0.48617 0 Td [( )24]TJ [( )30]TJ )]TJ 0.41577 0 Td [(&)24]TJ [(F)21]TJ 0.50839 0 Td 0.51978 0 Td 0.3033 0 Td 0.30234 0 Td 0.1915 0 Td [(@)24]TJ )30]TJ 0.32116 0 Td [(%)]TJ 0.1974 0 Td 0.3934 0 Td [<1D>24]TJ )24]TJ [(\()24]TJ [(F)41]TJ 0.4715 0 Td 0.28418 0 Td 0.4844 0 Td 0.1974 0 Td [(E)-4]TJ 0.71997 0 Td 0.4354 0 Td 0.58984 0 Td 0.41318 0 Td 0.42931 0 Td 0.40928 0 Td 0.50521 0 Td 0.5123 0 Td 0.48618 0 Td [(\))34]TJ [<10>24]TJ 0.1915 0 Td 0.4073 0 Td [(. [<14>]TJ 0.82724 0 Td 0.4974 0 Td 0.3182 0 Td [(L)41]TJ [(+)24]TJ 0.47544 0 Td [<17>24]TJ 0.29843 0 Td 0.4862 0 Td 0.39477 0 Td )24]TJ 0.4974 0 Td [(E)-4]TJ [(+)30]TJ 0.2842 0 Td Institutional includes defined contribution and defined benefit plans (corporate, public, Taft-Hartley), foundations and endowments, insurers, corporate cash managers, consultants, and trust administrators/custodians. 0.51035 0 Td [(F)24]TJ 0.7943 0 Td 0.5388 0 Td 0.28417 0 Td 0.19736 0 Td 0.52295 0 Td 0.49058 0 Td 0.29842 0 Td 0.5123 0 Td [<1B>24]TJ )59]TJ 0.4764 0 Td [( )24]TJ 0.40928 0 Td 0.79037 0 Td [<1A>24]TJ [<17>39]TJ [(E)2]TJ [(1)24]TJ [(@)30]TJ )55]TJ [(+)24]TJ 0.4803 0 Td [(8)590]TJ [(\()]TJ -19.5024 -1 TD [(. [(%)24]TJ [( )24]TJ -46.2092 18.7141 TD 0.48912 0 Td 0.5052 0 Td [(E)-4]TJ 0.43994 0 Td 0.50131 0 Td )24]TJ 0.48129 0 Td [<17>24]TJ [(\t)54]TJ [(8)-28]TJ 0.3125 0 Td 562.1069 738.2122 l [( )30]TJ )49]TJ [(E)-7]TJ [(21]TJ 0.19736 0 Td 0.2783 0 Td [(\()24]TJ 0.5249 0 Td [(1)24]TJ )24]TJ 0.31821 0 Td [(. [(F)15]TJ S )24]TJ [(F)24]TJ 0.51818 0 Td [<1F>24]TJ 0.44125 0 Td 0.25646 0 Td 0.4793 0 Td [(1)24]TJ 0.29842 0 Td 0.19736 0 Td 0.4073 0 Td [(E)-4]TJ [<1B>24]TJ [(E)-4]TJ [(J)39]TJ [( )24]TJ [<1E>24]TJ 0.28418 0 Td [(\()24]TJ [(&)24]TJ [(@)30]TJ 0.48617 0 Td 0.5074 0 Td 0.50131 0 Td 0.50521 0 Td [(F)24]TJ [(? 0.41317 0 Td 0.1974 0 Td 0.5093 0 Td 0.4725 0 Td [(O)590]TJ )59]TJ [(7)280]TJ The list of available sites for your audience will appear 0.28418 0 Td 0.50936 0 Td Bloomberg US Treasury Bellwethers 3 Months Total Return Index, (529-NAT) Invesco Stable Value Portfolio commentary, {{histTableData.rateDate | date : 'MM/dd/yyyy'}}, {{histTableData.netAssetValue | numberValue}}, {{histTableData.offeringPrice | numberValue}}. 0.49606 0 Td 0.4852 0 Td [<17>24]TJ [(3)21]TJ 0.75781 0 Td 0.48129 0 Td 0.49448 0 Td )]TJ 0.5103 0 Td [(F)24]TJ [<1E>24]TJ [( )24]TJ 0.42636 0 Td [(*)39]TJ [<1B>24]TJ )49]TJ [(@)30]TJ [<16>29]TJ 0.1915 0 Td [(E)-4]TJ [(? [(L)36]TJ 417.134 445.842 m [<15>24]TJ [(@)34]TJ [( )24]TJ ET [<1D>30]TJ [(F)21]TJ [(K)47]TJ [( )]TJ Inception Date: March 30, 1988 . [(E)280]TJ 0.5133 0 Td )24]TJ [<1B>30]TJ 0.4034 0 Td [(G)590]TJ 0.5088 0 Td 0.36312 0 Td 0.2213 0 Td [<15>33]TJ [(7)]TJ [(F)31]TJ 0.4715 0 Td [(E)-4]TJ [( )7]TJ [(\()24]TJ [(,)-4]TJ 0.28417 0 Td /GS0 gs [(1)24]TJ 0.49033 0 Td 0.5259 0 Td [(E)-4]TJ 0.5074 0 Td 0.7886 0 Td /GS0 gs 0.37695 0 Td 0.6764 0 Td 0.19736 0 Td [(+)24]TJ )24]TJ 0.30188 0 Td [(\()24]TJ [(E)-4]TJ 0.50131 0 Td [<1E>24]TJ f [(2)]TJ 0.5152 0 Td Retirement Plan Manager provides plan sponsors the tools they need to more effectively manage their retirement plans. [(F)31]TJ [(")39]TJ f [(+)24]TJ [<00>6]TJ 0.4852 0 Td [(E)-4]TJ [(M)30]TJ 0.30187 0 Td 0.5074 0 Td )30]TJ [(-)24]TJ 0.48129 0 Td [(J)30]TJ 0.4205 0 Td [(@)24]TJ [( )30]TJ [<10>]TJ 0.60302 0 Td [(\()24]TJ 0.4864 0 Td 0.3125 0 Td [(H)]TJ [( )24]TJ [(I)24]TJ 0.28418 0 Td [( )24]TJ [( )24]TJ 0.40341 0 Td [(K)30]TJ [(E)-28]TJ 0.4774 0 Td [<1A>]TJ 0.51977 0 Td [(. )29]TJ 0.5164 0 Td 0.3123 0 Td 0.5123 0 Td 0.7943 0 Td [(E)-4]TJ 0.35141 0 Td 0.48913 0 Td 0.3975 0 Td [<1B>24]TJ 0.41613 0 Td 0.51328 0 Td 0.48129 0 Td 0.28417 0 Td [(\()43]TJ [(. 0.48486 0 Td 0.31821 0 Td 0.3182 0 Td [(E)-4]TJ 0.2842 0 Td [(\))24]TJ 0.5123 0 Td 0.4852 0 Td 0.3534 0 Td [( )24]TJ 0.3182 0 Td 0.50521 0 Td 0.5152 0 Td 0.2842 0 Td 0.50741 0 Td 0.28418 0 Td 0.51818 0 Td [(I)24]TJ 0.28417 0 Td 0.28418 0 Td 0.43735 0 Td 0.2562 0 Td 1 0.02 0.6 0.14 k 0.52804 0 Td [<01>]TJ 0.31821 0 Td 0.3123 0 Td [(@)34]TJ [(? 0.2745 0 Td [(*)]TJ [( )24]TJ 0.5045 0 Td 0.2783 0 Td 0.4993 0 Td [(. [(H)]TJ 0.4774 0 Td [<1E>24]TJ [(. 0.19736 0 Td [($)]TJ 0.4852 0 Td [<17>24]TJ [(F)44]TJ 0.5133 0 Td [( )]TJ [(+)24]TJ [<17>24]TJ [(@)34]TJ -21.44543 -1 TD 0.64205 0 Td [( )57]TJ )53]TJ 0.28418 0 Td 0.4703 0 Td 0.1974 0 Td 27.04 648.1 m [(E)2]TJ [(J)24]TJ [( )30]TJ 0.28418 0 Td [( )21]TJ BT 0.2842 0 Td 0.5093 0 Td [(\()24]TJ [<14>24]TJ 0.40341 0 Td 0.31821 0 Td [<1D>24]TJ 0.4793 0 Td 0.47641 0 Td [<1D>24]TJ 0.19736 0 Td 0.2783 0 Td [(J)41]TJ [(@)24]TJ [<1D>24]TJ 0.3182 0 Td 0.20031 0 Td [( )21]TJ [(-)342]TJ 0.4993 0 Td [(E)-4]TJ 0.51328 0 Td [(2)]TJ [(")30]TJ 0.4413 0 Td 560.9951 732.5931 l Invesco is in a select group of managers with extensive stable value expertise and significant fixed income resources and scale. [<1B>24]TJ 0.4803 0 Td 0.4852 0 Td 0.28417 0 Td [<11>42]TJ [(? 