The U.S. Treasury Department has finalized the fund selection for the Trump Accounts, a new government-backed child savings program set to launch on July 1.
The agency selected two exchange-traded funds managed by BlackRock as the primary investment options, while naming Vanguard as an alternate fund partner for the initiative.
The announcement marks a key operational step for the program, which aims to provide a structured savings vehicle for children.
By choosing established asset managers with deep ETF expertise, the Treasury is signaling a preference for low-cost, transparent investment structures for the accounts.
The inclusion of Vanguard as an alternate suggests a contingency plan or a phased rollout strategy for fund availability.
This development follows recent disclosures regarding President Trump's personal investment activities, including reports of significant equity purchases in 2025.