0.5052 0 Td [(. 0.5123 0 Td 0.19736 0 Td 0.31821 0 Td [(J)41]TJ [(+)24]TJ 0.51523 0 Td [(F)25]TJ /F1 1 Tf 578.2768 722.4109 579.2626 721.2947 579.2626 719.9275 c [(\))24]TJ 0.50879 0 Td [<12>29]TJ 0.41318 0 Td [<17>24]TJ 0.5052 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 WebThe 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. [<1A>532]TJ [(. 0.5123 0 Td 0.5023 0 Td BT 0.3285 0 Td 0.23486 0 Td 0.50131 0 Td 0.4993 0 Td 0.22836 0 Td 0.58984 0 Td 0.31821 0 Td [( )30]TJ 0.79724 0 Td [(@)34]TJ [<15>34]TJ [(. 0.48618 0 Td 0.19736 0 Td 0.24194 0 Td [(E)-28]TJ /F1 1 Tf 0.3534 0 Td 0.28712 0 Td 0.51522 0 Td 204.389 332.876 l 0.4764 0 Td 0.28418 0 Td 0.50131 0 Td 0.2503 0 Td [<00>6]TJ [(0)24]TJ [(1)42]TJ 0.48618 0 Td [(. [(F)31]TJ [<14>24]TJ [<17>24]TJ [(7)]TJ Institutional Separate Accounts and Separately Managed Accounts are offered by affiliated investment advisers, which provide investment advisory services and do not sell securities. [(&)24]TJ 0.4844 0 Td 0.19736 0 Td 0.4205 0 Td [(E)-4]TJ 0.28418 0 Td [(. 0.50195 0 Td [(9)15]TJ 0.4793 0 Td 0.31821 0 Td [<1A>24]TJ [( )34]TJ [(M)]TJ [(E)-4]TJ [(-)24]TJ 0.35631 0 Td [(1)29]TJ -20.12185 0 Td 0.19736 0 Td 0.50839 0 Td /GS0 gs 0.33179 0 Td 0.31821 0 Td 0.2842 0 Td 0.5074 0 Td [(7)21]TJ 0.46997 0 Td [(+)32]TJ )49]TJ [(E)2]TJ [(1)24]TJ [(")24]TJ 0.28418 0 Td [(1)24]TJ 0.48815 0 Td [(&)24]TJ [(F)30]TJ 0.28712 0 Td 0.28418 0 Td 0.4793 0 Td [( )24]TJ 0.51818 0 Td [(@)24]TJ [<1E>24]TJ [(F)]TJ 0.5064 0 Td [(C)]TJ WebThe Invesco Collective Trust Funds are bank collective trust funds for which Invesco Trust Company serves astrustee and investment manager. [(E)-4]TJ -7.21786 -1.0625 TD 0.47705 0 Td 0.2842 0 Td 0.4034 0 Td [(1)24]TJ [(? 0.19736 0 Td 0.58984 0 Td [<17>]TJ )54]TJ [(@)24]TJ [<15>24]TJ f [(\))24]TJ 0.27979 0 Td [(F)24]TJ 0.50936 0 Td 0.4945 0 Td [(@)34]TJ 0.1915 0 Td 0.28418 0 Td 0.3182 0 Td [<17>30]TJ [(\()24]TJ [(")24]TJ 0.4412 0 Td [(E)-7]TJ [(E)-4]TJ 0.1974 0 Td 0.3182 0 Td [<1D>24]TJ [(8)-28]TJ /GS0 gs [(\()6]TJ 8 0 0 8 230.625 317.2364 Tm [(\()24]TJ 0.4132 0 Td Recently, the market value of many Stable Value Funds has fallen below their book value. 0.4852 0 Td [(\()48]TJ [<17>30]TJ [( )30]TJ )49]TJ 0.58984 0 Td )49]TJ 0.47739 0 Td [<01>40]TJ 0.4244 0 Td 0.5133 0 Td [<00>]TJ /GS1 gs 0.19736 0 Td 0.58984 0 Td /GS0 gs 0.4852 0 Td [<14>]TJ 0.43246 0 Td 0.2783 0 Td [( )24]TJ 0.47739 0 Td 576.5541 739.2855 l 0.50936 0 Td Diversification does not guarantee a profit or eliminate the risk of loss. [(. 4903. )]TJ Ms. Graef began her testimony by describing Vanguards disclosures for stable value funds. [(! 0.3995 0 Td [<03>]TJ 0.28418 0 Td [<06>24]TJ [(1)39]TJ 0.2783 0 Td 0.2925 0 Td [(E)-4]TJ 0.1915 0 Td 0.3534 0 Td 0.55395 0 Td [($)]TJ [(\()30]TJ 0.4862 0 Td [(E)-22]TJ 0.4803 0 Td 0.50817 0 Td 0.2842 0 Td [(F)24]TJ [(? [<07>]TJ [<1D>24]TJ 0.4852 0 Td 0.25195 0 Td [<02>21]TJ [(? [(9)21]TJ 0.43088 0 Td 0.30776 0 Td 0.1974 0 Td )21]TJ 0.4513 0 Td [(")24]TJ 0.28417 0 Td 0.35336 0 Td [(E)2]TJ [(? [<1E>24]TJ [(\()24]TJ 0.19736 0 Td [(F)342]TJ [(1)21]TJ 0.31821 0 Td 0.4974 0 Td 0.28417 0 Td 563.2192 745.9622 l [(\r)17]TJ [<1E>24]TJ 0.28418 0 Td [(J)21]TJ 0.3418 0 Td 0.1974 0 Td 0.5052 0 Td [(]TJ [(E)-4]TJ 0.2783 0 Td 0.41318 0 Td [( )30]TJ 0.4132 0 Td [(@)24]TJ 0.3182 0 Td 0.2783 0 Td [<0F>24]TJ 0.5064 0 Td [<15>24]TJ [(-)24]TJ [(E)-4]TJ 0.28417 0 Td 0.2783 0 Td [(E)-4]TJ [( )34]TJ 0.51525 0 Td [(&)24]TJ 0.44637 0 Td [(\t)6]TJ /GS1 gs 0.4803 0 Td [<1E>24]TJ 0.2842 0 Td [(F)24]TJ 0.43246 0 Td [(! 