UESPNEWSJANUARY 2015

Vo l u m e 2 015 , I s s u e 1

In This Issue

• UESP Gift Program A Gift Children Open in the Future

• New Law Permits Two Investment Option Changes Each Year

• A Guide to Your 2014 UESP Tax Documents

• Pocket Your Utah State Income Tax Refund for College

• Utah State Income Tax Benefit Amounts Increase for 2015

• UESP Earns Morningstar Analyst Rating of Gold

• Share Your Story

• Investment Option Performance as of December 31, 2014

Upcoming Holidays

UESP is closed:

• Monday, January 19

• Monday, February 16

Contact UESP

Phone | 800.418.2551

Fax | 800.214.2956

Mailing Address | PO Box 145100, Salt Lake City, UT 84114-5100

Email | info@uesp.org

Website | uesp.org

Hours | Business days, Monday through Friday, 8:00 a.m. to 5:00 p.m., Mountain Time (MT)

UESP has a new Gift Program online at gift.uesp.org that enables you to invite family and friends to contribute to your beneficiaries’ college savings accounts as an alternative to giving traditional gifts.

The UESP Gift Program is free and simple to use.

To Receive a Gift

To invite family and friends to contribute gifts to your account, you must first enroll in the UESP Gift Program by logging in to Account Access online at uesp.org and selecting Gift Program. A link to your personal gift page and a unique gift code appear on the screen as soon as your account has been activated for gift giving. You may share the link with family and friends in person, by mail, by email, or on Facebook or Twitter.

To Give a Gift

Family and friends may use the unique link and gift code you share with them to contribute to the account online, or they may give by mail with a check. Use of the unique gift code helps ensure proper deposit of gift contributions, and UESP account numbers remain confidential in the process. UESP notifies you by email when a gift contribution posts to your account.

Debra F., a Utah resident who owns an account for which her granddaughter Keylee is the beneficiary, was among the first UESP account owners to sign up for the Gift Program.

“I found it easy to activate and easy for relatives” to give a gift, she said. “I copied the link and sent it in an email to my family. My daughter gave a gift within days.”

When your friends and family go looking for the perfect gift, remind them that a gift to your UESP account is one a child will unwrap and treasure in the future.

UESP Gift ProgramA Gift Children Open in the Future

© 2015 Utah Educational Savings Plan | The terms Utah Educational Savings Plan and UESP are registered service marks. 2

A Guide to Your 2014 UESP Tax DocumentsIt might seem early to think about taxes, but filing your 2014 federal and/or Utah state income tax returns may be easier if you get organized now.

First, ask yourself these questions:

1. Did I withdraw money from my UESP account(s) in 2014?

2. Did I roll over money from my UESP account(s) to another 529 plan in 2014?

3. Am I a Utah taxpayer who contributed to a qualified UESP account, made a withdrawal, or transferred funds to another UESP account in 2014?

Federal tax form A “yes” to either of the first two questions requires UESP to send you Internal Revenue Service (IRS) form 1099-Q, Payments From Qualified Education Programs. The 1099-Q reports the total of all the withdrawals from your UESP account(s) for a specific beneficiary in 2014.

However, there can be confusion about who receives the 1099-Q form. Here’s how it works:

You, as the UESP account owner, will be mailed IRS Form 1099-Q by January 31, 2015, if the withdrawal was sent:

• to you as the account owner/agent

• to another 529 plan

The beneficiary will be mailed IRS Form 1099-Q by January 31, 2015, if the withdrawal was sent:

• to the beneficiary

• to an eligible educational institution

The form reports the following information about your UESP account(s):• Box 1 (Gross Distribution) shows how

much money you withdrew during the calendar year.

• Box 2 (Earnings) reports the amount you earned on the contributions you withdrew.

• Box 3 (Basis) reports the amount of the withdrawal that came from your original contribution.

• Box 4 (Trustee to Trustee Transfer) If it’s checked, it shows UESP rolled the withdrawal over to another 529 plan.

