Stable Value Option. New York Life Insurance Company Anchor Account III As of 9/30/2011 INVESTMENT OBJECTIVE SECTOR DIVERSIFICATION. Cash

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Stable Value Option. New York Life Insurance Company Anchor Account III As of 9/30/2011 INVESTMENT OBJECTIVE SECTOR DIVERSIFICATION. Cash --- 5."

Transcription

1 Stable Value Option The Stable Value Option seeks to provide a low-risk stable investment, offering competitive yields and limited volatility, with guarantee of principal and accumulated interest. Until as late as October 0, the underlying investments of the Stable Value Option will consist of the New York Life Insurance Company Anchor Account III and the Union Bank Stable Value Fund. These investments will be blended together to create a daily valued investment. All new contributions will be invested in the New York Life Anchor Account III and all participants will receive the same blended crediting rate. During the period between March, 0 and October of 0, the Union Bank Stable Value Fund will be fully liquidated and all assets will be invested in the New York Life Anchor Account III. Union Bank will inform New York Life Insurance Company when the liquidation can occur. The information below details the underlying characteristics of the New York Life Anchor Account III. An updated fund profile of the Stable Value Option will be available through New York Life online at mylife.newyorklife.com, or about 0 days after the transition to New York Life is complete. New York Life Insurance Company Anchor Account III As of 9/0/0 INVESTMENT OBJECTIVE The Anchor Account seeks to provide a low-risk stable investment, offering competitive yields and limited volatility, with guarantee of principal and accumulated interest. SECTOR DIVERSIFICATION Cash % INVESTMENT MANAGEMENT The New York Life separate account portfolio supporting the Anchor group annuity contracts is managed by the Fixed Income Investors Group, a division of New York Life Investments. Fixed Income Investors is a multiproduct fixed income asset manager comprised of experienced and highly specialized investment professionals. New York Life is a leading provider of stable value products in the U.S with more than 0 years of experience and $6 billion in stable value assets. KEY FEATURES This stable-value option is a New York Life Insurance Company separate account invested in high-quality fixed-income securities. Principal and accumulated interest is guaranteed by New York Life Insurance Company. New York Life currently holds the highest ratings for financial strength for a life insurance company from the industry's principal rating agencies : Moody s: Aaa; Standard & Poor s : AA+; Fitch Ratings: AAA; A.M. Best: A++. The account is not guaranteed by the FDIC or the federal government. The interest rate is subject to change daily. The Anchor Account has a return profile consistent with a longer term investment, with less potential for short-term volatility. Source: Individual Third Party Ratings Reports as of 8//0. Standard & Poor's Ratings Services, a Standard & Poor s Financial Services LLC business FUND FACTS Date: //995 Assets: $. billion Effective Duration:.0 Years Product Manager: Kenneth Quann Expense Charge**: 0.0%** Agencies % Asset-Backed Securities % Collateralized Mor gage Obligations Commer ial Mortg ge- Bac ed Securities % % Corporates % Mortgage-Backed Securities % U.S. Treasuries % The targeted duration for holdings is.5 to.5 years. The Anchor Account allocates assets among the security types listed above: OTHER CONSIDERATIONS The principal risk of mortgage- or asset-backed securities is that, if interest rates fall, the underlying debt may be paid ahead of schedule which will reduce the yield and market value of these securities. AVERAGE ANNUAL RETURNS (NET) 5 0 QTR YTD YEAR YEAR YEAR YEAR Anchor Account* 0.66%.8%.4%.94%.68% 4.4% CALENDAR YEAR RETURNS (NET) Anchor Account.58%.% 4.79% 4.79% 4.6% 4.09% * for the New York Life Insurance Company Anchor Account III group annuity contract, offered to the public on December, 00, include historical performance of the New York Life Insurance Company Anchor I Account from inception (//995) through /0/00. **The Anchor III expense charge will be increased to 0.45% beginning on 7//0. is net of all fees and expenses charged under the contract. data for periods greater than one year is annualized. guarantee of future results. The New York Life Anchor Account III is a group annuity contract and not a mutual fund. New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiaries. This product is offered by New York Life Insurance Company, New York, NY. InvstSvcs-ANCHR-III-09-

2 As of September 0, 0 Category: Inflation-Protected Bond Inflation-protected bond portfolios primarily invest in fixed-income securities that increase coupon and/or principal payments at the rate of inflation. These bonds can be issued by any organization, but the U.S. Treasury is currently the largest issuer of these types of securities. Most of these portfolios buy bonds with intermediateto long-term maturities. The investment seeks total return and inflation protection consistent with investment in inflation-indexed securities. The fund invests at least 80% of assets in inflation-adjusted securities including inflation-indexed securities issued by the U.S. Treasury, by other U.S. government agencies and instrumentalities, and by other, non-u.s. government entities such as corporations. It may invest up to 0% of assets in traditional U.S. Treasury, U.S. government agency or other non-u.s. government securities that are not inflationindexed. Investments in fixed income securities are subject to the risks associated with debt securities including credit, price and interest rate risk. In certain interest rate environments, such as when real interest rates are rising faster than nominal interest rates, inflation-protected securities with similar durations may experience greater losses than other fixed income securities. Interest payments on inflation-protected debt securities will fluctuate as the principal and/or interest is adjusted for inflation and can be unpredictable. Expense Ratio (gross) **: 0.48% of fund assets Fund Date: 0/0/997 Total Fund Assets($mil): 94.5 ACITX James E. Platz Brian Howell Robert V. Gahagan Management Company: American Century Inv Mgt, Inc.. Telephone: American Century Inflation-Adjusted Bond Fund (Investor Class) Portfolio Snapshot as of 06/0/0 ^ Cash 0.07 Stocks* 0.00 Bonds 99.9 Other 0.00 *Foreign Stock 0.00 Total Number of Stock Holdings 0 Total Number of Bond Holdings 40 Annual Turnover Ratio % Top Ten Holdings as of 06/0/0 ^ US Treasury Bond.75% 5.85 US Treasury Bond.875% 5. US Treasury Bond % 4.7 US Treasury Note.5% 4.68 US Treasury Note.65% 4.67 US Treasury Note % 4.5 US Treasury Bond.65% 4. US Treasury Note %.75 US Treasury Note %.70 US Treasury Note.5%.5 Bond Investment Overall Year 5 Year 0 Year 4 Out of 54 Inflation-Protected Bond Funds Out of 54 Inflation-Protected Bond Funds Out of Inflation-Protected Bond Funds 4 Out of 9 Inflation-Protected Bond Funds emphasis on downward variations and rewarding consistent performance. The top 0% of funds in each category receive five stars, then next.5% receive four stars, the middle 5% receive three stars, the next.5% receive two stars, and the bottom 0% receive one star. The Overall Morningstar three-, five- and 0-year (if applicable) Morningstar Rating metrics. Average Annual Total Returns as of 09/0/0 YTD Year Year 5Year 0Year Since American Century Infl-Adj Bond 0.8% 9.00% 7.9% 6.8% 6.68% -- Inflation-Protected Bond Average Citigroup U.S. Inflation-Linke mylife.newyorklife.com or call a New York Life representative at (800) Hypothetical Growth of $0,000 0,000 5,000 0,000 American Century Infl-Adj Bond $ 0,779 Citigroup U.S. Inflation-Linke $,905 9/0 9/0 9/0 9/04 9/05 9/06 9/07 9/08 9/09 9/0 9/ Best -month Period Nov. 07-Jan % Worst -month Period Sep. 08-Nov % This investment has shown a relatively small range of price fluctuations in the past. Based on this measure, currently more than two thirds of all mutual funds with threeyear histories have shown higher levels of risk. Consequently, this investment may appeal to investors looking for a conservative investment strategy. Inflation-Protected Bond Average is the average annual total return of the universe of mutual funds designated by Morningstar, Inc. as comprising the Morningstar Inflation-Protected Bond category. Citigroup U.S. Inflation-Linked Securities Index measures the return of bonds with fixed-rate coupon payments that adjust for inflation as measured by the Consumer Price Index (CPI). An investment cannot be made Fund data, Style Box and Rating 0 Morningstar, Inc. All Rights reserved. This information: () is proprietary to Morningstar and/or its content providers; () may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible Securities distributed by NYLIFE Distributors LLC, 69 Lackawanna Avenue, Parsippany NJ, Please log onto mylife.newyorklife.com or call a New York Life representative at (800) for a prospectus, and, if available, a summary prospectus.

