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CollegeBound 529 (Advisor-sold)

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, AR, 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.

Our Ratingx

4 of 5

Fee Scorex

4 of 5

Performancex

N/A

  • Program typeSavings
  • Inception1998, substantially changed in 2016.
  • State agency
    General Treasurer of Rhode Island
  • Tax deduction
    Tax deduction for single filers $500/yr
    Tax deduction for joint filers $1,000/yr
  • Program Manager
    Ascensus College Savings
  • Program distributor
    Invesco Distributors
  • Manager contract termUNLOCK PRO

Investors in CollegeBound 529 (Advisor-sold) can select from the following investment options. Click on a portfolio name for more information.

Use the form below to filter through the investment options in this plan

Child age


Max Expense Ratio:2.5%

Age Based Investment Options

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.

Static Investment Options

This refers to an investment option that is not programmed to change over time. The individual fund portfolio and multi-fund portfolio described below are static options. So are many portfolios that do not use mutual funds, such as stable-value options, guaranteed options, CD options, etc.

PortfolioE.R% Equity1YR PerformanceRank
Invesco Conservative College Portfolio0.86%34%2.71%16 of 19
Invesco Moderate College Portfolio0.89%60%3.69%30 of 37
Invesco Growth College Portfolio0.91%85%5.27%266 of 308

Individual Investment Options

Sometimes called a single-fund option, this is a portfolio invested in a single mutual fund. Often the name of the 529 portfolio is very similar to the name of the underlying mutual fund. A large number of broker-sold 529s offer an extensive line-up of individual fund options, while a smaller number of direct-sold 529s offer them.

Use the form below to filter through the investment options in this plan

Child age


Max Expense Ratio:2.5%