Several funds that correspond with the my529 single-fund portfolios offered in the Customized investment options have updated their underlying fund expenses. The changes announced by Vanguard and Dimensional Fund Advisors became effective February 28, 2023.
Any changes in fund expenses are reflected in the daily cost of the respective my529 portfolios.
Two funds have increased costs. Vanguard raised the underlying fund expense of its International Value Fund (VTRIX) from 0.36% to 0.38%, or $3.80 per $1,000 invested annually. VTRIX corresponds to the my529 International Value single-fund portfolio (UTVJX). Dimensional increased the underlying fund expense for Global Allocation 25/75 Portfolio (DGTSX) from 0.23% to 0.25%, or $2.50 per $1,000 invested annually. This Dimensional fund comprises the my529 Global Allocation 25/75 portfolio (UTDCX).
At the same time, Dimensional lowered the underlying fund expenses for six of their funds.
Account owners invested in the Customized options do not own the underlying Vanguard and Dimensional funds. They own units of my529 single-fund portfolios that correspond to the underlying funds.
See the changes in the accompanying table for Customized investment options. More information can be found on our website. Check out my529.org/investment-options/fees-and-expenses/ for details.
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