Connecticut Higher Education Trust (CHET) Connecticut State Treasurer

Single-Fund Investment Options

You may want to consider this Investment if you’re looking to take a more focused approach to investing.

Sometimes, you might want investment options that are highly focused. Maybe you’re looking to choose socially responsible investments, so you want a fixed class that reflects your values. Perhaps you want to choose investment types that give you more control over the underlying funds.

Single-fund options may offer a range of investment types suitable for a variety of risk profiles. Some investment options or options include index and actively managed choices. Index funds are designed to track a benchmark index. Active management, by contrast, is managed by a person using research, forecasts, and their own experience to make investment decisions.

Whatever your choice, the Single-Fund Investment Option might be an investment path you wish to explore.

Changing Your Investments

Once you invest in a particular investment option, you can transfer contributions and any earnings to another investment option up to twice per calendar year or upon a transfer of funds to a CHET account for a different beneficiary.

Periodically Review Your Investments

It’s a good idea to periodically re-evaluate your investment strategy as your goals, investment horizon, and personal situation change — for example, annually at tax time, on a yearly basis if your income changes, or upon the birth of another child.


How Single-Fund Investment Options Work

These investment options are each invested solely in shares of a single Underlying Fund. For those investment options invested in an Underlying Fund, their performance is entirely reliant on the performance of that Underlying Fund and may be more volatile than the age-based investment options or the multi-fund investment options. You should be aware that participants do not own shares of the underlying funds directly. Each of the single fund investment options is described in more detail below.

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Single-Fund Investment Options
Single-Fund Investment Options
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GLOBAL TACTICAL
ASSET ALLOCATION
OPTION

(Risk Level — Aggressive)

Investment Objective. This Investment Option seeks a favorable long-term total return.

Investment Strategy. This Investment Option invests 100% of its assets in an actively-managed mutual fund structured as a fund of funds that invests in various asset classes pursuant to a forecast of risk and return as calculated by the fund’s investment adviser. The mutual fund in which this Investment Option is invested is GMO Benchmark-Free Allocation Series Fund. + X

INDEX FIXED-INCOME OPTION

(Risk Level — Moderate)

Investment Objective. This Investment Option seeks a favorable long-term return, mainly from current income.

Investment Strategy. This Investment Option invests 100% of its assets in an index fund that primarily invests in debt securities. The mutual fund in which this Investment Option is invested is TIAA-CREF Bond Index Fund.

  100.00%Bonds
+ X

INTERNATIONAL EQUITY
INDEX OPTION

(Risk Level — Aggressive)

Investment Objective. This Investment Option seeks a favorable long-term total return, mainly through capital appreciation.

Investment Strategy. This Investment Option invests 100% of its assets in an index fund that primarily invests in equity securities of foreign issuers. The mutual fund in which this Investment Option is invested is TIAA-CREF International Equity Index Fund.

  100%International Equities
+ X

MONEY MARKET

(Risk Level — Conservative)

Investment Objective. This Investment Option seeks to provide current income consistent with the preservation of capital.

Investment Strategy. This Investment Option invests 100% of its assets in a money market mutual fund. The mutual fund in which this Investment Option is invested is TIAA-CREF Money Market Fund.

  100.00%Money Market
+ X

SOCIAL CHOICE

(Risk Level — Aggressive)

Investment Objective. This Investment Option seeks to provide a favorable long-term total return while giving special consideration to certain environmental, social and governance criteria.

Investment Strategy. This Investment Option invests 100% of its assets in one actively-managed mutual fund that invests primarily in equity securities. The mutual fund in which this Investment Option is invested is TIAA-CREF Social Choice Equity Fund.

100.00%Equities
+ X

U.S. EQUITY
INDEX OPTION

(Risk Level — Aggressive)

Investment Objective. This Investment Option seeks to provide a favorable long-term total return, mainly through capital appreciation.

Investment Strategy. This Investment Option invests 100% its assets in an index fund that primarily invests in equity securities of U.S. companies. The mutual fund in which this Investment Option is invested is TIAA-CREF Equity Index Fund.

  100.00%Domestic Equities
+ X

Single-Fund Investment Options


Single-Fund Investment Options
INVESTMENT OPTION NAME ALLOCATION INVESTMENT OPTION OBJECTIVE
GLOBAL
TACTICAL
ASSET
ALLOCATION
OPTION
(Risk Level — Aggressive)

Investment Objective. This Investment Option seeks a favorable long-term total return.

Investment Strategy.This Investment Option invests 100% of its assets in an actively-managed mutual fund structured as a fund of funds that invests in various asset classes pursuant to a forecast of risk and return as calculated by the fund’s investment adviser. The mutual fund in which this Investment Option is invested is GMO Benchmark-Free Allocation Series Fund.

Read More X
INDEX FIXED-
INCOME OPTION
(Risk Level — Moderate)

Investment Objective. This Investment Option seeks a favorable long-term return, mainly from current income.

Investment Strategy. This Investment Option invests 100% of its assets in an index fund that primarily invests in debt securities. The mutual fund in which this Investment Option is invested is TIAA-CREF Bond Index Fund.

  100.00%Bonds
Read More X
INTERNATIONAL
EQUITY
INDEX OPTION
(Risk Level — Aggressive)

Investment Objective. This Investment Option seeks a favorable long-term total return, mainly through capital appreciation.

Investment Strategy. This Investment Option invests 100% of its assets in an index fund that primarily invests in equity securities of foreign issuers. The mutual fund in which this Investment Option is invested is TIAA-CREF International Equity Index Fund.

  100%International Equities
Read More X

MONEY MARKET
(Risk Level — Conservative)

Investment Objective. This Investment Option seeks to provide current income consistent with the preservation of capital.

Investment Strategy. This Investment Option invests 100% of its assets in a money market mutual fund. The mutual fund in which this Investment Option is invested is TIAA-CREF Money Market Fund.

  100.00%Money Market
Read More X
SOCIAL CHOICE
(Risk Level — Aggressive)

Investment Objective. This Investment Option seeks to provide a favorable long-term total return while giving special consideration to certain environmental, social and governance criteria.

Investment Strategy. This Investment Option invests 100% of its assets in one actively-managed mutual fund that invests primarily in equity securities. The mutual fund in which this Investment Option is invested is TIAA-CREF Social Choice Equity Fund.

100.00%Equities
Read More X
U.S. EQUITY
INDEX OPTION
(Risk Level — Aggressive)

Investment Objective. This Investment Option seeks to provide a favorable long-term total return, mainly through capital appreciation.

Investment Strategy. This Investment Option invests 100% its assets in an index fund that primarily invests in equity securities of U.S. companies. The mutual fund in which this Investment Option is invested is TIAA-CREF Equity Index Fund.

  100.00%Domestic Equities
Read More X

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