There are 39 investment options available in the Client 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 25 of the Select Series Program Description
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
|Client Select Series – C Unit Class
* 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 29 of the Select Series Program Description
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 2.20% (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 June 30, 2021. On July 1, 2021, the GIA interest rate will be 2.15% (after expenses) that will be guaranteed through December 31, 2021, with subsequent rate reset dates occurring semiannually beginning January 1, 2022.
View the historical performance of the NextGen Client Select Series Portfolios.
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 $500,000 for all accounts for the same beneficiary.
Opening an account
The Client Select Series is offered through a Merrill Financial Solutions Advisor or through a Maine Distribution Agent.
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 529 representative at 877-463-9843.
For more information about the Client Select Series, including but not limited to investment options and fees and expenses, read the Program Description.