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.
- Program typeSavings
- Inception2002, but substantially changed in November 2007
- State agencyHawaii Department of Budget and Finance and its Director of Finance
- Tax deduction
- Program ManagerAscensus College Savings, with The Vanguard Group as investment manager
- Program distributorAscensus College Savings
Investors in Hawaii's College Savings Program 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.
|Portfolio||E.R.||% Equity||1YR Performance|
|Newborn through 4 years (Vanguard 87.5% Stock/12.5% Bond)||0.6%||87.5%||13.74%|
|7 through 8 years (Vanguard 62.5% Stock/37.5% Bond)||0.59%||62.5%||9.3%|
|11 through 12 years (Vanguard 37.5% Stock/62.5% Bond)||0.59%||37.5%||5.24%|
|15 through 16 years (Vanguard 12.5% Stock/87.5% Bond)||0.59%||12.5%||1.09%|
|5 through 6 years (Vanguard Growth) (formerly 0-5)||0.59%||75%||11.41%|
|9 through 10 years (Vanguard Moderate Growth) (formerly 6-10)||0.58%||50%||7.38%|
|13 through 14 years (Vanguard Conservative Growth) (formerly 11-15)||0.58%||25%||3%|
|17 or older (Vanguard Income) (formerly 16+)||0.61%||0%||0.23%|