The Goldman Sachs 529 Plan provides investors with the ability to build investment solutions with their Financial Professional that fit their long-term education savings needs. The Plan offers an array of investment options including eleven (11) Year of Enrollment Portfolios that follow a pre-determined glide path, five (5) Target Risk Portfolios, and (15) Individual Portfolios that represent a range of asset classes, including a Capital Preservation option.
Please note the Goldman Sachs 529 Plan is available for investment only through financial professionals.
|Goldman Sachs||529 Plan|
|Minimum Initial Investment, Non-Payroll (lump sum contribution)||$250|
|Minimum Initial Investment, Non-Payroll with Automatic Deposits||$150 minimum and $25 per month|
|Combined Account Maximum||$519,000|
|Annual Account Maintenance Fee||$20 (waived for Arizona residents, account balances greater than $25,000, or accounts with recurring contributions of at least $50 per month|
|Estimated Underlying Fund Expense||0.02% – 0.94%|
|Annual Distribution Fee (Distribution and 12b-fee)||0% – 1.00%|
|Total Annual Asset Based Fees||0.32% – 2.24%|
|Maximum Sales Charge (load)||2.50%|
Goldman Sachs 529 Year of Enrollment Portfolios
The Year of Enrollment Portfolios are comprised of eleven (11) multi-asset portfolios that are designed to correspond with the expected year of college enrollment. Each Year of Enrollment Portfolio is managed to a pre-determined glide path. The asset allocation (investment mix) of the Year of Enrollment Portfolios adjusts automatically over time, becoming progressively more conservative as the Beneficiaries’ college enrollment year approaches. Each Year of Enrollment Portfolio invests in a diversified mix of underlying funds.
Goldman Sachs 529 Target Risk Portfolios
The five (5) Target Risk Portfolios are designed to meet a specific goal and risk tolerance. The risk profile of each Target Risk Portfolio will generally remain static (fixed) over time. Each Target Risk Portfolio invests in a diversified mix of underlying funds.
GS 529 Individual Portfolios
You may also choose to invest in one or more of the fifteen (15) Individual Portfolios that give exposure to a single type of asset class: stock funds, bond funds or a stable value fund. Similar to the Target Risk Portfolios, your risk profile will generally remain static (fixed) over time. You should consider your risk appetite, investment time horizon and diversification needs when constructing a portfolio using a mix of Individual Portfolios.
Goldman Sachs Asset Management LP. (“GSAM”) offers the Goldman Sachs 529 Plan as part of AZ529, Arizona’s Education Savings Plan (“AZ529”). AZ529 is administered by the Arizona State Treasurer’s Office. Ascensus College Savings Recordkeeping Services, LLC, the Program Manager, has overall responsibility for the day-to-day operations of the Goldman Sachs 529 Plan, including recordkeeping and administrative services. GSAM serves as the Investment Manager. Goldman Sachs & Co. LLC markets and distributes the Goldman Sachs 529 Plan.
An investment in the Portfolios is subject to risks including: investment risks of the Portfolios which are described in the Plan Description; the risk (a) of losing money over short or even long periods; (b) of changes to the Goldman Sachs 529 Plan, including changes in fees; (c) of federal or state tax law changes; and (d) that contributions to the Goldman Sachs 529 Plan may adversely affect the eligibility of the Beneficiary or the Account Owner for financial aid or other benefits. For a detailed description of the risks associated with the Goldman Sachs 529 Plan, and the risks associated with the Portfolios and the Underlying Funds, please refer to the Plan Description.
Goldman Sachs 529 Portfolios invest in: exchange-traded funds, mutual funds and separate accounts (“Underlying Funds”). Units of the Portfolios are municipal fund securities, and the value of the Units will vary with market conditions. Accounts are not insured by the State of Arizona, AZ529, Arizona’s Education Savings Plan, the Arizona State Treasurer’s Office or any other governmental entity, Ascensus College Savings Recordkeeping Services, LLC, or any affiliated or related party, Goldman Sachs & Co. LLC, or any affiliated or related party, and neither the principal deposited nor any investment return is guaranteed by any of the above referenced parties.
Goldman Sachs Asset Management, L.P., which serves as the investment manager of the Goldman Sachs 529 Plan, is registered with the U.S Securities and Exchange Commission and Goldman Sachs & Co. LLC, which serves as the distributor of the Goldman Sachs 529 Plan, is registered with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board.
Before investing in any 529 plan, you should consider whether your or the beneficiary’s home state offers a 529 plan that provides its taxpayers with favorable state tax and other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available through investment in the home state’s 529 plan. You also should consult your financial, tax, or other adviser to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state’s 529 plan(s), or any other 529 plan, to learn more about those plans’ features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.
For more information about the Goldman Sachs 529 Plan, contact your financial professional, call 888-462-6209, or click here to obtain the Plan Description, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing.
Each account is subject to an annual program management fee of 0.25% of assets and a state administration fee of 0.05% of assets. Estimated Underlying Fund expenses are associated with an Underlying Fund in which each Portfolio invests. Underlying Fund expenses are as of January 31, 2022. Fees and expenses are subject to change at any time. Please refer to the Plan Description for more complete information.
Goldman Sachs does not provide legal, tax or accounting advice, unless explicitly agreed between you and Goldman Sachs (generally through certain services offered only to clients of Private Wealth Management). Any statement contained in this presentation concerning U.S. tax matters is not intended or written to be used and cannot be used for the purpose of avoiding penalties imposed on the relevant taxpayer. Notwithstanding anything in this document to the contrary, and except as required to enable compliance with applicable securities law, you may disclose to any person the US federal and state income tax treatment and tax structure of the transaction and all materials of any kind (including tax opinions and other tax analyses) that are provided to you relating to such tax treatment and tax structure, without Goldman Sachs imposing any limitation of any kind. Investors should be aware that a determination of the tax consequences to them should take into account their specific circumstances and that the tax law is subject to change in the future or retroactively and investors are strongly urged to consult with their own tax advisor regarding any potential strategy, investment or transaction.
The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk.
Diversification does not protect an investor from market risk and does not ensure a profit.
NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE
© 2022 Goldman Sachs. All rights reserved.
Arizona’s Education 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.