CalABLE is offered by The California Achieving a Better Life Experience (ABLE) Act Board. Assets in CalABLE are held in the CalABLE ABLE Program Trust for which the Board serves as the trustee. Vestwell Tuition Financing serves as program manager. The plan offers three target risk investment options and one FDIC-Insured portfolio.
- Program typeABLE Savings Plan
- Investment ManagerBNY Mellon Advisors
- Inception2018
- State agencyThe California ABLE Act Board
- Program ManagerProgram managed by Vestwell State Savings, LLC.
Investment Options
Investors in CalABLE 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.
