529 plan investment options

As you get ready to open your 529 plan account, decide which investment strategy will work best for you. Our plans offer options for every type of investor.

Find out what information you'll need before you open an account

You can change the investment instructions on your future contributions at any time. But under federal tax rules governing 529 plans, you can reallocate your current plan's investments only twice per calendar year or whenever you change beneficiaries, without incurring federal taxes.

Our Age-Based Strategy includes portfolios that are managed according to the beneficiary's birth year with the asset allocation automatically becoming more conservative as the beneficiary nears college age. Please review your 529 plan fact kit for more information on portfolio asset allocation.

Your beneficiary's birth year will help determine the Age-Based Portfolio in which you'll invest. This strategy offers a choice of 3 types of funds:

Fidelity Funds

• Seek to beat a major market index over the long term
• Portfolios invest solely in Fidelity Funds
• Managed by dedicated Fidelity portfolio managers

Multi-Firm Funds

• Seek to beat a major market index over the long term
• Portfolios invest across multiple fund companies, offering an opportunity to diversify your funds
• Managed by dedicated Fidelity portfolio managers

Fidelity Index Funds

• Seek to closely mirror the performance of a major market index over the long term
• Portfolios invest solely in Fidelity Index Funds
• Passively managed; securities currently held in the respective index determine investments

For investors who prefer to manage their own asset allocations, our Custom Strategy provides the flexibility you'll need to build your own customized approach to college saving and investing.

This strategy allows you to create an investment mix from portfolios that fall into 4 categories:

Static Portfolios

  • Asset mix remains the same over time
  • 2 investment choices: Fidelity Funds and Fidelity Index Funds

Individual Fund Portfolios

  • Options include a mix of equity, fixed income, and money market portfolios
  • Each portfolio has the same investment objective as its underlying mutual fund

Bank Deposit Portfolio1

  • Composed exclusively of a deposit in an FDIC-insured, interest-bearing account2
  • Seeks preservation of principal and is designed for beneficiaries of any age

Age-Based Portfolios

  • Managed according to the approximate year the beneficiary is projected to enter college, becoming more conservative over time
  • 3 investment choices: Fidelity Funds, Multi-Firm Funds, or Fidelity Index Funds

Custom Strategy allocation choices

When you choose the Custom Strategy, you'll have the opportunity to allocate funds in 5% increments. You may allocate money to any number of funds you'd like, as long as your total equals 100%.



Portfolio type
Static Portfolios Aggressive Growth Portfolio (Fidelity Funds)
Moderate Growth Portfolio (Fidelity Funds)
Conservative Portfolio (Fidelity Funds)
Aggressive Growth Portfolio (Fidelity Index Funds)
Moderate Growth Portfolio (Fidelity Index Funds)
Conservative Portfolio (Fidelity Index Funds)
Individual Fund Portfolios Money Market Portfolio
Fidelity 500 Index Portfolio
Total Market Index Portfolio
International Index Portfolio
Intermediate Treasury Index Portfolio
Bank Deposit Portfolio Bank Deposit Portfolio
Age-Based Portfolios Age-Based Portfolio (Fidelity Funds)
Age-Based Portfolio (Fidelity Index Funds)
Age-Based Portfolio (Multi-Firm)

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