Texas Teachers Advisor Program

Transcription

1 Texas Teachers Advisor Program Monthly Performance Report as of February 28, 2015 You should consider the investment objectives, risks, charges, and expenses of the mutual funds carefully before investing. You may obtain prospectuses or summary prospectuses (if available) that contain this and other information about the mutual funds by calling our Service Center at You should read the prospectuses or summary prospectuses (if available) carefully before investing. Investing in mutual funds involves risk and there is no guarantee of investment results. The performance data quoted represents past performance. Past performance is no guarantee of future results. Investing in mutual funds involves risk. Investment return and principal value of an investment will fluctuate so that an investor s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data quoted. Go to for the most recent month-end performance. One Security Benefit Place Topeka, Kansas securitybenefit.com

2 % 1.40% 1.07% 1.19% 1.43% 1.15% 1.50% 1.47% 1.09% 1.11% 1.32% 0.85% 1.19% Money Market-Taxable Rydex US Gov Money Market 1,4, % 0.00% 0.00% 0.00% 1.19% 2.28% 0.93% BofAML USD LIBOR 3 Mon CM 0.04% 0.23% 0.32% 0.33% 1.98% 1 7-day current yield as of : 0.00% Aggressive Allocation American Century Str Alloc Agg % 8.64% 11.56% 11.55% 7.01% 7.56% 1.40% Morningstar Aggressive Target Risk 3.30% 7.19% 12.48% 12.39% 7.55% Conservative Allocation American Century Str Alloc Con % 6.02% 7.18% 7.87% 5.38% 6.04% Morningstar Moderately Cons Target Risk 1.59% 4.21% 6.21% 7.29% 5.86% TRP Retirement Balanced % 4.26% 5.99% 6.75% 5.15% 5.50% 1.07% Morningstar Moderately Cons Target Risk 1.59% 4.21% 6.21% 7.29% 5.86% Corporate Bond Federated Bond % 4.98% 5.07% 6.70% 6.06% 6.42% 0.99% V Barclays US Corp IG TR USD 1.99% 6.54% 4.76% 6.49% 5.72% Diversified Emerging Mkts Invesco Developing Markets % -1.66% -0.93% 4.12% 9.11% 5.43% 1.41% C 6/30/2016 MSCI EM NR USD 3.71% 5.01% -0.34% 3.64% 7.89% Equity Energy Invesco Energy % % -3.57% 1.57% 5.80% 8.99% 1.15% S&P 1500 Energy TR -0.77% -8.57% 3.11% 8.70% 7.22% Equity Precious Metals Invesco Gold & Precious Metals % % % -9.72% 2.58% 6.32% 1.49% C 6/30/2016 MSCI World/Metals & Mining NR USD 6.44% % % -6.29% 2.64% Foreign Large Growth American Century Intl Growth % -1.26% 10.40% 9.42% 5.88% 6.48% 1.47% MSCI ACWI Ex USA Growth NR USD 5.92% 2.88% 7.24% 7.40% 5.77% Foreign Large Value TRP Intl Growth & Income % -2.29% 7.97% 7.74% 4.83% 9.30% 1.09% MSCI ACWI Ex USA Value NR USD 4.43% -1.16% 5.70% 5.67% 4.87% High Yield Bond Franklin High Income % -0.66% 6.18% 8.10% 6.55% 8.02% 1.11% BofAML US HY Master II TR USD 3.09% 2.84% 7.62% 9.20% 7.79% Guggenheim High Yield % 1.87% 8.35% 7.97% 7.24% 6.81% 1.18% C 2/1/2016 BofAML US HY Master II TR USD 3.09% 2.84% 7.62% 9.20% 7.79% Intermediate-Term Bond American Century Div Bond % 4.77% 2.48% 4.04% 4.70% 4.59% 0.85% Barclays US Agg Bond TR USD 1.14% 5.05% 2.76% 4.29% 4.82% Guggenheim U.S. Invst Grade Bond % 5.78% 5.45% 5.81% 3.65% 5.94% 1.02% C 2/1/2016 Barclays US Agg Bond TR USD 1.14% 5.05% 2.76% 4.29% 4.82%

