Asset Allocation

Each of the Alaska 529 portfolios are comprised of T. Rowe Price mutual funds. Allocations may change from time to time to meet the portfolio objectives. The neutral asset allocations depicted for these portfolios are as of April 15, 2021. For the most recent allocations, please call 1-866-277-1005 to speak with an Education Savings Specialist.

ENROLLMENT-BASED PORTFOLIOS

PORTFOLIO FOR EDUCATION TODAY

This portfolio is designed for beneficiariesThe future student designated by an account holder to receive the benefit of an account. who are already enrolled or are about to enroll in school. Emphasizing a mix of high-quality fixed income Generally-conservative government and corporate-issued bonds and other fixed instruments that have been highly rated by credit ratings agencies and are expected to have a relatively low risk of encountering financial problems and are expected to make their interest or principal payments on schedule. investments, this portfolio also maintains an approximate 20% allocation to stock Shares of ownership or equity in a company that are bought and sold in a market such as a stock exchange. Stock prices can change every time any investor buys or sells shares of the stock and may reflect the state of the company as well as the economic environment. funds with a primary focus on domestic equity.Funds that invest in stocks of companies based in the United States. There is exposure to international stocks as well. The portfolio seeks to generate income—at a time when a beneficiary may be taking distributions from an account for education expenses—while also aiming to provide portfolio growth that meets or exceeds tuition inflation. There is no guarantee the portfolio will provide adequate income, and you could experience losses near, at, or through enrollment.

 
Stocks
Bonds
FUND NEUTRAL ALLOCATION %
STOCKS  
Equity Index 500—I Class 4.95%
Blue Chip Growth—I Class 4.39%
Value—I Class  4.39%
International Stock—I Class 1.10%
International Value Equity—I Class 1.10%
Overseas Stock—I Class 1.10%
Real Assets—I Class 1.00%
U.S. Large-Cap Core—I Class 0.92%
Small-Cap Stock—I Class 0.47%
Mid-Cap Growth—I Class 0.23%
Mid-Cap Value—I Class 0.23%
Emerging Markets Discovery Stock—I Class 0.06%
Emerging Markets Stock—I Class 0.06%
BONDS  
New Income—I Class 40.00%
U.S. Limited Duration TIPS Index—I Class 40.00%
PORTFOLIO 2024

This balanced portfolio invests in both stocksShares of ownership or equity in a company that are bought and sold in a market such as a stock exchange. Stock prices can change every time any investor buys or sells shares of the stock and may reflect the state of the company as well as the economic environment. and fixed incomeA type of investment where the borrower or issuer is obliged to make payments with interest at a fixed rate on a fixed schedule. Bonds are considered to be fixed income securities. instruments, with a higher exposure to fixed income. The portfolio invests in both domestic and international equity markets. This mix of funds offers reduced exposure to equities Shares of a specific company that are available for public purchase. Equities are also referred to as stocks. while diversifying in fixed income markets to reduce the risk and volatility The range of price changes in a security within a given period of time. Volatility is often used to describe a level of risk of an investment. In most cases, the higher the volatility, the riskier the investment. typically associated with equity markets.*

 
Stocks
Bonds
FUND NEUTRAL ALLOCATION %
STOCKS  
Equity Index 500—I Class 7.75%
Blue Chip Growth—I Class 6.85%
Value—I Class 6.85%
International Stock—I Class 2.55%
International Value Equity—I Class 2.55%
Overseas Stock—I Class 2.55%
Small-Cap Stock—I Class 1.94%
Real Assets—I Class 1.85%
U.S. Large-Cap Core—I Class 1.39%
Mid-Cap Growth—I Class 0.97%
Mid-Cap Value—I Class 0.97%
Emerging Markets Stock—I Class 0.63%
Emerging Markets Discovery Stock—I Class 0.15%
BONDS  
Spectrum Income—Investor Class 27.14%
New Income—I Class 22.86%
U.S. Limited Duration TIPS Index—I Class
13.00%
PORTFOLIO 2027

