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NextGen 529 Investment Options

NextGen 529 offers a variety of investment options in two separate series – the Direct Series and the Select Series. The Direct Series is for investors who want to manage their own investments. The Select Series is for investors who work with a financial advisor.

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.

Download DIRECT Series Program Description

Download SELECT Series Program Description

 

Direct Series

The Direct Series is for investors who want to manage their own investments.

Investment Options

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There are 12 investment options available in the Direct Series, including 10 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
  • 3 Single Fund Portfolio Options
  • 1 Principal Plus Portfolio
  • 1 NextGen Savings Portfolio

See page 28 of the Direct Series Program Description for detailed information regarding investment options.

Fees and Charges

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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% – 0.51%

*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.

See page 32 of the Direct Series Program Description for complete information regarding Program fees and underlying fund expenses.

Principal Plus Portfolio-The New York Life guaranteed interest account (“GIA”), the underlying investment in the Principal Plus Portfolio, offers an annualized interest rate of 2.15% (after expenses of 0.15% associated with the GIA that are paid to the Program Manager and New York Life) that will be guaranteed through December 31, 2021, with subsequent rate reset dates occurring semiannually beginning January 1, 2022. The GIA rate is not the rate of return of the Portfolio for any given period. Please see the Direct Series Program Description for more information.

Performance

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View the historical performance of the Direct Series Portfolios. 

Contributions

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Open your account with just $25, minimum. But, there is no initial minimum contribution when when you fund your account using automatic contributions from your payroll or bank account.

After you make your first contribution of $25, there is no minimum contribution amount.

Opening an account

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

Customer service

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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 529 representative at 877-463-9843.

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

Select Series

The Select Series is sold through financial advisors, including Merrill.

Investment options

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There are 39 investment options available in the Select Series, including 37 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
  • 22 Single Fund Portfolio Options
  • 1 Principal Plus Portfolio
  • 1 NextGen Savings Portfolio

See page 29 of the Select Series Program Description for detailed information regarding investment options.

Fees and Charges

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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%-1.25%
Client Select Series – C Unit Class 0.00%-2.00%

* 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.

See page 33 of the Select Series Program Description for complete information regarding Program fees and underlying fund expenses.

Principal Plus Portfolio-The New York Life guaranteed interest account (“GIA”), the underlying investment in the Principal Plus Portfolio, offers an annualized interest rate of 2.15% (after expenses of 0.15% associated with the GIA that are paid to the Program Manager and New York Life) that will be guaranteed through December 31, 2021, with subsequent rate reset dates occurring semiannually beginning January 1, 2022. The GIA rate is not the rate of return of the Portfolio for any given period. Please see the Select Series Program Description for more information.

Performance

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View the historical performance of the Select Series Portfolios.

Contributions

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Open your account with just $25, minimum. But, there is no initial minimum contribution when when you fund your account using automatic contributions from your payroll or bank account.

After you make your first contribution of $25, there is no minimum contribution amount.

Opening an account

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Check with your financial advisor to complete a NextGen 529 Select application.

Customer service

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Once you have opened your account, you can work with your financial advisor to manage your account. In addition, if you are a Select Series account owner who receives account statements from Sumday, you can manage your account on , Sumday’s online portal. If you are a Select Series account owner who receives account statements from Merrill, you can access your account online at MyMerrill.

Account Servicing Forms are available through your financial advisor. If you are a Select Series account Owner who receives account statements from Sumday, you can download forms from Sumday’s NextGen 529 forms web page.

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

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