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 E-Mail Article Important legal information about the e-mail you will be sending. By using this service, you agree to input your real e-mail address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an e-mail. All information you provide will be used by Fidelity solely for the purpose of sending the e-mail on your behalf. The subject line of the e-mail you send will be "Fidelity.com: " Fidelity® And MEFA Develop Industry-Leading Multi-Firm Investment Options For 529 InvestorsNew Offering Also Available in Other Fidelity-Managed 529 College Savings PlansBOSTON – Fidelity Investments®, a leader in helping families save for college, and the Massachusetts Educational Financing Authority (MEFA), a college financing expert and sponsor of the U.Fund College Investing Plan, today unveiled a new age-based strategy – multi-firm options, which include Fidelity and third-party funds – as the latest investment choice available to families saving for college via Fidelity-managed 529 college savings plans.The multi-firm offering, which includes eight multi-firm, age-based portfolios, provides access to an array of funds representing a broad range of underlying fund managers, selected from Fidelity’s FundsNetwork platform. This represents one of the most extensive fund universes available in multi-firm -- or "open architecture" portfolios -- in the 529 college savings industry1. Fidelity’s registered investment advisory division, Strategic Advisers, Inc., a wholly owned subsidiary of FMR LLC, will provide the selection strategy for the new multi-firm offering, leveraging extensive research and evaluation expertise to determine product construction and allocation in order to provide the best possible product to investors. The new multi-firm, age-based portfolios will be managed day-to-day by Andrew Dierdorf and Christopher Sharpe, portfolio managers in Fidelity Asset Management’s Asset Allocation Division, which manages more than $364 billion in assets2. "MEFA is committed to helping families plan and save for college, which is why our Board worked closely with Fidelity to bring broader investment choice to investors through the development of multi-firm investment options," said Thomas Graf, executive director of MEFA. "The U.Fund, the Commonwealth 529 Plan, is a key savings strategy to meet rising college costs." According to recent Fidelity research, six in 10 (62 percent) parents indicated that having a range of firms from which to choose within their 529 plans is important to them3. In addition, Fidelity’s multi-firm options are age-based portfolios, which has been the preferred method for investors to save for college in 529 plans4. With the addition of the multi-firm investment offering, Fidelity’s college savings plans now include an even greater range of options for every type of investor, said Joseph Ciccariello, vice president of College Planning at Fidelity. "This breadth of investment choice further enhances our comprehensive and competitively priced 529 college savings plan offering5." The new multi-firm option is available to participants in the following Fidelity-managed 529 college savings plans: the U.Fund® College Investing Plan, The UNIQUE College Investing Plan, the Delaware College Investment Plan and the Fidelity Arizona College Savings Plan. Proprietary Roll-down Strategy Applied to Both New and Existing Investment Options Fidelity’s age-based, multi-asset class roll-down strategy gradually adjusts the risk profile of each portfolio leading up to the target year for entering college. Investors in Fidelity-managed 529 College Savings plans now can choose funds from three types of age-based investment options:
To help families make better informed college planning decisions and choose the most appropriate investment approach, Fidelity offers complementary financial guidance provided by dedicated college planning representatives who can help answer questions around college savings options. Fidelity also offers access to college planning seminars at the firm’s 161 Investor Centers. About MEFA MEFA is a not-for-profit self-financing state authority, not reliant on state or federal appropriation, that works to make higher education more accessible and affordable for students and families in Massachusetts. Nearly 30 years ago, MEFA was created by the state legislature at the request of Massachusetts colleges and universities. MEFA provides community education programs, college savings plans, and low-cost financing options. In its nearly 30-year history, MEFA has issued approximately $4.3 billion in bonds and has assisted hundreds of thousands of families in financing a college education. About Fidelity Investments® Fidelity Investments is one of the world’s largest providers of financial services, with assets under administration of $3.4 trillion, including managed assets of more than $1.5 trillion, as of August 31, 2011. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms. For more information about Fidelity Investments, visit www.fidelity.com. Please carefully consider each Plan’s investment objectives, risks, charges and expenses before investing. For this and other information, contact Fidelity or visit fidelity.com for a free Fact Kit. Read it carefully before you invest or send money. The UNIQUE College Investing Plan, the U.Fund®, College Investing Plan, the Delaware College Investment Plan and the Fidelity Arizona College Savings Plan are offered by the state of New Hampshire, MEFA, the state of Delaware, and the Arizona Commission for Postsecondary Education, respectively, and managed by Fidelity Investments. If you or the designated beneficiary are not a New Hampshire, Massachusetts, Delaware or Arizona resident, you may want to consider, before investing, whether your state or the designated beneficiary’s home state offers its residents a plan with alternate state tax advantages or other benefits. Units of the portfolios are municipal securities and may be subject to market volatility and fluctuation. Guidance provided by Fidelity is educational in nature, is not individualized and is not intended to serve as the primary or sole basis for your investment or tax-planning decisions. Fidelity, Fidelity Investments and the Fidelity Investments & Pyramid Design logo are registered service marks of FMR LLC. The third party marks appearing herein are the property of their respective owners. 1) Based on data from SavingforCollege.com and Fidelity analysis |
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