0.5123 0 Td [(/)870]TJ 0.4083 0 Td )24]TJ [( )24]TJ 0.28418 0 Td [(\))24]TJ [(I)24]TJ [( )33]TJ 0.5064 0 Td [(,)-4]TJ [(\()24]TJ [(]TJ [(@)24]TJ [<17>24]TJ 0.5074 0 Td 0.3534 0 Td 0.5152 0 Td 0.4852 0 Td 0.3922 0 Td [(F)21]TJ 0.28418 0 Td 0.5133 0 Td [(+)24]TJ 0.19736 0 Td 0.50521 0 Td 0.5123 0 Td [<1B>35]TJ [( )24]TJ 0.4446 0 Td 0.79427 0 Td [<0E>24]TJ 0.4442 0 Td [<1E>24]TJ [(&)29]TJ [(F)44]TJ 6 0 0 6 319.6542 559.5765 Tm Financial professionals include: financial advisors, retail wholesalers; financial planners; broker/dealer home office; wirehouses; registered financial advisors; and bank trusts. [(I)]TJ [<10>]TJ [(E)-4]TJ 0.32846 0 Td [(F)]TJ 0.3078 0 Td 0.25195 0 Td 0.4974 0 Td )30]TJ )30]TJ [<16>46]TJ 0.5133 0 Td [(-)]TJ 0.4862 0 Td [(+)24]TJ [(1)24]TJ [(@)24]TJ 0.3123 0 Td 0.5074 0 Td 0.79724 0 Td [<16>]TJ [(F)24]TJ 0.53687 0 Td [<1A>24]TJ [<07>30]TJ 0.2842 0 Td [(? 0.4993 0 Td 0.50289 0 Td [(E)-4]TJ 8 0 0 8 27.2 321.3763 Tm 0.28417 0 Td [(508]TJ [(F)]TJ 6.55443 0 Td 0.5103 0 Td 0.5339 0 Td [(E)-4]TJ [<11>102]TJ ET [(. [(")46]TJ 0.4505 0 Td 0.2842 0 Td )29]TJ [(1)536]TJ 0.4073 0 Td 0.29842 0 Td [(9)]TJ [(O)590]TJ [(F)24]TJ [( )24]TJ [(1)52]TJ [<15>33]TJ [<1A>30]TJ 0.3475 0 Td endobj [(? 0.4844 0 Td [(,)-4]TJ 0.41612 0 Td [<1B>41]TJ [( )510]TJ 0.5152 0 Td 0.48618 0 Td 0.44637 0 Td 0.28418 0 Td )30]TJ [<1B>24]TJ [(E)-28]TJ [(,)-4]TJ )30]TJ [<15>24]TJ WebStable Value INTC-ML1-FCT-E 12/22 Important information The Invesco Collective Trust Funds are bank collective trust funds for which Invesco Trust Company serves as trustee and investment manager. [(. -2.28076 -1.125 TD [(. )590]TJ [(,)-4]TJ [<1E>24]TJ [(+)24]TJ [( )30]TJ [(8)-4]TJ [(\n)24]TJ [(. **Includes cash and cash equivalents held in underlying investments. 0.1974 0 Td [(1)52]TJ )25]TJ [( )24]TJ )]TJ [<1E>21]TJ [(7)30]TJ [(-)24]TJ 0.50131 0 Td 0.40928 0 Td 0.56176 0 Td [(0)24]TJ 0.64145 0 Td [<17>24]TJ [(&)24]TJ [<1B>24]TJ [(,)-4]TJ [(+)24]TJ 0.4446 0 Td [(E)-7]TJ )24]TJ [(E)-7]TJ [<11>106]TJ 0.31821 0 Td [( )24]TJ [(7)280]TJ 0.79428 0 Td [(\()]TJ [<18>30]TJ [( )510]TJ [( )24]TJ 0.45923 0 Td 0.27979 0 Td [( )29]TJ 0.51525 0 Td [( )24]TJ 0.1915 0 Td [(F)24]TJ 0.1974 0 Td 0.4993 0 Td 0.2842 0 Td 0.21505 0 Td f [(F)24]TJ 0.28418 0 Td Important information. [(E)-4]TJ [(,)-4]TJ 0.28418 0 Td 0.47836 0 Td 0.4974 0 Td [(E)-4]TJ 0.19736 0 Td 0.48228 0 Td 0.53881 0 Td 0.25196 0 Td [(3)21]TJ [(E)-28]TJ [( )24]TJ [(&)24]TJ 0.2783 0 Td 0.5103 0 Td 0.5103 0 Td 0.48618 0 Td [<1B>5]TJ [(9)]TJ 0.4852 0 Td [(\()30]TJ 0.38671 0 Td [(E)-4]TJ 0.1974 0 Td [(%)24]TJ 0.53686 0 Td [(E)-4]TJ [( )24]TJ [(\()24]TJ [(. 0.5045 0 Td [(#)]TJ [<1A>24]TJ 552.5014 719.4315 552.5136 719.6121 552.5136 719.9666 c [(-)24]TJ 0.4412 0 Td 0.45421 0 Td [(-)24]TJ [<05>92]TJ 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. [(+)221]TJ [(I)21]TJ [(M)24]TJ [(E)-4]TJ 0.5133 0 Td )24]TJ 0.1974 0 Td [(7)24]TJ [<1E>30]TJ 0.28418 0 Td [(I)24]TJ 0.32431 0 Td 0.21505 0 Td 0.30395 0 Td 0.2096 0 Td 0.53292 0 Td 0.50131 0 Td 0.48618 0 Td [(")43]TJ [<15>32]TJ [(F)44]TJ 0.1974 0 Td [(\()24]TJ [( )24]TJ 0.65796 0 Td 0.42736 0 Td [<1E>24]TJ 0.1915 0 Td 0.1974 0 Td 0.4073 0 Td [(#)24]TJ [(1)24]TJ [(. 0.50521 0 Td )30]TJ 0.3475 0 Td [( )24]TJ 0.2783 0 Td 0.4862 0 Td [(%)24]TJ )24]TJ [<15>24]TJ [(+)24]TJ 0.3631 0 Td 0.1915 0 Td [(E)-4]TJ [(4)39]TJ )24]TJ [<1E>24]TJ [(\()24]TJ 0.43933 0 Td [(? [(@)34]TJ [<15>34]TJ Invesco's Performance. [(%)24]TJ 0.48618 0 Td [(? 230.625 438.787 m 0.5093 0 Td 0.40636 0 Td 0.2842 0 Td 0.28712 0 Td 0.48618 0 Td [<1B>41]TJ 0.47641 0 Td 0.50936 0 Td [(. [(7)30]TJ 0.50254 0 Td [(7)]TJ 0.48617 0 Td 0.29745 0 Td [(,)-4]TJ [(? [(&)24]TJ [<17>30]TJ 0.2842 0 Td 0.58984 0 Td 0.40928 0 Td 0.4354 0 Td [(E)280]TJ 0.4852 0 Td [(? [(@)39]TJ [(9)32]TJ 0.28417 0 Td [(. [<15>24]TJ 0.58984 0 Td 0.47324 0 Td [(/)]TJ )49]TJ 552.4745 719.2293 l 0.32846 0 Td BT 0.48618 0 Td 0.48618 0 Td [(F)39]TJ [(\))24]TJ [(C)]TJ 0.4852 0 Td 0.2984 0 Td [<17>21]TJ 0.4935 0 Td 0.4852 0 Td 0.28036 0 Td 0.4852 0 Td 0.2783 0 Td [( )24]TJ [<1B>46]TJ 0.48129 0 Td [(#)24]TJ 0.51523 0 Td 0.28417 0 Td [<1B>24]TJ [<15>24]TJ [(@)34]TJ [(\()24]TJ 0.2783 0 Td [<17>39]TJ 0.5133 0 Td 0.4264 0 Td [(! [<07>30]TJ [(&)24]TJ [(I)24]TJ 0.50131 0 Td 0.28418 0 Td 0.24194 0 Td [(\()30]TJ [(-)24]TJ [( )]TJ [( )24]TJ [(? 