Expenses change for several funds in the Customized options
Two fund managers have changed the expenses for several underlying funds available in my529’s Customized investment options.
Vanguard Group Inc. raised the underlying fund expense of its International Value Fund (VTRIX) from 0.35% to 0.36%, or $3.60 per $1,000 invested annually. The change went into effect on February 25, 2022.
Dimensional Fund Advisors lowered the underlying fund expense for six of their funds offered within the Customized investment options. The reductions went into effect on February 28, 2022.
Account owners invested in the Customized options do not own the underlying Vanguard and Dimensional funds. They own units of my529 options that correspond to the underlying funds.
Any changes in fund expenses are mirrored in the cost of the corresponding my529 options.
See the changes in the accompanying table for Customized investment options.
|Fund||Ticker||Current Underlying Fund Expense||Previous Underlying Fund Expense|
|DFA US Small Cap Value Portfolio||DFSVX||0.30%||0.39%|
|DFA International Value Portfolio||DFIVX||0.29%||0.34%|
|DFA One-Year Fixed Income Portfolio||DFIHX||0.13%||0.17%|
|DFA Five-Year Global Fixed Income Portfolio||DFGBX||0.24%||0.26%|
|DFA Global Allocation 25/75 Portfolio||DGTSX||0.23%||0.24%|
|DFA US Sustainability Core 1 Portfolio||DFSIX||0.18%||0.20%|
|Vanguard International Value Fund||VTRIX||0.36%||0.35%|
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