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Savings Portfolio

Overview

Unit Price as of 06/14/2024 $11.40
Change $0.00 0.00%
Annual Percentage Yield (APY) 4.26%
Expense Ratio as of 06/14/2024 0.39%
Inception Date 10/15/2012

* Interest on the High Yield Savings Account (HYSA) will be compounded daily based on the actual number of days in a year (typically, 365/365 and 366/366 in leap years) and will be credited to the HYSA on a monthly basis. The interest rate is expressed as an Annual Percentage Yield ("APY"). The HYSA APY will be reviewed by Sallie Mae Bank on a periodic basis and may be recalculated as needed at any time.

Investment Objective

The Savings Portfolio seeks income consistent with the preservation of principal.

Investment Strategy

The Savings Portfolio invests 100% of its assets in the Sallie Mae HYSA. The HYSA is held in an omnibus savings account insured by FDIC, which is held in trust by the Committee at Sallie Mae Bank.

Investments in the Portfolio earn a varying rate of interest. Interest on the HYSA will be compounded daily based on the actual number of days in a year (typically, 365/365 and 366/366 in leap years) and will be credited to the HYSA on a monthly basis. The interest rate is expressed as an Annual Percentage Yield ("APY"). The HYSA APY will be reviewed by Sallie Mae Bank on a periodic basis and may be recalculated as needed at any time. To see the current Savings Portfolio APY please visit www.brighterfuturedirect529.com or call 1.800.587.7301.

Investments in the Savings Portfolio are pooled into the FDIC-insured omnibus savings account held in trust by the Committee at Sallie Mae Bank. Subject to the application of Sallie Mae Bank and FDIC rules and regulations to each Account Owner, funds in the Savings Portfolio will retain their value as described below under "FDIC Insurance."

FDIC Insurance
Except for the Savings Portfolio, investments in Arkansas Brighter Future Direct Plan are not insured by the FDIC.

FDIC insurance is provided for the Savings Portfolio only, which invests in an FDIC-insured omnibus savings account held in trust by the Committee at Sallie Mae Bank. Contributions to and earnings on the investments in the Savings Portfolio are insured by the FDIC on a pass-through basis to each Account Owner up to $250,000, the maximum amount set by federal law. The amount of FDIC insurance provided to an Account Owner is based on the total of (a) the value of an Account Owner's investment in the Savings Portfolio and (b) the value of all other accounts held by the Account Owner at Sallie Mae Bank, as determined by Sallie Mae Bank and FDIC regulations. Plan Officials are not responsible for determining how an Account Owner's investment in the Savings Portfolio will be aggregated with other accounts held by the Account Owner at Sallie Mae Bank for purposes of the FDIC insurance.

No Other Guarantees
There is no other insurance and there are no other guarantees for the Savings Portfolio. Therefore, like all of the Portfolios, neither your contributions into the Savings Portfolio nor any investment return earned on your contributions are guaranteed by Plan Officials. In addition, the Savings Portfolio does not provide a guarantee of any level of performance or return.

Investment Risks

To the extent that FDIC insurance applies, the Portfolio is primarily subject to income risk.

Average Annual Returns - Updated Monthly as of 05/31/2024

Name 1 year 3 year 5 year 10 year Since Inception 10/15/2012
Name Savings Portfolio 1 year 4.31% 3 year 2.23% 5 year 1.68% 10 year 1.23% Since Inception 10/15/2012 1.12%

Annual Investment Returns

Year Ended Savings Portfolio
Year Ended 2023 Savings Portfolio 3.90%
Year Ended 2022 Savings Portfolio 1.03%
Year Ended 2021 Savings Portfolio 0.09%
Year Ended 2020 Savings Portfolio 0.66%
Year Ended 2019 Savings Portfolio 1.73%

Historical Prices

06/14/2024 $11.40
06/13/2024 $11.40
06/12/2024 $11.39
06/11/2024 $11.39
06/10/2024 $11.39

Search for more historical price information

Learn more about Ascensus Broker Dealer Services, LLC on FINRA's BrokerCheck.

For more information about the Arkansas Brighter Future Direct Plan, call 1.800.587.7301 or click here to obtain a Program Description and Participation Agreement, which includes investment objectives, risks, charges, expenses and other information; read and consider it carefully before making an investment or sending money.

Please Note: Before you invest, consider whether your or the beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state's qualified tuition program. You should also consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state's 529 college savings plan(s), or any other 529 plan, to learn more about those plans' features, benefits, and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

The Arkansas Brighter Future Direct Plan is a college tuition savings program sponsored by the State of Arkansas and administered by the Arkansas Section 529 Plan Review Committee ("Committee"). Ascensus Broker Dealer Services, LLC, the Program Manager, and its affiliates have overall responsibility for the day-to-day operations, including investment advisory services, recordkeeping, administrative services and marketing of the Arkansas Brighter Future Direct Plan. The Vanguard Group, Inc., serves as Investment Manager for the plan. The Arkansas Brighter Future Direct Plan's Portfolios invest in: (i) mutual funds; or (ii) an FDIC-insured omnibus savings account held in trust by the Committee at Sallie Mae Bank. Except for the Savings Portfolio, investments in the Arkansas Brighter Future Direct Plan are not insured by the FDIC. Units of the Portfolios are municipal securities and the value of units will vary with market conditions.

Investment returns will vary depending upon the performance of the Arkansas Brighter Future Direct Plan Portfolios you choose. Except to the extent of FDIC insurance available for the Savings Portfolio, you could lose all or a portion of your money by investing in the Arkansas Brighter Future Direct Plan, depending on market conditions. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences.

Not FDIC-Insured (except for the Savings Portfolio). No Bank, State or Federal Guarantee. May Lose Value.