Scholars Choice 529 Age-Based Option: Age 0-3

highlights

  • Age-Based Automatic Allocation investment options let you invest based the beneficiary’s age. 
  • The investment objective of the Age-Based options is to seek total return through an asset allocation and designated mix of investments which is consistent with the age ranges of the beneficiaries invested in the various portfolios available under this option.
  • Contributions will be initially allocated to one of seven portfolios based upon the age of the beneficiary at time of account opening.
  • Every three years, as the beneficiary grows older and closer to college age, your assets will automatically adjust from more aggressive portfolio allocations in early years (made up of mostly equity funds to take advantage of potential long-term growth opportunities) to more conservative portfolio allocations (made up of mostly fixed income funds to manage short-term market volatility) as your child reaches college age. 
Target Fund allocations may not total 100% due to rounding.

meet your managers

QS Investors is a quantitative asset manager that provides multi-asset class and global equity solutions. Their approach unites intellectual and academic precision with the power of data and technology in their quest to elevate the certainty of outcomes they deliver.


Acting with conviction and discipline, we look beyond short-term, conventional thinking to rigorously pursue long-term value across differentiated fixed income, equity, and alternative solutions.


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.


One of the world’s leading global fixed income managers. Founded in 1971, the firm is known for team management, proprietary research and long-term fundamental value approach.


The international value equity investment team’s selection process for the Fund in this Portfolio is fundamentally driven, bottom-up, and valuation-sensitive. The Fund is a focused, diversified portfolio of leading, mostly large-cap international companies – centered on providing attractive risk-adjusted returns with mitigated volatility versus its benchmarks.


The manager employs a bottom-up, long-term investment strategy that goes to great lengths in search of undervalued stocks outside of the United States. The Fund seeks long-term capital growth by investing at least 80% of its net assets in foreign securities, which may include emerging markets.


To find out more about the Scholars Choice 529 Age-Based: 0-3 option, 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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