Stable Value Portfolio
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.
|Market values as of 7/1/2022||Total Returns as of 05/31/2022|
|Investment Portfolio||Unit Value||Daily Change||YTD Return as of 7/1/2022||1 Month||3 Month||1 Year||3 Year||5 Year||10 Year||Since Inception||Inception Date||Expense Ratio|
|Stable Value||Market values as of 7/1/2022||$20.31||0.02%||0.75%||Total Returns as of 05/31/2022||0.13%||0.37%||1.40%||1.87%||1.97%||1.73%||3.21%||General Information||Jan 2000||0.094%|
|Stable Value Portfolio Benchmark||0.13%||0.33%||1.05%||1.57%||2.00%||1.48%||2.51%|
Average Annual Returns
Updated Monthly as of 05/31/2022
|1 Year||3 Year||5 Year||Since Inception Jan 2000|
|Stable Value Portfolio||1.40%||1.87%||1.97%||3.21%|
|Stable Value Portfolio Benchmark||1.05%||1.57%||2.00%||2.51%|
Returns are net of fees.
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:
- 3-Month T-Bills plus 100 basis points
Portfolio Fees as of 5/31/2022
|Asset Management Fees||0.044%|
|Expense Ratio (Asset Management + Administrative Fee)||0.094%|
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.
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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- 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.
- 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.
- 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.