3 1,336 1, % 1.48% 1.22% 1.24% 0.97% 1.08% 1.19% 1.18% 1.13% 1.48% 3.25% 2.41% 1.79% 1.28% 1.22% Large Blend American Century Equity Growth % 13.81% 17.06% 15.96% 7.39% 6.11% 0.92% Russell 1000 TR USD 2.87% 14.88% 18.14% 16.39% 8.30% 1,336 1, Guggenheim StylePlus Lrg Core % 16.38% 15.55% 13.28% 5.39% 10.56% 1.46% C 2/1/2016 Russell 1000 TR USD 2.87% 14.88% 18.14% 16.39% 8.30% 1,336 1, Large Growth American Century Growth % 13.05% 14.81% 14.68% 8.54% 6.84% 1.22% Russell 1000 Growth TR USD 5.03% 16.24% 18.05% 17.21% 9.28% 1, American Century Select % 15.64% 15.20% 15.22% 7.17% 5.42% Russell 1000 Growth TR USD 5.03% 16.24% 18.05% 17.21% 9.28% 1, American Century Ultra % 12.88% 17.10% 16.17% 7.31% 6.76% 1.24% Russell 1000 Growth TR USD 5.03% 16.24% 18.05% 17.21% 9.28% 1, Franklin Flex Cap Growth % 7.32% 14.31% 13.99% 7.92% 11.55% 0.97% Russell 1000 Growth TR USD 5.03% 16.24% 18.05% 17.21% 9.28% 1, Invesco American Franchise % 10.96% 16.58% 15.56% 9.00% 1.08% Russell 1000 Growth TR USD 5.03% 16.24% 18.05% 17.21% 9.28% 1,326 TRP Growth Stock % 11.29% 18.44% 17.42% 9.18% 10.95% 1.19% Russell 1000 Growth TR USD 5.03% 16.24% 18.05% 17.21% 9.28% 1, Large Value American Century Equity Income % 11.91% 12.95% 12.04% 6.73% 9.09% 1.18% Russell 1000 Value TR USD 0.65% 13.49% 18.11% 15.51% 7.21% Federated Equity Income % 9.57% 14.35% 14.29% 7.32% 8.80% 1.13% Russell 1000 Value TR USD 0.65% 13.49% 18.11% 15.51% 7.21% Guggenheim Large Cap Value % 8.54% 15.05% 12.48% 7.00% 8.74% 1.17% C 2/1/2016 Russell 1000 Value TR USD 0.65% 13.49% 18.11% 15.51% 7.21% Invesco Value Opportunities % 8.94% 15.23% 12.92% 5.22% 5.66% 1.24% C 6/30/2016 Russell 1000 Value TR USD 0.65% 13.49% 18.11% 15.51% 7.21% Long/Short Equity Guggenheim Alpha Opportunity % 8.67% 14.40% 16.27% 9.00% 10.62% 2.12% C 2/1/2016 S&P 500 TR USD 2.57% 15.51% 18.00% 16.18% 7.99% Guggenheim Long Short Equity % 4.35% 7.31% 6.59% 4.55% 4.51% 1.73% V S&P 500 TR USD 2.57% 15.51% 18.00% 16.18% 7.99% Managed Futures Guggenheim Mgd Futures Strgy % 19.97% 3.59% -0.18% 0.77% 1.72% V Credit Suisse Mgd Futures Liquid TR USD 6.78% 28.55% 6.72% 4.78% 7.88% 89 Mid-Cap Blend ClearBridge MdCpCor % 9.49% 17.23% 16.71% 9.43% 10.62% 1.28% Russell Mid Cap TR USD 3.89% 13.31% 18.95% 17.74% 9.92% Invesco Mid Cap Core Equity % 3.86% 11.18% 9.87% 6.93% 10.85% 1.19% C 4/30/2015 Russell Mid Cap TR USD 3.89% 13.31% 18.95% 17.74% 9.92%

