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529 Plan Investment Options

Future Scholar offers two different ways to invest in a wide range of investment portfolios designed to meet your risk tolerance and planning horizon.

For complete information on assets allocation ranges and permissable investment strategies and the special risks that may be associated with some of the underlying mutual funds, see the Program Description pdf.

Age-Based Choice

The Automatic Allocation choice allows you to follow an investment strategy that varies based on the age of the child or the number of years remaining before the child is expected to enroll in college. As enrollment in college draws near, the mix of investments in your account automatically shifts from more aggressive equities to more conservative fixed-income and money market mutual funds.1The principal value is not guaranteed at any time.

Age-Based Portfolios     Enlarge

The percentage allocations shown above are target allocations as of November 2014. These target allocations, and the actual percentage allocations to each underlying fund and asset class, are subject to change at any time. In addition, the underlying funds included in the asset allocation portfolios may change. For the target allocation ranges to individual asset classes, please see the Future Scholar Portfolio Construction pdf.

Note: For complete information on asset allocation ranges, permissible investment strategies and special risks that may be associated with the underlying mutual funds please see the Program Descriptionpdf.

1An investment in money market funds is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in money market funds.

All of the Future Scholar investments, with the exception of the Legacy Capital Preservation Portfolio*, are direct purchases of a municipal fund security issued by the State of South Carolina. Columbia Funds represent underlying mutual fund investments.

* Although the issuer seeks to preserve the value of the investment at a fixed share price, it is possible to lose money by investing in this portfolio. Transamerica Life Insurance and Annuity Company is not affiliated with Columbia Management Investment Distributors, Inc. or its affiliates.

Please remember there’s always the potential of losing money when investing in securities.

The portfolios invest substantially in municipal securities and will be affected by tax, legislative, regulatory, demographic or political changes, as well as changes impacting a state's financial, economic or other conditions. A relatively small number of tax-exempt issuers may necessitate the portfolios investing more heavily in a single issuer and, therefore, may be more exposed to the risk of loss than a portfolio that invests more broadly.

Please consider the investment objectives, risks, charges and expenses carefully before investing in the Future Scholar 529 College Savings Plan. Contact your financial advisor or visit futurescholar.com for a Program Description pdf , which contains this and other important information. Read it carefully before investing. You should also consider, before investing, whether the investor's or designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.

Tax treatment varies by state. The tax information set forth on this website is general in nature and does not constitute tax advice on the part of Columbia Management Investment Distributors, Inc., its affiliates or the South Carolina Office of State Treasurer. Please contact your tax advisor before making any tax related decisions.

The Direct Plan is sold directly by the Program and is limited to a specific group of investors, as described in the Program Description pdf . You may also participate in the Advisor Plan, which is sold exclusively through financial advisors. The Advisor Plan offers additional investment choices, but the fees and expenses are higher. Please contact your financial advisor for additional information on the Advisor Plan.

The Office of State Treasurer of South Carolina (the State Treasurer) administers the Program and has selected Columbia Management Investment Advisers, LLC and Columbia Management Investment Distributors, Inc. (Columbia Management) as Program Manager. Columbia Management and its affiliates are responsible for providing certain administrative, recordkeeping and investment services, and for the marketing of the Program. Columbia Management is not affiliated with the State Treasurer.


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