Glossary

1 5 A B C D E F G H I L M N P Q R S T U W Y
1 5 A B C D E F G H I L M N P Q R S T U W Y

B

  • Balanced Fund

    A balanced fund is a mutual fund that seeks both growth and income, often through a mix of stocks and bonds.

  • Beneficiary

    A beneficiary is the recipient of the benefits from an investment. Each 529 plan account has a beneficiary. See also: Family Member.

  • Bond

    A bond is a loan to a corporation or government entity that pays interest until a maturity date. The maturity date is the date the issuer must repay the face amount (principal) of the bond.

  • Bond Fund

    A bond fund is a mutual fund that invests in different types of bonds. Bond funds may also be called fixed-income funds.

  • Broker-Sold

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For more information about The Education Plan, call 1.877.337.5268 or view the Plan Description and Participation Agreement, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing.

Please Note: Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. You also should consult a financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state’s 529 plan(s), or any other 529 plan, to learn more about those plan’s features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

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