Hawaii's College Savings Program
General InformationDownload PDF Report
Hawaii's College Savings Program
Hawaii's College Savings Program switched program managers in November 2007 from Delaware Investments to Upromise Investments, Inc., which was acquired by Ascensus College Savings in 2013. The program uses Vanguard Funds in its age-based option, four multi-fund fixed options, and two individual-fund options. Accounts can be linked to the Upromise rewards service.
Our Ratingix
Fee Scoreix
Performanceix
- Program typeSavings
- Inception2002, but substantially changed in November 2007
- State agencyHawaii Department of Budget and Finance and its Director of Finance
- Tax deductionTax deduction for single filers NoneTax deduction for joint filers None
- Program ManagerAscensus College Savings, with The Vanguard Group as investment manager
- Program distributorAscensus College Savings
- Manager contract termUNLOCK PRO
Investors in Hawaii's 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.
| Portfolio | E.R | % Equity | 1YR Performance | Rank |
|---|---|---|---|---|
| 5 or younger | 0.75% | 75% | 9.62% | 22 of 63 |
| 6 through 10 | 0.75% | 50% | 5.68% | 27 of 56 |
| 11 through 15 | 0.75% | 25% | 1.82% | 46 of 62 |
| 16 or older | 0.75% | 0% | -0.86% | 79 of 81 |
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 | % Equity | 1YR Performance | Rank |
|---|---|---|---|---|
| Vanguard Growth Portfolio | 0.75% | 75% | 9.62% | 21 of 52 |
| Vanguard Moderate Growth Portfolio | 0.75% | 50% | 5.68% | 44 of 52 |
| Vanguard Conservative Growth Portfolio | 0.75% | 25% | 1.82% | 37 of 38 |
| Vanguard Income Portfolio | 0.75% | 0% | -0.86% | 64 of 68 |
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 | % Equity | 1YR Performance | Rank |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Portfolio | 0.75% | 100% | 16.76% | 81 of 228 |
| Vanguard Money Market Portfolio | 0.75% | 0% | 0.86% | 61 of 66 |
Use the form below to filter through the investment options in this plan