1. For administrative and recordkeeping purposes the Money Market Portfolio and the U.S. Government Money Market Portfolios have three Unit classes. Each unit class has the same fee structure. The Plan Manager and the Board have agreed to voluntarily waive the Program Management Fee and the Administrative Fee, respectively (but, in each case, not below zero) and/or reimburse expenses to the extent necessary to assist the Portfolios in attempting to maintain at least a 0.00% return. There is no guarantee that the Portfolios will maintain this return. This undertaking may be amended or withdrawn at any time.
As stated in the current Plan Description, total Plan fees for the portfolios ranged from 0.68% to 2.47% with a maximum sales charge of 5.75% and are subject to change.
This material is provided for general and educational purposes only, and is not intended to provide legal, tax or investment advice. Contact your attorney or advisor regarding your specific legal, investment or tax situation.
The LoneStar 529 Plan® is established and maintained by the Texas Prepaid Higher Education Tuition Board. NorthStar Financial Services Group, LLC (“NorthStar”) is the plan manager, and the Plan is distributed by NorthStar affiliate Northern Lights Distributors, LLC and administered by NorthStar affiliate Gemini Fund Services, LLC. Some states offer favorable tax treatment to their residents only if they invest in the state's own plan. Non-residents of Texas should consider whether their state offers its residents a 529 plan with alternative tax advantages and should consult their tax advisor. Interests in the Plan are not deposits or other obligations of any depository institution.
No part of an account, the principal invested, nor any investment return is insured or guaranteed by the FDIC, the state of Texas, the Texas Prepaid Higher Education Tuition Board, any other state or federal governmental agency or NorthStar or its subsidiaries or its affiliates. An account might not make money and could lose money (including the principal invested) if money is invested in the Plan. Interests in the Plan have not been registered with the U.S. Securities and Exchange Commission or with any state.
Before investing in the Plan, investors should carefully consider the investment objectives, risks, administrative fees, service and other charges and expenses associated with municipal fund securities. The Plan Description and Savings Trust Agreement contain this and other information about the Plan, and may be obtained by visiting www.lonestar529.com or calling 1.800.445.GRAD (4723), option #4. Investors should read these documents carefully before investing.
“LoneStar 529 Plan” is a registered service mark of the Texas Prepaid Higher Education Tuition Board. All rights reserved.
Comments or complaints may be forwarded to the following address or by calling the following number: Prepaid Higher Education Tuition Program, Office of the Comptroller of Public Accounts, P.O. Box 13407, Austin, Texas 78711-3407, 512.936.2064.