3 As of September 0, 0 Category: Intermediate-Term Bond Intermediate-term bond funds have average durations that are greater than.5 years and less than six years. Most of the funds rotate among a variety of sectors in the bond market, based upon which appear to offer better values. Whatever types of bonds they hold, these funds are less sensitive to interest rates, and therefore less volatile, than funds that have longer durations. The investment seeks maximum total return. The fund normally invests at least 65% of total assets in a diversified portfolio of fixed-income instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements. It invests primarily in investment-grade debt securities, but may invest up to 0% of total assets in high-yield securities ( junk bonds ). The fund may invest in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities. Funds that invest in bonds are subject to interest-rate risk and can lose principal value when interest rates rise. High-yield securities ("junk bonds") are generally considered speculative because they present a greater risk of loss than higher-quality debt securities; these securities may also be subject to greater price volatility. Foreign securities may be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, and political and economic instability. These risks are likely to be greater for emerging markets than for developed markets. Derivatives may increase the volatility of a fund s net asset value and may result in a loss to a fund. b- fee: 0.5% Expense Ratio (gross) **: 0.7% of fund assets Fund Date: 09/08/994 Total Fund Assets($mil): 55. PTRAX William H. Gross Management Company: Pacific Investment Management Co LLC. Telephone: PIMCO Total Return Fund (Administrative Class) Portfolio Snapshot as of 06/0/0 ^ Short % Cash Stocks* Bonds Other *Foreign Stock Top Ten Holdings as of 06/0/0 ^ Pimco Fds Private Account Portfolio Ser 9. FNMA 7. FNMA -.55 Cdx Ig6 5y Sp Boa.07 Cdx Ig6 5y Sp Bps.04 FNMA -.79 US Treasury Note 0.75%.54 Irs Eur R 6me/.5 09// Brc.4 FNMA.5%.5 FNMA.4 Bond Investment Overall Year 5 Year 0 Year 4 Out of 06 Intermediate-Term Bond Funds Out of 06 Intermediate-Term Bond Funds Out of 86 Intermediate-Term Bond Funds 4 Out of 568 Intermediate-Term Bond Funds emphasis on downward variations and rewarding consistent performance. The top 0% of funds in each category receive five stars, then next.5% receive four stars, the middle 5% receive three stars, the next.5% receive two stars, and the bottom 0% receive one star. The Overall Morningstar three-, five- and 0-year (if applicable) Morningstar Rating metrics. Average Annual Total Returns as of 09/0/0 YTD Year Year 5Year 0Year Since PIMCO Total Return Admin.7% 0.7% 9.56% 7.54% 6.% -- Intermediate-Term Bond Average Barclays Capital Aggregate Bon mylife.newyorklife.com or call a New York Life representative at (800) Hypothetical Growth of $0,000 0,000 5,000 0,000 PIMCO Total Return Admin $ 0, Barclays Capital Aggregate Bon $ 8,805 9/0 9/0 9/0 9/04 9/05 9/06 9/07 9/08 9/09 9/0 9/ Best -month Period Nov. 08-Jan % Worst -month Period Aug. 08-Oct % Investment This investment has shown a relatively small range of price fluctuations in the past. Based on this measure, currently more than two thirds of all mutual funds with threeyear histories have shown higher levels of risk. Consequently, this investment may appeal to investors looking for a conservative investment strategy. Intermediate-Term Bond Average is the average annual total return of the universe of mutual funds designated by Morningstar, Inc. as comprising the Morningstar Intermediate-Term Bond category. Barclays Capital Aggregate Bond Index: The Barclays Capital Aggregate Bond Index is an unmanaged market value-weighted performance benchmark for investmentgrade or better fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities, with maturities of at least one year. Results assume the reinvestment of all capital gain and dividend distributions. An investment cannot be made Fund data, Style Box and Rating 0 Morningstar, Inc. All Rights reserved. This information: () is proprietary to Morningstar and/or its content providers; () may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible Securities distributed by NYLIFE Distributors LLC, 69 Lackawanna Avenue, Parsippany NJ, Please log onto mylife.newyorklife.com or call a New York Life representative at (800) for a prospectus, and, if available, a summary prospectus.

4 As of September 0, 0 Category: World Allocation World allocation funds seek to provide both capital appreciation and income by investing in three major areas: stocks, bonds, and cash. While these funds do explore the whole world, most of them focus on the U.S., Canada, Japan, and the larger markets in Europe. It is rare for such funds to invest more than 0% of their assets in emerging markets. The investment seeks maximum real return. The fund normally invests all of its assets in Institutional Class or, as applicable, Class M shares of other funds of the Trust except the All Asset All Authority fund, Global Multi-Asset and the RealRetirement funds. It invests assets in shares of the underlying funds and does not invest directly in stocks or bonds of other issuers. The fund may invest in any or all of the underlying funds, but will not normally invest in every underlying fund at any particular time. While the investment is nondiversified, it invests in some diversified underlying holdings. Funds that invest in bonds are subject to interest-rate risk and can lose principal value when interest rates rise. The Fund is a "fund of funds" that invests in shares of other mutual funds (the underlying funds), which can include U.S. and foreign equity and fixed income securities. The fund may also allocate its investments in growth and value stocks, real estate investment trusts, and corporate and U.S. government bonds. Foreign investing involves risks not associated with U.S. investments, including currency fluctuations and political and economic changes. While diversification helps to manage risk, it does not guarantee earnings growth. Funds that invest in bonds are subject to interest-rate risk and can lose principal value when interest rates rise. The risks associated with an investment in the fund are more fully described in the fund s prospectus. b- fee: 0.5% Expense Ratio (gross) **:.% of fund assets Fund Date: //00 Total Fund Assets($mil): 9.89 PAALX Robert D. Arnott Management Company: Pacific Investment Management Co LLC. Telephone: PIMCO All Asset Fund (Administrative Class) Portfolio Snapshot as of 06/0/0 ^ Short % Cash Stocks* Bonds Other *Foreign Stock Annual Turnover Ratio % 77 Top Ten Holdings as of 06/0/0 ^ PIMCO Fundamental Advtg Total Ret Instl 4.5 PIMCO Income Instl 8.9 PIMCO Real Return Asset Instl 7.79 PIMCO Floating Income Instl 7.60 PIMCO EM Fdmtl IndexPLUS TR ST Instl 6.40 PIMCO Unconstrained Bond Inst 5.8 PIMCO High Yield Instl 4.54 PIMCO Emerging Markets Currency Instl 4.5 PIMCO Investment Grade Corp Bd Instl 4. PIMCO Diversified Inc Instl.8 Balanced/Asset Allocation Investment Overall Year 5 Year Out of 8 World Allocation Funds Out of 8 World Allocation Funds Out of 46 World Allocation Funds emphasis on downward variations and rewarding consistent performance. The top 0% of funds in each category receive five stars, then next.5% receive four stars, the middle 5% receive three stars, the next.5% receive two stars, and the bottom 0% receive one star. The Overall Morningstar three-, five- and 0-year (if applicable) Morningstar Rating metrics. Average Annual Total Returns as of 09/0/0 YTD Year Year 5Year 0Year Since PIMCO All Asset Admin -.94% -0.85% 7.77% 4.9% % World Allocation Average S&P 500 Index mylife.newyorklife.com or call a New York Life representative at (800) Hypothetical Growth of $0,000 0,000 5,000 0,000 PIMCO All Asset Admin $ 7,965 S&P 500 Index $ 5,09 9/0 9/04 9/05 9/06 9/07 9/08 9/09 9/0 9/ Best -month Period Mar. 09-May % Worst -month Period Sep. 08-Nov % This investment has shown a relatively small range of price fluctuations in the past. Based on this measure, currently more than two thirds of all mutual funds with threeyear histories have shown higher levels of risk. Consequently, this investment may appeal to investors looking for a conservative investment strategy. World Allocation Average is the average annual total return of the universe of mutual funds designated by Morningstar, Inc. as comprising the Morningstar World Allocation category. S&P 500 Index TR: S&P 500 is a trademark of The McGraw-Hill Companies, Inc. The S&P 500 is an unmanaged index and is widely regarded as the standard for measuring large-cap U.S. stock market performance. Results assume the reinvestment of all capital gain and dividend distributions. An investment cannot be made Fund data, Style Box and Rating 0 Morningstar, Inc. All Rights reserved. This information: () is proprietary to Morningstar and/or its content providers; () may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible Securities distributed by NYLIFE Distributors LLC, 69 Lackawanna Avenue, Parsippany NJ, Please log onto mylife.newyorklife.com or call a New York Life representative at (800) for a prospectus, and, if available, a summary prospectus.

5 As of September 0, 0 Category: Retirement Income Retirement income portfolios provide a mix of stocks, bonds and cash for those investors already in or entering retirement. These portfolios tend to be managed to more of a conservative asset allocation strategy. These portfolios aim to provide investors with steady income throughout retirement. The investment seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a set of underlying T. Rowe Price mutual funds representing various asset classes and sectors. It normally invests 40% in stocks and 60% in bonds. While the investment is non-diversified, it invests in diversified holdings. Barclays Capital Aggregate Bond Index: The Barclays Capital Aggregate Bond Index is an unmanagedmarketvalue-weightedperformance benchmark for investment-grade or better fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities, with maturities of at least one year. Results assume the reinvestment of all capital gain and dividend distributions. An investment cannot be made b- fee: 0.5% Expense Ratio (gross) **: 0.8% of fund assets Trading Blackout Holding Period: 0 Days Trading Blackout Min Amount: $0.00 Fund Date: 0//00 Total Fund Assets($mil): 58.7 PARIX Jerome A. Clark Management Company: T. Rowe Price Associates, Inc.. Telephone: T. Rowe Price Retirement Income Fund (Advisor Class) Portfolio Snapshot as of 06/0/0 ^ Cash.0 Stocks* 40.5 Bonds Other 0.6 *Foreign Stock 9.59 Industry Sectors as of 06/0/0 ^ Cyclical 5.0 Basic Materials 6.69 Consumer Cyclical 0.7 Financial Services 4.6 Real Estate.6 Defensive.0 Consumer Defensive 9.54 Healthcare 9.4 Utilities. Sensitive 4.59 Communication Services 4.7 Energy.7 Industrials.0 Technology.75 Total Number of Stock Holdings 0 Annual Turnover Ratio % Top Ten Holdings as of 06/0/0 ^ T. Rowe Price Inflation Focused Bond 0.0 T. Rowe Price Equity Index T. Rowe Price New Income 8.07 T. Rowe Price High-Yield.5 T. Rowe Price Emerging Markets Bond.07 Balanced/Asset Allocation Investment Overall Year 5 Year Out of 8 Retirement Income Funds Out of 8 Retirement Income Funds Out of 8 Retirement Income Funds emphasis on downward variations and rewarding consistent performance. The top 0% of funds in each category receive five stars, then next.5% receive four stars, the middle 5% receive three stars, the next.5% receive two stars, and the bottom 0% receive one star. The Overall Morningstar three-, five- and 0-year (if applicable) Morningstar Rating metrics. Average Annual Total Returns as of 09/0/0 YTD Year Year 5Year 0Year Since T. Rowe Price Retirement Incom -.68% 0.5% 5.0%.95% % Retirement Income Average Barclays Capital Aggregate Bon mylife.newyorklife.com or call a New York Life representative at (800) Hypothetical Growth of $0,000 6,000 4,000,000 T. Rowe Price Retirement Incom $ 4,70 Barclays Capital Aggregate Bon $ 5,98 T. Rowe Price International Bond.05 T. Rowe Price International Stock Fd.44 T. Rowe Price Overseas Stock.9 0,000 T. Rowe Price Intl Gr & Inc.8 T. Rowe Price Real Assets.94 9/04 9/05 9/06 9/07 9/08 9/09 9/0 9/ Best -month Period Mar. 09-May % Worst -month Period Sep. 08-Nov % This investment has shown a relatively small range of price fluctuations in the past. Based on this measure, currently more than two thirds of all mutual funds with threeyear histories have shown higher levels of risk. Consequently, this investment may appeal to investors looking for a conservative investment strategy. Retirement Income Average is the average annual total return of the universe of mutual funds designated by Morningstar, Inc. as comprising the Morningstar Retirement Income category. Barclays Capital Aggregate Bond Index: The Barclays Capital Aggregate Bond Index is an unmanaged market value-weighted performance benchmark for investmentgrade or better fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities, with maturities of at least one year. Results assume the reinvestment of all capital gain and dividend distributions. An investment cannot be made Fund data, Style Box and Rating 0 Morningstar, Inc. All Rights reserved. This information: () is proprietary to Morningstar and/or its content providers; () may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible Securities distributed by NYLIFE Distributors LLC, 69 Lackawanna Avenue, Parsippany NJ, Please log onto mylife.newyorklife.com or call a New York Life representative at (800) for a prospectus, and, if available, a summary prospectus.

