Target Enrollment 2036/2037 Investment Option
UTALX
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- my529 (UTALX), traded as the Target Enrollment 2036/2037 Investment Option, operates as a target-date portfolio within Utah's official my529 529 college savings plan, administered by the Utah Educational Savings Trust. The portfolio invests primarily in a diversified mix of underlying funds including Vanguard Institutional Index Fund (VIIIX), Vanguard Total Stock Market Index (VSTSX), Vanguard Total International Stock Index (VTPSX), Dimensional U.S. Targeted Value Portfolio, PIMCO Interest Income Fund, Vanguard Total Bond Market Index (VTBSX), Vanguard Total International Bond Index (VTIFX), and DFA Five-Year Global Fixed Income Portfolio, with allocations approximately 54% U.S. equities, 29% international equities, 7% high-yield bonds, 3% international bonds, 4% global fixed income, and the balance in other fixed income; it gradually shifts to more conservative allocations quarterly toward capital preservation as the target enrollment year of 2036/2037 approaches, ultimately transitioning to the Enrolled portfolio. my529 offers this as one of 12 Target Enrollment Date portfolios designed for beneficiaries expected to begin higher education withdrawals around specific two-year bands, alongside Static options (e.g., 100% Equity, 80/20 Aggressive, FDIC-Insured), Customized Age-Based, and Customized Static options, all utilizing low-cost Vanguard and Dimensional mutual funds, PIMCO fixed income, and FDIC-insured accounts at Sallie Mae Bank and U.S. Bank; the plan targets families saving for qualified education expenses including college tuition, K-12 tuition up to $10,000 annually, apprenticeships, and student loan repayments. Headquartered in Salt Lake City, Utah, and established in 1996 under the Utah Education Savings Board of Trustees, my529 serves residents nationwide with no residency restrictions, offering Utah state income tax credits up to 4.5% on contributions (e.g., $2,610 maximum for joint filers per beneficiary in 2025), federal tax-free growth on qualified withdrawals, and two option changes per calendar year. In recent developments, my529 received Morningstar's Gold Analyst Rating for the 15th consecutive year in 2025, recognizing its investment design, management, and low fees (0.131% annual asset-based for UTALX); federal legislation via H.R. 1 in July 2025 expanded 529 uses to credential programs and made ABLE rollovers permanent; the plan introduced credit/debit card gifting and enhanced K-12 expense flexibility beyond tuition.