The Maine NextGen 529 -- Client Connect Series is managed by Vestwell State Savings, LLC and distributed by BlackRock Investments, LLC. The plan utilizes BlackRock (including iShares ETFs) funds in its Year of Enrollment options options. In addition, the NextGen Savings Portfolio are available.
- Program typeSavings
- Inception2024
- State agencyFinance Authority of Maine (FAME)
- Tax deduction
- Program ManagerVestwell State Savings, LLC; The Bank of New York Mellon provides certain custody and other services to the Program.
- Program distributorNorthern Lights Distributors, LLC
Investment Options
Investors in NextGen 529 -- Client Connect Series 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 |
|---|---|---|---|
| iShares 2041 Enrollment Portfolio | 0.21% | N/A | N/A |
| iShares 2033 Enrollment Portfolio | 0.21% | N/A | N/A |
| iShares 2029 Enrollment Portfolio | 0.22% | N/A | N/A |
| iShares 2027 Enrollment Portfolio | 0.22% | N/A | N/A |
| iShares 2025 Enrollment Portfolio | 0.25% | N/A | N/A |
| iShares Enrolled Portfolio | 0.29% | N/A | N/A |
| iShares 2035 Enrollment Portfolio | 0.21% | N/A | N/A |
| iShares 2038 Enrollment Portfolio | 0.21% | N/A | N/A |
| iShares 2026 Enrollment Portfolio | 0.22% | N/A | N/A |