This balanced portfolio invests in both stocksShares of ownership or equity in a company that are bought and sold in a market such as a stock exchange. Stock prices can change every time any investor buys or sells shares of the stock and may reflect the state of the company as well as the economic environment. and fixed income A type of investment where the borrower or issuer is obliged to make payments with interest at a fixed rate on a fixed schedule. Bonds are considered to be fixed income securities. instruments, with a higher exposure to stocks. The portfolio invests in both domestic and international equity markets. This mix of funds offers reduced exposure to equities Shares of a specific company that are available for public purchase. Equities are also referred to as stocks. while diversifying in fixed income markets to reduce the risk and volatility The range of price changes in a security within a given period of time. Volatility is often used to describe a level of risk of an investment. In most cases, the higher the volatility, the riskier the investment. typically associated with equity markets.*

 
Stocks
Bonds
FUND NEUTRAL ALLOCATION %
STOCKS  
Equity Index 500—I Class
9.50%
Blue Chip Growth—I Class
8.39%
Value—I Class
8.39%
International Stock—I Class
4.34%
International Value Equity—I Class
4.34%
Overseas Stock—I Class 4.34%
Small-Cap Stock—I Class
3.84%
Real Assets—I Class
2.69%
Emerging Markets Stock—I Class
2.03%
Mid-Cap Growth—I Class
1.97%
Mid-Cap Value—I Class
1.97%
U.S. Large-Cap Core—I Class 1.68%
Emerging Markets Discover Stock—I Class 0.27%
BONDS  
Spectrum Income—I Class
40.00%
New Income—I Class
6.25%
PORTFOLIO 2030

This portfolio seeks long-term capital appreciation An increase in the value of an investment such as a stock, bond, or mutual fund. This increase might also be referred to as "earnings." by broadly investing in equity funds focused on domestic and international equity markets, with some exposure to fixed income.A type of investment where the borrower or issuer is obliged to make payments with interest at a fixed rate on a fixed schedule. Bonds are considered to be fixed income securities. The strategy is based on the understanding that the volatility The range of price changes in a security within a given period of time. Volatility is often used to describe a level of risk of an investment. In most cases, the higher the volatility, the riskier the investment. associated with equity markets can be accompanied by the greatest potential for long-term capital appreciation.An increase in the value of an investment such as a stock, bond, or mutual fund. This increase might also be referred to as "earnings."

 
Stocks
Bonds
FUND NEUTRAL ALLOCATION %
STOCKS  
Equity Index 500—I Class 12.34%
Blue Chip Growth—I Class 10.89%
Value—I Class 10.89%
International Stock—I Class
5.63%
International Value Equity—I Class
5.63%
Overseas Stock—I Class
5.63%
Small-Cap Stock—I Class
4.99%
Real Assets—I Class 3.49%
Emerging Markets Stock—I Class
2.63%
Mid-Cap Growth—I Class
2.55%
Mid-Cap Value—I Class
2.55%
U.S. Large-Cap Core—I Class 2.18%
Emerging Markets Discovery Stock—I Class 0.35%
BONDS  
Spectrum Income—I Class
30.25%
PORTFOLIO 2033

This portfolio seeks long-term capital appreciation An increase in the value of an investment such as a stock, bond, or mutual fund. This increase might also be referred to as "earnings." by primarily investing in equity funds focused on domestic equity Funds that invest in stocks of companies based in the United States. markets, with some exposure to international equity markets, and fixed incomeA type of investment where the borrower or issuer is obliged to make payments with interest at a fixed rate on a fixed schedule. Bonds are considered to be fixed income securities.. The strategy is based on the understanding that the volatility The range of price changes in a security within a given period of time. Volatility is often used to describe a level of risk of an investment. In most cases, the higher the volatility, the riskier the investment. associated with equity markets can be accompanied by the greatest potential for long-term capital appreciation.

