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Investment Strategy

The Active Conservative Portfolio maintains a target asset allocation of 25% equity, 75% fixed income. This target asset allocation is comprised of the following sub-asset classes and Funds:

  • 7.5% Allocation Large-Cap Domestic Equity, managed by The Vanguard Group, Inc.
  • 1.25% Small–Cap Domestic Equity, managed by The Vanguard Group, Inc.
  • 1.25% Small–/Mid–Cap Domestic Equity, managed by Rothschild Asset Management Inc.
  • 3.75% International Equity, managed by Capital Research and Management Co.
  • 3.75% International Equity managed by Templeton Institutional Funds, Inc.
  • 1.25% Emerging Markets Equity, managed by Aberdeen Asset Management Inc.
  • 1.25% Emerging Markets Equity, managed by DFA Investment Dimensions Group Inc.
  • 5% Private Real Estate/U.S. Real Estate, managed by UBS Realty Advisors LLC, Blackstone Property Advisors L.P., and The Vanguard Group, Inc.
  • 5% High Yield Bonds, managed by PGIM Fixed Income
  • 10% Emerging Markets Debt, managed by Stone Harbor Investment Partners
  • 20% Market Fixed Income, managed by The Vanguard Group, Inc.
  • 40% Stable Value, managed by Invesco Advisers, Inc.

The majority of the underlying allocations of the Active Conservative Portfolio employ an Active Management strategy. A full description of each underlying Fund’s investment strategy can be found in the Age–Based Portfolios section of the Invest529 Program Description.

  Market values as of 9/12/2019   Total Returns as of 08/31/2019    
Investment Portfolio Unit Value Daily Change YTD Return as of 9/12/2019 1 Month 3 Month 1 Year 3 Year 5 Year 10 Year Since Inception Inception Date Expense Ratio
Active Conservative Market values as of 9/12/2019 $12.06 0.06% 7.52% Total Returns as of 08/31/2019 0.04% 2.32% 4.30% 4.05% N/A N/A 4.89% General Information Oct 2015 0.32%
Active Conservative Portfolio Benchmark   0.28% 2.86% 5.53% 4.52% N/A N/A 5.20%    

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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 08/31/2019
1 Year 3 Year 5 Year Since Inception Oct 2015
Active Conservative Portfolio 4.30% 4.05% N/A 4.89%
Active Conservative Portfolio Benchmark 5.53% 4.52% N/A 5.20%

Returns are net of fees.

Benchmark

The Active Conservative 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 08/31/2019

Fee Type Percent
Asset Management Fees 0.22%
Administrative Fee 0.10%
Expense Ratio (Asset Management + Administrative Fee) 0.32%

Historical Prices

Date Price
9/12/2019 $12.06
9/11/2019 $12.06
9/10/2019 $12.04
9/9/2019 $12.06
9/6/2019 $12.06

Overview

Unit Price Percent
As of 9/12/2019 $12.06
Change $0.00 0.06%

Investment Objective

The investment objective of the Active Conservative Portfolio is to maintain a fixed target asset allocation identical to the initial target allocation of the current 25% equity / 75% fixed–income Age–Based portfolio. This asset allocation will remain fixed and will not evolve with the Age–Based portfolios.

Investment Risks

A complete description of each of the risks associated with the underlying Funds of the Active Conservative Portfolio can be found in the Age–Based Portfolios section of the Invest529 Program Description. Information on obtaining prospectuses for the respective Funds is also contained in this section.

Current Target Asset Allocation

% Sub-asset Class Investment Manager
7.50 Large Cap Domestic Equity The Vanguard Group, Inc.
1.25 Small-Cap Domestic Equity The Vanguard Group, Inc.
1.25 Small-/Mid-Cap Domestic Equity Rothschild Asset Management Inc.
3.75 International Equity Capital Research and Management Co.
3.75 International Equity Templeton Institutional Funds, Inc.
1.25 Emerging Markets Equity Aberdeen Asset Management
1.25 Emerging Markets Equity DFA Investment Dimensions Group Inc.
5.00 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.
40.00 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. Past performance is no guarantee of future results. Please refer to the Invest529 Program Description before making any investment decision.