[(*)]TJ [( )24]TJ [(\()30]TJ 0.5064 0 Td 07% . [(-)24]TJ 0.2842 0 Td 0.19736 0 Td 0.53881 0 Td [(&)24]TJ [(I)]TJ [( )24]TJ 0.4862 0 Td 0.25196 0 Td [(E)2]TJ )30]TJ )30]TJ [<15>]TJ 0.51328 0 Td 0.4993 0 Td 584.125 423.787 l 270.97 603.407 l [(+)24]TJ 0.44995 0 Td 0.2783 0 Td 0.4862 0 Td )64]TJ [(\()21]TJ 0.19736 0 Td 0.1974 0 Td [(E)-4]TJ [(? [<0E>24]TJ 0.58395 0 Td [<1F>24]TJ 0.5898 0 Td [<1B>5]TJ 0.25195 0 Td [(+)24]TJ /GS0 gs 0.6705 0 Td [(E)-4]TJ [(! [<18>24]TJ 0.51035 0 Td [(@)39]TJ [<0E>24]TJ 0.22095 0 Td [( )24]TJ 0.5052 0 Td [<0E>24]TJ [(1)24]TJ [(\()]TJ 0.40341 0 Td [(. [(F)44]TJ [(? [( )24]TJ 0.50839 0 Td [(E)-4]TJ [<1E>24]TJ 0.47641 0 Td 0.50781 0 Td 1 w 0.31821 0 Td 0.58984 0 Td For the purposes of this white paper, we will primarily focus on benchmarking challenges for stable value CITs. 0.4974 0 Td 0.28417 0 Td -21.67041 -1 TD 0.28417 0 Td )49]TJ )24]TJ [(? 0.55741 0 Td [(1)42]TJ [(\()24]TJ [(J)41]TJ 0.5123 0 Td [(E)-4]TJ [(E)-4]TJ 0.1974 0 Td 0.4862 0 Td BT 0.51328 0 Td 0.5133 0 Td 0.50131 0 Td [(O)]TJ 0.50817 0 Td [( )30]TJ [<1E>24]TJ 0.1915 0 Td 0.48129 0 Td 0.4073 0 Td /F1 1 Tf 0.5074 0 Td 0.45541 0 Td )29]TJ [<05>30]TJ [(? )21]TJ [<1B>18]TJ 0.28418 0 Td 0.30776 0 Td 0.3182 0 Td 0.19736 0 Td [(? [(&)]TJ 0.41317 0 Td 0.29843 0 Td 0.4705 0 Td 0.6499 0 Td 584.574 350.073 l [(\()24]TJ 0.5052 0 Td )49]TJ [(. 0.2783 0 Td [(1)24]TJ 0.4083 0 Td )21]TJ 0.48618 0 Td 0.41577 0 Td 0.58984 0 Td 0.52588 0 Td 0.3995 0 Td 0.19736 0 Td 0.58984 0 Td 0.42441 0 Td [(")24]TJ 0.4073 0 Td 0.67636 0 Td [(@)]TJ 0.2842 0 Td [(E)-4]TJ /GS0 gs [<17>24]TJ 0.37695 0 Td [(I)24]TJ [(-)24]TJ [(1)39]TJ 0.51523 0 Td 0.2964 0 Td [(,)-4]TJ )24]TJ [(7)33]TJ [(I)24]TJ 0.28418 0 Td 0.4852 0 Td 0 0 0 1 k 0.221 0 Td [<15>32]TJ 0.50879 0 Td 0.48228 0 Td 0.32203 0 Td )54]TJ [(K)24]TJ )51]TJ 230.625 328.374 m 0.4729 0 Td 0.40342 0 Td [(I)24]TJ 0.45349 0 Td [<13>]TJ 0.40928 0 Td [(E)-4]TJ Important Fee Information. 