Gold every step of the way

my529 earns 2022 Morningstar Gold rating

In November, Morningstar released its annual 529 industry report naming Utah’s plan as one of only two plans to earn the Analyst Rating™ of Gold.

What does a Gold rating for my529 mean for account owners?

Industry and consumer confidence

Morningstar rated 54 plans in 2022 for their investment team, asset allocation methodology, underlying investment quality and selection process, oversight, and fees. Morningstar Research Services LLC is a leading provider of independent investment research.

my529 has earned Morningstar’s top rating for 12 consecutive years, longer than any other 529 plan. That’s the time it takes for a first-grader to have grown up, graduated from high school, and enrolled in college, university or technical college—and covered qualified education expenses with their my529 account.

Twelve years of recognition underscores my529’s dedication to its account owners and beneficiaries.

Solid investment options, low costs and exceptional oversight

Investment option design, state oversight and low fees distinguished Gold-rated plans from their peers.

Analysts highlighted my529’s Enrollment Date options, where an aggressive investment allocation gradually becomes more conservative as the beneficiary ages, and the Customized Age-Based option, where account owners can design their own portfolio.

Morningstar acknowledged the consistent efforts of Gold-rated plans to keep fees low for account owners.

Recognition for oversight can assure you the plan is well-managed.

What it means to us

my529 keeps account owners’ best interests in mind. We strive to provide a high-quality, low-cost plan that helps account owners invest for the education expenses of the people who matter most to them. We’re proud to be on this journey with you as you help your beneficiaries achieve their dreams.

A Morningstar Analyst RatingTM 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.

Morningstar acknowledged the consistent efforts of Gold-rated plans to keep fees low for account owners.

Learn more

Read about my529’s fees, some of the lowest in the industry, a key component of its Morningstar rating.

low fees

April 2023 Newsletter

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Targeted Enrollment Date portfolios to receive scheduled update
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Important Legal Notice

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.

Non-Utah Taxpayers and Residents. The state in which you or your beneficiary pay taxes or live may offer a 529 plan that provides state tax or other benefits, such as financial aid, scholarship funds, and protection from creditors, not otherwise available to you by investing in my529. You should consider such benefits, if any, before investing in my529.

Consult an advisor. my529 does not provide legal, financial, investment, or tax advice, and the information provided on this website does not contain advice and cannot be construed as such or relied upon for those purposes. You should consult your own tax or legal advisor to determine the effect of federal and state tax laws on your particular situation.

Morningstar rating. 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.

my529 does not pay commissions, loads or sales charges to financial advisors nor does it endorse financial advisors.

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