New Mexico's Scholar's Edge is an advisor-sold 529 savings program. Ascensus College Savings Recordkeeping Services, LLC, as the program manager, is responsible for the day-today operations of the plan. Principal Global Investors, LLC, as the investment advisor to the plan, provides investment management services to the Plan. Principal Funds Distributor, Inc. serves as the distributor of the Plan. Scholar's Edge features enrollment-based, target risk and individual portfolios that are multi-asset and multi-manager strategies. To find a financial advisor in your area, use the Directory of Financial Professionals.
- Program typeSavings
- Inception2001, but changed substantially in 2019
- State agencyEducation Trust Board of New Mexico
- Tax deduction
- Program ManagerAscensus College Savings Recordkeeping Services, LLC
- Program distributorPrincipal Funds Distributor, Inc
Investors in Scholar's Edge 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||Rank|
|2020-2021 Portfolio (closed 8/26/21)||0.82%||0%||1.26%||N/A|
|Scholars Edge Today Portfolio||0.82%||0%||0.29%||N/A|