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iShares 529 Plan awarded Morningstar Silver rating


BlackRock’s exchange-traded fund-based iShares 529 Plan, managed in partnership with Upromise Investments, has received a Silver rating in the annual Morningstar Analyst Ratings for 529 College Savings Plans.

Morningstar says: "Arkansas' iShares 529 Plan is another Silver medallist with inexpensive advisor-sold options. This plan includes only exchange-traded funds, which replicate indexes yet trade like individual stocks. Several other plans also include ETFs, or have plans to add them to their menus, but the iShares line-up is robust and reasonably priced, giving advisors ample choice when constructing custom portfolios for clients."
"As 529 plans play an important role in financial planning, the value of a cost-efficient and quality line-up of investment options becomes even more important. With our plan, advisors have flexibility and diversity of options available for them to invest their clients' savings, with access to investment options across asset classes," says Sue Thompson, head of BlackRock's registered investment advisor channel and head of the iShares institutional asset management channel.
This is the second time the iShares 529 Plan has earned a Silver Analyst Rating from Morningstar, earning its first in Morningstar's 2012 ratings of the nation's largest 529 plans. It is one of only two advisor-sold 529 plans to receive a Silver rating.

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