my529 receives Morningstar’s highest rating for 8th consecutive year
Once again, Utah’s my529 ranks among the top 529 educational savings plans in the nation. Morningstar Research Services LLC, which provides independent investment research, rated my529 with a Morningstar Analyst Rating™ of Gold for 2018. This is the eighth consecutive year that my529 has earned Morningstar’s premier accolade. Morningstar Research Services LLC is a subsidiary of Morningstar Inc.
“Utah’s my529 has a new name, but its core tenets of robust investments, low cost, and exceptional state oversight remain,” wrote Madeline Hume, Morningstar manager research analyst for multi-asset and alternative strategies, in her October 30, 2018, report. “We reaffirm its Morningstar Analyst Rating™ of Gold.”
Morningstar evaluated 62 plans nationwide in the annual report, with my529 as one of four to earn the Gold rating. Morningstar’s Manager Research Group assesses 529 plans based on oversight, underlying investment quality, the asset-allocation approach used by the age-based portfolios, fees, and performance.
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.