Investment Management by Vanguard
When you choose the CollegeInvest Direct Portfolio College Savings Plan, you gain the expertise of Vanguard, one of the world's largest and most trusted investment management companies. As of January 31, 2014, Vanguard managed more than $2.4 trillion in U.S. mutual fund assets. Vanguard offers you an impressive package: time-tested investment principles, client-focused values, and costs that are among the lowest in the mutual fund industry. All these factors can work together to help Direct Portfolio 529 account owners accumulate the savings they need to reach their higher education financing goals.
Vanguard focuses on attaining superior long-term performance for investors rather than chasing the latest market fad. Combining investment expertise and experience with sophisticated portfolio management tools, Vanguard keeps costs low while striving to ensure that its index funds (such as those held within the Direct Portfolio Plan portfolios) closely track market benchmarks.
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* Source: savingforcollege.com, April 2014.
The Direct Portfolio Plan received a 5 Cap rating for Colorado residents. 5 Cap Ratings represent the attractiveness of a 529 plan, relative to all other 529 plans, by assigning an overall rating to each 529 program ranging from 1 Cap (least attractive) to 5 Caps (most attractive). 5 Cap Ratings represent an assessment based on many considerations such as flexibility, liquidity and availability, ownership rights, state benefits, investment approach and safety, program resources and financial aid impact. It is not strictly a measure of historical returns, and it is not a predictor of future investment performance, level of investment risk or financial solvency of the program funds. These ratings are not the result of a fixed formula and a significant portion of the analysis is subjective.
Before establishing a 529 account and making contributions, it is imperative that investors read and understand all enrollment materials and disclosures from the programs.
For more information about the CollegeInvest Direct Portfolio College Savings Plan, visit collegeinvest.org to obtain a Plan Disclosure Statement and Participation Agreement (PDS). Investment objectives, risks, charges, expenses, and other important information are included in these documents; read and consider them carefully before investing. If you are not a Colorado taxpayer, consider before investing whether your or the designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.
The CollegeInvest Direct Portfolio College Savings Plan is administered and issued by CollegeInvest. Vanguard Marketing Corporation, Distributor and Underwriter.
Investments in the CollegeInvest Direct Portfolio College Savings Plan are not guaranteed by the State of Colorado or any other governmental entity, the Vanguard Group, Inc. or Ascensus Broker Dealer Services, Inc., and may lose value including the principal amount invested.
Capacity of Dealer and Other Parties
CollegeInvest is the issuer of plan securities and is the trustee of the plans in accordance with Colorado law. CollegeInvest also oversees the Managers’ activities and provides certain administrative services, such as marketing, audit, and financial statements, in connection with the plans.
Ascensus Broker Dealer Services, Inc. and Ascensus College Savings Recordkeeping Services, LLC serve as Plan Manager for the CollegeInvest Direct Portfolio College Savings Plan and has overall responsibility for the day-to-day operations. The Vanguard Group, Inc. also serves as Plan Manager and Investment Manager for the CollegeInvest Direct Portfolio College Savings Plan and Vanguard Marketing Corporation, an affiliate of The Vanguard Group, Inc., assists CollegeInvest with marketing and distributing the Direct Portfolio College Savings Plan.
The Plan’s portfolios, although they invest in Vanguard mutual funds, are not mutual funds and you could lose money by investing in the plan.
CollegeInvest and the CollegeInvest logo are registered trademarks. Vanguard is a trademark of The Vanguard Group, Inc. Upromise is a registered service mark of Upromise, Inc.