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Fidelity offers a wide range of investment options for your 529 plan account.
To help you determine which option may be best for you, consider these two questions:
Age-Based Strategy: Fidelity offers three age-based investment options that adjust their asset allocations automatically, becoming more conservative as the beneficiary nears college age. These options provide access to Fidelity Funds, Fidelity Index Funds, and Multi-Firm Funds.
Age-Based Portfolios (Fidelity Funds): These are designed to generate returns that attempt to beat a major market index over the long term. These portfolios invest solely in Fidelity funds that are managed by dedicated portfolio managers who are making investment decisions backed by Fidelity's proprietary investment research.
Age-Based Portfolios (Fidelity Index Funds): These are designed to generate returns that closely mirror the performance of a major market index over the long term. These portfolios invest solely in Fidelity Index Funds, and are able to keep transaction costs and other expenses low because they are passively managed. This means that the securities currently held in the respective index determine your investments.
Age-Based Portfolios (Multi-Firm Funds): Like our Fidelity Fund Age-Based Portfolios, these are designed to generate returns that attempt to beat a major market index over the long term. While the funds themselves are managed by Fidelity and other firms, the way the investments are spread among different funds is managed by dedicated portfolio managers at Fidelity. This option provides an opportunity to diversify your funds across multiple fund companies.
Custom Strategy: If you want to build your own investment mix, choose from four investment portfolios offered by Fidelity: Static, Individual Fund, Age-Based, and Bank Deposit.
Static Portfolios invest in several different funds managed by Fidelity and have an asset mix that doesn't change over time. You may choose between portfolios invested in Fidelity Funds or Fidelity Index Funds.
Individual Fund Portfolios invest in a single Fidelity Fund or Fidelity Index portfolio. Options include a mix of equity, fixed income, money market, and bank deposit portfolios.
Age-Based Portfolios are managed according to the approximate year the beneficiary is projected to enter college. Also the strategy for those who want a managed Aged-Based portfolio overall, these become more conservative over time.
The Bank Deposit Portfolio seeks preservation of principal and is designed for beneficiaries of any age. This portfolio is composed exclusively of a deposit in an FDIC-insured, interest-bearing account.*
See investment options for more information.
Yes, new deposits can be made into any of the portfolios available in the Fidelity-managed 529 plans. Many customers establish standing instructions, such as making all contributions to the same portfolios each period, to avoid providing new instructions with every deposit.
You may reallocate previously invested monies (contributions and earnings) once each calendar year and upon a change to the beneficiary. See investment options for more information.
Use the 529 Plan Investment Instructions Form (PDF) to change instructions on current and future investments.
You choose the portfolios, but not the individual funds. The IRS does not allow a participant to have direct or indirect control over the investments in a 529 account. The 529 portfolios are invested in a combination of mutual funds. To see a list of the underlying mutual funds that make up each portfolio, visit the plan performance pages for each of the Fidelity-managed 529 plans: UNIQUE College Investing Plan (NH), Fidelity Arizona College Savings Plan, Delaware College Investment Plan, and U.Fund College Investing Plan (MA).
Christopher Sharpe and Andrew Dierdorf are the co-managers of the UNIQUE Plan, the Fidelity Arizona Plan, the U.Fund Plan, and the Delaware Plan Portfolios.
Mr. Sharpe is a portfolio manager in the Global Asset Allocation Group of Fidelity Management & Research Company (FMRCo), the investment advisor for Fidelity's family of mutual funds. Mr. Sharpe has co-managed Fidelity Freedom Funds®, Fidelity Advisor Freedom Funds®, VIP Freedom Funds and the IRS Code 529 tax-advantaged College Savings Plans for the states of New Hampshire, Massachusetts, Delaware, and Arizona since 2005. He also co-manages the Fidelity Four-In-One Index Fund, Fidelity Series Broad Market Opportunities Fund, Fidelity Strategic Income Fund, Fidelity Advisor Strategic Income Fund, VIP Strategic Income Fund, Fidelity Strategic Dividend & Income Fund, Fidelity Advisor Strategic Dividend & Income Fund, as well as Fidelity Strategic Real Return Fund, Fidelity Advisor Strategic Real Return Fund, Fidelity Stock Selector All Cap Fund, and Fidelity Dynamic Capital Appreciation Fund.
Mr. Sharpe joined Fidelity in 2002 as an asset allocation director in the Structured Investment Group of FMRCo. Prior to joining Fidelity, Mr. Sharpe was an investment policy officer in the Investment Strategy Group with John Hancock Financial Services, Inc. in Boston. A Fellow of the Society of Actuaries and Chartered Financial Analyst charterholder, Mr. Sharpe is a member of the American Academy of Actuaries and member of the Chartered Financial Analyst Institute.
Mr. Dierdorf is a portfolio manager in the Asset Allocation Group of Fidelity Management & Research Company (FMRCo), the investment advisor for Fidelity's family of mutual funds. Mr. Dierdorf currently co-manages the Fidelity Dynamic Strategies Fund, Fidelity Four-In-One Index Fund, Fidelity Income Replacement Funds, Fidelity-Managed 529 College Savings Plans and Fidelity Freedom Index Funds.
Previously with Fidelity, Mr. Dierdorf was co-manager for the Fidelity ClearPath portfolios, lifecycle funds designed for Canadian investors, until May 2008. He began managing Fidelity-Managed 529 College Savings Plans in October 2007 and Fidelity Dynamic Strategies Fund since its inception in November 2007. He assumed responsibility for the Fidelity Four-In-One Index in January 2009 and both the Fidelity Freedom Index Funds and Fidelity Income Replacement Funds in June 2009. Prior to joining Fidelity in 2004, Mr. Dierdorf held various actuarial and investment positions at CIGNA.
Mr. Dierdorf is a Chartered Financial Analyst charterholder, a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries.
Call a college savings representative.
The UNIQUE College Investing Plan, U.Fund College Investing Plan, Delaware College Investment Plan, and 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 is 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.
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 online. Read it carefully before you invest or send money.