529 plan FAQs: About the portfolios and investments
How do I choose my investments?
It's important to choose an investment mix that you'll be able to live with—one that won't keep you up at night when market volatility strikes. But it should also provide the potential for growth that will help you reach your goals. Investors have historically balanced those needs by investing in age-based mutual fund portfolios that include a blend of stocks, bonds, and short-term investments that adjust over time to grow more conservative as the child nears college age.
Read more about the investment options Fidelity offers: 529 plan investment options
Can I change how my account is invested?
Yes, you can change the investment instructions on any new deposits made to the account at any time.
But, per IRS rules, you can only change your current investments twice per calendar year—or if you change beneficiaries—without incurring taxes.
To find out more, visit the 529 plan investment options page.
To make changes to your current and future investments, read How to change your 529 plan's investment instructions.
You can also download the applicable investment instruction form below or call 800-544-1914.
- CHET 529 College Savings Program investment instructions form (PDF)
- MEFA U. Fund College Investment Plan investment instructions form (PDF)
- The UNIQUE College Investing Plan investment instructions form (PDF)
- AZ529, Arizona's Education Savings Plan investment instructions form (PDF)
- DE529 Education Savings Plan investment instructions form (PDF)
Can I pick the investments for my account?
You can pick an investment portfolio but, due to IRS rules, you can't choose individual investments, mutual funds, or ETFs in a 529 plan. Your options include a variety of portfolios that hold a combination of mutual funds. To see a list of mutual funds in each portfolio, visit the plan performance page for your 529 plan.
Ready to get started?
The UNIQUE College Investing Plan, U.Fund College Investing Plan, DE529 Education Savings Plan, AZ529, Arizona's Education Savings Plan, and the Connecticut Higher Education Trust (CHET) 529 College Savings Plan - Direct Plan are offered by the state of New Hampshire, MEFA, the state of Delaware, and the state of Arizona with the Arizona State Treasurer's Office as the Plan Administrator and the Arizona State Board of Investment as Plan Trustee, and the Treasurer of the state of Connecticut respectively, and managed by Fidelity Investments.
If you or the designated beneficiary is not a New Hampshire, Massachusetts, Delaware, Arizona or Connecticut resident, you may want to consider, before investing, whether your state or the beneficiary's home state offers its residents a plan with alternate state tax advantages or other state benefits such as financial aid, scholarship funds and protection from creditors.
Units of the portfolios are municipal securities and may be subject to market volatility and fluctuation.
Please carefully consider the plan's investment objectives, risks, charges, and expenses before investing. For this and other information on any 529 college savings plan managed by Fidelity, contact Fidelity for a free Fact Kit, or view one online. Read it carefully before you invest or send money.