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.


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 Strategies include portfolios that are managed 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.

The year your beneficiary will enter college will help determine the Age-Based Portfolio in which you'll invest. These portfolios offer a choice of 3 investment strategies:

Fidelity Funds

• Uses primarily active underlying funds
• Designed to generate returns that attempt to beat a composite of major market indices over the long term
• Utilizes active asset allocation and active security selection
• Leverages a broad set of extended asset classes

Fidelity Blend Funds

• Uses a mix of active and low-cost index funds
• Designed to generate returns that attempt to beat a composite of major market indices over the long term
• Utilizes active asset allocation and active security selection
• Leverages a broad set of extended asset classes

Fidelity Index Funds

• Uses low-cost index funds
• Designed to generate returns that closely mirror the performance of a composite of major market indices over the long term.

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 Portfolio*

  • 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, Blend 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 (Blend Funds)

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