Manulife 529 College Savings Plan - T Rowe Price Blue Chip Growth 529 Portfolio
JBCAX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- John Hancock Freedom 529 P.O. Box 219035 Kansas City United States of America 64121
- IPO Date
- Nov 11, 2021
- Website
- jhinvestments.com
- Similar Companies
- Business
- Manulife John Hancock Investments offers the John Hancock Freedom 529 college savings plan, sponsored by the Education Trust of Alaska, featuring the T. Rowe Price Blue Chip Growth 529 Portfolio (ticker: JBCAX) as a core individual portfolio option focused on long-term capital growth through investments in large-cap blue chip companies with strong market positions, seasoned management, and robust financial fundamentals; the portfolio primarily allocates at least 80% of net assets to growth-oriented equities, including significant exposure to technology sectors, alongside complementary static and enrollment-based portfolios utilizing mutual funds from over 20 leading asset managers such as T. Rowe Price. The plan provides tax-advantaged savings for qualified education expenses including tuition, fees, room and board, books, computers, up to $10,000 annually for K-12 tuition, student loan repayments up to $10,000, and rollovers to Roth IRAs up to $35,000 lifetime limits; it supports flexible contributions starting at $250 with automatic bank transfers, lump-sum gifting up to $95,000 ($190,000 for couples) over five years without federal gift taxes, and beneficiary changes within family members. Available nationwide with no residency requirements, the plan targets families saving for higher education at U.S. and international institutions, vocational programs, apprenticeships, and continuing education; certain states offer tax deductions or credits on contributions, and account holders may qualify for in-state University of Alaska tuition after two years. Launched in 2009 as the Alaska John Hancock Freedom 529 Plan through a partnership between the Education Trust of Alaska, Manulife John Hancock Investments, and T. Rowe Price, the program operates from headquarters in Boston, Massachusetts, with global backing from parent Manulife Financial Corporation. In April 2025, John Hancock Investment Management rebranded to Manulife John Hancock Investments to reflect broader global capabilities and deeper Manulife integration, enhancing clarity on its wealth and asset management offerings while maintaining heritage brands. On February 24, 2025, the plan transitioned to a new recordkeeping platform and improved online client experience for streamlined account management and access to tools like the Education Planning Center for college guidance and scholarships. These enhancements build on prior fee reductions, such as those in 2014 that lowered costs across portfolios, and emphasize multimanager diversification overseen by the three core partners.