0.19736 0 Td 0.7884 0 Td 0.3975 0 Td 0.19736 0 Td [(J)47]TJ [(@)437]TJ 0.3534 0 Td 0.51328 0 Td 0.51328 0 Td 0.1915 0 Td 0.7884 0 Td [(\()24]TJ 0.56041 0 Td [(,)-4]TJ 0.3226 0 Td 0.62793 0 Td 0.50936 0 Td [<17>30]TJ [(3)32]TJ [(H)]TJ [(E)-4]TJ 0.4974 0 Td [( )29]TJ 0.3123 0 Td [(")59]TJ 230.72 551.298 m 0.50131 0 Td 0.4803 0 Td [(E)2]TJ [( )21]TJ [($)]TJ 0.31821 0 Td 0.4862 0 Td [(\()30]TJ 0.4735 0 Td [(F)24]TJ [<1D>24]TJ 0.5123 0 Td 0.2842 0 Td 0.5123 0 Td 0.48228 0 Td [(F)]TJ [<18>24]TJ [<0E>24]TJ 0.3359 0 Td 0.4862 0 Td [(E)-4]TJ 0.58984 0 Td [(. [(3)24]TJ 0.58984 0 Td [( )24]TJ 0.3123 0 Td WebThe Stable Value Fund Rate reflects the net crediting rate applied to the book value of the Stable Value Fund. [(2)33]TJ 0.19736 0 Td [(\()]TJ 0.5304 0 Td 0.19736 0 Td 0.40928 0 Td [<17>24]TJ 0.3123 0 Td 0.48618 0 Td )49]TJ [(\()24]TJ 0.28418 0 Td 0.36313 0 Td [( )30]TJ 0.5123 0 Td 0.3475 0 Td )30]TJ [( )]TJ 0.5133 0 Td The funds are not FDIC-insured or registered with [(D)]TJ 0.6112 0 Td )]TJ [(F)24]TJ 0.48129 0 Td 0.5123 0 Td 0.24194 0 Td [( )24]TJ [(%)24]TJ [(\()24]TJ [(-)24]TJ 0.47641 0 Td [(F)24]TJ 0.19736 0 Td 0.28417 0 Td )24]TJ )49]TJ 0.3226 0 Td 0.4852 0 Td 0.5152 0 Td 0.4862 0 Td [(\()24]TJ 0.46756 0 Td [<14>]TJ 0.4852 0 Td 0.4132 0 Td [(E)-4]TJ [<16>24]TJ [(\()24]TJ 0.25 w /OP false [( )6]TJ [(7)]TJ 0.31821 0 Td 0.4852 0 Td 0.28416 0 Td 0.4862 0 Td [( )24]TJ 0.5123 0 Td [<15>24]TJ 0.30188 0 Td [<17>]TJ [(. The investment objective of stable value funds is to provide capital preservation and predictable steady, returns. 0.4073 0 Td [(\()24]TJ [<1F>24]TJ 0.1974 0 Td [<17>21]TJ [( )33]TJ [(F)31]TJ 0.48618 0 Td [(F)30]TJ )49]TJ 0.2783 0 Td [(-)24]TJ 0.25195 0 Td 0.51328 0 Td [(,)-4]TJ 0.45895 0 Td 0.1974 0 Td [(F)44]TJ 0.4513 0 Td )56]TJ 0.44125 0 Td [(? 0.79428 0 Td 0.28418 0 Td 0.19736 0 Td 0.51522 0 Td 0.51522 0 Td 0.3182 0 Td 0.51818 0 Td [(")22]TJ [<18>24]TJ 0.2783 0 Td [(F)24]TJ 0.48912 0 Td 0.30529 0 Td 0.39086 0 Td [(+)24]TJ [<14>24]TJ )24]TJ [(/)]TJ [(%)24]TJ 0.50388 0 Td 280.3544 704.528 290.428 694.4544 290.428 682.028 c [<1A>30]TJ [(E)2]TJ 0.5093 0 Td [<15>24]TJ 0.51522 0 Td 0.4862 0 Td [( )34]TJ 0.31845 0 Td 0.3123 0 Td 0.4505 0 Td [<0E>24]TJ 0.44125 0 Td 0.28417 0 Td [(. 