Virginia's CollegeAmerica is a nationally-available, advisor-sold 529 plan that makes available a line-up of target date fund portfolios, objective based multi-fund portfolios and individual mutual funds from American Funds through Class 529-A, 529-C, 529-E, 529-F-1, 529-F-2 and 529-F-3 shares To find a financial advisor in your area, use the Directory of Financial Professionals.
- Program typeSavings
- State agencyVirginia529
- Tax deduction
- Program ManagerAmerican Funds Service Company, American Funds Distributors, and Capital Research and Management Company
- Program distributorAmerican Funds Distributors
Investors in CollegeAmerica 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|
|American Funds College 2036 Fund||0.81%||72.25%||1.31%|
|American Funds College 2039 Fund||0.84%||86.56%||1.06%|
|American Funds College 2027 Fund||0.66%||26.98%||1.23%|
|American Funds College 2024 Fund||0.65%||11.59%||-0.8%|
|American Funds College Enrollment Fund||0.67%||2.94%||-2.63%|
|American Funds College 2030 Fund||0.68%||44.14%||2.52%|
|American Funds College 2033 Fund||0.73%||57.92%||1.85%|