | 21.25% | 4.61% | 12.19% | N/A | 11.69% | Feb 2019 | 0.356% |
| Benchmark | 2.37% | 6.14% | 22.31% | 5.09% | 11.63% | N/A | 11.18% |
1. YTD Return as of 10/4/2024.
2. Total Returns as of 08/31/2024.
How to Interpret the Charts
The performance charts display historical performance for Invest529 portfolios. Two values are represented on each chart.
The first value is the daily Unit Price and is represented by the blue line on the chart. The second value is the percent change of the Unit Price based on a selected timeframe and is represented by the purple line. A date selector can be found underneath the chart that allows for custom date ranges to be chosen. These charts also feature the ability to zoom into pre-determined time periods (Note: Selecting a zoom period will not change the previously selected date range).
Key Terms:
Benchmark
An unmanaged group of securities whose overall performance is used as a standard to measure investment performance.
Net Asset Value (NAV)
The market value of a mutual fund's total assets, minus liabilities, divided by the number of shares outstanding. The value of a single share is called its share value or share price.
To view the full definitions, please see the official Invest529 Program Description.
Average Annual Returns
Updated Monthly as of 08/31/2024
| 1 Year | 3 Year | 5 Year | Since Inception Feb 2019 | |
|---|---|---|---|---|
| Global Equity Portfolio | 21.25% | 4.61% | 12.19% | 11.69% |
Benchmark
The Global Equity Portfolio’s Benchmark is a custom benchmark reflecting the asset strategic benchmark index component for the underlying investment, and an adjustment reflecting the administrative fee for the Portfolio:
- 50.00% CRSP US Total Market
- 20.00% MSCI ACWI ex US
- 20.00% MSCI EAFE
- 10.00% MSCI All Country World Small Cap Index
Portfolio Fees as of 8/31/2024
| Fee Type | Percent |
|---|---|
| Asset Management Fees | 0.310% |
| Administrative Fee | 0.046% |
| Expense Ratio (Asset Management + Administrative Fee) | 0.356% |
Historical Prices
| Date | Price |
|---|---|
| 10/4/2024 | $19.48 |
| 10/3/2024 | $19.31 |
| 10/2/2024 | $19.41 |
| 10/1/2024 | $19.42 |
| 9/30/2024 | $19.59 |
Investment Objective
The Global Equity Portfolio seeks maintain a fixed asset allocation of 100% equity, which will include U.S. and Non U.S. equity.
Investment Risks
A complete description of the risks associated with the underlying Funds of Global Equity Portfolio can be found in the Actively Managed Static Portfolios section of the Invest529 Program Description
Current Target Asset Allocation
| % | Sub-asset Class | Investment Manager |
|---|---|---|
| 50.00 | Domestic Equity | The Vanguard Group, Inc. |
| 20.00 | International Equity | Capital Research and Management Co. |
| 20.00 | International Equity | Wellington Management Company |
| 10.00 | Small-Cap Global Equity | Capital Research and Management Co. |
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Notes:
- 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.
- Past performance is no guarantee of future results. Please refer to the Invest529 Program Description before making any investment decision.