my529 earns Morningstar’s top rating 10 years in a row
For the 10th straight year, my529 has been singled out as one of the premier 529 educational savings plans by a leading industry analyst. Morningstar Inc., an independent investment research firm, awarded my529 the Analyst Rating™ of Gold for 2020, the firm’s highest assessment.
With 10 years at the top rating, my529 marks a consecutive run longer than any other plan in the 529 industry. In its October 2020 report, Morningstar evaluated 61 educational savings plans across the nation and named my529 as one of three to earn the Gold rating.
Analysts assessed 529 plans for their asset allocation methodology, robust underlying investment selection process, fee structure and stewardship.
Gold-rated plans were lauded for their level of oversight, low fees, strong stewardship and exceptional investment options, including consistent and well-reasoned age-based tracks. The report indicated that both state residents and nonresidents would be well-served by the Gold-rated plans.
Analysts praised the plan’s Customized Age-Based portfolio and emphasized my529’s consistent fee reductions and efforts to enhance the plan. Morningstar commended my529’s partnerships with nonprofit organizations, which help families in low-income communities build education savings and increase college-bound identities.
A Morningstar Analyst Rating™ for a 529 college savings plan is not a credit or risk rating. Analyst ratings are subjective in nature and should not be used as the sole basis for investment decisions. Morningstar does not represent its analyst ratings to be guarantees. Please visit Morningstar.com for more information about the analyst ratings, as well as other Morningstar ratings and fund rankings.