On April 23, 2021, the PA 529 Investment Plan (IP) transitioned its Age-Based investment portfolios to Target Enrollment Date investment portfolios. An overview of this transition is available here.
The Target Enrollment Date Portfolios Underlying Holdings change quarterly. Current allocations effective July 1, 2021, are available here.
Additional details are available in a supplement to the PA 529 IP Disclosure Statement.
Current and prospective Account Owners should note:
- This transition will not impact any PA 529 IP accounts opened after April 26, 2021.
- The target enrollment date portfolios are available in two-year increments. Families may select an asset allocation that most closely matches their beneficiary’s projected enrollment date.
- In the target enrollment date portfolio, your assets are managed according to the projected enrollment date of your student and provide an even smoother transition away from equity investments (stocks) as the student prepares to start their school or program.
- Account Owners may invest in up to five (5) total portfolios at once, including target enrollment date portfolios and any of the 14 individual portfolios offered.
Current and prospective Account Owners should consider their investment strategy and overall risk tolerance when considering these investment options and may want to consult a qualified financial professional for additional guidance.
For additional information, please contact us at 800-440-4000 between 8am and 5pm ET.