Maryland College Investment Plan Earns Morningstar's Highest Rating for the Fourth Year in a Row!

 

When you're saving for your child's higher education expenses, be sure to consider a 529 plan that ranks among the best in the country. The Maryland College Investment Plan, managed by T. Rowe Price, was one of only four 529 plans to receive a "Gold" rating by Morningstar in 2013 and 2012.

Morningstar’s 2013 report expressed “the Maryland College Investment Plan is an excellent choice for college savers.” Morningstar also stated that plans with a “Gold” rating represent their “highest conviction recommendations and stand out as best of breed for their ability to help college savers meet their goals.” In addition to receiving a "Gold" rating in 2013 and 2012, the College Investment Plan received Morningstar’s "Top" rating in 2011 and 2010 under Morningstar's previous rating system.

 

See how easy it is to save with a "Gold" rated college savings plan. It's a decision that can make a big difference for your child's future.

It's a decision that can make a big difference for your child's future.

 

 

All college savings portfolios are subject to market risk, including possible loss of principal.

 

 

Details on Morningstar's ratings:

2013 and 2012: Morningstar analysts reviewed 64 plans for both its 2013 ratings (10/22/13) and 2012 ratings (10/15/12), of which 4 plans received a "Gold" rating. To determine a plan's rating, Morningstar's analysts considered five factors: the plan's strategy and investment process; the plan's risk-adjusted performance; an assessment of the individuals managing the plan's investment options; the stewardship practices of the plan's administration and parent firm; and whether the plan's investment options are a good value proposition compared to its peers. Plans were then assigned forward-looking ratings of "Gold," "Silver," "Bronze," "Neutral," and "Negative." 21 of the industry's smallest plans were not rated in 2013 and 22 were not rated in 2012.

2011 and 2010: Morningstar analysts reviewed 58 plans for its 2011 ratings, of which 6 plans received a "Top" rating, and 53 plans for its 2010 ratings, of which 5 plans received a "Top" rating. Ratings for each plan in 2011 and 2010 were based on five factors: the quality of the underlying investment options; performance of those options; the skill of the managers of those options; the costs associated with each plan; and the stewardship practices of each plan's program manager. Plans were then assigned ratings of "Top," "Above Average," "Average," "Below Average," and "Bottom." To earn a "Top" rating under the previous ratings scale, a plan needed to be best-in-class across all five areas.

Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar analysts’ current expectations about future events and therefore involve unknown risks and uncertainties that may cause Morningstar’s expectations not to occur or to differ significantly from what was expected. Morningstar does not represent its Analyst Ratings to be guarantees.