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SMART529 Select

The West Virginia SMART529 Select 529 savings program is managed by Hartford Funds and features age-based and static portfolio options utilizing Dimensional Fund Advisors mutual funds. Although DFA funds are typically available only through financial advisers, this 529 plan is direct-sold. Accounts can be linked to the Upromise rewards service.

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3 of 5

Fee Scorex

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0.5 of 5

  • Program typeSavings
  • Inception2004
  • State agency
    State Treasurer's Office under the authority of the West Virginia College Prepaid Tuition and Savings Program Board of Trustees
  • Tax deduction
    Tax deduction for single filers No limit
    Tax deduction for joint filers No limit
  • Program Manager
    Hartford Funds Management Company, LLC
  • Program distributor
    Hartford Funds Distributors, LLC
  • Manager contract termUNLOCK PRO

Investors in SMART529 Select 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.

PortfolioE.R% Equity1YR PerformanceRank
SMART529 Select Age-Based Portfolio 0-30.72%100.1%9.18%38 of 53
SMART529 Select Age-Based Portfolio 4-60.71%90.1%8.11%50 of 53
SMART529 Select Age-Based Portfolio 7-90.70%79.89%7.02%39 of 57
SMART529 Select Age-Based Portfolio 10-120.69%60%5.12%32 of 43
SMART529 Select Age-Based Portfolio 13-150.67%45%3.96%59 of 100
SMART529 Select Age-Based Portfolio 16-180.66%35.1%3.42%27 of 80
SMART529 Select Age-Based Portfolio 19+0.64%20%2.32%33 of 83

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
SMART529 Select Aggressive Growth Portfolio0.72%100.1%9.18%142 of 228
SMART529 Select Moderately Aggressive Portfolio0.71%90.1%8.12%166 of 228
SMART529 Select Growth Portfolio0.70%79.89%7.08%22 of 52
SMART529 Select Moderate Growth Portfolio0.69%60%5.08%25 of 52
SMART529 Select Balanced Portfolio0.67%45%4.02%49 of 52
SMART529 Select Moderately Conservative Portfolio0.66%35.1%3.44%18 of 38
SMART529 Select Conservative Portfolio0.64%20%2.32%10 of 68
SMART529 Select All Equity Portfolio0.72%79.89%9.22%1 of 52
SMART529 Select Fixed Income Portfolio0.64%0%-1.22%34 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.

PortfolioE.R% Equity1YR PerformanceRank
SMART529 Select 1-Year Fixed Portfolio0.59%0%0.76%11 of 16

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

Child age

Max Expense Ratio:2.5%