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TCSP Investments


Selecting an investment portfolio may seem overwhelming for some. However, the Texas College Savings Plan offers a number of investment options and strategies that you can tailor to align with your risk tolerance, time horizon and financial situation.

The Plan offers a wide range of portfolios with underlying investments managed by DFA, Eaton Vance, Federated Hermes, New York Life, and Vanguard. You can choose from among the Plan’s Age-based, Risk-based and Individual Asset Class Options, or a combination of each.

Should your goals or needs change, you have the flexibility to rebalance your account or allocate future contributions to different portfolios. Under current federal regulations, account owners are allowed to change the allocation of existing assets twice per calendar year or whenever you name a new beneficiary.

Investment Options

View Your Investment Options:


Age-based Portfolios
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Age-based Portfolios

Your account is placed in one of the following ten portfolios, according to your beneficiary’s age. The Age-based portfolios automatically adjust over time, becoming more conservative as the beneficiary ages.

Hover over a pie chart below for details. The center of the chart shows asset allocations.

0-3 Years

Seeks long-term capital growth by investing primarily in equity investments. A small percentage of assets are invested in fixed income investments to provide some protection from equity volatility.

4-6 Years

Seeks long-term capital growth by investing primarily in equity investments. A slightly larger percentage of assets are invested in fixed income investments to provide further protection from equity volatility.

7-8 Years

Seeks capital growth by investing in a balanced asset allocation of equity and fixed income.

9 Years

Seeks moderate capital growth by investing in a balanced asset allocation weighted toward equity.

10-11 Years

Seeks moderate capital growth by investing in a balanced asset allocation with near equal weights between equity and fixed income.

12 Years

The Age-based 12 Years portfolio marks the shift to a majority fixed income exposure as the objective changes from capital growth to preservation and income.

13-14 Years

Seeks preservation of income with minimal growth by investing in a blended allocation of equity and fixed income with a heavier weight toward fixed income.

15 Years

Further reduction in equity exposure seeks preservation of capital and income with minimal growth by investing primarily in fixed income investments and stable value to maintain stability.

16-17 Years

Seeks preservation of income with minimal growth by investing in a blended allocation of equity and fixed income with a heavy weight toward fixed income, as well as the inclusion of stable value to provide additional income.

Ages 18 Years and Over

Seeks preservation of capital and income by investing primarily in fixed income, with the inclusion of some equity and some stable value.

1. Investments in the New York Life Guaranteed Interest Account are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.


Risk-based Portfolios
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Risk-based Portfolios

The Risk-based portfolios offer you the ability to choose investment options based on your risk tolerance. You can choose to invest in one or any combination of these portfolios as well as the Age-based and Individual Asset Class portfolios.

Hover over a pie chart below for details. The center of the chart shows asset allocations.

Aggressive Allocation

Seeks long-term growth by primarily investing in equity.

Balanced Allocation

Seeks moderate growth by investing in a balanced allocation weighted toward equity investments versus fixed income investments.

Conservative Allocation

Seeks capital preservation by investing primarily in fixed income investments and stable value.

1. Investments in the New York Life Guaranteed Interest Account are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.


Individual Asset Class Portfolios
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Individual Asset Class Portfolios

Individual Asset Class portfolios allow you to create your own portfolio allocation by selecting from among select asset classes. You can also invest in any number of Individual Asset Class Portfolios alongside other investment in Age-based or Risk-based portfolios.

Hover over a pie chart below for details. The center of the chart shows asset allocations.

Diversified Equity

100% equity portfolio seeks long-term growth through a regionally diversified portfolio of investments.

Diversified Fixed Income

100% Fixed Income portfolio seeks to provide diversified exposure to the U.S. bond market.

U.S. Stock

100% equity exposure seeking to closely track the total return of the U.S. Stock Market.

International Stock

100% equity exposure seeking to closely track the total return of equity investments outside the U.S.

U.S. Bond

100% Fixed Income portfolio seeks to track the total return of the float adjusted aggregate U.S. Bond Market.

Inflation Protection

100% Fixed Income exposure with the goal of providing income and protecting against inflation.

Capital Preservation

100% Stable Value exposure seeks to provide guaranteed income with insurance against risk.

