WASHINGTON, D.C. — The U.S. Treasury launched the Trump Accounts program on July 4, 2026, finalizing selections for the investment funds and depositing $1,000 into accounts for eligible children.

As part of the program, the U.S. Treasury selected BlackRock's iShares Core S&P 500 ETF (IVV) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). Both ETFs have expense ratios of 0.03%. The State Street SPDR Portfolio S&P 500 ETF (SPYM) was designated as the default initial investment option for these accounts. Additionally, the Treasury included the State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) in the lineup of available investment options.

Vanguard was named an alternate fund partner, with its Vanguard Total Stock Market ETF (VTI) listed as an alternative investment option. Bank of New York Mellon will manage the initial Trump Accounts. The program, also known as 530A accounts, is available to any U.S. child under 18 possessing a Social Security number.

The Treasury will deposit $1,000 as seed money into a Trump Account for each child born between 2025 and 2028 who has a valid Social Security number. Following the July 4 launch, parents, guardians, grandparents, and other contributors can deposit up to $5,000 annually into these accounts.

Why It Matters

The launch of the Trump Accounts program establishes a new federally supported savings initiative targeting children. By providing initial seed money and a framework for further contributions, the program aims to facilitate long-term investment for beneficiaries. The selection of specific ETFs from BlackRock, State Street, and Vanguard provides defined investment vehicles for these accounts.