0.50879 0 Td 0.3418 0 Td 0 0 0 0.5 K [<14>24]TJ 557.6689 758.2151 l 0.47641 0 Td [<11>109]TJ [(. [(F)7]TJ [(? [(@)16]TJ [(F)21]TJ 0.2842 0 Td [(*)10]TJ [(J)51]TJ 0.79427 0 Td 0.4803 0 Td 0.4852 0 Td )29]TJ [<12>30]TJ They were once called guaranteed insurance contracts until some lawsuits caused them to be renamed to stable value dropping the implied guarantee. 0.5098 0 Td [(+)32]TJ [(-)30]TJ )29]TJ 0.3125 0 Td [<1D>30]TJ [(@)24]TJ 0.3475 0 Td [<1D>30]TJ 0.5133 0 Td -41.8509 -1 TD 0.28417 0 Td 0.28491 0 Td 0.50521 0 Td [(F)24]TJ 430.386 551.298 12.3831 41.017 re [<15>24]TJ 0.2842 0 Td [(;)]TJ 0.3285 0 Td [<10>]TJ [( )30]TJ [(\()30]TJ [(\r)36]TJ 0.28418 0 Td [(E)-7]TJ [(. 0.531 0 Td [(7)30]TJ 0.50521 0 Td [(J)39]TJ [<17>]TJ 0.20031 0 Td 0.51522 0 Td [(J)30]TJ 0.31137 0 Td [(F)24]TJ [(")46]TJ 0.29843 0 Td 0.5152 0 Td [(E)-4]TJ [(,)-4]TJ 0.5643 0 Td 0.44125 0 Td 0.5052 0 Td View & analyze the 0P0000WHLZ fund chart by total assets, risk rating, Min. [<1B>24]TJ 0.52231 0 Td [<1E>6]TJ [(3)32]TJ 0.1974 0 Td 0.40636 0 Td 0.48617 0 Td 0.4852 0 Td 0.4803 0 Td [(. )30]TJ 0.5249 0 Td 0.48618 0 Td [(\))24]TJ 0.2745 0 Td /F1 1 Tf [(@)24]TJ 0.58984 0 Td 0.1974 0 Td [( )24]TJ 0.4803 0 Td [(I)24]TJ )49]TJ 0.28417 0 Td 0.47193 0 Td 0.48618 0 Td [(1)29]TJ 0.1915 0 Td [(-)24]TJ 0.5052 0 Td 0.22095 0 Td [(F)24]TJ 0.427 0 Td 0.5123 0 Td )24]TJ [(,)]TJ 0.2842 0 Td [(%)]TJ 0.58984 0 Td [(. [(*)49]TJ 0.4803 0 Td 0.4132 0 Td [(M)24]TJ [(. 0.19736 0 Td 0.3475 0 Td 0.4862 0 Td 0.2783 0 Td [(F)41]TJ 0.5743 0 Td )24]TJ 6 0 0 6 388.0184 733.7236 Tm [(I)30]TJ [<0E>28]TJ 0.58984 0 Td 0.1974 0 Td [(? [( )24]TJ 0.5123 0 Td 0.2842 0 Td 0.5123 0 Td 0.4862 0 Td )49]TJ 0.5249 0 Td [(E)-4]TJ [( )30]TJ )49]TJ -20.21282 -1 TD [(\()]TJ 0.3182 0 Td 0.5388 0 Td [(? [<1E>]TJ 562.6396 717.2674 564.7958 715.1199 567.4565 715.1199 c 0.51328 0 Td [(. ET 0.64969 0 Td 0.48227 0 Td [(O)]TJ [<1E>24]TJ 4.92271 0 Td Financial professionals include: financial advisors, retail wholesalers; financial planners; broker/dealer home office; wirehouses; registered financial advisors; and bank trusts.". 