6 As of September 0, 0 Category: Target Date Target-date portfolios provide a diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years ) for retirement or another goal. These portfolios aim to provide investors with an optimal level of return and risk, based solely on the target date. Over time, management adjusts the allocation among asset classes to more conservative mixes as the target date approaches. The investment seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a set of underlying T. Rowe Price mutual funds representing various asset classes and sectors. It normally invests 55% of assets in stock funds, 45% in fixed income funds. While the investment is non-diversified, it invests in diversified holdings. The target date in a target date fund is the approximate date an investor plans to start withdrawing money. The funds generally shift to a more conservative investment mix over time. Earnings and principal value are not guaranteed at any time including the target date. and mid-cap stocks are often more volatile than large-cap stocks. Growth stocks may be more volatile than other stocks because they are generally more sensitive to investor perceptions and market moves. The principal risk of investing in value funds is that the price of the security may not approach its anticipated value. Foreign securities can be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, political and economic instability, less publicly available information, and changes in tax or currency laws or monetary policy. These risks are likely to be greater for emerging markets than in developed markets. Funds that invest in bonds are subject to interest rate risk and can lose principal value when interest rates rise. b- fee: 0.5% Expense Ratio (gross) **: 0.86% of fund assets Trading Blackout Holding Period: 0 Days Trading Blackout Min Amount: $0.00 Fund Date: 0//00 Total Fund Assets($mil): PARAX Jerome A. Clark Management Company: T. Rowe Price Associates, Inc.. Telephone: T. Rowe Price Retirement 00 Fund (Advisor Class) Portfolio Snapshot as of 06/0/0 ^ Cash 6.7 Stocks* 5.56 Bonds 9. Other 0.85 *Foreign Stock.40 Industry Sectors as of 06/0/0 ^ Cyclical 6.9 Basic Materials 7.00 Consumer Cyclical 0.8 Financial Services 4.8 Real Estate.57 Defensive.06 Consumer Defensive 8.6 Healthcare 9.8 Utilities.7 Sensitive 4.75 Communication Services 4.4 Energy 0.97 Industrials.4 Technology.94 Total Number of Stock Holdings 0 Annual Turnover Ratio % 9 Top Ten Holdings as of 06/0/0 ^ T. Rowe Price Equity Index T. Rowe Price New Income.98 T. Rowe Price Inflation Focused Bond.0 T. Rowe Price High-Yield 4. T. Rowe Price Emerging Markets Bond.70 T. Rowe Price International Bond.68 T. Rowe Price Value.55 T. Rowe Price Growth Stock.8 T. Rowe Price International Stock Fd.8 T. Rowe Price Overseas Stock.09 Balanced/Asset Allocation Investment Overall Year 5 Year Out of 49 Target Date Funds Out of 49 Target Date Funds Out of 9 Target Date Funds emphasis on downward variations and rewarding consistent performance. The top 0% of funds in each category receive five stars, then next.5% receive four stars, the middle 5% receive three stars, the next.5% receive two stars, and the bottom 0% receive one star. The Overall Morningstar three-, five- and 0-year (if applicable) Morningstar Rating metrics. Average Annual Total Returns as of 09/0/0 YTD Year Year 5Year 0Year Since T. Rowe Price Retirement % -0.9% 4.88%.5% % Target Date Average Barclays Capital Aggregate Bon mylife.newyorklife.com or call a New York Life representative at (800) Hypothetical Growth of $0,000 6,000 4,000,000 0,000 T. Rowe Price Retirement 00 $ 4,655 Barclays Capital Aggregate Bon $ 5,98 9/04 9/05 9/06 9/07 9/08 9/09 9/0 9/ Best -month Period Mar. 09-May % Worst -month Period Sep. 08-Nov % This investment has shown a relatively small range of price fluctuations in the past. Based on this measure, currently more than two thirds of all mutual funds with threeyear histories have shown higher levels of risk. Consequently, this investment may appeal to investors looking for a conservative investment strategy. Target Date Average is the average annual total return of the universe of mutual funds designated by Morningstar, Inc. as comprising the Morningstar Target Date category. Barclays Capital Aggregate Bond Index: The Barclays Capital Aggregate Bond Index is an unmanaged market value-weighted performance benchmark for investmentgrade or better fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities, with maturities of at least one year. Results assume the reinvestment of all capital gain and dividend distributions. An investment cannot be made Fund data, Style Box and Rating 0 Morningstar, Inc. All Rights reserved. This information: () is proprietary to Morningstar and/or its content providers; () may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible Securities distributed by NYLIFE Distributors LLC, 69 Lackawanna Avenue, Parsippany NJ, Please log onto mylife.newyorklife.com or call a New York Life representative at (800) for a prospectus, and, if available, a summary prospectus.

7 As of September 0, 0 Category: Target Date Target-date portfolios provide a diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 06-00) for retirement or another goal. These portfolios aim to provide investors with an optimal level of return and risk, based solely on the target date. Over time, management adjusts the allocation among asset classes to more conservative mixes as the target date approaches. The investment seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a set of underlying T. Rowe Price mutual funds representing various asset classes and sectors. Its allocation between T. Rowe Price stock and bond funds will change over time in relation to its target retirement date. It normally invests 7% in stocks and 8% in bonds. While the investment is non-diversified, it invests in diversified holdings. The target date in a target date fund is the approximate date an investor plans to start withdrawing money. The funds generally shift to a more conservative investment mix over time. Earnings and principal value are not guaranteed at any time including the target date. and mid-cap stocks are often more volatile than large-cap stocks. Growth stocks may be more volatile than other stocks because they are generally more sensitive to investor perceptions and market moves. The principal risk of investing in value funds is that the price of the security may not approach its anticipated value. Foreign securities can be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, political and economic instability, less publicly available information, and changes in tax or currency laws or monetary policy. These risks are likely to be greater for emerging markets than in developed markets. Funds that invest in bonds are subject to interest rate risk and can lose principal value when interest rates rise. b- fee: 0.5% Expense Ratio (gross) **: 0.94% of fund assets Trading Blackout Holding Period: 0 Days Trading Blackout Min Amount: $0.00 Fund Date: 0//00 Total Fund Assets($mil): 8.07 PARBX Jerome A. Clark Management Company: T. Rowe Price Associates, Inc.. Telephone: T. Rowe Price Retirement 00 Fund (Advisor Class) Portfolio Snapshot as of 06/0/0 ^ Cash 4.4 Stocks* 70.4 Bonds 4.4 Other.0 *Foreign Stock 8.7 Industry Sectors as of 06/0/0 ^ Cyclical 7.80 Basic Materials 7.46 Consumer Cyclical.98 Financial Services 5.05 Real Estate. Defensive 8.8 Consumer Defensive 6.87 Healthcare 8.7 Utilities. Sensitive 4.40 Communication Services 4.48 Energy 0.58 Industrials 4.0 Technology 4. Total Number of Stock Holdings 0 Annual Turnover Ratio % 5 Top Ten Holdings as of 06/0/0 ^ T. Rowe Price Equity Index T. Rowe Price New Income 5.79 T. Rowe Price Growth Stock.4 T. Rowe Price Value.8 T. Rowe Price International Stock Fd 4. T. Rowe Price Overseas Stock.99 T. Rowe Price Intl Gr & Inc.96 T. Rowe Price Real Assets. T. Rowe Price High-Yield.06 T. Rowe Price Inflation Focused Bond.0 Balanced/Asset Allocation Investment Overall Year 5 Year Out of 76 Target Date Funds Out of 76 Target Date Funds Out of 99 Target Date Funds emphasis on downward variations and rewarding consistent performance. The top 0% of funds in each category receive five stars, then next.5% receive four stars, the middle 5% receive three stars, the next.5% receive two stars, and the bottom 0% receive one star. The Overall Morningstar three-, five- and 0-year (if applicable) Morningstar Rating metrics. Average Annual Total Returns as of 09/0/0 YTD Year Year 5Year 0Year Since T. Rowe Price Retirement % -.% 4.%.% % Target Date Average S&P 500 Index mylife.newyorklife.com or call a New York Life representative at (800) Hypothetical Growth of $0,000 6,000 4,000,000 0,000 8,000 T. Rowe Price Retirement 00 $ 4,47 S&P 500 Index $,60 9/04 9/05 9/06 9/07 9/08 9/09 9/0 9/ Best -month Period Mar. 09-May % Worst -month Period Sep. 08-Nov % Low Moderate High This investment has shown a relatively moderate range of price fluctuations in the past. For this reason, it currently lands in the middle third of all investments with records of at least three years. However, this investment may experience larger or smaller price declines or price increases depending on market conditions. To offset some of the investment s risk, investors may wish to own investments with different portfolio makeups or investment strategies. Target Date Average is the average annual total return of the universe of mutual funds designated by Morningstar, Inc. as comprising the Morningstar Target Date category. S&P 500 Index TR: S&P 500 is a trademark of The McGraw-Hill Companies, Inc. The S&P 500 is an unmanaged index and is widely regarded as the standard for measuring large-cap U.S. stock market performance. Results assume the reinvestment of all capital gain and dividend distributions. An investment cannot be made Fund data, Style Box and Rating 0 Morningstar, Inc. All Rights reserved. This information: () is proprietary to Morningstar and/or its content providers; () may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible Securities distributed by NYLIFE Distributors LLC, 69 Lackawanna Avenue, Parsippany NJ, Please log onto mylife.newyorklife.com or call a New York Life representative at (800) for a prospectus, and, if available, a summary prospectus.

