Investment Pools

The Program’s investment pools are composed of mutual funds managed by T. Rowe Price, a world-class investment manager focused on delivering strong returns over time. The investment objectives of the six pools range from capital preservation to aggressive growth. All pools are subject to market risk, including possible loss of principal.

Download Pool Performance

Investment Pools:

Gift Preservation
Diversified Income
Balanced Income
Moderate Growth
Growth
Global Equity
Total Equity
International Equity Index
International Equity

Gift Preservation Pool

Seeks the preservation of capital and an attractive level of income consistent with minimal fluctuation in principal value and liquidity through a mix of a short-term bond fund and a government money market fund. The value of the pool and its yield will vary with interest rate changes and other market conditions.

75% Short Term Bond Fund – I Class
25% US Treasury Money Fund

Gift Preservation Pool

Seeks the preservation of capital and an attractive level of income consistent with minimal fluctuation in principal value and liquidity through a mix of a...

75% Short Term Bond Fund – I Class
25% US Treasury Money Fund

Diversified Income Pool

Provides a higher income-oriented option than the Gift Preservation Pool with some  capital appreciation potential through a 60%/40% fixed income/equity allocation. The pool primarily invests in funds that hold fixed income instruments and income-oriented stocks paying high dividends.

60% Spectrum Income Fund – I Class
19% Equity Income Fund – I Class
19% Balanced Fund – I Class
2% Real Assets Fund – I Class

Diversified Income Pool

Provides a higher income-oriented option than the Gift Preservation Pool with some capital appreciation potential through a 60%/40% fixed income/equity...

60% Spectrum Income Fund – I Class
19% Equity Income Fund – I Class
19% Balanced Fund – I Class
2% Real Assets Fund – I Class

Balanced Index Pool

Uses a passive investment approach to provide a combination of moderate income, some long-term growth potential, and access to foreign markets. It also benefits from the lower fees inherent in a passive investment approach.

40% US Bond Index Fund
29.9% Equity Index 500 – I Class
17.1% International Equity Index Fund
10% External Equity Market Index Fund
3% Real Assets Fund – I Class

Balanced Index Pool

Uses a passive investment approach to provide a combination of moderate income, some long-term growth potential, and access to foreign markets...

40% US Bond Index Fund
29.9% Equity Index 500 – I Class
17.1% International Equity Index Fund
10% External Equity Market Index Fund
3% Real Assets Fund – I Class

Moderate Growth Pool

Combines a mix of both domestic and international stocks while seeking diversification through holdings in a well-balanced bond fund.¹ The pool manages volatility through a combination of stock funds that have the potential for gaining high returns in domestic and international equity and bond markets.

30% Spectrum Income Fund
15.2% Growth Stock Fund - I Class
15.2% Equity Income Fund - I Class
8.55% Int’l Stock Fund - I Class
8.55% Int’l Value Equity Fund - I Class
5.45% Equity Index 500 Fund - I Class
5% Small-Cap Stock Fund - I Class
2.85% Emerging Markets Stock  Fund - I Class
3.5% Real Assets Fund - I Class
2.85% Mid-Cap Growth Fund - I Class
2.85% Mid-Cap Value Fund - I Class

Moderate Growth Pool

Combines a mix of both domestic and international stocks while seeking diversification through holdings in a well-balanced bond fund.¹ The pool manages...

30% Spectrum Income Fund
15.2% Growth Stock Fund - I Class
15.2% Equity Income Fund - I Class
8.55% Int’l Stock Fund - I Class
8.55% Int’l Value Equity Fund - I Class
5.45% Equity Index 500 Fund - I Class
5% Small-Cap Stock Fund - I Class
2.85% Emerging Markets Stock  Fund - I Class
3.5% Real Assets Fund - I Class
2.85% Mid-Cap Growth Fund - I Class
2.85% Mid-Cap Value Fund - I Class

Growth Pool

Seeks long-term capital appreciation by broadly investing in mutual funds focused on both domestic and international equity markets.¹ This pool's strategy is based on the understanding that the volatility associated with equity markets also offers the greatest potential for long-term capital appreciation.

