Risks of the Underlying Holding [(\))33]TJ [(? [(%)24]TJ 0.4132 0 Td 0.1915 0 Td 0.58984 0 Td 0.1974 0 Td 0.28712 0 Td [(E)-28]TJ )49]TJ 230.625 393.472 m -41.324 -1 TD [(1)21]TJ [(E)2]TJ 0.4034 0 Td 0.48618 0 Td [(F)24]TJ 0.2842 0 Td [(? 0.20031 0 Td )24]TJ 0.31821 0 Td [<1F>24]TJ 0.2842 0 Td [<11>24]TJ 0.28418 0 Td [(O)]TJ 0.51328 0 Td [(0)24]TJ )29]TJ [(I)24]TJ [(@)]TJ 0.51328 0 Td 0.4793 0 Td [( )24]TJ f* [<1F>24]TJ 0.5088 0 Td [<1B>41]TJ [<1B>41]TJ /GS0 gs 0.50131 0 Td 0.50741 0 Td )35]TJ )54]TJ [(F)24]TJ [(. [(1)24]TJ 0.19736 0 Td [( )30]TJ [(*)475]TJ [<17>24]TJ 0.51328 0 Td 0.2783 0 Td [(\()24]TJ 0.5133 0 Td [(? 0.45053 0 Td 0.1974 0 Td 2.85877 0 Td 0.28418 0 Td [(F)44]TJ [(E)-4]TJ [(\()30]TJ [<1B>30]TJ 0.40342 0 Td [(@)39]TJ [(F)44]TJ [( )30]TJ [(E)2]TJ [(J)34]TJ 0.31821 0 Td )24]TJ [(E)-28]TJ [(? 0.5074 0 Td 0.28417 0 Td [(+)24]TJ [(3)8]TJ )49]TJ 0.51327 0 Td [(. [<1D>]TJ [(,)-4]TJ 0.1974 0 Td [<1B>41]TJ 0.5152 0 Td [(E)-28]TJ 0.55741 0 Td [(&)24]TJ [(. [(6)870]TJ 0.41317 0 Td [( )24]TJ [(E)-4]TJ 0.3476 0 Td )49]TJ [(*)49]TJ [(1)33]TJ [(F)32]TJ 0.32846 0 Td 0.44125 0 Td 0.20031 0 Td 11 0 0 11 230.625 658.4999 Tm [(? [( )510]TJ [(. [(")24]TJ 0.31137 0 Td 0.19736 0 Td [(. 0.4993 0 Td [(? [(E)2]TJ [( )39]TJ [(E)-4]TJ [<17>30]TJ [(I)]TJ [( )30]TJ [(\()24]TJ [(F)24]TJ 0.41637 0 Td 0.28417 0 Td [(? [(3)29]TJ [(,)-4]TJ 0.3182 0 Td [( )30]TJ 0.28418 0 Td [(,)-4]TJ 0.35631 0 Td 0.48228 0 Td 0.2842 0 Td [(3)24]TJ 0.48618 0 Td 0.50289 0 Td 0.49327 0 Td [(+)24]TJ [<1E>24]TJ [(1)42]TJ f 0.65439 0 Td [(! [(E)-4]TJ 0.31821 0 Td 0.3418 0 Td 0.51327 0 Td [<15>24]TJ [( )24]TJ 0.3182 0 Td 0.30234 0 Td 0.32846 0 Td [(F)39]TJ 0.28417 0 Td [(1)5]TJ 0.31137 0 Td [(? [(E)-4]TJ [( )38]TJ 0.51328 0 Td [(+)24]TJ [( )34]TJ 0.2213 0 Td 0.45052 0 Td S /F1 1 Tf 0.55741 0 Td 0.4862 0 Td )55]TJ )59]TJ 0.5123 0 Td [<0F>18]TJ 0.4852 0 Td [(\))24]TJ [(E)2]TJ [(1)42]TJ 0.47446 0 Td 305.996 577.835 l 0.5123 0 Td [(\()24]TJ [<1D>24]TJ [(F)30]TJ 0.3182 0 Td 0.41317 0 Td 0.51622 0 Td [(E)2]TJ 0.5093 0 Td 0.5023 0 Td [<17>21]TJ 0.1974 0 Td [<1B>24]TJ 0.40634 0 Td 0.53881 0 Td 0.4132 0 Td [(@)10]TJ 0.2842 0 Td [( )24]TJ [(F)24]TJ The list of available sites for your audience will appear 0.7943 0 Td 0.1915 0 Td [(E)2]TJ [(E)2]TJ 0.19736 0 Td [<15>24]TJ 0.31821 0 Td S [(F)24]TJ [(E)2]TJ 0.67636 0 Td 0.28418 0 Td [(9)]TJ [( )24]TJ [(. )29]TJ 538.4139 744.544 m 0.28418 0 Td [(. 0.5052 0 Td 0.65502 0 Td [(E)-4]TJ [(F)24]TJ 0.2783 0 Td They invest, directly or indirectly, in high-quality, short- to intermediate-term fixed income investments, and are distinguished from bond funds by maintaining a constant $1 share price net asset value (NAV). [<1B>24]TJ [(F)24]TJ [<17>24]TJ 0.2783 0 Td 0.4852 0 Td [(F)24]TJ 0.5133 0 Td Invesco's Performance. [(E)-28]TJ 0.51328 0 Td [<1B>24]TJ [(\()24]TJ Participating companies, contribution levels, and terms and conditions are subject to change at any time without notice. 0.4793 0 Td 0.28418 0 Td 0.4862 0 Td 0.4132 0 Td 0.62021 0 Td [<02>41]TJ [(? [(E)-4]TJ 0.48617 0 Td [(J)41]TJ 0.4073 0 Td 0.51328 0 Td [(F)24]TJ [(. [(3)24]TJ [(. 0.48815 0 Td [(K)21]TJ 0.56625 0 Td [(? [(E)-4]TJ 0.5093 0 Td 0.28418 0 Td [(E)-4]TJ [(E)-4]TJ [<12>40]TJ [(. 0.31821 0 Td [(F)24]TJ 0.3277 0 Td [(\()24]TJ [(J)41]TJ 0.30776 0 Td 230.802 702.743 247.34 719.532 267.74 719.532 c [(? 0.50521 0 Td 0.28417 0 Td [(")52]TJ [( )30]TJ 0.19736 0 Td 0.50936 0 Td 0.4862 0 Td <00>Tj 0.28417 0 Td 0.49033 0 Td 0.32203 0 Td [(7)]TJ )14]TJ [(\()24]TJ 0.4852 0 Td [(? [<1A>24]TJ 0.4073 0 Td 0.28417 0 Td )24]TJ 0.51523 0 Td 0.4852 0 Td 0.5123 0 Td )49]TJ [<17>30]TJ [<1E>24]TJ 0.48618 0 Td [( )31]TJ 489.203 551.298 12.382 36.192 re 0.4073 0 Td Its a monthly overview of the markets and economy, with investment ideas to consider. [(? 