This "do-it-yourself" approach* allows you to choose any combination of portfolios available in the plan equaling 100%. Portfolios include Year of Enrollment, Static and Active Allocation, and Individual funds.
Eight allocation-based portfolios consisting of a mix of underlying funds are available and designed to match a desired risk level and investment management style.
(1) This total is assessed against assets over the course of the year and includes the annualized Underlying Investment Fee, annualized Program Management Fee, and annualized Board Administrative Fee. Please refer to the following table that shows total approximate costs for a $10,000 investment over 1-, 3-, 5-, and 10-year periods.
(2) Fees are based on the expenses of the Underlying Investments as of May 15, 2023. The Underlying Investment Expenses include investment advisory fees, administrative, and other expenses, which are paid to the Investment Managers. The Annualized Underlying Investment Expenses may increase or decrease over time.
(3) The yield of the New York Life Guaranteed Interest Account is lowered by 0.20% to compensate New York Life for risk and administration costs. New York Life pays 0.10% to the Program Manager for recordkeeping and other services. This will lower the return of the Capital Preservation Portfolio.
(1) This total is assessed against assets over the course of the year and includes the annualized Underlying Investment Fee, annualized Program Management Fee, and annualized Board Administrative Fee. Please refer to the following table that shows total approximate costs for a $10,000 investment over 1-, 3-, 5-, and 10-year periods.
(2) Fees are based on the expenses of the Underlying Investments as of May 15, 2023. The Underlying Investment Expenses include investment advisory fees, administrative, and other expenses, which are paid to the Investment Managers. The Annualized Underlying Investment Expenses may increase or decrease over time.
(3) The yield of the New York Life Guaranteed Interest Account is lowered by 0.20% to compensate New York Life for risk and administration costs. New York Life pays 0.10% to the Program Manager for recordkeeping and other services. This will lower the return of the Capital Preservation Portfolio.
Five individual portfolios are available to create your own personalized investment mix. These portfolios consist of a single underlying fund made up of a mix of similar types of investments and risk levels.
(1) This total is assessed against assets over the course of the year and includes the annualized Underlying Investment Fee, annualized Program Management Fee, and annualized Board Administrative Fee. Please refer to the following table that shows total approximate costs for a $10,000 investment over 1-, 3-, 5-, and 10-year periods.
(2) Fees are based on the expenses of the Underlying Investments as of May 15, 2023. The Underlying Investment Expenses include investment advisory fees, administrative, and other expenses, which are paid to the Investment Managers. The Annualized Underlying Investment Expenses may increase or decrease over time.
(3) The yield of the New York Life Guaranteed Interest Account is lowered by 0.20% to compensate New York Life for risk and administration costs. New York Life pays 0.10% to the Program Manager for recordkeeping and other services. This will lower the return of the Capital Preservation Portfolio.
Eleven Portfolios are available based on your beneficiary’s anticipated year of enrollment*. As the year of enrollment approaches, the underlying investments will automatically change to match the shortening time horizon and appropriate risk levels.
*Assuming enrollment at age 18. Depending on your beneficiary’s intended year of enrollment, you may want to consider a different investment approach.
(1) This total is assessed against assets over the course of the year and includes the annualized Underlying Investment Fee, annualized Program Management Fee, and annualized Board Administrative Fee. Please refer to the following table that shows total approximate costs for a $10,000 investment over 1-, 3-, 5-, and 10-year periods.
(2) Fees are based on the expenses of the Underlying Investments as of May 15, 2023. The Underlying Investment Expenses include investment advisory fees, administrative, and other expenses, which are paid to the Investment Managers. The Annualized Underlying Investment Expenses may increase or decrease over time.
(3) The yield of the New York Life Guaranteed Interest Account is lowered by 0.20% to compensate New York Life for risk and administration costs. New York Life pays 0.10% to the Program Manager for recordkeeping and other services. This will lower the return of the Capital Preservation Portfolio.
For more information about The Education Plan, call 1.877.337.5268 or view the Plan Description and Participation Agreement, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing.
Please Note: Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. You also should consult a financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state’s 529 plan(s), or any other 529 plan, to learn more about those plan’s features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.
The Education Plan is administered by The Education Trust Board of New Mexico. Ascensus College Savings Recordkeeping Services, LLC, the Program Manager, and its affiliates, have overall responsibility for the day-today operations, including investment advisory, recordkeeping and administrative services. The Education Plan’s portfolios invest in: (i) mutual funds; (ii) exchange traded funds; and/or (iii) a funding agreement issued by New York Life. Investments in The Education Plan are not insured by the FDIC. Units of the portfolios are municipal securities and the value of units will vary with market conditions.
Investment returns will vary depending upon the performance of the portfolios you choose. You could lose all or a portion of your money by investing in The Education Plan depending on market conditions. Account owners assume all investment risks as well as responsibility for any federal and state tax consequences.
Ugift is a registered service mark of Ascensus Broker Dealer Services, LLC.
The Education Plan® and The Education Plan® Logo are registered trademarks of The Education Trust Board of New Mexico used under license.
All other marks are the exclusive property of their respective owners.
Not FDIC-Insured. No Bank, State or Federal Guarantee. May Lose Value.
