RICHMOND, VA--(Marketwired - October 06, 2015) - Virginia529 College Savings Plan has added three portfolios to the Virginia529 inVEST (inVEST) tax-advantaged higher education savings program. The new portfolios became available October 1, 2015.

The new options are actively-managed portfolios targeted to various risk tolerances and complement inVEST's three passively-managed target risk portfolios. Unlike passively-managed portfolios, whose underlying funds typically mirror a market index, actively-managed portfolios seek to outperform a particular market index through asset allocation and/or selection of specific securities.

The new actively-managed portfolios are structured with the same asset allocation and underlying managers of three of inVEST's age-based portfolios; however the actively-managed portfolios' asset allocations will remain static instead of evolving. The Active Aggressive portfolio maintains a target asset allocation of 80 percent equity and 20 percent fixed income. The Active Moderate portfolio's target asset mix is evenly split between equity and fixed income. The Active Conservative portfolio's target allocation is 25 percent equity and 75 percent fixed income.

With the additions, inVEST offers 19 portfolios open for new investors. The program's investment options include eight passively-managed static portfolios, four actively-managed static portfolios and seven actively-managed age-based portfolios.

New savers can open an inVEST account with as little as $25. Current Virginia529 account owners may take advantage of the new portfolios by opening additional accounts or by making a change to their existing investments, so long as they do not exceed the two investment direction changes currently allowed per calendar year.

Learn more about Virginia529 and inVEST at

About Virginia529 College Savings Plan:
Virginia529 is a 529 college savings plan that offers flexible, affordable, tax-advantaged savings for qualified higher education expenses through its four programs: Virginia529 prePAID℠ (prePAID℠), Virginia529 inVEST℠ (inVEST℠), CollegeAmerica® and CollegeWealth®. More than $55 billion in assets under management and 2.4 million accounts as of July 31, 2015 make Virginia529 the largest 529 plan available. For more information on Virginia529's college savings options, visit or call 1-888-567-0540 to obtain program materials. These include information on Virginia529 programs, investment objectives, risks, charges, expenses and other important information; read and consider them carefully before investing. All investments are subject to risk, including the possible loss of the money you invest. Virginia529 encourages prospective participants to seek the advice of a professional concerning any financial, tax or legal implications related to opening an account. For residents of states other than Virginia: your state or the beneficiary's state of residence (if different) may sponsor a 529 plan that offers state income tax and other benefits not available to you through Virginia529 College Savings Plan. ©2015 Virginia College Savings Plan. All Rights Reserved.

Contact Information:

For more information, contact
Kelley Hope
Communications Manager