Michigan 529 Advisor Plan

Age-Based Investment Portfolio

This is the simple, all-in-one investment portfolio, which changes from a growth strategy when your child is young to hold strategy as their college years approach.

How the Age-Based Investment Portfolio Works

The Age-Based Portfolio Option seeks to match the investment objective and level of risk to the investment horizon by factoring in the child's current age and the number of years before they turn 18. Depending on this age, contributions to these Investment Options will be placed in various age bands, each of which has a different investment objective and investment strategy.

As discussed in more detail below, the age bands for younger Beneficiaries seek a favorable long-term return by primarily investing in mutual funds that primarily invest in equity and real estate securities, which may have greater potential for returns than debt securities, but which also have greater risk than debt securities. As a Beneficiary nears college age, the age bands invest less in mutual funds that invest in equity and real estate securities and more in mutual funds that invest in debt securities and in other investments that seek to preserve principal. In fact, the TIAA Life Funding Agreement portfolio allocation stabilizes the portfolio in later years, and helps align portfolio duration with the anticipated college funding liability.

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Age-Based Investment Portfolio
Age-Based Investment Portfolio
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0‑4 YEARS

Investment Objective. The investments in this age-band seek long-term growth by investing primarily in equity mutual funds. A percentage of assets are invested in fixed income mutual funds to help provide some protection from equity volatility.

  68.80%Equities
    5.60%Real Estate
    5.60%Real Assets
  17.00%Bonds
    3.00%Inflation-Linked Bonds
    0.00%Funding Agreement
+ X

5‑8 YEARS

Investment Objective. The investments in this age-band seek long-term growth by investing primarily in equity mutual funds. A percentage of assets are invested in fixed income mutual funds to help provide some protection from equity volatility.

  60.20%Equities
    4.90%Real Estate
    4.90%Real Assets
  25.50%Bonds
    4.50%Inflation-Linked Bonds
    0.00%Funding Agreement
+ X

9‑10 YEARS

Investment Objective. The investments in this age-band seek growth by investing in an allocation weighted toward equity mutual funds verses fixed income and money market mutual funds.

  51.60%Equities
    4.20%Real Estate
    4.20%Real Assets
  34.00%Bonds
    6.00%Inflation-Linked Bonds
    0.00%Funding Agreement
+ X

11‑12 YEARS

Investment Objective. The investments in this age-band seek moderate growth by investing in a more balanced asset allocation between equity mutual funds and fixed income mutual funds.

  43.00%Equities
    3.50%Real Estate
    3.50%Real Assets
  34.00%Bonds
    6.00%Inflation-Linked Bonds
  10.00%Funding Agreement
+ X

13‑14 YEARS

Investment Objective. The investments in this age-band seek conservative growth by investing in an asset allocation weighted toward fixed income mutual funds versus equity mutual funds.

  34.40%Equities
    2.80%Real Estate
    2.80%Real Assets
  38.25%Bonds
    6.75%Inflation-Linked Bonds
  15.00%Funding Agreement
+ X

15 YEARS

Investment Objective. The investments in this age-band seek conservative growth by investing in an asset allocation weighted toward fixed income mutual funds versus equity mutual funds.

Investment Strategy. Depending on the Beneficiary’s age, contributions to these Investment Portfolios will be placed in one of nine age bands, each of which has a different investment objective and investment strategy. As discussed in more detail below, the age bands for younger Beneficiaries seek a favorable long-term return by primarily investing in mutual funds that primarily invest in equity and real estate securities, which may have greater potential for returns than debt securities, but which also have greater risk than debt securities. As a Beneficiary nears college age, the age bands invest less in mutual funds that invest in equity and real estate securities and more in mutual funds that invest in debt securities and in other investments that seek to preserve principal.

  25.80%Equities
    2.10%Real Estate
    2.10%Real Assets
  38.25%Bonds
    6.75%Inflation-Linked Bonds
  25.00%Funding Agreement
+ X

16 YEARS

Investment Objective. The investments in this age-band seek conservative growth by investing in an asset allocation weighted toward fixed income mutual funds and other short term investments versus equity mutual funds.

  21.50%Equities
    1.75%Real Estate
    1.75%Real Assets
  34.00%Bonds
    6.00%Inflation-Linked Bonds
  35.00%Funding Agreement
+ X

17 YEARS

Investment Objective. The investments in this age-band seek conservative growth by investing in an asset allocation weighted toward fixed income mutual funds and other short term investments versus equity mutual funds.

