Rhode Island's CollegeBound 529 savings program is managed by Ascensus College Savings with Invesco Advisors, Inc. as investment manager. The plan is sold through brokers (unit classes A and C) and registered investment advisors (unit class I). Rhode Island residents purchasing through advisors can use lower-cost classes RA and RZ. The program features a menu of age-based and static portfolio options utilizing Invesco funds. Accounts can be linked to the Upromise rewards service. To find a financial advisor in your area, use the Directory of Financial Professionals.
- Program typeSavings
- Inception1998, substantially changed in 2016.
- State agencyGeneral Treasurer of Rhode Island
- Tax deduction
- Program ManagerAscensus College Savings
- Program distributorInvesco Distributors
Investors in CollegeBound 529 (Advisor-sold) 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|
|Invesco CollegeBound 2037-2038 Portfolio||0.81%||84%||1.89%|
|Invesco CollegeBound 2039-2040 Portfolio||0.81%||84.75%||1.9%|
|Invesco CollegeBound 2041-2042 Portfolio||0.81%||0%||N/A|
|Invesco CollegeBound Today Portfolio||0.76%||10%||-0.46%|
|Invesco CollegeBound 2023-2024 Portfolio||0.8%||20.5%||-0.55%|
|Invesco CollegeBound 2025-2026 Portfolio||0.8%||32%||-0.15%|
|Invesco CollegeBound 2027-2028 Portfolio||0.8%||42.25%||0.08%|
|Invesco CollegeBound 2029-2030 Portfolio||0.8%||50.25%||0.44%|
|Invesco CollegeBound 2031-2032 Portfolio||0.81%||57.5%||0.78%|
|Invesco CollegeBound 2033-2034 Portfolio||0.81%||67.75%||1.18%|
|Invesco CollegeBound 2035-2036 Portfolio||0.81%||76.5%||1.5%|