8 As of September 0, 0 Category: Target Date Target-date portfolios provide a diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 06-00) for retirement or another goal. These portfolios aim to provide investors with an optimal level of return and risk, based solely on the target date. Over time, management adjusts the allocation among asset classes to more conservative mixes as the target date approaches. The investment seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a set of underlying T. Rowe Price mutual funds representing various asset classes and sectors. It normally invests 85% in stocks and 5% in bonds. The fund s allocation between T. Rowe Price stock and bond funds will change over time in relation to its target retirement date. While the investment is non-diversified, it invests in diversified holdings. The target date in a target date fund is the approximate date an investor plans to start withdrawing money. The funds generally shift to a more conservative investment mix over time. Earnings and principal value are not guaranteed at any time including the target date. and mid-cap stocks are often more volatile than large-cap stocks. Growth stocks may be more volatile than other stocks because they are generally more sensitive to investor perceptions and market moves. The principal risk of investing in value funds is that the price of the security may not approach its anticipated value. Foreign securities can be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, political and economic instability, less publicly available information, and changes in tax or currency laws or monetary policy. These risks are likely to be greater for emerging markets than in developed markets. Funds that invest in bonds are subject to interest rate risk and can lose principal value when interest rates rise. b- fee: 0.5% Expense Ratio (gross) **: 0.99% of fund assets Trading Blackout Holding Period: 0 Days Trading Blackout Min Amount: $0.00 Fund Date: 0//00 Total Fund Assets($mil): PARCX Jerome A. Clark Management Company: T. Rowe Price Associates, Inc.. Telephone: T. Rowe Price Retirement 00 Fund (Advisor Class) Portfolio Snapshot as of 06/0/0 ^ Cash.0 Stocks* 8.0 Bonds.87 Other.0 *Foreign Stock.04 Industry Sectors as of 06/0/0 ^ Cyclical 8.58 Basic Materials 7.68 Consumer Cyclical.5 Financial Services 5.9 Real Estate.8 Defensive 7.76 Consumer Defensive 6.07 Healthcare 8.50 Utilities.9 Sensitive 4.66 Communication Services 4.5 Energy 0.9 Industrials 4. Technology 4.44 Total Number of Stock Holdings 0 Annual Turnover Ratio % 6 Top Ten Holdings as of 06/0/0 ^ T. Rowe Price Growth Stock 0.40 T. Rowe Price Value 0.4 T. Rowe Price Equity Index T. Rowe Price New Income 9.8 T. Rowe Price International Stock Fd 5.6 T. Rowe Price Overseas Stock 4.79 T. Rowe Price Intl Gr & Inc 4.78 T. Rowe Price Real Assets.88 T. Rowe Price Mid-Cap Value.5 T. Rowe Price Mid-Cap Growth.50 Balanced/Asset Allocation Investment Overall Year 5 Year Out of 76 Target Date Funds Out of 76 Target Date Funds Out of 99 Target Date Funds emphasis on downward variations and rewarding consistent performance. The top 0% of funds in each category receive five stars, then next.5% receive four stars, the middle 5% receive three stars, the next.5% receive two stars, and the bottom 0% receive one star. The Overall Morningstar three-, five- and 0-year (if applicable) Morningstar Rating metrics. Average Annual Total Returns as of 09/0/0 YTD Year Year 5Year 0Year Since T. Rowe Price Retirement % -.47%.9% 0.7% % Target Date Average S&P 500 Index mylife.newyorklife.com or call a New York Life representative at (800) Hypothetical Growth of $0,000 5,000 0,000 T. Rowe Price Retirement 00 $ 4,97 S&P 500 Index $,60 9/04 9/05 9/06 9/07 9/08 9/09 9/0 9/ Best -month Period Mar. 09-May % Worst -month Period Sep. 08-Nov % Low Moderate High This investment has shown a relatively moderate range of price fluctuations in the past. For this reason, it currently lands in the middle third of all investments with records of at least three years. However, this investment may experience larger or smaller price declines or price increases depending on market conditions. To offset some of the investment s risk, investors may wish to own investments with different portfolio makeups or investment strategies. Target Date Average is the average annual total return of the universe of mutual funds designated by Morningstar, Inc. as comprising the Morningstar Target Date category. S&P 500 Index TR: S&P 500 is a trademark of The McGraw-Hill Companies, Inc. The S&P 500 is an unmanaged index and is widely regarded as the standard for measuring large-cap U.S. stock market performance. Results assume the reinvestment of all capital gain and dividend distributions. An investment cannot be made Fund data, Style Box and Rating 0 Morningstar, Inc. All Rights reserved. This information: () is proprietary to Morningstar and/or its content providers; () may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible Securities distributed by NYLIFE Distributors LLC, 69 Lackawanna Avenue, Parsippany NJ, Please log onto mylife.newyorklife.com or call a New York Life representative at (800) for a prospectus, and, if available, a summary prospectus.

9 As of September 0, 0 Category: Target Date Target-date portfolios provide a diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years ) for retirement or another goal. These portfolios aim to provide investors with an optimal level of return and risk, based solely on the target date. Over time, management adjusts the allocation among asset classes to more conservative mixes as the target date approaches. The investment seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a set of underlying T. Rowe Price mutual funds representing various asset classes and sectors. Its allocation between T. Rowe Price stock and bond funds will change over time in relation to its target retirement date. It normally invests 90% in stocks and 0% in bonds. While the investment is non-diversified, it invests in diversified holdings. The target date in a target date fund is the approximate date an investor plans to start withdrawing money. The funds generally shift to a more conservative investment mix over time. Earnings and principal value are not guaranteed at any time including the target date. and mid-cap stocks are often more volatile than large-cap stocks. Growth stocks may be more volatile than other stocks because they are generally more sensitive to investor perceptions and market moves. The principal risk of investing in value funds is that the price of the security may not approach its anticipated value. Foreign securities can be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, political and economic instability, less publicly available information, and changes in tax or currency laws or monetary policy. These risks are likely to be greater for emerging markets than in developed markets. Funds that invest in bonds are subject to interest rate risk and can lose principal value when interest rates rise. b- fee: 0.5% Expense Ratio (gross) **:.0% of fund assets Trading Blackout Holding Period: 0 Days Trading Blackout Min Amount: $0.00 Fund Date: 0//00 Total Fund Assets($mil): PARDX Jerome A. Clark Management Company: T. Rowe Price Associates, Inc.. Telephone: T. Rowe Price Retirement 040 Fund (Advisor Class) Portfolio Snapshot as of 06/0/0 ^ Cash.94 Stocks* 88.6 Bonds 7.6 Other.06 *Foreign Stock 4.9 Industry Sectors as of 06/0/0 ^ Cyclical 9.0 Basic Materials 7.55 Consumer Cyclical.99 Financial Services 5.44 Real Estate. Defensive 6.8 Consumer Defensive 5.65 Healthcare 8. Utilities.04 Sensitive Communication Services 4.7 Energy 0.8 Industrials 4.87 Technology 4.0 Total Number of Stock Holdings 0 Annual Turnover Ratio % 5 Top Ten Holdings as of 06/0/0 ^ T. Rowe Price Growth Stock.6 T. Rowe Price Value.6 T. Rowe Price Equity Index T. Rowe Price International Stock Fd 5.54 T. Rowe Price New Income 5.4 T. Rowe Price Overseas Stock 5.5 T. Rowe Price Intl Gr & Inc 5. T. Rowe Price Real Assets 4.4 T. Rowe Price Mid-Cap Value.77 T. Rowe Price Mid-Cap Growth.74 Balanced/Asset Allocation Investment Overall Year 5 Year Out of 70 Target Date Funds Out of 70 Target Date Funds Out of 9 Target Date Funds emphasis on downward variations and rewarding consistent performance. The top 0% of funds in each category receive five stars, then next.5% receive four stars, the middle 5% receive three stars, the next.5% receive two stars, and the bottom 0% receive one star. The Overall Morningstar three-, five- and 0-year (if applicable) Morningstar Rating metrics. Average Annual Total Returns as of 09/0/0 YTD Year Year 5Year 0Year Since T. Rowe Price Retirement % -.0%.05% -0.7% % Target Date Average S&P 500 Index mylife.newyorklife.com or call a New York Life representative at (800) Hypothetical Growth of $0,000 5,000 0,000 T. Rowe Price Retirement 040 $ 4,07 S&P 500 Index $,60 9/04 9/05 9/06 9/07 9/08 9/09 9/0 9/ Best -month Period Mar. 09-May % Worst -month Period Sep. 08-Nov % Low Moderate High This investment has shown a relatively moderate range of price fluctuations in the past. For this reason, it currently lands in the middle third of all investments with records of at least three years. However, this investment may experience larger or smaller price declines or price increases depending on market conditions. To offset some of the investment s risk, investors may wish to own investments with different portfolio makeups or investment strategies. Target Date Average is the average annual total return of the universe of mutual funds designated by Morningstar, Inc. as comprising the Morningstar Target Date category. S&P 500 Index TR: S&P 500 is a trademark of The McGraw-Hill Companies, Inc. The S&P 500 is an unmanaged index and is widely regarded as the standard for measuring large-cap U.S. stock market performance. Results assume the reinvestment of all capital gain and dividend distributions. An investment cannot be made Fund data, Style Box and Rating 0 Morningstar, Inc. All Rights reserved. This information: () is proprietary to Morningstar and/or its content providers; () may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible Securities distributed by NYLIFE Distributors LLC, 69 Lackawanna Avenue, Parsippany NJ, Please log onto mylife.newyorklife.com or call a New York Life representative at (800) for a prospectus, and, if available, a summary prospectus.

