Target Enrollment 2040/2041 Investment Option
UTANX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
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
- Target Enrollment 2040/2041 Investment Option (UTANX) operates as a target-date mutual fund portfolio within Utah's my529 educational savings plan, designed for investors anticipating college enrollment around 2040 or 2041. The portfolio gradually shifts its asset allocation to a more conservative mix over time through quarterly rebalancing, starting with higher equity exposure and transitioning toward fixed income and stable value investments as the target enrollment date approaches; it invests in a diversified blend of underlying funds including Vanguard mutual funds for U.S. and international equities and bonds, Dimensional Fund Advisors mutual funds, PIMCO Interest Income Fund, and FDIC-insured accounts at Sallie Mae Bank and U.S. Bank. my529, the sponsoring 529 plan established by the State of Utah, offers this as one of 12 Target Enrollment Date portfolios alongside static, customized age-based, and customized static options, targeting parents, grandparents, employers, and financial advisors saving for qualified higher education expenses including college tuition, K-12 tuition up to $10,000 annually, and credential programs. Headquartered in Salt Lake City, Utah, my529 has facilitated education savings for over 20 years and serves account owners nationwide with low-cost, direct-sold investment options featuring annual asset-based fees around 0.131% for UTANX; Utah residents qualify for a state income tax credit of up to 4.5% on contributions per beneficiary. The plan earned Morningstar's Gold Analyst Rating for 2025, marking the 15th consecutive year of top-tier recognition for its investment design, experienced team, and competitive fees, with underlying funds pooled through the my529 Trust where account owners hold units rather than direct shares. Recent developments include expanded federal legislation in July 2025 allowing broader 529 uses such as K-12 expenses beyond tuition and indefinite ABLE account rollovers, alongside new credit and debit card gifting options and an enhanced gifting portal for account owners. In August 2025, my529 renamed its Five-Year Global Fixed Income single-fund portfolio (UTDFX) to my529 Variable Five-Year Global Fixed Income effective July 1, reflecting updates to underlying Dimensional Fund Advisors holdings without altering the Target Enrollment series. No major acquisitions, funding rounds, or strategic alliances specific to UTANX or my529 were reported in the last 1-2 years, maintaining focus on operational enhancements like allocation table updates and tax credit promotions for 2025 contributions.