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Investment Strategy

The 2021 Portfolio’s current target asset allocation as of 1/1/2019 is 16.7% equities and 83.3% 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).

  Market values as of 3/21/2019   Total Returns as of 02/28/2019    
Investment Portfolio Unit Value Daily Change YTD Return as of 3/21/2019 1 Month 3 Month 1 Year 3 Year 5 Year 10 Year Since Inception Inception Date Expense Ratio
2021 Portfolio Market values as of 3/21/2019 $24.70 0.16% 3.81% Total Returns as of 02/28/2019 0.62% 1.83% 1.24% 6.02% 3.76% 9.27% 5.41% General Information Jan 2002 0.29%
2021 Portfolio Benchmark   0.78% 2.77% 2.75% 6.42% 3.95% 8.69% 5.07%    

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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 NAV (net asset value) and is represented by the blue line on the chart. The second value is the percent change of the NAV 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.

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.

Average Annual Returns

Updated Monthly as of 02/28/2019
1 Year 3 Year 5 Year Since Inception Jan 2002
2021 Portfolio 1.24% 6.02% 3.76% 5.41%
2021 Portfolio Benchmark 2.75% 6.42% 3.95% 5.07%

Returns are net of fees.

Benchmark

The 2021 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:


Portfolio Fees as of 02/28/2019

Fee Type Percent
Asset Management Fees 0.19%
Administrative Fee 0.10%
Expense Ratio (Asset Management + Administrative Fee) 0.29%

Historical Prices

Date Price
3/21/2019 $24.70
3/20/2019 $24.66
3/19/2019 $24.65
3/18/2019 $24.64
3/15/2019 $24.61

Overview

Unit Price Percent
As of 3/21/2019 $24.70
Change $0.04 0.16%

Investment Objective

Although the asset allocation of each Age–Based 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 2021 Portfolio is predominantly subject to risks associated with fixed income investments, and to a lesser degree subject to risks associated with equity 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 2021 Portfolio, please see the Invest529 Program Description.

Current Target Asset Allocation

% Sub-asset Class Investment Manager
5.00 Large Cap Domestic Equity The Vanguard Group, Inc.
0.90 Small-Cap Domestic Equity The Vanguard Group, Inc.
0.80 Small-/Mid-Cap Domestic Equity Rothschild Asset Management Inc.
2.50 International Equity Capital Research and Management Co.
2.50 International Equity Templeton Institutional Funds, Inc.
0.85 Emerging Markets Equity Aberdeen Asset Management
0.85 Emerging Markets Equity DFA Investment Dimensions Group Inc.
3.30 U.S. Real Estate
Private Real Estate
The Vanguard Group, Inc.
Blackstone Property Advisors L.P.
UBS Realty Investors LLC
5.00 High Yield Bonds PGIM Fixed Income
10.00 Emerging Markets Debt Stone Harbor Investment Partners
20.00 Market Fixed Income The Vanguard Group, Inc.
48.30 Stable Value Invesco Advisers, Inc.

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 2021 Portfolio is an Age–Based Portfolio. Every three years 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.