Overview |
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Investment Objective
The Enrollment Portfolios seek to achieve capital appreciation, income, and preservation of capital as appropriate for proximity to its applicable target date. The target date, included in the name of the option, is the year which corresponds to the potential enrollment year of the Beneficiary. The objective of this option becomes more focused on capital preservation and income as it approaches its target date.
Investment Strategy
The option allocates its assets to underlying funds consisting of Mutual Funds, ETFs and a cash equivalent component. The cash equivalent component consists of a Stable Value fund managed by Vanguard. The options seek to provide a diversified allocation to broad asset classes, including domestic and international stocks and bonds, real estate, and capital preservation. The underlying funds represent different investment objectives and strategies. The allocations to the asset classes and the underlying funds are expected to change, reducing exposure to stocks and increasing exposure to fixed income and cash equivalents, until the Beneficiaries' enrollment year. The underlying funds in this option will rebalance on an ongoing basis if they drift from their target allocations. The options will de-risk the asset class allocations on a semi-annual basis, until reaching the College Portfolio, which will retain a static allocation unless otherwise indicated.
Investment Risks
An investment in the portfolio could lose money over short or long periods of time. The Fund is subject to the following risks, which could affect the Fund's performance:
Asset Concentration Risk (V), Call Risk (V), Concentration Risk (S), Country/Regional Risk (V), Credit Risk (S)(V), Currency Risk and Currency Hedging Risk (V), Derivatives Risk (S)(V), Equity Risk (S), Equity Securities Risk (B), Extension Risk (V), Foreign Securities Risk (B), Income Risk (V), Index Fund Risk (B), Index-Related Risk (B), Index Sampling Risk (V), Industry Concentration Risk (V), Inflation-Protected Security Risk (S), Interest Rate Risk (S)(V), Investment Style Risk (S)(V), Large-Cap Company Risk (S),Liquidity Risk (S)(V), Manager Risk (V), Market Capitalization Risk (S), Market Risk (S), Market Risk and Selection Risk (B), Money Market Fund Risk (S), Non-Diversification Risk (V), Passive Investment Risk (B), Pre-Payment Risk (V), Sampling Index Tracking Risk (S), Securities Lending Risk (S), Stock Market Risk (V), Tracking Error Risk (S)
B=BlackRock, S = Schwab, and V= Vanguard
Average Annual Returns - Updated Monthly as of
| Name | 1 year | 3 year | 5 year | 10 year | Since Inception |
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Annual Investment Returns
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Since Inception returns for less than one year are not annualized.
The performance data shown represents past performance. Past performance - especially short-term past performance - is not a guarantee of future results. Investment returns and principal value will fluctuate, so investors' units, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited.
