Balanced Allocation Portfolio

Overview

Unit value as of  
Day change
Total annual asset-based fees  
Inception date   5/1/2002

Investment objective

This Investment Portfolio seeks moderate growth.


Investment strategy

To varying degrees, this Investment Portfolio invests in certain mutual funds that mainly invest in equity securities, including:

  • U.S. equity securities across all capitalization ranges;
  • Foreign equity securities across all capitalization ranges, including the securities of issuers located in developed countries and emerging markets countries; and
  • Equity securities of issuers that are principally engaged in or related to the real estate industry, including real estate investment trusts (REITs).

Also to varying degrees, each of these Investment Portfolios invests in certain mutual funds that mainly invest in debt securities, including:

  • A wide spectrum of public, investment-grade, taxable, fixed-income securities, including government, corporate and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities, all with maturities of more than one year;
  • Inflation-protected obligations issued by the U.S. Treasury with remaining maturities of less than five years; and
  • High-yielding, higher-risk corporate bonds and other fixed-income investments (commonly known as “junk bonds”) with medium- and lower-range credit quality ratings.

Mutual funds that mainly invest in equity securities may have greater potential for returns than mutual funds that mainly invest in debt securities, but may also have greater risk of loss than mutual funds that mainly invest in debt securities. The High Equity Allocation Portfolio allocates more assets to mutual funds that mainly invest in equity 16 securities (including real estate securities) than the Balanced Allocation Portfolio, and the Balanced Allocation Portfolio allocates more assets to mutual funds that mainly invest in equity securities (including real estate securities) than the Conservative Allocation Portfolio. The Conservative Allocation Portfolio allocates more assets to mutual funds that mainly invest in debt securities than the Balanced Allocation Portfolio, and the Balanced Allocation Portfolio allocates more assets to mutual funds that mainly invest in debt securities than the High Equity Allocation Portfolio. In addition to its investments in mutual funds, the Conservative Allocation Portfolio also invests in a funding agreement.


Risk level

Conservative

Moderate to Aggressive

Learn more about how risk potential could affect your investment by completing our Risk Tolerance Questionnaire.


Historical performance

Average annual total returns as of 11/30/2023

Category Balanced Allocation Portfolio Benchmark
Year to date 9.37% 9.08%
1 year 6.53% 6.53%
3 years 2.03% 1.87%
5 years 5.67% 5.73%
10 years 5.37% 5.46%
Since inception 5.85% 6.12%

Average annual total returns as of 9/30/2023

Category Balanced Allocation Portfolio Benchmark
Year to date 4.75% 4.55%
1 year 10.75% 10.75%
3 years 2.33% 2.29%
5 years 4.10% 4.19%
10 years 5.25% 5.34%
Since inception 5.68% 5.96%

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

  • 31.50% U.S. Equity
  • 15.00% International Equity
  • 3.50% Real Estate
  • 50.00% Fixed Income

Underlying funds

Ticker Underlying fund Allocation
TIEIX TIAA-CREF Equity Index Fund 31.50%
TCIEX TIAA-CREF International Equity Index Fund 12.00%
TEQLX TIAA-CREF Emerging Markets Equity Index Fund 3.00%
TIREX TIAA-CREF Real Estate Securities Fund 3.50%
VBMPX Vanguard Total Bond Market Index Fund 32.50%
VTSPX Vanguard Short-Term Inflation-Protected Securities Index Index 10.00%
VWEAX Vanguard High-Yield Corporate Fund 7.50%

The above table lists the underlying investments in which this investment portfolio invests and the percentage of the investment portfolio’s assets allocated to each of its investments. Please keep in mind that if you invest in this investment portfolio, you will own this investment portfolio; you will not own shares in any of the above mutual funds. For more information on investment portfolios, fees and expenses, including cost examples, please read the Plan Description.

529 Investment Lead

Jeremy Thiessen

Jeremy Thiessen

Head of Investment Strategies

To learn more about the Path2College 529 College Savings Plan, its investment objectives, risks, charges and expenses please see the Plan Description at Path2College529.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, is the distributor and underwriter for the Path2College 529.