Future Scholar 529 Plan
Sponsored by the Office of State Treasurer of South Carolina, our Future Scholar 529 Advisor Plan offers many benefits to investors, including a maximum account balance of $400,000 per beneficiary and a multi-managed investment lineup. While open to residents of any U.S. state, the plan offers additional tax advantages to South Carolina taxpayers.
Total Returns (%)
|YTD % PUV|
|1 Yr||3 Yr||5 Yr||10 Yr||Since Incep*||1 Yr||3 Yr||5 Yr||10 Yr||Since Incep*||Incept Date||Gross||Net|
Effective 9.1.16, performance reporting for Class A and Class AG with all sales charges reflects a maximum sales charge of 3.75% , except for the Columbia Conservative 529 Portfolio, FA Strategic Income 529 Portfolio, Columbia Income Opportunities 529 Portfolio, Columbia Total Return Bond 529 Portfolio, JP Morgan Core Bond 529 Portfolio, iShares TIPS Bond ETF 529 Portfolio, Templeton Global Bond 529 Portfolio and Columbia US Government Mortgage 529 Portfolio, which reflect a maximum sales charge of 3%.
Performance data shown represents past performance and is not a guarantee of future results. The investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data shown.
Please consider the investment objectives, risks, charges and expenses carefully before investing. Contact your financial advisor or visit columbiathreadneedle.com/us for a Program Description, which contains this and other important information about the Future Scholar College Savings Plan. Read it carefully before investing. You should also consider, before investing, whether the investor’s or designated beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s qualified tuition program.
Expense ratios are as of the plan's most recent Program Brochure & Tuition Savings Agreement. Performance may reflect waivers or reimbursements of fund expenses by the adviser or its affiliates. Absent these waivers, or reimbursement arrangements, performance results may be lower. The net and gross expense ratios shown are updated on the first day of each month.
Total returns assume the reinvestment of all underlying fund distributions at NAV. Portfolio unit value (PUV) returns do not include sales charges or contingent deferred sales charges (CDSCs). If they were included, returns would have been lower.
Pricing Alternative A: Public offering price (POP) returns are calculated with the effect of the maximum initial sales charge of 3.50% for Class A units, except for the following: The Conservative 529, FA Strategic Income 529, Columbia Income Opportunities 529, Columbia Intermediate Bond 529, JPMorgan Core Bond 529, iShares TIPS Bond ETF 529, Templeton Global Bond 529 and Columbia U.S. Government Mortgage 529 Portfolios have a maximum initial sales charge of 2.75%; the College 529 and Short Term Bond 529 Portfolios have a maximum initial sales charge of 1.00%. The Legacy Capital Preservation and Columbia Bank Deposit Portfolios have no sales charges for Pricing Alternative A, but the Legacy Capital Preservation Portfolio has a contingent deferred sales charge (CDSC) for Pricing Alternative C.
Pricing Alternative B: Public offering price (POP) returns are calculated with the effect of the applicable CDSC for the holding period after an initial purchase as follows: through the first year, 5%; second year, 4%; third year, 3%; fourth year, 3%; fifth year, 2%; sixth year, 1% and thereafter, 0%. These shares convert to Pricing Alternative A units in the eighth year after purchase. Effective December 1, 2010, Class B of each portfolio was closed to both new accounts and additional contributions to existing accounts.
Pricing Alternative C: Public offering price (POP) returns are calculated with the effect of a 1% CDSC for the first year after purchase except for the Conservative 529 and College 529 Portfolios as well as the single-fund fixed-income portfolios and the Legacy Capital Preservation 529 Portfolio, which have a 0.75% CDSC.
Pricing Alternative E: Units are sold only at portfolio unit value (PUV). Only eligible investors may purchase these units. See the program description for eligibility requirements and other important information.
Pricing Alternative Z: Units are sold only at portfolio unit value (PUV). Only eligible investors may purchase these units. See the program description for eligibility requirements and other important information.
Contributions initially invested directly into the Columbia Bank Deposit 529 Portfolio are not subject to the imposition of an initial or deferred sales charge under any Pricing Alternative.
It is not possible to invest directly in an index. For index descriptions, click here.
Columbia Management Investment Distributors, Inc., member FINRA, is the distributor and underwriter for the Future Scholar 529 College Savings Plan Financial Advisor Program. The Office of State Treasurer of South Carolina (the State Treasurer) administers the Program, and has selected Columbia Management Investment Distributors, Inc. (Columbia Management) as Program Manager. Columbia Management and its affiliates are responsible for providing certain administrative, recordkeeping and investment services, and for the marketing of the Program. Columbia Management is not affiliated with the State Treasurer.
Investments made in the Future Scholar 529 College Savings Plan:
The Advisor Plan is sold exclusively through financial advisors, while the Direct Plan is sold directly by the Program. Participation in the Direct Plan is limited to a select group of investors, as described in the Program Description. The Direct Plan offers a more limited selection of investment choices than the Advisor Plan, and the fees and expenses are lower. Please refer to the Program Description for more information.