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Home › NextGen Annual Reports

Annual Reports

Each year NextGen 529 provides audited information on the makeup and performance of each of the NextGen 529 portfolios. Here are the most recent NextGen 529 annual reports.

Annual Report 2023

Annual Report 2022

Annual Report 2021

Annual Report 2020

Annual Report 2019

Annual Report 2018

Annual Report 2022

Annual Report 2021

Annual Report 2020

Annual Report 2019

Annual Report 2018

USRRMH0223U/S-2749410-1/1

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© 2023 by NextGen 529®. All rights reserved.

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NextGen 529 Annual Reports

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Alfond Grant Eligibility Guidelines

Privacy Policies

Social Media Policy

ADMINISTERED AND MANAGED BY:

FAME - Finance Authority of Maine

Program Administrator

Vestwell

Program Manager

BlackRock

Investment Manager / Program Distributor

ADMINISTERED AND MANAGED BY:

FAME - Finance Authority of Maine

Program Administrator

Vestwell

Program Manager

BlackRock

Investment Manager / Program Distributor

© 2023 by NextGen 529. All rights reserved.

Privacy Policy

NextGen 529 is a Section 529 plan administered by the Finance Authority of Maine (FAME). FAME helps Maine students and families meet the costs associated with higher education through loan, grant, and scholarship programs. FAME also oversees an extensive outreach and counseling program that is designed to encourage young people to aspire to and pursue higher education.

You may obtain the NextGen 529 Program Description by requesting a copy from your financial professional, visiting NextGenforME.com or calling the program manager at 1-833-336-4529. The Program Description should be read carefully before investing.

The Program Description contains more complete information, including investment objectives, charges, expenses and risks of investing in NextGen 529, which you should carefully consider before investing. If you are not a Maine resident, you also should consider whether your or your designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s 529 plan.

NextGen 529 accounts are not bank deposits and are not insured by the Federal Deposit Insurance Corporation (FDIC). Returns on investments in NextGen 529 accounts are not guaranteed or insured by the State of Maine, FAME or any NextGen 529 service providers. NextGen 529 participants assume all investment risk of an investment in NextGen 529, including the potential loss of principal and liability for tax penalties that are assessable in connection with certain types of withdrawals of amounts invested in NextGen 529.

Vestwell is the program manager; The Bank of New York Mellon is the program custodian; BlackRock Advisors, LLC is the program investment manager; and BlackRock Investments, LLC, Member FINRA, is the program distributor and underwriter. Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill), a registered broker-dealer, registered investment adviser, Member SIPC, is the NextGen 529 Direct Series recordkeeping agent.

Just a heads up!

You are leaving NextGenforME.com and going to Active Advisor.

ACTIVE Advisor

By proceeding, you will be leaving NextGenforME.com and heading to activeadvisor.com. That site may have a privacy policy and security that is different from NextGenforME.com. NextGen 529 is not responsible for the products, services, and content on activeadvisor.com. USRRMH0223U/S-2749410-1/1

Just a heads up!

You are leaving NextGenforME.com and going to brokercheck.finra.org, where you can check the background of a broker or dealer.

FINRA

By proceeding, you will be leaving NextGenforME.com and heading to brokercheck.finra.org. That site may have a privacy policy and security that is different from NextGenforME.com. NextGen 529 is not responsible for the products, services, and content on brokercheck.finra.org. USRRMH0323U/S-2770310-1/1

Just a heads up!

You are leaving NextGenforME.com and going to myAlfondGrant.org site.

My Alfond Grant

By proceeding, you will be leaving NextGenforME.com and heading to myAlfondGrant.org. That site may have a privacy policy and security that is different from NextGenforME.com. NextGen 529 is not responsible for the products, services, and content on myAlfondGrant.org. USRRMH0223U/S-2749455-1/1

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You’re leaving NextGenforME.com and going to the Merrill Edge website.

Merrill EDGE

By proceeding, you will be leaving NextGenforME.com and heading to merrilledge.com. That site may have a privacy policy and security that is different from NextGenforME.com. NextGen 529 is not responsible for the products, services, and content on merrilledge.com.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly-owned subsidiary of BofA Corp. USRRMH0223U/S-2749410-1/1

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You are leaving NextGenforME.com and going to the App Store where you can download the Merrill Edge® app.

App Store

By proceeding, you will be leaving NextGenforME.com and heading to the App Store. That site may have a privacy policy and security that is different from NextGenforME.com. NextGen 529 is not responsible for the products, services, and content on the App Store. 

Data connection required. Wireless carrier fees may apply. Mobile app not available on all devices.

App Store is a trademark of Apple Inc.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of BofA Corp. USRRMH0223U/S-2749455-1/1

Just a heads up!

You are leaving NextGenforME.com and going to the Google Play store where you can download the Merrill Edge® app.

Google PLay Store

By proceeding, you will be leaving NextGenforME.com and heading to the Google Play store. That site may have a privacy policy and security that is different from NextGenforME.com. NextGen 529 is not responsible for the products, services, and content on the Google Play store. 

Data connection required. Wireless carrier fees may apply. Mobile app not available on all devices.

Google Play and the Google Play logo are trademarks of Google LLC.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of BofA Corp. USRRMH0223U/S-2749455-1/1

Just a heads up!

