CHET Receives Bronze Medal from Morningstar As One of Top College Savings Plans in Nation
"It is gratifying to know that Morningstar continues to distinguish CHET as a bronze medal plan, recognizing the value of saving for college through CHET. We at the Connecticut Treasury have worked hard to increase the range of affordable and accessible investment options available, improve investment performance, and lower costs, thereby strengthening CHET as a top-tier savings fund for
Morningstar evaluated 62 plans, identifying 31 of them, including CHET, as best-in-class options. According to Morningstar, these plans "for the most part follow industry best practices, offering low fees, a strong set of underlying investments, a solid manager selection process, a well-researched asset-allocation approach, an appropriate set of investment options to meet investor needs, and strong oversight from the state and program manager."
"These features improve the odds that a plan will continue to be a strong option for investors," Morningstar said.
Specifically for CHET direct-sold, Morningstar wrote, "The age-based portfolios consist of solid underlying investments. . . . Other good points here include the plan's fees. They're reasonable overall, and the age-based portfolios are especially compelling relative to other states' age-based portfolios that mix active and passive strategies. Plus,
About CHET
Since CHET's inception, more than
The
The CHET direct-sold college savings plan offers fourteen investment options, allowing participants to select an option or combination of options that best fit their higher education saving needs and investment philosophy. Options vary depending on the age of the beneficiary and the participant's tolerance for risk.
The CHET direct-sold plan is administered by the
Contact:
[email protected]
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