Compare 529 Plans by Features

Plan

Age-based/Enrollment Year investment options

Static investment options

Underlying investments

The Age-Based Portfolios option is offered in 3 different risk levels (Aggressive, Moderate, and Conservative) each containing 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and based on the age of the beneficiary, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 6 multi-fund Target portfolios and 26 Individual-fund portfolios.

Vanguard,T. Rowe Price, DFA, PGIM Investments, PIMCO, Fidelity and Dodge & Cox

The Age-Based Portfolios option is offered in 3 different risk levels (Aggressive, Moderate, and Conservative) each containing 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and based on the age of the beneficiary, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 6 multi-fund Target portfolios and 24 Individual-fund portfolios.

T. Rowe Price, BlackRock, DFA, Northern Funds, PGIM Investments, Fidelity, American Century, AllianceBernstein, William Blair Funds, Vanguard, Neuberger Berman, Principal, Credit Suisse, PIMCO, and State Street

The Enrollment-Based Portfolios contain 8 portfolios of underlying mutual funds, ranging from 100% equity to 20% equity. Contributions are placed into the portfolio corresponding to the number of years to expected enrollment based on the age of the beneficiary or as selected by the account owner. 7 portfolios shift to a more conservative investment allocation over time, eventually transferring to the Portfolio for Education Today portfolio.

Select among 3 multi-fund portfolios (Equity Portfolio, Balanced Portfolio, and University of Alaska Portfolio), the Total Equity Market Index Portfolio, the Fixed-Income Portfolio (a fund-of-funds), the Global Impact Equity Portfolio and the Money Market Portfolio. The University of Alaska Portfolio is guaranteed by the University of Alaska to provide a minimum return equal to tuition increases at the University of Alaska, but only for beneficiaries enrolling at that institution.

T. Rowe Price mutual funds.

The Enrollment-Based Portfolios contain 6 multi-managed portfolios of underlying mutual funds, ranging from 100% equity to 20% equity. Contributions are placed into the portfolio corresponding to the number of years to expected enrollment based on the age of the beneficiary or as selected by the account owner. 5 portfolios shift to a more conservative investment allocation over time, eventually transferring to the Enrollment Portfolio.

Select among 3 multi-fund portfolios (Future Trends Portfolio, Equity Portfolio, and Fixed Income Portfolio), a money market portfolio, a short-term bond portfolio, 3 lifestyle portfolios (the Multimanager Lifestyle Growth 529, Multimanager Lifestyle Balanced 529 and Multimanager Lifestyle Moderate 529 Portfolios) and 8 individual-fund portfolios.

John Hancock, T. Rowe Price, and American Mutual. Sub advisors Jennison, Wells Capital, Boston Partners, DFA, Wellington, Manulife

The Enrollment-Based Portfolios contain 8 portfolios of underlying mutual funds, ranging from 100% equity to 20% equity. Contributions are placed into the portfolio corresponding to the number of years to expected enrollment based on the age of the beneficiary or as selected by the account owner. 7 portfolios shift to a more conservative investment allocation over time, eventually transferring to the College portfolio.

Select among 2 multi-fund portfolios (Equity Portfolio and Balanced Portfolio), the Fixed-Income Portfolio (a fund-of-funds), the Total Equity Market Index Portfolio, the Global Impact Equity Portfolio and the Money Market Portfolio.

T. Rowe Price mutual funds.

Choose between 3 age-based options, one invested in Fidelity Series actively managed funds, another invested in Fidelity Series index funds, and a Fidelity Blend option with a combination. Contributions are placed into the portfolio corresponding to the beneficiary's age. The portfolios automatically shift to a more conservative investment allocation over time.

Select from 6 multi-fund portfolios, 5 individual-fund portfolios and a Bank Deposit Portfolio.

Fidelity Investments. For the Bank Deposit Portfolio only, a deposit in an FDIC-insured interest-bearing account (Wells Fargo).

None.

Fixed-rate CDs earn interest at the rate posted at the time of purchase, and posted rates may change at any time. The Honors Savings Account currently features an APY of 0.64%, over 12 times higher than the national rate average of 0.05%

FDIC-insured certificates of deposit and a high-yield savings account from College Savings Bank, a Division of NexBank

Savings Contributions are placed into one of ten portfolios corresponding to the beneficiary's age, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 10 fund-of-funds portfolios and 19 individual-fund portfolios each investing in a single mutual fund from the Ivy Funds family.

Ivy Funds, BlackRock

The Age-Based option is offered in 3 different risk levels (Aggressive, Moderate, and Conservative) each containing 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and the number of years to expected enrollment, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 5 multi-fund portfolios with varying risk tolerances, a money-market portfolio, and an FDIC-insured savings option.

Vanguard mutual funds, Sallie Mae

The seven iShares Year-of-Enrollment Portfolios are based upon the designated beneficiary's anticipated year of enrollment, rather than the designated beneficiary's age. The asset allocation of the money invested in these investment options is automatically adjusted quarterly over time to become more conservative as the number of years to enrollment for the Designated Beneficiary decreases.

The four iShares Asset Allocation Portfolios are designed to meet a specific risk profile and are offered in Aggressive, Moderate, Conservative and Fixed Income allocations. The asset allocation is reviewed at least annually and may be updated to take into account changes in risk and correlations of the asset classes and underlying investments. A dollar-cost averaging option provides for automatic monthly reallocations. The Custom iShares portfolio option offers seventeen individual portfolios investing in equity, real estate or fixed-income funds. A savings option invests in an FDIC-insured account.

iShares exchange traded funds (ETFs), BlackRock Fund Advisors, Sallie Mae

Choose between 2 enrollment year-based options, one invested in actively-managed mutual funds and the other invested in index mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary's expected year of enrollment.

Select among 12 multi-fund portfolios, 4 individual-fund portfolios (including the Social Choice Portfolio), and a principal-protection portfolio.

Actively-managed portfolios: T. Rowe Price, TIAA-CREF, DFA, MetWest, PIMCO. Index-fund portfolios: TIAA-CREF. The Principal Plus Interest Option is provided through a funding agreement with TIAA-CREF Life.

The Age-Based option is offered in 3 different risk levels (Aggressive, Moderate, and Conservative) each containing 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and the number of years to expected enrollment, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 5 multi-fund portfolios with varying risk tolerances and 3 individual-fund portfolios.

Vanguard mutual funds.

Ten Enrollment Year Investment options are based on a future enrollment year and invest in multiple underlying funds. The risk level of each portfolio becomes increasingly conservative over time as the beneficiary approaches expected enrollment in an eligible educational institution and/or expected year in which amounts will be withdrawn to pay for qualified higher education expenses.