• Box 5 (Qualified Tuition Program) reports whether the withdrawal was from a private or state qualified tuition program.

• Box 6 (Designated Beneficiary) If it’s checked, it shows the withdrawal was not sent to the beneficiary.

Use the information on form 1099-Q to help prepare your 2014 federal income tax return. You don’t need to report earnings on your tax return if you used a withdrawal for qualified higher

education expenses, such as tuition and fees; required books, supplies, and equipment; and certain room-and-board costs. Keep receipts and other documentation to show that you used the withdrawal for qualified expenses.

If you used a withdrawal to pay for nonqualified expenses, the earnings portion is subject to federal income tax as ordinary income, plus an additional 10 percent federal tax penalty on the earnings may apply. Under certain circumstances, the 10 percent federal tax penalty may not apply. Utah taxpayers will also need to recapture (add back) any Utah state income tax credit/deduction. Please consult your tax advisor about properly reporting these situations.

Utah tax documentA yes to at least one part of question number 3 above requires UESP to send you form TC-675H, Utah Educational Savings Plan Tax Statement for Contributions, Withdrawals, and Transfers. Use TC-675H to claim Utah state income tax benefits and/or report nonqualified withdrawals, rollovers, and transfers as you prepare your 2014 Utah tax return. This form will be mailed to you by January 31, 2015.

continued on next page

New Law Permits Two Investment Option Changes Each YearAs of January 1, 2015, you may change your account’s investment option for the same beneficiary twice per year instead of once per year.

The change is the result of passage by Congress in the final days of 2014 of the ABLE (Achieving a Better Life Experience) Act. The Act, which President Obama signed into law on December 19, 2014, authorizes states to create tax-free investment plans similar to 529 college savings plans to pay for future qualified expenses for the disabled.

The ABLE Act allows UESP account owners to change investment options twice per year. Previously, the Internal Revenue Service allowed 529 account owners only a single investment option change per year for the same beneficiary.

For more information, contact UESP toll-free at 800.418.2551, or email info@uesp.org.

TC-675H1099-Q

TC-675H1099-Q

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The TC-675H for individual UESP accounts reports the following information for account owners filing single or joint Utah state income tax returns:• Box 1A or Box 1B (Tax Credit) shows

the maximum Utah state income tax credit that you (if you are a single filer), or you and your spouse (if filing jointly), may be entitled to claim on your 2014 Utah state income tax form. For single filers, the maximum credit in the 2014 tax year is $93 per qualified beneficiary. For married couples who file jointly, the maximum credit is $186 per qualified beneficiary. For an account owner to be eligible for the Utah state income tax credit, the

beneficiary of the UESP account must be designated as such before age 19.

• Box 2 (Beneficiaries) shows the number of qualified beneficiaries for whom you made account contributions in 2014.

• Box 3 (Withdrawals) reports the total amount withdrawn in 2014 from all UESP accounts you owned last year.

• Box 4 (Transfers) reports the total amount transferred in 2014 from your UESP account(s) with qualified beneficiaries to account(s) with a nonqualified beneficiary. This may trigger Utah tax consequences. Previous tax credits or deductions may have to be added back on your 2014 Utah state income tax return.

TC-675H forms related to Uniform Gifts to Minors Act/Uniform Transfers to Minors Act (UGMA/UTMA) custodial accounts and institutional accounts report similar information.

UESP will send a copy of your TC-675H form to the Utah State Tax Commission. Don’t attach the form to your Utah state income tax return. Instead, enter your tax credit on form TC-40A, which you should submit with your return. Keep a copy of your TC-675H to substantiate your claim for a tax credit if the Utah State Tax Commission ever audits you.

See the UESP Program Description Part 9 | Tax Considerations for more information.

Pocket Your Utah State Income Tax Refund for CollegeWhile preparing your 2014 Utah state income tax forms, consider sending your tax refund directly to your UESP account(s). Your refund will be applied equally among accounts owned by you and, if filing jointly, your spouse.