1. Investments in the New York Life Guaranteed Interest Account are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.

View Underlying Investments & Target Asset Allocations

Each underlying investment has its own risks. For example, the prices of small-cap stocks are generally more volatile than large company stocks. There are special risks inherent to international investing, including currency, political, social and economic risks. Investments in growth stocks may be more volatile than other securities. With value investing, if the marketplace does not recognize that a security is undervalued, the expected price increase may not occur. Fixed income investing entails credit and interest risks. When interest rates rise, bond prices generally fall, and the underlying Fund’s share price can fall. Diversification does not guarantee a profit or protect against loss. Derivative instruments, securities whose values depend on the performance of an underlying security or asset, may entail potentially higher volatility and risk of loss compared to traditional stock or bond investments.

Performance & Prices


Performance
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Performance

The inception date of the current investment portfolios listed below is December 10, 2021. You can view historical performance of the portfolios prior to that date. You can also access historical performance of your account by logging in to your account. 

Month End
Quarter End

Expense Ratio2 Effective Date 01/01/0001

Total Returns1 as of 11/30/2022

Portfolio Name As of 11/30/202209/30/2022 Expense
Ratio1
Total Returns Average Annual Returns
 1
Month		  3
Month		 YTD 1
Year		 3
Year		 5
Year		 Since
Inception
Aged-based Portfolios
0-3 Years 7.11% 3.43% -13.47% N/A N/A N/A -12.60% 0.40%
0-3 Years -8.64% -5.85% -23.56% N/A N/A N/A -22.80% 0.40%
4-6 Years 6.98% 3.07% -13.47% N/A N/A N/A -12.60% 0.40%
4-6 Years -8.49% -5.71% -23.17% N/A N/A N/A -22.40% 0.40%
7-8 Years 6.45% 2.46% -13.28% N/A N/A N/A -12.50% 0.40%
7-8 Years -7.96% -5.64% -22.10% N/A N/A N/A -21.40% 0.40%
9 Years 6.04% 1.74% -12.98% N/A N/A N/A -12.20% 0.39%
9 Years -7.76% -5.46% -21.11% N/A N/A N/A -20.40% 0.39%
10-11 Years 5.53% 1.04% -12.90% N/A N/A N/A -12.20% 0.39%
10-11 Years -7.48% -5.52% -20.24% N/A N/A N/A -19.60% 0.39%
12 Years 5.14% 0.34% -12.71% N/A N/A N/A -12.10% 0.39%
12 Years -7.19% -5.36% -19.27% N/A N/A N/A -18.70% 0.39%
13-14 Years 4.76% -0.23% -12.51% N/A N/A N/A -11.90% 0.39%
13-14 Years -6.80% -5.29% -18.27% N/A N/A N/A -17.70% 0.39%
15 Years 4.24% -0.78% -11.93% N/A N/A N/A -11.40% 0.38%
15 Years -6.27% -4.89% -16.80% N/A N/A N/A -16.30% 0.38%
16-17 Years 3.60% -1.33% -11.24% N/A N/A N/A -10.80% 0.37%
16-17 Years -5.64% -4.59% -15.12% N/A N/A N/A -14.70% 0.37%
18+ Years 2.97% -1.75% -10.36% N/A N/A N/A -10.00% 0.37%
18+ Years -4.91% -4.18% -13.25% N/A N/A N/A -12.90% 0.37%
Risk-based Portfolios
Aggressive Allocation 6.53% 2.61% -13.59% N/A N/A N/A -13.50% 0.40%
Aggressive Allocation -8.19% -5.61% -22.68% N/A N/A N/A -22.60% 0.40%
Balanced Allocation 6.05% 1.74% -13.18% N/A N/A N/A -12.40% 0.39%
Balanced Allocation -7.78% -5.59% -21.31% N/A N/A N/A -20.60% 0.39%
Conservative Allocation 3.83% -1.11% -10.96% N/A N/A N/A -10.60% 0.38%
Conservative Allocation -5.86% -4.70% -15.24% N/A N/A N/A -14.90% 0.38%
Individual Assets Class Portfolios
Diversified Equity 7.86% 3.97% -14.44% N/A N/A N/A -13.50% 0.35%
Diversified Equity -9.50% -6.46% -25.52% N/A N/A N/A -24.70% 0.35%
Diversified Fixed Income 3.11% -1.43% -10.58% N/A N/A N/A -10.40% 0.52%
Diversified Fixed Income -4.07% -3.43% -12.97% N/A N/A N/A -12.80% 0.52%
U.S. Stock 5.21% 3.21% -13.88% N/A N/A N/A -13.10% 0.33%
U.S. Stock -9.26% -4.50% -24.28% N/A N/A N/A -23.60% 0.33%
International Stock 13.37% 5.36% -14.36% N/A N/A N/A -13.50% 0.38%
International Stock -10.11% -10.55% -26.93% N/A N/A N/A -26.20% 0.38%
U.S. Bond 3.69% -2.13% -12.90% N/A N/A N/A -12.90% 0.34%
U.S. Bond -4.27% -4.70% -14.80% N/A N/A N/A -14.80% 0.34%
Inflation Protection 2.05% -4.07% -11.37% N/A N/A N/A -10.40% 0.42%
Inflation Protection -6.96% -5.03% -14.05% N/A N/A N/A -13.10% 0.42%
Capital Preservation 0.13% 0.38% 1.26% N/A N/A N/A 1.33% 0.31%2
Capital Preservation 0.13% 0.39% 1.00% N/A N/A N/A 1.07% 0.31%2