4 % 1.74% 1.21% 1.32% 2.88% 1.85% 1.24% 1.21% 1.39% 1.09% 1.17% 1.23% 1.26% 1.26% Mid-Cap Growth American Century Heritage % 9.55% 15.04% 16.03% 12.14% 9.10% Russell Mid Cap Growth TR USD 5.08% 13.10% 18.16% 17.92% 9.99% Federated Kaufmann % 9.91% 18.53% 14.78% 8.67% 8.91% 1.96% V Russell Mid Cap Growth TR USD 5.08% 13.10% 18.16% 17.92% 9.99% Guggenheim StylePlus Mid Growth % 13.43% 16.08% 15.28% 6.12% 10.16% 1.72% C 2/1/2016 Russell Mid Cap Growth TR USD 5.08% 13.10% 18.16% 17.92% 9.99% Invesco Mid Cap Growth % 9.52% 16.21% 15.30% 10.24% 12.53% 1.15% C 7/31/2015 Russell Mid Cap Growth TR USD 5.08% 13.10% 18.16% 17.92% 9.99% Moderate Allocation American Century Str Alloc Mod % 7.53% 9.72% 9.96% 6.43% 7.07% 1.32% Morningstar Moderately Aggr Target Risk 2.80% 6.33% 10.76% 11.02% 7.27% Multialternative Guggenheim Multi-Hedge Strat % 7.72% 3.12% 4.03% 0.62% 1.52% V Morningstar Moderate Target Risk 2.16% 5.41% 8.56% 9.26% 6.73% Small Blend Guggenheim Small Cap Value % -2.12% 12.08% 12.74% 16.09% 1.32% C 2/1/2016 Russell 2000 TR USD 2.53% 5.63% 16.58% 15.97% 8.31% Small Growth ClearBridge Sm Cap Growth % 1.27% 16.56% 18.28% 10.03% 10.92% 1.24% Russell 2000 Growth TR USD 4.75% 7.37% 17.83% 17.96% 9.40% Invesco Small Cap Growth % 8.17% 18.20% 18.52% 10.21% 11.16% 1.21% Russell 2000 Growth TR USD 4.75% 7.37% 17.83% 17.96% 9.40% Small Value Guggenheim Mid Cap Value % 0.30% 12.59% 11.79% 8.72% 13.72% 1.39% Russell 2000 Value TR USD 0.29% 3.96% 15.32% 13.97% 7.13% Target Date TRP Retirement % 5.48% 7.62% 8.42% 5.76% 6.47% 1.09% Morningstar Lifetime Moderate % 4.95% 6.69% 8.42% 6.55% Target Date TRP Retirement % 6.61% 10.23% 10.52% 6.47% 7.31% 1.17% Morningstar Lifetime Moderate % 6.02% 8.53% 9.95% 7.09% Target Date TRP Retirement % 7.48% 12.21% 12.02% 6.98% 7.93% 1.23% Morningstar Lifetime Moderate % 7.02% 11.00% 11.64% 7.56% Target Date TRP Retirement % 7.94% 13.27% 12.73% 7.21% 8.13% 1.26% Morningstar Lifetime Moderate % 7.19% 12.08% 12.27% 7.80% Target Date TRP Retirement % 7.96% 13.25% 12.71% 5.97% 1.26% Morningstar Lifetime Moderate % 6.85% 11.84% 12.08% 7.81%

5 % 1.05% 0.91% 1.28% 1.66% 1.48% Technology Invesco Technology % 11.45% 11.79% 14.67% 7.73% 4.13% 1.45% Morningstar SEC/Technology TR USD 4.52% 20.80% 16.00% 16.33% 10.48% World Bond American Century Intl Bond % -8.27% -3.08% -0.12% 1.50% 3.23% 1.05% Citi WGBI NonUSD USD -2.50% -8.08% -3.03% 0.36% 2.54% Templeton Global Bond % 3.18% 3.81% 5.40% 7.43% 7.97% 0.90% C 1/1/2016 Citi WGBI NonUSD USD -2.50% -8.08% -3.03% 0.36% 2.54% World Stock Franklin Mutual Global Disc % 8.10% 13.26% 10.81% 8.60% 10.17% 1.28% MSCI ACWI NR USD 3.92% 7.55% 11.57% 10.71% 6.37% Guggenheim World Equity Income % 5.67% 10.14% 8.01% 4.75% 7.51% 1.49% C 2/1/2016 MSCI ACWI NR USD 3.92% 7.55% 11.57% 10.71% 6.37% TRP Global Stock 2, % 9.29% 14.39% 12.15% 7.51% 4.82% 1.15% C 2/29/2016 MSCI ACWI NR USD 3.92% 7.55% 11.57% 10.71% 6.37% *The average annual total return figures assume a one-time investment of $1,000 at the beginning of each period. All dividends are assumed to be reinvested. NAV performance returns do not reflect deduction of any front-end sales loads or contingent deferred sales loads that may be imposed by the funds. Such loads are waived by the funds for purchases made through this Program. If you purchase these funds outside of this Program, you may be subject to these charges. If the sales loads were reflected in the accompanying performance data, it would reduce the quoted performance. In addition, the NAV performance numbers do not reflect deduction of any Trust/Custodial Account charges, which would reduce the quoted performance. Because this performance information does not reflect deduction of Trust/Custodial Account charges, the quoted performance is higher than the performance experienced by your Trust/Custodial Account.