To send your tax refund to UESP, on the last page of the Utah state income tax form, simply mark the option as shown:

Send your Utah state income tax refund to UESPTo send a tax refund to UESP, on the last page of the Utah state income tax form, simply enter “X” on the option shown below:

X

Good news for Utah taxpayers who own UESP accounts: The maximum account contributions eligible for Utah state income tax credits or deductions have increased for 2015.

You may claim the 2015 tax credit or deduction per qualified beneficiary on contributions up to the amounts cited in the table accompanying this article.

Utah State Income Tax Benefit Amounts Increase for 2015

Tax Filing Method

2015 Maximum

Contribution Eligible for Tax Credit

Tax Credit Percentage

2015Maximum Utah State Income

Tax Credit

2015Maximum Utah State Income Tax Deduction

Single $1,900 5% $95

Joint $3,800 5% $190

Trusts $1,900 5% $95

Corporations $1,900

X =X =X =

If you contribute less than the maximum amounts, you may claim a tax credit that equals 5 percent of your contribution, or a deduction equal to your contribution up to $1,900. If you contribute more than the maximum amounts, you may claim a credit or deduction only up to the maximum amounts.

To receive the tax credit or deduction, your account beneficiary must have been designated as such before age 19. If this requirement is met, you can claim the income tax credit or deduction each year you contribute to the account for the life of the beneficiary’s account.

Part 5 - Utah Educational Savings Plan - Refund Application (see instructions)

uesp.org | 800.418.2551

The Utah Educational Savings Plan (UESP) is a Section 529 plan administered and managed by the Utah State Board of Regents and the Utah Higher Education Assistance Authority (UHEAA). Read the Program Description for more information and consider all investment objectives, risks, charges, and expenses before investing. Call 800.418.2551 for a Program Description or visit uesp.org.

Investments are not guaranteed by UESP, the Utah State Board of Regents, UHEAA, or any other state or federal agency. However, Federal Deposit Insurance Corporation (FDIC) insurance is provided for the FDIC-insured accounts. Please read the Program Description to learn about the FDIC-insured accounts. Your investment could lose value.

Non-Utah taxpayers and residents: You should determine whether the state in which you or your beneficiary pays taxes or lives offers a 529 plan that provides state tax or other benefits not otherwise available to you by investing in UESP. You should consider such state tax treatment and benefits, if any, before investing in UESP.

4

UESP wants to hear about your UESP college savings experience! Please email shareyourstory@uesp.org.

share your story“I don’t have any kids. I am retired, but I recall when I wanted to go to college and missed a registration deadline because my parents could not come up with the $10 fee.

I was the first in my family to go to college and had no idea what that meant. I ended up taking out student loans and dropping out after three semesters. I did eventually complete an associate’s degree after attending colleges on and off, across the country, for 26 years.

I have opened 529 accounts for the older great-nieces and great-nephews. There will be 14 soon. The first two are already going to college, so I just slip them money every year.

I hope to have $10,000 as a ‘starter’ amount for each of the remaining children as they approach the college decision. That way, if they want to do ‘Semester At Sea,’ or culinary school, or some nontraditional educational pursuit, they won’t be denied because they don’t have money to start.

It may not cover everything, but I know that it will give them hope and they will know they can go for it if that is what they choose to do. The money that is not spent can be given to another child in the same family if that is appropriate at the time.

This is how I’m making things better for future generations while I can.”

— Cherilyn H., August 2014UESP account owner since 2013

For the fourth consecutive year, UESP received the highest industry stamp of approval from Morningstar, Inc., a leading provider of independent investment research. UESP was one of only four to receive a Morningstar Analyst Rating™ of Gold in 2014. Plans with Gold ratings stand out as best of breed for their ability to help college savers meet their goals.

Morningstar evaluated 529 plans based on five key pillars—Process, Performance, People, Parent, and Price—that its analysts believe lead to plans that are more likely to outperform over the long term on a risk-adjusted basis. UESP ranked highly for its customizable investment options, capable oversight, and low fees.

