Choose a portfolio that suits your risk tolerance and investment horizon
Account owners may choose from age–based evolving portfolios and non–evolving portfolios. Each portfolio invests in one or more mutual funds or separate accounts managed by a variety of investment managers and vary according to risk and potential growth.
Age–based evolving portfolios are designed to take into account the beneficiary’s current age and the number of years before the beneficiary is expected to need funds from the account for higher education expenses. Account owners may choose to invest in an age–based portfolio other than the one that corresponds to the beneficiary’s age. The asset allocations of the age–based portfolios (except for the Piedmont portfolio) shift every three years toward that of the Piedmont portfolio (100% stable value), which is designed to help reduce the risk of principal loss.
Prospective account owners should read the entire Program Guide, the Program Description, and the inVEST Account Agreement and Application. Seek the advice of an attorney or tax professional concerning any financial, tax or legal implications related to opening an inVEST account. The Virginia College Savings Plan cannot provide tax, legal or financial advice. Past performance is not a guarantee of future performance and returns.
You have the opportunity throughout the year to open multiple inVEST accounts for the same beneficiary in different portfolios. Account owners may change investment options once every calendar year, or whenever the beneficiary is changed. For those who own multiple inVEST accounts or, in addition to their inVEST account(s), own a CollegeAmerica and/or CollegeWealth account for the same beneficiary, these accounts will be aggregated for this investment change rule. This means that only one investment option change request will be accepted per calendar year for all of your accounts for the same beneficiary. The investment option change request can be for one or more of the individual accounts you hold for the same beneficiary so long as requests for multiple accounts are submitted at the same time. Once an investment change is made, any future subsequent investment change in any account owned by you for the same beneficiary in inVEST, CollegeAmerica or CollegeWealth within the same calendar year will be treated as a distribution and be subject to the applicable tax penalties. Transfers to or from inVEST and CollegeAmerica or CollegeWealth are considered investment option changes.
Past performance is not a guarantee of future performance and returns. See inVEST Performance to view portfolio performance over the past several years.
Performance & Risk
No guarantee of future performance
The Virginia529 College Savings Plan does not guarantee the future performance of any inVEST portfolio. Just like any investment in stocks and bonds, the performance can vary widely depending on market conditions. If you have any questions, please contact us.
Your investment is not guaranteed
Like any other investment in stocks and bonds, inVEST accounts can potentially lose principal due to market losses, and earnings are not guaranteed to cover any particular higher education cost. However, some of the portfolios have been designed with the age of the beneficiary in mind, which may reduce the risk of principal and earnings losses as the student gets closer to college. Past performance is not a guarantee of future performance and returns. See Perfomance to portfolio performance over the past several years.
Who is eligible
There are no age restrictions with a inVEST account, although the beneficiary must have been born at the time the account is opened. If you are 55 years old, and decide you want to go to college when you are 60, you can open a inVEST account and start saving for yourself. The account owner does not have to be related to the beneficiary. Account owners and beneficiaries must be U.S. citizens or legal residents.