The manager for KY Saves 529 (previously known as The Kentucky Education Savings Plan Trust) changed from TIAA-CREF to Ascensus College Savings in February 2019. The plan features a school enrollment based option, four asset allocation options, and an FDIC-insured option.
- Program typeSavings
- Inception1990, substantially changed in 2019
- State agencyKentucky Higher Education Assistance Authority
- Tax deduction
- Program ManagerAscensus College Savings
- Program distributorAscensus College Savings
Investors in KY Saves 529 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|
|2037 Enrollment Option||0.47%||77.51%||11.61%|
|2034 Enrollment Option||0.47%||63.33%||9.64%|
|2031 Enrollment Option||0.47%||52.51%||8.33%|
|2028 Enrollment Option||0.47%||37.51%||6.16%|
|2025 Enrollment Option||0.46%||25.89%||4.41%|
|In School Enrollment Option||0.45%||10%||3.53%|
|2040 Enrollment Option||0.47%||88.33%||13.13%|
|2043 Enrollment Option||0.47%||90%||N/A|