10 As of September 0, 0 Category: Target Date 050+ Target-date portfolios provide a diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 050 and beyond) for retirement or another goal. These portfolios aim to provide investors with an optimal level of return and risk, based solely on the target date. Over time, management adjusts the allocation among asset classes to more conservative mixes as the target date approaches. The investment seeks the highest total return over time consistent with an emphasis on both capital growth and income. The fund invests in a set of underlying T. Rowe Price mutual funds representing various asset classes and sectors. Its allocation between T. Rowe Price stock and bond funds will change over time in relation to its target retirement date. It normally invests 90% in stocks and 0% in bonds. While the investment is non-diversified, it invests in diversified holdings. The target date in a target date fund is the approximate date an investor plans to start withdrawing money. The funds generally shift to a more conservative investment mix over time. Earnings and principal value are not guaranteed at any time including the target date. and mid-cap stocks are often more volatile than large-cap stocks. Growth stocks may be more volatile than other stocks because they are generally more sensitive to investor perceptions and market moves. The principal risk of investing in value funds is that the price of the security may not approach its anticipated value. Foreign securities can be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, political and economic instability, less publicly available information, and changes in tax or currency laws or monetary policy. These risks are likely to be greater for emerging markets than in developed markets. Funds that invest in bonds are subject to interest rate risk and can lose principal value when interest rates rise. b- fee: 0.5% Expense Ratio (gross) **:.0% of fund assets Trading Blackout Holding Period: 0 Days Trading Blackout Min Amount: $0.00 Fund Date: /9/006 Total Fund Assets($mil): 0.56 PARFX Jerome A. Clark Management Company: T. Rowe Price Associates, Inc.. Telephone: T. Rowe Price Retirement 050 Fund (Advisor Class) Portfolio Snapshot as of 06/0/0 ^ Cash.6 Stocks* Bonds 7.54 Other.05 *Foreign Stock 4.86 Industry Sectors as of 06/0/0 ^ Cyclical 9. Basic Materials 7.55 Consumer Cyclical.0 Financial Services 5.4 Real Estate. Defensive 6.79 Consumer Defensive 5.65 Healthcare 8. Utilities.0 Sensitive Communication Services 4.7 Energy 0.80 Industrials 4.87 Technology 4.04 Total Number of Stock Holdings 0 Annual Turnover Ratio % Top Ten Holdings as of 06/0/0 ^ T. Rowe Price Growth Stock.60 T. Rowe Price Value.08 T. Rowe Price Equity Index T. Rowe Price New Income 5.56 T. Rowe Price International Stock Fd 5.5 T. Rowe Price Overseas Stock 5.6 T. Rowe Price Intl Gr & Inc 5. T. Rowe Price Real Assets 4. T. Rowe Price Mid-Cap Value.74 T. Rowe Price Mid-Cap Growth.68 Balanced/Asset Allocation Investment Overall Year Out of 4 Target Date 050+ Funds Out of 4 Target Date 050+ Funds emphasis on downward variations and rewarding consistent performance. The top 0% of funds in each category receive five stars, then next.5% receive four stars, the middle 5% receive three stars, the next.5% receive two stars, and the bottom 0% receive one star. The Overall Morningstar three-, five- and 0-year (if applicable) Morningstar Rating metrics. Average Annual Total Returns as of 09/0/0 YTD Year Year 5Year 0Year Since T. Rowe Price Retirement % -.9%.06% % Target Date 050+ Average S&P 500 Index mylife.newyorklife.com or call a New York Life representative at (800) Hypothetical Growth of $0,000,000 0,000 8,000 6,000 T. Rowe Price Retirement 050 $ 9,40 S&P 500 Index $ 8,8 9/07 9/08 9/09 9/0 9/ Best -month Period Mar. 09-May % Worst -month Period Sep. 08-Nov % Low Moderate High This investment has shown a relatively moderate range of price fluctuations in the past. For this reason, it currently lands in the middle third of all investments with records of at least three years. However, this investment may experience larger or smaller price declines or price increases depending on market conditions. To offset some of the investment s risk, investors may wish to own investments with different portfolio makeups or investment strategies. Target Date 050+ Average is the average annual total return of the universe of mutual funds designated by Morningstar, Inc. as comprising the Morningstar Target Date 050+ category. S&P 500 Index TR: S&P 500 is a trademark of The McGraw-Hill Companies, Inc. The S&P 500 is an unmanaged index and is widely regarded as the standard for measuring large-cap U.S. stock market performance. Results assume the reinvestment of all capital gain and dividend distributions. An investment cannot be made Fund data, Style Box and Rating 0 Morningstar, Inc. All Rights reserved. This information: () is proprietary to Morningstar and/or its content providers; () may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible Securities distributed by NYLIFE Distributors LLC, 69 Lackawanna Avenue, Parsippany NJ, Please log onto mylife.newyorklife.com or call a New York Life representative at (800) for a prospectus, and, if available, a summary prospectus.

11 As of September 0, 0 Category: Moderate Allocation Moderate-allocation funds seek to provide both capital appreciation and income by investing in three major areas: stocks, bonds, and cash. These funds tend to hold larger positions in stocks than conservative-allocation funds. These funds typically have 50% to 70% of assets in equities and the remainder in fixed income and cash. The investment seeks the highest possible income; long-term growth of capital is a secondary consideration. The fund invests primarily in income-producing equity instruments (including common stocks, preferred stocks and convertible securities) and investment-grade quality debt securities. It invests at least 65% of total assets in income-producing equity securities. The fund may invest up to 5% of total assets in securities of foreign issuers and may invest up to 5% of total assets in real estate investment trusts. Funds that invest in bonds are subject to interest-rate risk and can lose principal value when interest rates rise. High-yield securities ("junk bonds") are generally considered speculative because they present a greater risk of loss than higher-quality debt securities; these securities may also be subject to greater price volatility. An investment in real estate securities is subject to greater price volatility and the special risks associated with investments in such funds. Derivatives may increase the volatility of a fund s net asset value and may result in a loss to a fund. b- fee: 0.5% Expense Ratio (gross) **: 0.78% of fund assets Fund Date: 08/0/960 Total Fund Assets($mil): ACEIX Chuck Burge Mark Laskin Mary Jayne Maly Thomas Bastian Sergio Marcheli Management Company: Invesco Advisers, Inc.. Telephone: Invesco Van Kampen Equity and Income Fund (Class A) Portfolio Snapshot as of 06/0/0 ^ Cash 4.44 Stocks* 64.8 Bonds 7.4 Other.8 *Foreign Stock 4.7 Industry Sectors as of 06/0/0 ^ Cyclical.96 Basic Materials.5 Consumer Cyclical 8.0 Financial Services 4.4 Real Estate 0.00 Defensive 6.87 Consumer Defensive.8 Healthcare.8 Utilities 4. Sensitive 9.7 Communication Services 6.6 Energy.7 Industrials 9.89 Technology 8.94 Total Number of Stock Holdings 79 Total Number of Bond Holdings 78 Annual Turnover Ratio % 4 Top Ten Holdings as of 06/0/0 ^ JPMorgan Chase & Co.99 General Electric Co.66 US Treasury Note (Fut). Marsh & McLennan Companies, Inc..0 US Treasury Note.75%.00 Invesco Treasurer s Ser Tr Prem Instl.95 Invesco Short Term Inv Liq Assets Instl.95 UnitedHealth Group Inc.66 Anadarko Petroleum Corp.64 Pfizer Inc.64 Balanced/Asset Allocation Investment Overall Year 5 Year 0 Year 4 Out of 847 Moderate Allocation Funds Out of 847 Moderate Allocation Funds Out of 7 Moderate Allocation Funds 4 Out of 86 Moderate Allocation Funds emphasis on downward variations and rewarding consistent performance. The top 0% of funds in each category receive five stars, then next.5% receive four stars, the middle 5% receive three stars, the next.5% receive two stars, and the bottom 0% receive one star. The Overall Morningstar three-, five- and 0-year (if applicable) Morningstar Rating metrics. Average Annual Total Returns as of 09/0/0 YTD Year Year 5Year 0Year Since Invesco Van Kampen Equity and -9.5% -.45%.4% 0.50% 4.58% -- Moderate Allocation Average Russell 000 Value Index mylife.newyorklife.com or call a New York Life representative at (800) Hypothetical Growth of $0,000 5,000 0,000 Invesco Van Kampen Equity and $ 4,59 Russell 000 Value Index $,0 9/0 9/0 9/0 9/04 9/05 9/06 9/07 9/08 9/09 9/0 9/ Best -month Period Mar. 09-May % Worst -month Period Sep. 08-Nov % This investment has shown a relatively moderate range of price fluctuations in the past. For this reason, it currently lands in the middle third of all investments with records of at least three years. However, this investment may experience larger or smaller price declines or price increases depending on market conditions. To offset some of the investment s risk, investors may wish to own investments with different portfolio makeups or investment strategies. Moderate Allocation Average is the average annual total return of the universe of mutual funds designated by Morningstar, Inc. as comprising the Morningstar Moderate Allocation category. Russell 000 Value Index: The Russell 000 Value Index is an unmanaged index that measures the performance of those Russell 000 companies with lower price-tobook ratios and lower forecasted growth values. Results assume the reinvestment of all capital gain and dividend distributions. An investment cannot be made Fund data, Style Box and Rating 0 Morningstar, Inc. All Rights reserved. This information: () is proprietary to Morningstar and/or its content providers; () may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible Securities distributed by NYLIFE Distributors LLC, 69 Lackawanna Avenue, Parsippany NJ, Please log onto mylife.newyorklife.com or call a New York Life representative at (800) for a prospectus, and, if available, a summary prospectus.

12 As of September 0, 0 Category: Value -value funds focus on big companies that are less expensive or growing more slowly than other large-cap stocks. These funds often feature investments in energy, financial, or manufacturing sectors. The investment seeks capital appreciation; current income is secondary. The fund invests at least 80% of net assets (plus any borrowings for investment purposes) in U.S. traded equity securities of large cap companies. U.S. traded equity securities may include listed American Depositary Receipts ("ADRs"). It targets companies with market capitalizations similar to those of companies in the Russell 000fi Value Index. Equity funds are subject generally to market, market sector, market liquidity, issuer, and investment style risks, among other factors, to varying degrees. Companies that issue value securities may have experienced adverse business developments or may be subject to special risks that have caused their securities to be out of favor. If a portfolio manager s assessment of a company s prospects is wrong, or if the market does not recognize the value of the company, the price of its securities may decline or may not approach the value that the portfolio manager anticipates. Expense Ratio (gross) **: 0.8% of fund assets Fund Date: 0//99 Total Fund Assets($mil): STVTX Mills Riddick Management Company: Ridgeworth Capital Management, Inc.. Telephone: RidgeWorth Cap Value Equity Fund (I Shares) Portfolio Snapshot as of 08//0 ^ Cash 9.5 Stocks* Bonds 0.00 Other 0.00 *Foreign Stock.9 Industry Sectors as of 08//0 ^ Cyclical 9.00 Basic Materials.89 Consumer Cyclical 5. Financial Services 9.79 Real Estate 0.00 Defensive 6.0 Consumer Defensive 8. Healthcare.07 Utilities 4.90 Sensitive Communication Services 6.0 Energy.00 Industrials 7.57 Technology 8.0 Total Number of Stock Holdings 6 Annual Turnover Ratio % 4 Top Ten Holdings as of 08//0 ^ ConocoPhillips.5 Pfizer Inc.46 Wells Fargo & Co.45 AT&T Inc.44 PPL Corp.4 Stock Investment Overall Year 5 Year 0 Year 4 Out of 4 Value Funds Out of 4 Value Funds Out of 964 Value Funds 4 Out of 545 Value Funds emphasis on downward variations and rewarding consistent performance. The top 0% of funds in each category receive five stars, then next.5% receive four stars, the middle 5% receive three stars, the next.5% receive two stars, and the bottom 0% receive one star. The Overall Morningstar three-, five- and 0-year (if applicable) Morningstar Rating metrics. Average Annual Total Returns as of 09/0/0 YTD Year Year 5Year 0Year Since RidgeWorth Cap Value Equ -.08% -.%.7% -0.65% 4.09% -- Value Average Russell 000 Value Index mylife.newyorklife.com or call a New York Life representative at (800) Hypothetical Growth of $0,000 5,000 RidgeWorth Cap Value Equ $,60 Russell 000 Value Index $,0 JPMorgan Chase & Co.40 0,000 Emerson Electric Co..7 Johnson & Johnson.5 Occidental Petroleum Corporation.4 Lowe s Companies Inc..0 9/0 9/0 9/0 9/04 9/05 9/06 9/07 9/08 9/09 9/0 9/ Best -month Period Mar. 09-May % Worst -month Period Sep. 08-Nov % This investment has shown a relatively moderate range of price fluctuations in the past. For this reason, it currently lands in the middle third of all investments with records of at least three years. However, this investment may experience larger or smaller price declines or price increases depending on market conditions. To offset some of the investment s risk, investors may wish to own investments with different portfolio makeups or investment strategies. Value Average is the average annual total return of the universe of mutual funds designated by Morningstar, Inc. as comprising the Morningstar Value category. Russell 000 Value Index: The Russell 000 Value Index is an unmanaged index that measures the performance of those Russell 000 companies with lower price-tobook ratios and lower forecasted growth values. Results assume the reinvestment of all capital gain and dividend distributions. An investment cannot be made Fund data, Style Box and Rating 0 Morningstar, Inc. All Rights reserved. This information: () is proprietary to Morningstar and/or its content providers; () may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible Securities distributed by NYLIFE Distributors LLC, 69 Lackawanna Avenue, Parsippany NJ, Please log onto mylife.newyorklife.com or call a New York Life representative at (800) for a prospectus, and, if available, a summary prospectus.

