What will the new ScholarShare Plan fees and expenses be?
The fees for the various investment options are: 0.50% of assets in Index Fund Portfolios, 0.80% of assets in the Social Choice Portfolio, and a range of 0.72% to 1.09% of assets in Actively-Managed Fund Portfolios. For those with investments in the Guaranteed Option, fees will continue to be reflected in the rate. The process of changing 529 program managers involves moving assets from the current program manager, TFI, to the new program manager, Fidelity. Moving the assets will result in the sale of securities held by the former program manager and the subsequent purchase of new securities by the new program manager. The process of selling and purchasing securities creates a one-time transaction cost that will be nominal and will be absorbed by the ScholarShare Plan Accounts.