Four Target Allocation portfolios invest in multiple underlying funds and 14 individual funds invest in a single underlying fund.

Dimensional Fund Advisors LP, Dodge & Cox Funds, Harris Associates L.P. (Oakmark Funds), Nuveen Fund Advisors, LLC, Principal Funds, Inc., Teachers Advisors, LLC, T. Rowe Price Associates, Inc., Western Asset Management Company, LLC, TIAA-CREF Life Insurance Company

None.

There are 2 options. The Money Market Savings Account earns interest at a rate established by FirstBank not less than the interest rate publicly offered by FirstBank on its regular Money Market Savings Accounts less 0.10%. The One-Year Time Savings Account earns interest at a rate that is 0.10% less than the rate publicly offered by FirstBank for its regular One-Year Times Savings Accounts, subject to an early withdrawal penalty of 90 days of interest if withdrawn before the one-year maturity date.

FDIC-insured bank deposit accounts with FirstBank. FDIC insurance is subject to limitations.

None.

Funds are invested in a stable value investment under a funding agreement with Nationwide Mutual Insurance Company. The interest rate is declared annually, with a minimum rate of 2% before fees. The 2021 rate of return is 2.09% per year, assuming the the 0.71% administrative fee remains in effect for calendar year 2021. Nationwide Mutual Insurance Company resets the annual rate of return for the plan each January 1, and CollegeInvest makes the upcoming year's rate of return available the December before the rate is reset.

A funding agreement issued by Nationwide Mutual Insurance Company.

The Age-Based Strategy contains 8 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the age of the beneficiary or as determined by the account owner. 7 portfolios shift to a more conservative investment allocation over time, eventually transferring to the College portfolio.

Select among 2 multi-fund portfolios (Aggressive Growth and Moderate Growth and 16 individual-fund portfolios and a Stable Value Portfolio.

Fidelity Advisor Funds and Fidelity Series Funds

Choose between 3 age-based options, one invested in Fidelity Series actively managed funds, another invested in Fidelity Series index funds, and a Fidelity Blend option with a combination. Contributions are placed into the portfolio corresponding to the beneficiary's age. The portfolios automatically shift to a more conservative investment allocation over time.

Select among 6 multi-fund portfolios, 5 individual-fund portfolios and a Bank Deposit Portfolio.

Fidelity Investments. For the Bank Deposit Portfolio only, a deposit in a FDIC-insured interest-bearing account (Wells Fargo). The T-C Life Funding Agreement is issued and managed by TIAA-CREF Life Insurance Company).

Choose between 3 age-based options, one invested in Fidelity Series actively managed funds, another invested in Fidelity Series index funds, and a Fidelity Blend option with a combination. Contributions are placed into the portfolio corresponding to the beneficiary's age. The portfolios automatically shift to a more conservative investment allocation over time.

Select from 6 multi-fund portfolios, 5 individual-fund portfolios and the Bank Deposit Portfolio.

Fidelity Investments. For the Bank Deposit Portfolio only, a deposit in an FDIC-insured interest-bearing account (Wells Fargo).

DC College Savings Plan

District of Columbia

The Year of College Enrollment Option contains 7 portfolios of underlying funds. Contributions are placed into the portfolio corresponding to the beneficiary's anticipated year of enrollment or as selected by the account owner. Year of Enrollment Portfolios evolve from a heavier weight in equities in earlier years to a more conservative investment in fixed income instruments and other investments that seek capital preservation as the beneficiary approaches college.

Select among 8 individual-fund portfolios each of which invests in a single underlying mutual fund or ETF and the Principal Protected Portfolio Option. The Principal Protected Portfolio consists of a funding agreement with Ameritas Life Insurance Company which guarantees principal return of principal and an annualized minimum rate of return of one percent (1.00%), minus any premium tax, if applicable.

BlackRock, Vanguard, Loomis Sayles, JP Morgan, Dimensional Fund Advisors (DFA), Schwab, and Ameritas Life.

The age-based portfolio allocates funds between stocks and bonds based on student age. Over time, the investment transitions from majority-stock to majority-bond. Stocks generally exhibit higher returns but may present more risk/volatility -- a balance appropriate for a long investment horizon. As the student approaches college-age, funds are increasingly invested in bonds, which generally exhibit less risk/volatility.

Account owners may create a customized portfolio from six predesigned static portfolio options, including three multi-manager static options (growth, blended, income), three static passive options (growth, blended, income) and fifteen individual fund options (including money market, bond and stock choices).

Underlying investments managed by Vanguard, BlackRock, Dimensional Fund Advisors (DFA), Eaton Vance, Florida PRIME and Wellington Management

Choose among 10 Enrollment Year Investment Portfolios. Contributions are placed into the portfolio corresponding to the number of years to expected enrollment based on the age of the beneficiary or as selected by the account owner. Nine portfolios shift to a more conservative or less aggressive investment allocation as the beneficiary approaches college age, eventually transferring to the In School Enrollment portfolio.

Select among 4 multi-fund portfolios (Balanced Allocation, 100% Fixed Income, Conservative Allocation, and High Equity Allocation), one individual fund (U.S. Equity Index) and the Principal Plus Interest Portfolio.

TIAA-CREF, DFA and Vanguard mutual funds; the Principal Plus Interest Portfolio is invested in a funding agreement with TIAA-CREF Life Insurance Company that guarantees principal and a minimum 1% - 3% annual rate of interest (actual rate, which may be greater, is declared in advance for a period of 12 months).

The Age-Based Option contains 8 portfolios of underlying investment strategies. Contributions are placed into the portfolio corresponding to the beneficiary's age, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 4 multi-fund portfolios (Growth, Moderate Growth, Conservative Growth, and Income) and 4 individual-fund portfolios.

Vanguard mutual funds.

The Age-Based option is offered in 3 different risk levels (Aggressive, Moderate, and Conservative) each containing 8 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and the number of years to expected enrollment, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 5 multi-fund portfolios, with varying risk tolerances, an interest accumulation portfolio and a savings portfolio.

Vanguard mutual funds, Sallie Mae

The Age-Based option is offered in 3 different risk levels (Aggressive, Moderate, and Conservative) each containing 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and the number of years to expected enrollment, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 7 multi-fund Target portfolios with varying risk tolerances and 34 individual-fund portfolios. Fifteen additional individual portfolios invest in Vanguard ETF funds and are available only to account owners who establish an account through a registered investment advisor or advisor who is not compensated through commissions.

