State Treasurer Clint Zweifel announces MOST 529 Advisor Plan continues to outperform other states
Wednesday, September 12, 2012
Third consecutive quarter Savingforcollege.com gives No. 1 ranking to Missouri
JEFFERSON CITY – Savingforcollege.com, a nationally respected website, has ranked MOST–Missouri's 529 Advisor Plan No. 1 for the third consecutive quarter State Treasurer Clint Zweifel (ZWY-ful) announced today. That means the advisor plan is the top performing plan in the nation for one-year performance among all advisor-sold 529 Plans. The Savingforcollege.com rankings report may be found here.
“The MOST 529 Advisor Plan continues to provide Missourians with the top quality investments they expect for their higher education savings,” Treasurer Zweifel said. “September is College Savings Month, a great time to discuss how more Missourians than ever are saving for college. Nearly 15,000 account owners have taken advantage of the No. 1 ranked MOST 529 Advisor Plan by investing more than $157 million. To learn more about the Most 529 Advisor Plan and how it can help you save, visit www.most529advisor.com.”
Savingforcollege.com updates 529 plan rankings quarterly.
MOST 529 Advisor Plan accounts grow tax deferred. Missourians can visit www.most529advisor.com or contact a financial advisor to learn more. Additionally, tax-free withdrawals can be made for qualified higher-education expenses*, contributions qualify for significant Missouri State income tax deductions** and a wide range of investment options are available.
About DWS Investments
DWS Investments is the U.S. retail brand of Deutsche Bank’s global asset management division. DWS is the leading mutual fund brand in Germany and one of the most respected in Europe and Asia. With access to the expertise of a powerful global network in 16 countries, DWS Investments strives to make innovative investment strategies and solutions, traditionally reserved for institutions and high net worth individuals, available to the US retail investor.
About the MOST 529 Advisor Plan
The MOST 529 Advisor Plan is distributed by DWS Investments. Upromise Investments serves as program manager. DWS Investments became distributor as part of the new management contract for MOST 529 that took effect in June 2011. Its investment options were also added at the time.
Savingforcollege.com<http:> (“SFC”), an independent resource on 529 college savings plans, ranked the MOST 529 Advisor plan 1 out of 33 for one-year performance and 3 out of 27 for three-year performance excluding sales charges (Class A) for the period ending 6/30/12. The MOST 529 Advisor plan ranked 1 out of 32 for one-year performance and 6 out of 26 for three-year performance including maximum sales charges (Class A) for the period ending 6/30/12. Rankings for the five-year period ending 6/30/12 are not available as the plan did not have at least one portfolio with sufficiently-long performance in a minimum of four asset allocation categories under SFC’s ranking model. Past performance is no guarantee of future results.
SFC’s proprietary 529 performance rankings are published quarterly and show best- to worst-performance results for both direct-sold and advisor-sold plans. The 529 Plan Composite Rankings are based on a comparison of the historical investment performances of a representative selection of each 529 plan’s investment options. Plans are ranked based on the weighted average performance of seven asset allocation categories (100% Equity, 80% Equity, 60% Equity, 40% Equity, 20% Equity, 100% Fixed, and 100% Short Term) for the one, three, and five-year periods ending 6/30/12.
For more information, please visit savingforcollege.com. Results publisher is JFH Innovative, LLC.
*Contributions to the plan in a tax year are deductible from Missouri state income tax up to certain limits, but may be subject to recapture in subsequent years if you make a nonqualified withdrawal.
** Earnings on nonqualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.
If you are not a Missouri taxpayer, consider before investing whether your or the 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.
For more information about MOST - Missouri's 529 Advisor Plan, contact your financial advisor, call 1-800-617-5097, or visit most529advisor.com to obtain a Plan Description. Investment objectives, risks, charges, expenses, and other important information are included in the Plan Description; read and consider it carefully before investing. DWS Investments Distributors, Inc., serves as Distributor.
The Missouri Higher Education Savings Program (the "Program Trust") is a trust created by the State of Missouri. When you invest in MOST - Missouri's 529 Advisor Plan (the "MOST 529 Advisor Plan" or the "Plan"), you are purchasing portfolio units issued by the Program Trust. Portfolio units are municipal securities. The MOST 529 Advisor Plan has been implemented and is administered by the Missouri Higher Education Savings Program Board (the "Board"). Upromise Investments, Inc., and Upromise Investment Advisors, LLC, serve as the Program Manager and Recordkeeping and Servicing Agent, respectively, with overall responsibility for the day-to-day operations. The Plan's portfolios, although they invest in mutual funds, are not mutual funds. DWS Investments Distributors, Inc. is responsible for marketing and distribution of the MOST 529 Advisor Plan. American Century Investment Management, Inc.; BlackRock Fund Advisors; BlackRock Institutional Trust Company, N.A.; Capital Research and Management Company; Columbia Management Investment Advisers, LLC, and its affiliates; Deutsche Investment Management Americas Inc.; Invesco Advisers, Inc.; Pacific Investment Management Company LLC (PIMCO); Scout Investments, Inc.; T. Rowe Price Associates, Inc.; and Templeton Global Advisors Limited provide underlying investments for the MOST 529 Advisor Plan.
Investment returns are not guaranteed, and you could lose money by investing in the MOST 529 Advisor Plan. Participants assume all investment risks, including the potential for loss of principal, as well as responsibility for any federal and state tax consequences.
Not FDIC-Insured. No Bank, State, or Federal Guarantee. May Lose Value.