Investment Options
IL ABLE offers Investment Options to meet a variety of needs. From the Aggressive Investment Option, seeking higher potential returns, to the Conservative Investment Option that places asset preservation over growth, IL ABLE offers six risk-based Investment Options. IL ABLE also offers an FDIC-insured Checking Account Option (through Fifth Third Bank, N.A.) with a convenient debit card and checkbook feature that make it easy to manage everyday expenses. You can choose a single Investment Option or a blend of all seven Investment Options.
Aggressive
Asset-Based Fee: 0.33%
Strategy:
This Investment Option invests in equity funds offered by Vanguard, BlackRock, and Schwab, as well as fixed income funds offered by Vanguard and BlackRock. Through its investment in these underlying funds, this Investment Option allocates approximately 90% of its assets to stocks and 10% of its assets to investment-grade bonds.
Objective:
The Aggressive Investment Option seeks to provide long-term capital appreciation with very low-income potential.
Risks:
The Investment Option has a number of investment-related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds,Schwab, and Sallie Mae funds see Explanations of Investment Risk Factors in the Plan Disclosure Booklet.
Moderately Aggressive
Asset-Based Fee: 0.32%
Strategy:
This Investment Option invests in equity funds offered by Vanguard, BlackRock, and Schwab, as well as fixed income funds offered by Vanguard and BlackRock. Through its investment in these underlying funds, this Investment Option allocates approximately 75% of its assets to stocks and 25% of its assets to investment-grade bonds.
Objective:
The Moderately Aggressive Investment Option seeks to provide long-term capital appreciation with low income potential.
Risks:
This Investment Option has a number of investment-related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds and Schwab funds, see Explanations of Investment Risk Factors in the Plan Disclosure Booklet.
Growth
Asset-Based Fee: 0.32%
Strategy:
This Investment Option invests in equity funds offered by Vanguard, BlackRock, and Schwab, as well as fixed income funds offered by Vanguard and BlackRock. Through its investment in these underlying funds, this Investment Option allocates approximately 60% of its assets to stocks and 40% of its assets to investment-grade bonds.
Objective:
The Growth Investment Option seeks to provide capital appreciation and low current income.
Risks:
This Investment Option has a number of investment-related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds and Schwab funds, see Explanations of Investment Risk Factors in the Plan Disclosure Booklet.
Moderate
Asset-Based Fee: 0.32%
Strategy:
This Investment Option invests in equity funds offered by Vanguard, BlackRock, and Schwab, as well as fixed income funds offered by Vanguard and BlackRock. Through its investment in these underlying funds, this Investment Option allocates approximately 45% of its assets to stocks and 55% of its assets to investment-grade bonds.
Objective:
The Moderate Investment Option primarily seeks to provide capital appreciation and secondarily seeks to provide moderate current income.
Risks:
This Investment Option has a number of investment-related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds and Schwab funds, see Explanations of Investment Risk Factors in the Plan Disclosure Booklet.
Moderately Conservative
Asset-Based Fee: 0.31%
Strategy:
This Investment Option invests in equity funds offered by Vanguard, BlackRock, and Schwab, as well as fixed income funds offered by Vanguard and BlackRock and a Sallie Mae High Yield Savings Account. Through its investment in these underlying funds, this Investment Option allocates approximately 30% of its assets to stocks, 45% of its assets to investment-grade bonds and 25% to cash.
Objective:
The Moderately Conservative Investment Option seeks to provide moderate current income and low capital appreciation and moderate capital preservation.
Risks:
This Investment Option has a number of investment-related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds and Schwab funds, see Explanations of Investment Risk Factors and Sallie Mae High Yield Savings Account – Investment Risks in the Plan Disclosure Booklet.
Conservative
Asset-Based Fee: 0.30%
Strategy:
This Investment Option invests in equity funds offered by Vanguard, BlackRock, and Schwab, as well as fixed income funds offered by Vanguard and BlackRock and a Sallie Mae High Yield Savings Account. Through its investment in these underlying funds, this Investment Option allocates approximately 10% of its assets to stocks, 30% of its assets to investment-grade bonds and 60% to cash.
Objective:
The Conservative Investment Option seeks to provide substantial capital preservation, limited current income and very low capital appreciation.
Risks:
This Investment Option has a number of investment-related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds and Schwab funds, see Explanations of Investment Risk Factors and Sallie Mae High Yield Savings Account – Investment Risks in the Plan Disclosure Booklet.
Read the Plan Disclosure Booklet.
Read the Investment Policy Statement.