Virginia inVEST 529 Plan Earns Top Marks
A notable fee reduction in 2016 boosts this college-savings plan's already strong appeal.
The following is our latest Analyst Report for Virginia inVEST 529 college savings plan. Morningstar Premium Members have access to full analyst reports such as this for 63 college savings plans, and more than 1,000 of the largest and best mutual funds. Not a Premium Member? Gain full access to our analyst reports and advanced tools immediately when you try Morningstar Premium free for 14 days.
A notable fee reduction in 2016 adds to Virginia inVEST's already strong appeal. The plan reduced its program management fee to 0.10% from 0.15% in July 2016. That reduction, paired with a move to cheaper share classes for two underlying funds earlier in the year, made the age-based funds' fees attractively priced, particularly given their significant use of actively managed strategies. This lifts the plan's Price rating to Positive. Combine the low fees with a thoughtful approach and strong underlying managers, and the plan readily earns its Morningstar Analyst Rating upgrade to Gold from Silver.