Investment Options - Ivy InvestEd 529 Plan
Ivy InvestEd 529 Plan
Waddell & Reed’s Ivy InvestEd 529 Plan offers multiple investment options, including three Age-Based Portfolios, three Static Portfolios, and sixteen Individual Mutual Fund Portfolios, or a combination of these three options.
|Ivy InvestEd||529 Plan|
|Minimum Initial Investment (lump sum contribution)||$750|
|Minimum Initial Investment with Automatic Deposits||$150 minimum and $50 per month|
|Combined Account Maximum||$431,000|
|Annual Account Maintenance Fee||$20 (waived for Arizona residents or account balances greater than $25,000)|
|Estimated Underlying Fund Expense||0.67% - 1.20%|
|Annual distribution fee (distribution and 12b-fee)||0% - 0.25%|
|Total Annual Asset Based Fees||0.67% - 1.45%|
|Maximum sales charge (load)||0% - 5.75%|
The Ivy InvestEd 529 Plan offers a variety of investment options, including:
Individual Mutual Funds
Select among 16 individual mutual funds from the Ivy Funds family, including domestic and international equity funds, specialty funds, and fixed-income funds.
Offers three Age-Based Portfolios: Balanced Portfolio, Conservative Portfolio and Growth Portfolios. Automatically transfers to the next Age-Based Portfolio.
The Age-Based Portfolios are designed to invest in mutual funds with greater exposure to equity investments when the named beneficiary is between the ages of 0 through 8, a more balanced exposure to equity and fixed income investments when the named beneficiary is between the ages of 9 through 15, and a greater exposure to fixed income securities when the beneficiary reaches the age of 16 and is closer to commencing his or her postsecondary education.
Offers the three actively managed Age-Based Portfolios but allows you to stay in the portfolio of your chosen risk horizon, whether it be growth, balanced or conservative, without automatically transferring you to the next Age-Based Portfolio.
The Arizona Family College Savings Plan is not insured by the State of Arizona or any of the program providers. Neither the principal deposited nor the investment return is guaranteed by the State of Arizona or the program providers.