 |
|
|
| |
NV UPromise College Fund |
|
| |
State Provider: Nevada; Net Assets ($mil):
$49.2 as of
12-31-03 |
|
| |
|
|
|
 |
|
|
| |
Nevada's Upromise College Fund plan isn't a bad choice, but Nevadans and nonresidents shouldn't overlook other options. Since Nevadans don't have to pay a state income tax, in-state investors won't forego any state tax benefits if they choose a plan offered through another state. Moreover, the plan is far from best-in-class. Its plain vanilla age-based portfolios are limited compared with options offered in other states. Expenses also leave something to be desired. The plan charges an annual flat fee of 0.65% of assets for all the portfolio options, which is reasonable, but still more expensive than a similar Upromise alternative offered in Iowa. Considering fees and flexibility, investors have plenty of reasons to investigate other plans. Those not interested in the Upromise rewards program should consider the Vanguard options in Utah or the state's sibling Vanguard Nevada plan. (Information as of 04/04/2008) |
|
|
 |
|
|
|
|
| |
| Availability: Sales Channel |
Resident: Direct
Non-Resident: Direct
|
|
| Annual State Tax Deduction |
| Max Investment/Beneficiary |
|
$310,000 |
|
(includes appreciation)
|
|
| Mos. to Qualified Withdrawal |
|
Public, Private & International
|
|
|
|
| US Stock
|
|
Bond |
|
|
|
|
| Total International Funds: |
|
|
|
|
|
|
|
|
| |
| Underlying Funds’ Ratings |
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Overall Morningstar Rating |
# Equity
Funds |
|
# Bond
Funds |
|
|
| Ratings as of
06-30-08 |
|
|
|
|
|
|
|
|
| Range |
0 |
| 529 Plan Avg |
0.8 |
|
|
|
|
| Portfolio Expense Ratio Range |
| Fee to Change Beneficiary |
| Share Classes: Sales Charge |
|
|
|
|
|
| Initial Purchase |
$250 |
$250 |
| Additional Purchase |
50 |
50 |
| Initial (AIP) |
50 |
50 |
| Additional (AIP) |
50 |
50 |
|
|
|
|
|
