Virginia529 College Savings Plan Received Nod in National Ranking

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Two Virginia529 college savings programs earn Silver medal rankings from investment research firm Morningstar in results released Tuesday of its annual review of the largest 529 college savings plans.

Virginia529 College Savings Plan
Virginia529 inVEST and CollegeAmerica are among the eight programs that are "most appealing to college savers, with reasonable fees, strong investment options, and capable oversight."

Two Virginia529 College Savings Plan programs earned Silver medal rankings from investment research firm Morningstar in results released Tuesday of its 2014 review of the largest 529 college savings plans.

The direct-sold program Virginia529 inVEST (inVEST) moved up to Silver from its Bronze rank in 2013. Morningstar praised inVEST’s “diversified portfolios, strong underlying funds, and recent fee reduction.” inVEST offers a variety of investment options managed by highly-regarded investment groups such as Vanguard, American Funds and Aberdeen.

CollegeAmerica, the advisor-sold program sponsored by Virginia529 and featuring investment options from American Funds, maintained its Silver medal position in 2014’s list. CollegeAmerica is the only advisor program to achieve such a high ranking by Morningstar in 2014.

Kathryn Spica, senior analyst for Morningstar, wrote that “Gold- and Silver-rated plans are those that our analysts consider the most appealing to college savers, with reasonable fees, strong investment options, and capable oversight.”

The Morningstar analysis of inVEST praised its “sensible approach in blending active and passive management” in its investment options, noting that “[t]his balance keeps costs in check while retaining the potential for outperformance.”

Morningstar evaluated 64 plans, awarding eight Gold and Silver medals including the two earned by Virginia529 programs.

About Virginia529 College Savings Plan:
Virginia529 is a 529 college savings plan that offers flexible, affordable, tax-advantaged savings for qualified higher education expenses through its four programs: Virginia529 prePAID SM (prePAID SM), Virginia529 inVEST SM (inVESTSM), CollegeAmerica® and CollegeWealth®. Nearly $53 billion in assets under management and 2.3 million accounts as of June 30, 2014 make Virginia529 the largest 529 plan available. For more information on Virginia529’s college savings options, visit Virginia529.com or call 1-888-567-0540 to obtain program materials. These include information on Virginia529 programs, investment objectives, risks, charges, expenses and other important information; read and consider them carefully before investing. All investments are subject to risk, including the possible loss of the money you invest.

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Kelley Hope
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