6 Fees and Expenses Fees and Expenses Option 3 Option 4 Annual Account Fee $20 per year for account balances less than $25,000; No fee for account balances more than $25,000 Purchase Load 0.00% 5.50% Account Distribution Fee (Custodial Fee) 1.00% 0.35% Contingent Deferred Sales Charge Rights of Accumulations Year CDSC One 1.00% Two 0.00% Account Balances Sales Charge < $50K 5.50% $50K - $99, % $100K - $249, % $250K - $499, % $500K - $999, % > $1,000, % 2 Investments in this fund that are withdrawn or transferred may be assessed a redemption fee, which is retained by the fund. Please consult with your financial representative. 3 This fund uses extended performance, which generally means that the fund manager calculates performance for the share class of the fund listed based upon on performance of a previous share class. Thus, older performance may have been higher or lower if the share class listed was in existence during such time periods. For specific periods using extended performance please consult the fund's prospectus. 4 The current yield more closely reflects the current earnings of the fund than the total return. 5 This Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in this Fund. 6 Effective April 19, 2013, Federated Capital Appreciation merged into Federated Equity Income. C - The difference between the gross expense ratio and the net expense ratio represents a contractual waiver of fees. A contractual waiver is generally provided for a specified period of time. V - The difference between the gross expense ratio and the net expense ratio represents a voluntary waiver of fees. Unlike a contractual waiver, a voluntary waiver is not provided for a specified period of time and may end without notice. Refer to the fund's prospectus for details about this voluntary waiver. Triple-digit or high double-digit performance is attributable, in part, to unusually favorable market conditions and may not be repeated or consistently achieved in the future. Recent market volatility may affect performance so that current performance may be lower. Performance, especially for short time periods, should not be the sole factor in making your investment decisions. Effective July 8, 2011, the Invesco Developing Markets and the Invesco Small Cap Growth are closed to new purchases or transfers. Effective August 31, 2011, the American Century Growth fund is closed to new purchases or transfers. Effective June 30, 2014, the Clearbridge Small Cap Growth fund is closed to new purchases or transfers. The Texas Teachers Advisor Program 403(b)(7) is a Custodial Account under 403(b)(7) of the Internal Revenue Code. Broker Compensation Security Distributors, Inc. ( SDI ) pays commissions to the selling broker/dealer in connection with contributions to your custodial account. SDI may use any of its corporate assets to pay such commissions and other distribution costs. A portion of any payments made to the selling broker/dealer may be passed on to the registered representative in accordance with the broker/dealer s internal compensation programs. SDI pays commissions that range in amount from 1.00% to 5.00% as a percentage of initial and subsequent contributions at the time it receives them. SDI also pays asset-based commissions that range from an annual percentage of 0.25% to 0.80% of average account value. The commission amount generally varies according to the custodial account fee option selected. Please ask your registered representative for further information about what he or she and the selling broker/dealer for whom he or she works may receive in connection with your contributions to the custodial account. Administrative, Marketing, and Support Service Payments SDI (and its affiliates) may receive payments from the underlying funds, their advisers, sub-advisers, and distributors, or affiliates thereof, in consideration for distribution, administrative, marketing, and other services SDI (or its affiliates) provides. SDI negotiates these payments, which may differ by underlying fund (sometimes substantially), and the amounts SDI (or its affiliates) receive may be significant. Making these payments may provide an adviser, sub-adviser, or distributor (or affiliate thereof) with increased access to the SDI and its affiliates. SDI and its affiliates anticipate they will receive payments from the underlying funds, their advisers, sub-advisers, and distributors, or affiliates thereof in the form of 12b-1 fees, investor services fees and administrative payments that range in total from 0.25% to a maximum of 0.75% of the average net assets of the account invested in the underlying fund on an annual basis. This does not include the arrangements with certain of the investment advisers, sub-advisers, or distributors (or affiliates thereof) of certain of the Underlying Funds in which the payment is not based on the average net assets of the accounts invested in the underlying fund.

7 Morningstar Rating Often simply called the Star Rating, the Morningstar Rating brings load-adjustments, performance (returns) and risk together into one evaluation. To determine a fund's star rating for a given time period (three, five, or ten years), the fund's risk-adjusted return is plotted on a bell curve: If the fund scores in the top 10% of its category, it receives 5 stars (Highest); if it falls in the next 22.5% it receives 4 stars (Above Average); a place in the middle 35% earns 3 stars (Average); those lower still, in the next 22.5%, receive 2 stars (Below Average); and the bottom 10% get only 1 star (Lowest). The Overall Morningstar Rating is a weighted average of the available three-, five-, and ten-year ratings Morningstar, Inc. All Rights Reserved. The information contained herein: 1) is proprietary to Morningstar and/or its content providers; 2) may not be copied or distributed; and 3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Securities are distributed by Security Distributors, Inc., a subsidiary of Security Benefit Corporation ( Security Benefit ). All Dow Jones (DJ) indexes, 2015 Dow Jones & Company Inc. All MSCI indexes, 2015 Morgan Stanley Capital International, Inc. Each of the Morningstar Analyst Benchmark indexes is unmanaged and cannot be invested in directly. Although index returns were gathered from reliable sources, Morningstar Associates cannot guarantee their accuracy or completeness. Security Distributors, Inc /02/28 Rev 2 3/6/2015 1:33:58 PM