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NV Columbia 529 Plan |
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State Provider: Nevada; Net Assets ($mil):
$107.6 as of
10-31-09 |
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The Nevada Columbia 529 plan is the state's broker-sold option and somewhat of a mixed bag. After a number of high profile acquisitions over the past several years, Columbia is now able to offer a respectable lineup of investment options across asset classes and market capitalizations. The shop's merger with Nations Funds has brought noted growth manager Tom Marsico into the fold to go along with the impressive small-cap firm Wanger Asset Management (manager of the Acorn Funds), another subsidiary of Columbia. The plan's one age-based option may not fit everyone's taste, so investors should work with their financial advisors to establish an asset mix using the broad assortment of diversified individual fund portfolios that fits their risk tolerance and time horizon, and then revisit it periodically to dial back risk as the beneficiary nears college age. A fee cut in 2006 has helped that plan become more competitive, but it's still not cheap. The plan's age-based options cost between 1.06% and 1.36% of assets a year, and a number of its individual funds remain quite pricey, with annual fees ranging from 1.03% (a bond fund) to 1.81% of assets. Since Nevadans don't pay a state income tax and therefore don't forego any in-state tax benefits by investing in other state's plans, there's plenty of incentive for them and other investors to shop around for a potentially better deal.(Information as of 03/19/2009) |
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| Availability: Sales Channel |
Resident: Broker
Non-Resident: Broker
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| Annual State Tax Deduction |
| Max Investment/Beneficiary |
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$310,000 |
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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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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: 48 |
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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
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2.3 |
| 529 Plan Avg |
0.8 |
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| Portfolio Expense Ratio Range |
| Fee to Change Beneficiary |
| Share Classes: Sales Charge |
| A:
4.75 – 5.75% (front-load) |
| B:
4.75% (front-load) |
| B:
5% (deferred-load) |
| C:
1% (deferred-load) |
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| Initial Purchase |
$1,000 |
$1,000 |
| Additional Purchase |
50 |
50 |
| Initial (AIP) |
50 |
50 |
| Additional (AIP) |
50 |
50 |
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