0.1915 0 Td [<1B>24]TJ 0.2503 0 Td 0.1915 0 Td 0.28417 0 Td 552.124 754.8714 l 0.35631 0 Td 0.47641 0 Td 0.48617 0 Td [(\()24]TJ 0.41317 0 Td [(E)-4]TJ [(/)590]TJ [(J)41]TJ -10.07291 -12.6748 TD 0.5123 0 Td 0.3995 0 Td [(\()24]TJ 0.28418 0 Td [(\()24]TJ 0.51327 0 Td 0.48618 0 Td 0.79428 0 Td 0.50131 0 Td [(M)24]TJ [(\()6]TJ [<17>24]TJ 0.3182 0 Td 0.40636 0 Td [(I)30]TJ )24]TJ 0.1915 0 Td 0.3226 0 Td 0.22094 0 Td 0.3123 0 Td 0.28418 0 Td [(,)-4]TJ [<1A>24]TJ 0.51328 0 Td 0.49011 0 Td 0.4852 0 Td [(1)39]TJ 0.31821 0 Td 0.3123 0 Td 0.40341 0 Td 0.31821 0 Td 0.4664 0 Td 0.4862 0 Td 0.50521 0 Td 0.4703 0 Td 0.58984 0 Td [<02>24]TJ [<15>24]TJ [(\()30]TJ [(+)30]TJ 0.2183 0 Td [(9)24]TJ Each type of stable value fund has its own unique characteristics, and all face benchmarking challenges. 0.48034 0 Td 8 0 0 8 230.625 317.2364 Tm [(\()24]TJ 0.4132 0 Td [<1A>30]TJ 0.28417 0 Td -20.81071 -1 TD [(+)24]TJ [(1)30]TJ [(. [(O)]TJ [( )24]TJ [<0F>24]TJ [(-)24]TJ 0.50521 0 Td 0.4905 0 Td 0.41612 0 Td [( )24]TJ 383.952 551.298 12.383 13.734 re [(&)24]TJ [(,)-4]TJ 0.41318 0 Td 0.55395 0 Td 0.50521 0 Td 0.5388 0 Td [<03>30]TJ ET 0.47836 0 Td -20.5804 -1 TD 0.50131 0 Td [(@)30]TJ [(\))24]TJ [(@)34]TJ [<07>24]TJ 0.44125 0 Td 0.3285 0 Td 0.5133 0 Td [(&)24]TJ [(E)-4]TJ 8 0 0 8 181.1986 237.595 Tm [<17>30]TJ 0.52427 0 Td )24]TJ 0.19736 0 Td 0.43676 0 Td Financial professionals include: financial advisors, retail wholesalers; financial planners; broker/dealer home office; wirehouses; registered financial advisors; and bank trusts. [(E)-4]TJ [<15>33]TJ 0.50195 0 Td [(\()24]TJ 0.3185 0 Td [(\()21]TJ 0.4852 0 Td 0.29842 0 Td [<18>24]TJ 0.58984 0 Td 0.51035 0 Td BT [<1E>24]TJ 0.5133 0 Td 0.5093 0 Td [(&)21]TJ 0.28417 0 Td 0.4803 0 Td [(,)-4]TJ 0.5133 0 Td [(E)-4]TJ [(F)21]TJ 0.2032 0 Td 0.19736 0 Td [<1E>24]TJ 0.19736 0 Td 0.3123 0 Td 0.28712 0 Td 0.51523 0 Td 0.50521 0 Td [(O)590]TJ [<17>39]TJ 0.58984 0 Td [( )]TJ [(E)-28]TJ 0.31821 0 Td [(E)-4]TJ [(F)49]TJ [($)590]TJ [<1A>30]TJ 8 0 0 8 181.1986 226.9024 Tm [(E)-4]TJ )59]TJ [(E)-4]TJ [(M)30]TJ [<1A>30]TJ [(3)24]TJ 0.28331 0 Td 0.3285 0 Td 8 0 0 8 230.7202 499.1804 Tm [<1B>24]TJ [(")30]TJ 0.28623 0 Td 0.5093 0 Td [(. 