Waddell & Reed

529 College Savings Plans

Waddell & Reed offers selling agreements with a wide range of 529 plans to help your clients manage the cost of higher education.

Among the available options is Arizona's InvestEd 529 Plan. This 529 savings program features three fund-of-fund mutual funds managed by Waddell & Reed, available as either static investment options or as part of an age-based strategy, plus 17 individual mutual funds from the Ivy Funds family.

Investors should carefully consider the investment objectives, risks, charges and expenses associated with the InvestEd Plan before investing. This and other information is found in the Waddell & Reed InvestEd Portfolios, Inc. prospectus, the Ivy Funds prospectus, the InvestEd Program Overview, and the InvestEd Account Application available at www.waddell.com. Please read these materials carefully before investing.

An investor should also consider, before investing, whether the investor's or designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's 529 college savings plan.

The Waddell & Reed InvestEd Portfolios, Inc. are managed by Waddell & Reed Investment Management Company, while the Ivy Funds are managed by Ivy Investment Management Company. Both are affiliates of Waddell & Reed, Inc.

Accounts are not insured by the State of Arizona, the Trust, the Arizona Commission for Postsecondary Education, or any other governmental entity, Waddell & Reed, Inc., or any affiliated or related party, and neither the principal deposited nor the investment return is guaranteed by any of the above referenced parties.