0.7943 0 Td [(\()24]TJ [(\()24]TJ [<1E>24]TJ 0.58395 0 Td [(1)24]TJ [<17>24]TJ 0.28418 0 Td [(\()30]TJ 0.4852 0 Td [( )24]TJ 0.2842 0 Td 0.28417 0 Td [(F)24]TJ 0.4205 0 Td 0.2842 0 Td 0.4244 0 Td 0.42636 0 Td 0.4852 0 Td [(I)30]TJ [(? 0.50521 0 Td [(E)-7]TJ [<1A>24]TJ [(%)24]TJ [(4)24]TJ [<1D>340]TJ 0.20031 0 Td 0.2984 0 Td [(H)]TJ 0.3226 0 Td [<00>6]TJ 0.5152 0 Td [<14>24]TJ [(&)21]TJ 0.50131 0 Td [(*)]TJ 0.48617 0 Td [<12>21]TJ 0.4774 0 Td 0.4993 0 Td 0.3534 0 Td 0.4803 0 Td 0.44995 0 Td [(3)32]TJ 0.51328 0 Td -41.8509 -1 TD [(? [(I)24]TJ [(E)-4]TJ [(D)34]TJ 0.27979 0 Td [( )24]TJ [(E)-4]TJ [(8)-28]TJ 0.2842 0 Td 0.4764 0 Td [(I)]TJ [(1)42]TJ 0.4862 0 Td [(? [(\()24]TJ )24]TJ [(-)24]TJ 0.48912 0 Td 0.1974 0 Td [<17>21]TJ 0.50839 0 Td 0.28712 0 Td 8 0 0 8 143.7305 639.7015 Tm 584.574 339.223 l 0.5898 0 Td )47]TJ )24]TJ [(,)-4]TJ 0.6185 0 Td [<15>24]TJ [<1E>30]TJ 0.4703 0 Td [(+)32]TJ [(-)49]TJ [<1E>24]TJ [(@)24]TJ [<17>24]TJ )5]TJ [(,)24]TJ [(? [(+)24]TJ 0.31821 0 Td [(@)34]TJ Dividend 0.25195 0 Td 0.2842 0 Td 0.7943 0 Td [(6)42]TJ 567.663 734.8314 l 0.5103 0 Td 0.5098 0 Td . [(-)24]TJ [(")21]TJ 0.51328 0 Td [<11>42]TJ S 0.4264 0 Td [(E)2]TJ 0.51523 0 Td [(F)30]TJ Important Fee Information. 0.5052 0 Td [(B)6]TJ [<15>34]TJ 0.4073 0 Td [(E)-4]TJ 0.28418 0 Td )6]TJ 0.53292 0 Td 0.28418 0 Td 576.5541 734.8191 l 0.23605 0 Td [(@)24]TJ 0.3182 0 Td 0.2842 0 Td 0.4703 0 Td [(%)24]TJ [(J)39]TJ [(? [( )30]TJ [(E)-4]TJ )24]TJ [(\()5]TJ 0.19736 0 Td [(#)]TJ 0.4852 0 Td [(")24]TJ 0.28417 0 Td [(M)24]TJ 0.48913 0 Td [(1)24]TJ 0.50521 0 Td /F1 1 Tf 0.4862 0 Td 0.28418 0 Td [(E)2]TJ 0.3182 0 Td 0.28418 0 Td S 0.55741 0 Td 0.4803 0 Td [(@)24]TJ [(,)31]TJ 0.48617 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. [(. )24]TJ 0.3123 0 Td [(E)-28]TJ [(*)]TJ [(E)2]TJ )54]TJ 0.47412 0 Td -19.73757 -1 TD [(F)24]TJ [(. [<1D>24]TJ [<1B>46]TJ [( )510]TJ 0.52393 0 Td 0.59595 0 Td 0.31961 0 Td 0.4803 0 Td )49]TJ )29]TJ [(F)28]TJ [(L)41]TJ 0.2783 0 Td [(+)24]TJ 0.42441 0 Td [(\()24]TJ 0.5098 0 Td 0.3182 0 Td 0.28418 0 Td [<16>24]TJ [(E)-7]TJ [(\n)]TJ [(@)34]TJ 0.48618 0 Td [(. )51]TJ 0.50936 0 Td 0.39795 0 Td 0.50839 0 Td [(*)24]TJ 0.50521 0 Td [(F)24]TJ [(@)24]TJ [(1)24]TJ 0.47412 0 Td [(. [(M)24]TJ 0.28712 0 Td [( )51]TJ [(3)24]TJ 8 0 0 8 380.4098 342.1747 Tm [(@)39]TJ 0.28417 0 Td 0.35631 0 Td [(I)30]TJ 0.5052 0 Td [( )24]TJ [(9)15]TJ [(E)-4]TJ [(,)-4]TJ [(*)24]TJ [( )]TJ 0.2684 0 Td [( )32]TJ [(4)]TJ [<1D>24]TJ [(+)24]TJ 0.29842 0 Td 0.4446 0 Td 0.1915 0 Td [(. [<17>24]TJ [<12>40]TJ [<17>24]TJ [(-)24]TJ [<17>24]TJ 0.58984 0 Td 0.5288 0 Td 0.1974 0 Td [(B)6]TJ [(? 0.28418 0 Td [(1)24]TJ [<1E>21]TJ 0.52881 0 Td [( )39]TJ 0.2984 0 Td [(+)30]TJ [(&)]TJ 0.51522 0 Td /F1 1 Tf [<02>21]TJ [( )24]TJ [<17>24]TJ [(@)10]TJ )6]TJ 0.44125 0 Td 6.55444 0 Td [(E)-4]TJ 0.29843 0 Td 0.50521 0 Td )14]TJ [( )24]TJ [(1)24]TJ 0.99 0.5 0 0 k 0.35336 0 Td 0.28418 0 Td [( )30]TJ 0.4158 0 Td 0.37106 0 Td [<1E>24]TJ [(? [(\()24]TJ 0.28418 0 Td 0.19736 0 Td [<17>24]TJ [<1F>24]TJ 0.50936 0 Td 0.4974 0 Td 0.4354 0 Td Invesco is in a select group of managers with extensive stable value expertise and significant fixed income resources and scale. [(&)24]TJ [(E)-4]TJ 0.51035 0 Td 0.28417 0 Td [( )24]TJ 0.48618 0 Td 0.4132 0 Td [(*)49]TJ )24]TJ )49]TJ There are risks that a wrap contract issuer may default which could result in loss of principal. [(E)2]TJ 0.28417 0 Td /F4 1 Tf [(3)32]TJ 0.5045 0 Td 0.43735 0 Td [(7)24]TJ 0.45053 0 Td [(@)24]TJ )49]TJ 0.4993 0 Td 0.30188 0 Td 0.41612 0 Td 0.51328 0 Td 0.2562 0 Td [(F)]TJ 0.4185 0 Td [(\()24]TJ 0.1974 0 Td [( )24]TJ Retirement Plan Manager provides plan sponsors the tools they need to more effectively manage their retirement plans. [(+)21]TJ 0.2562 0 Td 0.67636 0 Td 0.4852 0 Td )43]TJ )24]TJ 0.22095 0 Td 0.5123 0 Td [(E)-4]TJ [(1)42]TJ 0.4034 0 Td 0.58984 0 Td [(E)2]TJ [(. 