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.
The 2027 Portfolio’s current target asset allocation as of 1/1/2019 is 46.7% stocks and 53.3% 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).
The 2027 Portfolio is subject to risks associated with equity and 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 2027 Portfolio, please see the Invest529 Program Description (PDF).
Average Annual Returns
Updated Monthly as of 12/31/2018
|1 Year||3 Year||5 Year||Since Inception Feb 2008|
|2027 Portfolio Benchmark||-4.23%||5.43%||3.93%||4.37%|
Returns are net of fees.
The 2027 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:
13.40% S&P 500 / 3.30% Russell 2500/ 3.30% CRSP US Small Cap Index / 13.30% MSCI ACWI ex US / 6.70% MSCI Emerging Markets / 6.70% NCREIF NFI ODCE & MSCI REIT (blend) / 5.00% Bloomberg Barclays U.S. High Yield Ba/B 1% Issuer Cap / 10.00% JP Morgan Emerging Bond Market Index Global Diversified / 15.80% Bloomberg Barclays Capital Aggregate Bonds / 22.50% T-Bills + 100 basis points annualized
|%||Asset class||Investment manager|
|13.40||Large Cap Domestic Equity||The Vanguard Group, Inc.|
|3.30||Small-Cap Domestic Equity||The Vanguard Group, Inc.|
|3.30||Small-/Mid-Cap Domestic Equity||Rothschild Asset Management Inc.|
|6.65||International Equity||Capital Research and Management Co.|
|6.65||International Equity||Templeton Institutional Funds, Inc.|
|3.35||Emerging Markets Equity||Aberdeen Asset Management|
|3.35||Emerging Markets Equity||DFA Investment Dimensions Group Inc.|
|6.70||US REIT / Private Real Estate||Morgan Stanley|
|5.00||High Yield Bonds||Prudential Investment Management, Inc.|
|10.00||Emerging Markets Debt||Stone Harbor Investment Partners|
|15.80||Market Fixed Income||The Vanguard Group, Inc.|
|22.50||Stable Value||Invesco Advisers, Inc.|
|As of 1/15/2019||$ 16.19|
Portfolio Fee as of 11/30/2018
|Asset Management Fees||0.33%|
|Inception Date||Feb 2008|