0.51523 0 Td )59]TJ 0.51522 0 Td -20.44107 0 Td 0.2783 0 Td [(3)30]TJ 0.31821 0 Td [<05>98]TJ [(3)30]TJ [( )30]TJ 0.2562 0 Td 0.1974 0 Td [(6)870]TJ [($)590]TJ )54]TJ [(F)33]TJ 0.44348 0 Td 0.4132 0 Td [(\))30]TJ 0.65796 0 Td 0.19736 0 Td 0.19736 0 Td )30]TJ [(F)44]TJ [<01>]TJ [(5)348]TJ 0.31845 0 Td 0.4852 0 Td [(. 0.4852 0 Td 0.35336 0 Td Cost incurred to buy wrap contracts reduces Portfolio performance. )49]TJ 0.60434 0 Td 0.28418 0 Td 0.30139 0 Td 0.3182 0 Td The fund is sponsored by Invesco. [(+)24]TJ 0.42736 0 Td [(F)24]TJ [(#)]TJ [(E)-4]TJ [(\()24]TJ )24]TJ 0.1974 0 Td [<0E>24]TJ [( )39]TJ [(E)-4]TJ [<17>]TJ 0.64205 0 Td [<1B>21]TJ 0.30776 0 Td 0.1915 0 Td )54]TJ 0.4993 0 Td [(&)24]TJ [( )24]TJ [(=)73]TJ [(,)-4]TJ [(-)39]TJ 0.19736 0 Td [( )24]TJ [( )29]TJ 5 0 0 5 313.132 699.8342 Tm 0.2842 0 Td 8 0 0 8 417.1338 480.3419 Tm 0.2213 0 Td [(&)24]TJ 0.50131 0 Td [(I)24]TJ 0.55741 0 Td )30]TJ 0.3182 0 Td [(E)-4]TJ [<12>40]TJ [(8)-10]TJ 0.2842 0 Td )46]TJ )55]TJ [(-)24]TJ [(@)24]TJ 0.32846 0 Td [(+)24]TJ 0.28417 0 Td 0.4862 0 Td [(F)44]TJ 0.19736 0 Td [(+)]TJ [(\))21]TJ 0.50839 0 Td [<1A>24]TJ 0.3975 0 Td )30]TJ [<17>24]TJ 0.19736 0 Td [(K)59]TJ 0.31137 0 Td [(E)-4]TJ [(F)24]TJ 0.3182 0 Td [( )24]TJ )29]TJ [(-)24]TJ 0.5898 0 Td [(7)24]TJ 0.3023 0 Td [(@)24]TJ 0.2804 0 Td [(F)44]TJ 0.51523 0 Td )46]TJ 0.2783 0 Td 0.2783 0 Td 0.51391 0 Td 0.45052 0 Td -43.0428 -1 TD 0.28712 0 Td 0.5052 0 Td [( )21]TJ [<1E>24]TJ [(4)]TJ [( )24]TJ [(&)24]TJ [<1B>24]TJ [(+)24]TJ )35]TJ 0.4073 0 Td [(F)24]TJ 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. [(%)24]TJ [(@)34]TJ [(J)41]TJ [( )30]TJ 0.41186 0 Td 0.50521 0 Td 0.1915 0 Td 0.1915 0 Td 0.28417 0 Td 0.48815 0 Td 0.47412 0 Td BT [(*)24]TJ [<00>720]TJ 0.28418 0 Td [(. 