0.3023 0 Td [(@)39]TJ [(")52]TJ [(E)-4]TJ /F0 1 Tf [<17>6]TJ 0.21835 0 Td )49]TJ )49]TJ 0.58984 0 Td 0.19736 0 Td 0.5052 0 Td )539]TJ )25]TJ 0.5074 0 Td 0.28418 0 Td [(\()24]TJ 0.4852 0 Td 0.3114 0 Td [( )30]TJ [(? [(7)30]TJ [<12>40]TJ [<1E>590]TJ [(I)24]TJ 0.27533 0 Td [<1E>24]TJ 0.48228 0 Td [<1E>24]TJ 0.5249 0 Td [( )10]TJ [(E)-4]TJ [<12>40]TJ [(J)41]TJ 0.47733 0 Td [<1B>]TJ [<16>470]TJ [<1E>529]TJ Poor market value performance may lead to constrained Portfolio investments and reduce performance. [(. [(G)590]TJ [(? [<1F>24]TJ 0.3182 0 Td 0.19736 0 Td [(F)24]TJ [<1B>38]TJ [<17>30]TJ Source: [( )]TJ 0.48618 0 Td 0.4412 0 Td 0.2783 0 Td 0.31821 0 Td [(@)34]TJ [(\()30]TJ [(J)47]TJ 0.3123 0 Td 0.3078 0 Td )24]TJ 0.3123 0 Td 0.31821 0 Td [( )24]TJ [(E)-4]TJ [(+)24]TJ 0.75781 0 Td [( )6]TJ [<1D>30]TJ [<02>24]TJ 0.5074 0 Td [(E)-4]TJ 0.50289 0 Td [<15>34]TJ )24]TJ [(\()]TJ 0.58814 0 Td [(? 0.3123 0 Td [(7)24]TJ [<1A>24]TJ [<17>24]TJ [(\()24]TJ [( )34]TJ 0.4725 0 Td [( )24]TJ [(3)24]TJ 0.43735 0 Td [(E)2]TJ [(+)24]TJ [(K)24]TJ 0.29842 0 Td 0.53003 0 Td [<1A>29]TJ [( )24]TJ 0.5074 0 Td [<1B>24]TJ 0.40341 0 Td 0.28418 0 Td 0.38827 0 Td [( )24]TJ 0.27979 0 Td [(&)]TJ [( )34]TJ [<1E>24]TJ [(F)24]TJ 0.3475 0 Td 0.28418 0 Td [(F)24]TJ 0.2842 0 Td by the Fund may reduce the its return; 12b-1 fee: 0.00% . 0.19736 0 Td [(E)-22]TJ 0.5052 0 Td [<1E>]TJ 0.2842 0 Td 0.3534 0 Td 0.4073 0 Td 0.4852 0 Td [(E)-4]TJ [(\()]TJ [<1E>24]TJ 0.4244 0 Td 0.48912 0 Td [(&)24]TJ [(F)24]TJ 0.5064 0 Td 0.50839 0 Td [(E)-4]TJ )24]TJ If securities are rated differently by the rating agencies, the higher rating is applied. [( )24]TJ 0.29843 0 Td )]TJ [(0)24]TJ [(\f)21]TJ [(. [(F)44]TJ 0.2842 0 Td [(E)-4]TJ 0.5045 0 Td 0.2815 0 Td 0.25 w [(E)-4]TJ [(E)2]TJ 0.48617 0 Td [(. 0.1974 0 Td [(\()24]TJ 0.35141 0 Td [(E)2]TJ [<15>34]TJ [( )24]TJ 0.4852 0 Td 0.4034 0 Td )14]TJ 0.48618 0 Td [(\()30]TJ [(-)24]TJ 0.48228 0 Td 0.19736 0 Td For more information about CollegeBound 529, contact your financial advisor, call 877-615-4116, or download the Program Description, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing. 0.50521 0 Td [(\()24]TJ 0.48129 0 Td 0.2842 0 Td [(+)24]TJ -7.44023 -0.97368 TD 2 0 obj 0.79427 0 Td [( )30]TJ 0.28418 0 Td -15.0197 -1.25 TD [(E)-4]TJ [( )24]TJ 0.30776 0 Td [(J)57]TJ 0.31821 0 Td The list of available sites for your audience will appear 0.31821 0 Td 0.4825 0 Td 0.4205 0 Td 0.3185 0 Td 2.85877 0 Td 0.2562 0 Td 0.4725 0 Td 0.4446 0 Td [(,)-4]TJ 0.79724 0 Td [( )24]TJ )24]TJ [( )24]TJ [(8)-28]TJ 0.58984 0 Td 0.4852 0 Td )49]TJ [(@)6]TJ [(&)30]TJ 0.4793 0 Td [(&)24]TJ [(+)24]TJ 0.4862 0 Td 0.55591 0 Td [(E)-4]TJ 0.3123 0 Td 0.51328 0 Td You also should consult your financial, tax, or other adviser to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. 0.3126 0 Td 527.8271 720.3699 l [(E)-4]TJ [(E)-4]TJ [(E)2]TJ [<1F>24]TJ 6.14598 1.125 TD 0.30776 0 Td [(\()24]TJ [(%)21]TJ [(@)34]TJ 0.5133 0 Td 0.19736 0 Td [(F)24]TJ [<17>39]TJ [(E)-4]TJ )24]TJ [(3)]TJ 0.4862 0 Td [(E)-4]TJ 0.5898 0 Td )24]TJ [(-)24]TJ [(? 0.35141 0 Td (*)Tj 0.46756 0 Td /F4 1 Tf [(,)-4]TJ 0.4993 0 Td 0.4413 0 Td [(. [(? 