Target Enrollment 2038/2039 Investment Option
UTAMX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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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
- United States of America
- IPO Date
- Jul 22, 2021
- Website
- investor.vanguard.com
- Similar Companies
- Business
- my529, Utah's Educational Savings Plan (my529), operates as a tax-advantaged 529 college savings plan administered by the Utah Higher Education Assistance Authority under the oversight of the Utah Board of Higher Education; the plan provides investment options designed for saving toward qualified higher education expenses, including college tuition, K-12 costs, apprenticeships, and credential programs, with recent expansions under the 2025 One Big Beautiful Bill Act allowing broader K-12 uses such as curriculum materials, tutoring, and online tools up to $20,000 annually starting in 2026. Core products and services encompass 12 Target Enrollment Date portfolios, including the Target Enrollment 2038/2039 Investment Option (UTAMX), which gradually shifts from aggressive equity-heavy allocations (approximately 64% equities, including Vanguard Institutional Total Stock Market Index Fund and Vanguard Total International Stock Index Fund; 35% fixed income via Vanguard Total Bond Market Index Fund and Vanguard Total International Bond Index Fund; plus minor holdings in PIMCO Interest Income Fund and FDIC-insured savings) to conservative principal preservation as the beneficiary nears college enrollment; 10 Static investment options such as Total US Stock Market (UTSTX), Global Equity blends, Balanced (UTSBX), and FDIC-Insured (UTFIX) or Stable Value (UTPSVX) portfolios; and Customized Age-Based or Static options enabling allocations across underlying Vanguard mutual funds (81% of assets), Dimensional Fund Advisors funds (4% of assets), PIMCO Interest Income Fund, and FDIC-insured accounts at Sallie Mae Bank and U.S. Bank. The plan serves residents of any state with low fees (UTAMX asset-based fee of 0.131%), two option changes per year, gifting via credit/debit cards, and tools for financial advisors through a Limited Power of Attorney platform; it targets parents, grandparents, employers, and advisors saving for beneficiaries' postsecondary and K-12 education primarily in the U.S.. Founded in 2001 (celebrating 25 years in 2025 or 2026 context), my529 is headquartered in Salt Lake City, Utah, managing over $25.5 billion in assets across 573,529 accounts as of early 2025, with consistent Morningstar Gold ratings for 15 years due to investment design, low costs, and performance. Recent major developments include the January 2025 appointment of Mark M. Cain as Executive Director succeeding Richard K. Ellis (retired April 2025 after growing assets 76% since 2019 and cutting fees 30%), ongoing use of 20 Vanguard underlying funds added progressively since 1999, eight Dimensional funds since 2013, and federal updates enhancing 529 flexibility like permanent ABLE rollovers and K-12 expansions effective July 2025.