NextGen

NextGen Investment Options

Whether you are investing for the future education of a child or for yourself, NextGen offers a wide selection of investment options.

NextGen offers a variety of investment options in two separate series – the Client Direct Series and the Client Select Series.  Each series offers different investment options, each with its own sales charges, fees and expense structure. Some of the same investment options are available in each series.

NextGen Client Direct Series Highlights

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Self-directed

The NextGen Client Direct Series is available for self-directed investors – those who do not seek the professional advice of a financial advisor.

Investment options

There are 11 investment options available in the Client Direct Series, including 9 managed by BlackRock, as well as the Principal Plus Portfolio and the NextGen Savings Portfolio:

  • 2 Age-Based Diversified Portfolio Options
  • 5 Diversified Portfolio Options
  • 2 Single Fund Portfolio Options
  • 1 Principal Plus Portfolio
  • 1 NextGen Savings Portfolio
Fees and Charges

Total Annual Asset-Based Fees, which include Program Fees and Underlying Fund expenses, vary based on the Portfolio option selected.

Range of Total Annual Asset-Based Fees*
Client Direct Series Units 0.00% – 0.58%

*As a percentage of a Portfolio’s average annual net assets.

  • Other fees and charges may apply.
  • Underlying Fund expenses are subject to change, affecting Total Annual Asset-Based Fees.
Performance

View historical performance of the NextGen Client Direct Series Portfolios. 

Contributions

The minimum initial contribution is $25 (no minimum when funding an account through payroll deduction or automated contributions and in certain other circumstances). The minimum subsequent contribution is also $25. The maximum contribution limit is $425,000 for all accounts for the same beneficiary.

Opening an account

You can open an account online, download an enrollment kit or request that a kit be mailed to you. Open an Account today.

Customer service

Once you have opened your account, you can manage your account online – request distributions, make investment changes and contribute. Visit merrilledge.com to register to view your account online. You will need your account number.

Account Servicing Forms are also available on this website. Contact a NextGen College Investing Plan representative at 877-463-9843.

For more information about the NextGen Client Direct Series, including but not limited to investment options and fees and expenses, read the Program Description

NextGen Client Select Series Highlights

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Work with a Financial Advisor

The NextGen Client Select Series is available for those investors who seek professional advice from a financial advisor.

Investment options

There are 34 investment options available in the Client Select Series, including 32 investment options managed by one of American Century, BlackRock, Franklin Templeton, Lord Abbett, MainStay, MFS or Neuberger Berman, as well as the Principal Plus Portfolio and the NextGen Savings Portfolio:

  • 4 Age-Based Diversified Portfolio Options
  • 11 Diversified Portfolio Options
  • 17 Single Fund Portfolio Options
  • 1 Principal Plus Portfolio
  • 1 NextGen Savings Portfolio
Fees and Charges

Total Annual Asset-Based Fees, which include Program Fees and Underlying Fund expenses, vary based on the Portfolio option selected.

Range of Total Annual Asset-Based Fees*
Client Select Series – A Unit Class 0.00%-1.32%
Client Select Series – C Unit Class 0.00%-2.07%

* As a percentage of a Portfolio’s average annual net assets.

  • Other fees and charges may apply.
  • Sales charges may apply to purchases and to certain withdrawals.
  • Underlying Fund expenses are subject to change, affecting Total Annual Asset- Based Fees.
Performance

View historical performance of the NextGen Client Select Series Portfolios.

Contributions

The minimum initial contribution is $25 (no minimum when funding an account through payroll deduction or automated contributions and in certain other circumstances). The minimum subsequent contribution is $25. The maximum contribution limit is $425,000 for all accounts for the same beneficiary.

Opening an account

The NextGen Client Select Series is offered through a Merrill Lynch financial advisor or through a Maine Distribution Agent.

Customer service

Once you have opened your account, you can work with your financial advisor to manage your account. You can also manage your account online – request distributions, make investment changes and contribute. Visit mymerrill.com to register to view your account online. You will need your account number.

Account Servicing Forms are available through your financial advisor or by contacting a NextGen College Investing Plan representative at 877-463-9843.

For more information about the NextGen Client Select Series, , including but not limited to investment options and fees and expenses, read the Program Description.

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