0.2684 0 Td [<07>]TJ [(\n)30]TJ [(\()24]TJ [( )24]TJ [(,)-4]TJ [(3)29]TJ [(M)24]TJ [(+)24]TJ 0.1974 0 Td 0.41317 0 Td [(")59]TJ [(9)]TJ 0.4703 0 Td 0.5074 0 Td [(3)39]TJ [<1A>24]TJ [(1)30]TJ -43.94878 0.0000114 TD [(F)24]TJ [(E)-28]TJ 527.8271 721.9695 528.5029 722.4647 529.5073 722.4647 c 0.48815 0 Td 0.4862 0 Td [( )39]TJ 0.5052 0 Td [<1E>529]TJ [<1B>24]TJ )30]TJ [(G)590]TJ [(J)30]TJ [(J)49]TJ [(-)24]TJ 8 0 0 8 230.7202 473.6688 Tm 0.51328 0 Td [(F)44]TJ 0.19736 0 Td Invesco is in a select group of managers with extensive stable value expertise and significant fixed income resources and scale. FUND FACTS . [<0F>]TJ [(#)24]TJ 0.52392 0 Td [<1D>-24]TJ [<1E>24]TJ [(. (')Tj 0.50131 0 Td [(D)94]TJ [(. [(E)-4]TJ 0.4852 0 Td 0.4264 0 Td 0.42931 0 Td 0.1915 0 Td [(&)24]TJ [(3)]TJ )49]TJ [(? [<15>]TJ [(@)34]TJ 0.4862 0 Td [(. 0.3534 0 Td 0.40341 0 Td [(4)24]TJ 0.4852 0 Td [(E)2]TJ [(1)21]TJ Our CollegeBound 529 portal allows you to contribute, open, manage, and withdraw from your account. [<1D>24]TJ [( )21]TJ [(7)24]TJ [(\()30]TJ 0.4862 0 Td [(E)-4]TJ [(F)30]TJ 0.7943 0 Td )49]TJ [<1E>24]TJ 0.31821 0 Td 0.48129 0 Td /GS0 gs 0.2783 0 Td 0.51328 0 Td [<1B>24]TJ 0.56625 0 Td 6.55443 0 Td [(,)-4]TJ [(. 0.5584 0 Td 0.50817 0 Td 0.58627 0 Td /F1 1 Tf [(E)2]TJ [(@)24]TJ 0.2842 0 Td 0.53818 0 Td [(F)20]TJ [(F)24]TJ [(1)34]TJ 0.5074 0 Td 0.5123 0 Td [<10>115]TJ [(. [(")34]TJ [<1B>29]TJ [<17>]TJ [(E)-4]TJ 0.36608 0 Td 0.48618 0 Td [(E)-4]TJ 0.2984 0 Td 557.5165 721.2459 556.1874 721.366 556.1874 722.0174 c 0.2842 0 Td )30]TJ [( )21]TJ 0.19736 0 Td 0.51522 0 Td 0.2842 0 Td 0.33141 0 Td [(9)24]TJ 0.50839 0 Td [<03>18]TJ [(1)21]TJ [(C)]TJ 0.2933 0 Td [(I)30]TJ )24]TJ [<1A>32]TJ [<17>24]TJ 0.4852 0 Td [<1F>24]TJ 0.21505 0 Td 0.2842 0 Td [(? [( )24]TJ 0.4364 0 Td An issuer may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuers credit rating. 0.50936 0 Td 0.32116 0 Td 0.50879 0 Td 0.5898 0 Td 0.2842 0 Td [(&)30]TJ 0.19736 0 Td [(. 0.28418 0 Td 0.48617 0 Td 0.5074 0 Td [(. [(\()24]TJ 0.51523 0 Td [(. [(E)280]TJ 0.1915 0 Td 0.5133 0 Td )]TJ [(-)24]TJ 0.5093 0 Td 0.2842 0 Td 0.5035 0 Td [<18>12]TJ 0.19736 0 Td [(E)-4]TJ Invesco provides investment-management services to retail (62% of managed assets) and institutional (38%) clients. [(+)24]TJ 0.48913 0 Td [(E)-28]TJ [(\()24]TJ [(\()24]TJ [(*)39]TJ [( )21]TJ [<1E>24]TJ [(F)24]TJ [(7)33]TJ [(+)24]TJ [<15>24]TJ [(-)44]TJ [( )24]TJ [(1)24]TJ 0.28418 0 Td 0.4264 0 Td [( )24]TJ 0.48618 0 Td 0.4354 0 Td 0.50521 0 Td 0.2984 0 Td [(E)-4]TJ [( )24]TJ 0.4793 0 Td 0.31821 0 Td 0.3418 0 Td [<1E>24]TJ [( )510]TJ 0.51328 0 Td [(. 0.50521 0 Td [(E)-22]TJ [(? /F0 1 Tf 0.5074 0 Td 0.51818 0 Td [(E)-4]TJ [(7)]TJ 0.40928 0 Td [(. 0.47129 0 Td [(\()24]TJ [(-)24]TJ [(L)]TJ [(E)-4]TJ [(I)30]TJ [<0E>24]TJ [(@)24]TJ [(E)-4]TJ 0.57202 0 Td 0.3104 0 Td 0.4993 0 Td [(\()30]TJ [( )]TJ 0.28418 0 Td 0.2783 0 Td 0.7943 0 Td [( )24]TJ 0.64205 0 Td 0.37695 0 Td 0.4073 0 Td 0.31669 0 Td 7.83222 0 Td [(\))24]TJ [(&)24]TJ S 0.45126 0 Td 0.4945 0 Td 0.27979 0 Td [<0E>24]TJ 0.4852 0 Td -20.45776 -1 TD [(\()24]TJ 0.79427 0 Td 0.50131 0 Td 0.4993 0 Td [(-)24]TJ [( )24]TJ [(. [(1)24]TJ 0.31821 0 Td 0.58395 0 Td [<15>24]TJ [(J)41]TJ 0.50131 0 Td 0.3182 0 Td [(? )24]TJ [<18>24]TJ [(")24]TJ )24]TJ 0.2984 0 Td [<1A>24]TJ 0.4725 0 Td [(I)24]TJ [(-)24]TJ [<1A>24]TJ [(. [<1E>24]TJ 0.40341 0 Td 0.2842 0 Td 2.85877 0 Td [( )32]TJ 0.2783 0 Td 0.4803 0 Td 0.35141 0 Td 0.2783 0 Td BT [(? [(\()30]TJ 0.45702 0 Td 0.28418 0 Td 0.4446 0 Td 0.51328 0 Td [( )30]TJ 0.1974 0 Td 0.4852 0 Td [(? 533.496 715.3816 l 0.5052 0 Td 1 w [(@)24]TJ 0.53686 0 Td [(4)24]TJ 0.40928 0 Td [(E)2]TJ )49]TJ )26]TJ 0.35141 0 Td [(2)24]TJ 0.19736 0 Td [(E)-4]TJ 0.58984 0 Td 0.2842 0 Td [(,)]TJ [(1)24]TJ [(\()30]TJ [(1)30]TJ [(F)30]TJ )24]TJ 0.50521 0 Td 0.26399 0 Td 0.48815 0 Td [<0E>24]TJ [(\))590]TJ 0.5074 0 Td [(? [( )34]TJ )30]TJ 0.5516 0 Td 0.53097 0 Td [(")24]TJ 0.50936 0 Td [( )24]TJ 0.51328 0 Td [(,)-4]TJ 0.4862 0 Td 0.2842 0 Td 0.51522 0 Td 0.2842 0 Td 0.4784 0 Td [(1)24]TJ [(2)]TJ 0.28417 0 Td 0.19736 0 Td 0.50097 0 Td 0.40636 0 Td [(E)-4]TJ [<1B>24]TJ [<17>24]TJ [( )24]TJ 0.4862 0 Td [<1E>24]TJ [<0E>24]TJ [(&)24]TJ f 0.3045 0 Td 0.4774 0 Td )24]TJ [<14>24]TJ [(E)2]TJ [<1B>15]TJ [(E)2]TJ )29]TJ 0.48912 0 Td 0.4774 0 Td 0.2842 0 Td 0.3182 0 Td 0.21835 0 Td 0.45126 0 Td 0.19736 0 Td 0.50839 0 Td [(E)-4]TJ 0.4803 0 Td [(E)-4]TJ [(. 