 
Stocks
Bonds
FUND NEUTRAL ALLOCATION %
STOCKS  
Equity Index 500—I Class 15.04%
Blue Chip Growth—I Class
13.27%
Value—I Class
13.27%
International Stock—I Class
6.87%
International Value Equity—I Class
6.86%
Overseas Stock—I Class
6.86%
Small-Cap Stock—I Class
6.08%
Real Assets—I Class
4.25%
Emerging Markets Stock—I Class 3.21%
Mid-Cap Growth—I Class 3.11%
Mid-Cap Value—I Class
3.11%
U.S. Large-Cap Core—I Class 2.65%
Emerging Markets Discovery Stock—I Class 0.42%
BONDS  
Spectrum Income—I Class 15.00%
PORTFOLIO 2036

This aggressive An investment portfolio that attempts to increase returns by holding securities with a relatively higher degree of risk. This strategy often involves allocating most holdings to stocks. equity portfolio seeks long-term capital appreciation An increase in the value of an investment such as a stock, bond, or mutual fund. This increase might also be referred to as "earnings." by broadly investing in funds primarily focused on domestic equity Funds that invest in stocks of companies based in the United States. markets, with some exposure to international equity markets. The strategy is based on the understanding that the volatility The range of price changes in a security within a given period of time. Volatility is often used to describe a level of risk of an investment. In most cases, the higher the volatility, the riskier the investment. associated with equity markets can be accompanied by the greatest potential for long-term capital appreciation.An increase in the value of an investment such as a stock, bond, or mutual fund. This increase might also be referred to as "earnings."

 
Stocks
Bonds
FUND NEUTRAL ALLOCATION %
STOCKS  
Equity Index 500—I Class 17.69%
Blue Chip Growth—I Class
15.61%
Value—I Class
15.61%
International Stock—I Class 8.08%
International Value Equity—I Class
8.07%
Overseas Stock—I Class
8.07%
Small-Cap Stock—I Class
7.15%
Real Assets—I Class
5.00%
Emerging Markets Stock—I Class
3.78%
Mid-Cap Growth—I Class
3.66%
Mid-Cap Value—I Class 3.66%
U.S. Large-Cap Core—I Class 3.12%
Emerging Markets Discovery Stock—I Class 0.50%
PORTFOLIO 2039

This aggressive An investment portfolio that attempts to increase returns by holding securities with a relatively higher degree of risk. This strategy often involves allocating most holdings to stocks. equity portfolio seeks long-term capital appreciation An increase in the value of an investment such as a stock, bond, or mutual fund. This increase might also be referred to as "earnings." by broadly investing in funds primarily focused on domestic equity Funds that invest in stocks of companies based in the United States. markets, with some exposure to international equity markets. The strategy is based on the understanding that the volatility The range of price changes in a security within a given period of time. Volatility is often used to describe a level of risk of an investment. In most cases, the higher the volatility, the riskier the investment. associated with equity markets can be accompanied by the greatest potential for long-term capital appreciation. Due to the long time horizon until expected enrollment, this portfolio will initially have the same allocations as Portfolio 2036, although its allocations will begin to shift and become more conservative An investment portfolio that attempts to preserve its capital by holding securities with a relatively lower degree of risk. This strategy often involves allocating most holdings to bonds and/or money market investments. three years later than Portfolio 2036.

 
Stocks
Bonds
FUND NEUTRAL ALLOCATION %
STOCKS  
Equity Index 500—I Class 17.69%
Blue Chip Growth—I Class 15.61%
Value—I Class
15.61%
Overseas  Stock—I Class
8.08%
International Stock—I Class
8.08%
International Value Equity—I Class
8.07%
Small-Cap Stock—I Class
7.15%
Real Assets—I Class
5.00%
Emerging Markets Stock—I Class
3.78%
Mid-Cap Growth—I Class
3.66%
Mid-Cap Value—I Class
3.66%
U.S. Large-Cap Core—I Class 3.12%
Emerging Markets Discovery Stock—I Class 0.50%
PORTFOLIO 2042

This aggressive An investment portfolio that attempts to increase returns by holding securities with a relatively higher degree of risk. This strategy often involves allocating most holdings to stocks. equity portfolio seeks long-term capital appreciation An increase in the value of an investment such as a stock, bond, or mutual fund. This increase might also be referred to as "earnings." by broadly investing in funds primarily focused on domestic equity Funds that invest in stocks of companies based in the United States. markets, with some exposure to international equity markets. The strategy is based on the understanding that the volatility The range of price changes in a security within a given period of time. Volatility is often used to describe a level of risk of an investment. In most cases, the higher the volatility, the riskier the investment. associated with equity markets can be accompanied by the greatest potential for long-term capital appreciation. Portfolio 2042 will begin to shift and become more conservative An investment portfolio that attempts to preserve its capital by holding securities with a relatively lower degree of risk. This strategy often involves allocating most holdings to bonds and/or money market investments. three years later than Portfolio 2039.

