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KS Learning Quest Direct |
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State Provider: Kansas; Net Assets ($mil):
$1,188.9 as of
10-31-09 |
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Kansas residents are now able to invest in any 529 plan in the country while remaining eligible for the state's generous tax deduction on contributions of up to $3,000 per beneficiary per year ($6,000 if married, filing jointly). Perversely, that undercuts the appeal for this plan. True, the American Century-run plan is competitive on price (its underlying funds are reasonably priced and its yearly program management fee is a low 0.20%), but the asset allocation is questionable. Thus, while the low fees and good underlying holdings still make this a decent option for out-of-state investors, residents now have the incentive to investigate more compelling options. (Information as of 03/12/2009) |
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| Availability: Sales Channel |
Resident: Both
Non-Resident: Both
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| Annual State Tax Deduction |
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Up to $3,000 (S),
6,000 (J)
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| Max Investment/Beneficiary |
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$300,000 |
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(includes appreciation)
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| Mos. to Qualified Withdrawal |
| Aggressive, Index, Moderate, Conservative |
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Age-Based Portfolios
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| Static Portfolios and Self-Directed Funds |
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| US Stock
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Bond |
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| Total International Funds: 25 |
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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 |
0.00
–
0.2 |
| 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 |
$1,000 |
$250 |
| Additional Purchase |
50 |
25 |
| Initial (AIP) |
50 |
25 |
| Additional (AIP) |
50 |
25 |
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