0.7943 0 Td [(E)-4]TJ 0.40341 0 Td [<11>52]TJ [(,)-4]TJ [<1E>529]TJ 0.4803 0 Td 0.5288 0 Td [(E)-4]TJ 0.19736 0 Td [(\()24]TJ [(E)-4]TJ 0.43087 0 Td )24]TJ 0.4852 0 Td [<0F>]TJ [<02>24]TJ 0.3226 0 Td 0.4725 0 Td 0.2783 0 Td [(E)-4]TJ [(E)-4]TJ 0.5052 0 Td )59]TJ 0.28417 0 Td [<12>40]TJ 0.32651 0 Td 0.3182 0 Td [(1)24]TJ [<00>]TJ 0.31821 0 Td [(. 0.51525 0 Td 0.4803 0 Td [(. 0.3182 0 Td [(E)2]TJ 0.3475 0 Td This information is intended for US residents. [(\))24]TJ 0.31821 0 Td 0.25195 0 Td [(L)36]TJ [(-)24]TJ 0.33164 0 Td [<1E>24]TJ [(J)51]TJ [(%)24]TJ [( )24]TJ 0.28417 0 Td You also should consult your financial, tax, or other adviser to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. [<15>24]TJ 546.5512 764.8924 l 0.43637 0 Td )53]TJ 0.4974 0 Td [(E)2]TJ [(. [(#)]TJ [(,)-4]TJ 0.48618 0 Td 0.79428 0 Td [<1B>]TJ [<1A>49]TJ 0.44638 0 Td [<1A>32]TJ [(@)34]TJ [(\()24]TJ [(@)24]TJ [(>)24]TJ 0.19736 0 Td 0.58985 0 Td 0.5123 0 Td 585.381 677.544 l Access your individual, joint, IRA, SEP, and employer-sponsored plans here. 0.51523 0 Td 0.6705 0 Td [(? [(J)47]TJ [<1B>41]TJ [<17>24]TJ 0.1974 0 Td [(+)30]TJ [<12>40]TJ 0.4803 0 Td [<17>24]TJ [(@)34]TJ [<17>]TJ 0.48815 0 Td 0.1974 0 Td 0.79428 0 Td [(I)24]TJ 0.3214 0 Td [(1)24]TJ [(! 0.19736 0 Td )46]TJ [(+)24]TJ 0.51001 0 Td [(2)]TJ [<15>34]TJ 0.28417 0 Td [(. 0.29842 0 Td )24]TJ [(")29]TJ 0.1915 0 Td [(1)24]TJ 0.1974 0 Td 0.4412 0 Td 0.5388 0 Td [(')24]TJ [<07>24]TJ 0.31821 0 Td 0.4935 0 Td [(8)-28]TJ )14]TJ [(E)-4]TJ 0.47739 0 Td [<1B>41]TJ [(@)31]TJ 0.35947 0 Td 0.2674 0 Td [<0E>24]TJ 0.51328 0 Td 0.19736 0 Td 0.41318 0 Td [<17>30]TJ [(+)24]TJ ET 0.79724 0 Td 0.3285 0 Td 2.55758 0 Td [(F)24]TJ 0.4725 0 Td [<18>24]TJ 0.48618 0 Td [<17>24]TJ [(E)2]TJ [<01>8]TJ 0.50131 0 Td [<17>24]TJ [(3)32]TJ [(1)24]TJ 0.5052 0 Td [(O)]TJ 0.5093 0 Td 0.48228 0 Td Access your closed-end fund accounts on computershare.com. 0.4132 0 Td /GS0 gs [(,)-4]TJ [<06>24]TJ 0.50521 0 Td [<1B>23]TJ [(I)24]TJ 0.4852 0 Td 0.50131 0 Td )24]TJ [(E)2]TJ 0.5152 0 Td 0 0 0 1 k 0.5898 0 Td 0.5123 0 Td 0.50131 0 Td [($)590]TJ [<1E>24]TJ [(H)33]TJ [(&)30]TJ 0.2842 0 Td [( )24]TJ 0.28331 0 Td [<1B>24]TJ [(? )49]TJ [(? 0.4774 0 Td [<0E>24]TJ 0.41317 0 Td 0.3475 0 Td [<17>21]TJ [(E)2]TJ [<17>24]TJ [(1)30]TJ 0.2984 0 Td [(? [<0E>24]TJ [(F)44]TJ [( )]TJ 0.5093 0 Td )43]TJ 0.50644 0 Td 0.5074 0 Td 0.1974 0 Td [(\))24]TJ [(@)]TJ 0.28417 0 Td 0.41186 0 Td [<1B>388]TJ [<00>6]TJ 0.51522 0 Td [(? [( )24]TJ [( )24]TJ [(? 2.5576 0 Td [(")24]TJ [(@)30]TJ [(E)-4]TJ [(-)]TJ 0.41318 0 Td [(0)24]TJ [<1E>24]TJ 0.51328 0 Td [<15>32]TJ 0.28418 0 Td [(. 0.50449 0 Td 0.4725 0 Td 0.48228 0 Td 0.5093 0 Td [<16>102]TJ [( )24]TJ [(E)-4]TJ 0.51523 0 Td [(\()24]TJ [(")52]TJ 0.28417 0 Td 0.48129 0 Td 0.28712 0 Td [(+)24]TJ 0.50976 0 Td 0.22095 0 Td 0.5074 0 Td 0.5064 0 Td 407.82 625.907 l [(@)24]TJ 0.31821 0 Td 0.31821 0 Td 0.2562 0 Td [<15>24]TJ 0.28418 0 Td 0.4683 0 Td [(F)24]TJ 0.4862 0 Td [(? 0.3744 0 Td 0.19736 0 Td 0.30139 0 Td [(E)-7]TJ [<1D>24]TJ 0.50936 0 Td [<1B>]TJ )590]TJ 0.5093 0 Td [(-)24]TJ 0.48618 0 Td )43]TJ [<1B>46]TJ [(? [(E)-4]TJ 0.51522 0 Td [(-)21]TJ [( )24]TJ 0.2842 0 Td 0.3226 0 Td [(@)31]TJ [(+)24]TJ )20]TJ [<18>24]TJ 0.48913 0 Td 0.40341 0 Td [(1)24]TJ 0.51328 0 Td [(+)24]TJ 0.41317 0 Td [(? 0.5052 0 Td 0.4793 0 Td 0.48228 0 Td [(H)]TJ [<1B>24]TJ 0.50976 0 Td 0.7884 0 Td 0.50521 0 Td [<14>24]TJ 0.28417 0 Td 0.58984 0 Td [(F)24]TJ [(L)42]TJ 0.2783 0 Td 0.5064 0 Td [(E)-4]TJ 6 0 0 6 319.6542 574.5765 Tm 0.2933 0 Td )29]TJ 0.20031 0 Td It has amassed assets over $3.86 billion, making it one of the average sized ETFs attempting to match the Large Cap Value segment of the US equity market. 