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The U.Fund College Investing Plan (MA)

MEFA's U.Fund, the Massachusetts 529 college investing plan, is a tax-advantaged college savings plan professionally managed by Fidelity. MEFA is a nonprofit state authority that works to make higher education more accessible and affordable.

Tax advantages

Earnings

Any earnings grow federal income tax deferred.

Contributions

Some states offer income tax deductions for contributions.

Withdrawals

Qualified withdrawals are free from both federal and Massachusetts state income taxes.

Account details

Minimum initial investment

$50, or $15/month ($45/quarter) with automatic investments

Account maximum

$350,000 per beneficiary

Portfolio investment strategy

Age-based:

Managed for you; asset allocation automatically becomes more conservative over time.

or

Custom:

You decide how investments are distributed across different portfolios.

Learn more about your investment options.

Plan performance

View annual returns.

Fees

Annual account maintenance fee

None

Investment expenses

Fees vary, depending on your investment strategy:
0.56%-1.03% (Fidelity Funds)
0.19%–0.29% (Fidelity Index Funds)
0.96%-1.38% (Multi-Firm Funds)
0.05%–0.50% (Bank Deposit Portfolio)

Additional resources

Annual report (PDF)
View performance and financial statements for each of the portfolios offered by this plan.

Ahorros para la universidad (PDF)
Un folleto en Español con informacion sobre productos y soluciones de ahorrar para el futuro de su hijo.

Abra una Cuenta U.Fund
Descargue una Solicitud de Cuenta y un Paquete de Datos del Plan de Inversión para la Universidad de U.Fund

U.Fund College Investing Plan Fee and Expense Structure as of 1/31/14: Fidelity Funds

Portfolio Estimated Underlying Fund Expenses1 Program Manager Fee2 State Fee3 Miscellaneous Fee4 Total Annual Asset-Based Fee5 Annual Account Maintenance Fee6
Portfolio 2033 (Fidelity Funds) 0.81% 0.10% 0.10% N/A 1.01% N/A
Portfolio 2030 (Fidelity Funds) 0.81% 0.10% 0.10% N/A 1.01% N/A
Portfolio 2027 (Fidelity Funds) 0.78% 0.10% 0.10% N/A 0.98% N/A
Portfolio 2024 (Fidelity Funds) 0.73% 0.10% 0.10% N/A 0.93% N/A
Portfolio 2021 (Fidelity Funds) 0.67% 0.10% 0.10% N/A 0.87% N/A
Portfolio 2018 (Fidelity Funds) 0.60% 0.10% 0.10% N/A 0.80% N/A
Portfolio 2015 (Fidelity Funds) 0.52% 0.10% 0.10% N/A 0.72% N/A
College Portfolio (Fidelity Funds)7 0.47% 0.10% 0.10% N/A 0.67% N/A
Aggressive Growth Portfolio (Fidelity Funds) 0.83% 0.10% 0.10% N/A 1.03% N/A
Moderate Growth Portfolio (Fidelity Funds)  0.75% 0.10% 0.10% N/A 0.95% N/A
Conservative Portfolio (Fidelity Funds) 0.36% 0.10% 0.10% N/A 0.56% N/A
Money Market Portfolio 0.37% 0.10% 0.10% N/A 0.57% N/A
1. The "Estimated Underlying Fund Expenses" are based on a weighted average of the expenses of the mutual funds before reductions in which the portfolio invests as of January 31, 2014. The underlying mutual fund expense data was from each fund's most recent financial statement.
2. The "Program Manager Fee" is the percentage of net assets paid to Fidelity by the trust for performing services for the U.Fund College Investing Plan.
3. The "State Fee" is the percentage of net assets retained by the trust.
4. The "Miscellaneous Fee" represents any other type of fee or expense imposed by the U.Fund College Investing Plan.
5. The "Total Annual Asset-Based Fee" illustrates the total fees assessed against net assets annually. Please refer to the “Hypothetical $10,000 Investment Cost Chart” in the Fact Kit to review the impact of fees and expenses on a hypothetical $10,000 investment over 1-, 3-, 5-, and 10-year periods.
6. The "Annual Account Maintenance Fee" is the annual fee deducted from an account balance each year. The U.Fund College Investing Plan does NOT assess an annual account maintenance fee.
7. Portfolio 2012 (Fidelity Funds) assets were transferred to the College Portfolio (Fidelity Funds) on 12/18/13.
521005.11.0

