Asset Allocations in Age-based Portfolios - Advisor

We have compiled the information below showing the various asset allocations in selected age-based portfolios of advisor-sold 529 plans. (Similar information relating to direct-sold 529 plans is also available.) Our selection is limited to portfolios for beneficiaries age 17 and older. The purpose of our study was to compare how 529 plans allocate among stocks, bonds, and money market (or similar) investments as the beneficiary gets close to college age or is in college. In addition to showing the asset allocations, the table shows the investment performance of each portfolio for the one- and three-year periods ended September 30, 2016 ("NA" means the portfolio was not in existence for the full measurement period). This data was compiled December 21, 2016. We will post corrected data as any errors become known to us. Investment Allocation Annualized Return at September 30, 2016 (%) Stock Bonds Cash/MM One-Year Three-Year Alabama: Aggressive --Aggressive Portfolio Ages 17-18 n/a n/a --Aggressive Portfolio Ages 19+ 4.83 2.53 Alabama: Moderate --Moderate Portfolio Ages 17-18 4.83 2.53 --Moderate Portfolio Ages 19+ n/a n/a Alabama: Conservative --Conservative Portfolio Ages 17-18 n/a n/a --Conservative Portfolio Ages 19+ 1.06 0.22 Alaska John Hancock --Portfolio 2017-2020 8.46 4.69 --College Portfolio 6 2.81 Arizona InvestEd --Ages 16+ 6.01 3.43 Arkansas iShares --College Portfolio n/a n/a Colorado Scholars Choice --Ages 16-18, 1-3 Yrs to Enrollment 4.47 3.03 --Ages 19+, 0-1 Yrs to Enrollment 1.52 0.53 Connecticut --Ages 16-17 6.52 2.24 --Age 18+ 4.44 1.33 District of Columbia --Ages 17+ 4.68 3.69 Illinois Bright Directions: Aggressive --Ages 17-18 n/a n/a --Ages 19+ n/a n/a Illinois Bright Directions: Moderate --Ages 17-18 n/a n/a --Ages 19+ n/a n/a Illinois Bright Directions: Conservative --Ages 17-18 n/a n/a --Ages 19+ n/a n/a Illinois Bright Start Advisor --Ages 15-17 5.42 3.1 --Ages 18+ 2.87 1.55 Indiana --College Portfolio 3.54 2.09 Iowa Advisor --Age 16-17 Option 5.79 3.64 --Age 18+ Option 4.29 2.49 Kansas: Aggressive --Ages 15-17 8.52 4.99 --Ages 18+ n/a n/a Kansas: Moderate --Ages 15-17 5.58 3.26 --Ages 18+ 1.76 0.78 h --Ages 15-17 5.58 3.26 --Ages 18+ 1.76 0.78 Maine: Franklin Templeton --Ages 17-20 4.22 2.22 --Ages 21+ 2.23 0.99 Maine: MFS --Ages 16-17 6.44 4.46 --Ages 18+ 4.67 3.42 Maine: BlackRock --Ages 17-19 4.28 3.26 --Ages 20+ 1.35 1.04 Maine: iShares --Ages 17-19 4.37 0 --Ages 20+ 0.9 0 Michigan --Ages 17-18 4.36 1.88 --Ages 19+ 3.8 1.7 Missouri Advisor* Nebraska NEST: Aggressive --Ages 15-18 8.33 4.58 --Ages 19+ 6.39 3.4 Nebraska NEST: Growth --Ages 15-18 6.48 3.39 --Ages 19+ 4.71 1.9 Nebraska NEST: Index --Ages 15-18 4.35 2.05 --Ages 19+ 1.96 0.94 Nebraska NEST: Conservative --Ages 15-18 2.24 0.91 --Ages 19+ 0.6 0.33 Nebraska State Farm --1-3 Years to College 5.25 3.75 --College Now 2.54 1.88 Nevada Putnam --Age 18 2.09 3.48 --Ages 21+ 0.53 1.36 New Hampshire Fidelity --College Portfolio 6.05 2.88 New Jersey Franklin Templeton: Growth --Ages 17+ 3.77 2.09 New Jersey Franklin Templeton: Conservative --Ages 17+ 0.81 0.1 New Jersey Franklin Templeton: Moderate --Ages 17+ 2.11 0.88 New Mexico Scholars Edge: Aggressive --Ages 15-17 5.41 3.14 --Ages 18+ 4.13 2.38 New Mexico Scholars Edge: Growth --Ages 15-17 4.13 2.38 --Ages 18+ 3.21 n/a New Mexico Scholars Edge: Balanced --Ages 15-17 3.21 n/a --Ages 18+ 1.4 n/a New York's 529 Advisor-Guided --Conservative (15-17 Years) 7.15 3.95 --College (18 and over) 4.19 2.24 Ohio BlackRock: Aggressive --Age 17+ 6.84 4.73 Ohio BlackRock: Moderate --Age 17+ 3.78 2.4 Ohio BlackRock: Conservative --Age 17+ 2.29 1.32 Oklahoma: Dream --17-18 Years 4.34 1.89 --19 and over 3.67 1.65 Oregon MFS --Ages 16-17 7 3.72 --Ages 18+ 1.52 0.9 Rhode Island --Invesco CollegeBound Today Portfolio n/a n/a --Invesco CollegeBound 2017-2018 Portfolio n/a n/a South Carolina Aggressive --Ages 16-17 6.94 3.96 --Ages 18+ 4.54 2.79 South Carolina Moderate --Ages 16-17 4.54 2.79 --Ages 18+ 2.69 1.19 South Carolina Conservative --Ages 16+ 2.69 1.19 South Dakota Allianz --Ages 15-17 4.35 1.79 --Ages 18+ 4.04 1.81 Texas