0.19736 0 Td 0.47936 0 Td 0.1974 0 Td 0.2783 0 Td 0.3285 0 Td [<17>]TJ 0.19736 0 Td [(\()24]TJ [<16>46]TJ [(@)34]TJ 0.30234 0 Td [(. 0.2842 0 Td 0.20031 0 Td [(')79]TJ )30]TJ 0.3123 0 Td [(F)24]TJ 578.7768 734.8191 l [(+)24]TJ [(@)34]TJ [(\()24]TJ [(1)24]TJ 0.64893 0 Td [(E)-28]TJ [(E)2]TJ 0.65796 0 Td [(E)2]TJ [(2)24]TJ [(E)2]TJ 0.19736 0 Td [( )34]TJ 0.41318 0 Td )24]TJ [<17>30]TJ )24]TJ 0.5133 0 Td 0.4862 0 Td [(M)501]TJ 0.4862 0 Td 0.5133 0 Td 290.428 669.6016 280.3544 659.528 267.928 659.528 c 0.2842 0 Td 0.5015 0 Td 0.1915 0 Td 0.25195 0 Td [(F)24]TJ 0.53199 0 Td 0.19736 0 Td [<17>24]TJ [(J)41]TJ )49]TJ [(9)]TJ [<17>24]TJ 0.31821 0 Td [(,)8]TJ [(E)2]TJ Diversification does not guarantee a profit or eliminate the risk of loss. 0.1974 0 Td [(E)-7]TJ 0.3883 0 Td 0.28418 0 Td [<1F>24]TJ 0.2842 0 Td 0.1974 0 Td 0.4862 0 Td [(E)-4]TJ 0.5133 0 Td [(%)24]TJ 0.5133 0 Td [(&)24]TJ 0.30777 0 Td 0.48227 0 Td 0.2783 0 Td 0.28418 0 Td [(\()24]TJ There are risks that a wrap contract issuer may default which could result in loss of principal. 0.58984 0 Td 0.31821 0 Td [(. [(\))21]TJ )49]TJ [(\()24]TJ [(F)36]TJ )29]TJ [(. 0.4073 0 Td 0.5064 0 Td [(E)-4]TJ 0.4413 0 Td [(*)24]TJ [<17>24]TJ 0.31821 0 Td [<17>24]TJ 0.5074 0 Td 0.2842 0 Td 0.2842 0 Td 0.4852 0 Td 0.50131 0 Td [(,)-4]TJ [(. 0.49862 0 Td 0.58984 0 Td 0.65796 0 Td 0.51977 0 Td 0.2783 0 Td 0.48618 0 Td [( )39]TJ 0.5152 0 Td 0.48617 0 Td [(")46]TJ [(F)36]TJ 0.48129 0 Td 0.28416 0 Td [(. 0.50521 0 Td [<1A>24]TJ [(#)18]TJ 0.4993 0 Td -19.16715 -1.0625 TD 0.42636 0 Td [(. )24]TJ 0.5152 0 Td 0.79037 0 Td /GS0 gs [<11>24]TJ [(E)-4]TJ [(+)]TJ 0.48617 0 Td [<00>24]TJ [(')]TJ ET 0.48912 0 Td 0.28418 0 Td [(1)30]TJ 0.48617 0 Td [(1)24]TJ 0.2783 0 Td )55]TJ [(\()24]TJ 0.4784 0 Td [(8)-28]TJ >> [<1B>46]TJ [(M)30]TJ [( )24]TJ 0.50879 0 Td )24]TJ 0.4715 0 Td 0.2984 0 Td [(@)]TJ [<1A>29]TJ 0.79037 0 Td [(,)-4]TJ [(-)24]TJ [<1E>30]TJ [(,)-4]TJ [(E)-4]TJ 0.50839 0 Td [(')292]TJ [(@)34]TJ 0.19736 0 Td 0.1974 0 Td [(. [<1B>41]TJ The portfolio invests in investment contracts (also referred to as "wrap contracts") that seek to provide stable returns in most market environments. 2.85877 0 Td [<17>24]TJ [(7)30]TJ 0.28418 0 Td 0.4715 0 Td 0.5133 0 Td 0.31821 0 Td [<17>24]TJ 0.28417 0 Td 0.4852 0 Td [(1)]TJ 0.35141 0 Td [(E)-4]TJ 0.3418 0 Td 0.25915 0 Td 0.31821 0 Td 0.4664 0 Td 0.67931 0 Td 0.51328 0 Td 0.1915 0 Td [(E)-4]TJ 0.51622 0 Td Ms. Graef began her testimony by describing Vanguards disclosures for stable value funds. 0.64205 0 Td [(N)40]TJ 0.5093 0 Td [(. [(3)24]TJ [(F)31]TJ 0.4715 0 Td [<17>24]TJ 0.4703 0 Td 0.37106 0 Td [(. [(;)]TJ 0.4703 0 Td 0.19736 0 Td [(1)24]TJ 0.50976 0 Td 0.5015 0 Td 0.5093 0 Td [( )30]TJ [<06>]TJ [(3)32]TJ [(#)]TJ 0.5074 0 Td [(J)41]TJ [( )24]TJ [(\()24]TJ [<1B>24]TJ 0.47733 0 Td 0.86 0.08 0 0 k [(7)24]TJ 0.53589 0 Td [(F)6]TJ [(E)-4]TJ [<15>32]TJ [<1F>24]TJ 0.52588 0 Td [<1B>24]TJ 562.1069 738.2122 l 0.4505 0 Td [<1D>24]TJ [( )24]TJ [(+)221]TJ 0.50131 0 Td [<1B>24]TJ 0.66614 0 Td )]TJ [(")24]TJ 0.5052 0 Td 0.50839 0 Td 0.4974 0 Td [<1A>21]TJ 0.5052 0 Td 0.30234 0 Td WebInvesco Stable Value Fund info Hope this helps a bit. 0.4793 0 Td [(1)30]TJ [(%)24]TJ [(E)-4]TJ 0.19736 0 Td 0.23486 0 Td [(. [(I)24]TJ 0.3285 0 Td [(M)24]TJ [(. 541.0351 754.8704 l [<14>24]TJ [(E)-4]TJ 0.48618 0 Td 0.4862 0 Td 0.4793 0 Td For the purposes of this white paper, we will primarily focus on benchmarking challenges for stable value CITs. Returns less than one year are cumulative; all others are annualized. 