0.28418 0 Td 0.4852 0 Td 0.30234 0 Td 0.51522 0 Td 0.4852 0 Td 0.19736 0 Td 0.42736 0 Td [(K)21]TJ 0.5093 0 Td 5 0 0 5 312.9492 582.0765 Tm 0.1915 0 Td [<1B>24]TJ [(F)21]TJ 0.4354 0 Td [(I)30]TJ [(J)47]TJ [(-)24]TJ 0.3631 0 Td 0.48617 0 Td [(\()30]TJ [(I)30]TJ )21]TJ [<1E>24]TJ 0.2842 0 Td [(1)24]TJ 0.21505 0 Td 0.47738 0 Td 0.2842 0 Td 0.58984 0 Td [( )30]TJ 0.2842 0 Td 0.2842 0 Td )24]TJ )49]TJ 0.28712 0 Td 0.4803 0 Td 0.2842 0 Td 0.1915 0 Td [( )34]TJ [( )24]TJ 0.4073 0 Td )]TJ [( )24]TJ [<1E>24]TJ 0.3182 0 Td 0.5064 0 Td )21]TJ [(\))24]TJ [(F)24]TJ [(@)34]TJ [<14>]TJ [(? 0.4852 0 Td [(-)24]TJ [(E)-4]TJ [(0)24]TJ 0.3182 0 Td [(F)24]TJ 0.3277 0 Td [(E)-7]TJ [( )34]TJ 0.50936 0 Td )24]TJ 0.3534 0 Td [( )24]TJ [(\()554]TJ 0.52588 0 Td [(4)507]TJ 0.50936 0 Td [(F)30]TJ 0.5052 0 Td [<1E>24]TJ [<07>30]TJ )24]TJ 0.51328 0 Td 0.42441 0 Td 0.73718 0 Td 0.2975 0 Td [( )24]TJ [<0F>]TJ [(M)501]TJ 0.2842 0 Td [(M)24]TJ [( )24]TJ 0.1974 0 Td 0.2783 0 Td 0.3182 0 Td 0.4205 0 Td 0.33654 0 Td W n [(")46]TJ [(+)6]TJ 0.28418 0 Td 0.2842 0 Td [(? [(I)24]TJ [<16>]TJ 0.2842 0 Td 0.2842 0 Td [(E)-4]TJ 0.4132 0 Td )24]TJ 0.19736 0 Td [(\))24]TJ 0.19736 0 Td 0.48815 0 Td 0.51328 0 Td [(+)21]TJ 0.3104 0 Td [(")24]TJ [( )39]TJ [( )34]TJ 0.4793 0 Td [( )24]TJ 0.4852 0 Td [(E)-4]TJ [(F)49]TJ 0.48617 0 Td 0.3226 0 Td 0.36312 0 Td [( )24]TJ 0.50644 0 Td [( )7]TJ 0.5064 0 Td [(E)-4]TJ 0.28417 0 Td 0.1974 0 Td [<0E>24]TJ [(+)24]TJ [(,)-4]TJ [<1E>30]TJ )24]TJ 0.4784 0 Td 0.5898 0 Td [( )24]TJ 0.50521 0 Td )49]TJ [<15>24]TJ 0.79428 0 Td 0.48617 0 Td 0.2562 0 Td [<0E>24]TJ 0.4852 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. [<1A>24]TJ 0.3534 0 Td 270.97 565.907 m 0.35336 0 Td [( )24]TJ [(-)24]TJ [(. 0.5052 0 Td 0.48617 0 Td [(")24]TJ 0.2783 0 Td 0.4132 0 Td [<17>30]TJ 0.2842 0 Td [(\))24]TJ [( )24]TJ [<17>24]TJ 0.19736 0 Td 0.2964 0 Td )54]TJ [(\))30]TJ [(\()30]TJ 0.2562 0 Td )24]TJ 0.2783 0 Td 0.28418 0 Td 0.4803 0 Td [<1F>24]TJ 0.51525 0 Td [(F)44]TJ 0.4862 0 Td 0.3975 0 Td [(E)-4]TJ 0.46249 0 Td [(E)-4]TJ 