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AZ Fidelity College Savings Plan |
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State Provider: Arizona; Net Assets ($mil):
$83.7 as of
10-31-09 |
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This direct-sold Fidelity plan has good and bad. Expenses are reasonable, with total annual asset-based fees on the plan's age-based index option clocking in at 0.50% and ranging from 0.70% to 1.09% for the actively-managed age-based option. The plan also has plenty of flexibility. Besides the age-based options, it offers three static portfolios and a handful of individual fund portfolios. Arizona now allows residents to deduct as much as $750 in annual contributions from state taxes ($1,500 if married and filing jointly), so the plan now has more appeal on the tax front, too. However, because Arizona offers resident tax parity, investors can shop out-of-state and still capture those tax benefits. And despite the plan's strengths, a mixed bag of underlying holdings gives college savers reason to do so. There are a number of mediocre offerings included alongside the more respectable. Considering Fidelity is home to some top managers, a lackluster lineup is disappointing.(Information as of 03/23/2009) |
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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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$340,000 |
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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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| AZ Fidelity CS 2027, AZ Fidelity CS 2027 Idx, Age-Based |
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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: 41 |
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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 |
0.3 |
| 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 |
$50 |
$50 |
| Additional Purchase |
15 |
15 |
| Initial (AIP) |
15 |
15 |
| Additional (AIP) |
15 |
15 |
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