U.Fund College Investing Plan Fee and Expense Structure as of 1/31/14: Fidelity Index Funds

Portfolio Estimated Underlying Fund Expenses1 Program Manager Fee2 State Fee3 Miscellaneous Fee4 Total Annual Asset-Based Fee5 Annual Account Maintenance Fee6
Portfolio 2033 (Fidelity Index) 0.16% 0.045% 0.045% N/A 0.25% N/A
Portfolio 2030 (Fidelity Index) 0.16% 0.045% 0.045% N/A 0.25% N/A
Portfolio 2027 (Fidelity Index) 0.16% 0.045% 0.045% N/A 0.25% N/A
Portfolio 2024 (Fidelity Index) 0.17% 0.045% 0.045% N/A 0.26% N/A
Portfolio 2021 (Fidelity Index) 0.18% 0.045% 0.045% N/A 0.27% N/A
Portfolio 2018 (Fidelity Index) 0.19% 0.045% 0.045% N/A 0.28% N/A
Portfolio 2015 (Fidelity Index) 0.20% 0.045% 0.045% N/A 0.29% N/A
College Portfolio (Fidelity Index)7 0.20% 0.045% 0.045% N/A 0.29% N/A
Aggressive Growth Portfolio (Fidelity Index) 0.15% 0.045% 0.045% N/A 0.24% N/A
Moderate Growth Portfolio (Fidelity Index) 0.17% 0.045% 0.045% N/A 0.26% N/A
Conservative Portfolio (Fidelity Index) 0.20% 0.045% 0.045% N/A 0.29% N/A
Intermediate Treasury Index Portfolio 0.20% 0.045% 0.045% N/A 0.29% N/A
International Index Portfolio 0.20% 0.045% 0.045% N/A 0.29% N/A
Spartan 500 Index Portfolio 0.10% 0.045% 0.045% N/A 0.19% N/A
Total Market Index Portfolio 0.10% 0.045% 0.045% N/A 0.19% N/A
1. The "Estimated Underlying Fund Expenses" are based on a weighted average of the expenses of the mutual funds before reductions in which the portfolio invests as of January 31, 2014. The underlying mutual fund expense data was from each fund's most recent financial statement.
2. The "Program Manager Fee" is the percentage of net assets paid to Fidelity by the trust for performing services for the U.Fund College Investing Plan and is currently at an annual rate of 0.045%.
3. The "State Fee" is the percentage of net assets retained by the trust and is currently at an annual rate of 0.045%.
4. The "Miscellaneous Fee" represents any other type of fee or expense imposed by the U.Fund College Investing Plan.
5. The "Total Annual Asset-Based Fee" illustrates the total fees assessed against net assets annually. Please refer to the "Hypothetical $10,000 Investment Cost Chart" in the Fact Kit to review the impact of fees and expenses on a hypothetical $10,000 investment over 1-, 3-, 5-, and 10-year periods.
6. The "Annual Account Maintenance Fee" is the annual fee deducted from an account balance each year. The U.Fund College Investing Plan does NOT assess an annual account maintenance fee.
7. Portfolio 2012 (Fidelity Index) assets were transferred to the College Portfolio (Fidelity Index) on 12/18/13.
521003.10.0

U.Fund College Investing Plan Fee and Expense Structure as of 1/31/14: Multi-Firm Funds

