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Effective January 1, 2008, an additional age-based evolving Portfolio will be offered in the VEST program: Eastern Shore
Eastern Shore Portfolio
The Eastern Shore Portfolio is an Age-based Evolving Portfolio whose target allocation strategy is intended to provide a "middle ground" approach to asset allocation for those Beneficiaries who range in age from newborn to age 3. The Eastern Shore Portfolio is diversified in an effort to meet its long-term investment strategy. By investing in a varied combination of Underlying Funds investing in different asset classes, the Portfolio seeks to control risk and provide returns consistent with the ages of the target Beneficiaries and the expected time until moneys in the accounts are needed for higher education. The first evolution of this Portfolio will occur in January 2012.
The initial target allocation for the Eastern Shore Portfolio is 80% stocks and 20% bonds. The chart below summarizes the asset allocation as well as the diversification of the investment managers of the Underlying Funds and investments that comprise the Portfolio. These allocations and managers are subject to change.
Asset Class/Manager |
Allocation |
|
|
Large Cap Equity/Vanguard |
40% |
Small Cap Equity/Vanguard |
5% |
Small/Mid Cap Equity/Rothschild |
15% |
Non-U.S. Equity/Templeton Institutional Funds, Inc. |
10% |
Non-U.S. Equity/American Funds |
10% |
Fixed Income/Western |
15% |
Stable Value/INVESCO |
5% |
Total |
100% |
VEST accounts involve investment risk, including the possible loss of principal. Please refer to the VEST Enrollment Kit and the VEST Program Description for more detailed information about the VEST Program. |