13 As of September 0, 0 Category: Blend -blend funds have portfolios that are fairly representative of the overall stock market in both size, growth rates, and price. They tend to invest across the spectrum of U.S. industries and owing to their broad exposure, the funds returns are often similar to those of the S&P 500 Index. The investment seeks to match the performance of the S&P 500 Indexfi. The fund seeks to match the performance of the S&P 500 Index by using a full replication strategy. This involves investing substantially all of its assets in all of the stocks in the S&P 500 Index. The fund attempts to maintain holdings of each stock in proportion to its weight in the index. Equity funds are subject generally to market, market sector, market liquidity, issuer, and investment style risks, among other factors, to varying degrees. Unlike other funds, which generally seek to "beat" the market, Index Funds seek to match their respective indices. It is not possible to invest in an index. Expense Ratio (gross) **: 0.7% of fund assets Redemption Fee: 0.500% Redemption Fee Holding Period: 90 Days Redemption Fee Effective Date: 09/0/0 Trading Blackout Holding Period: 0 Days Trading Blackout Min Amount: $0.00 Trading Blackout Effective Date: 09/0/0 Fund Date: 0/0/990 Total Fund Assets($mil): 64.5 PREIX Ken D. Uematsu E. Frederick Bair Management Company: T. Rowe Price Associates, Inc.. Telephone: T. Rowe Price Equity Index 500 Fund Portfolio Snapshot as of 06/0/0 ^ Cash.64 Stocks* 97.8 Bonds 0.00 Other 0.56 *Foreign Stock 0.08 Industry Sectors as of 06/0/0 ^ Cyclical 8.4 Basic Materials.47 Consumer Cyclical 9.7 Financial Services 4.05 Real Estate.7 Defensive 5.50 Consumer Defensive 0.9 Healthcare.5 Utilities.4 Sensitive Communication Services 4.8 Energy.5 Industrials.55 Technology 6.6 Total Number of Stock Holdings 498 Annual Turnover Ratio % 8 Top Ten Holdings as of 06/0/0 ^ Exxon Mobil Corporation.8 Apple, Inc..54 Chevron Corp.69 International Business Machines Corp.69 General Electric Co.6 Stock Investment Overall Year 5 Year 0 Year 4 Out of 65 Blend Funds Out of 65 Blend Funds Out of 408 Blend Funds 4 Out of 8 Blend Funds emphasis on downward variations and rewarding consistent performance. The top 0% of funds in each category receive five stars, then next.5% receive four stars, the middle 5% receive three stars, the next.5% receive two stars, and the bottom 0% receive one star. The Overall Morningstar three-, five- and 0-year (if applicable) Morningstar Rating metrics. Average Annual Total Returns as of 09/0/0 YTD Year Year 5Year 0Year Since T. Rowe Price Equity Index % 0.88%.0% -.40%.56% -- Blend Average S&P 500 Index mylife.newyorklife.com or call a New York Life representative at (800) Hypothetical Growth of $0,000 4,000,000 0,000 T. Rowe Price Equity Index 500 $ 0,6 S&P 500 Index $ 0,508 Microsoft Corporation.58 8,000 AT&T Inc.5 Johnson & Johnson.49 6,000 Reserve Invt-SBI.46 Procter & Gamble Company.45 9/0 9/0 9/0 9/04 9/05 9/06 9/07 9/08 9/09 9/0 9/ Best -month Period Mar. 09-May % Worst -month Period Sep. 08-Nov % This investment has shown a relatively moderate range of price fluctuations in the past. For this reason, it currently lands in the middle third of all investments with records of at least three years. However, this investment may experience larger or smaller price declines or price increases depending on market conditions. To offset some of the investment s risk, investors may wish to own investments with different portfolio makeups or investment strategies. Blend Average is the average annual total return of the universe of mutual funds designated by Morningstar, Inc. as comprising the Morningstar Blend category. S&P 500 Index TR: S&P 500 is a trademark of The McGraw-Hill Companies, Inc. The S&P 500 is an unmanaged index and is widely regarded as the standard for measuring large-cap U.S. stock market performance. Results assume the reinvestment of all capital gain and dividend distributions. An investment cannot be made Fund data, Style Box and Rating 0 Morningstar, Inc. All Rights reserved. This information: () is proprietary to Morningstar and/or its content providers; () may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible Securities distributed by NYLIFE Distributors LLC, 69 Lackawanna Avenue, Parsippany NJ, Please log onto mylife.newyorklife.com or call a New York Life representative at (800) for a prospectus, and, if available, a summary prospectus.

14 As of September 0, 0 Category: Mid-Cap Value Some mid-cap value funds focus on mediumsize companies while others land here because they own a mix of small-, mid-, and large-cap stocks. All look for stocks that are less expensive or growing more slowly than the market. Many of their holdings come from financial, energy, and manufacturing sectors. The investment seeks long-term growth of capital. The fund invests primarily in a diversified portfolio of equity securities of small- to mid-capitalization U.S. companies, generally representing 60 to 5 companies. It normally invests at least 80% of net assets in securities of small- to mid-capitalization companies, which, at the time of investment, fall within the capitalization range between the smallest company in the Russell 500(TM) Value Index and the greater of $5 billion or the market capitalization of the largest company in the Russell 500(TM) Value Index. Mid-capitalization companies are generally less established and their stocks may be more volatile and less liquid than the securities of larger companies. Stocks of small companies may be subject to higher price volatility and small companies may be more vulnerable to adverse business or market developments than larger, more establishedcompanies.companiesthatissue value securities may have experienced adverse business developments or may be subject to special risks that have caused their securities to be out of favor. If a portfolio manager s assessment of a company s prospects is wrong, or if the market does not recognize the value of the company, the price of its securities may decline or may not approach the value that the portfolio manager anticipates. Foreign securities may be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, and political and economic instability. These risks are likely to be greater for emerging markets than for developedmarkets. Derivativesmayincrease the volatility of a fund s net asset value and may result in a loss to a fund. b- fee: 0.5% Expense Ratio (gross) **:.0% of fund assets Fund Date: 0/0/005 Total Fund Assets($mil): 4.4 ABSKX Joseph G. Paul James MacGregor Andrew Weiner Management Company: AllianceBernstein LP. Telephone: AllianceBernstein -Mid Cap Value Fund (Class K) Portfolio Snapshot as of 07//0 ^ Cash 0.00 Stocks* Bonds 0.5 Other.8 *Foreign Stock.6 Industry Sectors as of 07//0 ^ Cyclical 5.75 Basic Materials 6.99 Consumer Cyclical 7.4 Financial Services 8.0 Real Estate 9.50 Defensive 9.8 Consumer Defensive 7.04 Healthcare 4.00 Utilities 8.78 Sensitive 8.4 Communication Services 0.00 Energy 8.46 Industrials 7. Technology.7 Total Number of Stock Holdings 98 Total Number of Bond Holdings Annual Turnover Ratio % 57 Top Ten Holdings as of 07//0 ^ The Jones Group Inc.45 BRE Properties, Inc..40 Constellation Brands Inc. A.8 Camden Property Trust.7 NV Energy Inc.5 PolyOne Corporation.5 CapitalSource Inc.5 Big Lots, Inc.. Platinum Underwriters Holdings, Ltd.. Portland General Electric Company. Stock Investment Overall Year 5 Year Out of 54 Mid-Cap Value Funds Out of 54 Mid-Cap Value Funds Out of 94 Mid-Cap Value Funds emphasis on downward variations and rewarding consistent performance. The top 0% of funds in each category receive five stars, then next.5% receive four stars, the middle 5% receive three stars, the next.5% receive two stars, and the bottom 0% receive one star. The Overall Morningstar three-, five- and 0-year (if applicable) Morningstar Rating metrics. Average Annual Total Returns as of 09/0/0 YTD Year Year 5Year 0Year Since AllianceBern -Mid Cap Val -0.0% -8.5%.0% 0.8% --.% Mid-Cap Value Average Russell 000 Value Index mylife.newyorklife.com or call a New York Life representative at (800) Hypothetical Growth of $0,000 5,000 0,000 AllianceBern -Mid Cap Val $,94 Russell 000 Value Index $ 0,56 9/05 9/06 9/07 9/08 9/09 9/0 9/ Best -month Period Mar. 09-May % Worst -month Period Sep. 08-Nov % In the past, this investment has shown a wide range of price fluctuations relative to other investments. This investment may experience significant price increases in favorable markets or undergo large price declines in adverse markets. Some of this risk may be offset by owning other investments that follow different investment strategies. Mid-Cap Value Average is the average annual total return of the universe of mutual funds designated by Morningstar, Inc. as comprising the Morningstar Mid-Cap Value category. Russell 000 Value Index: The Russell 000 Value Index is an unmanaged index that measures the performance of those Russell 000 companies with lower price-tobook ratios and lower forecasted growth values. Results assume the reinvestment of all capital gain and dividend distributions. An investment cannot be made Fund data, Style Box and Rating 0 Morningstar, Inc. All Rights reserved. This information: () is proprietary to Morningstar and/or its content providers; () may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible Securities distributed by NYLIFE Distributors LLC, 69 Lackawanna Avenue, Parsippany NJ, Please log onto mylife.newyorklife.com or call a New York Life representative at (800) for a prospectus, and, if available, a summary prospectus.

