Direct Plan’s “Top Ten” Investment Options
CollegeAdvantage Direct 529 Plan offers a diverse range of investment options, from ready-made age-based portfolios, ready-made risk-based portfolios, individual investment options, and FDIC insured banking options. Wondering which ones are the most popular with Direct Plan account owners? We’ve gathered that data into a “Top Ten” list so you can see which investment options hold the largest balances of customer’s Direct Plan accounts.
Here are the 10 investment options with the highest value of assets under management (fund balances in millions, as of June 30, 2016):
- Vanguard Aggressive Age-Based Portfolio (ready-made age-based portfolio), $954.51
- Vanguard Moderate Age-Based Portfolio (ready-made age-based portfolio), $619.28
- Advantage Age-Based Portfolio (ready-made age-based portfolio), $497.52
- Vanguard 500 Index Option (individual investment option), $419.84
- Vanguard Aggressive Growth Index Portfolio (ready-made risk-based portfolio), $346.76
- Vanguard Growth Index Portfolio (ready-made risk-based portfolio), $227.20
- Vanguard Extended Market Index Option (individual investment option), $188.76
- Vanguard Wellington Option (individual investment option), $180.34
- Vanguard Moderate Growth Index Portfolio (ready-made risk-based portfolio), $164.81
- Fifth Third Savings Account (FDIC-insured bank option), $151.96
The total balance of all 24 investment options offered in the CollegeAdvantage Direct Plan as of June 30, 2016, was $4.62 billion.
CollegeAdvantage is a 529 college savings plan offered and administered by the Ohio Tuition Trust Authority, an office within the Ohio Department of Higher Education. Before investing, please read the Offering Statement and all Supplements carefully and consider risks, fees, your investment objectives, and other relevant factors, before investing. If you are not a taxpayer in the State of Ohio, you should consider whether your home state offers any state tax or other benefits for investing in its 529 Plan. Other than the Fifth Third Investment Options (Banking Options), money contributed to an Account is not a bank deposit and is not insured by the FDIC or guaranteed in any way. Except for contributions invested in Banking Options, participants assume all investment risk related to the CollegeAdvantage Direct Plan, including the potential loss of Principal. Contributions invested in Banking Options are an obligation of Fifth Third Bank and are insured by the FDIC, subject to certain limitations.
The Ohio Tuition Trust Authority does not provide investment advice. The information contained herein is informational only and should not be relied upon exclusively to make your investment decisions.
Posted on July 15, 2016