You are leaving NextGenforME.com and going to the Gift of College site.

Gift of College Inc. and its website, giftofcollege.com, are not associated with FAME or NextGen 529, its program manager or other service providers. FAME and its program manager or other service providers each expressly disclaim any responsibility for or liability associated with Gift of College Inc.’s products and services, including but not limited to, any transaction effected through giftofcollege.com. The service is mentioned for your information only. Users should carefully review the Gift of College Terms of Use, Privacy Policy, contribution methods, and fees before using giftofcollege.com, and users assume all risks of site registration and membership, and making purchases and contributions on giftofcollege.com, as applicable. If a contribution is effected through giftofcollege.com, proper credit or investment to a NextGen 529 account cannot be guaranteed or confirmed by FAME, its program manager or other service providers.

Gift of College

By proceeding, you will be leaving NextGenforME.com and heading to giftofcollege.com. That site may have a privacy policy and security that is different from NextGenforME.com. NextGen 529 is not responsible for the products, services, and content on giftofcollege.com. USRRMH0223U/S-2749455-1/1

Just a heads up!

You are leaving NextGenforME.com and going to the Gift of College site.

Gift of College Inc. and its website, giftofcollege.com, are not associated with FAME or NextGen 529, its program manager or other service providers. FAME and its program manager or other service providers each expressly disclaim any responsibility for or liability associated with Gift of College Inc.’s products and services, including but not limited to, any transaction effected through giftofcollege.com. The service is mentioned for your information only. Users should carefully review the Gift of College Terms of Use, Privacy Policy, contribution methods, and fees before using giftofcollege.com, and users assume all risks of site registration and membership, and making purchases and contributions on giftofcollege.com, as applicable. If a contribution is effected through giftofcollege.com, proper credit or investment to a NextGen 529 account cannot be guaranteed or confirmed by FAME, its program manager or other service providers.

Gift of College

By proceeding, you will be leaving NextGenforME.com and heading to giftofcollege.com. That site may have a privacy policy and security that is different from NextGenforME.com. NextGen 529 is not responsible for the products, services, and content on giftofcollege.com. USRRMH0223U/S-2749455-1/1

Just a heads up!

You are leaving NextGenforME.com and going to Maine.gov.

ABLE Maine

By proceeding, you will be leaving NextGenforME.com and heading to Maine.gov. That site may have a privacy policy and security that is different from NextGenforME.com. NextGen 529 is not responsible for the products, services, and content on Maine.gov. USRRMH0223U/S-2749455-1/1

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FINAID

By proceeding, you will be leaving NextGenforME.com and heading to finaid.org. That site may have a privacy policy and security that is different from NextGenforME.com. NextGen 529 is not responsible for the products, services, and content on finaid.org. USRRMH0223U/S-2749455-1/1

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529 state tax calculator

By proceeding, you will be leaving NextGenforME.com and heading to the 529 state tax calculator. That site may have a privacy policy and security that is different from NextGenforME.com. NextGen 529 is not responsible for the products, services, and content on the 529 state tax calculator. USRRMH0223U/S-2749410-1/1

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College Planning Calculator

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You’re leaving NextGenforME.com and going to the Vestwell forms website.

VESTWELL

Note: Vestwell may have a privacy policy and security that is different from NextGenforME.com. NextGen 529 is not responsible for the products, services, and content on forms.vestwell.com. USRRMH0223U/S-2749410-1/1

Just a heads up!

You are leaving NextGenforME.com and going to the BlackRock website.

Blackrock

By proceeding, you will be leaving NextGenforME.com and heading to BlackRock. That site may have a privacy policy and security that is different from NextGenforME.com. NextGen 529 is not responsible for the products, services, and content on the BlackRock website. USRRMH0223U/S-2749410-1/1

Just a heads up!

You are leaving NextGenforME.com and going to the Vestwell website.

Vestwell

By proceeding, you will be leaving NextGenforME.com and heading to Vestwell. That site may have a privacy policy and security that is different from NextGenforME.com. NextGen 529 is not responsible for the products, services, and content on the Vestwell website. USRRMH0223U/S-2749410-1/1

Just a heads up!

You are leaving NextGenforME.com and going to Active Investor, the Vestwell online investor portal.

Vestwell

By proceeding, you will be leaving NextGenforME.com and heading to my.accessportals.com. That site may have a privacy policy and security that is different from NextGenforME.com. NextGen 529 is not responsible for the products, services, and content on the Vestwell online portal-Active Investor. USRRMH0223U/S-2749410-1/1

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You are leaving NextGenforME.com and going to Merrill Edge.

Merrill Edge

By proceeding, you will be leaving NextGenforME.com and heading to merrilledge.com. That site may have a privacy policy and security that is different from NextGenforME.com. NextGen 529 is not responsible for the products, services, and content on merrilledge.com.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly-owned subsidiary of BofA Corp. USRRMH0223U/S-2749410-1/1

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IRS

By proceeding, you will be leaving NextGenforME.com and heading to irs.gov. That site may have a privacy policy and security that is different from NextGenforME.com. NextGen 529 is not responsible for the products, services, and content on irs.gov.