my529’s Investment Manager Series: PIMCO Interest Income Fund and FDIC-Insured

my529 offers multiple principal preservation products, including the PIMCO (Pacific Investment Management Company) Interest Income Fund and our FDIC-Insured accounts.

The PIMCO Interest Income Fund is a separately managed stable value fund. It is available in our Target Enrollment Date, Static and Customized investment options. This fund focuses on preserving principal and providing liquidity while generating steady returns. It was introduced into my529’s investment portfolio in August 2018. As of the end of Q3 2024, about 5% of my529’s total AUM is invested in the PIMCO Interest Income Fund.

While the PIMCO fund has been a more recent addition, FDIC-Insured has been in our portfolio since 2009. The FDIC-Insured accounts are held in trust by my529 at Sallie Mae Bank (90%) and U.S. Bank (10%). Contributions in these accounts are protected by the Federal Deposit Insurance Corporation on a pass-through basis to each account owner at each bank up to the maximum amount set by federal law, which is $250,000. As of the end of Q3 2024, about 9% of my529’s total AUM is invested in FDIC-Insured.

A fund fact sheet and prospectus about the PIMCO and FDIC-Insured funds are available on our website.

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Investing is an important decision. The investments in your account may vary with market conditions and could lose value. Carefully read the Program Description in its entirety for more information and consider all investment objectives, risks, charges and expenses before investing. For a copy of the Program Description, call 800.418.2551 or visit my529.org.

Account Value. Investments in my529 are not insured or guaranteed by my529, the Utah Board of Higher Education, the Utah Education Savings Board of Trustees, any other state or federal agency, or any third party. However, Federal Deposit Insurance Corporation (FDIC) insurance is provided for the FDIC-Insured investment option. In addition, my529 offers investment options that are partially insured for the portion of the respective investment option that that includes FDIC-insured accounts as an underlying investments. Units in my529 have not been registered with the United States Securities and Exchange Commission or with any state securities commission.

FDIC insurance is subject to limits set by federal law. Click here for more information about FDIC Insurance.

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Information on this website is believed to be accurate when posted and is qualified in its entirety by the Program Description.