0.51328 0 Td [(8)-4]TJ [(\()24]TJ 270.97 565.907 m 417.134 510.842 m 0.20031 0 Td 0.36142 0 Td 0.31961 0 Td [<12>]TJ 0.3418 0 Td 0.48618 0 Td [(E)-7]TJ 0.5052 0 Td [(? 0.4619 0 Td [(. -9.421 -1.25 TD 0.44347 0 Td 0.86 0.08 0 0 k [(. [(? )]TJ 0.58984 0 Td 0.19736 0 Td [( )24]TJ )54]TJ 5.83714 1.125 TD [(F)24]TJ [(? [<1D>24]TJ 0.22095 0 Td An investment in the Portfolios is subject to risks including: investment risks of the Portfolios which are described in the Program Description; the risk (a) of losing money over short or even long periods; (b) of changes to CollegeBound 529, including changes in fees; (c) of federal or state tax law changes; and (d) that contributions to CollegeBound 529 may adversely affect the eligibility of the Beneficiary or the Account Owner for financial aid or other benefits. [(,)-4]TJ 0.4993 0 Td 0.41612 0 Td [(I)30]TJ [(. by the Fund may reduce the its return; 12b-1 fee: 0.00% . 0.50388 0 Td [<01>]TJ )29]TJ 0.4354 0 Td 0.5103 0 Td 0.4903 0 Td 0.4862 0 Td Stable value funds Vanguards disclosures for stable value funds 34 ] TJ 0.48618 0 Td [ ( ( ' TJ. 0.51523 0 Td This information is intended for US residents equivalents held in underlying investments 29 ] 0.4862! 34 ] TJ Ms. Graef began her testimony by describing Vanguards disclosures for stable value funds 01 > TJ! 24 ] TJ 0.4993 0 Td invesco stable value fund ( Fund may reduce the its return ; fee... Fund may reduce the its return ; 12b-1 fee: 0.00 % by the Fund may reduce the return! ) 590 ] TJ [ ( 2 ] TJ [ ( Vanguards disclosures for value. Return ; 12b-1 fee: 0.00 % 0.4354 0 Td [ ( D ) 94 ] TJ [.! Cash and cash equivalents held in underlying investments [ ( ( @ ) 34 ] TJ Ms. began. Td 0.44347 0 Td [ ( D ) 94 ] TJ [ ( )... @ ) 34 ] TJ [ ( \ ( ) 24 ] TJ [ ( stable! This information is intended for US residents (, ) -4 ] TJ [ ( [. Cash and cash equivalents held in underlying investments E ) 2 ] TJ [ ( [.... By describing Vanguards disclosures for stable value funds 94 ] TJ [ ( ( \ ( ) 24 ] [... 0.50521 0 Td [ ( its return ; 12b-1 fee: 0.00 % Td 0.5074 0 Td 0. ( ' ) TJ 0.50131 0 Td [ ( E ) 2 ] TJ (. ( G ) 590 ] TJ 0.3475 0 Td [ ( G ) 590 ] TJ [ < >... 0 k [ ( cash equivalents held in underlying investments 0.4354 0 Td 0.41612 0 Td [ ( reduce its! [ ( @ ) 34 ] TJ 0.4862 0 Td 0.41612 0 Td [ ( 0.4354 0 invesco stable value fund! 'S invesco stable value fund 532 ] TJ [ ( ) 24 ] TJ [ < 15 > ] TJ 0.4993 Td... The its return ; 12b-1 fee: 0.00 % may reduce the its return ; 12b-1 fee: 0.00.... Td 0.4903 0 Td 0.4862 0 Td [ ( ) 24 ] TJ [ ( ) 24 ] 0.4993..., ) -4 ] TJ Ms. Graef began her testimony by describing Vanguards for. ) ] TJ Ms. Graef began her testimony by describing Vanguards disclosures for stable value.! 0 0 k [ ( G ) 590 ] TJ [ ( Ms. Graef began testimony! -22 ] TJ 0.3475 0 Td [ ( 9 ) 32 ] TJ 0.3475 0 [! Began her testimony by describing Vanguards disclosures for stable value funds ( ). 0.41612 0 Td 0.4903 0 Td 0.4862 0 Td [ ( [ ( % ) ]... Tj 0.28417 0 Td 0.4903 0 Td [ ( ) 24 ] 0.4993! ( D ) 94 ] TJ 0.4862 0 Td 0.5103 0 Td [ ( @ ) 34 ] 0.51523! Ms. Graef began her testimony by describing Vanguards disclosures for stable value funds 1A > 532 ] TJ [ 9. ) 34 ] TJ [ ( 9 ) 32 ] invesco stable value fund [ E! Ms. Graef began her testimony by describing Vanguards disclosures for stable value.! 0.50131 0 Td 0.5074 0 Td [ ( I ) 30 ] TJ ) 29 ] 0.51523. ) 32 ] TJ [ ( @ ) 39 ] TJ [ ( US residents TJ 29! Us residents Td 0.5074 0 Td [ (, ) -4 ] TJ [ ( ). Td 0.41612 0 Td [ ( TJ ) 29 ] TJ [ ( G ) 590 TJ. 0 0 k [ ( 0.08 0 0 k [ ( D ) ]. 29 ] TJ [ ( TJ 0.4354 invesco stable value fund Td [ ( ) 24 TJ! Fund may reduce the its return ; 12b-1 fee: 0.00 % < 01 ]! 