Multi-Fund Investment Option
Consider this if: You want investment options with more choices when it comes to diversity and risk.
Some investors want added control over their investment option’s diversification and investment strategy. If you’re one of those people, the Multi-Fund Investment Option available through WA529 Invest might be the investment type for you.
This option offers six (6) Portfolios. Unlike the Portfolios in the Enrollment Year Investment Option, if you invest in a Multi-Fund Portfolio, the composition of investments within the Portfolio remains fixed over time, subject to periodic rebalancing back to the Portfolio guidelines and any changes in investment policy made by the Committee. Each Portfolio invests in one or more Underlying Funds, each of which is managed by either Nuveen or Vanguard. If you invest in a Multi-Fund Portfolio, your assets will not automatically shift to more conservative investments over time.
No matter which Multi-Fund Portfolio(s) you choose, it’s important to note that once you’ve selected an investment, the funds will remain there until you select another.
How a Multi-Fund Investment Option works
These Portfolios seek to provide choices for people who prefer to select an investment option for its asset allocation. Each Multi-Fund Investment Option has a different investment objective and investment strategy.
The allocations to the underlying mutual funds in the Multi-Fund Investment Option do not change automatically as the beneficiary ages as they do in the Enrollment Year Investment Option. The Board may change the asset allocations and underlying mutual funds for these investment options (as well as for the other investment options) at any time.
| Investment Name | Risk Level | Investment Objective | Allocation | ||
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| Aggressive Growth Portfolio | Aggressive | The Aggressive Growth Portfolio seeks to maximize growth but comes with the highest degree of risk. The Portfolio is designed for investors with a very high tolerance for short-term equity market fluctuations who expect maximum capital appreciation. The Portfolio investments include a mix of Underlying Funds that invest primarily in equity securities. |
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| Growth Portfolio | Aggressive | The Growth Portfolio seeks capital appreciation but comes with high degree of risk. The Portfolio is designed for investors with a high tolerance for short-term equity market fluctuations who expect capital appreciation and have low desire for income. The Portfolio investments include a mix of Underlying Funds that invest primarily in equity securities and Underlying Funds that invest primarily in debt securities. |
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| Moderate Growth Portfolio | Moderate to Aggressive | The Moderate Growth Portfolio seeks to grow moderately with low income but comes with an increasing degree of risk. The Portfolio is designed for investors with a moderately high tolerance for short-term market fluctuations who expect significant capital appreciation and have a minimal desire for current income. The Portfolio investments include a mix of Underlying Funds that invest primarily in equity securities and Underlying Funds that invest primarily in debt securities. |
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| Balanced Portfolio | Moderate to Aggressive | The Balanced Portfolio seeks to provide a balanced mix of steady return and growth but comes with additional risk. The Portfolio is designed for investors with a modest tolerance for short-term market fluctuations and a desire for income and moderate capital appreciation. The Portfolio investments include a mix of Underlying Funds that invest primarily in debt securities and Underlying Funds that invest primarily in equity securities. |
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| Conservative Portfolio | Moderate | The Conservative Portfolio seeks to conservatively grow the Portfolio with modest income at higher risk. The Portfolio is designed for investors with a moderate tolerance for short-term market fluctuations who expect moderate capital appreciation and have a modest desire for income. The Portfolio investments include a mix of Underlying Funds that invest primarily in debt securities and Underlying Funds that invest primarily in equity. |
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| Income Portfolio | Moderate | The Income Portfolio seeks to provide investors limited capital appreciation with minimal risk to principal. The Portfolio is designed for investors with a low tolerance for short-term market fluctuations who want low risk to principal and have a high desire for current income with limited capital appreciation. The Portfolio investments include a mix of Underlying Funds that invest primarily in fixed-income securities. |
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The investment options are subject to the risks of the underlying funds including the loss of principal.
Things to consider
Changing your investments
Once you invest in a particular Portfolio, you can transfer contributions and any earnings to another Portfolio up to twice per calendar year or upon a transfer of funds to a WA529 Invest account for a different beneficiary.
Periodically reviewing your investments
It’s a good idea to periodically reevaluate your investment strategy as your goals, investment horizon and personal situation change—for example, annually at tax time, on a yearly basis if your income changes or upon the birth of another child.
More to explore
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