Market folio7/27/2023 ![]() There are ten target Enrollment Year Investment Portfolios that invest in multiple underlying funds, each of which has a different investment strategy.īefore investing, carefully consider the investment objectives, risks, charges and expenses of the Scholars Choice Education Savings Plan, including whether the investor’s or Designated Beneficiary’s home state offers any state tax or other benefits that are only available for investment in such state’s qualified tuition program. The Enrollment Year Investment Portfolios are intended for Account Owners who prefer an Investment Portfolio with a risk level that becomes increasingly conservative over time as the Designated 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approaches expected enrollment in an Eligible Educational Institution and/or expected year in which amounts will be withdrawn to pay for Qualified Higher Education Expenses. The Target Allocation Portfolios are designed for account owners who prefer a diversified Investment Portfolio with a fixed risk level rather than a risk level that changes as the Designated Beneficiary ages. The Target Allocation Portfolios are currently comprised of four Investment Portfolios. ![]() To obtain a more complete description of the investment policies and risks of the underlying funds, please refer to the current prospectuses for the underlying funds. The Scholars Choice Education Savings Plan’s Investment Portfolios are subject to the risks of the underlying fund(s) in which they invest and other risks, as described in the Plan Description. There are various risks associated with an investment in the Scholars Choice Education Savings Plan principal loss is possible. is the Plan Manager and Nuveen Securities, LLC is the Distributor. The Scholars Choice Education Savings Plan is offered by the State of Colorado. The NAV per share of each underlying mutual fund in which the Investment Options are invested normally is determined as of the close of regular trading on the NYSE. NAV per unit or unit price is based on the value of the Investment Option’s investments, including its holdings in underlying mutual funds. Net Asset Value (NAV): An investment option’s net asset value (“NAV”) per unit or unit price is calculated by dividing the value of its net assets by the total number of units outstanding. The investment cost example can be found in Appendix F of the Plan Description. CollegeInvest may discontinue this waiver at any time without notice. ![]() While such waiver continues in effect, CollegeInvest will receive an administration fee at an annual rate of 0.06% (6 basis points) of the average daily net assets of each portfolio. Underlying fund expenses will vary and in some cases have been reduced by fee and expense waivers or reimbursements, which may be ended at any time reducing future performance.ġ There are no annual distribution and services fees on Class I units.Ģ CollegeInvest currently is electing to waive 0.04% (4 basis points) of its 0.10% administration fee. Plan fees, expenses and sales charges are subject to change. The TIAA Money Market Portfolio does not charge an initial sales charge nor does it assess an annual distribution and service fee. Returns assume reinvestment of dividends and capital gains.Īverage annual total returns shown "with sales charges" are net of the following: (1) the current annual plan management fee of 0.15% of plan portfolio assets (2) the current annual distribution and service fees 1 of 0.25% for Class A units or the current annual distribution and service fees of 0.75% for Class C units (3) initial sales charges up to 3.50% (Class A) or 0.75% CDSC for periods one year or less (Class C) (4) the current CollegeInvest Administration fee of 0.06% 2 and (5) annual expenses of the share classes of the underlying mutual funds in which Plan portfolios invest, currently up to 0.75% of assets, which may vary. Returns without sales charges would be lower if the sales charges were included. Total returns for a period of less than one year are cumulative. Current performance may be higher or lower than the performance shown. ![]() Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than their original cost. Returns quoted represent past performance which is no guarantee of future results.
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