0.4413 0 Td 0.50521 0 Td 0.3277 0 Td [(E)-4]TJ 0.56625 0 Td [(-)24]TJ 0.30776 0 Td [<14>24]TJ 0.28417 0 Td [(F)36]TJ )30]TJ 0.50839 0 Td BT [<1B>23]TJ [( )24]TJ [( )24]TJ 0.4703 0 Td [(F)30]TJ [<1B>29]TJ [(-)44]TJ 0.2842 0 Td [(@)24]TJ 0.28712 0 Td 0.3285 0 Td -20.69318 -1 TD 0.4412 0 Td )24]TJ [<1E>21]TJ 0.5133 0 Td [(@)34]TJ [(1)24]TJ 0.2842 0 Td [(1)21]TJ [( )24]TJ 0.28418 0 Td [(E)-4]TJ /GS0 gs [( )24]TJ 0.2842 0 Td [(-)24]TJ [( )24]TJ [(D)64]TJ 0.48617 0 Td [(,)-4]TJ [(9)24]TJ 0.20031 0 Td 0.50521 0 Td )57]TJ [(1)30]TJ [<0E>24]TJ 0.19736 0 Td 0.1915 0 Td [(B)]TJ 0.4364 0 Td [(,)-4]TJ 0.19736 0 Td 0.3744 0 Td 0.43246 0 Td [<1B>35]TJ 0.21505 0 Td 0.5133 0 Td Please Note: Before investing in any 529 plan, you should consider whether your or the beneficiary's home state offers a 529 plan that provides its taxpayers with favorable state tax and other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available through investment in the home state's 529 plan. [<17>21]TJ [(@)39]TJ [( )24]TJ Our CollegeBound 529 portal allows you to contribute, open, manage, and withdraw from your account. 0.44125 0 Td 0.2783 0 Td 0.2783 0 Td 0.50195 0 Td [(. [(")43]TJ 0.50839 0 Td [(\()]TJ [( )24]TJ [(E)-7]TJ 0.51328 0 Td [(&)24]TJ 8 0 0 8 230.7202 499.1804 Tm [<04>21]TJ 0.50131 0 Td )59]TJ 0.5259 0 Td [<1F>24]TJ 0.58395 0 Td 0.57105 0 Td 0.2783 0 Td [(E)-4]TJ 0.59595 0 Td 0.34204 0 Td 0.3185 0 Td 0.79428 0 Td 0.3185 0 Td [(@)29]TJ 0.2842 0 Td )24]TJ 0.19736 0 Td 0.48617 0 Td [(K)24]TJ [(&)24]TJ Units of the portfolios are municipal securities, and the value of the units will vary with market conditions. 0.4993 0 Td [(@)24]TJ 0.79427 0 Td [(+)21]TJ 0.20031 0 Td [(+)30]TJ [( )39]TJ 0.28712 0 Td 0.50936 0 Td )24]TJ )21]TJ 0.2783 0 Td [( )24]TJ [(! [(. [(. [<17>24]TJ [(E)-4]TJ [<1A>24]TJ 0.41317 0 Td 0.7884 0 Td [<15>34]TJ 0.1974 0 Td 533.1928 733.7151 l 0.51522 0 Td [(%)24]TJ )24]TJ 0.50131 0 Td 0.32846 0 Td 0.28418 0 Td 8 0 0 8 160.2297 628.2015 Tm 0.50936 0 Td [(+)]TJ /F0 1 Tf )49]TJ 0.51818 0 Td ET 0.31821 0 Td [(1)47]TJ 0.1974 0 Td 0.3743 0 Td 0.55741 0 Td 0.32651 0 Td [<0E>24]TJ 0.4764 0 Td [(E)2]TJ 0.40341 0 Td [(1)30]TJ [( )24]TJ 0.53199 0 Td )377]TJ 0.51525 0 Td 0.5323 0 Td )24]TJ 0.19736 0 Td 0.19736 0 Td 0.50936 0 Td 0.33496 0 Td 0.2842 0 Td [(1)21]TJ 0.28418 0 Td 0.5064 0 Td 0.2125 0 Td )30]TJ 0.19736 0 Td 0.32846 0 Td [( )51]TJ 0.51818 0 Td [<18>24]TJ [<17>24]TJ )59]TJ 0.4852 0 Td [(@)39]TJ [( )24]TJ Ms. Graef began her testimony by describing Vanguards disclosures for stable value funds. 0.4364 0 Td [(I)30]TJ [( )39]TJ [(E)-4]TJ [(+)24]TJ [(F)49]TJ 0.2984 0 Td 0.2562 0 Td 0.5898 0 Td 0.4793 0 Td 0.30776 0 Td 0.4852 0 Td [(1)30]TJ 0.51328 0 Td f [( )24]TJ [( )24]TJ 13.E102-322 (10/22) CN2116376_0524 Asset Class: Stability of Principal . 