High Yield Bank Savings 529 Portfolio

Overview

Unit value as of  
Day change
Total annual asset-based fees  
Inception date   9/27/2024

Investment objective

The High Yield Bank Savings 529 Portfolio seeks income consistent with the preservation of principal.


Investment strategy

The assets in this Investment Portfolio are invested solely in a FDIC-insured interest-bearing deposit account at Union Bank and Trust and/or Nelnet Bank. This portfolio is referred to as “High Yield” because the interest rate credited to the portfolio is 0.20% higher than the effective federal funds rate in effect at any given time.

APY: 5.03% as of 10/01/2024


Risk level

Conservative

Moderate

Aggressive

Learn more about how risk potential could affect your investment by completing our Risk Tolerance Questionnaire.


Historical performance

Average annual total returns as of 9/30/2024

Category High Yield Bank Savings 529 Portfolio Benchmark
Year to date
1 year
3 years
5 years
10 years
Since inception 0.00% 0.04%

Average annual total returns as of 9/30/2024

Category High Yield Bank Savings 529 Portfolio Benchmark
Year to date
1 year
3 years
5 years
10 years
Since inception 0.00% 0.04%

The performance data quoted represent past performance and are net of all fees and expenses. Past performance is not a guarantee of future results. Your returns and the principal value of your account will fluctuate, so your investment may be worth more or less than the original value when you withdraw your money. Current performance may be lower or higher than the performance quoted above. Investors cannot invest directly in a benchmark.

All performance figures in the table, with the exception of the performance figures in the year-to-date column, represent the average annual compound rate of the total return. All figures in the year-to-date column represent cumulative, nonannualized returns.

Asset allocation

  • 100.00% Capital Preservation

Underlying funds

Ticker Underlying fund Allocation
N/A UBT/Nelnet Banks Savings 100.00%

The above table lists the underlying holdings in which this portfolio invests and the percentage of the portfolio’s assets allocated. Please keep in mind that if you invest in this portfolio, you will own this portfolio; you will not have direct ownership of its underlying holdings. For more information on investment portfolios, fees and expenses, including cost examples, please read the Plan Description.

To learn more about the Bright Start Direct-Sold College Savings Program, its investment objectives, risks, charges and expenses please see the Plan Description at BrightStart.com before investing. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. Check with your home state to learn if it offers tax or other benefits such as financial aid, scholarship funds or protection from creditors for investing in its own 529 plan before investing.

The material contained on this website is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or investment strategy and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. Investment decisions should be based on an investor’s objectives and circumstances.

TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, is the distributor and underwriter for the Bright Start Direct-Sold College Savings Program.