Twelve years—the time it takes a first grader to graduate from high school. Now, it’s also the same number of years Utah’s my529 has earned consecutive top ratings from Morningstar, a span longer than any other 529 plan in the country.
Released November 2, Morningstar’s latest industry round up of 529 plans names my529 as one of only two plans to receive the Analyst Rating™ of Gold.
Analysts assessed 54 plans for their underlying investment quality and selection process, asset allocation methodology, stewardship and fee structure.
View the report here. Advisors with a Morningstar login can access the state analysis.
What differentiates the Gold-rated plans?
- Excellent state oversight.
- Asset allocation methodology.
- Low fees.
- Strong stewardship.
- Knowledgeable investment team.
Morningstar analysts highlighted my529’s Target Enrollment Date investment portfolios, as well as the Customized Age-Based option, where account owners or their advisors can design their own investment approach.
Next time you speak with your clients, consider sharing the news. The repeated recognition speaks to my529’s consistency, innovation and standing within the 529 industry.
Important Legal Notice
my529 was rated “Gold” or its equivalent by Morningstar 2004-2007, 2009, and 2011-2022; rated “Silver” or its equivalent in 2008 and 2010. The Morningstar Analyst RatingTM for 529 college savings plans is not a credit or risk rating. To determine an analyst rating, Morningstar’s analysts consider four factors: the plan’s strategy and investment process (process); an assessment of the individuals managing the plan’s investment options (people); the stewardship practices of the plan’s administration and parent firm (together, parent); and whether the plan’s investment options are a good value proposition compared to its peers (price). Plans are then assigned forward-looking ratings of “Gold,” “Silver,” “Bronze,” “Neutral,” and “Negative.” The top three ratings (Gold, Silver, and Bronze) indicate that Morningstar’s analysts think highly of a 529 plan; the differences correspond to the level of analyst conviction in the ability of a plan’s investment options to collectively outperform their respective benchmarks and peers through time, within the context of the level of risk taken. Morningstar does not rate all 529s every year; it rated 54 plans in 2022.
Analyst ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst ratings are based on Morningstar analysts’ current expectations about future events and therefore involve unknown risks and uncertainties that may cause Morningstar’s expectations not to occur or to differ significantly from what was expected. 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.