  17.20%Equities
    1.40%Real Estate
    1.40%Real Assets
  25.50%Bonds
    4.50%Inflation-Linked Bonds
  50.00%Funding Agreement
+ X

18+ YEARS

Investment Objective. The investments in this age-band seek to preserve your capital by investing more in mutual funds that invest primarily in bond funds and other short term investments versus equity mutual funds.

  12.90%Equities
    1.05%Real Estate
    1.05%Real Assets
  21.25%Bonds
    3.75%Inflation-Linked Bonds
  60.00%Funding Agreement
+ X

Age-Based Investment Portfolio


Age-Based Investment Portfolios
BENEFICIARY'S AGE ALLOCATION INVESTMENT PORTFOLIO OBJECTIVE
0‑4 YEARS
Investment Objective. The investments in this age-band seek long-term growth by investing primarily in equity mutual funds. A percentage of assets are invested in fixed income mutual funds to help provide some protection from equity volatility.

  68.80%Equities
    5.60%Real Estate
    5.60%Real Assets
  17.00%Bonds
    3.00%Inflation-Linked Bonds
    0.00%Funding Agreement
Read More X

View Underlying Mutual Funds

5‑8 YEARS
Investment Objective. The investments in this age-band seek long-term growth by investing primarily in equity mutual funds. A percentage of assets are invested in fixed income mutual funds to help provide some protection from equity volatility.

  60.20%Equities
    4.90%Real Estate
    4.90%Real Assets
  25.50%Bonds
    4.50%Inflation-Linked Bonds
    0.00%Funding Agreement
Read More X

View Underlying Mutual Funds

9‑10 YEARS
Investment Objective. The investments in this age-band seek growth by investing in an allocation weighted toward equity mutual funds verses fixed income and money market mutual funds.

  51.60%Equities
    4.20%Real Estate
    4.20%Real Assets
  34.00%Bonds
    6.00%Inflation-Linked Bonds
    0.00%Funding Agreement
Read More X

View Underlying Mutual Funds

11‑12 YEARS
Investment Objective. The investments in this age-band seek moderate growth by investing in a more balanced asset allocation between equity mutual funds and fixed income mutual funds.

  43.00%Equities
    3.50%Real Estate
    3.50%Real Assets
  34.00%Bonds
    6.00%Inflation-Linked Bonds
  10.00%Funding Agreement
Read More X

View Underlying Mutual Funds

13‑14 YEARS
Investment Objective. The investments in this age-band seek conservative growth by investing in an asset allocation weighted toward fixed income mutual funds versus equity mutual funds.

  34.40%Equities
    2.80%Real Estate
    2.80%Real Assets
  38.25%Bonds
    6.75%Inflation-Linked Bonds
  15.00%Funding Agreement
Read More X

View Underlying Mutual Funds

15 YEARS
Investment Objective. The investments in this age-band seek conservative growth by investing in an asset allocation weighted toward fixed income mutual funds versus equity mutual funds.

  25.80%Equities
    2.10%Real Estate
    2.10%Real Assets
  38.25%Bonds
    6.75%Inflation-Linked Bonds
  25.00%Funding Agreement
Read More X

View Underlying Mutual Funds

16 YEARS
Investment Objective. The investments in this age-band seek conservative growth by investing in an asset allocation weighted toward fixed income mutual funds and other short term investments versus equity mutual funds.

  21.50%Equities
    1.75%Real Estate
    1.75%Real Assets
  34.00%Bonds
    6.00%Inflation-Linked Bonds
  35.00%Funding Agreement
Read More X

View Underlying Mutual Funds

17 YEARS
Investment Objective. The investments in this age-band seek conservative growth by investing in an asset allocation weighted toward fixed income mutual funds and other short term investments versus equity mutual funds.

  17.20%Equities
    1.40%Real Estate
    1.40%Real Assets
  25.50%Bonds
    4.50%Inflation-Linked Bonds
  50.00%Funding Agreement
Read More X

View Underlying Mutual Funds

18+ YEARS
Investment Objective. The investments in this age-band seek to preserve your capital by investing more in mutual funds that invest primarily in bond funds and other short term investments versus equity mutual funds.

  12.90%Equities
    1.05%Real Estate
    1.05%Real Assets
  21.25%Bonds
    3.75%Inflation-Linked Bonds
  60.00%Funding Agreement
Read More X

View Underlying Mutual Funds


The investment portfolios are subject to the risks of the underlying funds including loss of principal.