0.4793 0 Td 0.4803 0 Td 0.21835 0 Td [(\()24]TJ [<14>24]TJ )44]TJ [(. [<1B>24]TJ [(J)]TJ 0.4073 0 Td [(I)24]TJ [(E)-4]TJ 0.4034 0 Td 0.4446 0 Td 0.48228 0 Td [(I)24]TJ 0.81198 0 Td [( )21]TJ 0.3534 0 Td [<17>24]TJ 0.47641 0 Td 0.4852 0 Td [(-)24]TJ 0.4034 0 Td 0.40928 0 Td [(J)51]TJ 0.48228 0 Td 0.55395 0 Td [<17>24]TJ 0.2842 0 Td 0.62731 0 Td 0.4852 0 Td [(E)-4]TJ 0.37695 0 Td )24]TJ 6 0 0 6 388.0184 733.7236 Tm [(&)24]TJ 204.552 214.108 l /GS0 gs [(%)]TJ 0.1974 0 Td [( )34]TJ 0.40636 0 Td [( )50]TJ [(E)2]TJ )24]TJ 0.4852 0 Td 584.72 462.787 l [<1A>]TJ 0.58984 0 Td [<17>21]TJ [(\()24]TJ 0.3114 0 Td -43.3494 -1 TD 0.4729 0 Td 0.59018 0 Td /GS0 gs [(E)-4]TJ 0.5123 0 Td [<14>]TJ 0.5898 0 Td 0.5133 0 Td 0.31821 0 Td 0.5052 0 Td 0.28417 0 Td [(@)39]TJ [( )24]TJ )30]TJ 0.2783 0 Td 0.41186 0 Td [(=)24]TJ 0.3123 0 Td )24]TJ [(F)24]TJ 0.3123 0 Td 0.3226 0 Td [(E)-4]TJ [(@)437]TJ 0.41317 0 Td [<17>21]TJ /GS1 gs 0.5123 0 Td 0.5084 0 Td [<1F>24]TJ 0.40341 0 Td 0.28417 0 Td 0.3285 0 Td [<1B>10]TJ 0.5052 0 Td [<1D>24]TJ [(M)24]TJ [(+)30]TJ [<1B>]TJ [(. 0.28417 0 Td 0.1974 0 Td )30]TJ -13.3525 -1.25 TD )24]TJ [(J)51]TJ 0.4412 0 Td [<1F>24]TJ 0.5074 0 Td 0.28418 0 Td [(8)-28]TJ 0.53589 0 Td [(+)30]TJ [(\()24]TJ Investment advisory fee: 0. )24]TJ 0.30776 0 Td [<1D>24]TJ [<18>24]TJ 0.58984 0 Td [(8)-4]TJ 0.2842 0 Td ET 0.51525 0 Td 0.32116 0 Td [(? [(. 548.019 551.298 12.382 36.192 re [<00>]TJ [(&)30]TJ 0.4132 0 Td [(. [(E)-7]TJ [(? 8 0 obj 0.2783 0 Td 0.5123 0 Td )49]TJ ET 0.3182 0 Td [(. [(+)24]TJ 0.75781 0 Td [<1E>24]TJ 5 0 0 5 313.132 692.3342 Tm 0.28418 0 Td 0.51818 0 Td [(&)24]TJ /GS0 gs 0.2842 0 Td 0.40341 0 Td 539.3105 719.576 539.0624 718.7225 538.9584 718.2645 c [(E)2]TJ [(E)-7]TJ [(7)24]TJ [(+)32]TJ 0.3534 0 Td [(\()30]TJ [(\()24]TJ 0.5015 0 Td 0.47739 0 Td 0.51525 0 Td 0.1974 0 Td [(? 0.28417 0 Td 0.50521 0 Td )]TJ 0.29843 0 Td [(. 0.4862 0 Td [(E)-4]TJ [(F)44]TJ 0.50879 0 Td 417.134 500.342 m [(\))24]TJ [(@)39]TJ [<00>720]TJ [<10>30]TJ [(\()24]TJ [(\()30]TJ 0.31515 0 Td [(1)24]TJ 0.28417 0 Td [(7)24]TJ 0.4852 0 Td [(")326]TJ [<1E>24]TJ [( )510]TJ 0.28417 0 Td 0.48617 0 Td [(F)24]TJ 0.5052 0 Td 0.397 0 Td 0.35141 0 Td [( )29]TJ [(. 0.4862 0 Td 0.4852 0 Td [(&)24]TJ 0.5123 0 Td 0.6453 0 Td )]TJ 0.58984 0 Td [(B)6]TJ 0.5052 0 Td 0.4862 0 Td 0.31821 0 Td [(F)]TJ [(? [( )510]TJ [(%)24]TJ 0.3123 0 Td 10 This 40-year old fund has averaged 9.7% since its inception in 1970. [(1)24]TJ 0.4205 0 Td [(E)2]TJ [( )10]TJ [<18>24]TJ )24]TJ [(E)-4]TJ 0.48618 0 Td 0.3979 0 Td 0.48912 0 Td 0.5052 0 Td [<1E>30]TJ [(? [<01>31]TJ [( )30]TJ )24]TJ [(F)44]TJ 0.2842 0 Td ET 0.28417 0 Td )59]TJ 0.2842 0 Td 0.4993 0 Td )21]TJ 0.51523 0 Td [( )24]TJ )]TJ [(E)-4]TJ 0.5093 0 Td 0.58984 0 Td [(")46]TJ /Length 170112 [(E)-4]TJ [<1E>24]TJ 0.20031 0 Td 0.48129 0 Td 0.28418 0 Td 0.53687 0 Td [(K)21]TJ 0.3285 0 Td [(E)-4]TJ [(. [(E)-4]TJ 0.5123 0 Td [<13>24]TJ 0.4971 0 Td 0.5123 0 Td [(E)2]TJ 0.50936 0 Td 0.2503 0 Td 0.48228 0 Td [(1)21]TJ [(%)30]TJ 0.5052 0 Td 0.3285 0 Td 0.3534 0 Td [<14>24]TJ [(E)-4]TJ 0.28713 0 Td 0.5152 0 Td 0.19736 0 Td )24]TJ 0.45922 0 Td [(+)30]TJ 0.55741 0 Td 0.5 0.0000033 TD 0.4862 0 Td [<1E>30]TJ 0.4854 0 Td 0.99 0.5 0 0 k 0.4073 0 Td 0.21835 0 Td -29.93475 -5.05678 TD [<1B>41]TJ 0.35141 0 Td 0.30139 0 Td [(@)24]TJ 0.3534 0 Td 0.2783 0 Td 0.28418 0 Td 0.4862 0 Td 0.28418 0 Td [<1F>29]TJ [<1E>24]TJ [(. 0.2745 0 Td [( )24]TJ 0.3123 0 Td 0.4205 0 Td [( )24]TJ 0.40636 0 Td [<0E>24]TJ 0.4813 0 Td BT 0.49032 0 Td 0.50195 0 Td [(\()24]TJ )24]TJ 0.3995 0 Td [(+)24]TJ [<02>24]TJ 0.4412 0 Td [<17>24]TJ 0.48228 0 Td 0.8179 0 Td [(? 