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SMART529 WV Direct College Savings Plan

The West Virginia SMART529 WV Direct College Savings Plan, available on a direct basis to those who meet certain West Virginia residency requirements, features a menu of age-based and static portfolio options utilizing index funds from Vanguard as well as an Invesco stable value portfolio option. Accounts can be linked to the Upromise rewards service.

Our Ratingx

Fee Scorex

5 of 5

Performancex

5 of 5

  • Program typeSavings
  • Inception2002
  • 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 WV Direct College Savings Plan 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 WV Direct Age-Based 0-80.13%80%9.82%6 of 63
SMART529 WV Direct Age-Based 9-130.13%65%8.01%9 of 43
SMART529 WV Direct Age-Based 14-150.13%50%6.21%6 of 100
SMART529 WV Direct Age-Based 18+0.2%15%3.26%2 of 83
SMART529 WV Direct Age-Based 16-170.19%25%4.27%20 of 80

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 WV Direct Aggressive Growth Portfolio0.13%100%12.65%104 of 228
SMART529 WV Direct Conservative Balanced Portfolio0.2%15%3.20%3 of 68
SMART529 WV Direct Conservative Bond Portfolio0.19%20.6%1.11%38 of 38
SMART529 WV Direct Growth Portfolio0.13%80%9.84%7 of 52
SMART529 WV Direct Balanced Portfolio0.13%65%8.05%37 of 52

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
The SMART529 500 Index Fund0.12%100%17.81%59 of 228

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

Child age


Max Expense Ratio:2.5%