 
Stocks
Bonds
FUND NEUTRAL ALLOCATION %
STOCKS  
Blue Chip Growth—I Class 15.96%
Value—I Class 15.96%
U.S. Large-Cap Core—I Class
11.97%
Equity Index 500—I Class
9.31%
International Stock—I Class
8.07%
International Value Equity—I Class
8.07%
Overseas Stock—I Class
8.07%
Small-Cap Stock—I Class
6.65%
Real Assets—I Class
5.00%
Mid-Cap Growth—I Class
3.33%
Mid-Cap Value—I Class
3.33%
Emerging Markets Discovery Stock—I Class 2.14%
Emerging Markets Stock—I Class 2.14%

STATIC PORTFOLIOS

EQUITY PORTFOLIO

Emphasizing long-term capital appreciation, An increase in the value of an investment such as a stock, bond, or mutual fund. This increase might also be referred to as "earnings." this all-equity portfolio invests in a broad range of funds focused on domestic equity Funds that invest in stocks of companies based in the United States. markets, with some exposure to international equity markets. It is designed for account holders who want a broadly diversified portfolio of primarily actively managed mutual funds A company that combines the money of many investors into a professionally managed portfolio of stocks, bonds, and/or other securities. Each investor shares in the gain or loss of earnings in the mutual fund. that does not become more conservative An investment portfolio that attempts to preserve its capital by holding securities with a relatively lower degree of risk. This strategy often involves allocating most holdings to bonds and/or money market investments. over time.* Because this portfolio invests in many underlying funds, it will have partial exposure to the risks of different areas of the market. This strategy is based on the understanding that the volatility The range of price changes in a security within a given period of time. Volatility is often used to describe a level of risk of an investment. In most cases, the higher the volatility, the riskier the investment. associated with equity markets can be accompanied by the greatest potential for long-term capital appreciation.

 
 
Stocks
Bonds
Money Market
FUND NEUTRAL ALLOCATION %
STOCKS  
Equity Index 500—I Class 17.69%
Blue Chip Growth—I Class 15.61%
Value—I Class
15.61%
Overseas Stock—I Class
8.08%
International Value Equity—I Class 8.07%
International Stock—I Class
8.07%
Small-Cap Stock—I Class 7.15%
Real Assets—I Class 5.00%
Emerging Markets Stock—I Class
3.78%
Mid-Cap Growth—I Class 3.66%
Mid-Cap Value—I Class
3.66%
U.S. Large-Cap Core—I Class 3.12%
Emerging Markets Discovery Stock—I Class 0.50%
TOTAL EQUITY MARKET INDEX PORTFOLIO

The Total Equity Market Index Porfolio seeks to approximate the performance of a benchmarkA specified comparison used to evaluate the investment return, risk, and asset allocation of a portfolio. index that measures the investment return of U.S. stocksShares of ownership or equity in a company that are bought and sold in a market such as a stock exchange. Stock prices can change every time any investor buys or sells shares of the stock and may reflect the state of the company as well as the economic environment.. The portfolio invests in the Small-Cap Index Fund—I Class, Mid-Cap Index Fund—I Class, and Equity Index 500—I Class. Index investingA type of mutual fund that is designed with the goal of replicating a particular hypothetical portfolio of stocks or bonds representing some defined area of the financial market. can provide a convenient and relatively low cost way to approximate the performance of a particular market.

 
 
Stocks
Bonds
Money Market
FUND NEUTRAL ALLOCATION %
STOCKS  
Equity Index—I Class 80.00%
Mid-Cap Index—I Class 10.00%
Small-Cap Index—I Class 10.00%
GLOBAL IMPACT EQUITY PORTFOLIO

This portfolio invests exclusively in the T. Rowe Price Global Impact Equity Fund. The Global Impact Equity Fund seeks long-term growth of capital.

