Investment Performance
| Historical Fund Performance - for the Period Ending July 31, 2010 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Investment Portfolios1 | Inception Date | Year-to-Date | 1 Year | 3 Year | 5 Year | Since Inception | Estimated Underlying Mutual Fund Expenses7 | Program Manager Fees4,6 | |
| Managed Allocation Option2 | |||||||||
| Age Band 0-3 | 6/08/06 | 2.34% | 14.45% | -2.83% | N/A | 1.33% | 0.20% | 0.45% | |
| Blended Index3 | – | 2.45% | 14.94% | -3.02% | N/A | 1.36% | – | – | |
| Age Band 4-7 | 6/08/06 | 2.37% | 12.90% | -1.95% | N/A | 1.67% | 0.22% | 0.43% | |
| Blended Index3 | – | 3.00% | 14.26% | -1.51% | N/A | 2.23% | – | – | |
| Age Band 8-11 | 6/08/06 | 3.15% | 11.91% | 0.07% | N/A | 2.77% | 0.25% | 0.40% | |
| Blended Index3 | – | 3.78% | 13.18% | 0.69% | N/A | 3.46% | – | – | |
| Age Band 12-14 | 6/08/06 | 3.63% | 11.41% | 1.73% | N/A | 3.74% | 0.27% | 0.38% | |
| Blended Index3 | – | 4.27% | 12.42% | 2.12% | N/A | 4.24% | – | – | |
| Age Band 15-17 | 6/08/06 | 3.07% | 8.92% | 1.73% | N/A | 3.45% | 0.25% | 0.40% | |
| Blended Index3 | – | 3.52% | 9.72% | 2.33% | N/A | 4.05% | – | – | |
| Age Band 18+ | 6/08/06 | 2.15% | 6.07% | 1.90% | N/A | 3.25% | 0.22% | 0.43% | |
| Blended Index3 | – | 2.46% | 6.59% | 2.18% | N/A | 3.60% | – | – | |
| Agressive Managed Allocation Option2 | |||||||||
| Age Band 0-3 | 6/08/06 | 0.86% | 15.48% | -7.38% | N/A | -1.48% | 0.16% | 0.49% | |
| Blended Index3 | – | 0.98% | 16.50% | -6.92% | N/A | -0.95% | – | – | |
| Age Band 4-7 | 6/08/06 | 1.73% | 14.71% | -4.95% | N/A | -0.05% | 0.19% | 0.46% | |
| Blended Index3 | – | 1.88% | 15.59% | -4.56% | N/A | 0.46% | – | – | |
| Age Band 8-11 | 6/08/06 | 2.57% | 14.18% | -1.93% | N/A | 1.85% | 0.21% | 0.44% | |
| Blended Index3 | – | 2.73% | 14.61% | -2.26% | N/A | 1.80% | – | – | |
| Age Band 12-14 | 6/08/06 | 2.65% | 12.54% | -1.34% | N/A | 2.01% | 0.23% | 0.42% | |
| Blended Index3 | – | 3.26% | 13.91% | -0.77% | N/A | 2.65% | – | – | |
| Age Band 15-17 | 6/08/06 | 3.13% | 12.01% | 0.03% | N/A | 2.75% | 0.25% | 0.40% | |
| Blended Index3 | – | 3.78% | 13.18% | 0.69% | N/A | 3.46% | – | – | |
| Age Band 18+ | 6/08/06 | 2.78% | 8.40% | 1.68% | N/A | 3.38% | 0.24% | 0.41% | |
| Blended Index3 | – | 3.22% | 9.25% | 2.03% | N/A | 3.83% | – | – | |
| Additional Investment Options1 | |||||||||
| 100% Equity Option | 4/26/02 | 0.25% | 14.41% | -6.69% | -0.48% | 2.22% | 0.09% | 0.42% | |
| Blended Index3 | – | 0.47% | 14.82% | -6.34% | 0.05% | 2.83% | – | – | |
| Balanced Fund Option | 5/01/02 | 3.76% | 13.56% | 0.38% | 3.28% | 4.96% | 0.30% | 0.42% | |
| Blended Index3 | – | 3.89% | 13.71% | 0.82% | 3.72% | 5.34% | – | – | |
| 100% Fixed Income Option5 | 12/11/07 | 6.18% | 9.93% | N/A | N/A | 5.47% | 0.35% | 0.42% | |
| Blended Index3 | – | 6.25% | 10.17% | N/A | N/A | 6.75% | – | – | |
| Money Market Option5 | 3/10/08 | -0.20% | -0.29% | N/A | N/A | 0.62% | 0.15% | 0.42% | |
| Blended Index3 | – | 0.02% | 0.04% | N/A | N/A | 0.66% | – | – | |
| Guaranteed Option6 | 4/26/02 | 1.57% | 2.86% | 3.36% | 3.34% | 3.16% | N/A6 | N/A6 | |
The performance data quoted represent past performance and are net of all fees and expenses, including the estimated expense ratio of the underlying mutual funds and the Plan Manager Fee. Past performance is not a guarantee of future results. Your returns and the principal value of your Account will fluctuate so your investment may be worth more or less than the original value when you withdraw your money. Current performance may be lower or higher than the performance quoted above.
1All performance figures in the table, with the exception of the performance figures in the Year-to-Date column, represent the average annual compound rate of total return. All figures in the Year-to-Date column represent cumulative, non-annualized returns.
2Beneficiaries are moved from one Age Band to the next Age Band on the first "rolling date" following their fourth, eighth, twelfth, fifteenth and eighteenth birthdays. The "rolling dates" are March 20, June 20, September 20 and December 20 (or the first business day thereafter).
3The Blended Indexes are customized benchmarks that combine the fund benchmarks of each underlying mutual fund held in an Investment Option (other than the Guaranteed Option) according to the Investment Option's asset allocation during the relevant time period. The Blended Indexes are used to compare the performance of the corresponding Investment Option. They are unmanaged and do not reflect the deduction of any fees or expenses.
4For its services as Program Manager, each Investment Option (with the exception of the Guaranteed Option) pays the Program Manager Fee to TFI at an annual rate of between 0.38% and 0.49% of the average daily net assets held by that Investment Option (the "Program Manager Fee"). For any Investment Option, if the corresponding estimated annual expense ratio increases, the Program Manager Fee for such Investment Option will decrease so that the sum of the estimated annual expense ratio and the Program Manager Fee does not exceed 0.65%.
5This Investment Option has a limited operating history, so the returns cited above may not be a good indication of how it may perform over a longer time period.
6The Guaranteed Option does not pay the Program Manager Fee and it is not invested in mutual funds so there is no estimated annual expense ratio for this option.
7The estimated annual expense ratio for each Investment Option (other than the Guaranteed Option) is based on a weighted average of each underlying mutual fund’s expense ratio as of February 1, 2010 (the "Estimated Underlying Fund Expenses") in accordance with the Investment Option's (other than the Guaranteed Option) asset allocation among the underlying mutual funds.