T. Rowe Price, DFA, Dodge & Cox, PIMCO, BlackRock, Fidelity, American Century, Baird Funds, MainStay Investments, Delaware Funds, Harbor Funds, Northern Funds, William Blair, Principal Funds, Calvert, Templeton, Causeway, PGIM Investments, Ariel Investments, MFS, Invesco, American Beacon, Sit Mutual Funds and Vanguard (Class F only)

Choose between Multi-Firm Age Based Portfolios and the Index Age Based Portfolios, each containing 9 portfolios in Aggressive, Moderate and Conservative glidepaths. Contributions are placed into the portfolio corresponding to the beneficiary's age, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among three Target Portfolios and three Index Target Portfolios; both offer Equity, Balanced, and Fixed Income options, and sixteen individual options.

Vanguard, T. Rowe Price, DFA, Dodge & Cox, BlackRock, Baird Funds, Ariel Investments, Invesco, BNY Mellon, Nuveen and DWS.

The Year of Enrollment Option contains 7 portfolios of underlying funds. Contributions are placed into the portfolio corresponding to the beneficiary's anticipated year of enrollment. Target allocations for the Year of Enrollment Portfolios evolve to more conservative investments as the beneficiary approaches college age.

Select among 7 options using various investment managers: Active Bond, International, Bond Index, Stable Value, U.S. Equity Index, and Inflation-Protected, plus an FDIC-insured Savings Portfolio.

Age-Based Option: Vanguard index funds, Loomis Sayles, and money market fund
Individual Portfolios: Mutual funds from Dodge & Cox, Carillon Reams, Vanguard, and DFA.
The Savings Portfolio invests in the NexBank High-Yield Savings account.

The Year of Enrollment option contains 7 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the anticipated year of college enrollment, and reassigned to the College Portfolio upon reaching that year.

Select among 12 individual-fund portfolios with various investment managers. An FDIC-insured bank savings option and capital preservation option are also offered.

American Funds, BlackRock, The Boston Company, Capital Research and Management, Diamond Hill Capital Management, Mellon, PIMCO, Schwab, T. Rowe Price and Vanguard The Savings Portfolio invests in the NexBank High-Yield Savings account and the Capital Preservation Portfolio invests in the New York Life Guaranteed Interest Account.

None.

Fixed-rate CDs earn interest at the rate posted at the time of purchase, and posted rates may change at any time. The Honors Savings Account currently features an APY of 0.64%, over 12 times higher than the national rate average of 0.05%.

FDIC-insured certificates of deposit and a high-yield savings account from College Savings Bank, a Division of NexBank.

The Age-Based option is offered in 4 different risk levels (Aggressive, Growth, Moderate Growth and Conservative Growth) each containing nine portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and the age of the beneficiary, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 6 multi-fund portfolios (Aggressive Growth, Growth, Moderate Growth, Conservative Growth, Income, and Conservative Income) and 4 individual-fund portfolios.

Vanguard mutual funds.

The Age-Based Option contains 5 portfolios of underlying funds. Contributions are placed into the portfolio corresponding to the beneficiary's age or as selected by the account owner, and later reassigned to more conservative portfolios as the beneficiary approaches college.

Select among 4 static allocation portfolios and 12 individual-fund portfolios investing in Voya mutual funds and other mutual funds.

Voya mutual funds and other mutual funds managed by Baillie Gifford Overseas Limited; BlackRock Financial Management, Inc.; Brandywine Global Investment Management, LLC; Brookfield Investment Funds; Credit Suisse Asset Management, LLC; Delaware Investments Fund Advisers; Hahn Capital Management, LLC; Invesco, LSV Asset Management; Polaris Capital Management, LLC; Van Eck Associates Corporation; Voya Investment Management Co. LLC; and Wellington Management Company LLP.

The age-based portfolios (non-index) are offered in 3 different risk levels: Aggressive, Moderate, and Conservative. Contributions are placed into the portfolio corresponding to the selected risk level and the beneficiary's age. Over time, accounts move between one or more of the 8 portfolios that make up these tracks. The program also offers an index age-based track that invests primarily in Vanguard index funds. Accounts will move through one or more of 8 age-based portfolios.

Select among 12 static portfolio options and the Cash and Cash Equivalents portfolio.

American Century, Vanguard and Baird mutual funds.

The age-based portfolios are offered in 3 different risk levels: Aggressive, Moderate and Conservative. Contributions are placed into the portfolio corresponding to the selected risk level and the beneficiary's age. Over time, accounts move between one or more of the 8 portfolios that make up these tracks.

Select among 8 multi-fund portfolios, 11 American Century individual-fund options and the Cash and Cash Equivalent option.

Mutual funds from American Century, T. Rowe Price, Principal Financial Group, and American Beacon

The Age-Based option is available as actively managed or index, with 4 different risk levels (Aggressive, Moderately Aggressive, Moderate, and Moderately Conservative) each containing 8 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the selected risk level and the age of the beneficiary or the number of years to expected enrollment, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 6 multi-fund portfolios and the Money Market Portfolio. The static option is available with actively managed or index funds.

American Beacon, American Century, Baird, JP Morgan, Laudus, Schwab, Metropolitan West Asset Management, Vanguard, TCW Group

KY Saves 529

Kentucky

Seven Year of Enrollment portfolios are based upon the beneficiary's anticipated year of enrollment. The asset mix (or allocation) of the selected option will adjust on a recurring fixed schedule automatically over time, becoming progressively more conservative as the target year of school enrollment approaches. During the calendar year mentioned in the name of the selected Year of Enrollment Option, all assets will transfer out of the selected option and into the In School Enrollment Option (the most conservative option of the Year of Enrollment Options), and the selected Year of Enrollment Option will be closed.

Select among four asset allocation options. A mix of equity and fixed income, and active or index-based allocations is available. An FDIC-insured option is also available.

Mutual funds and ETFs from American Funds, Baird Advisors, BlackRock, Cohen & Steers Capital Management, Inc. (Cohen & Steers), Dimensional Fund Advisors (DFA), NexBank, PGIM Investments LLC (PGIM Investments), Charles Schwab Investment Management, Inc. (Schwab), State Street Global Advisors (SSGA), Vanguard and TIAA-CREF Life Insurance Company (TIAA)

Three Age-Based Options contain 4 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary's age, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select between the Louisiana Principal Protection Option (100% invested in the state-managed Fixed Earnings Fund), and 6 Vanguard individual fund options.

Vanguard LifeStrategy funds (in the Age-Based Option), the Louisiana State Treasurer's fund, and Vanguard Index Funds.

Choose between two age-based options with ten portfolios each. One invests in BlackRock funds, the other invests in iShares ETFs. Contributions are placed into the portfolio corresponding to the beneficiary's age. The portfolios automatically shift to a more conservative investment allocation over time.