 

In pursuing its investment objective, the fund seeks to generate a positive, measurable environmental and/or social impactHave a positive impact on the global environment and/or social equity issues. with the potential to outperform its benchmarkA specified comparison used to evaluate the investment return, risk, and asset allocation of a portfolio. index. The fund selects companies for its portfolio using the fund manager's in-house proprietary screening process. This screening process relies on the fund's manager's independent analysis of each issuer. The fund seeks to select companies for its portfolio that are, in the opinion of the fund's manager, capable of achieving and sustaining above-average, long-term earnings and cash flow growthAn increase in the inflow of cash from a company’s business operations., and that are capable of generating a positive impact under one of the following three impact pillars: climate and resource impact, social equity and quality of life, and/or sustainable innovation and productivity.

 

The materiality of positive impact is assessed according to specific, in-house metrics for every business activity that aligns to one of the three impact pillars. Companies must meet one of the following four criteria: (1) a majority of current or future profits tied to at least one impact pillar; (2) a majority of expected revenues or profits in 10-years tied to at least one impact pillar, as projected by the fund’s portfolio manager; (3) best-in-class companies where a company is a leader in generating material social or environmental impact in its respective business activity or sector; and (4) occasionally, unique impact situations where a company has made or is expected to make a material social or environmental impact outside the scope of its otherwise normal business activities.

 

Under normal conditions, at least 80% of the fund’s net assets (including any borrowings for investment purposes) will be invested in equity securities and at least 40% of the fund’s net assets will be invested in companies outside the U.S. (at least 30% if foreign market conditions are not favorable). Equity securities may include common stocksShares of ownership or equity in a company that are bought and sold in a market such as a stock exchange. Stock prices can change every time any investor buys or sells shares of the stock and may reflect the state of the company as well as the economic environment., preferred stocks, or convertible securities. In addition, for purposes of these policies, the fund’s investments include instruments that are linked to, or provide exposure to, equitiesShares of a specific company that are available for public purchase. Equities are also referred to as stocks. or companies outside of the U.S., such as depositary receiptsA certificate issued in the United States but represents shares of foreign companies.. The fund may invest in issuers of any market capitalizationA way to categorize companies as being large, mid-sized or small based on their overall market values. and in securities offerings that are not registered in the U.S. or denominated in the U.S. dollar. The fund may invest in issuers in emerging markets.

 
 
Stocks
Bonds
Money Market
FUND NEUTRAL ALLOCATION %
STOCKS  
Global Impact Equity—I Class
100.00%
FIXED INCOME PORTFOLIO

This portfolio's primary objective is to seek a high level of current income with moderate price fluctuations by investing exclusively in the T. Rowe Price Spectrum Income Fund, which invests in a diversified group of other T. Rowe Price mutual fundsA company that combines the money of many investors into a professionally managed portfolio of stocks, bonds, and/or other securities. Each investor shares in the gain or loss of earnings in the mutual fund..* The fund, which invests in a variety of domestic and international bondAn investment in which an investor loans money to an entity such as a corporation or government. The entity borrows the funds for a defined period of time and repays the loaned amount along with the predetermined interest. funds, a money market fund, A mutual fund that invests in highly liquid, short-term instruments such as U.S. Treasuries. and an income-oriented stockShares of ownership or equity in a company that are bought and sold in a market such as a stock exchange. Stock prices can change every time any investor buys or sells shares of the stock and may reflect the state of the company as well as the economic environment. fund, seeks to maintain broad exposure to several markets in an attempt to reduce the impact of declining markets and to benefit from good performance in particular market segments over time. The strategy is based on a lower-risk investment approach that seeks to conserve principal and generate a reasonable level of return while minimizing the risks associated with equity markets.

