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Active Moderate Portfolio

Investment Objective

The investment objective of the Active Moderate Portfolio is to maintain a fixed target asset allocation identical to the initial target allocation of the current 50% equity/ 50% fixed–income Age–Based portfolio. This asset allocation will remain fixed and will not evolve with the Age–Based portfolios.


Investment Strategy

The Active Moderate Portfolio maintains a target asset allocation of 50% equity, 50% fixed income. This target asset allocation is comprised of the following Asset Classes and Funds: 13.75% allocation large–cap domestic equity, managed by The Vanguard Group, Inc.; 3.75% small–cap domestic equity, managed by The Vanguard Group, Inc.; 3.75% small–/mid–cap domestic equity, managed by Rothschild Asset Management Inc.; 6.875% international equity, managed by Capital Research and Management Co.; 6.875% international equity managed by Templeton Institutional Funds, Inc.; 3.75% emerging markets equity, managed by Aberdeen Asset Management Inc.; 3.75% emerging markets equity, managed by DFA Investment Dimensions Group Inc.; 7.5% private real estate/U.S. REIT, 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; 15% Market Fixed Income, managed by The Vanguard Group, Inc.; and 20% Stable Value, managed by Invesco Advisers, Inc. The majority of the underlying allocations of the Active Moderate 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 Descriptionn.


Investment Risks

A complete description of each of the risks associated with the underlying Funds of the Active Moderate 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.


Average Annual Returns

Updated Monthly as of 12/31/2018
1 Year 3 Year 5 Year Since Inception Oct 2015
Active Moderate -4.90% 4.97% N/A 5.17%
Active Moderate Benchmark -4.23% 5.09% N/A 5.40%

Returns are net of fees.

The Active Moderate 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:

13.75% S&P 500 / 3.75% Russell 2500/ 3.75% CRSP US Small Cap Index/ 13.75% MSCI ACWI ex US / 7.5% MSCI Emerging Markets / 7.5% NCREIF NFI ODCE & MSCI REIT (blend) / 5% Bloomberg Barclays U.S. High Yield Ba/B 1% Issuer Cap / 10% JP Morgan Emerging Bond Market Index Global Diversified / 15% Bloomberg Barclays U.S. Aggregate Float Adjusted / 20% T-Bills + 100 basis points


50% Equity
50% Fixed Income
% Asset class Investment manager
13.75 Large Cap Domestic Equity The Vanguard Group, Inc.
3.75 Small-Cap Domestic Equity The Vanguard Group, Inc.
3.75 Small-/Mid-Cap Domestic Equity Rothschild Asset Management Inc.
6.875 International Equity Capital Research and Management Co.
6.875 International Equity Templeton Institutional Funds, Inc.
3.75 Emerging Markets Equity Aberdeen Asset Management
3.75 Emerging Markets Equity DFA Investment Dimensions Group Inc.
7.5 U.S. REIT
Private Real Estate
Private Real Estate
The Vanguard Group, Inc.
Blackstone Property Advisors L.P.
UBS Realty Investors LLC
5 High Yield Bonds PGIM Fixed Income
10 Emerging Markets Debt Stone Harbor Investment Partners
15 Market Fixed Income The Vanguard Group, Inc.
20 Stable Value Invesco Advisers, Inc.

Overview

Unit Price Percent
As of 1/15/2019 $ 11.96
Change $ 0.05 0.44%

Portfolio Fee as of 11/30/2018

Percent
Asset Management Fees 0.33%
Administrative Fee 0.10%
Expense Ratio 0.43%
Inception Date Oct 2015

Historical Prices

dates price
1/15/2019 $ 11.96
1/14/2019 $ 11.91
1/11/2019 $ 11.94
1/10/2019 $ 11.94
1/9/2019 $ 11.92

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.