15 As of September 0, 0 Category: Mid-Cap Growth Some mid-cap growth funds invest in stocks of all sizes, thus leading to a mid-cap profile, but others focus on midsize companies. Mid-cap growth funds target firms that are projected to grow faster than other mid-cap stocks, therefore commanding relatively higher prices. Many of these stocks are found in the volatile technology, health-care, and services sectors. The investment seeks long-term capital growth. The fund normally invests at least 80% of net assets in equity securities of small-cap and mid-cap companies. cap companies are companies within the market capitalization range of companies in the Russell 500 Index and mid-cap companies are companies within the market capitalization range of companies in the Russell Midcapfi Index. It invests predominantly in equity securities, primarily in common stock. The fund, from time to time, may have significant positions in particular sectors such as technology. Mid-capitalization companies are generally less established and their stocks may be more volatile and less liquid than the securities of larger companies. Stocks of small companies may be subject to higher price volatility and small companies may be more vulnerable to adverse business or market developments than larger, more established companies. The fund includes investments in the technology sector, which has been highly volatile and involves special risks. b- fee: 0.5% Expense Ratio (gross) **:.0% of fund assets Fund Date: 0/4/99 Total Fund Assets($mil): 0.87 FRSGX James Cross Michael McCarthy Edward B. Jamieson Management Company: Franklin Advisers, Inc.. Telephone: Franklin -Mid Cap Growth Fund (Class A) Portfolio Snapshot as of 06/0/0 ^ Cash.66 Stocks* 97. Bonds 0.00 Other 0.0 *Foreign Stock 4.57 Industry Sectors as of 06/0/0 ^ Cyclical 9.9 Basic Materials 4.6 Consumer Cyclical 9.9 Financial Services 5.94 Real Estate 0.00 Defensive 6.00 Consumer Defensive 4.7 Healthcare 0.67 Utilities 0.60 Sensitive Communication Services 0.75 Energy 6.9 Industrials 9.64 Technology 7.8 Total Number of Stock Holdings 0 Annual Turnover Ratio % 44 Top Ten Holdings as of 06/0/0 ^ SM Energy Co. Celanese Corporation.9 Ametek, Inc..6 Nuance Communications, Inc..60 Mettler-Toledo International, Inc..59 BorgWarner Inc.55 Waters Corporation.8 Wolverine World Wide.4 Sensata Technologies Holding B.V..9 Agilent Technologies Inc.9 Stock Investment Overall Year 5 Year 0 Year 4 Out of 676 Mid-Cap Growth Funds Out of 676 Mid-Cap Growth Funds Out of 60 Mid-Cap Growth Funds 4 Out of 404 Mid-Cap Growth Funds emphasis on downward variations and rewarding consistent performance. The top 0% of funds in each category receive five stars, then next.5% receive four stars, the middle 5% receive three stars, the next.5% receive two stars, and the bottom 0% receive one star. The Overall Morningstar three-, five- and 0-year (if applicable) Morningstar Rating metrics. Average Annual Total Returns as of 09/0/0 YTD Year Year 5Year 0Year Since Franklin -Mid Cap Growth -5.4% -.68% 4.67%.9% 4.95% -- Mid-Cap Growth Average Russell 500 Growth Index mylife.newyorklife.com or call a New York Life representative at (800) Hypothetical Growth of $0,000 5,000 0,000 5,000 Franklin -Mid Cap Growth $ 0,6 Russell 500 Growth Index $,074 9/0 9/0 9/0 9/04 9/05 9/06 9/07 9/08 9/09 9/0 9/ Best -month Period Oct. 99-Dec % Worst -month Period Sep. 08-Nov % In the past, this investment has shown a wide range of price fluctuations relative to other investments. This investment may experience significant price increases in favorable markets or undergo large price declines in adverse markets. Some of this risk may be offset by owning other investments that follow different investment strategies. Mid-Cap Growth Average is the average annual total return of the universe of mutual funds designated by Morningstar, Inc. as comprising the Morningstar Mid-Cap Growth category. Russell 500 Growth Index: The Russell 500 Growth Index is an unmanaged index that measures the performance of those Russell 500 companies with higher priceto-book ratios and higher forecasted growth values. Results assume the reinvestment of all capital gain and dividend distributions. An investment cannot be made Fund data, Style Box and Rating 0 Morningstar, Inc. All Rights reserved. This information: () is proprietary to Morningstar and/or its content providers; () may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible Securities distributed by NYLIFE Distributors LLC, 69 Lackawanna Avenue, Parsippany NJ, Please log onto mylife.newyorklife.com or call a New York Life representative at (800) for a prospectus, and, if available, a summary prospectus.

16 As of September 0, 0 Category: Growth -growth funds invest in big companies that are projected to grow faster than other large-cap stocks. Most of these funds focus on companies in rapidly expanding industries. The investment seeks long-term growth of capital. The fund invests in companies that have the potential for above-average future earnings growth. It normally invests at least 80% of assets in largecapitalization companies which have a market capitalization in excess of $4.0 billion and generally are improving their financial returns. The fund is permitted to invest up to 0% of net assets in foreign securities. Foreign securities may be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, and political and economic instability. Expense Ratio (gross) **: 0.94% of fund assets Trading Blackout Holding Period: 0 Days Trading Blackout Min Amount: $ Fund Date: 04/0/005 Total Fund Assets($mil): 70.6 MLAIX R. Bart Wear Clark J. Winslow Justin H. Kelly Management Company: New York Life Investment Management LLC. Telephone: MainStay Cap Growth Fund (Class I) Portfolio Snapshot as of 07//0 ^ Cash.90 Stocks* 96. Bonds 0.00 Other 0.00 *Foreign Stock 4. Industry Sectors as of 07//0 ^ Cyclical 9.4 Basic Materials 5.86 Consumer Cyclical 5.4 Financial Services 8. Real Estate 0.00 Defensive 4.09 Consumer Defensive.7 Healthcare 0.6 Utilities 0.00 Sensitive 56.5 Communication Services.75 Energy 9.9 Industrials 4.55 Technology 0.9 Total Number of Stock Holdings 65 Annual Turnover Ratio % 9 Top Ten Holdings as of 07//0 ^ Apple, Inc Qualcomm, Inc..0 Union Pacific Corp.00 Schlumberger NV.9 Amazon.com Inc.84 Visa, Inc..65 Cognizant Technology Solutions Corporati.57 Danaher Corporation.47 EMC Corporation.46 Oracle Corporation.44 Stock Investment Overall Year 5 Year Out of 479 Growth Funds Out of 479 Growth Funds Out of 6 Growth Funds emphasis on downward variations and rewarding consistent performance. The top 0% of funds in each category receive five stars, then next.5% receive four stars, the middle 5% receive three stars, the next.5% receive two stars, and the bottom 0% receive one star. The Overall Morningstar three-, five- and 0-year (if applicable) Morningstar Rating metrics. Average Annual Total Returns as of 09/0/0 YTD Year Year 5Year 0Year Since MainStay Cap Growth I -8.8%.% 4.5%.8% 5.0% -- Growth Average Russell 000 Growth Index mylife.newyorklife.com or call a New York Life representative at (800) Hypothetical Growth of $0,000 6,000 4,000,000 0,000 8,000 MainStay Cap Growth I $,960 Russell 000 Growth Index $,48 9/05 9/06 9/07 9/08 9/09 9/0 9/ Best -month Period Mar. 09-May % Worst -month Period Sep. 08-Nov % Low Moderate High This investment has shown a relatively moderate range of price fluctuations in the past. For this reason, it currently lands in the middle third of all investments with records of at least three years. However, this investment may experience larger or smaller price declines or price increases depending on market conditions. To offset some of the investment s risk, investors may wish to own investments with different portfolio makeups or investment strategies. Growth Average is the average annual total return of the universe of mutual funds designated by Morningstar, Inc. as comprising the Morningstar Growth category. Russell 000 Growth Index: The Russell 000 Growth Index is an unmanaged index that measures the performance of those Russell 000 companies with higher priceto-book ratios and higher forecasted growth values. Results assume the reinvestment of all capital gain and dividend distributions. An investment cannot be made Fund data, Style Box and Rating 0 Morningstar, Inc. All Rights reserved. This information: () is proprietary to Morningstar and/or its content providers; () may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible Securities distributed by NYLIFE Distributors LLC, 69 Lackawanna Avenue, Parsippany NJ, Please log onto mylife.newyorklife.com or call a New York Life representative at (800) for a prospectus, and, if available, a summary prospectus.

