Future Scholar 529 College Savings Plan (Direct-sold)
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Future Scholar 529 College Savings Plan (Direct-sold)
The Future Scholar 529 College Savings Plan is only available to residents of South Carolina. It offers investment options from Columbia and Vanguard and a $426,000 contribution limit. Residents of South Carolina may enjoy a state tax deduction for contributions to the plan.
Our Ratingix
Fee Scoreix
Performanceix
- Program typeSavings
- Inception2002
- State agencyOffice of the State Treasurer
- Tax deductionTax deduction for single filers No limitTax deduction for joint filers No limit
- Program ManagerColumbia Management Investment Distributors, Inc.
- Program distributorColumbia Management Investment Distributors, Inc.
- Manager contract termUNLOCK PRO
Investors in Future Scholar 529 College Savings Plan (Direct-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.
| Portfolio | E.R | % Equity | 1YR Performance | Rank |
|---|---|---|---|---|
| Aggressive 0-5 Years Old | 0.16% | 93% | 12.5% | 21 of 53 |
| Aggressive 6-8 Years Old | 0.13% | 83% | 11.21% | 8 of 57 |
| Aggressive 9-11 Years Old | 0.12% | 63% | 8.04% | 24 of 65 |
| Aggressive 12-15 Years Old | 0.11% | 53% | 6.84% | 31 of 43 |
| Aggressive 16-17 Years Old | 0.09% | 33% | 4.15% | 25 of 80 |
| Aggressive 18+ Years Old | 0.09% | 17% | 2.65% | 47 of 83 |
| Moderate 0-5 Years Old | 0.13% | 83% | 11.21% | 15 of 29 |
| Moderate 6-8 Years Old | 0.12% | 63% | 8.04% | 55 of 65 |
| Moderate 9-11 Years Old | 0.11% | 53% | 6.84% | 4 of 56 |
| Moderate 12-15 Years Old | 0.09% | 33% | 4.15% | 6 of 62 |
| Moderate 16-17 Years Old | 0.09% | 17% | 2.65% | 46 of 83 |
| Moderate 18+ Years Old | 0.06% | 0% | 0.19% | 74 of 81 |
| Conservative 0-5 Years Old | 0.12% | 63% | 8.04% | 33 of 63 |
| Conservative 6-8 Years Old | 0.11% | 53% | 6.84% | 3 of 56 |
| Conservative 9-11 Years Old | 0.09% | 33% | 4.15% | 46 of 56 |
| Conservative 12-15 Years Old | 0.09% | 17% | 2.65% | 41 of 62 |
| Conservative 16+ Years Old | 0.06% | 0% | 0.19% | 73 of 81 |
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.
| Portfolio | E.R | % Equity | 1YR Performance | Rank |
|---|---|---|---|---|
| Future Scholar Aggressive Growth Portfolio | 0.16% | 93% | 12.5% | 123 of 228 |
| Future Scholar Growth Portfolio | 0.13% | 83% | 11.21% | 157 of 228 |
| Future Scholar Moderate Growth Portfolio | 0.12% | 63% | 8.04% | 40 of 52 |
| Future Scholar Moderate Portfolio | 0.11% | 53% | 6.84% | 23 of 52 |
| Future Scholar Moderately Conservative Portfolio | 0.09% | 33% | 4.15% | 17 of 38 |
| Future Scholar Conservative Portfolio | 0.09% | 17% | 2.65% | 15 of 68 |
| Future Scholar College Portfolio | 0.06% | 0% | 0.19% | 57 of 68 |
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.
| Portfolio | E.R | % Equity | 1YR Performance | Rank |
|---|---|---|---|---|
| Future Scholar Large Cap Index Portfolio | 0.2% | 100% | 17.66% | 73 of 228 |
| Future Scholar Mid Cap Index Portfolio | 0.2% | 100% | 13.96% | 93 of 228 |
| Future Scholar Small Cap Index Portfolio | 0.2% | 100% | 18.75% | 13 of 228 |
| Future Scholar Legacy Capital Preservation Portfolio | 0.18% | 0% | 1.79% | 12 of 66 |
| Future Scholar International Equity Index Portfolio | 0.06% | 100% | 2.86% | 189 of 228 |
| Future Scholar Bond Index Portfolio | 0.02% | 0% | -1.18% | 32 of 68 |
| Future Scholar Short Term Bond Index Portfolio | 0.05% | 0% | -0.38% | 13 of 16 |
| Future Scholar TIPS Bond ETF Portfolio | 0.2% | 0% | 0.3% | 6 of 68 |
| Future Scholar Ultra Short Term Bond Portfolio | 0.25% | 0% | 1.55% | 3 of 16 |
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