Scholars Choice 529 U.S. Aggressive Equity Individual Fund Option

highlights

  • The Individual Fund Investment Options allow you to work your financial advisor to develop and implement a customized higher education savings strategy based on your particular needs and goals.  Choose from five Individual Fund Options, each investing in a single underlying mutual fund.
  • When investing in an Individual Fund Investment Option, your account's asset allocation will stay the same as long as you remain invested, unless you make an investment option change. 
  • The Individual Fund Options may be used to create a fully customized portfolio, in conjunction with other Individual Fund, Static Multi-Fund or Automatic Allocation investment options available within the Scholars Choice 529 Program, or in conjunction with investments outside of the Program as part of an overall college savings strategy. The Individual Fund Options also may be appropriate for investors who seek to obtain more targeted exposure to particular asset classes and who are able to tolerate an increased level of risk associated with such more targeted exposure.
  • The investment objective of each of the U.S. Aggressive Equity Individual Fund Option, the U.S. Core Equity Individual Fund Option, the U.S. Small Cap Equity Individual Fund Option and the International Equity Individual Fund Option is to seek long-term capital appreciation. The investment objective of the Global Fixed Income Individual Fund Option is to seek to maximize total return consisting of income and capital appreciation through investments in global fixed income securities.

meet your managers

Global investment manager with over 50 years of experience and long-tenured portfolio managers who seek to build income, high active share or low volatility portfolios.


Meet Your Managers

Richard Freeman

Managing Director, Portfolio Manager

Evan Bauman

Managing Director, Portfolio Manager

To find out more about the Scholars Choice 529 U.S. Aggressive Equity Individual Fund Portfolio, talk to your Financial Advisor.

Learn more about how to invest with Legg Mason

What I Should Know
Before Investing

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 such as financial aid, scholarship funds, and protection from creditors that are only available to state taxpayers investing in such plans.

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IMPORTANT PERFORMANCE INFORMATION: The performance shown represents past performance. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Principal value and investment returns will fluctuate, and investors’ units, when redeemed, may be worth more or less than the original cost.

For performance data including the effects of sales charges, Class A shares reflect the maximum front-end sales charge of 3.50% and the Class B shares reflect the maximum deferred sales charge of 2.50%. Class C shares have no initial or deferred sales charge, but are subject to a distribution fee of 0.75%. The purchase of Class O shares is restricted, as disclosed in the PDS. The unaudited performance data shown is net of all fees and expenses, but does not reflect the annual $20 account maintenance fee which is applicable to certain accounts. Class B shares are no longer available for purchase. However, an account owner who is changing investment option(s) may transfer existing Class B shares of a portfolio to Class B shares of another portfolio. Estimated Expense Ratio includes, as applicable, estimated underlying fund expenses, the Manager’s service fee, CollegeInvest’s administration fee and an annual distribution fee. Actual underlying fund expenses borne by a Portfolio may be higher or lower than the estimate of such expenses used in calculating a Portfolio’s Estimated Expense Ratio. Please read the PDS for more information concerning fees and expenses.

Current 7-day yield represents net interest income generated by the investments for the past seven days and assumes that the same income is generated each week over a 365-day period. The 7-day yield more closely reflects current portfolio earnings than does total returns. The “with waiver” 7-day yield shown for the Cash Reserve Portfolio reflects the Program Manager’s voluntary waiver of all or a portion of its service fee and Collegelnvest’s waiver of all or a portion of its administration fee, as described above. Such waivers may be reduced or terminated at any time. Returns for the Cash Reserve Option would have been lower in the absence of such waivers.

Collegelnvest currently is electing to waive 0.04% of its 0.10% administration fee commencing September 1, 2011. While such waiver continues in effect, Collegelnvest will receive an administration fee at an annual rate of 0.06% of the average daily net assets in each Portfolio. Such waiver may be reduced or terminated at any time. Portfolio returns would have been lower in the absence of such waiver.

Net Asset Value (NAV): An investment option’s net asset value (“NAV”) per unit or unit price is calculated by dividing the value of its net assets by the total number of units outstanding. NAV per unit or unit price is based on the value of the Investment Option’s investments, including its holdings in underlying mutual funds. The NAV per share of each underlying mutual fund in which the Investment Options are invested normally is determined as of the close of regular trading on the NYSE.

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 such as financial aid, scholarship funds, and protection from creditors that are only available to state taxpayers investing in such plans.

Blended Benchmark performance is shown for illustrative purposes only. The benchmark for each Investment Option is a hypothetical blend of unmanaged indices for the underlying asset classes corresponding to the Investment Option's target allocations within each asset class.  Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.  An Investment Option's benchmark may change over time to reflect changes in an asset class benchmark, the Investment Option's underlying funds and/or the Investment Option's target allocations to such funds. When an Investment Option's benchmark changes, the benchmark’s new composition is utilized to calculate benchmark performance for periods from and after such change.  Benchmark performance for periods prior to the change is not recalculated or restated based on the benchmark’s new composition.

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 investment 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. and its affiliates. 

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

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