“Morningstar’s Gold rating shines a light on our tradition of plan simplicity, low fees, and high-quality investment offerings,” says Lynne Ward, UESP executive director. “That’s good news for current and future UESP account owners.”

UESP Earns Morningstar Analyst Rating of Gold

“In addition to featuring high-quality underlying investment managers, [UESP] also is a leader in providing low-cost investments. . . . Both residents and nonresidents will be well-served by its low-cost and appealing set of investment options.”

Morningstar Analyst Kathryn Spica, CFA “Morningstar Names Best 529 College-Savings Plans for 2014”

October 2014

FOLLOW @UESP ON TWITTER Stay up to date on #UESP, #collegesavings, and #529 plans by following @UESP on Twitter!

© 2015 Utah Educational Savings Plan | The terms Utah Educational Savings Plan and UESP are registered service marks.

Investment Option Performance as of December 31, 2014

5

Latest Month

Latest Three

MonthsYear to Date 1

One Year

Average Annualized Return 2

Inception Date3

Three Year

Five Year

Ten Year

Since Inception

AGE-BASED INVESTMENT OPTIONS

Age

-Bas

ed

Agg

ress

ive

Glo

bal Age 0–3 -1.15% 2.50% 7.43% 7.43% 17.98% 13.97% 7.48% 10.66% 4/1/2003

Age 4–6 -1.15% 2.50% 7.43% 7.43% 17.98% 13.97% 7.48% 10.66% 4/1/2003Age 7–9 -0.94% 2.23% 6.73% 6.73% 14.83% 12.10% 7.35% 9.90% 4/1/2003Age 10–12 -0.75% 1.89% 5.89% 5.89% 11.67% 10.14% 6.94% 8.84% 4/1/2003Age 13–15 -0.56% 1.43% 4.63% 4.63% 8.36% 7.99% 6.20% 7.47% 4/1/2003Age 16–18 -0.36% 0.88% 3.10% 3.10% 4.95% 5.72% 5.19% 5.81% 4/1/2003Age 19+ or College Enrolled 4 -0.07% 0.18% 0.76% 0.76% 0.68% 0.74% 1.92% 1.82% 4/1/2003

Age

-Bas

ed

Agg

ress

ive

Dom

estic Age 0–3 -0.01% 5.19% 12.44% 12.44% 19.87% 14.92% 7.39% 4.86% 9/20/1999

Age 4–6 -0.01% 5.19% 12.44% 12.44% 18.93% 14.36% 7.46% 5.18% 9/20/1999Age 7–9 -0.03% 4.39% 10.77% 10.77% 16.25% 12.77% 7.01% 5.16% 9/20/1999Age 10–12 -0.06% 3.52% 8.91% 8.91% 13.54% 11.14% 6.51% 5.09% 9/20/1999Age 13–15 -0.09% 2.52% 6.64% 6.64% 10.18% 8.82% 5.69% 4.79% 9/20/1999Age 16–18 -0.12% 1.43% 4.10% 4.10% 5.83% 5.70% 4.55% 4.43% 9/20/1999Age 19+ or College Enrolled 4 -0.07% 0.18% 0.75% 0.75% 0.68% 0.74% 1.92% 2.30% 9/20/1999

Age

-Bas

ed

Mod

erat

e

Age 0–3 -0.94% 2.23% 6.73% 6.73% 13.98% 10.67% 7.06% 9.69% 4/1/2003Age 4–6 -0.94% 2.23% 6.73% 6.73% 13.20% 10.29% 7.14% 9.41% 4/1/2003Age 7–9 -0.75% 1.89% 5.89% 5.89% 11.06% 9.07% 6.75% 8.72% 4/1/2003Age 10–12 -0.56% 1.43% 4.63% 4.63% 8.77% 7.75% 6.24% 7.92% 4/1/2003Age 13–15 -0.36% 0.88% 3.10% 3.10% 6.30% 6.06% 5.43% 6.80% 4/1/2003Age 16–18 -0.28% 0.43% 1.68% 1.68% 4.40% 4.71% 4.72% 5.77% 4/1/2003Age 19+ or College Enrolled 4 -0.03% 0.17% 0.66% 0.66% 0.61% 0.70% 1.90% 1.80% 4/1/2003