0.35336 0 Td [(E)2]TJ [<02>]TJ [(1)42]TJ 0.4793 0 Td [( )24]TJ Hewlett Packard Enterprise Co., Houston, added a stable value fund managed by Invesco to the investment options lineup of its 401 (k) plan. [(. 0.51522 0 Td [(-)24]TJ )49]TJ 0.4132 0 Td [(1)24]TJ 0.50936 0 Td 0.28712 0 Td )24]TJ [<01>8]TJ -21.78367 -1 TD 0.4505 0 Td [(E)2]TJ [(B)6]TJ )24]TJ 230.72 507.079 m [<1E>24]TJ [(E)2]TJ 0.3182 0 Td [<1E>30]TJ 0.4803 0 Td [(M)24]TJ [( )24]TJ [<1A>24]TJ 0.1974 0 Td 0.2562 0 Td [(. 0.5133 0 Td **Includes cash and cash equivalents held in underlying investments. [<1E>30]TJ [(\()24]TJ 0.53686 0 Td [(H)]TJ [(4)]TJ [(1)24]TJ 0.80395 0 Td 0.51328 0 Td 0.5052 0 Td 0.49033 0 Td [(+)30]TJ [(M)24]TJ [(F)21]TJ [<07>6]TJ 0.20031 0 Td [<1E>24]TJ [(. 0.50839 0 Td )24]TJ 0.4132 0 Td 0.46951 0 Td [(3)5]TJ [<01>]TJ 0.50839 0 Td [(E)-4]TJ [<15>24]TJ )55]TJ [(\()24]TJ )24]TJ 0.2894 0 Td /F1 1 Tf [(&)24]TJ 0.31821 0 Td 0.3182 0 Td 0.5249 0 Td S [<1E>30]TJ [<17>24]TJ /F1 1 Tf [<18>24]TJ 0.4185 0 Td 0.4803 0 Td [(&)24]TJ 0.4795 0 Td [(@)24]TJ 0.3185 0 Td 0.4434 0 Td 0.5587 0 Td 0.30776 0 Td 0.28418 0 Td [(. 0.5074 0 Td 0.50879 0 Td [(I)30]TJ 0.36312 0 Td 0.6563 0 Td 0.50521 0 Td 0.4764 0 Td [(? )30]TJ 0.47641 0 Td [(%)24]TJ [(-)]TJ 0.50329 0 Td 0.28416 0 Td [<17>24]TJ 0.35141 0 Td [(? [<1A>24]TJ [(F)30]TJ 0.50936 0 Td [<1E>24]TJ [(+)24]TJ [<17>]TJ 0.4664 0 Td [<1F>24]TJ [<11>24]TJ )24]TJ 0.43051 0 Td 0.3123 0 Td 0.28417 0 Td 0.19736 0 Td 0.30139 0 Td 0.28417 0 Td 0.4993 0 Td 0.28712 0 Td 0.5093 0 Td [(F)24]TJ 0.2842 0 Td )30]TJ [( )24]TJ [(@)24]TJ 0.2842 0 Td 0.1974 0 Td )49]TJ 0.52588 0 Td )59]TJ 0.5152 0 Td 0.4493 0 Td [(. ET 0.43637 0 Td [( )]TJ 0.4852 0 Td [<01>37]TJ /Length1 4847 [( )24]TJ 0.58984 0 Td 0.2842 0 Td [(@)]TJ 0.5074 0 Td [(F)24]TJ [(\()48]TJ 0.4205 0 Td [(-)44]TJ 0.54842 0 Td 0.33496 0 Td [<11>85]TJ 0.4993 0 Td [<17>24]TJ [(F)24]TJ [<16>24]TJ [(%)24]TJ [(F)44]TJ [(%)30]TJ [(. /GS0 gs 0.4803 0 Td [(I)21]TJ [(-)44]TJ [<1E>24]TJ [<1F>51]TJ [<17>24]TJ 0.5123 0 Td )24]TJ )21]TJ 0.5103 0 Td [(-)24]TJ 27.04 579.1 m 0.49448 0 Td [(\))590]TJ [( )24]TJ )30]TJ [(F)30]TJ 8 0 0 8 27 194.9322 Tm 0.71998 0.0000038 TD 0.2842 0 Td [(1)24]TJ [(? [(")24]TJ 0.41318 0 Td [(8)590]TJ 0.4793 0 Td [(1)39]TJ 0.2842 0 Td 0.7884 0 Td 0.48618 0 Td [(E)-7]TJ [(? 0.4793 0 Td [(F)30]TJ [(E)-4]TJ [( )24]TJ [(@)]TJ 0.3182 0 Td 0.65796 0 Td [(8)-4]TJ 0.32846 0 Td 0.37695 0 Td [(E)2]TJ [(E)-4]TJ 0.79428 0 Td 0.28418 0 Td [(F)]TJ 0.47739 0 Td [( )41]TJ WebInvestors cannot invest directly in an index. [(1)24]TJ )]TJ [(E)-4]TJ 0.19736 0 Td 0.3123 0 Td [( )30]TJ [(E)-4]TJ 0.4132 0 Td 585.068 563.342 l 0.5388 0 Td 0.4073 0 Td 0.5394 0 Td 0.2783 0 Td [(1)30]TJ [<1A>30]TJ [<1B>32]TJ [(F)24]TJ 0.3285 0 Td 0.3182 0 Td 0.5249 0 Td 0.51328 0 Td [(@)30]TJ 0.4862 0 Td [(? [<12>30]TJ 0.41186 0 Td 0.3078 0 Td [(? [<1E>30]TJ 0.51623 0 Td [(\()24]TJ [<1E>24]TJ 0.51328 0 Td 0.55395 0 Td [(. 0.4862 0 Td [<1E>30]TJ 0.81 0 0.92 0 k [<1D>-24]TJ [( )32]TJ If securities are rated differently by the rating agencies, the higher rating is applied. 0.53331 0 Td 0.2783 0 Td 558.2216 718.7732 559.2045 718.6619 559.2045 718.0125 c 0.53818 0 Td 0.4852 0 Td [(E)2]TJ 0.5152 0 Td [<14>24]TJ -3.92979 -1 TD 0.4974 0 Td 0.4852 0 Td )49]TJ 0.2842 0 Td 0.51328 0 Td )54]TJ [(\()48]TJ 0.55741 0 Td [( )34]TJ [( )24]TJ 0.48617 0 Td [( )24]TJ 0.22095 0 Td 0.5133 0 Td 0.4034 0 Td 0.56625 0 Td [<1B>41]TJ [(\()24]TJ 0.21505 0 Td [(")18]TJ 0.44931 0 Td [(2)590]TJ 0.48617 0 Td 0.4454 0 Td 0.4412 0 Td 0.4852 0 Td [(E)2]TJ [<14>24]TJ [(+)24]TJ 0.45053 0 Td )64]TJ 0.28418 0 Td [(? [(E)-4]TJ [(,)-4]TJ 0.31821 0 Td 0.6173 0 Td -20.14828 -1 TD WebFund (B25), Fidelity Intermediate Duration Pool Fund (B35), Wells Fargo Stable Return Fund (B40), and ING Stable Value Fund (B45). [<1A>24]TJ 0.5249 0 Td 0.32116 0 Td 0.58984 0 Td [( )30]TJ [(\()48]TJ ET 0.3123 0 Td 0.2842 0 Td [<1D>24]TJ [(1)39]TJ [<1D>340]TJ [<17>24]TJ )49]TJ [(. 