The Montana Family Education Savings Program -- Investment Plan was renamed Achieve Montana with a new suite of investments added in October 2015. Ascensus College Savings continues to serve as program manager for this direct-sold plan. The plan features a year-of-enrollment option, five asset allocation portfolios and three individual fund portfolios including the Capital Preservation Portfolio invested in the New York Life Guaranteed Investment Account. Underlying funds are from Vanguard, DFA, iShares and Schwab. Accounts can be linked to the Upromise rewards service.
- Program typeSavings
- Inception2002, but substantially changed in December 2010 and October 2015.
- State agencyMontana Board of Regents of Higher Education
- Tax deduction
- Program ManagerAscensus College Savings
- Program distributorAscensus College Savings
Investors in Achieve Montana 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|
|2038 Enrollment Portfolio||0.59%||88%||5.42%|
|2035 Enrollment Portfolio||0.58%||76.67%||4.6%|
|2032 Enrollment Portfolio||0.58%||66.67%||3.92%|
|2029 Enrollment Portfolio||0.58%||55%||3.18%|
|2026 Enrollment Portfolio||0.58%||38.33%||1.94%|
|2023 Enrollment Portfolio||0.57%||19%||1.26%|
|2041 Enrollment Portfolio||0.59%||90%||N/A|