This new investment choice adds a powerful option to a family’s overall saving strategy.
Wheaton, IL (PRWEB) September 21, 2015
Effective August 31, 2015 the Monetta Young Investor Fund was added to the New Mexico Scholar’s Edge 529 Program. The Fund will be an underlying investment in a custom choice portfolio in Scholar’s Edge domestic equity category.
The Monetta Young Investor Fund employs a passive/active investment approach primarily invested in the large-capitalization growth stocks. In addition investors automatically earn tuition discount credits that can be applied to over 340 private colleges and universities nationwide and can participate in an interactive education program that encourages kids to learn basic money skills that can last a lifetime.
“The tax benefits of a 529 saving plan combined with an investment in the Monetta Young Investor Fund gives families an edge toward investing for college,” says Robert S. Bacarella, Monetta’s President and Portfolio Manager. “This is an innovative and distinctive fund option that encourages the whole family to get involved in a college savings process.”
“This new investment choice adds a powerful option to a family’s overall saving strategy,” said Steve Dombrower, Oppenheimer’s Director of College Savings Plan. “It is one of the few investment options that actually reaches out to families in a fun and educational way.”
A 529 plan is a tax-advantaged investment vehicle designed to encourage saving for future higher education expenses. The plan allows an account holder to establish a college savings account for a beneficiary and use the money to pay for tuition, room and board, mandatory fees and required books and computers. Earnings are not subject to federal tax (and state tax, in most cases) as long as the money is used only for qualified college expenses.
Monetta Financial Services, Inc. (MFSI) is the investment advisor to the Monetta Young Investor Fund located in Wheaton, Illinois.
Scholar’s Edge® is operated as a qualified tuition program offered by the Educational Trust Board of New Mexico and is available to all U.S. residents.
For additional information please visit Scholar’s Edge 529 website at http://www.scholarsedge529.com or call 1-866-529-7283.
All investments, including those in mutual funds, have risks and principal loss is possible.
Mutual fund investing involves risk. Principal loss is possible. The portion of the Fund that invests in underlying ETF’s that track the Index will be subject to certain risks which are unique to tracking the Index. By investing in ETF’s, you will indirectly bear your share of any fees and expenses charged by the underlying funds, in addition to indirectly bearing the principal risks of the funds. The Fund may make short-term investments, without limitation, for defensive purposes, which investments may provide lower returns than other types of investments.
Monetta Financial Services, Inc. (MFSI) is the investment advisor to the Monetta Funds. The advisor has contracted with Sage Scholars, Inc. to offer Tuition Rewards (credits) to all Monetta Fund Shareholders that enroll in the Tuition Rewards program through Monetta's website.
Tuition Rewards are remitted solely as a reduction from the college’s full tuition bill and are not awarded in cash. Certain restrictions may apply. The Tuition Rewards program is offered and administered by SAGE Scholars, Inc., a private for-profit corporation. Monetta Financial Services, Inc., (MFSI) through a partnership with SAGE Scholars offers a college tuition reduction program that may be used at over 340 participating colleges nationwide. Tuition Rewards must be applied evenly over four years and that if unused by the student, they will expire three years after that student graduates from high school. All costs for the College Savings Program, including participation in the Tuition Rewards Program, are paid by MFSI. For program details and restrictions please visit http://www.tuitionrewards.com or call 1-800-Monetta.
Tuition Reward registration bonus points are issued one time only. If the investor and/or student already has a Tuition Rewards account through Monetta or another SAGE financial partner, he or she is not eligible for additional registration points.
The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The summary and statutory prospectuses contains this and other important information about the investment company, and may be obtained by calling 1-866-964-4683, or visiting http://www.younginvestorfund.com. Read it carefully before investing.
OFI Private Investments Inc., a subsidiary of OppenheimerFunds, Inc., is the program manager for Scholar's Edge and OppenheimerFunds Distributor, Inc. is the distributor of Scholar's Edge. Some states offer favorable tax treatment to their residents only if they invest in the state's own plan. Investors should consider before investing whether their or their designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program and should consult their tax advisor. These securities are neither FDIC insured nor guaranteed and may lose value.
Any tax or legal information provided is merely a summary of our understanding and interpretation of some of the current income tax regulations and is not exhaustive. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Fund nor any of its representatives may give legal or tax advice.
Before investing in the Plan, investors should carefully consider the investment objectives, risks, charges and expenses associated with municipal fund securities. The Plan Description contain this and other information about the Plan, and may be obtained by asking your financial advisor, by visiting http://www.scholarsedge529.com or calling 1.866.529.SAVE (1.866.529.7283). Investors should read these documents carefully before investing.
Scholar's Edge® is distributed by OppenheimerFunds Distributor, Inc. Member FINRA, SIPC ©Copyright 2015 OppenheimerFunds Distributor, Inc. All rights reserved.
The Monetta Young Investor Fund is distributed by Quasar Distributors, LLC.