The U.S. Department of the Treasury issued a formal announcement on July 1, 2026, outlining the investment lineup for the newly established Trump Accounts.
At launch, all contributions to Trump Accounts will be automatically invested in the State Street SPDR Portfolio S&P 500 ETF, ticker SPYM, a low-cost exchange-traded fund.
The SPYM fund tracks the performance of the S&P 500 Index and was selected to provide broad exposure to the U.S. stock market.
The fund’s expenses fall well below the statutory fee limitation established for these accounts, making it a cost-efficient default option for families.
Treasury also selected several additional low-cost index ETFs for the investment lineup, including the iShares Core S&P 500 ETF (IVV) and the Vanguard Total Stock Market ETF (VTI).
Additional State Street SPDR Portfolio funds were also included among the approved investment choices available to account holders going forward.
Treasury stated that “in the coming months, Treasury expects to make available functionality that will allow parents or guardians to choose how to allocate funds across the additional investment options.”
Until that selection functionality becomes available, all contributions will remain invested in the default SPYM fund regardless of family preferences.
All investments within Trump Accounts are strictly limited to low-cost index mutual funds or ETFs, with a 0.10% expense cap and no leverage permitted.
Trump Accounts, also formally known as 530A accounts, were enacted through President Donald Trump’s legislative package commonly referred to as the “big beautiful bill.”
U.S. citizens born between January 1, 2025, and December 31, 2028, will each receive a one-time $1,000 federal government contribution, known as the pilot program payment, deposited directly into their account.
After July 4, parents, guardians, grandparents, and others can collectively contribute up to $5,000 per year in after-tax dollars until the year before the child turns 18.
Bank of New York Mellon will officially manage the initial accounts, and families can monitor account activity through the Trump Accounts app, developed in partnership with Robinhood.