Select from five diversified portfolios and three single-fund portfolios, including an ESG option, with funds from BlackRock and iShares, the Principal Plus Portfolio or NextGen Savings Portfolio.

BlackRock, iShares. The Principal Plus Portfolio consists of one or more GIAs issued by one or more insurance companies, deposits in an interest-bearing FDIC-insured bank account at Bank of America, N.A., and to the extent approved by FAME, corporate fixed-income investments and/or similar instruments. . The NextGen Savings Portfolio is comprised of an interest-bearing bank deposit account with Bank of America, N.A.

Four age-based options are offered, each using a different investment manager. The Franklin Templeton Age-Based Portfolios option contains 11 portfolios of underlying mutual funds. The MFS Age-Based Portfolios, the BlackRock Age-Based Portfolios, and the iShares Age-Based Portfolios each contain 10 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary's age and desired investment manager, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 11 diversified portfolios using BlackRock, iShares, Franklin Templeton and MFS funds; 22 individual-fund portfolios using American Century, BlackRock, Franklin Templeton, MFS, Lord Abbett, MainStay and Neuberger Berman funds; and the Principal Plus Portfolio and NextGen Savings Portfolio.

American Century, BlackRock, Franklin Templeton, Lord Abbett, MainStay, MFS or Neuberger Berman mutual funds. The Principal Plus Portfolio consists of one or more GIA issued by one or more insurance companies, deposits in an interest-bearing FDIC-insured bank account at Bank of America, N.A., and to the extent approved by FAME, corporate fixed-income investments and/or similar instruments. The NextGen Savings Portfolio is comprised of an interest-bearing bank deposit account with Bank of America, N.A.

The Enrollment-Based Portfolios contain 8 portfolios of underlying mutual funds, ranging from 100% equity to 20% equity. Contributions are placed into the portfolio corresponding to the number of years to expected enrollment based on the age of the beneficiary or as selected by the account owner. 7 portfolios shift to a more conservative investment allocation over time, eventually transferring to the Portfolio for Education Today.

Select among 3 multi-fund portfolios (Equity Portfolio, Balanced Portfolio, Global Equity Market Index Portfolio) and 6 individual-fund portfolios (U.S. Treasury Money Market Portfolio, Inflation Focused Bond Portfolio, Bond and Income Portfolio, U.S Bond Enhanced Index Portfolio, Equity Index 500 Portfolio and Extended Equity Market Index Portfolio).

T. Rowe Price mutual funds.

Choose between 3 age-based options, one invested in Fidelity Series actively managed funds, another invested in Fidelity Series index funds, and a Fidelity Blend option with a combination. Contributions are placed into the portfolio corresponding to the beneficiary's age. The portfolios automatically shift to a more conservative investment allocation over time.

Select among 6 multi-fund portfolios, 5 individual-fund portfolios and a Bank Deposit Portfolio.

Fidelity Investments. For the Bank Deposit Portfolio only, a deposit in a FDIC-insured interest-bearing account (Wells Fargo).

The Enrollment Year Investment Option contains 10 portfolios of underlying mutual funds. The asset allocation of the money invested in these investment options is automatically adjusted over time to become more conservative as the number of years to enrollment for the student decreases. Except for the In School Portfolio, each Enrollment Year Investment Portfolio's investments in its underlying funds and a funding agreement are assessed and rebalanced on a quarterly basis by the program manager.

Select among 2 target-risk portfolios (Capital Appreciation and Conservative Allocation), a multi-fund portfolio (Nuveen Alternative Income) and 16 individual-fund portfolios from a number of fund families.

Mutual funds managed by Nuveen Asset Management, LLC, TIAA Investments, LLC, Symphony Asset Management, Santa Barbara Asset Management, Harding Loevner, Oakmark Funds, Dimensional Fund Advisors, MetWest Funds, Harbor Funds and Ariel Investments

The Enrollment Year Investment Option contains 10 portfolios of underlying mutual funds. The asset allocation of the money invested in these investment options is automatically adjusted over time to become more conservative as the number of years to enrollment for the student decreases. Except for the In School Portfolio, each Enrollment Year Investment Portfolio's investments in its underlying funds and a funding agreement are assessed and rebalanced on a quarterly basis by the program manager.

Select among 6 multi-fund options, one single fund option and a guaranteed option.

TIAA-CREF, Vanguard, Schwab and iShares funds. The Principal Plus Interest Option is invested in a funding agreement with TIAA-CREF Life Insurance Company that guarantees principal and a minimum annual rate (actual rate is declared annually).

The Enrollment Year Investment Option contains 10 portfolios of underlying mutual funds. The asset allocation of the money invested in these investment options is automatically adjusted over time to become more conservative as the number of years to enrollment for the student decreases.

Select among 11 options: 7 multi-fund portfolios, three single fund portfolios including the Social Choice Equity Option, and the Principal Plus Interest Option.

TIAA-CREF institutional mutual funds; Vanguard and DFA funds. The Principal Plus Interest Option is invested in a funding agreement with TIAA-CREF Life Insurance Company that guarantees principal and a minimum rate of interest (actual rate is declared annually).

The Managed Allocation Option contains nine portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary's age and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Five multi-fund risk-based options, three single fund options and the Guaranteed Option.

TIAA-CREF, Vanguard and Schwab mutual funds; the Guaranteed Option is invested in a funding agreement with TIAA-CREF Life Insurance Company that guarantees principal and a rate of interest between 1% and 3% (actual rate is declared annually).

The Age-Based option is offered in 3 different risk levels (Aggressive, Moderate, and Conservative) each containing 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and the number of years to expected enrollment, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 6 multi-fund portfolios and 10 individual-fund portfolios.

Vanguard and Dimensional Fund Advisors funds

The Year of Enrollment Option contains 7 portfolios of underlying funds. Contributions are placed into the portfolio corresponding to the beneficiary's anticipated year of enrollment. Target allocations for the Year of Enrollment Portfolios evolve to more conservative investments as the beneficiary approaches college age.

Select among five asset allocation portfolios: Aggressive, Growth, Moderate, Conservative, Income, and three individual portfolios: Equity Index, Bond Index, and the Capital Preservation Portfolio which invests in the New York Life Guaranteed Investment Account.

Vanguard, DFA, iShares and Schwab funds, New York Life

Two Age-Based options (Core and Socially Aware) contain 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the selected risk level and beneficiary's age, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select Core or Socially Aware options containing 5 investment portfolios each with varying risk tolerances, and 17 individual-fund portfolios.

