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 0.24% 0.35%