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Invest 529 Investment Options and Performance

FDIC–Insured Portfolio

Atlantic Union Bank Omnibus Account

Effective Interest Rate: 5.40% (5.63% APY)

Investment Strategy

The Portfolio invests 100% of its assets in interest bearing omnibus deposit accounts at Atlantic Union Bank. Deposits made into the omnibus accounts on behalf of investors are pooled in these accounts where they are commingled with deposits of other investors in the Portfolio. The accounts earn competitive rates with interest compounded and paid daily into the accounts. The interest rate will be reviewed by the bank periodically and is subject to change at any time.

Investment Portfolio Unit Value Daily Change YTD Return1 1 Month2 3 Month2 1 Year2 3 Year2 5 Year2 10 Year2 Since Inception2 Inception Date Expense Ratio
FDIC–Insured $11.66 0.02% 2.47% 0.47% 1.37% 5.44% 3.26% 2.57% N/A 2.07% Jan 2017 0.000%
Benchmark N/A N/A N/A N/A N/A N/A N/A

1. YTD Return as of 6/12/2024.
2. Total Returns as of 05/31/2024.

Average Annual Returns

Updated Monthly as of 05/31/2024

1 Year 3 Year 5 Year Since Inception Jan 2017
FDIC–Insured Portfolio 5.44% 3.26% 2.57% 2.07%


The FDIC–Insured Portfolio’s Benchmark is a blended composite benchmark reflecting the asset strategic benchmark index components for each underlying investment manager, and an adjustment reflecting the administrative fee for the Portfolio:

  • Federal Reserve Bank of New York Overnight Bank Funding Rate

The underlying omnibus bank accounts effective interest rate interest rate is 5.40% as of 4/2/2024 (5.63% annual percentage yield). This rate is variable and subject to change at any time. There is no minimum balance required to obtain this rate. Interest earnings realized by participants will be reduced by the VA529 Administrative Fee.

Portfolio Fees as of 5/31/2024

Fee Type Percent
Asset Management Fees 0.000%
Administrative Fee 0.000%
Expense Ratio (Asset Management + Administrative Fee) 0.000%

Historical Prices

Date Price
6/12/2024 $11.66
6/11/2024 $11.66
6/10/2024 $11.66
6/7/2024 $11.65
6/6/2024 $11.65

Investment Objective

The Portfolio seeks income consistent with the preservation of principal.

Investment Risks

The portfolio invests 100% of its assets in interest bearing omnibus deposit accounts at Atlantic Union Bank. The rate of interest applicable to this account will be reviewed periodically and is subject to change at any time.

Investments in the Portfolio may not be insured by the FDIC to the full value of the investment. Although deposits in the omnibus account in which the Portfolio invests are insured by the FDIC on a ‘pass–through’ basis to each account owner up to $250,000, the amount of the FDIC insurance applicable to any account owner may be less than $250,000 if the account owner has other eligible FDIC insured accounts. In addition, the amount of FDIC insurance applicable to an account owner is subject to applicable law and the rules and regulations of the FDIC which change from time to time.

Investments in the Portfolio may not be insured by the FDIC if the FDIC determines certain requirements have not been met. VA529 and Atlantic Union Bank must meet certain requirements in order for FDIC insurance to ‘pass–through’ to individual account owners invested in the Portfolio. If VA529 and Atlantic Union Bank do not meet those requirements, deposits in the omnibus account may not be insured by the FDIC.

Portfolio Selection Assistant

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Fees & Expenses

Learn more about the types of fees and how they are applied to your account.

Invest529 Calculators

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  1. All investment return information is calculated by BNY Mellon Asset Servicing. Returns are presented net of management fees and Invest529 administrative fees. Returns for periods greater than one year are annualized.
  2. The Fund Benchmark is a custom benchmark that provides for the comparison of Fund performance results to an appropriate strategic benchmark index with an adjustment reflecting the Invest529 administrative fee for the Fund.
  3. Past performance is no guarantee of future results. Please refer to the Invest529 Program Description before making any investment decision.