Vanguard, T. Rowe Price, DFA, MetWest, State Street, iShares, Goldman Sachs, Nuveen, and VanEck Vectors

The Age-Based Portfolios option offers 3 different risk levels (Multi-Firm Aggressive , Multi-Firm Moderate, and Conservative Index) each containing 9 portfolios of underlying funds. Contributions are placed into the portfolio corresponding to the selected risk level and beneficiary's age, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 5 static options (All Equity, Growth, Balanced, Conservative) and 19 individual-fund portfolios including a money market option and the Bank Savings option.

Vanguard, T. Rowe Price, DFA, MetWest, State Street, Fidelity, PGIM Investments, American Funds, Dodge & Cox and Northern Funds. The Bank Savings option invests in an FDIC-insured savings account held in trust at Union Bank and Trust Company and/or Nelnet Bank.

An index and multi-fund option age-based option is offered, each with a choice among 3 different risk levels (Aggressive, Moderate, and Conservative).

Select among 6 static options (All Equity, Growth, Balanced, Conservative and Bank Savings), and 15 individual-fund portfolios including a money market option.

Vanguard, T. Rowe Price, DFA, MetWest and State Street. The Bank Savings option invests in an FDIC-insured savings account held in trust at Union Bank and Trust Company and/or Nelnet Bank.

The Age-Based option contains 9 portfolios. Contributions are placed into the portfolio corresponding to the beneficiary's age, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 7 portfolios: All Equity, Growth, Moderate Growth, Balanced, Conservative, Money Market and Bank Savings.

Vanguard, DFA, Goldman Sachs, iShares, and State Street The Bank Savings option invests in an FDIC-insured savings account held in trust at Union Bank and Trust Company and/or Nelnet Bank.

The Age-Based Asset Allocation Investment Option contains 22 portfolios: newborn through age 21+. Contributions are allocated based on the age of the beneficiary.

3 goal-based options (Aggressive Growth, Growth, and Balanced), 2 Putnam Absolute Return Funds options, and 10 individual-fund options.

Mutual funds from Putnam, MFS, Principal, Federated, and State Street.

Eight College-Date Portfolios allow account owners to select the year in which the beneficiary is expected to start college. The portfolio's investment track is automatically adjusted from more aggressive to more conservative as the beneficiary grows older (and closer to the selected college date year).

Select among three risk-based portfolios (aggressive, moderate, or conservative), 15 individual-fund portfolios, and an FDIC-insured savings account.

SPDR ETFs, where applicable, mutual funds managed by SSGA Funds Management, Inc. and a Sallie Mae High-Yield Savings Account.

The Target Enrollment Portfolios contain 11 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the account owner's risk tolerance or the number of years to expected enrollment. 10 portfolios shift to a more conservative investment allocation over time, eventually transferring to the Vanguard Commencement Portfolio.

Select among 5 multi-fund individual portfolios and 15 single-fund individual portfolios.

Vanguard mutual funds.

The Age-Based Option contains 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the age of the beneficiary, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 10 Fixed Allocation portfolios (Very Aggressive, Aggressive Growth, Growth, Moderately Aggressive, Moderate, Moderately Conservative, Conservative, Very Conservative and In-College) and a money-market portfolio (Preservation of Capital).

USAA, Victory Capital mutual funds.

Wealthfront designs an individual portfolio for each account owner based on a risk tolerance assessment. An account owner's individual portfolio is assigned to one of 20 glide paths, each of which determines how the portfolio's asset allocations will change over time. Each glide path gradually shifts the asset allocations of the underlying or "Designated Portfolios" in an individual portfolio to progressively decreasing levels of expected risk as the college enrollment date approaches.

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Vanguard and iShares ETFs

The Age-Based Strategy contains 8 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the age of the beneficiary or as determined by the account owner. 7 portfolios shift to a more conservative investment allocation over time, eventually transferring to the College portfolio.

Select among 2 multi-fund portfolios (Aggressive Growth (formerly 100% Equity) and Moderate Growth (formerly 70% Equity)) and 17 individual-fund portfolios.

Fidelity Advisor Funds, Fidelity Series Funds and Fidelity Cash Reserves.

Choose between 3 age-based options, one invested in Fidelity Series actively managed funds, another invested in Fidelity Series index funds, and a Fidelity Blend option with a combination. Contributions are placed into the portfolio corresponding to the beneficiary's age. The portfolios automatically shift to a more conservative investment allocation over time.

Select among 6 multi-fund portfolios, 5 individual-fund portfolios and a Bank Deposit Portfolio.

Fidelity Investments. For the Bank Deposit Portfolio only, a deposit in a FDIC-insured interest-bearing account (Wells Fargo).

The Age-Based Investment Portfolios option offers the choice of 3 risk levels: Growth, Moderate, and Conservative. Each consists of 8 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary's age, and later reassigned to more conservative portfolios as the beneficiary ages.

Select among 5 multi-fund portfolios, (Franklin Founding Funds, Franklin Growth Allocation, Franklin Corefolio, Franklin Growth & Income Allocation, and Franklin Income Allocation), 8 individual-fund portfolios, and a Franklin U.S. Government Money 529 Portfolio.

Franklin Templeton mutual funds, Vanguard, Schwab, iShares, a Franklin Templeton money market portfolio and possibly ETFs.

The Age-Based Investment Portfolios option offers the choice of 3 risk levels: Growth, Moderate, and Conservative. Each consists of 8 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary's age, and later reassigned to more conservative portfolios as the beneficiary ages.

Select among 4 multi-fund portfolios (Franklin Growth Allocation, Franklin Corefolio, Franklin Growth & Income Allocation, and Franklin Income Allocation), S&P 500 Index portfolio, and the Franklin U.S. Government Money 529 portfolio.

Franklin Templeton mutual funds, iShares, Schwab, Vanguard a Franklin Templeton money market portfolio and possibly ETFs.

Scholar's Edge

New Mexico

The Year of Enrollment Portfolios contain 11 portfolios of underlying mutual funds, ranging from 100% equity to 0% equity. Contributions are placed into the portfolio corresponding to the number of years to expected enrollment based on the age of the beneficiary or as selected by the account owner. 10 portfolios shift to a more conservative investment allocation over time, eventually transferring to the Scholar's Edge Today Portfolio.

Select among 4 Target-Risk portfolios with varying risk tolerances, 15 individual-fund portfolios, and the Capital Preservation Portfolio.

Principal, BlackRock, Vanguard, JPMorgan, and New York Life. Subadvisor MacKay Shields LLC

The Year of Enrollment Portfolios contain 11 portfolios of underlying mutual funds, ranging from 90% equity to 20% equity. Contributions are placed into the portfolio corresponding to the number of years to expected enrollment based on the age of the beneficiary or as selected by the account owner. 10 portfolios shift to a more conservative investment allocation over time, eventually transferring to the Enrollment Portfolio.