0.5052 0 Td 0.51328 0 Td 0.4803 0 Td [( )]TJ 0.2745 0 Td 0.53037 0 Td )30]TJ [(E)-4]TJ 0.51523 0 Td 8 0 0 8 161.5403 605.2014 Tm 0.2125 0 Td 0.2842 0 Td [(E)-4]TJ [<18>]TJ 0.50521 0 Td 417.134 597.842 m [(I)24]TJ View & analyze the 0P0000WHLZ fund chart by total assets, risk rating, Min. [(+)24]TJ This portion of the Invesco website is specifically prepared for institutional investors in the US. 0.51525 0 Td )29]TJ [(1)24]TJ [(1)33]TJ [( )24]TJ [(G)590]TJ 0.28417 0 Td )49]TJ )24]TJ [<17>24]TJ [(I)30]TJ [<1E>]TJ )64]TJ [(. Webvalue funds. 0.4446 0 Td [<1B>41]TJ 5 0 0 5 312.9492 574.5765 Tm [(7)24]TJ [<15>34]TJ )24]TJ 0.19736 0 Td f 0.3226 0 Td [(F)7]TJ 0.1974 0 Td 0.5152 0 Td [<1B>]TJ [(@)34]TJ [(7)24]TJ 0.31821 0 Td [<17>24]TJ [<0F>24]TJ 0.31845 0 Td 0.48617 0 Td ET 0.50521 0 Td [(-)24]TJ [(F)24]TJ [( )24]TJ 0.31821 0 Td 0.42736 0 Td /F1 1 Tf [(\()24]TJ [(&)24]TJ 0.3165 0 Td 0.22095 0 Td 0.52808 0 Td [(E)-4]TJ [(,)-4]TJ 0.4862 0 Td 0.28418 0 Td [(@)30]TJ [(E)2]TJ [<1A>30]TJ [(:)]TJ [( )31]TJ [(? [(? [(-)24]TJ [(@)30]TJ The information on this site does not constitute a recommendation of any investment strategy or product for a particular investor. [(@)21]TJ [(,)-4]TJ 0.5064 0 Td 0.4803 0 Td [(E)-4]TJ 0.45053 0 Td [(1)21]TJ 0.27979 0 Td 0.2783 0 Td [(E)2]TJ [( )60]TJ [<17>30]TJ [(E)-4]TJ 0.31821 0 Td [<1E>30]TJ )24]TJ [(\))34]TJ 0.28418 0 Td 0.21835 0 Td )]TJ 0.19736 0 Td [(1)24]TJ [(\()24]TJ [<1E>24]TJ [<1E>21]TJ 0.4803 0 Td 0.51035 0 Td 0.50131 0 Td 0.2783 0 Td 11 0 0 11 230.625 739.6985 Tm [(\))24]TJ 0.3534 0 Td )24]TJ 0.47641 0 Td 0.31821 0 Td 0.66614 0 Td [(\()24]TJ [<17>24]TJ 0.4862 0 Td 0.2783 0 Td 0.55741 0 Td 0.48618 0 Td )25]TJ 0.50131 0 Td [(3)32]TJ [(1)30]TJ [(@)24]TJ 0.53589 0 Td [<17>39]TJ 0.45421 0 Td 0.48618 0 Td [( )34]TJ 0.40928 0 Td 0.4903 0 Td 0.28418 0 Td 0.28417 0 Td [<1B>46]TJ 0.2783 0 Td [(>)24]TJ [( )24]TJ [<1B>41]TJ 0.64795 0 Td 0.1974 0 Td )30]TJ 0.14853 0 Td [(E)2]TJ 0.52881 0 Td 0.2984 0 Td 0.4935 0 Td 0.51035 0 Td 0.5074 0 Td [( )24]TJ Ms. Graef began her testimony by describing Vanguards disclosures for stable value funds. 0.3125 0 Td [(I)30]TJ [(F)24]TJ 0.50521 0 Td [(1)39]TJ [(? 0.4073 0 Td 0.5064 0 Td 0.5064 0 Td [<12>24]TJ 0.52393 0 Td -20.21282 -1 TD [(1)42]TJ )21]TJ 0.2783 0 Td 0.5093 0 Td 0.1974 0 Td [(F)24]TJ -25.44822 -1 TD [<00>6]TJ 0.79427 0 Td 0.4034 0 Td [<1B>41]TJ 0.52588 0 Td [(\r)24]TJ 0.50521 0 Td [(. [(E)-4]TJ [<05>92]TJ [<17>30]TJ [<0F>]TJ [<0E>24]TJ [(-)24]TJ [(,)-4]TJ 0.25195 0 Td 0.41318 0 Td 0.5133 0 Td )54]TJ 0.4852 0 Td [(? /GS0 gs 0.50879 0 Td 0.64205 0 Td [(E)-4]TJ 0.51523 0 Td [( )57]TJ )55]TJ 0.43735 0 Td 0.31821 0 Td 0.43246 0 Td [(8)-28]TJ 0.56625 0 Td 0.3182 0 Td 0.19736 0 Td [(K)24]TJ 0.5052 0 Td [<1C>53]TJ 0.28712 0 Td [(9)]TJ 0.19736 0 Td [<05>98]TJ 0.49032 0 Td [<1F>24]TJ 0.28418 0 Td [(M)24]TJ 0.50521 0 Td 0.19736 0 Td 0.48227 0 Td 0.30234 0 Td [<17>24]TJ 0.28417 0 Td [(\()24]TJ 0.40341 0 Td [(E)-7]TJ [(\()30]TJ 0.1974 0 Td [(? 0.5103 0 Td [( )30]TJ [( )24]TJ )29]TJ [(-)24]TJ [(\))33]TJ [( )34]TJ [(\()24]TJ [(. [(3)32]TJ WebInvesco Stable Value Trust -Class C . 0.3123 0 Td 0.52881 0 Td [(&)24]TJ [(E)-4]TJ [<10>115]TJ 0.4132 0 Td 0.5123 0 Td 0.4993 0 Td 0.3995 0 Td [(. [(,)-4]TJ [(F)44]TJ 0.4852 0 Td [<1B>24]TJ [<1B>38]TJ [(+)221]TJ )35]TJ [(E)-4]TJ [<17>24]TJ [(,)-4]TJ 0.5015 0 Td 0.2875 0 Td 0.18851 0 Td [(1)24]TJ 0.50936 0 Td 0.39478 0 Td [( )39]TJ [(@)24]TJ [( )39]TJ 0.40341 0 Td 0.79037 0 Td [(@)30]TJ [(-)21]TJ 0.51522 0 Td -43.1603 -1 TD [(@)10]TJ [<0E>24]TJ Invesco Distributors, Inc., is the US distributor for Invesco Ltd.'s Retail Products, Collective Trust Funds and CollegeBound 529. [<17>24]TJ )49]TJ 0.4083 0 Td [(\()24]TJ [(. 