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IN CollegeChoice 529 Inv (Direct) |
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State Provider: Indiana; Net Assets ($mil):
$261.4 as of
05-31-09 |
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In 2008 Upromise took over the plan-management duties of Indiana’s CollegeChoice 529 plan, and we think investors now have a best-in-class option. The age-based portfolios are composed of proven Vanguard index offerings and have a sensible transition from equities to fixed-income as the beneficiary grows older. Fees are very reasonable, ranging from 0.35% for a total stock market index fund to 0.95% for a single-fund international portfolio, while the age-based option hovers around a modest 0.51% to 0.53%. To top it off for Indiana residents, the plan's attractive tax incentives will remain intact. Residents receive a 20% tax credit up to a maximum of $1,000 per year on contributions. Residents and nonresidents alike should consider this inexpensive and well-constructed plan.(Information as of 03/24/2009) |
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| Availability: Sales Channel |
Resident: Direct
Non-Resident: Direct
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| Annual State Tax Deduction |
| Max Investment/Beneficiary |
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$298,770 |
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(includes appreciation)
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| Mos. to Qualified Withdrawal |
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Public, Private & International
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| Aggressive Growth, Conservative Growth, Conservative Income, Growth, Income, Moderate Growth |
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Age-Based Portfolios
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| Self-Directed Funds |
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| US Stock
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Bond |
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| Total International Funds: 1 |
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| Underlying Funds’ Ratings |
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| Overall Morningstar Rating |
# Equity
Funds |
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# Bond
Funds |
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| Ratings as of
10-31-09 |
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| Range |
0.30
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0.45 |
| 529 Plan Avg |
0.8 |
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| Portfolio Expense Ratio Range |
| Fee to Change Beneficiary |
| Share Classes: Sales Charge |
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| Initial Purchase |
$25 |
$25 |
| Additional Purchase |
25 |
25 |
| Initial (AIP) |
25 |
25 |
| Additional (AIP) |
25 |
25 |
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