Select among 4 portfolios invested in actively-managed funds, 4 portfolios invested in index funds, and 4 individual-fund portfolios and the Capital Preservation Portfolio.

Vanguard, Schwab, SSGA, BlackRock, New York Life, TIAA-CREF, American Funds, DFA, and PGIM Investments

The Age-Based Option contains 9 portfolios, each invested in mutual funds. Contributions are placed into the portfolio corresponding to the age of the beneficiary and later reassigned to more conservative portfolios as the beneficiary approaches college.

Select among 6 multi-fund portfolios with varying risk tolerances and 17 individual-fund portfolios.

Primarily JPMorgan, but also funds from SSGA.

The Age-Based Option offers a choice among 3 different risk levels (Aggressive, Moderate, or Conservative) each containing 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the selected risk level and beneficiary's age, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 5 multi-fund portfolios (Aggressive Growth, Growth, Moderate Growth, Conservative Growth, and Income), 7 individual fund portfolios, and the Interest Accumulation portfolio.

Vanguard mutual funds.

None

Select from 13 investment options representing different risk-level models ranging from conservative to all equity aggressive allocations.

Morgan Stanley Pathway Funds using over 20 3rd party underlying institutional-caliber fund managers.

NC 529 Plan

North Carolina

The Vanguard Age-Based Option offers a choice among 3 different risk levels (Aggressive, Moderate, or Conservative). Contributions are placed into the portfolio corresponding to the selected risk level and number of years to expected enrollment, and later reassigned to more conservative portfolios until the beneficiary reaches age 19.

Select among five multi-fund portfolios, four individual-fund portfolios, and a federally-insured deposit account through State Employees' Credit Union. An equity-indexed investment, the Protected Stock Fund, was closed to new investments on February 27, 2008, a 100% equity portfolio, the Active Core Equity Fund, was closed January 31, 2011 and the Dependable Income Fund was closed on March 9, 2017.

The Vanguard Age-Based option offers a choice between Aggressive, Moderate or Conservative Tracks all of which invest in Vanguard mutual funds. The multi-fund and individual options invest in Vanguard mutual funds also.

There are 3 age-based options (Conservative, Moderate, and Aggessive), each containing up to 5 investment portfolios. Contributions are placed into the portfolio corresponding to the selected option and age of the beneficiary, and later reassigned to more conservative portfolios as the withdrawal date draws nearer.

Six asset allocation portfolios are offered. The Aggressive Growth, Growth, Moderate Growth, and Conservative Growth portfolios invest in Vanguard stock and bond index funds. The Income Portfolio invests in Vanguard bond index funds, inflation-protected securities fund, and the Vanguard Short-Term Reserves Account. The Interest Accumulation Portfolio invests 100% in the Vanguard Short-Term Reserves Account.

Vanguard mutual funds.

There are 3 age-based options (Conservative, Moderate, and Aggessive), each containing up to 5 investment portfolios. Contributions are placed into the portfolio corresponding to the selected option and age of the beneficiary, and later reassigned to more conservative portfolios as the withdrawal date draws nearer.

Six asset allocation portfolios are offered. The Aggressive Growth, Growth, Moderate Growth, and Conservative Growth portfolios invest in Vanguard stock and bond index funds. The Income Portfolio invests in Vanguard bond index funds, inflation-protected securities fund, and the Vanguard Short-Term Reserves Account. The Interest Accumulation Portfolio invests 100% in the Vanguard Short-Term Reserves Account.

Vanguard mutual funds.

Seven Target Date Investment Options are offered. Contributions are placed into the portfolio corresponding to the age of the beneficiary assuming that the year of enrollment is the year the beneficiary will reach the age of eighteen. The portfolios shift to a more conservative investment allocation over time.

Select among 3 Target-Risk Investment Options (Aggressive Growth, Growth and Moderate) and 17 Single Strategy Investment Options, including 9 equity portfolios, two balanced portfolios, 5 fixed income portfolios, and a money market portfolio.

Mutual funds from BlackRock, Voya, Wells Fargo and iShares ETFs.

2 separate age-based options are offered. The Vanguard Age-Based Option offers a choice among 3 different risk levels (Aggressive, Moderate, and Conservative). Contributions are placed into one of 9 mutual-fund portfolios corresponding to the selected risk level and age of the beneficiary, and reassigned to more conservative portfolios as the beneficiary approaches college age. The Advantage Age-Based Option invests in 10 enrollment-based portfolios invested in funds from Vanguard and DFA.

The Vanguard investment options consist of 5 multi-fund portfolios and 13 individual-fund portfolios. The Fifth Third Bank, National Association options consist of certificates of deposit and a savings account. The remaining options include an equity fund and a bond fund from DFA.

Vanguard and DFA mutual funds; certificates of deposit and savings accounts from Fifth Third Bank, National Association.

The Enrollment Year investment option contains 10 portfolios of underlying mutual funds, ranging from 80% equity to 20% equity. Contributions are placed into the portfolio corresponding to the number of years to expected enrollment based on the age of the beneficiary or as selected by the account owner. 9 portfolios shift to a more conservative investment allocation over time, eventually transferring to the In School Option.

Select among 4 multi-fund options (Diversified Equity, Global Equity Index, Balanced, and Fixed Income), 1 individual fund option ( U.S. Equity Index) and the Guaranteed Option.

TIAA-CREF institutional mutual funds; the Guaranteed Option is invested in a funding agreement with TIAA-CREF Life Insurance Company that guarantees principal and a minimum rate based on the average five-year Constant Maturity Treasury Rate reported by the Federal Reserve.

The Age-Based option contains 8 portfolios of underlying mutual funds keyed to a beneficiary's year of birth and reflecting the year the beneficiary is anticipated to turn 18 and start college. Seven portfolios shift to a more conservative investment allocation over time, eventually transferring to the College Portfolio which has a fixed target allocation.

Select among 2 static portfolios (Aggressive Growth and Moderate Growth) and 17 individual-fund portfolios.

Mutual funds managed by Fidelity.

The Age-Based Investment Option contains 6 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary's age, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 5 multi-fund options (Aggressive Growth, Growth, Moderate, Conservative andand Lifetime Income) and 13 individual-fund options.

MFS mutual funds.

The College Enrollment Year Investment Option offers portfolios designed for the anticipated year of enrollment at college in one-year increments. In each portfolio, investments are moved automatically to progressively more conservative investments as the beneficiary approaches the targeted year of college enrollment. Each portfolio invests in one or more underlying funds managed by Dimensional Funds or Vanguard.

