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Stable Value Portfolio

Investment Objective

The Stable Value Portfolio seeks to produce stable principal balances and a stable and predictable return while avoiding negative returns. It also seeks to protect principal, maintain liquidity for Account Owner transactions and, in most market environments, provide a higher return than a money market fund.


Investment Strategy

The Stable Value Portfolio is invested entirely in a separate investment account managed by Invesco Advisers, Inc. (Invesco). Invesco invests in investment contracts (also referred to as "wrap contracts") (the "Stable Value Fund"). The investment or wrap contracts utilized provide for minimal fluctuation in principal values but the Stable Value Fund is not guaranteed by Invesco or any other entity. Invesco may invest in a portfolio of investment or wrap contracts issued by financial institutions such as insurance companies and banks. Certain investment or wrap contracts and the Stable Value Fund itself may be backed by diversified portfolios of bonds (typically rated Investment Grade at time of purchase), including corporate bonds, mortgage–backed securities, asset–backed securities, and U.S. Government securities (collectively for the purposes of describing the Stable Value Fund, "Securities"). The Stable Value Fund’s overall duration is expected to range from 2 to 4 years, although such duration will be managed opportunistically in light of market conditions and Stable Value Fund liquidity needs.


Investment Risks

The Stable Value Portfolio is primarily subject to a moderate level of income risk and low levels of credit risk, derivatives risk and interest rate risk. 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 Stable Value 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 Jan 2000
Stable Value Portfolio 2.17% 1.87% 1.69% 3.45%
Stable Value Portfolio Benchmark 2.76% 1.88% 1.48% 2.64%

Returns are net of fees.

The Stable Value 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:

3-Month T-Bills plus 100 basis points


0% Equity
100% Fixed Income/Stable Value
% Asset class Investment manager
0 Large Cap Domestic Equity The Vanguard Group, Inc.
0 Small-Cap Domestic Equity The Vanguard Group, Inc.
0 Small-/Mid-Cap Domestic Equity Rothschild Asset Management Inc.
0 International Equity Capital Research and Management Co.
0 International Equity Templeton Institutional Funds, Inc.
0 Emerging Markets Equity Aberdeen Asset Management
0 Emerging Markets Equity DFA Investment Dimensions Group Inc.
0 Global Real Estate Morgan Stanley
0 High Yield Bonds Prudential Investment Management, Inc.
0 Emerging Markets Debt Stone Harbor Investment Partners
0 Market Fixed Income The Vanguard Group, Inc.
100 Stable Value Invesco Advisers, Inc.

Overview

Unit Price Percent
As of 1/15/2019 $ 19.02
Change $ 0.00 0.01%

Portfolio Fee as of 11/30/2018

Percent
Asset Management Fees 0.05%
Administrative Fee 0.10%
Expense Ratio 0.15%
Inception Date Jan 2000

Historical Prices

dates price
1/15/2019 $ 19.02
1/14/2019 $ 19.02
1/11/2019 $ 19.02
1/10/2019 $ 19.02
1/9/2019 $ 19.02

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 Portfolio Benchmark is a custom benchmark that provides for the comparison of Portfolio results to an appropriate strategic benchmark index for the underlying investment manager with an adjustment reflecting the Invest529 administrative fee for the Portfolio. Through December 2008, strategic benchmark used to develop the Piedmont Portfolio custom benchmark was the Ryan 1-3 Year GIC, however beginning January 2009 the strategic benchmark was changed to the Citigroup 3-month Treasury Bill plus 100 basis points annualized.
  3. Past performance is no guarantee of future performance. Please refer to the Invest529 Program Description and consult with your financial advisor before making any investment decision.