 |
|
|
| |
MO Adv Svg for Tuit Prog |
|
| |
State Provider: Missouri; Net Assets ($mil):
$99.5 as of
09-30-09 |
|
| |
|
|
|
 |
|
|
| |
Recent plan changes continue to make Missouri's 529 Advisor plan a more attractive option from a cost perspective. The most noteworthy alteration this past year was the replacement of a trio of pricey Gallatin exchange-traded fund portfolios with similarly designed iShares ETFs run by Barclays. The substitution lowered annual asset-based fees from 1.05% to 0.83% on those portfolios. Costs on the plan's A-share investment options now range from 0.69% to 1.46%, which is down significantly from the exorbitant 1.22% to 2.70% cost range implemented when Upromise first took over the plan from TIAA-CREF (which only charged 0.65% a year excluding loads and commissions). The plan offers 21 investment options made up of a generally solid group of equity and fixed-income funds from a variety of fund providers. This plan has no age-based option, so investors must rely on their brokers to monitor their portfolios and adjust their asset allocation among stocks, bonds, and cash as the beneficiary nears college-age. Residents can deduct up to $8,000 of plan contributions per year on their Missouri state income taxes (married couples filing a joint return can deduct up to $16,000 a year). But Missourians who want a better deal on costs, particularly those considering passive index strategies, should also consider the state's direct-sold plan and cheaper out of state options.(Information as of 03/23/2009) |
|
|
 |
|
|
|
|
| |
| Availability: Sales Channel |
Resident: Broker
Non-Resident: Broker
|
|
| Annual State Tax Deduction |
|
Up to $8,000 (S),
16,000 (J)
|
|
| Max Investment/Beneficiary |
| Mos. to Qualified Withdrawal |
|
Public, Private & International
|
|
|
|
|
| Static Portfolios and Self-Directed Funds |
|
| US Stock
|
|
Bond |
|
|
|
|
| Total International Funds: 4 |
|
|
|
|
|
|
|
|
| |
| Underlying Funds’ Ratings |
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Overall Morningstar Rating |
# Equity
Funds |
|
# Bond
Funds |
|
|
| Ratings as of
10-31-09 |
|
|
|
|
|
|
|
|
| Range |
0.3 |
| 529 Plan Avg |
0.8 |
|
|
|
|
| Portfolio Expense Ratio Range |
| Fee to Change Beneficiary |
| Share Classes: Sales Charge |
| A:
4.5 – 5.75% (front-load) |
|
|
|
|
|
| Initial Purchase |
$500 |
$500 |
| Additional Purchase |
50 |
50 |
| Initial (AIP) |
50 |
50 |
| Additional (AIP) |
50 |
50 |
|
|
|
|
|
