Union Bank & Trust Company succeeded Oppenheimer Funds, Inc. as program manager of the Bright Start College Savings Program in July 2017. The Illinois direct-sold Plan features three age-based options using either a multi-firm or index-based strategy, three target portfolios, three index target portfolios, individual fund portfolios from a number of fund families and an FDIC-insured option.
- Program typeSavings
- Inception2000, but substantially changed in July 2007 and again in July 2017.
- State agencyIllinois State Treasurer
- Tax deduction
- Program ManagerUnion Bank & Trust Company
- Program distributorUnion Bank & Trust Company
Investment Options
Investors in Bright Start Direct-Sold College Savings Program can select from the following investment options. Click on a portfolio name for more information.
Sometimes referred to as the enrollment-based option, this is an investment approach where your asset allocation is programmed to change over time. Accounts for young beneficiaries are invested aggressively and accounts for beneficiaries with college right around the corner are invested much more conservatively. In some 529 plans, the age-based option operates by automatically transferring your investment from one static portfolio to another at certain points in time. Others utilize lifecycle funds or employ lifecycle-type tactics within the portfolio containing your investment so that it is not necessary to transfer your investment between portfolios.
| Portfolio | E.R. | %Â Equity | 1YR Performance |
|---|---|---|---|
| Multi-Firm Aggressive Age Based 0-2 Years Portfolio | 0.4% | 93% | 21.33% |
| Multi-Firm Aggressive Age Based 3-5 Years Portfolio | 0.38% | 87% | 19.94% |
| Multi-Firm Aggressive Age Based 6-8 Years Portfolio | 0.38% | 78% | 18.84% |
| Multi-Firm Aggressive Age Based 9-10 Years Portfolio | 0.38% | 69% | 17.32% |
| Multi-Firm Aggressive Age Based 11-12 Years Portfolio | 0.38% | 66% | 15.78% |
| Multi-Firm Aggressive Age Based 13-14 Years Portfolio | 0.38% | 61% | 14.25% |
| Multi-Firm Aggressive Age Based 15-16 Years Portfolio | 0.36% | 60% | 12.82% |
| Multi-Firm Aggressive Age Based 17-18 Years Portfolio | 0.33% | 61% | 11.05% |
| Multi-Firm Aggressive Age Based 19 and over Years Portfolio | 0.3% | 63% | 9.37% |
| Index Aggressive Age Based 0-2 Years Portfolio | 0.11% | 93% | 21.22% |
| Index Aggressive Age Based 3-5 Years Portfolio | 0.11% | 87% | 19.69% |
| Index Aggressive Age Based 6-8 Years Portfolio | 0.11% | 78% | 18.49% |
| Index Aggressive Age Based 9-10 Years Portfolio | 0.12% | 69% | 17.03% |
| Index Aggressive Age Based 11-12 Years Portfolio | 0.12% | 66% | 15.41% |
| Index Aggressive Age Based 13-14 Years Portfolio | 0.12% | 61% | 13.89% |
| Index Aggressive Age Based 15-16 Years Portfolio | 0.12% | 60% | 12.37% |
| Index Aggressive Age Based 17-18 Years Portfolio | 0.11% | 61% | 10.75% |
| Index Aggressive Age Based 19 and over Years Portfolio | 0.11% | 63% | 9% |
| Multi-Firm Moderate Age Based 0-2 Years Portfolio | 0.4% | 87% | 19.94% |
| Multi-Firm Moderate Age Based 3-5 Years Portfolio | 0.38% | 78% | 18.84% |
| Multi-Firm Moderate Age Based 6-8 Years Portfolio | 0.4% | 69% | 17.32% |
| Multi-Firm Moderate Age Based 9-10 Years Portfolio | 0.38% | 66% | 15.78% |
| Multi-Firm Moderate Age Based 11-12 Years Portfolio | 0.38% | 61% | 14.25% |
| Multi-Firm Moderate Age Based 13-14 Years Portfolio | 0.36% | 60% | 12.82% |
| Multi-Firm Moderate Age Based 15-16 Years Portfolio | 0.33% | 61% | 11.05% |
| Multi-Firm Moderate Age Based 17-18 Years Portfolio | 0.3% | 63% | 9.37% |
| Multi-Firm Moderate Age Based 19 and over Years Portfolio | 0.24% | 68% | 7.39% |
| Index Moderate Age Based 0-2 Years Portfolio | 0.11% | 87% | 19.69% |
| Index Moderate Age Based 3-5 Years Portfolio | 0.11% | 78% | 18.49% |
| Index Moderate Age Based 6-8 Years Portfolio | 0.12% | 69% | 17.03% |
| Index Moderate Age Based 9-10 Years Portfolio | 0.12% | 66% | 15.41% |
| Index Moderate Age Based 11-12 Years Portfolio | 0.12% | 61% | 13.89% |
| Index Moderate Age Based 13-14 Years Portfolio | 0.12% | 60% | 12.37% |
| Index Moderate Age Based 15-16 Years Portfolio | 0.11% | 61% | 10.75% |
| Index Moderate Age Based 17-18 Years Portfolio | 0.11% | 63% | 9% |
| Index Moderate Age Based 19 and over Years Portfolio | 0.1% | 68% | 7.17% |
| Multi-Firm Conservative Age Based 0-2 Years Portfolio | 0.38% | 78% | 18.84% |
| Multi-Firm Conservative Age Based 3-5 Years Portfolio | 0.4% | 69% | 17.32% |
| Multi-Firm Conservative Age Based 6-8 Years Portfolio | 0.38% | 66% | 15.78% |
| Multi-Firm Conservative Age Based 9-10 Years Portfolio | 0.38% | 61% | 14.25% |
| Multi-Firm Conservative Age Based 11-12 Years Portfolio | 0.36% | 60% | 12.82% |
| Multi-Firm Conservative Age Based 13-14 Years Portfolio | 0.33% | 61% | 11.05% |
| Multi-Firm Conservative Age Based 15-16 Years Portfolio | 0.3% | 63% | 9.37% |
| Multi-Firm Conservative Age Based 17-18 Years Portfolio | 0.24% | 68% | 7.39% |
| Multi-Firm Conservative Age Based 19 and over Years Portfolio | 0.17% | 85% | 5.25% |
| Index Conservative Age Based 0-2 Years Portfolio | 0.11% | 78% | 18.49% |
| Index Conservative Age Based 3-5 Years Portfolio | 0.12% | 69% | 17.03% |
| Index Conservative Age Based 6-8 Years Portfolio | 0.12% | 66% | 15.41% |
| Index Conservative Age Based 9-10 Years Portfolio | 0.12% | 61% | 13.89% |
| Index Conservative Age Based 11-12 Years Portfolio | 0.12% | 60% | 12.37% |
| Index Conservative Age Based 13-14 Years Portfolio | 0.11% | 61% | 10.75% |
| Index Conservative Age Based 15-16 Years Portfolio | 0.11% | 63% | 9% |
| Index Conservative Age Based 17-18 Years Portfolio | 0.1% | 68% | 7.17% |
| Index Conservative Age Based 19 and over Years Portfolio | 0.09% | 85% | 5.19% |
