New 529 Data Reports Aid in College Savings Planning

Money Management Executive (MME) has announced the release of comprehensive, unique 529 reports to help mutual fund companies, financial advisers, and their clients more accurately plan college savings.
The reports use data compiled by 1693 Analytics, LLC of Williamsburg, Virginia, to show the complete average costs – including tuition, room and board, along with offsetting financial aid – for in-state residents attending public colleges and universities in each of the 50 U.S. states, MME said in a press release. Each State Tuition Index and Datasheet weights each college and university tuition and fee average based on its enrollment size.
In addition, the database analyzes changes in tuition, both at the state and national level, since 1990 to project a minimally acceptable return (MAR) that a 529 investor would need to meet future college costs. “With MME’s Tuition MAR statistics, a set of core absolute return benchmarks are now available to assist mutual fund companies, 529 plan sponsors and financial planners in evaluating the ongoing success of a college savings plan investment,” said Adam Reinebach, publisher of MME, in the release.
Each report also includes data showing the upside risk and downside potential of each state’s tuition costs rising at a rate greater than, or less than, the national average. “The MAR statistics give mutual fund companies another metric for evaluating the appropriateness of investment offerings in a 529 plan,” Baker said. “In states with higher MAR values, you fail an investor if you’re not providing investments that can meet the college cost needs.’
Each state report costs $99, and the full set of 50 state reports is $2,995. The reports can be obtained at www.mmexecutive.com, or by calling Anthony Noe at 212-803-6099.

SSgA Announces Fixed Income ETFs

State Street Global Advisors (SSgA) has announced five new fixed income SPDRs exchange-traded funds (ETFs) that will begin trading on the American Stock Exchange on Wednesday.
According to a State Street news release, the five new SPDRs are:
  • The Lehman Brothers 1-3 Month U.S. Treasury Bill Index, which includes all publicly issued zero-coupon U.S. Treasury Bills that have a remaining maturity of less than three months and more than one month, are rated investment grade, and have $250 million or more of outstanding face value. Expense Ratio: 0.13%.
  • The Barclays US Government Inflation-Linked Index, which includes publicly issued, U.S. Treasury inflation protected securities that have at least one year remaining to maturity on index rebalancing date, with an issue size equal to or exceeding $500 million. Expense Ratio: 0.18%.
  • The Lehman Brothers U.S. Aggregate Index, which provides a measure of the performance of the U.S. dollar denominated investment grade bond market. Expense Ratio: 0.13%.
  • The Lehman Brothers Intermediate U.S. Treasury Index, which includes all publicly issued U.S. Treasury securities that have a remaining maturity of greater than or equal to one year and less than 10 years, are rated investment grade, and have $250 million or more of outstanding face value. Expense Ratio: 0.13%.
  • The Lehman Brothers Long U.S. Treasury Index, which includes all publicly issued, U.S. Treasury securities that have a remaining maturity of 10 or more years, are rated investment grade, and have $250 million or more in outstanding face value. Expense Ratio: 0.13%.
More information is at www.ssga.com.

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