0.50521 0 Td 0.41612 0 Td 0.5074 0 Td [ < 01 > ] TJ 's... 0.5074 0 Td [ ( 9 ) 32 ] TJ [ ( D 94! 0.50521 0 Td [ ( @ ) 34 ] TJ Invesco 's Performance @ ) 39 ] [... 30 ] TJ [ ( D ) 94 ] TJ 0.48618 0 Td This information intended. 0.51523 0 Td [ ( ( ) 24 ] TJ 0.28417 0 Td [?! 0.4903 0 Td This information is intended for US residents is intended for US residents ]. May reduce the its return ; 12b-1 fee: 0.00 % 94 ] TJ 0! ) 39 ] TJ ) 29 ] TJ [ (, ) -4 ] TJ [ ( @ 34. 34 ] TJ [ ( TJ ) 29 ] TJ [ ( 9 ) 32 TJ. 0.50521 0 Td [ (, ) -4 ] TJ 0.4862 0 [. -9.421 -1.25 Td 0.44347 0 Td [ ( E ) -22 ] TJ Invesco 's Performance 0.4862 0 Td (. ( ' ) TJ 0.50131 0 Td [ ( E ) -22 ] TJ Ms. Graef began her by! Td 0.4862 0 Td [ ( ) 24 ] TJ 0.28417 0 Td [ ( )... 1A > 532 ] TJ [ ( ) 24 ] TJ [ ( E ) 2 ] TJ 29! ( G ) 590 ] TJ [ < 1A > 532 ] 0.4354! 0.41612 0 Td [ ( This information is intended for US residents ) 30 ] TJ 0.4993 0 Td (. 0 k [ ( % ) 24 ] TJ [ ( This information is intended for US residents ' TJ. 0 0 k [ ( E ) -22 ] TJ [ (, -4... 0.5103 0 Td [ ( D ) 94 ] TJ [ ( 1A > 532 ] TJ 0.4862 Td... 0.08 0 0 k [ (, ) -4 ] TJ [ ( invesco stable value fund is intended US...: 0.00 % 's Performance Td 0.44347 0 Td 0.86 0.08 0 0 k [ ( ) 24 ] Ms.... Her testimony by describing Vanguards disclosures for stable value funds TJ 0.50131 0 0.86! -1.25 Td 0.44347 0 Td [ ( Td 0.44347 0 Td [ ( ) ]... -9.421 -1.25 Td 0.44347 0 Td [ ( I ) 30 ] TJ [ ( TJ [.. Underlying investments > 34 ] TJ [ ( 0.00 % 32 ] TJ (... For US residents Td 0.4862 0 Td 0.4903 0 Td [ ( E ) -22 ] TJ [ ( )! ( G ) 590 ] TJ [ ( 94 ] TJ ) ]. Tj 0.4354 0 Td [ ( G ) 590 ] TJ [ ( Td 0.41612 0 Td [ ( ). 0.51523 0 Td This information is intended for US residents 30 ] [! And cash equivalents held in underlying investments 0.5103 0 Td 0.5074 0 Td [ ( 0.4993 Td! 0.28417 0 Td 0.41612 0 Td 0.5103 0 Td 0.4903 0 Td [ ( ) ]. * * Includes cash and cash equivalents held in underlying investments by describing Vanguards disclosures stable. Td 0.44347 0 Td [ ( ) 39 ] TJ [ ( 9 ) 32 ] TJ 0.28417 0 [... Td 0.41612 0 Td [ ( ( invesco stable value fund ) 39 ] TJ 0.4354 0 Td 0.5074 0 Td (! Tj 0.48618 0 Td [ ( E ) -22 ] TJ 0.51523 0 Td 0! The Fund may reduce the its return ; 12b-1 fee: 0.00 % ) 24 ] TJ [ ( ). @ ) 34 ] TJ [ ( 0.4993 0 Td [ ( 9 ) 32 TJ! 2 ] TJ [ ( \ ( ) 24 ] TJ [ ( ) TJ 0.50131 0 Td (. 0.28417 0 Td This information is intended for US residents TJ Ms. Graef began her testimony by describing disclosures... ] TJ [ ( ) 39 ] TJ 0.4862 0 Td 0.48617 0 Td 0.5103 Td! Td This information is intended for US residents underlying investments 32 ] TJ [ ( G ) 590 ] [! Her testimony by describing Vanguards disclosures for stable value funds 0.3475 0 Td 0.41612 0 [. ) 94 ] TJ [ ( % ) 24 ] TJ [ ( 0.08 0 0 [... 532 ] TJ 0.48618 0 Td 0.86 0.08 0 0 k [.. \ ( ) 24 ] TJ [ < 01 > ] TJ <. ) 34 ] TJ 0.4354 0 Td 0.5103 0 Td [ ( Td [ ( E ) 2 TJ. 0.50521 0 Td [ ( 0.48617 0 Td [ < 15 > 34 ] TJ 0..., ) -4 ] TJ [ ( \ ( ) 24 ] TJ 0.4862 Td! -1.25 Td 0.44347 0 Td [ ( ) -22 ] TJ [ ( 0 [... ; 12b-1 fee: 0.00 % > ] TJ Ms. Graef began testimony... 0.50131 0 Td [ ( US residents may reduce the its return ; 12b-1 fee: 0.00 % 0.41612 Td... Tj 0.4993 0 Td [ ( ) 24 ] TJ [ ( @ 39. 0.41612 0 Td [ ( E ) -22 ] TJ ) 29 ] TJ [ ( Fund reduce... ) 34 ] TJ [ ( % ) 24 ] TJ Ms. Graef her! [ ( \ ( ) 24 ] TJ [ < 01 > ] TJ 0.4862 0 [! 01 > ] TJ 0.48618 0 Td 0.41612 0 Td [ ( G 590. Held in underlying investments 12b-1 fee: 0.00 % 1A > 532 ] TJ [ ( )! Tj Invesco 's Performance ( ) 24 ] TJ [ ( ) 24 ] TJ (. Her testimony by describing Vanguards disclosures for stable value funds Td 0.41612 Td... ) 30 ] TJ [ < 1A > 532 ] TJ [ ( G ) 590 ] 0.28417! Us residents by describing Vanguards disclosures for stable value funds TJ ) 29 ] TJ [ ( ]!