 
 
Stocks
Bonds
Money Market
FUND NEUTRAL ALLOCATION %
BONDS  
Spectrum Income—I Class
100.00%
BALANCED PORTFOLIO

This moderately aggressive An investment portfolio that attempts to increase returns by holding securities with a relatively higher degree of risk. This strategy often involves allocating most holdings to stocks. portfolio focuses on a mix of approximately 60% of its holdings invested in stocksShares of ownership or equity in a company that are bought and sold in a market such as a stock exchange. Stock prices can change every time any investor buys or sells shares of the stock and may reflect the state of the company as well as the economic environment., including some exposure to international stocks, while seeking diversification through approximately 40% of its holdings allocated to fixed incomeA type of investment where the borrower or issuer is obliged to make payments with interest at a fixed rate on a fixed schedule. Bonds are considered to be fixed income securities.. This strategy is based on accepting the risks associated with stocks, which have the potential to provide high returns, and seeking to balance the effects of volatility The range of price changes in a security within a given period of time. Volatility is often used to describe a level of risk of an investment. In most cases, the higher the volatility, the riskier the investment. through diversification in fixed income securities.*

 
 
Stocks
Bonds
Money Market
FUND NEUTRAL ALLOCATION %
STOCKS  
Equity Index 500—I Class 10.62%
Blue Chip Growth—I Class
9.37%
Value—I Class
9.37%
Overseas Stock—I Class 4.85%
International Stock—I Class 4.84%
International Value Equity—I Class
4.84%
Small-Cap Stock—I Class
4.29%
Real Assets—I Class
3.00%
Emerging Markets Stock—I Class 2.27%
Mid-Cap Growth—I Class
2.19%
Mid-Cap Value—I Class
2.19%
U.S. Large-Cap Core—I Class 1.87%
Emerging Markets Discovery Stock—I Class 0.30%
BONDS  
Spectrum Income—I Class 40.00%
MONEY MARKET PORTFOLIO

This portfolio invests exclusively in the T. Rowe Price U.S. Treasury Money Fund, which is a money market fundA mutual fund that invests in highly liquid, short-term instruments such as U.S. Treasuries. managed to provide a stable share price of $1.00 by investing in short-term, high-quality securities backed by the U.S. government and repurchase agreements thereon. This portfolio is designed for account holders who are conservative An investment portfolio that attempts to preserve its capital by holding securities with a relatively lower degree of risk. This strategy often involves allocating most holdings to bonds and/or money market investments. investors or have a beneficiary The future student designated by an account holder to receive the benefit of an account. nearing enrollment.

You could lose money by investing in this portfolio. Although the money market fund in which this portfolio invests seeks to preserve its value at $1.00 per share, the underlying money market fund cannot guarantee that it will do so. An investment in this portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The underlying money market 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 money market fund at any time.

 
 
Stocks
Bonds
Money Market
FUND NEUTRAL ALLOCATION %
MONEY MARKET  
U.S. Treasury Money—I Class
100.00%

UNIVERSITY OF ALASKA PORTFOLIO

UNIVERSITY OF ALASKA PORTFOLIO

The University of Alaska Portfolio is a balanced portfolio with a mix of approximately 40% stockShares of ownership or equity in a company that are bought and sold in a market such as a stock exchange. Stock prices can change every time any investor buys or sells shares of the stock and may reflect the state of the company as well as the economic environment. funds and 60% fixed incomeA type of investment where the borrower or issuer is obliged to make payments with interest at a fixed rate on a fixed schedule. Bonds are considered to be fixed income securities. funds. Like all Alaska 529 portfolios, it is professionally managed by T. Rowe Price. This portfolio is an option if you seek a balanced, low-cost approach to investing.

 

The University of Alaska Portfolio offers the Alaska 529 tuition-value guarantee,** which allows you to purchase UA tuition credits now for future use. Your portfolio contributions are tracked and reported to you in both their monetary and corresponding UA tuition credit values. With this guarantee, you do not need to face the uncertainty of predicting future UA tuition, and it ensures that your child’s tuition costs will be covered regardless of future tuition increases. If your child attends a school other than UA , you can still take advantage of the full monetary value of your account.

 

Since the University of Alaska Portfolio locks in the current tuition value at the University of Alaska, it can be a good choice if you believe your child may attend UA. However, this investment option can be used to save for virtually any college in the country if you choose.

FUND NEUTRAL ALLOCATION %
STOCKS  
Equity Index 500—I Class
      24 - 42%
Mid-Cap Index—I Class 0 - 15%
Small-Cap Index—I Class 0 - 15%
BONDS  
QM U.S. Bond Index—I Class
15 - 65%
U.S. Limited Duration TIPS Index—I Class 0 - 40%
MONEY MARKET  
U.S. Treasury Money—I Class 0 - 10%