Ivy Investments
Waddell & Reed’s Ivy InvestEd 529 Plan offers multiple investment options, including six Age-Based Portfolios, six Static Portfolios, and twenty Individual Mutual Fund Portfolios, or a combination of these three portfolio options.
| Ivy InvestEd | 529 Plan |
|---|---|
| Minimum Initial Investment (lump sum contribution) | $250 |
| Minimum Initial Investment with Automatic Deposits | $150 minimum and $50 per month |
| Combined Account Maximum | $494,000 |
| Annual Account Maintenance Fee | $20 (waived for Arizona residents, account balances greater than $25,000, or accounts enrolled in Automatic Deposit) |
| Estimated Underlying Fund Expense | 0.35% – 1.17% |
| Annual distribution fee (distribution and 12b-fee) | 0% – 0.25% |
| Total Annual Asset Based Fees | 0.60% – 1.42% |
| Maximum sales charge (load) | 2.5% |
The Ivy InvestEd 529 Plan offers a variety of investment options, including:
Individual Mutual Funds
Select among 20 individual mutual funds from the Ivy Investments family, including domestic and international equity funds, specialty funds, and fixed-income funds.
Age-Based Portfolios
Select from one of six Age-Based Portfolios based on the age of your child or beneficiary. These Age-Based Portfolios are customized based on the Designated Beneficiary’s college time horizon and seeks an appropriate level of investment risk for that time horizon. These Portfolios are designed to transition investments from equity-focused holdings to more fixed-income holdings, as the Designated Beneficiary ages, in an effort to help reduce the risk of loss when capital preservation is needed most.
Static Portfolios
Six actively managed Static Portfolios allow an investor to select a comfortable risk level and its corresponding investment portfolio. Static Portfolios allow funds to stay in the portfolio of your chosen risk horizon without automatically transferring to the next Age-Based Portfolio.
Arizona’s Education Savings Plan is not insured by the State of Arizona or any of the program providers. Neither the principal deposited nor the investment return is guaranteed by the State of Arizona or the program providers.