Investment Options

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Age-based Portfolios

Your account is placed in one of six portfolios based on the beneficiary's age. The Age-based portfolios automatically adjust over time, becoming more conservative as the beneficiary ages.          

Portfolio Allocation Portfolio Objective

0–6 Years Portfolio-Seeks long-term growth by investing primarily in equity investments. A percentage of assets are invested in fixed income investments to provide some protection from equity volatility.

0–6 Years Portfolio

Seeks long-term growth by investing primarily in equity investments. A percentage of assets are invested in fixed income investments to provide some protection from equity volatility.

7–9 Years Portfolio-Seeks growth by investing in an allocation weighted toward equity investments versus fixed income investments.

7–9 Years Portfolio

Seeks growth by investing in an allocation weighted toward equity investments versus fixed income investments.

10–11 Years Portfolio-Seeks moderate growth by investing in a balanced asset allocation slightly weighted toward equity investments over fixed income investments.

10–11 Years Portfolio

Seeks moderate growth by investing in a balanced asset allocation slightly weighted toward equity investments over fixed income investments.

12–14 Years Portfolio-Seeks moderate growth by investing in a balanced asset allocation weighted equally between equity investments and fixed income investments.

12–14 Years Portfolio

Seeks moderate growth by investing in a balanced asset allocation weighted equally between equity investments and fixed income investments.

15–17 Years Portfolio-Seeks conservative growth by investing in a combination of fixed income investments and money market investments weighted toward fixed income.

15–17 Years Portfolio

Seeks conservative growth by investing in a combination of fixed income investments and money market investments weighted toward fixed income.

18 Years and over Portfolio-Seeks preservation of capital and income with minimal growth by investing primarily in fixed income investments and money market investments to maintain stability.

18 Years and over Portfolio

Seeks preservation of capital and income with minimal growth by investing primarily in fixed income investments and money market investments to maintain stability.

  • Equity (a)
  • William Blair Growth
  • Artisan Value Fund Institutional Shares
  • T. Rowe Price Large Cap Growth
  • DFA U.S. Small Cap
  • Dodge & Cox International Stock
  • TIAA-CREF International Equity Index Institutional
  • Fixed Income (b)
  • Dreyfus Bond Market Index
  • DFA Inflation-Protected Securities I
  •  
  • Money Market (c)
  • Dreyfus Treasury Securities Cash Management

Static Portfolios

You may choose to invest in any one, or any combination of the portfolios below. While the Static Portfolios allow for more control over your account, it will be up to you to choose a new portfolio, or portfolios, should your needs or goals change.

Portfolio Allocation Portfolio Objective

100% Equity Portfolio-Seeks long-term capital appreciation by investing all of its assets in equity investments.

100% Equity Portfolio

Seeks long-term capital appreciation by investing all of its assets in equity investments.

o Dreyfus Bond Market Index

Balanced Portfolio-Seeks moderate growth by investing in a balanced allocation weighted toward equity investments over fixed income investments.

Balanced Portfolio

Seeks moderate growth by investing in a balanced allocation weighted toward equity investments over fixed income investments.

  • Equity (a)
  • William Blair Growth
  • Artisan Value Fund Institutional Shares
  • T. Rowe Price Large Cap Growth
  • DFA U.S. Small Cap
  • Dodge & Cox International Stock
  • TIAA-CREF International Equity Index
  • Fixed Income (b)
  • Dreyfus Bond Market Index
  • DFA Inflation-Protected Securities I
  •  
  • Money Market (c)
  • Dreyfus Treasury Securities Cash Management

Individual Fund Portfolios

Portfolio Name Portfolion Allocation Portfolio Description
Large Cap Growth Portfolio T. Rowe Price Large Cap Growth Seeks capital appreciation by emphasizing common stocks with high growth potential at average, rather than high prices.
Large Cap Value Portfolio Artisan Value Fund Institutional Shares Seeks long-term growth of capital by investing mainly in common stocks that the portfolio manager believes to be undervalued.
Large Cap Passive Portfolio TIAA-CREF S&P 500 Index Seeks to track the performance and characteristics of a benchmark index that measures the investment return of large-cap stocks.
All Cap Active Portfolio William Blair Growth Seeks long-term capital appreciation by investing primarily in common stocks by using a variety of proprietary quantitative models to rank stocks on the basis of valuation and momentum.
Socially Responsible Portfolio TIAA-CREF Social Choice Equity Seeks a favorable long-term total return that reflects the investment performance of the overall U.S. stock market, while giving special consideration to certain social criteria.
Small Cap Portfolio DFA U.S. Small Cap Seeks capital appreciation by investing primarily in a broadly diversified portfolio of common, small-cap stocks by using a variety of proprietary quantitative models to rank small-cap stocks on the basis of valuation and momentum.
Non-US Equity Portfolio Templeton Institutional Foreign Equity Series Seeks to achieve high total return through capital appreciation and income by investing in a variety of global and international investments.
Fixed Income Portfolio Dreyfus Bond Market Index Seeks to match the total return of the Barclay's Capital U.S. Aggregate Index by investing in domestic fixed income and money market instruments.
Inflation-Protected Bond Portfolio DFA Inflation-Protected Securities I Seeks to provide returns that exceed the rate of inflation.
U.S. Government Money Market Portfolio1 Dreyfus Treasury Securities Cash Management Seeks preservation of capital by investing in a U.S. Government money market mutual fund.

Each underlying investment has its own risks. For example, the prices of small-cap stocks are generally more volatile than large-company stocks; There is always the potential for losing money when you invest in securities. There are special risks inherent to international investing, including currency, political, social and economic risks. Investments in growth stocks may be more volatile than other securities. With value investing, if the marketplace does not recognize that a security is undervalued, the expected price increase may not occur. Fixed-income investing entails credit and interest risks. When interest rates rise, bond prices generally fall, and the underlying fund or account value may fall as well. Diversification does not guarantee a profit or protect against loss.

1. You could lose money by investing in this investment option. Although the money market fund in which your investment option invests (the “underlying fund”) seeks to preserve its value at $1.00 per share, the underlying fund cannot guarantee it will do so. An investment in this investment option is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The underlying fund’s sponsor has no legal obligation to provide financial support to the underlying fund, and you should not expect that the sponsor will provide financial support to the underlying fund at any time.