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General Information
Florida 529 Savings Plan
The Florida 529 Savings Plan is administered by the Florida Prepaid College Board. In September 2019 the Board enhanced the plan with expanded investment options, reduced fees, and additional investment managers. The plan offers an age-based option with a 16 step glidepath, six static options, and seven individual funds.
Our Ratingix
4 of 5
Fee Scoreix
5 of 5
Performanceix
4 of 5
- Program typeSavings
- Inception2002
- State agencyFlorida Prepaid College Board
- Tax deduction
- Program ManagerFlorida Prepaid College Board
- Program distributorNot applicable
Investors in Florida 529 Savings Plan 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.
| Portfolio | E.R.ix | % Equity | 1YR Performance | Rank |
|---|---|---|---|---|
| Age 5 | 0.2% | 79% | -11.77% | N/A |
| Age 6 | 0.2% | 73% | -10.28% | N/A |
| Age 7 | 0.2% | 67% | -8.77% | N/A |
| Age 8 | 0.19% | 61% | -7.25% | N/A |
| Age 9 | 0.19% | 56% | -6.01% | N/A |
| Age 10 | 0.18% | 50% | -4.47% | N/A |
| Age 11 | 0.18% | 44% | -3.09% | N/A |
| Age 12 | 0.17% | 38% | -1.62% | N/A |
| Age 13 | 0.17% | 32% | -0.2% | N/A |
| Age 14 | 0.16% | 26% | 1.19% | N/A |
| Age 15 | 0.15% | 19% | 2.72% | N/A |
| Age 16 | 0.16% | 14% | 3.69% | N/A |
| Age 17 | 0.17% | 10% | 4.49% | N/A |
| Age 18 | 0.18% | 10% | 4.12% | N/A |
| Age 19+ | 0.18% | 10% | 3.94% | N/A |
| Age 0-4 | 0.21% | 85% | -13.25% | 37 of 55 |
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.
| Portfolio | E.R.ix | % Equity | 1YR Performance | Rank |
|---|---|---|---|---|
| Multi-Manager Income Portfolio | 0.22% | 0% | N/A | N/A |
| Passive Growth Portfolio | 0.07% | 90% | N/A | N/A |
| Passive Blended Portfolio | 0.07% | 56% | N/A | N/A |
| Passive Income Portfolio | 0.09% | 0% | N/A | N/A |
| Multi-Manager Growth Portfolio | 0.21% | 85% | -13.26% | 140 of 235 |
| Multi-Manager Blended Portfolio | 0.19% | 56% | -6.01% | 36 of 52 |
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.
| Portfolio | E.R.ix | % Equity | 1YR Performance | Rank |
|---|---|---|---|---|
| Small/Mid Cap Equity Fund | 0.61% | 100% | -22.7% | N/A |
| Core Fixed Income Fund | 0.15% | 0% | 8% | 54 of 70 |
| Money Market Fund | 0.03% | 0% | 2.15% | 6 of 68 |
| Total U.S. Equity Index Fund | 0.02% | 100% | -8.76% | 35 of 235 |
| Large Cap Growth Equity Fund | 0.15% | 100% | -5.66% | 5 of 235 |
| Large Cap Value Equity Fund | 0.15% | 100% | -27.27% | 198 of 235 |
| International (Developed Markets) Fund | 0.3% | 100% | -18.3% | 225 of 235 |
Use the form below to filter through the investment options in this plan