2040/2041 Enrollment Portfolio Passive
Overview
| Unit value as of | ||
|---|---|---|
| Day change | ||
| Total annual asset-based fees | ||
| Inception date | 7/14/2023 |
The Passive Enrollment Year Investment Portfolios are intended for those who prefer to invest primarily in portfolios that are index mutual funds. Passive management is a low-cost investment strategy in which a mutual fund attempts to match, rather than outperform, a particular stock or bond market index, also known as indexing.
Risk level
Risk level shifts from aggressive to conservative as the beneficiary approaches enrollment.
Historical performance
Average annual total returns as of 10/31/2024
| Category | 2040/2041 Enrollment Portfolio Passive | Benchmark |
|---|---|---|
| Year to date | 12.94% | 12.88% |
| 1 year | 28.19% | 28.44% |
| 3 years | ||
| 5 years | ||
| 10 years | ||
| Since inception | 14.15% | 14.00% |
Average annual total returns as of 9/30/2024
| Category | 2040/2041 Enrollment Portfolio Passive | Benchmark |
|---|---|---|
| Year to date | 15.51% | 15.41% |
| 1 year | 27.92% | 27.74% |
| 3 years | ||
| 5 years | ||
| 10 years | ||
| Since inception | 17.35% | 17.17% |
The performance data quoted represent past performance and are net of all fees and expenses. Past performance is not a guarantee of future results. Your returns and the principal value of your account will fluctuate, so your investment may be worth more or less than the original value when you withdraw your money. Current performance may be lower or higher than the performance quoted above. Investors cannot invest directly in a benchmark.
All performance figures in the table, with the exception of the performance figures in the year-to-date column, represent the average annual compound rate of the total return. All figures in the year-to-date column represent cumulative, nonannualized returns.
Asset allocation
- 80.00% Equity
- 20.00% Fixed Income
The target asset allocations shown for this portfolio are as of September 18, 2024.
Underlying funds
| Ticker | Underlying fund | Allocation |
|---|---|---|
| TIEIX | Nuveen Equity Index Fund | 50.40% |
| TCIEX | Nuveen International Equity Index Fund | 19.20% |
| TEQLX | Nuveen Emerging Markets Equity Index Fund | 4.80% |
| VGSNX | Vanguard Real Estate Index Fund | 5.60% |
| TBIIX | Nuveen Bond Index Fund | 16.00% |
| VWEAX | Vanguard High-Yield Corporate Fund | 4.00% |
The above table lists the underlying investments in which this investment option invests, and the percentage of the investment option’s assets allocated to each of its investments. Please keep in mind that if you invest in this investment option, you will own this investment option; you will not own shares in any of the above mutual funds. For more information on investment options, fees and expenses, including cost examples, please read the Plan Description.
529 Investment Lead
Jeremy Thiessen
Head of Investment Strategies
To learn more about California’s ScholarShare 529, its investment objectives, tax benefits, risks and costs, please see the Plan Description at ScholarShare529.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. Check with your home state to learn if it offers tax or other benefits such as financial aid, scholarship funds or protection from creditors for investing in its own 529 plan.
The material contained on this website is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or investment strategy and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. Investment decisions should be based on an investor’s objectives and circumstances.
TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for California’s ScholarShare 529.
