The portfolio lists a 1.64% Gross Expense Ratio (Class B).
The Fund lists an 0.57% Gross Expense Ratio (Class I).
Am I correct in thinking that both layers of fees apply? So if the Fund goes up 2% in a given year, I'm actually in the hole a little bit?
If so (I haven't looked deeply at 529 plans), are most of other 529 plans built in this same way?