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Scholars Choice College Savings Program

The Colorado Scholars Choice College Savings Program, a Legg Mason-managed 529 savings program is sold exclusively through advisors. It features a lineup of age-based, static multi-fund, and individual fund portfolio options utilizing funds managed by Legg Mason affiliates as well as non-proprietary Thornburg Investment Management and Franklin Templeton Investments. To find a financial advisor in your area, use the Directory of Financial Professionals.

Our Ratingx

4 of 5

Fee Scorex

4 of 5

Performancex

4 of 5

  • Program typeSavings
  • Inception1999
  • State agency
    CollegeInvest, a division of the Colorado Department of Higher Education
  • Tax deduction
    Tax deduction for single filers No limit
    Tax deduction for joint filers No limit
  • Program Manager
    QS Investors, LLC and Legg Mason Investor Services, LLC
  • Program distributor
    Legg Mason Investor Services, LLC
  • Manager contract termUNLOCK PRO

Investors in Scholars Choice College Savings Program can select from the following investment options. Click on a portfolio name for more information.

Use the form below to filter through the investment options in this plan

Child age


Max Expense Ratio:2.5%

Age Based Investment Options

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.

PortfolioE.R% Equity1YR PerformanceRank
Portfolio One: Age-Based 0-31.08%80.01%9.71%23 of 24
Portfolio Two: Age-Based 4-61.04%70.00%8.16%14 of 21
Portfolio Three: Age-Based 7-91%60.01%6.63%18 of 20
Portfolio Four: Age-Based 10-120.95%50%5.67%21 of 32
Portfolio Five: Age-Based 13-150.86%40.01%5.31%25 of 32
Portfolio Six: Age-Based 16-180.73%20%3.02%9 of 33
Portfolio Seven: Age-Based 19 and up0.62%0%0.85%13 of 33

Static Investment Options

This refers to an investment option that is not programmed to change over time. The individual fund portfolio and multi-fund portfolio described below are static options. So are many portfolios that do not use mutual funds, such as stable-value options, guaranteed options, CD options, etc.

PortfolioE.R% Equity1YR PerformanceRank
All Fixed Income0.76%0%-1.64%50 of 98
All Equity1.15%100%12.67%156 of 308
Equity 80%1.08%80.01%9.71%214 of 308
Balanced 50/500.95%50%5.67%23 of 37
Fixed Income 80%0.73%20%3.02%4 of 33

Individual Investment Options

Sometimes called a single-fund option, this is a portfolio invested in a single mutual fund. Often the name of the 529 portfolio is very similar to the name of the underlying mutual fund. A large number of broker-sold 529s offer an extensive line-up of individual fund options, while a smaller number of direct-sold 529s offer them.

PortfolioE.R% Equity1YR PerformanceRank
Cash Reserve1.09%0%0.6%26 of 26
U.S. Aggressive Equity1.06%100%14.27%135 of 308
U.S. Core Equity0.92%100%16.52%140 of 308
U.S. Small Cap Equity1.27%100%16.61%83 of 308
International Equity1.61%100%-4.43%304 of 308
Global Fixed Income0.92%0%-4.61%70 of 98

Use the form below to filter through the investment options in this plan

Child age


Max Expense Ratio:2.5%