Lonestar --Ages 15-17 6.02 2.56 --Ages 18+ 3.64 1.56 Virginia CollegeAmerica --American Funds College Enrollment Fund 1.72 1.63 West Virginia Hartford --Ages 16-17 4.24 1.6 --Ages 18+ 2.8 1.07 Wisconsin Tomorrows Scholar --Age 17 6.15 3.89 --Age 18 5 3.09 note: *No age-based options We have compiled the information below showing the various asset allocations in selected age-based portfolios of advisor-sold 529 plans. (Similar information relating to direct-sold 529 plans is also available.) Our selection is limited to portfolios for beneficiaries age 17 and older. The purpose of our study was to compare how 529 plans allocate among stocks, bonds, and money market (or similar) investments as the beneficiary gets close to college age or is in college. In addition to showing the asset allocations, the table shows the investment performance of each portfolio for the one- and three-year periods ended September 30, 2016 ("NA" means the portfolio was not in existence for the full measurement period). This data was compiled December 21, 2016. We will post corrected data as any errors become known to us. Investment Allocation Annualized Return at September 30, 2016 (%) Stock Bonds Cash/MM One-Year Three-Year Alabama: Aggressive --Aggressive Portfolio Ages 17-18 n/a n/a --Aggressive Portfolio Ages 19+ 4.83 2.53 Alabama: Moderate --Moderate Portfolio Ages 17-18 4.83 2.53 --Moderate Portfolio Ages 19+ n/a n/a Alabama: Conservative --Conservative Portfolio Ages 17-18 n/a n/a --Conservative Portfolio Ages 19+ 1.06 0.22 Alaska John Hancock --Portfolio 2017-2020 8.46 4.69 --College Portfolio 6 2.81 Arizona InvestEd --Ages 16+ 6.01 3.43 Arkansas iShares --College Portfolio n/a n/a Colorado Scholars Choice --Ages 16-18, 1-3 Yrs to Enrollment 4.47 3.03 --Ages 19+, 0-1 Yrs to Enrollment 1.52 0.53 Connecticut --Ages 16-17 6.52 2.24 --Age 18+ 4.44 1.33 District of Columbia --Ages 17+ 4.68 3.69 Illinois Bright Directions: Aggressive --Ages 17-18 n/a n/a --Ages 19+ n/a n/a Illinois Bright Directions: Moderate --Ages 17-18 n/a n/a --Ages 19+ n/a n/a Illinois Bright Directions: Conservative --Ages 17-18 n/a n/a --Ages 19+ n/a n/a Illinois Bright Start Advisor --Ages 15-17 5.42 3.1 --Ages 18+ 2.87 1.55 Indiana --College Portfolio 3.54 2.09 Iowa Advisor --Age 16-17 Option 5.79 3.64 --Age 18+ Option 4.29 2.49 Kansas: Aggressive --Ages 15-17 8.52 4.99 --Ages 18+ n/a n/a Kansas: Moderate --Ages 15-17 5.58 3.26 --Ages 18+ 1.76 0.78 h --Ages 15-17 5.58 3.26 --Ages 18+ 1.76 0.78 Maine: Franklin Templeton --Ages 17-20 4.22 2.22 --Ages 21+ 2.23 0.99 Maine: MFS --Ages 16-17 6.44 4.46 --Ages 18+ 4.67 3.42 Maine: BlackRock --Ages 17-19 4.28 3.26 --Ages 20+ 1.35 1.04 Maine: iShares --Ages 17-19 4.37 0 --Ages 20+ 0.9 0 Michigan --Ages 17-18 4.36 1.88 --Ages 19+ 3.8 1.7 Missouri Advisor* Nebraska NEST: Aggressive --Ages 15-18 8.33 4.58 --Ages 19+ 6.39 3.4 Nebraska NEST: Growth --Ages 15-18 6.48 3.39 --Ages 19+ 4.71 1.9 Nebraska NEST: Index --Ages 15-18 4.35 2.05 --Ages 19+ 1.96 0.94 Nebraska NEST: Conservative --Ages 15-18 2.24 0.91 --Ages 19+ 0.6 0.33 Nebraska State Farm --1-3 Years to College 5.25 3.75 --College Now 2.54 1.88 Nevada Putnam --Age 18 2.09 3.48 --Ages 21+ 0.53 1.36 New Hampshire Fidelity --College Portfolio 6.05 2.88 New Jersey Franklin Templeton: Growth --Ages 17+ 3.77 2.09 New Jersey Franklin Templeton: Conservative --Ages 17+ 0.81 0.1 New Jersey Franklin Templeton: Moderate --Ages 17+ 2.11 0.88 New Mexico Scholars Edge: Aggressive --Ages 15-17 5.41 3.14 --Ages 18+ 4.13 2.38 New Mexico Scholars Edge: Growth --Ages 15-17 4.13 2.38 --Ages 18+ 3.21 n/a New Mexico Scholars Edge: Balanced --Ages 15-17 3.21 n/a --Ages 18+ 1.4 n/a New York's 529 Advisor-Guided --Conservative (15-17 Years) 7.15 3.95 --College (18 and over) 4.19 2.24 Ohio BlackRock: Aggressive --Age 17+ 6.84 4.73 Ohio BlackRock: Moderate --Age 17+ 3.78 2.4 Ohio BlackRock: Conservative --Age 17+ 2.29 1.32 Oklahoma: Dream --17-18 Years 4.34 1.89 --19 and over 3.67 1.65 Oregon MFS --Ages 16-17 7 3.72 --Ages 18+ 1.52 0.9 Rhode Island --Invesco CollegeBound Today Portfolio n/a n/a --Invesco CollegeBound 2017-2018 Portfolio n/a n/a South Carolina Aggressive --Ages 16-17 6.94 3.96 --Ages 18+ 4.54 2.79 South Carolina Moderate --Ages 16-17 4.54 2.79 --Ages 18+ 2.69 1.19 South Carolina Conservative --Ages 16+ 2.69 1.19 South Dakota Allianz --Ages 15-17 4.35 1.79 --Ages 18+ 4.04 1.81 Texas Lonestar --Ages 15-17 6.02 2.56 --Ages 18+ 3.64 1.56 Virginia CollegeAmerica --American Funds College Enrollment Fund 1.72 1.63 West Virginia Hartford --Ages 16-17 4.24 1.6 --Ages 18+ 2.8 1.07 Wisconsin Tomorrows Scholar --Age 17 6.15 3.89 --Age 18 5 3.09 note: *No age-based options

