Investment Performance

Click here to review the Investment Performance.

The performance tables show each Investment Option's returns over the specified time periods.  Performance is calculated from the day on which funds were first invested in an Age Band or Investment Option after it was made available (the "Inception Date").  The performance tables below help illustrate some of the risks of investing Account assets in each Age Band or Investment Option and how investment performance may vary.

The tables set forth under "Managed Allocation Option" and "Additional Investment Options" show how the returns of each Age Band and the 100% Equity Option compare to a customized index benchmark ("Blended Index").  The Blended Index used for each Age Band and the 100% Equity Option is a customized index combining the Fund benchmarks for each of the Mutual Funds held in that Age Band or Investment Option during the relevant time period weighted according to the allocations of those Mutual Funds and adjusted to reflect any changes in the allocations and the benchmarks during the relevant time period.  The Blended Indexes are unmanaged and do not reflect deductions of fees or expenses.  The Additional Investment Options table also includes past investment performance information for the Guaranteed Option. 

Contributions made to the Managed Allocation Option in the MACS Program are invested in portfolios based on the age of the beneficiary. Other investment options include the 100% Equity Option and the Guaranteed Option.