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Invest 529 Investment Options and Performance

Stable Value Portfolio

Investment Strategy

The Stable Value Portfolio is invested entirely in a separate investment account managed by Invesco Advisers, Inc. (Invesco). Invesco invests in investment contracts (also referred to as "wrap contracts") (the "Stable Value Fund"). The investment or wrap contracts utilized provide for minimal fluctuation in principal values but the Stable Value Fund is not guaranteed by Invesco or any other entity. Invesco may invest in a portfolio of investment or wrap contracts issued by financial institutions such as insurance companies and banks. Certain investment or wrap contracts and the Stable Value Fund itself may be backed by diversified portfolios of bonds (typically rated Investment Grade at time of purchase), including corporate bonds, mortgage–backed securities, asset–backed securities, and U.S. Government securities (collectively for the purposes of describing the Stable Value Fund, "Securities"). The Stable Value Fund’s overall duration is expected to range from 2 to 4 years, although such duration will be managed opportunistically in light of market conditions and Stable Value Fund liquidity needs.

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
Stable Value $21.40 0.01% 1.61% 0.25% 0.77% 2.97% 2.20% 2.14% 1.97% 3.16% Jan 2000 0.087%
Benchmark 0.41% 1.24% 5.08% 2.83% 1.89% 1.48% 2.36%

1. YTD Return as of 7/11/2024.
2. Total Returns as of 06/30/2024.

Average Annual Returns

Updated Monthly as of 06/30/2024

1 Year 3 Year 5 Year Since Inception Jan 2000
Stable Value Portfolio 2.97% 2.20% 2.14% 3.16%

Benchmark

The Stable Value 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:

  • iMoneyNet Taxable Index

Portfolio Fees as of 6/30/2024

Fee Type Percent
Asset Management Fees 0.041%
Administrative Fee 0.046%
Expense Ratio (Asset Management + Administrative Fee) 0.087%

Historical Prices

Date Price
7/11/2024 $21.40
7/10/2024 $21.40
7/9/2024 $21.40
7/8/2024 $21.40
7/5/2024 $21.39

Investment Objective

The Stable Value Portfolio seeks to produce stable principal balances and a stable and predictable return while avoiding negative returns. It also seeks to protect principal, maintain liquidity for Account Owner transactions and, in most market environments, provide a higher return than a money market fund.

Investment Risks

The Stable Value Portfolio is primarily subject to a moderate level of income risk and low levels of credit risk, derivatives risk and interest rate risk. 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 Stable Value Portfolio, please see the Invest529 Program Description(PDF).

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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 Portfolio Benchmark is a custom benchmark that provides for the comparison of Portfolio results to an appropriate strategic benchmark index for the underlying investment manager with an adjustment reflecting the Invest529 administrative fee for the Portfolio. Through December 2008, strategic benchmark used to develop the Stable Value Portfolio custom benchmark was the Ryan 1-3 Year GIC, however beginning January 2009 the strategic benchmark was changed to the Citigroup 3-month Treasury Bill plus 100 basis points annualized.
  3. Past performance is no guarantee of future performance. Please refer to the Invest529 Program Description and consult with your financial advisor before making any investment decision.