Age

-Bas

ed

Con

serv

ativ

e

Age 0–3 -0.75% 1.89% 5.89% 5.89% 10.54% 9.11% 6.77% 8.35% 4/1/2003Age 4–6 -0.75% 1.89% 5.90% 5.90% 9.76% 8.60% 6.63% 7.85% 4/1/2003Age 7–9 -0.56% 1.42% 4.63% 4.63% 7.38% 7.14% 5.96% 6.89% 4/1/2003Age 10–12 -0.36% 0.88% 3.10% 3.10% 4.95% 5.39% 5.03% 5.65% 4/1/2003Age 13–15 -0.16% 0.19% 0.97% 0.97% 2.14% 3.41% 3.91% 4.24% 4/1/2003Age 16–18 -0.16% 0.19% 0.96% 0.96% 1.27% 2.60% 3.32% 3.26% 4/1/2003Age 19+ or College Enrolled 4 0.06% 0.15% 0.48% 0.48% 0.48% 0.62% 1.86% 1.76% 4/1/2003

Opt

ion

3 (C

lose

d to

ne

w in

vestm

ents)

Age 0–3 -0.10% 5.10% 12.33% 12.33% 20.32% 15.17% 7.33% 4.68% 9/20/1999Age 4–6 -0.01% 5.18% 12.41% 12.41% 20.35% 15.19% 7.33% 4.69% 9/20/1999Age 7–9 -0.01% 5.01% 12.08% 12.08% 19.46% 14.66% 7.09% 4.53% 9/20/1999Age 10–12 -0.02% 4.42% 10.88% 10.88% 16.77% 13.04% 6.51% 4.30% 9/20/1999Age 13–15 -0.03% 3.68% 9.16% 9.16% 13.88% 11.05% 5.90% 4.18% 9/20/1999Age 16–18 -0.06% 2.93% 7.49% 7.49% 11.07% 9.08% 5.25% 4.02% 9/20/1999Age 19+ or College Enrolled 4 -0.08% 2.09% 5.49% 5.49% 8.07% 6.96% 4.49% 3.78% 9/20/1999

Important Information Regarding Investments in UESPThe performance returns shown in the table above are based on a $10,000 beginning account balance, assuming the money was invested on the first day and held until the last day of each period shown. These returns only reflect the performance returns of a hypothetical $10,000 investment for a particular investment option over the stated period of time reflected in the table, not for individual accounts. Individual account performance will vary based on the timing of the initial and subsequent investments; withdrawals (if any); and the account balances.The returns shown above (a) take into account the underlying investment performance for each period; (b) show applicable interest and dividends; and (c) are net of the Administrative Asset Fee charged by UESP during such periods. Beginning on January 1, 2010, and ending on September 30, 2014, the Administrative Maintenance Fee of up to $15 annually was not reflected on the returns. Beginning On October 1, 2014, returns do not reflect the Administrative Maintenance Fee, which was renamed the Administrative Mail Delivery Fee and is capped at $12 annually. The Administrative Mail Delivery Fee does not apply to Utah residents. It also does not apply to non-Utah residents who elect to view their quarterly account statements, Program Description, Program Description Supplements, newsletters, and all other UESP communications online rather than receiving them in the U.S. mail. The hypothetical performance for non-Utah residents who elect to receive quarterly account statements in the mail would be lower due to the annual Administrative Mail Delivery Fee.For age-based and static investment options, performance returns shown above assume that (a) prior to January 1, 2007, the investment options did not rebalance; (b) beginning January 1, 2007, and ending December 31, 2012, investment options rebalanced on January 1 of each year to match the target

allocations for each investment option in effect at the time; and (c) beginning January 1, 2013, investment returns are based on the aggregate market value of the investment options, which reflect the actual investment rebalancing that takes place on the birthday of each beneficiary. For these reasons and the reasons stated above, the actual returns in an individual account will not match those shown in the tables.Past performance does not guarantee future results. The value of a UESP account may vary depending on market conditions and the performance of the investment option selected. It could be more or less than the amount contributed. In short, an investment could lose value. Except for the underlying investment in the accounts insured by the Federal Deposit Insurance Corporation (FDIC) and held in trust by UESP at Sallie Mae Bank and U.S. Bank (Banks), investments in UESP are not insured by the (FDIC). Contributions to and earnings on investments in the FDIC-insured accounts:

