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.
- Program typeSavings
- State agencyState Treasurer's Office under the authority of the West Virginia College and Jumpstart Savings Program Board of Trustees
- Tax deduction
- Program ManagerHartford Funds Management Company, LLC
- Program distributorHartford Funds Distributors, LLC
Investors in SMART529 Select 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||Rank|
|SMART529 Select Age-Based Portfolio 11-12||0.61%||50%||3.36%||N/A|
|SMART529 Select Age-Based Portfolio 17-18||0.58%||30%||1.25%||N/A|
|SMART529 Select Age-Based Portfolio 0-3||0.63%||100%||7.33%||55 of 55|
|SMART529 Select Age-Based Portfolio 4-6||0.62%||80%||6.09%||53 of 55|
|SMART529 Select Age-Based Portfolio 7-8||0.62%||80%||4.84%||53 of 53|
|SMART529 Select Age-Based Portfolio 9-10||0.62%||70%||3.52%||45 of 46|
|SMART529 Select Age-Based Portfolio 13-14||0.6%||20%||3.25%||118 of 120|
|SMART529 Select Age-Based Portfolio 15-16||0.59%||40%||2.47%||75 of 78|
|SMART529 Select Age-Based Portfolio 19+||0.58%||100%||N/A||100 of 122|