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| Age-based Portfolios |
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| The Age-Based Portfolios are based on a beneficiary's college time horizon and seek an appropriate level of investment risk for that time horizon. Organized as a "fund of funds", the Age-Based Portfolios help diversify your investment among a variety of mutual funds within the Waddell & Reed Advisors Funds family. The Age-Based Portfolios consist of: the Growth Portfolio (ages 0 through 8), the Balanced Portfolio (ages 9 through 15) and the Conservative Portfolio (ages 16 and older). Each portfolio is a series of Waddell & Reed InvestEd Portfolios, Inc., a mutual fund registered under the Investment Company Act of 1940. |
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| PORTFOLIO ANALYSIS |
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Morningstar Profile |
Quarterly
Profile |
| Balanced Portfolio |
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| Conservative Portfolio |
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| Growth Portfolio |
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| The Age-Based Portfolios are designed to invest in mutual funds with greater exposure to equity investments when the named beneficiary is between the ages of 0 through 8, a more balanced exposure to equity and fixed income investments when the named beneficiary is between the ages of 9 through 15, and a greater exposure to fixed income securities when the beneficiary reaches the age of 16 and is closer to commencing his or her postsecondary education. The balance in an InvestEd Plan account is automatically exchanged to a different Age-Based Portfolio within approximately thirty (30) days of the beneficiary's 9th and 16th birthdays. |
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| The Board of Directors of Waddell & Reed InvestEd Portfolios, Inc. (the “Fund”) has established the following target ranges for investment of each Age-Based Portfolio’s assets in specific underlying funds. The Fund’s investment manager, Waddell & Reed Investment Management Company, selects from among the available underlying funds for each portfolio within the target ranges. |
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Growth Portfolio (Ages 0 through 8) |
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The range of Growth Portfolio net assets invested in equity funds will be from 65% to 100%; correspondingly, the range of net assets invested in bond and income-producing funds will be from 35% to 0%. Within the ranges, holdings of the following underlying funds may be as follows: |
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| Underlying Fund |
Minimum |
Maximum |
Quarterly Profile |
| WRA Core Investment Fund |
0% |
60% |
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| WRA Dividend Opportunities Fund |
0% |
60% |
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| WRA Value Fund |
0% |
40% |
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| WRA International Growth Fund |
0% |
30% |
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| WRA Vanguard Fund |
0% |
30% |
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| WRA New Concepts Fund |
0% |
25% |
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| WRA Small Cap Fund |
0% |
20% |
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| WRA Bond Fund |
0% |
25% |
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| WRA Government Securities Fund |
0% |
25% |
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| WRA High Income Fund |
0% |
25% |
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| WRA Global Bond Fund |
0% |
25% |
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| WRA Cash Management |
0% |
25% |
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Balanced Portfolio (Ages 9 through 15) |
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The range of Balanced Portfolio net assets invested in equity funds will be from 40% to 80%; correspondingly, the range of net assets invested in bond and income-producing funds will be from 60% to 20%. |
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| Underlying Fund |
Minimum |
Maximum |
Quarterly Profile |
| WRA Dividend Opportunities Fund |
0% |
50% |
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| WRA Core Investment Fund |
0% |
40% |
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| WRA Value Fund |
0% |
30% |
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| WRA Bond Fund |
0% |
30% |
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| WRA Government Securities Fund |
0% |
30% |
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| WRA International Growth Fund |
0% |
25% |
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| WRA Vanguard Fund |
0% |
25% |
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| WRA High Income Fund |
0% |
25% |
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| WRA Global Bond Fund |
0% |
25% |
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| WRA New Concepts Fund |
0% |
20% |
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| WRA Cash Management |
0% |
20% |
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Conservative Portfolio (Ages 16 and older) |
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The range of Conservative Portfolio net assets invested in equity funds will be from 0% to 40%; correspondingly, the range of net assets invested in bond and income-producing funds will be from 100% to 60%. |
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| Underlying Fund |
Minimum |
Maximum |
Quarterly Profile |
| WRA Cash Management |
0% |
50% |
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| WRA Government Securities Fund |
0% |
40% |
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| WRA Core Investment Fund |
0% |
40% |
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| WRA Dividend Opportunities Fund |
0% |
40% |
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| WRA Value Fund |
0% |
30% |
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| WRA Bond Fund |
0% |
10% |
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