Select among 9 multi-fund portfolios, 4 single-fund portfolios, and the FDIC-Insured Option.

American Beacon, Champlain, Dimensional Funds, DoubleLine, LSV, MetWest, TIAA, T. Rowe Price, and Vanguard

The Target Enrollment options contain 11 portfolios invested in Vanguard mutual funds and/or the Vanguard Short-Term Reserves Account. Contributions are placed into the portfolio corresponding to the beneficiary's age or anticipated year of enrollment and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 6 multi-fund portfolios (Aggressive Growth, Growth, Moderate Growth, Conservative Growth, Income, and Conservative Income) and 8 individual-fund portfolios.

Vanguard mutual funds

The Age-Based Portfolios option contains 10 age bands corresponding to expected dated of college enrollment. The asset mix (or allocation) of the Age-Based Portfolios shifts to a more conservative investment allocation over time.

Select among three Target-Risk Portfolios (Growth, Moderate and Conservative), and 11 individual-fund portfolios.

Invesco mutual funds and ETFs.

The Age-Based Portfolios option contains 11 age bands corresponding to expected dated of college enrollment. The asset mix (or allocation) of the Age-Based Portfolios shifts to a more conservative investment allocation over time.

Select among three Target-Risk Portfolios (Growth, Moderate Growth and Conservative), seven individual-fund portfolios and a stable value option.

Invesco, Vanguard and BlackRock.

The Age-Based Portfolios option is offered in 3 different risk levels (Aggressive, Moderate, and Conservative) each containing 9 (8 in the Conservative track) portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and based on the age of the beneficiary, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 7 Target Allocation portfolios (Aggressive Growth, Growth, Moderate Growth, Moderate, Moderately Conservative, Conservative and College), 24 individual-fund portfolios and a bank deposit account.

Mutual funds from Columbia Management, Legg Mason/Clearbridge Investments, Dimensional Fund Advisors, American Century Investments, Fidelity, BlackRock, iShares, Carillon Tower Advisors, Janus, Vanguard, MFS, J.P. Morgan Asset Management, PGIM, Principal and a BB&T bank deposit account.

The Age-Based Portfolios option is offered in 3 different risk levels (Aggressive, Moderate, and Conservative) each containing 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the risk level selected and based on the age of the beneficiary, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 7 Target Allocation portfolios (Aggressive Growth, Growth, Moderate Growth, Moderate, Moderately Conservative, Conservative and College), 7 individual-fund index portfolios, a short-term bond fund, a money market fund, and a bank deposit account.

Columbia mutual funds, Vanguard funds, iShares, and a BB&T bank deposit account.

The Age-Based Option consists of 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the age of the beneficiary or the anticipated years to matriculation, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 3 multi-fund portfolios (Diversified Equity, Diversified Bond, and Ultrashort Bond) and 12 individual fund portfolios.

Virtus Investment Partners, Allianz Global Investors, American Funds, AllianceBernstein, DFA, Dodge & Cox, Metropolitan West, Morgan Stanley, Parametric, PIMCO and TIAA-CREF.

The Age-Based Option consists of 9 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the age of the beneficiary or the anticipated years to matriculation, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

A multi-fund portfolio called the Diversified Bond Portfolio and 2 individual-fund portfolios, one invested in the PIMCO Real Return Fund, and one invested in the PIMCO All Asset Fund.

Virtus Investment Partners, Allianz Global Investors, AllianceBernstein, American Funds, DFA, Dodge & Cox, Metropolitan West, Morgan Stanley, PIMCO and TIAA.

An age-based option offers ten age bands. Contributions are placed into the portfolio corresponding to the beneficiary's age and automatically shift to a more conservative portfolio over time.

Select among 15 individual options investing in Vanguard, DoubleLine, Western Asset or Primecap funds, or an interest bearing account option with First Tennessee Bank National Association.

Vanguard in the age-based option; Vanguard, DoubleLine, Western Asset and Primecap in the individual options. The First TN Interest Bearing Account is held at First Horizon Bank.

The Age-Based Portfolios option consists of 6 portfolios of underlying funds. Contributions are placed into the portfolio that corresponds to the age of the beneficiary. The portfolios automatically shift to a more conservative investment allocation over time.

Select among 2 multi-fund portfolios (the 100% Equity portfolio and the Balanced portfolio) and 10 individual-fund portfolios.

Mutual funds managed by Artisan, DFA, Dodge & Cox, Dreyfus, Invesco, T. Rowe Price, Templeton, TIAA-CREF and William Blair.

Select either the Blended Age-based Portfolios, which offers underlying investments that are both actively and passively managed, or the Index Age-Based Portfolios, which offers passively managed investments. Each option consists of 6 portfolios of underlying investments. Contributions are placed into the portfolio that corresponds to the age of the beneficiary. The portfolios automatically shift to a more conservative investment allocation over time.

Select among 4 multi-fund portfolios (two of which use only index funds), 2 individual-fund bond portfolios, and the U.S. Government Money Market Portfolio.

Mutual funds and investment strategies managed by Artisan, DFA, Dodge & Cox, Dreyfus, Invesco, T. Rowe Price, TIAA-CREF, and Vanguard.

my529

Utah

Twelve Enrollment Date options are offered. Enrollment Date options take into consideration the target year the account beneficiary will begin taking withdrawals to pay for qualified education expenses. Over time, the options gradually shift to a more conservative investment allocation as the target enrollment year draws closer. Investment allocations automatically adjust over time and are rebalanced quarterly based on a preset schedule. The Customized Age-Based investment option allows for a customized account asset allocation from as many as 30 underlying investments, and automatically reallocates to a new customized underlying investment allocation each time the beneficiary's age qualifies for the next of ten possible age brackets.

Ten static investment options are offered, allowing selection among one individual-fund index portfolio, one fixed income multi-fund portfolio, six equity-index multi-fund portfolios, an FDIC-insured account held in trust by my529 at Sallie Mae Bank and U.S. Bank National Association (U.S. Bank), and a Stable Value option invested in the PIMCO Interest Income Fund. An eleventh, the Customized Static Option, allows for a customized mix of investments using as many as 30 underlying fund choices.

20 Vanguard mutual funds, 10 Dimensional mutual funds, the PIMCO Interest Income Fund, and FDIC-insured accounts held in trust by my529 at Sallie Mae Bank and U.S. Bank National Association (U.S. Bank).

The Managed Allocation Option contains 6 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the beneficiary's age and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Choose from among 5 multi-fund options (Diversified Equity Portfolio, Equity Index Portfolio, Balanced Portfolio, Fixed Income Portfolio, and the Principal Plus Interest Option).