20.45% Growth Stock Fund - I Class
20.45% Equity Income Fund - I Class
12.1% Int’l Stock Fund - I Class
12.1% Int’l Value Equity Fund - I Class
10.2% Equity Index 500 Fund - I Class
7.35% Small-Cap Stock Fund - I Class
5% Real Assets Fund - I Class
4.25% Emerging Markets Stock  Fund - I Class
4.05% Mid-Cap Growth Fund - I Class
4.05% Mid-Cap Value Fund - I Class

Growth Pool

Seeks long-term capital appreciation by broadly investing in mutual funds focused on both domestic and international equity markets.¹ This pool's...

20.45% Growth Stock Fund - I Class
20.45% Equity Income Fund - I Class
12.1% Int’l Stock Fund - I Class
12.1% Int’l Value Equity Fund - I Class
10.2% Equity Index 500 Fund - I Class
7.35% Small-Cap Stock Fund - I Class
5% Real Assets Fund - I Class
4.25% Emerging Markets Stock  Fund - I Class
4.05% Mid-Cap Growth Fund - I Class
4.05% Mid-Cap Value Fund - I Class

Global Equity Pool

Focuses heavily on developed and emerging markets around the globe to pursue long-term capital growth. Invests in mutual funds that seek to identify established and emerging companies with solid prospects. The pool takes a flexible approach—it invests in domestic and international equity markets, looking for growth and value stocks across all market capitalizations. International investing is subject to unique risks, including risks associated with unfavorable currency exchange rates and political or economic uncertainty abroad.

22.3% Global Stock Fund - I Class
12.35% Int’l Value Equity Fund - I Class
16.6% International Equity Index Fund
14.5% Equity Index 500 Fund - I Class
9.95% Emerging Markets Stock  Fund - I Class
11.15% Value Fund - I Class
5% Real Assets Fund - I Class
3.35% Small-Cap Stock Fund - I Class
2.4% Mid-Cap Growth Fund - I Class
2.4% Mid-Cap Value Fund - I Class

Global Equity Pool

Focuses heavily on developed and emerging markets around the globe to pursue long-term capital growth. Invests in mutual funds that seek to identify...

22.3% Global Stock Fund - I Class
12.35% Int’l Value Equity Fund - I Class
16.6% International Equity Index Fund
14.5% Equity Index 500 Fund - I Class
9.95% Emerging Markets Stock  Fund - I Class
11.15% Value Fund - I Class
5% Real Assets Fund - I Class
3.35% Small-Cap Stock Fund - I Class
2.4% Mid-Cap Growth Fund - I Class
2.4% Mid-Cap Value Fund - I Class

Total Equity Market Index Pool

Seeks to match the performance of the entire U.S. stock market by investing substantially in a broad spectrum of small-, mid-, and large-cap stocks representative of the S&P Total Market Index.

100% Total Equity Market Index Fund

Total Equity Market Index Pool

Seeks to match the performance of the entire U.S. stock market by investing substantially in a broad spectrum of small-, mid-, and large-cap stocks representative of the S&P Total Market Index.

100% Total Equity Market Index Fund

International Equity Index Pool

Provides long-term capital growth by seeking to match the performance of the FTSE All World Developed ex North America Index, an equity market index based on the market capitalization of over 1,000 predominately large companies listed in Japan, the U.K., and developed countries in Continental Europe and the Pacific Rim.

100% International Equity Index Fund

International Equity Index Pool

100% International Equity Index Fund

International Equity Pool

Seeks long-term capital appreciation by investing in an allocation across a broad spectrum of stock and, to a lesser degree, bond funds that have holdings in a range of developed and emerging market countries, and in both large and small companies.

100% Spectrum International Fund

International Equity Pool

100% Spectrum International Fund