0.21505 0 Td 0.2745 0 Td 0.25195 0 Td [(E)-28]TJ [<1E>24]TJ 0.43676 0 Td 0.7884 0 Td 0.3182 0 Td 0.28418 0 Td [( )21]TJ [(1)]TJ 0.2783 0 Td [(E)-4]TJ WebInvesco Stable Value Trust - Class IV Class IV Overview Performance Documents Investment Objective The primary investment objective of the Fund is to seek the preservation of principal and to provide interest income reasonably obtained under prevailing market conditions and rates, consistent with seeking to maintain required liquidity. )24]TJ [(3)]TJ [(I)30]TJ 0.5123 0 Td 585.068 500.342 l [(@)34]TJ [(@)34]TJ [<13>]TJ 0.28417 0 Td [(? 0.4993 0 Td [(E)-4]TJ [(7)24]TJ [<15>29]TJ 0.50131 0 Td 0.5249 0 Td 0.50131 0 Td [(E)-4]TJ 0.28418 0 Td [<17>]TJ 0.51522 0 Td 0.2842 0 Td 0.50131 0 Td 0.25 w -42.3165 -1 TD )21]TJ ET [<1E>529]TJ 0.4793 0 Td [(F)24]TJ 0.58395 0 Td [(K)24]TJ [(\()24]TJ [(? 0.4132 0 Td )31]TJ [<03>30]TJ 0.51328 0 Td 0.3114 0 Td 0.19736 0 Td 0.50521 0 Td [(-)24]TJ 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. [( )24]TJ [(? WebThe Invesco Collective Trust Funds are bank collective trust funds for which Invesco Trust Company serves astrustee and investment manager. 0.1915 0 Td [<1E>21]TJ 0.28491 0 Td )64]TJ [( )24]TJ [<0E>24]TJ [(+)24]TJ [(\()24]TJ [(@)24]TJ 0.37695 0 Td [(I)24]TJ [<17>30]TJ [(\()24]TJ 0.48617 0 Td [(')73]TJ 0.47739 0 Td [(%)30]TJ [( )24]TJ [(F)24]TJ [(/)33]TJ [(\))24]TJ [(E)5]TJ [<1B>46]TJ 0.3975 0 Td [(E)-4]TJ 0.48228 0 Td [(+)24]TJ 0.3182 0 Td 0.5064 0 Td 0.2783 0 Td 0.4993 0 Td 0.28416 0 Td 0.58984 0 Td [<1A>24]TJ [(")43]TJ 0.5123 0 Td 0.51818 0 Td 0.28712 0 Td 0.32846 0 Td Returns less than one year are cumulative; all others are annualized. 0.3123 0 Td 0.19736 0 Td [(I)]TJ [( )24]TJ [(? 0.2684 0 Td [(+)30]TJ 0.4852 0 Td 0.4244 0 Td 0.2745 0 Td 0.53686 0 Td [(E)-4]TJ [(\n)24]TJ [( )24]TJ 0.3078 0 Td )24]TJ 0.52548 0 Td (&)Tj 0.5104 0 Td [(F)24]TJ /GS0 gs [(K)41]TJ 8 0 0 8 561.7142 555.4435 Tm [<10>]TJ 0.4244 0 Td [(E)-4]TJ 0.19736 0 Td 0.54908 0 Td 0.19736 0 Td ET 0.58395 0 Td [<0E>24]TJ [(F)20]TJ [(E)-4]TJ 4.92271 0 Td 0.35336 0 Td 561.0898 723.6771 l [(,)-4]TJ 0.5052 0 Td 0.35631 0 Td 0.28418 0 Td 0.5123 0 Td [(4)24]TJ 0.51623 0 Td [(\()24]TJ 0.31821 0 Td [(E)-4]TJ 0.1915 0 Td 0.2842 0 Td 0.2842 0 Td 0.4774 0 Td )21]TJ 0.1974 0 Td [(@)]TJ 0.50879 0 Td 0.5133 0 Td [(. [(? 0.50131 0 Td 5>V}dH+odqtnZ-QOh.r{jt\Qu|q Mj|pVixv|~dG50,Y nrst|rw0^WP*N$R4)wtrr{=&woh^AkHd\"C/ ^SS=E [( )50]TJ [(F)24]TJ 0.4764 0 Td 0.31845 0 Td 0.42441 0 Td [<15>]TJ [(@)30]TJ 0.32846 0 Td [(J)47]TJ [(@)34]TJ 0.48618 0 Td [(3)24]TJ 584.72 483.823 l A stable value fund is a low-risk investment (like a money market fund) that delivers higher yields (like a bond fund). 0.58984 0 Td 0.28416 0 Td 0.48913 0 Td 0.3123 0 Td 584.951 764.5 l [<15>24]TJ 0.35141 0 Td [(/)870]TJ 0.20031 0 Td 0.33496 0 Td 0.51522 0 Td )24]TJ 0.2842 0 Td