Density Examples

Density Examples Density The definition of density, which is scientifically referred to as the volumetric mass density, is the amount of a substance by mass per unit volume. It's understood to be the amount of a particular substance in a fixed measurement, which can be measured in a variety of different units. The density of a substance changes depending on the temperature and pressure. Solids and liquids don't usually vary that much in their density depending on those factors;the change in density based on temperature or pressure can be dramatically different for gases sinceincreasing the pressure on an object decreases its volume, increasing its density. The correlation is also true that an increase in the temperature of a substance usually decreases its density by increasing its volume. Examples of Density: 1. Oil and Water Don't Mix It's a known fact that oil and water don't mix, but what many people may not know is that the density of oil is what makes it float on top of water. In the kitchen, oil and vinegar don't mix either, and you may have seen a bottle of salad dressing with a slimy-looking layer on top. The oil is less dense than the vinegar, too. But a very serious, real-world application of oil's lighter density than water is in the ocean in the event of an oil spill. We haven't quite perfected the technology, but scientists have already developed clean-up systems that scrape or soak that top layer of oil off the ocean's surface in the event of an oil spill. That oil is still wasted and can cause lasting damage to the environment, but scientists are able to reduce the harmful impacts by removing much of that layer from the top. 2. Helium Balloons Helium balloons lend a festive air to parties by floating above the ground, a phenomenon which occurs due to helium's density. Since it is less dense than the air around it, the balloon floats. This characteristic is important in weather balloons and at one time was important in dirigible and blimp flights. While helium is the second most abundant element in the universe, its density makes it pretty rare on Earth. We actually dig it out of the ground rather than extract it from the atmosphere. 3. Archimedes and Eureka! There's a fun legend about the discovery of the principle of density. In ancient Greece, Archimedes had been asked by the king to find out if his crown was solid gold or if the king had been cheated with a gold-silver mixture. But he had to do it without breaking or destroying the crown. Archimedes struggled with the problem, but finally solved it when he got in his bathtub at the end of a long day. When he got in the tub, some of the water sloshed over the side, because he had a greater density than the water. His body pushed that water level higher until some of it overflowed the tub due to density. This same idea is why boats or planks of wood float, but rocks do not. 4. Icebergs Icebergs present a unique problem for ocean-going ships that travel into the Arctic and Antarctic circles. Because the density of water changes as the temperature drops, ice floats. Also, icebergs are made of frozen freshwater, whereas the cold water around them is salty sweater; salt water has a higher density than freshwater, so combined with the frozen properties of the freshwater, icebergs float. The problem for these ships is the position of the iceberg in the water. Some estimates say that less than ten percent of the iceberg isactually visible above the surface, and the remainder can extend out dangerously before the ship is closer to the tip. This is the origin of the warning, "That's just the tip of the iceberg."