While a similar program (SMART529 WV Direct) is available to West Virginia residents on a direct basis, this advisor-sold version is available nationally. The Hartford SMART529 program features a menu of age-based, static, and individual portfolio options utilizing Hartford Funds, two iShares (BlackRock) funds, one MFS fund, and a stable value portfolio managed by Invesco. Accounts can be linked to the Upromise rewards service. To find a financial advisor in your area, use the Directory of Financial Professionals.
- Program typeSavings
- State agencyState Treasurer's Office under the authority of the West Virginia College and Jumpstart Savings Programs Board of Trustees
- Tax deduction
- Program ManagerHartford Funds Management Company, LLC.
- Program distributorHartford Funds Distributors, LLC
Investors in The Hartford SMART529 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 Age-Based Portfolio 0-3||0.92%||92%||-18.05%|
|SMART529 Age-Based Portfolio 4-6||0.91%||82%||-17.17%|
|SMART529 Age-Based Portfolio 7-9||0.9%||72%||-16.36%|
|SMART529 Age-Based Portfolio 10-11||0.87%||82%||-14.66%|
|SMART529 Age-Based Portfolio 12-13||0.85%||72%||-13.48%|
|SMART529 Age-Based Portfolio 16||0.72%||52%||-7.57%|
|SMART529 Age-Based Portfolio 17||0.68%||42%||-5.48%|
|SMART529 Age-Based Portfolio 14-15||0.81%||62%||-11.11%|
|SMART529 Age-Based Portfolio 18+||0.64%||32%||-3.47%|