• Retain their value, subject to the application of the rules and regulations of the Banks and the FDIC to each account owner;

• Are allocated between the Banks according to the following percentages: Sallie Mae Bank (90 percent) and U.S. Bank (10 percent); and

• Are insured by the FDIC on a pass-through basis to each account owner at each bank up to the maximum amount set by federal law, which is $250,000. The amount of FDIC insurance is based on the total of (a) the value of an account owner’s investments in the FDIC-insured account at each bank, plus (b) the value of an account owner’s other accounts (if any) at each Bank, as determined by the Banks and by FDIC regulations.

See notes on the next page.

uesp.org | 800.418.2551

Investment Option Performance as of December 31, 2014

6

UESP’s historical and monthly returns are available online at uesp.org.

Latest Month

Latest Three

MonthsYear to Date 1

One Year

Average Annualized Return 2

Inception Date3

Three Year

Five Year

Ten Year

Since Inception

STATIC INVESTMENT OPTIONSEquity—100% Domestic -0.27% 4.89% 13.48% 13.48% 20.19% 15.13% 7.31% 4.67% 9/20/1999

Equity—30% International -1.05% 2.48% 6.91% 6.91% 17.54% 12.42% N/A 10.91% 10/3/2008

Equity—10% International -0.18% 4.72% 10.48% 10.48% 19.31% 14.73% 7.85% 10.98% 4/1/2003

70% Equity/30% Fixed Income -0.45% 2.97% 7.88% 7.88% N/A N/A N/A 13.83% 6/21/2013

20% Equity/80% Fixed Income -0.36% 0.88% 3.10% 3.10% N/A N/A N/A 4.81% 6/21/2013

Fixed Income -0.09% 1.12% 4.01% 4.01% 1.93% 3.95% 4.20% 4.24% 9/9/2002

Public Treasurers’ Inv. Fund: Utah Res. 0.04% 0.13% 0.50% 0.50% 0.62% 0.60% 2.07% 3.02% 11/3/1996

Public Treasurers’ Inv. Fund: Non-Utah Res. 0.03% 0.09% 0.33% 0.33% 0.42% 0.39% 1.86% 2.90% 11/3/1996

FDIC-Insured 0.06% 0.16% 0.49% 0.49% 0.50% 0.64% N/A 0.64% 2/11/2009

CUSTOMIZED INVESTMENT OPTIONSThe information below shows the returns for the following underlying investments and are net of the UESP Administrative Asset Fee. Returns on an account invested in the Customized Age-Based or Customized Static investment options will depend upon the underlying investment allocation chosen by the account owner/agent. In addition, individual account performance will vary based on the timing of the investments in the investment option, any cash flow in or out of the UESP account during the investment period, and on the balances in the UESP accounts.

