Sometimes, you might want investment options that are highly focused. Perhaps you want to make your choice based on the investment type of a single underlying fund.
Single-fund investment options may offer a range of investment types suitable for a variety of risk profiles. Some investment options include index and actively managed choices. Index funds are designed to track a benchmark index. Active management, by contrast, is managed by a person using research, forecasts, and their own experience to make investment decisions.
Whatever your choice, the Single-Fund Investment Options might be an investment path you wish to explore.
Changing Your Investments
Once you invest in a particular investment option, you can transfer contributions and any earnings to another investment option up to twice per calendar year or upon a transfer of funds to a Minnesota College Savings Plan account for a different beneficiary.
Periodically Review Your Investments
It’s a good idea to periodically re-evaluate 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.
How Single-Fund Investment Options Work
These investment options are each invested solely in shares of a single underlying fund. Since their performance is entirely reliant on the performance of that underlying fund, they may be more volatile than the age-based investment options or the multi-fund investment options. You should be aware that participants do not own shares of the underlying funds directly. Each of the single-fund investment options is described in more detail below.
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U.S. LARGE CAP EQUITY(Risk Level — Aggressive)
Investment Objective. This Investment Option seeks to provide a favorable long-term total return, mainly from capital appreciation.
Investment Strategy. This investment Option invests 100% of its assets in an “index fund,” meaning that the mutual fund attempts to track a benchmark index. The mutual fund in which this Investment Option is invested is TIAA-CREF S&P 500 Index Fund. 100.00%TIAA-CREF S&P 500
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Index Fund (TISPX) |
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MONEY MARKET(Risk Level — Conservative)
Investment Objective. This Investment Option seeks to provide current income consistent with preservation of capital.
Investment Strategy. This Investment Option invests 100% of its assets in a government money market mutual fund. The mutual fund in which this Investment Option is invested is TIAA-CREF Money Market Fund. 100.00%TIAA-CREF Money Market Fund (TCIXX) Through its investments in this mutual fund, the Investment Option intends to indirectly allocate its assets to cash, U.S. Government securities and/or repurchase agreements that are collateralized fully by cash or U.S. Government securities. These investments include (1) securities issued by, or whose principal and interest are guaranteed by, the U.S. Government or one of its agencies or instrumentalities and (2) repurchase agreements involving securities issued or guaranteed by the U.S. Government or one of its agencies or instrumentalities. + X |
Single-Fund Investment Options
| INVESTMENT OPTION NAME | ALLOCATION | INVESTMENT OPTION OBJECTIVE |
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| U.S. LARGE CAP EQUITY |
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(Risk Level — Aggressive)
Investment Objective. This Investment Option seeks to provide a favorable long-term total return, mainly from capital appreciation.
Investment Strategy. This investment Option invests 100% of its assets in an “index fund,” meaning that the mutual fund attempts to track a benchmark index. The mutual fund in which this Investment Option is invested is TIAA-CREF S&P 500 Index Fund. 100.00%TIAA-CREF S&P 500
Read More
X
Index Fund (TISPX) |
| MONEY MARKET |
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(Risk Level — Conservative)
Investment Objective. This Investment Option seeks to provide current income consistent with preservation of capital.
Investment Strategy. This Investment Option invests 100% of its assets in a government money market mutual fund. The mutual fund in which this Investment Option is invested is TIAA-CREF Money Market Fund. 100.00%TIAA-CREF Money Market Fund (TCIXX) Through its investments in this mutual fund, the Investment Option intends to indirectly allocate its assets to cash, U.S. Government securities and/or repurchase agreements that are collateralized fully by cash or U.S. Government securities. These investments include (1) securities issued by, or whose principal and interest are guaranteed by, the U.S. Government or one of its agencies or instrumentalities and (2) repurchase agreements involving securities issued or guaranteed by the U.S. Government or one of its agencies or instrumentalities. Read More X |
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