0.4993 0 Td 0.36312 0 Td 0.4945 0 Td 0.28418 0 Td [(")29]TJ 0.53098 0 Td 0.2842 0 Td 0.22095 0 Td 0.31821 0 Td [(I)24]TJ 0.50521 0 Td [(E)2]TJ [( )]TJ 0.25195 0 Td )20]TJ 561.5888 720.2078 559.9018 720.6834 558.2128 721.0818 c 0.31821 0 Td 0.19736 0 Td 0.56625 0 Td 0.5123 0 Td 0.5123 0 Td 0.3182 0 Td 0.4725 0 Td 0.5093 0 Td 0.28417 0 Td [<07>24]TJ [(1)24]TJ [(J)39]TJ **Includes cash and cash equivalents held in underlying investments. [(")34]TJ [(I)24]TJ [<00>720]TJ [(E)2]TJ [(\))24]TJ 0.50684 0 Td [(\()24]TJ 0.19736 0 Td [(%)24]TJ 0.48912 0 Td 0.2842 0 Td 0.5491 0 Td [( )24]TJ )24]TJ 0.2562 0 Td 0.5133 0 Td [( )21]TJ 0.73031 0 Td 0.51514 0 Td 0.48617 0 Td 0.19736 0 Td [(? 0.47739 0 Td 0.3285 0 Td [(8)590]TJ 0.2842 0 Td [<1B>29]TJ 0.4713 0 Td [(\))433]TJ 0.28417 0 Td [(3)24]TJ [(? 0.1974 0 Td 0.4852 0 Td 0.51035 0 Td 0.4862 0 Td 0.4132 0 Td Important information. 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). [(-)342]TJ 0.31821 0 Td )24]TJ 0.28417 0 Td 0.50936 0 Td [(? [( )24]TJ /GS0 gs [(\()24]TJ 0.19736 0 Td [(*)49]TJ [(I)24]TJ [(.  [<17>30]TJ [(E)280]TJ 0.4703 0 Td [<05>92]TJ 0.30776 0 Td 0.4793 0 Td 0.31845 0 Td 0.50131 0 Td [(J)41]TJ 0.4703 0 Td [<17>24]TJ [(K)24]TJ 0.4413 0 Td 0.3123 0 Td [(@)34]TJ 0.67931 0 Td 0.5098 0 Td [<17>24]TJ 0.4795 0 Td [(E)2]TJ 304.677 679.654 304.459 677.327 304.042 675.072 c [(E)-4]TJ [(E)-4]TJ 0.4073 0 Td [<1B>-10]TJ 0.47936 0 Td [(. [<12>40]TJ [(? 0.4073 0 Td 0.50132 0 Td 0.2783 0 Td 0.1974 0 Td [(? 0.19736 0 Td 0.45052 0 Td [<1E>30]TJ 0.2842 0 Td [(,)-4]TJ 0.4803 0 Td 0.28417 0 Td [<18>]TJ [(. 0.48228 0 Td 0.42441 0 Td 0 Tc 552.124 759.3265 l [(. [(/)24]TJ 0.53686 0 Td 0.47739 0 Td [<1B>6]TJ 0.4862 0 Td )24]TJ 0.28418 0 Td 0.1915 0 Td [( )30]TJ [<17>]TJ 0.51392 0 Td [(E)2]TJ /F1 1 Tf 0.4993 0 Td [(. [(? 