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NextGen 529 -- Client Direct Series

The Maine NextGen 529 -- Client Direct Series is managed by Sumday Administration, LLC and distributed by BlackRock Investments, LLC. The plan utilizes BlackRock (including iShares ETFs) funds in its age-based and static options. In addition, the Principal Plus Portfolio and the NextGen Savings Portfolio are available.

Fee Score

4.5 / 5


3 / 5
  • Program type
  • Inception
  • State agency
    Finance Authority of Maine (FAME)
  • Tax deduction
  • Program Manager
    Sumday Administration, LLC; The Bank of New York Mellon provides certain custody and other services to the Program.
  • Program distributor
    BlackRock Investments, LLC

Investment Options

Investors in NextGen 529 -- Client Direct Series can select from the following investment options. Click on a portfolio name for more information.

Age Based Investment Optionsaccordion open icon

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.% Equity1YR PerformanceRank
BlackRock Age-Based 5-7 Years Portfolio0.52%70%3.18%68 of 92
iShares Age-Based 5-7 Years Portfolio (ETF)0.24%70%4.03%50 of 92
BlackRock Age-Based 2-4 Years Portfolio0.52%80%4.3%N/A
BlackRock Age-Based 16 Years Portfolio0.52%30%0.09%N/A
BlackRock Age-Based 18 Years Portfolio0.43%10%-0.94%N/A
iShares Age-Based 2-4 Years Portfolio (ETF)0.24%80%5.35%N/A
iShares Age-Based 16 Years Portfolio (ETF)0.24%30%0.27%N/A
iShares Age-Based 18 Years Portfolio (ETF)0.29%10%-0.95%N/A
BlackRock Age-Based 0-1 Years Portfolio0.51%90%5.23%64 of 72
BlackRock Age-Based 8-11 Years Portfolio0.52%60%2.01%34 of 92
BlackRock Age-Based 12-13 Years Portfolio0.53%50%1.08%59 of 120
BlackRock Age-Based 14-15 Years Portfolio0.52%40%0.61%46 of 78
BlackRock Age-Based 17 Years Portfolio0.48%20%-0.47%55 of 122
BlackRock Age-Based 19+ Years Portfolio0.4%0%-1.74%53 of 80
iShares Age-Based 0-1 Years Porttfolio (ETF)0.24%90%6.54%51 of 72
iShares Age-Based 8-11 Years Portfolio (ETF)0.24%60%2.95%14 of 92
iShares Age-Based 12-13 Years Portfolio (ETF)0.24%50%1.83%56 of 120
iShares Age-Based 14-15 Years Portfolio (ETF)0.25%40.01%1.3%49 of 78
iShares Age-Based 17 Years Portfolio (ETF)0.26%20.01%-0.33%50 of 122
iShares Age-Based 19+ Years Portfolio (ETF)0.31%0%-1.75%52 of 80
Static Investment Optionsaccordion close icon
Individual Investment Optionsaccordion close icon
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