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Ohio’s Direct 529 Plan Lists Its “Top 10”

Congratulations on taking the first step to start saving for your child’s college costs by opening a 529 plan! Ohio’s 529 Plan, CollegeAdvantage, has tools and calculators to help you shape the college savings plan that right for your family’s needs. CollegeAdvantage Direct 529 Plan offers a diverse range of investment options from which you can create your college-savings strategy. These 529 saving options include ready-made age-based portfolios, ready-made risk-based portfolios, individual investment options, and FDIC-insured banking options, all provided from our partners and leading investment managers — Vanguard, Dimensional Fund Advisors, and Fifth Third Bank.

Would you like to know which investment options other Direct Plan account owners have selected? We’ve created a “Top 10” list to show which portfolios hold the largest balances of customer’s Direct Plan accounts.

Top 10 investments options in Ohio’s 529 Plan

The top 10 investment options with the highest value of assets under management (fund balances in millions, as of Sept. 30, 2017) are:

  1. Vanguard Aggressive Age-Based Portfolio (ready-made age-based portfolio), $1,155.75
  2. Vanguard Moderate Age-Based Portfolio (ready-made age-based portfolio), $704.40
  3. Advantage Age-Based Portfolio (ready-made age-based portfolio), $598.27
  4. Vanguard 500 Index Option (individual investment option), $528.98
  5. Vanguard Aggressive Growth Index Portfolio (ready-made risk-based portfolio), $428.09
  6. Vanguard Growth Index Portfolio (ready-made risk-based portfolio), $259.40
  7. Vanguard Extended Market Index Option (individual investment option), $229.19
  8. Vanguard Wellington Option (individual investment option), $219.58
  9. Vanguard Moderate Growth Index Portfolio (ready-made risk-based portfolio), $185.44
  10. Fifth Third Savings Account (FDIC-insured bank option), $150.69

The total balance of the 24 investment options offered in the CollegeAdvantage Direct Plan as of Sept. 30, 2017, was $5.48 billion, an increase of 15.4% over the prior year (Sept. 30, 2016).

CollegeAdvantage is your plan, your way. If you’re ready to start saving for your child’s future college expenses, go online to open an account. If you already have a 529 plan, it might be time to re-examine your college-savings goals, perform account maintenance, or make an asset exchange. And remember: A 529 college savings plan is an excellent alternative to student loan debt.

Please Note:

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.

Posted on November 3, 2017

Ohio Tuition Trust Authority

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