The New York 529 College Savings Program Advisor Plan is provided by Columbia Menagement LLC. The Columbia 529 plan provides three ways to invest: Age-based Portfolios, Asset Allocation Portfolios and Customized portfolios. With the custom portfolio option, the assets in your Columbia 529 Plan account will be reallocated only at your instruction, but changes to existing investments within the plan can be made only once per calendar year. MyPlanIQ.com provides asset allocation strategies for the third-way investors to constructs customized 529 portfolios, which is better tailored to their risk profile. The model portfolios are constructed basing on the plan custom portfolios below.
Columbia portfolios Portfolio name Underlying fund
Columbia Acorn NY 529 Columbia Acorn
Columbia Acorn Select NY 529 Columbia Acorn Select
Columbia Acorn USA NY 529 Columbia Acorn USA
Columbia Large Cap Value NY 529 Columbia Large Cap Value
ColumbiaMarsico Growth NY 529 ColumbiaMarsico Growth
ColumbiaMid Cap Value NY 529 ColumbiaMid Cap Value
Columbia Small Cap Value NY 529 Columbia Small Cap Value I
Columbia Small Cap Core NY 529 Columbia Small Cap Core
Columbia Thermostat NY 529 Columbia Thermostat
Columbia Intermediate Bond NY 529 Columbia Intermediate Bond
Columbia Strategic Income NY 529 Columbia Strategic Income
Premiere portfolios
Premiere Aggressive Growth NY 529 LeggMason ClearBridge Aggressive Growth†
Premiere Classic Value NY 529 RiverSource Equity Value††
Premiere Large Cap Value NY 529 BlackRock Large Cap Value
Premiere Global Allocation NY 529 UBS Global Allocation
Premiere International Equity NY 529 JPMorgan International Equity
For further information, please visit the Columbia official website or the Plan File.
Investment options of PreTest 3-day Plan The Columbia New York 529 College Savings Program Advisor Plan
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Investment model portfolios
We provide two types of investment model portfolios for PreTest 3-day Plan The Columbia New York 529 College Savings Program Advisor Plan participants. You can customize and follow a model portfolio in your plan account.
Types of portfolio strategies
- Strategic asset allocation portfolio: It invests in a diversified portfolio of multiple assets, buy-and-hold without frequently changing the asset allocation weights.
- Suitable: For long-term (more than 15 years, preferably more than 20 years), want to be tax efficient and can withstand interim drawdown or loss as high as 50% or more.
- Pros:
- Less error-prone
- Infrequent rebalancing or transactions
- Tax efficient for taxable brokerage investments
- Cons:
- Interim loss or drawdown can be substantial
- Possible low returns for an extended period, such as 10 years or longer
- Tactical asset allocation portfolio: it invests in a diversified portfolio of multiple assets, dynamically adjust stock and bond allocations to minimize losses during market stress.
- Suitable: For long-term (more than 10 years or preferably longer) capital. Investors are willing to rebalance as frequent as monthly.
- Pros:
- Reduce large interim loss or drawdown
- Less sensitive to investment entry point
- Likely to improve returns
- Cons
- Demand more frequent rebalancing or transactions
- Less tax efficient — more suitable in a tax-deferred account such as 401(k) or IRA
- Can experience a period of lower returns compared to a broad-based strategic allocation or a buy-and-hold benchmark, especially in some bull markets
These portfolios are proactively monitored and rebalanced on a monthly basis when needed, ensuring it remains in line with its target allocation.
Let us know (Email us) if you need help to create a custom model portfolio for your plan.