Investment Options
IL ABLE offers Investment Options to meet a variety of needs. From the Aggressive Investment Option, seeking higher potential returns, to the Money Market Option that places asset preservation over growth, IL ABLE offers seven risk-based Investment Options, and 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 eight Investment Options.
Aggressive Option
Asset-Based Fee: 0.30%
Strategy:
The Investment Option invests in three Vanguard stock index funds, one Schwab index ETF, three Vanguard bond index funds, one American Funds bond fund and one BlackRock (iShares) bond index fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 90% of its assets to stocks and 10% of its assets to 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 ETF, American Funds bond fund and Schwab ETF, see Explanations of Investment Risk Factors in the Plan Disclosure Booklet.
Moderately Aggressive Option
Asset-Based Fee: 0.30%
Strategy:
The Investment Option invests in three Vanguard stock index funds, one Schwab index ETF, three Vanguard bond index funds, one American Funds bond fund and one BlackRock (iShares) bond index fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 75% of its assets to stocks and 25% of its assets to bonds.
Objective:
The Moderately Aggressive Investment Option seeks to provide long-term capital appreciation with 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 ETF, American Funds bond fund and Schwab ETF, see Explanations of Investment Risk Factors in the Plan Disclosure Booklet.
Growth Option
Asset-Based Fee: 0.30%
Strategy:
The Investment Option invests in three Vanguard stock index funds, one Schwab index ETF, three Vanguard bond index funds, one American Funds bond fund and one BlackRock (iShares) bond index fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 60% of its assets to stocks and 40% of its assets to bonds.
Objective:
The Growth Investment Option seeks to provide capital appreciation and low current income.
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 ETF, American Funds bond fund and Schwab ETF, see Explanations of Investment Risk Factors in the Plan Disclosure Booklet.
Moderate Option
Asset-Based Fee: 0.30%
Strategy:
The Investment Option invests in three Vanguard stock index funds, one Schwab index ETF, three Vanguard bond index funds, one American Funds bond fund and one BlackRock (iShares) bond index fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 45% of its assets to stocks and 55% of its assets to bonds.
Objective:
The Investment Option primarily seeks to provide moderate current income and secondarily provide capital appreciation.
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 ETF, American Funds bond fund and Schwab ETF, see Explanations of Investment Risk Factors in the Plan Disclosure Booklet.
Moderately Conservative Option
Asset-Based Fee: 0.31%
Strategy:
The Investment Option invests in three Vanguard stock index funds, one Schwab index ETF, three Vanguard bond index funds, one BlackRock (iShares) bond index fund and a Vanguard money market fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 30% of its assets to stocks, 45% of its assets to investment-grade bonds and 25% to cash or cash equivalents*.
Objective:
The Moderately Conservative Investment Option seeks to provide moderate current income and low capital appreciation and moderate capital preservation.
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 ETF and Schwab ETF, see Explanations of Investment Risk Factors in the Plan Disclosure Booklet.
Moderately Conservative Price History
*The allocation to cash or cash equivalents is an allocation to the Vanguard Cash Reserves Federal Money Market Fund, which invests 99.5% of its total assets in cash, U.S. government securities, and/or repurchase agreements that are collateralized by U.S. government securities or cash.
Conservative Option
Asset-Based Fee: 0.33%
Strategy:
The Investment Option invests in three Vanguard stock index funds, one Schwab index ETF, three Vanguard bond index funds, one BlackRock (iShares) bond index fund and a Vanguard money market fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 10% of its assets to stocks, 30% of its assets to investment-grade bonds and 60% to cash or cash equivalents*.
Objective:
The Conservative Investment Option seeks to provide substantial capital preservation, limited current income and very low capital appreciation.
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 ETF and Schwab ETF, see Explanations of Investment Risk Factors in the Plan Disclosure Booklet.
*The allocation to cash or cash equivalents is an allocation to the Vanguard Cash Reserves Federal Money Market Fund, which invests 99.5% of its total assets in cash, U.S. government securities, and/or repurchase agreements that are collateralized by U.S. government securities or cash.
Money Market Option
Asset-Based Fee: 0.36%
Strategy:
The Investment Option seeks income consistent with the preservation of principal and invests all of its assets in the Vanguard Cash Reserves Federal Money Market Fund.
Objective:
The Investment Option seeks to provide current income along with the preservation of principal.
Risks:
Income Risk, Manager Risk, Credit Risk and Industry Concentration Risk. These risks are discussed under Vanguard Investment Risks in the Plan Disclosure Booklet.
*The allocation to cash or cash equivalents is an allocation to the Vanguard Cash Reserves Federal Money Market Fund, which invests 99.5% of its total assets in cash, U.S. government securities, and/or repurchase agreements that are collateralized by U.S. government securities or cash.
Read the Plan Disclosure Booklet.
Read the Investment Policy Statement.