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[{"groupName":"529 Plan name change and FAQs","faqList":[{"faqnumber":1,"question":"What changed?","answer":"\u003cp\u003eEffective May 23, 2025, the USAA® 529 Education Savings Plan has been renamed\u003ci\u003e \u003c/i\u003eVictory Capital 529 Education Savings Plan. There are no changes to the administrator, investment manager, investment options or the underlying portfolios as a result of this rebrand, and there is no action required on the part of investors.\u003c/p\u003e\n"},{"faqnumber":2,"question":"Is there any action needed on the part of investors?","answer":"\u003cp\u003eNo. There is no action needed on the part of investors.\u003c/p\u003e\n"},{"faqnumber":3,"question":"Why did Victory Capital decide to rebrand the 529 Plan?","answer":"\u003cp\u003eVictory Capital licensed the brand from USAA in 2019 to facilitate a smooth transition and reduce investor confusion following Victory Capital’s acquisition of USAA Asset Management Company. Today, nearly six years later, investors know the Victory Capital brand through regular interaction with our contact center, use of our website and mobile app, and other recurring service and communication touchpoints. So, bringing the 529 Plan branding in line with Victory Capital’s broader product offerings is a natural and planned evolution.\u003c/p\u003e\n"},{"faqnumber":4,"question":"Are there any changes to the 529 Plan’s underlying investment portfolios, investment options, investment team managing the Plan or their respective investment processes?","answer":"\u003cp\u003eNo.\u0026nbsp;There are no changes to the 529 Plan’s underlying investment portfolios, investment options, investment team managing the Plan or their respective investment processes due to the change in the branding strategy.\u0026nbsp;\u003c/p\u003e\n"},{"faqnumber":5,"question":"Will any Victory Capital products continue to use the USAA brand?","answer":"\u003cp\u003eNo. The name change of the 529 Plan marks the completion of the branding strategy to bring our products that formerly leveraged the USAA brand in line with the Victory Capital brand.\u003c/p\u003e\n"},{"faqnumber":6,"question":"Did the 529 Plan Program Management Fee decrease?","answer":"\u003cp\u003eYes, effective January 1, 2025, the Program Management Fee for your 529 Plan was lowered from 0.10% to 0.08% of the average daily Net Asset Value of Plan assets. Additionally, effective January 1, 2026, the Program Management Fee will be lowered to 0.07% of the average daily Net Asset Value of your Plan assets. The Program Management Fee covers State and Administrative Fees.\u0026nbsp;\u0026nbsp;As explained in the \u003ca href\u003d\"/assets/fund-docs/529/529_Plan_Description.pdf\" target\u003d\"_blank\" title\u003d\"Plan Description\"\u003ePlan Description\u003c/a\u003e, each Plan account also indirectly bears the expenses, such as investment advisory fees, of the mutual funds underlying each Portfolio.\u003c/p\u003e\n"}]}]