0.3182 0 Td 0.5133 0 Td )24]TJ [( )24]TJ [(F)24]TJ [(F)44]TJ [<1B>24]TJ 0.40341 0 Td 0.5052 0 Td [(@)]TJ [(E)-7]TJ 0.2783 0 Td 0.4935 0 Td 0.5152 0 Td [(F)26]TJ 0.5064 0 Td [(3)24]TJ 0.29842 0 Td [(F)24]TJ [(E)2]TJ 0.37695 0 Td [(F)24]TJ 0.39477 0 Td 0.3475 0 Td 0.4852 0 Td 0.2842 0 Td 0.7943 0 Td 0.5152 0 Td [<17>24]TJ [(%)24]TJ 0.45053 0 Td [(E)-4]TJ [<17>24]TJ )49]TJ [<0E>24]TJ 0.5052 0 Td 0.28418 0 Td [(\()24]TJ 0.50936 0 Td [(7)33]TJ BT [<1B>30]TJ [(E)-4]TJ 0.51525 0 Td [( )24]TJ [(. 0.31821 0 Td [(\))24]TJ [(\()24]TJ 0.5015 0 Td [<17>21]TJ 0.31821 0 Td 0.41186 0 Td [(. 0.2783 0 Td 0.4505 0 Td 0.4412 0 Td [<1E>]TJ 0.4205 0 Td )]TJ [(\()24]TJ [(. [<1C>10]TJ [<0F>24]TJ [(I)24]TJ [<16>24]TJ 0.2842 0 Td [(@)437]TJ [(E)2]TJ 0.58984 0 Td 0.4034 0 Td )30]TJ [(@)24]TJ [(E)-7]TJ [(F)30]TJ [(3)24]TJ 0.50351 0 Td [(&)24]TJ BT [(1)15]TJ 0.3226 0 Td [(1)39]TJ )24]TJ [(\))33]TJ [(. 0.35336 0 Td 0.5 0 Td 0.28417 0 Td 0.4862 0 Td [(E)2]TJ 8 0 0 8 230.625 195.928 Tm )6]TJ [(? 0.47324 0 Td 0.43637 0 Td 0.4793 0 Td 0.4073 0 Td 0.3475 0 Td [<14>24]TJ [(3)30]TJ 0.48618 0 Td [( )24]TJ 0.4664 0 Td [(+)24]TJ [(E)2]TJ [(\()30]TJ 0.4993 0 Td 0.4132 0 Td 0.29842 0 Td [<00>6]TJ [(+)24]TJ 0.5052 0 Td 0.50976 0 Td 0.48228 0 Td [<00>15]TJ 0.47739 0 Td [<1F>24]TJ [(@)437]TJ [(I)24]TJ [(F)24]TJ [<15>34]TJ 0.3182 0 Td )6]TJ )24]TJ [(1)24]TJ [(I)]TJ 0.5898 0 Td 0.21505 0 Td [(E)-4]TJ 0.4844 0 Td 0.53199 0 Td ET 0.22094 0 Td [( )34]TJ 0.3673 0 Td 0.35336 0 Td 0.48618 0 Td [<1E>24]TJ 0.50449 0 Td 0.3475 0 Td 0.2783 0 Td )49]TJ [(F)28]TJ [<1B>29]TJ 0.2783 0 Td [<17>24]TJ [(7)33]TJ [(1)52]TJ 0.3078 0 Td [( )24]TJ 0.50936 0 Td 0.31821 0 Td [<1E>24]TJ 0.35336 0 Td 0.75781 0 Td 0.2842 0 Td [( )32]TJ [<07>20]TJ 0.3995 0 Td 0.23486 0 Td [(E)-4]TJ [(#)]TJ )49]TJ 0.35337 0 Td [<17>39]TJ [(E)2]TJ 0.28417 0 Td [(4)34]TJ 0.5074 0 Td 0.45053 0 Td [( )34]TJ 0.1915 0 Td The 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. [(. [(. 0.19736 0 Td )24]TJ 0.28417 0 Td 0.51523 0 Td 0.5052 0 Td [<1B>41]TJ [(\()24]TJ [(E)-4]TJ [( )24]TJ ET 0.28418 0 Td [(E)-4]TJ 0.4852 0 Td 0.64205 0 Td )21]TJ 0.48618 0 Td [(#)24]TJ [<0E>24]TJ [(E)-7]TJ 0.4852 0 Td 0.30776 0 Td 0.30981 0 Td 0.4852 0 Td 0.28712 0 Td [(3)24]TJ 0.19736 0 Td 0.2842 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