Vang

uard

Fun

ds

VG Institutional Total Stock Market Index Fund -0.02% 5.18% 12.40% 12.40% 20.34% N/A N/A 16.64% 2/1/2010VG Institutional Index Fund -0.27% 4.88% 13.44% 13.44% 20.17% N/A N/A 16.36% 2/1/2010VG Value Index Fund 0.31% 4.66% 12.97% 12.97% N/A N/A N/A 18.72% 6/21/2013VG Growth Index Fund -1.00% 5.03% 13.38% 13.38% N/A N/A N/A 22.78% 6/21/2013VG Mid-Cap Index Fund 0.25% 6.59% 13.57% 13.57% 21.07% N/A N/A 18.01% 2/1/2010VG Small-Cap Index Fund 1.23% 6.79% 7.32% 7.32% 20.35% N/A N/A 17.79% 2/1/2010VG Small-Cap Value Index Fund 1.71% 7.83% 10.36% 10.36% N/A N/A N/A 20.52% 6/21/2013VG Small-Cap Growth Index Fund 0.73% 5.64% 3.83% 3.83% N/A N/A N/A 16.40% 6/21/2013VG Total International Stock Index Fund -3.67% -4.23% -4.33% -4.33% 9.09% N/A N/A 1.57% 5/6/2011VG Developed Markets Index Fund -3.69% -4.15% -5.79% -5.79% 10.86% N/A N/A 6.39% 2/1/2010VG International Value Fund5 -4.95% -5.73% -6.86% -6.86% 10.84% N/A N/A 5.62% 2/1/2010VG International Growth Fund -4.67% -2.99% -5.71% -5.71% 11.59% N/A N/A 7.98% 2/1/2010VG Emerging Markets Stock Index Fund -4.98% -3.72% 0.47% 0.47% N/A N/A N/A 7.07% 6/21/2013VG Total Bond Market Index Fund 0.08% 1.67% 5.69% 5.69% 2.40% N/A N/A 3.93% 2/1/2010VG Short-Term Investment-Grade Fund -0.39% 0.18% 1.69% 1.69% 2.33% N/A N/A 1.94% 8/1/2011VG Short-Term Bond Index Fund -0.36% 0.31% 1.10% 1.10% N/A N/A N/A 1.31% 6/21/2013VG Short-Term Infl.-Prot. Sec. Index Fund -1.28% -1.51% N/A N/A N/A N/A N/A -1.80% 2/3/2014VG Total International Bond Index Fund 0.82% 2.46% N/A N/A N/A N/A N/A 6.86% 2/3/2014

Dim

ensio

nal F

und

s DFA Global Equity Portfolio -0.90% 1.46% 4.41% 4.41% N/A N/A N/A 15.14% 6/21/2013DFA U.S. Large Cap Value Portfolio 0.72% 2.65% 9.86% 9.86% N/A N/A N/A 19.99% 6/21/2013DFA U.S. Small Cap Value Portfolio 2.27% 6.65% 3.28% 3.28% N/A N/A N/A 16.58% 6/21/2013DFA Real Estate Securities Portfolio 1.81% 14.67% 30.85% 30.85% N/A N/A N/A 18.93% 6/21/2013DFA International Value Portfolio -3.77% -5.43% -7.17% -7.17% N/A N/A N/A 8.09% 6/21/2013DFA One-Year Fixed Income Portfolio -0.19% -0.07% 0.06% 0.06% N/A N/A N/A 0.09% 6/21/2013

Public Treasurers’ Investment Fund6 0.03% 0.08% 0.29% 0.29% 0.40% N/A N/A 0.38% 2/1/2010FDIC-Insured Accounts 0.05% 0.15% 0.45% 0.45% 0.47% N/A N/A 0.62% 2/1/2010

Notes1 Year-to-date calculations are based on a calendar year; January 1 to the current month-end date.2 Average Annualized Returns for investment options with an inception date in the past 12 months are cumulative and nonannualized.3 The inception date is the first date that (a) the investment option was offered and/or received a contribution, or (b) the underlying fund was offered as part of

either the Customized Age-Based or Customized Static investment options. 4 UESP will reallocate the account balance to the Age 19+ or College Enrolled age bracket for accounts with an age-based investment option, including the

Customized Age-Based investment option, when either (a) the beneficiary turns age 19, or (b) a qualified withdrawal is processed for the account owner/agent, whichever comes first.

5 Closed to new investments beginning on July 25, 2011.6 Public Treasurers’ Investment Fund is a pool of money managed by the Utah state treasurer in short-term investments. Closed to new investments as an

underlying investment in the Customized Age-Based and Customized Static investment options beginning on July 25, 2011.