General Information

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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 four individual-fund options. Accounts can be linked to the Upromise rewards service.

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Performancex

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  • Program typeSavings
  • Inception2002, but substantially changed in November 2007
  • State agency
    Hawaii Department of Budget and Finance and its Director of Finance
  • Tax deduction
  • Program Manager
    Ascensus College Savings, with The Vanguard Group as investment manager
  • Program distributor
    Ascensus College Savings

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.

PortfolioE.R.x% Equity1YR PerformanceRank
Newborn through 4 years (Vanguard 87.5% Stock/12.5% Bond)0.58%87.5%N/AN/A
7 through 8 years (Vanguard 62.5% Stock/37.5% Bond)0.6%62.5%N/AN/A
11 through 12 years (Vanguard 37.5% Stock/62.5% Bond)0.59%37.5%N/AN/A
15 through 16 years (Vanguard 12.5% Stock/87.5% Bond)0.59%12.5%N/AN/A
5 through 6 years (Vanguard Growth) (formerly 0-5)0.59%75%5.16%35 of 72
9 through 10 years (Vanguard Moderate Growth) (formerly 6-10)0.58%50%4.95%45 of 70
13 through 14 years (Vanguard Conservative Growth) (formerly 11-15)0.58%25%4.42%65 of 78
17 or older (Vanguard Income) (formerly 16+)0.61%0%2.79%80 of 80

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.x% Equity1YR PerformanceRank
Vanguard Growth Portfolio0.6%75%5.16%17 of 50
Vanguard Moderate Growth Portfolio0.59%50%4.95%11 of 52
Vanguard Conservative Growth Portfolio0.59%25%4.42%20 of 39
Vanguard Income Portfolio0.61%0%2.79%54 of 70

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.x% Equity1YR PerformanceRank
Vanguard Total International Stock Index Portfolio0.63%100%N/AN/A
Vanguard Total Bond Market Index Portfolio0.59%0%N/AN/A
Vanguard Total Stock Market Index Portfolio0.59%100%8.08%73 of 235
Vanguard Money Market Portfolio0.66%0%1.45%65 of 68

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

Child age


Max Expense Ratio:2.5%