The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s units, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Performance data for each portfolio are based on the total return of a hypothetical account, net of the Texas College Savings Plan program and administration fees.

Portfolio returns for periods less than 1 year are cumulative and are not annualized.

1. Expense ratios for each of the portfolios include underlying investment expenses and plan fees.

2. Although there are no investment expenses associated with the Capital Preservation Portfolio, the yield of the underlying investment, New York Life GIA (“GIA”) is reduced by 0.10% to compensate New York Life for operating, administrative, and marketing costs. This will reduce the return of the portfolios that invest in the GIA. The interest rate (Crediting Rate) for the GIA resets every six months on January 1 and July 1. The Net Crediting Rate for the GIA is currently 1.85%.

1623-NLD-05252022


Prices
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Prices

You may see historical pricing and compare portfolios by selecting individual portfolios below.

Portfolio Prices as of 12/02/2022

Portfolio Name Unit Value Daily Net Change Inception Date Expense Ratio (%)1 Historical Price
Aged-based Portfolios
0-3 Years 8.75 0.00 12/10/21 0.40
4-6 Years 8.76 0.00 12/10/21 0.40
7-8 Years 8.79 0.01 12/10/21 0.40
9 Years 8.82 0.01 12/10/21 0.39
10-11 Years 8.84 0.01 12/10/21 0.39
12 Years 8.86 0.02 12/10/21 0.39
13-14 Years 8.89 0.03 12/10/21 0.39
15 Years 8.95 0.03 12/10/21 0.38
16-17 Years 9.02 0.03 12/10/21 0.37
18+ Years 9.10 0.03 12/10/21 0.37
Risk-based Portfolios
Aggressive Allocation 8.68 0.00 12/10/21 0.40
Balanced Allocation 8.80 0.01 12/10/21 0.39
Conservative Allocation 9.03 0.03 12/10/21 0.38
Individual Assets Class Portfolios
Diversified Equity 8.65 -0.01 12/10/21 0.35
Diversified Fixed Income 9.05 0.02 12/10/21 0.52
U.S. Stock 8.68 0.00 12/10/21 0.33
International Stock 8.68 0.00 12/10/21 0.38
U.S. Bond 8.82 0.02 12/10/21 0.34
Inflation Protection 9.13 0.07 12/10/21 0.42
Capital Preservation 10.1333 0.0004 12/10/21 0.312

1. Expense ratios for each of the portfolios include underlying investment expenses and plan fees.

2. Although there are no investment expenses associated with the Capital Preservation Portfolio, the yield of the underlying investment, New York Life GIA (“GIA”) is reduced by 0.10% to compensate New York Life for operating, administrative, and marketing costs. This will reduce the return of the portfolios that invest in the GIA. The interest rate (Crediting Rate) for the GIA resets every six months on January 1 and July 1. The Net Crediting Rate for the GIA is currently 1.85%.

1821-NLD-12292021