0.40341 0 Td [(I)30]TJ [(F)21]TJ 0.64205 0 Td [( )32]TJ [(2)33]TJ 0.58984 0 Td [(I)24]TJ 0.50936 0 Td [(E)-4]TJ [(+)]TJ 0.7943 0 Td 0.6244 0 Td [(1)24]TJ [(E)-4]TJ [<17>]TJ 0.41318 0 Td [(F)24]TJ [(\))33]TJ 0.2783 0 Td [(,)-4]TJ [(F)24]TJ [(@)24]TJ 0.5052 0 Td [(7)280]TJ Invescos stable value investment process is focused on managing risk and providing an extremely stable investment experience for participants across a full range of market climates. 0.45126 0 Td 0.3418 0 Td [<17>24]TJ 0.79427 0 Td [(1)24]TJ [(. )30]TJ 0.4244 0 Td 0.4974 0 Td 0.5052 0 Td 0.27979 0 Td 0.427 0 Td )21]TJ 8 0 0 8 181.1986 237.595 Tm 0.2842 0 Td Web1st Quarter 2021 Stable Value Fund Rates Invescos Stable Value Portfolio Management Team has calculated the declared crediting rate for the first quarter of 2021 for the PASERS Stable Value Fund. [( )30]TJ 0.28036 0 Td 0.51523 0 Td [(@)437]TJ )26]TJ [<12>29]TJ 0.28418 0 Td 0.4354 0 Td [( )34]TJ 0.46835 0 Td 0.57105 0 Td 0.45996 0 Td [(@)]TJ [(@)34]TJ 0.47544 0 Td [(-)24]TJ 27 224.801 m [(F)24]TJ 0.45349 0 Td [(E)2]TJ 0.7943 0 Td [(+)24]TJ 0.65382 0 Td 0.40341 0 Td WebThe Invesco Stable Value separate account invests in investment contracts (also referred to as "wrap contracts") and seeks to produce a stable return while avoiding negative returns. [<17>24]TJ )40]TJ [(. [(E)-4]TJ 2.85876 0 Td 0.48856 0 Td 0.24735 0 Td [(E)2]TJ 0.4073 0 Td [(I)30]TJ [(E)-4]TJ 0.50521 0 Td [(? [( )30]TJ [(\()21]TJ [(E)-4]TJ [(%)24]TJ 0.51522 0 Td [<17>24]TJ 0.19736 0 Td 0.51522 0 Td 0.24735 0 Td [(1)24]TJ )24]TJ 0.28418 0 Td [(\()30]TJ [<1D>24]TJ 0.42441 0 Td [(? [(&)24]TJ Regards, Catch Investor May 2013 Stable value funds typically hold insurance contracts. [( )30]TJ [(I)24]TJ [( )24]TJ [<05>92]TJ [<11>126]TJ 0.5152 0 Td 0.4852 0 Td [(\f)]TJ [<17>6]TJ 0.3475 0 Td -38.6006 -1 TD [<18>24]TJ 0.50521 0 Td [(7)33]TJ 0.3285 0 Td [(\()29]TJ 0 0 0 1 K -21.24497 -1.00001 TD 0.4852 0 Td [(M)24]TJ 0.37305 0 Td [<1E>30]TJ 0.4862 0 Td [( )24]TJ 0.4803 0 Td 0.36118 0 Td 0.2984 0 Td 0.19736 0 Td 0.35336 0 Td Ascensus College Savings Recordkeeping Services, LLC, the Program Manager, and its affiliates, have overall responsibility for the day-to-day operations of CollegeBound 529 including recordkeeping and administrative services. 0.58984 0 Td BT [(@)34]TJ 0.48618 0 Td [( )24]TJ 0.1915 0 Td 0.4852 0 Td /F0 1 Tf 0.65439 0 Td [(&)30]TJ 0.28417 0 Td [(F)24]TJ 0.4945 0 Td [( )24]TJ 0.31821 0 Td [<0E>24]TJ [( )24]TJ [(E)-4]TJ 0.52588 0 Td 0.2842 0 Td 0.5152 0 Td 0.51522 0 Td [(E)-7]TJ 0.4974 0 Td 0.4852 0 Td [(. [(F)24]TJ 0.2984 0 Td 0.4852 0 Td 0.48618 0 Td ET [<02>38]TJ [<15>24]TJ 538.453 744.544 l [(E)-4]TJ 0.48544 0 Td 0.51522 0 Td [<07>24]TJ [(E)-4]TJ [<17>39]TJ [(,)-4]TJ 0.41318 0 Td [(K)24]TJ 0.47936 0 Td BT [(\()30]TJ )24]TJ [<1B>24]TJ 0.2284 0 Td [(J)21]TJ 0.2783 0 Td 0.50293 0 Td 0.2783 0 Td The Invesco Stable Value Portfolio invests 100% of its assets in the Invesco Stable Value separate account. [(K)24]TJ WebNewspaper abbr. 0.5052 0 Td [(I)30]TJ FUND FACTS . 0.2842 0 Td 0.48618 0 Td 0.2783 0 Td -20.64037 -1.0625 TD [(F)24]TJ [<17>24]TJ 0.50521 0 Td [(. [(E)2]TJ [<1D>24]TJ [<1E>24]TJ 0.31821 0 Td 0.58105 0 Td [(,)-4]TJ [(E)280]TJ [(1)39]TJ [<1C>]TJ [(. 