Portfolio Estimated Underlying Fund Expenses1 Program Manager Fee2 State Fee3 Miscellaneous Fee4 Total Annual Asset-Based Fee5 Annual Account Maintenance Fee6
Portfolio 2033 (Multi-Firm) 1.03% 0.25% 0.10% N/A 1.38% N/A
Portfolio 2030 (Multi-Firm) 1.02% 0.25% 0.10% N/A 1.37% N/A
Portfolio 2027 (Multi-Firm) 1.00% 0.25% 0.10% N/A 1.35% N/A
Portfolio 2024 (Multi-Firm) 0.95% 0.25% 0.10% N/A 1.30% N/A
Portfolio 2021 (Multi-Firm) 0.87% 0.25% 0.10% N/A 1.22% N/A
Portfolio 2018 (Multi-Firm) 0.78% 0.25% 0.10% N/A 1.13% N/A
Portfolio 2015 (Multi-Firm) 0.67% 0.25% 0.10% N/A 1.02% N/A
College Portfolio (Multi-Firm)7 0.61% 0.25% 0.10% N/A 0.96% N/A
1. The "Estimated Underlying Fund Expenses" are based on a weighted average of the expenses of the mutual funds before reductions in which the portfolio invests as of January 31, 2014. The underlying mutual fund expense data was from each fund's most recent financial statement.
2. The "Program Manager Fee" is the percentage of net assets paid to Fidelity by the trust for performing services for the U.Fund College Investing Plan.
3. The "State Fee" is the percentage of net assets retained by the trust.
4. The "Miscellaneous Fee" represents any other type of fee or expense imposed by the U.Fund College Investing Plan.
5. The "Total Annual Asset-Based Fee" illustrates the total fees assessed against net assets annually. Please refer to the "Hypothetical $10,000 Investment Cost Chart" in the Fact Kit to review the impact of fees and expenses on a hypothetical $10,000 investment over 1-, 3-, 5-, and 10-year periods.
6. The "Annual Account Maintenance Fee" is the annual fee deducted from an account balance each year. The U.Fund College Investing Plan does NOT assess an annual account maintenance fee.
7. Portfolio 2012 (Multi-Firm) assets were transferred to the College Portfolio (Multi-Firm) on 12/18/13.
595436.7.0

U.Fund College Investing Plan Fee and Expense Structure as of 1/31/14: Bank Deposit Portfolio

Portfolio Estimated Underlying Fund Expenses1 Program Manager Fee2 State Fee3 Miscellaneous Fee4 Total Annual Asset-Based Fee5 Annual Account Maintenance Fee6
Bank Deposit Portfolio 0.00%-0.40% 0.00%-0.05% 0.05% N/A 0.05%-0.50% N/A
1 The "Bank Administration Fee" is the fee paid to Fidelity for the performance of administrative services related to the Bank Deposit Portfolio. The fee is a daily charge against the net assets of the Bank Deposit Portfolio at an annual rate of 0.00%–0.40% depending on the daily Federal Funds Target Rate and is as follows: (a) 0.00% if the Federal Funds Target Rate is 0.00% to <0.50%; (b) 0.20% if the Federal Funds Target Rate is 0.50% to <0.75%; and (c) 0.40% if the Federal Funds Target Rate is 0.75%+.
2. The "Program Manager Fee" is the percentage of net assets paid to Fidelity by the trust for performing services for the U.Fund College Investing Plan.
3. The "State Fee" is the percentage of net assets retained by the trust.
4. The "Miscellaneous Fee" represents any other type of fee or expense imposed by the U.Fund College Investing Plan.
5. The "Total Annual Asset-Based Fee" illustrates the total fees assessed against net assets annually. Please refer to the “Hypothetical $10,000 Investment Cost Chart” in the Fact Kit to review the impact of fees and expenses on a hypothetical $10,000 investment over 1-, 3-, 5-, and 10-year periods.
6. The "Annual Account Maintenance Fee" is the annual fee deducted from an account balance each year. The U.Fund College Investing Plan does NOT assess an annual account maintenance fee.
561781.5.0

Questions?

Call a college savings representative.

More information

  • Financial aid planning

    Learn more about how much you'll be expected to contribute to education expenses.

  • MEFA

    Get details on the state agency’s education programs, college savings plans, and low-cost financing options.

The U.Fund College Investing Plan is offered by MEFA and managed by Fidelity Investments. If you or the designated beneficiary is not a Massachusetts 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.
MEFA is a not-for-profit self-financing state authority that works to make higher education more accessible and affordable for students and families in Massachusetts through community education programs, college savings plans, and low-cost financing options.

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.

Although the underlying deposits are eligible for FDIC insurance, subject to applicable federal deposit insurance limits, the Units of the Bank Deposit Portfolio are not insured or guaranteed by the FDIC or any other government agency. You are responsible for monitoring the total amount of your assets on deposit at the depository bank, including amounts held directly at the depository bank. All such deposits held in the same ownership capacity at the depository bank are subject to aggregation and to the current FDIC insurance coverage limitation of $250,000. Please see a 529 fact kit for more details.
Brokerage services provided by Fidelity Brokerage Services, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
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