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Investment Strategy

The Portfolio invests 100% of its assets into interest bearing deposit accounts at a bank. Specifically the Portfolio invests in an omnibus deposit and certificate of deposit accounts at Union Bank & Trust. Deposits made into the omnibus accounts on behalf of investors are pooled in these accounts where they are commingled with deposits of other investors in the Portfolio. The accounts earn competitive rates with interest compounded and paid daily into the accounts. The interest rate will be reviewed by the bank periodically and is subject to change at any time with exception of the certificate of deposit accounts where the rate is specified for the associated term.

  Market values as of 7/17/2019   Total Returns as of 06/30/2019    
Investment Portfolio Unit Value Daily Change YTD Return as of 7/17/2019 1 Month 3 Month 1 Year 3 Year 5 Year 10 Year Since Inception Inception Date Expense Ratio
FDIC–Insured Market values as of 7/17/2019 $10.29 0.01% 1.20% Total Returns as of 06/30/2019 0.20% 0.60% 1.87% N/A N/A N/A 1.08% General Information Jan 2017 0.10%
FDIC–Insured Portfolio Benchmark   0.17% 0.51% 1.73% N/A N/A N/A 1.03%    

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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 06/30/2019
1 Year 3 Year 5 Year Since Inception Jan 2017
FDIC–Insured Portfolio 1.87% N/A N/A 1.08%
FDIC–Insured Portfolio Benchmark 1.73% N/A N/A 1.03%

Returns are net of fees.

Benchmark

The FDIC–Insured 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:

As a new Invest529 offering the FDIC–Insured Portfolio does not have an established performance history. The underlying omnibus bank accounts effective interest rate is 2.60% as of 4/30/2019 (2.67% annual percentage yield). This rate is variable and subject to change at any time. There is no minimum balance required to obtain this rate. Interest earnings realized by participants will be reduced by the VA529 Administrative Fee.


Portfolio Fees as of 06/30/2019

Fee Type Percent
Asset Management Fees 0.00%
Administrative Fee 0.10%
Expense Ratio (Asset Management + Administrative Fee) 0.10%

Historical Prices

Date Price
7/17/2019 $10.29
7/16/2019 $10.28
7/15/2019 $10.28
7/12/2019 $10.28
7/11/2019 $10.28

Overview

Unit Price Percent
As of 7/17/2019 $10.29
Change $0.01 0.01%

Investment Objective

The Portfolio seeks income consistent with the preservation of principal.

Investment Risks

The portfolio invests 100% of its assets in interest bearing omnibus deposit accounts at Union Bank & Trust. The rate of interest applicable to this account will be reviewed periodically and is subject to change at any time with exception of the certificate of deposit accounts where the rate is specified for the associated term.

Investments in the Portfolio may not be insured by the FDIC to the full value of the investment. Although deposits in the omnibus account in which the Portfolio invests are insured by the FDIC on a ‘pass–through’ basis to each account owner up to $250,000, the amount of the FDIC insurance applicable to any account owner may be less than $250,000 if the account owner has other eligible FDIC insured accounts. In addition, the amount of FDIC insurance applicable to an account owner is subject to applicable law and the rules and regulations of the FDIC which change from time to time.

Investments in the Portfolio may not be insured by the FDIC if the FDIC determines certain requirements have not been met. VA529 and Union Bank & Trust must meet certain requirements in order for FDIC insurance to ‘pass–through’ to individual account owners invested in the Portfolio. If VA529 and Union Bank & Trust do not meet those requirements, deposits in the omnibus account may not be insured by the FDIC.


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 Fund Benchmark is a custom benchmark that provides for the comparison of Fund performance results to an appropriate strategic benchmark index with an adjustment reflecting the Invest529 administrative fee for the Fund.
  3. Past performance is no guarantee of future results. Please refer to the Invest529 Program Description before making any investment decision.