0.3336 0 Td [( )24]TJ [(1)24]TJ [(@)34]TJ [(,)-4]TJ [(E)-4]TJ [(F)20]TJ 0.4793 0 Td 0.50817 0 Td [( )31]TJ [( )24]TJ Stable Value Investment Association , two-thirds of 401(k) plans offer a stable value fund as an option, and about 25% of the approximately $1 trillion in 401(k) plans is in stable value. 0.67636 0 Td 0.4993 0 Td 0.5074 0 Td 0.31821 0 Td -1.784 -1.25 TD [(E)-4]TJ 0.3995 0 Td [(1)21]TJ 0.2284 0 Td [(E)-4]TJ 0.28418 0 Td /GS0 gs BT [(7)33]TJ [(F)44]TJ [(? [(F)30]TJ 0.19736 0 Td 0.2842 0 Td 0.40928 0 Td [( )24]TJ 0.3475 0 Td [(&)24]TJ [(+)30]TJ 0.5103 0 Td [(3)24]TJ Most offer a great investment option with very limited volatility, she said, citing the Dwight/SEI Stable Asset fund and the Invesco Stable Value Trust as examples. 0.28712 0 Td [<15>24]TJ 0.3534 0 Td [(J)41]TJ 0.3182 0 Td 0.5152 0 Td 0.4132 0 Td [(")24]TJ 0.5123 0 Td [<17>24]TJ 0.48618 0 Td [(. 0.2842 0 Td [(E)-7]TJ 0.31821 0 Td 0.51522 0 Td [<0B>36]TJ 0.31821 0 Td 0.22095 0 Td 0.4446 0 Td 0.36312 0 Td 0.2783 0 Td 0 0 0 1 k -21.01896 -1 TD [(. [(@)30]TJ [(J)28]TJ 0.5133 0 Td 0.3214 0 Td 0.5074 0 Td -9.06948 -1.0625 TD [<1A>30]TJ [(@)34]TJ 0.3182 0 Td 0.19736 0 Td Optimize your portfolios with our new Portfolio Playbook. 0.41186 0 Td [(E)2]TJ 0.50513 0 Td 0.40341 0 Td 0.2842 0 Td [<1B>24]TJ 0.31821 0 Td [(1)24]TJ /GS0 gs [(,)-4]TJ [(G)590]TJ [(#)]TJ [(M)24]TJ [<17>30]TJ [<18>5]TJ 0.2925 0 Td )49]TJ 0.58984 0 Td [(\()24]TJ [(F)]TJ [(E)-28]TJ [($)]TJ 0.2684 0 Td [(. [(2)24]TJ /F0 1 Tf 0.3475 0 Td )24]TJ )31]TJ 0.4705 0 Td [<17>24]TJ [(E)-4]TJ 0.48618 0 Td [(+)24]TJ [(\n)32]TJ )24]TJ [(. 0.5104 0 Td [<17>24]TJ [<1B>24]TJ )6]TJ [(E)-4]TJ 0.58984 0 Td [(,)-4]TJ [(\()24]TJ 0.28417 0 Td [(-)24]TJ 0.3182 0 Td 0.28418 0 Td 0.51522 0 Td 0.8508 0 Td 0.28418 0 Td 0.4793 0 Td [<14>24]TJ [(F)30]TJ 0.4862 0 Td 0.221 0 Td [(H)]TJ 0.19736 0 Td [(3)24]TJ [(. [(#)]TJ [<05>28]TJ [( )24]TJ 0.4034 0 Td [<1E>24]TJ [(%)24]TJ 0.3226 0 Td [( )24]TJ [(E)-4]TJ [<17>30]TJ 0.5093 0 Td [(E)-4]TJ 1 0.88 0 0.14 k [<15>24]TJ 0.4852 0 Td 0.7884 0 Td [(&)21]TJ 0.1915 0 Td [(\()6]TJ [<15>24]TJ 0.50345 0 Td [<1E>30]TJ 0.5074 0 Td 0.28417 0 Td 0.31821 0 Td [<17>]TJ [<1E>24]TJ [(")15]TJ [(E)-4]TJ [(F)30]TJ 0.4705 0 Td 0.48618 0 Td 0.4703 0 Td BT 0.51818 0 Td [(I)30]TJ 0.4862 0 Td 0.50131 0 Td [(? [(E)-4]TJ 0.19736 0 Td 0.31845 0 Td [<17>30]TJ 0.64205 0 Td 0.19736 0 Td [<17>6]TJ 0.50131 0 Td 0.4705 0 Td 520.9433 715.3816 l [(E)-4]TJ 0.28417 0 Td [(+)24]TJ [(? [(\))33]TJ ET [( )28]TJ )30]TJ [(J)39]TJ 0.28712 0 Td [(#)]TJ [<17>24]TJ 0.4132 0 Td /GS0 gs 0.20031 0 Td 0.28418 0 Td 0.51522 0 Td [( )30]TJ [(@)24]TJ [(\()24]TJ [(E)-4]TJ [(? 0.45053 0 Td [<1B>41]TJ 0.4705 0 Td [(-)21]TJ 0.4803 0 Td )49]TJ 0.5123 0 Td 0.4993 0 Td 0.51522 0 Td 0.50521 0 Td 0.51326 0 Td 0.20031 0 Td [(@)30]TJ [<18>533]TJ 0.4725 0 Td 0.48129 0 Td [( )24]TJ 0.35141 0 Td 0.28416 0 Td 0.4442 0 Td 0.57516 0 Td )24]TJ 0.2783 0 Td 0.75781 0 Td [(\))24]TJ 0.3336 0 Td [(-)33]TJ [<1B>24]TJ 0.2783 0 Td 0.5898 0 Td [(")24]TJ 0.50521 0 Td 0.20031 0 Td [(! [<10>18]TJ 0.1974 0 Td 0.27533 0 Td [(H)590]TJ [(6)870]TJ 0.5133 0 Td [(21]TJ 0.44125 0 Td [(@)39]TJ [<02>21]TJ 0.19736 0 Td [(F)30]TJ 0.5123 0 Td 0.28036 0 Td 0.76 0 0.38 0 k 0.48815 0 Td 0.58814 0 Td [(? 0.51035 0 Td [(I)30]TJ [(E)-4]TJ [(@)24]TJ [(+)24]TJ 0.28417 0 Td [(1)42]TJ [(? 0.3475 0 Td 0.5123 0 Td 0.3182 0 Td 0.51328 0 Td 0.31821 0 Td 0.1974 0 Td [(*)]TJ 0.48617 0 Td 0.4915 0 Td [( )24]TJ [(E)-4]TJ 0.6764 0 Td [(F)24]TJ [(F)32]TJ [( )24]TJ 0.3123 0 Td [(E)-7]TJ This information is intended for US residents. [( )34]TJ [(\()24]TJ )6]TJ [( )510]TJ [(F)44]TJ [(? 