Why Fees Matter
Put More of Clients’ Savings to Work
Help clients invest more efficiently
By recommending a 529 college savings plan, you are already guiding clients to one of the most effective solutions available. But don’t stop there. Every dollar families put toward college is a down payment on the future. Optimize their savings with a low-fee plan like Legg Mason's Scholars Choice Plan.
Annual Asset-Based Fees
1 This total is assessed against assets over the course of the year and includes annual distribution fees. It does not include sales charges or an annual account maintenance fee.
2 CollegeInvest currently is electing to waive 0.04% (4 basis points) of its 0.10% administration fee. While such waiver continues in effect, CollegeInvest will receive an administration fee at an annual rate of 0.06% (6 basis points) of the average daily net assets of each portfolio. Absent such waiver, the indicated range of estimated annual asset-based fees would be higher.
3 Breakpoints for Class A units: Initial sales charges and selling commission for Class A units are based upon the aggregate amount invested. Instead of a flat rate of 3.5%, the initial sales charge applicable to the purchase of Class A units will be based on a schedule that provides for a reduced initial sales charge rate as the size of an account owner’s aggregate amount invested in Scholars Choice increases to certain levels called “breakpoints.” The PDS also describes the circumstances in which multiple purchases of units of the portfolios, by persons other than the account owner and/or based on future expected purchases, may be combined to take advantage of such breakpoints.
4 Class B units are no longer available for purchase. However, an account owner who is changing investment option(s) may transfer existing Class B units of a portfolio to Class B units of another portfolio, if available.
5 Class O units may only be purchased in accounts established as part of a Corporate Plan, in certain grandfathered accounts, and/or accounts established pursuant to a fee-based.
Positioning Scholars Choice
What sets us apart?
IMPORTANT INFORMATION: An investor should consider the Program's investment objectives, risks, charges and expenses before investing. The Program Disclosure Statement, which contains more information, should be read carefully before investing. If an investor and/or an investor's beneficiary are not Colorado taxpayers, they should consider before investing whether their home states offer 529 plans that provide state tax and other benefits benefits such as financial aid, scholarship funds, and protection from creditors that are only available to state taxpayers investing in such plans.
Investments in the Scholars Choice College Savings Program are not insured by the FDIC or any other government agency and are not deposits or other obligations of any depository institution. Investments are not guaranteed by the State of Colorado, CollegeInvest, QS Investors, LLC, Legg Mason Investor Services, LLC, or Legg Mason, Inc., or its affiliates and are subject to risks, including loss of principal amount invested.
Legg Mason, Inc., its affiliates, and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the “promotion or marketing” of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.
Scholars Choice® is a registered service mark of CollegeInvest. CollegeInvest and the CollegeInvest logo are registered trademarks. Administered and issued by CollegeInvest, State of Colorado. QS Investors, LLC is the Investment Manager and Legg Mason Investor Services, LLC is the primary distributor of interests in the Program; together they serve as Manager of the Program. QS Investors, LLC, ClearBridge Investments, LLC, Brandywine Global Investment Management, LLC, Western Asset Management Company, and Legg Mason Investor Services, LLC are Legg Mason, Inc. affiliates. Thornburg Investment Management, Inc. and Templeton Global Advisors Limited are not affiliated with Legg Mason, Inc.
Audited financial statements for the Scholars Choice® College Savings Program, including balance sheets, income statements, cash flow statements, and the Management's Discussion and Analysis (MDA), may be viewed at https://www.collegeinvest.org/about-us/financial-statements or a hard copy may be obtained by calling Scholars Choice at 1-888-572-4652.
An investment in the Cash Reserve Portfolio is not a bank deposit and is not insured or guaranteed by the FDIC or any other governmental agency. There is no assurance that the Cash Reserve Portfolio will be able to maintain the value of its units at $1 per unit. It is possible to lose money by investing in this option. The Cash Reserve Portfolio will not seek capital appreciation and may underperform other investment options.
While the Cash Reserve Portfolio will invest all of its assets in a money market mutual fund and will value its units based on the underlying money market fund share value, the Cash Reserve Portfolio itself is not a money market mutual fund.