Mutual funds from TIAA, Vanguard, DFA, and the TIAA-CREF Life Insurance Company Funding Agreement. Brinker Capital Investments, LLC (Investment Manager)

The Target-Based Portfolios contain 7 portfolios of underlying mutual funds. Contributions are placed into the portfolio corresponding to the number of years to expected enrollment based on the age of the beneficiary or as selected by the account owner. As each fund approaches its target date, it will increasingly emphasize income and preservation of capital by investing a greater portion of its assets in bond, equity-income and balanced funds, eventually investing principally in fixed-income funds and merging into the College Enrollment portfolio.

Select among various multi-fund objective based portfolios, U.S. Government Money Market or individual mutual funds from American Funds.

American Funds mutual funds.

Invest529

Virginia

The Target Enrollment Portfolios option contains 8 portfolios (including 2 portfolios closed to new participants) of underlying mutual funds and separately-managed investments.

Select among 15 portfolios, including an Invesco stable value option and an FDIC-insured savings option. Twelve of the portfolios invest in Vanguard funds. The ESG Core Equity Portfolio invests in the Parnassus Core Equity Fund.

The Tuition Track Portfolio, is an exclusive option for Virginia residents. The portfolio tracks average tuition growth at Virginia public universities (Average Tuition) and avoids market risk by protecting families' principal investment. With the Tuition Track Portfolio, families purchase units that may be used to cover tuition and other qualified higher education expenses.

Mutual funds and separately-managed accounts from Vanguard, Rothschild Asset Management, Franklin Templeton, Invesco, Blackstone Property Advisors, UBS Realty Advisors, American Funds, Capital Research and Management, DFA, Parnassus, PGIM, Touchstone, Sands Capital Management, Aberdeen Asset Management, Stone Harbor Investment Partners, Wellington Management, Union Bank & Trust

Tuition Track Portfolio may invest in PGIM Fixed Income, Wellington Management Company, LLP, Stone Harbor Investment Partners LP, Advent Capital Management, LLC and Ferox Capital, LLP (noncore fixed-income); BlackRock, Inc. (indexed fixed-income); Dreyfus (cash); Westfield Capital Management Co., LP, and Thompson, Siegel & Walmsley LLC (small- and mid-cap equity); Vanguard (indexed equity); Private Advisors, LLC, Commonfund Capital, Inc., Aether Investment Partners, LLC and Adams Street Partners (private equity); UBS Realty Investors LLC and Related Fund Management (private real estate); Acadian Asset Management, American Funds®, and Aberdeen Asset Management, Inc. (non-U.S. equity); Shenkman Capital Management, Inc. (bank loans); Schroders Investment Management, (mortgage backed securities); DFA Investment Dimensions Group, Inc. (emerging market equity), Blackstone Partners (fund of hedge funds), LGT Capital Partners, Ltd. (private equity); Neuberger Berman Group (private equity); Horsley Bridge Partners LLC (private equity); and Golub Capital Advisors LLC (private debt)

The Year of Enrollment Option is offered in 3 risk levels (Conservative, Moderate, or Growth), each containing 10 Year of Enrollment Portfolios in 2 year increments. Year of Enrollment Portfolios are designed to evolve over time to transition from a heavier allocation to underlying funds that invest in equities (stocks) in earlier years to a more conservative underlying funds that invest in fixed income (bonds) and money market instruments (cash preservation) as the beneficiary approaches college age.

Select among seven static investment options.

Fidelity, Schwab, Vanguard

SMART529 Select

West Virginia

The Age-Based Portfolios option consists of 9 portfolios of underlying mutual funds with varying risk tolerances. Contributions are placed into the portfolio corresponding to the beneficiary's age, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 10 multi-fund portfolios with varying risk tolerances.

Dimensional Fund Advisors Inc.

The Age-Based Portfolios option consists of 9 portfolios of underlying mutual funds with varying risk tolerances. Contributions are placed into the portfolio corresponding to the beneficiary's age, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 5 multi-fund portfolios (Aggressive Growth, Growth, Balanced, Conservative Balanced, and Conservative Bond), the SMART529 Stable Value portfolio and the SMART529 500 Index Fund.

Vanguard mutual funds and Invesco Stable Value portfolio

The Age-Based Portfolios option consists of 9 portfolios of underlying funds with varying risk tolerances. Contributions are placed into the portfolio corresponding to the beneficiary's age, and later reassigned to more conservative portfolios as the beneficiary approaches college age.

Select among 5 multi-fund portfolios (Aggressive Growth, Growth, Balanced, Conservative Balanced, and Checks and Balances), 13 individual-fund portfolios, and a stable value portfolio.

Hartford Funds mutual funds, two iShares (BlackRock) mutual funds, one MFS mutual fund, and an Invesco Stable Value portfolio

Edvest

Wisconsin

The Enrollment Year Investment Portfolios contain 10 portfolios that invest in multiple mutual funds and a funding agreement based on a target enrollment year. Contributions are placed into the portfolio corresponding to the number of years to expected enrollment based on the age of the beneficiary or as selected by the account owner. The risk level for the selected portfolio becomes increasingly conservative over time as the beneficiary approaches expected enrollment.

Select among 3 index-based multi-fund portfolios (Aggressive, Moderate, Conservative), 3 active-based multi-fund portfolios (Aggressive, Moderate, Conservative), two additional multi-fund portfolios, 5 individual-fund portfolios, a bank CD Portfolio and a principal plus interest portfolio that guarantees an annual interest rate of 1% - 3%.

Mutual funds managed by TIAA-CREF, DFA, MetWest, and T. Rowe Price

The Age-Based Option contains 9 portfolios offering a mix of underlying funds. Contributions are placed into the portfolio corresponding to the age of the beneficiary, and later reassigned to more conservative portfolios as the beneficiary approaches college age. Account owners may use the beneficiary's actual age or hypothetical age at enrollment.

Select among 5 multi-fund portfolios with varying risk tolerances and 18 single fund options.

Voya mutual funds and other mutual funds managed by Baillie Gifford Overseas Limited; BlackRock Financial Management, Inc.; BlackRock Investment Management, LLC; Brandywine Global Investment Management, LLC; Columbia Management Investment Advisers, LLC; Credit Suisse Asset Management, LLC; Delaware Investments Fund Advisers; Hahn Capital Management, LLC; Lazard Asset Management LLC; LSV Asset Management; Northern Trust Investments, Inc.; Polaris Capital Management, LLC; Teachers Advisors, Inc.; Van Eck Associates Corporation; Voya Investment Management Co. LLC; and Wellington Management Company LLP.