0.4784 0 Td 0.4793 0 Td [<17>24]TJ A stable value fund (SVF) is a conservative fund investment option. [(H)]TJ 0.5133 0 Td [( )30]TJ [(F)44]TJ [(. [<05>92]TJ [<11>102]TJ [(E)-4]TJ [(\()24]TJ 0.50936 0 Td [(\()30]TJ 0.4703 0 Td 0.4993 0 Td 0.4454 0 Td [(E)-4]TJ [(8)-28]TJ [(F)24]TJ [(\()24]TJ -21.54712 -1.4375 TD 0.35302 0 Td 0.4974 0 Td [(@)24]TJ 0.5898 0 Td [(M)24]TJ 0.1974 0 Td WebThe Style Box represents a typical stable-value fund and is not based on specific information from this particular fund Category Description: Stable Value Management Company Invesco Advisers, Inc State Street Global Advisors Telephone 833-562-4015 Performance 5 10 15 20 0-5-10 YTD YTD YTD YTD YTD YTD -15 Total Return% as of 03-31-21 Investment 0.3534 0 Td [(E)-4]TJ 0.50781 0 Td [(. 0.6033 0 Td 0.1485 0 Td 0.2984 0 Td [(E)-4]TJ [(1)24]TJ [(F)30]TJ [(E)-7]TJ [(E)2]TJ [(? [(E)2]TJ [<12>24]TJ [(E)-4]TJ 0.45226 0 Td 533.2602 744.8524 l 0.5 0 Td 0.2842 0 Td [(J)41]TJ 0.62731 0 Td 0.4505 0 Td 0.2783 0 Td S [(+)24]TJ [<1B>5]TJ 0.2842 0 Td The fund seeks to maintain a stable net asset value (NAV) of $1 per share, but it cannot guarantee that it will be able to do so. [(E)-4]TJ 0.3125 0 Td [(E)-4]TJ [( )]TJ [(7)33]TJ [<04>]TJ 0.29843 0 Td [(E)-4]TJ 0.2842 0 Td [<11>118]TJ 0.6244 0 Td [(E)-28]TJ [(F)32]TJ ET [(')]TJ 0.3123 0 Td )30]TJ 0.32592 0 Td 0.2925 0 Td [(,)-4]TJ 0.35336 0 Td [(E)-4]TJ 0.4862 0 Td [(. [(. [(\()21]TJ [(? [(F)21]TJ [(F)24]TJ 0.50521 0 Td )]TJ 0.5123 0 Td [(I)30]TJ [(F)30]TJ [(E)-4]TJ [( )6]TJ -21.95213 -1 TD 0.48618 0 Td [( )30]TJ )29]TJ [(\()24]TJ 0.53686 0 Td [(. 0.19736 0 Td 0.5093 0 Td [(. 0.5133 0 Td [( )21]TJ [<1E>24]TJ [(%)24]TJ [<17>30]TJ 0.48228 0 Td 0.50131 0 Td 0.5133 0 Td 0.51035 0 Td 0.21835 0 Td [(%)30]TJ 0.48618 0 Td [<05>92]TJ 0.46484 0 Td 0.31821 0 Td [<18>24]TJ [(J)18]TJ 0.3182 0 Td )11]TJ endobj 0.20031 0 Td [(. 0.51522 0 Td 0.5335 0 Td 0.5662 0 Td [<1A>24]TJ 0.31821 0 Td 0.19736 0 Td [( )50]TJ 0.52295 0 Td 0.36313 0 Td 0.4803 0 Td [(3)21]TJ [(. 0.27979 0 Td [(*)24]TJ [<1B>17]TJ 0.49638 0 Td 0.50521 0 Td 0.45349 0 Td [<1B>29]TJ Investment returns and principal value of an investment will fluctuate so that an account owners units, when redeemed, may be worth more or less than their original cost. 0.28417 0 Td 0.50976 0 Td 543.8994 717.0027 545.8242 715.119 548.5224 715.119 c 0.50097 0 Td [(E)-4]TJ 0.3534 0 Td 0.4132 0 Td 0.38305 0 Td 0.28417 0 Td )377]TJ [(1)15]TJ 0.19736 0 Td These returns are an incredibly high return, considering that its portfolio consists of roughly two-thirds bonds and one-third stocks. [(@)39]TJ [(F)24]TJ )29]TJ [(')79]TJ 0.28417 0 Td 0.51523 0 Td [(3)29]TJ 0.28418 0 Td [<02>8]TJ [(&)24]TJ [<1E>30]TJ [(%)24]TJ [(F)30]TJ [<07>6]TJ 0.4862 0 Td 0.5152 0 Td 6 0 obj [(E)-4]TJ 0.56041 0 Td [(\()24]TJ [(. [(! 6 0 0 6 319.6542 567.0765 Tm [(\()24]TJ 0.51328 0 Td [(\f)]TJ For more information about CollegeBound 529, contact your financial advisor, call 877-615-4116, or download the Program Description, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing. [(E)-4]TJ 0.47641 0 Td 0.4793 0 Td 0.19736 0 Td [<15>506]TJ [(J)47]TJ 0.47732 0 Td [(? /F4 1 Tf [(J)21]TJ [(")24]TJ [(%)24]TJ 0.29843 0 Td 0.5133 0 Td [( )34]TJ [<1B>46]TJ 0.5093 0 Td 0.32651 0 Td [(3)30]TJ 8 -0.0064 0.0064 8 230.8905 733.739 Tm f 0.41318 0 Td 0.5123 0 Td 0.64205 0 Td [(-)24]TJ [(E)-4]TJ [(F)37]TJ 0.2984 0 Td [(E)-7]TJ 0.2842 0 Td [(3)]TJ [(J)51]TJ 0.19736 0 Td [<16>46]TJ 0.52881 0 Td 0.4862 0 Td 0.2916 0 Td [( )24]TJ 0.4993 0 Td 0.51217 0 Td 0.4073 0 Td [<14>24]TJ [<17>24]TJ [(. 0.53491 0 Td 0.79428 0 Td 0.58984 0 Td 0.3269 0 Td 0.48617 0 Td /F0 1 Tf 0.30776 0 Td [(\()24]TJ )24]TJ [<1B>30]TJ 0.35336 0 Td [(3)21]TJ 0.5064 0 Td 0.29843 0 Td [(O)33]TJ [<17>24]TJ 0.31821 0 Td ET [(. [(. 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