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.
- Program typeSavings
- Inception2002
- 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
Investment Options
Investors in SMART529 WV Direct College Savings Plan 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 |
|---|---|---|---|
| SMART529 WV Direct Age-Based 0-3 | 0.12% | 92% | 15.35% |
| SMART529 WV Direct Age-Based 7-9 | 0.12% | 72% | 11.74% |
| SMART529 WV Direct Age-Based 12-13 | 0.13% | 52% | 8.55% |
| SMART529 WV Direct Age-Based 17 | 0.17% | 22% | 4.7% |
| SMART529 WV Direct Age-Based 4-6 (originally 0-8) | 0.12% | 82% | 13.57% |
| SMART529 WV Direct Age-Based 10-11 (originally 9-13) | 0.13% | 62% | 10.21% |
| SMART529 WV Direct Age-Based 14-15 | 0.14% | 42% | 7.24% |
| SMART529 WV Direct Age-Based 18+ | 0.18% | 12% | 3.22% |
| SMART529 WV Direct Age-Based 16 (originally 16-17) | 0.16% | 32% | 6.28% |
