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Target Fixed Income Fund

//Target Fixed Income Fund
Target Fixed Income Fund2016-11-08T10:44:06+00:00

Portfolio Objectives

The Fixed Income Fund is the most conservative of the target portfolios and seeks to preserve principal with less volatility than an all-bond portfolio while providing modest current income by investing approximately 50% of its net assets in money market investment funds and 50% in fixed income investment funds.

Target Fixed Income Fund

Asset Allocation

Fund Percent
Money Market
Vanguard Prime Money Market Fund 50%
Fixed Income
Vanguard Total Bond Market Index Fund 15%
Vanguard Short‐Term Inflation‐Protected Securities Index Fund 15%
Vanguard Short‐Term Bond Index Fund 20%

Portfolio Performance

As of November 30, 2018

PortfolioYTD3 Mo1yr3yr5yrLTDExp. RatioInception Date
Target Fixed Income Fund0.56%0.09%0.65%0.81%0.60%0.97%0.32%8/2/10

Fund Performance3

As of 6/30/2018

Fixed Income FundsExpense RatioTickerQTRYTD1yr3yr5yr10yr or Life of FundInception Date
Vanguard Total Bond Market Index Fund
Fact Sheet, Prospectus, Annual Report		0.05%VBTIX0.41%3.57%3.57%2.19%2.03%3.97%8/2/10
Vanguard Short-Term Inflation-Protected Securities Index Fund
Fact Sheet, Prospectus, Annual Report		0.05%VTSPX0.53%0.73%1.36%1.10%0.67%0.24%9/26/13
Vanguard Short-Term Bond Index Fund
Fact Sheet, Prospectus, Annual Report		0.06%VBITX0.20%-0.31%-0.21%0.79%1.07%1.09%9/26/13
Money Market FundExpense RatioTickerQTRYTD1yr3yr5yr10yr or Life of FundInception Date
Vanguard Prime Money Market Fund*
Fact Sheet, Prospectus, Annual Report		0.10%VMRXX0.48%0.87%1.49%0.86%0.54%0.51%8/2/10


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Offered by the State of Alabama Union Bank and Trust logo


Past performance is not necessarily an indication of future performance. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may be lower or higher than the performance data above. In addition, the performance information set forth above in the "Fund Performance" section does not reflect the charges assessed by the Program. If it did, the annual total returns would be lower.

*You could lose money by investing in this investment option. Although the money market fund in which your investment option invests (the “underlying fund”) seeks to preserve its value at $1.00 per share, the underlying fund cannot guarantee it will do so. An investment in this investment option is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The underlying fund’s sponsor has no legal obligation to provide financial support to the underlying fund, and you should not expect that the sponsor will provide financial support to the underlying fund at any time.

†Performance information is for the life of the fund for funds with less than 10 years of performance history.

1 Performance information is current as of the referenced timeframe and is net of the 0.25% program management fee the Plan imposes.

2 Expense ratio information is the total annual fund operating expenses for the investment funds that make up each Portfolio based on the weighted average of the expenses of each underlying fund, expense ratios are as of the most recent Program Disclosure Statement dated June 29, 2018. Expense ratio information is historic, and the actual expenses of the underlying funds may be different.

3 Underlying fund performance information is current as of the end of the most recent calendar quarter and has been obtained from sources that are believed to be reliable, including the underlying fund companies. The CollegeCounts 529 Fund has not independently verified the performance information set forth above in the "Fund Performance" section.

Investors in the CollegeCounts 529 Fund do not own shares of the underlying mutual funds directly, but rather own shares of a Portfolio in CollegeCounts.

The CollegeCounts 529 Fund is a qualified tuition program under Section 529 of the Internal Revenue Code that is offered by the State of Alabama, administered by the Board of Trustees of the ACES Trust Fund (the “Trust” and plan issuer), marketed as the CollegeCounts 529 Fund, and Union Bank & Trust Company serves as Program Manager. Accounts and investments under the CollegeCounts 529 Fund are not insured or guaranteed by the FDIC, the State of Alabama, the State of Alabama Treasurer, the Board, the Trust, the Program, Union Bank & Trust Company, or any other entity. Investment returns are not guaranteed, and you could lose money by investing in the Plan.

An investor should consider the investment objectives, risks, and charges and expenses associated with municipal fund securities before investing. This and other important information is contained in the fund prospectuses and the CollegeCounts 529 Fund Program Disclosure Statement (issuer’s official statement), which can be obtained by calling 866.529.2228 and at CollegeCounts529.com and should be read carefully before investing. You can lose money by investing in a portfolio. Each of the portfolios involves investment risks, which are described in the Program Disclosure Statement.

An investor should consider, before investing, whether the investor’s or designated beneficiary’s home state offers any state tax or other benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s 529 plan. Investors should consult a tax advisor.

Not FDIC Insured. No Bank Guarantee. May Lose Value.