17 As of September 0, 0 Category: Foreign Blend Foreign large-blend funds invest in a variety of big international stocks. Most of these funds divide their assets among a dozen or more developed markets, including Japan, Britain, France, and Germany. They tend to invest the rest in emerging markets such as Hong Kong, Brazil, Mexico and Thailand. These funds typically will have less than 0% of assets invested in U.S. stocks. The investment seeks to provide long-term growth of capital. The fund invests primarily in common stocks of issuers in Europe and the Pacific Basin that the investment adviser believes have the potential for growth. Growth stocks are stocks that the investment adviser believes have the potential for aboveaverage capital appreciation. It normally invests at least 80% of net assets in securities of issuers in Europe and the Pacific Basin. The fund may invest a portion of its assets in common stocks and other securities of companies in countries with developing economies and/or markets. Growth investing involves buying stocks that have relatively high price-to-earnings ratios. Growth stocks may be more volatile than other stocks because they are generally more sensitive to investor perceptions and market moves. During periods of growth stock underperformance,afund sperformancemay suffer. Foreign securities may be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, and political and economic instability. These risks are likely to be greater for emerging markets than for developed markets. b- fee: 0.5% Expense Ratio (gross) **: 0.85% of fund assets Trading Blackout Holding Period: 0 Days Trading Blackout Min Amount: $ Fund Date: 06/07/00 Total Fund Assets($mil): REREX Jonathan Knowles Sung Lee Nicholas J. Grace Jesper Lyckeus Stephen E. Bepler Management Company: Capital Research and Management Company. Telephone: American Funds - EuroPacific Growth Fund (Class R4) Portfolio Snapshot as of 06/0/0 ^ Cash 5.6 Stocks* 9.4 Bonds 0.00 Other.4 *Foreign Stock 9.4 Industry Sectors as of 06/0/0 ^ Cyclical Basic Materials 7.77 Consumer Cyclical.9 Financial Services 9.76 Real Estate.4 Defensive. Consumer Defensive 0.0 Healthcare 0. Utilities.00 Sensitive 7.09 Communication Services 9.40 Energy 6.5 Industrials.46 Technology 8.7 Total Number of Stock Holdings 9 Annual Turnover Ratio % Top Ten Holdings as of 06/0/0 ^ Novo Nordisk A/S.5 America Movil SAB de CV ADR L. Novartis AG.8 Softbank Corporation.70 Daimler AG.6 Nestle SA.46 Bayer AG.4 Samsung Electronics Co Ltd.40 HTC Corporation.4 Anheuser-Busch InBev SA.08 Stock Investment Overall Year 5 Year Out of 75 Foreign Blend Funds Out of 75 Foreign Blend Funds Out of 54 Foreign Blend Funds emphasis on downward variations and rewarding consistent performance. The top 0% of funds in each category receive five stars, then next.5% receive four stars, the middle 5% receive three stars, the next.5% receive two stars, and the bottom 0% receive one star. The Overall Morningstar three-, five- and 0-year (if applicable) Morningstar Rating metrics. Average Annual Total Returns as of 09/0/0 YTD Year Year 5Year 0Year Since American Funds EuroPacific Gr -7.6% -.67% 0.50% -0.69% % Foreign Blend Average MSCI EAFE Index mylife.newyorklife.com or call a New York Life representative at (800) Hypothetical Growth of $0,000 5,000 0,000 5,000 0,000 American Funds EuroPacific Gr $ 8,50 MSCI EAFE Index $ 5,5 9/0 9/0 9/04 9/05 9/06 9/07 9/08 9/09 9/0 9/ Best -month Period Mar. 09-May % Worst -month Period Sep. 08-Nov % In the past, this investment has shown a wide range of price fluctuations relative to other investments. This investment may experience significant price increases in favorable markets or undergo large price declines in adverse markets. Some of this risk may be offset by owning other investments that follow different investment strategies. Foreign Blend Average is the average annual total return of the universe of mutual funds designated by Morningstar, Inc. as comprising the Morningstar Foreign Blend category. MSCI EAFE Index: The Morgan Stanley Capital International (MSCI) Europe, Australasia, and Far East Index - the EAFE Index - is an unmanaged, capitalizationweighted index containing approximately 985 equity securities located outside the U.S. Results assume the reinvestment of all capital gain and dividend distributions. An investment cannot be made Fund data, Style Box and Rating 0 Morningstar, Inc. All Rights reserved. This information: () is proprietary to Morningstar and/or its content providers; () may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible Securities distributed by NYLIFE Distributors LLC, 69 Lackawanna Avenue, Parsippany NJ, Please log onto mylife.newyorklife.com or call a New York Life representative at (800) for a prospectus, and, if available, a summary prospectus.

18 As of September 0, 0 Category: Diversified Emerging Mkts Diversified emerging-markets funds invest at least 50% of stock assets in developing nations. Most funds divide their assets among 0 or more nations, although they tend to focus on the emerging markets of Asia and Latin America rather than on those of the Middle East, Africa, or Europe. Thus, popular destinations include Hong Kong, Korea, Mexico, and Brazil. Whatever their favorite nations, all these funds have the potential for large price swings. The investment aggressively seeks capital appreciation. The fund mainly invests in common stocks of issuers in emerging and developing markets throughout the world and may invest up to 00% of total assets in foreign securities. It normally invests at least 80% of net assets, plus borrowings for investment purposes, in equity securities of issuers whose principal activities are in at least three developing markets. The fund primarily invests in companies with high growth potential. Foreign securities may be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, and political and economic instability. These risks are likely to be greater for emerging markets than for developed markets. b- fee: 0.5% Expense Ratio (gross) **:.5% of fund assets Fund Date: /8/996 Total Fund Assets($mil): 9.9 ODMAX Justin Leverenz Management Company: OppenheimerFunds, Inc.. Telephone: Oppenheimer Developing Markets Fund (Class A) Portfolio Snapshot as of 08//0 ^ Cash.7 Stocks* Bonds 0.09 Other 0.09 *Foreign Stock Industry Sectors as of 08//0 ^ Cyclical 9.6 Basic Materials 0. Consumer Cyclical.5 Financial Services.69 Real Estate.9 Defensive.9 Consumer Defensive.5 Healthcare.84 Utilities 0.00 Sensitive 7.54 Communication Services 7.00 Energy 9.7 Industrials.87 Technology 7.96 Total Number of Stock Holdings 5 Total Number of Bond Holdings Annual Turnover Ratio % Top Ten Holdings as of 08//0 ^ America Movil SAB de CV ADR L 4. Infosys Ltd.6 Nhn Corp.5 HTC Corporation.6 Mexican Economic Development, Inc. ADR.4 Petroleo Brasileiro SA Petrobras ADR. Impala Platinum Holdings. BMF Bovespa S.A. Bolsa Valores Merc Fut.99 E-Mart Co Ltd.96 CNOOC, Ltd..96 Stock Investment Overall Year 5 Year 0 Year 4 Out of 4 Diversified Emerging Mkts Funds Out of 4 Diversified Emerging Mkts Funds Out of Diversified Emerging Mkts Funds 4 Out of 4 Diversified Emerging Mkts Funds emphasis on downward variations and rewarding consistent performance. The top 0% of funds in each category receive five stars, then next.5% receive four stars, the middle 5% receive three stars, the next.5% receive two stars, and the bottom 0% receive one star. The Overall Morningstar three-, five- and 0-year (if applicable) Morningstar Rating metrics. Average Annual Total Returns as of 09/0/0 YTD Year Year 5Year 0Year Since Oppenheimer Developing Markets -.0% -4.04% 9.7% 8.% 9.6% -- Diversified Emerging Mkts Average MSCI Emerging Markets Free Ind mylife.newyorklife.com or call a New York Life representative at (800) Hypothetical Growth of $0,000 60,000 55,000 50,000 45,000 40,000 5,000 0,000 5,000 0,000 5,000 0,000 Oppenheimer Developing Markets $ 45,598 MSCI Emerging Markets Free Ind $ 6,76 9/0 9/0 9/0 9/04 9/05 9/06 9/07 9/08 9/09 9/0 9/ Best -month Period Mar. 09-May % Worst -month Period Sep. 08-Nov % In the past, this investment has shown a wide range of price fluctuations relative to other investments. This investment may experience significant price increases in favorable markets or undergo large price declines in adverse markets. Some of this risk may be offset by owning other investments that follow different investment strategies. Diversified Emerging Mkts Average is the average annual total return of the universe of mutual funds designated by Morningstar, Inc. as comprising the Morningstar Diversified Emerging Mkts category. MSCI Emerging Markets Free Index: The Morgan Stanley Capital International (MSCI) Emerging Markets Free Index is an unmanaged index of a sample of companies representative of the market structure of 6 Emerging Markets countries. Results assume the reinvestment of all capital gain and dividend distributions. An investment cannot be made Fund data, Style Box and Rating 0 Morningstar, Inc. All Rights reserved. This information: () is proprietary to Morningstar and/or its content providers; () may not be copied or distributed; and () is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible Securities distributed by NYLIFE Distributors LLC, 69 Lackawanna Avenue, Parsippany NJ, Please log onto mylife.newyorklife.com or call a New York Life representative at (800) for a prospectus, and, if available, a summary prospectus.

I.A.M. National 401(k) Plan. Investment Options Summary

I.A.M. National 401(k) Plan. Investment Options Summary I.A.M. National 401(k) Plan Investment Options Summary The I.A.M. National 401(k) Plan offers a diverse investment lineup to meet the varied needs of our participants. The lineup includes 12 Retirement

More information

Guide to mutual fund investing. Start with the basics

Guide to mutual fund investing. Start with the basics Guide to mutual fund investing Start with the basics Pursue your financial goals Why do you invest? For a rainy day? A secure retirement? Funding a college tuition? Having a specific goal in mind will

More information

I.A.M. National 401(k) Plan. Investment Options Summary

I.A.M. National 401(k) Plan. Investment Options Summary I.A.M. National 401(k) Plan Investment Options Summary The I.A.M. National 401(k) Plan offers a diverse investment lineup to meet the varied needs of our participants. The lineup includes 12 Retirement

More information

Spectrum of Investment Options

Spectrum of Investment Options Kentucky Deferred Comp Spectrum of Investment Options Your guide to available investment options. Tier 1 Target Date Funds, Balanced Fund Target Date Funds Vanguard Target Retirement Funds (in five-year

More information

INCOME IN ALL MARKETS COLUMBIA STRATEGIC INCOME FUND Class A COSIX Class C CLSCX Class R CSNRX Class R4 CMNRX Class R5 CTIVX Class Z LSIZX

INCOME IN ALL MARKETS COLUMBIA STRATEGIC INCOME FUND Class A COSIX Class C CLSCX Class R CSNRX Class R4 CMNRX Class R5 CTIVX Class Z LSIZX INCOME IN ALL MARKETS COLUMBIA STRATEGIC INCOME FUND Class A COSIX Class C CLSCX Class R CSNRX Class R4 CMNRX Class R5 CTIVX Class Z LSIZX NAVIGATING A CHANGING INTEREST RATE ENVIRONMENT Rise to the challenge

More information

Fixed-income opportunity: Short duration high yield

Fixed-income opportunity: Short duration high yield March 2014 Insights from: An income solution for a low or rising interest-rate environment Generating income is a key objective for many investors, and one that is increasingly difficult to achieve in

More information

Why high-yield municipal bonds may be attractive in today s market environment

Why high-yield municipal bonds may be attractive in today s market environment Spread Why high-yield municipal bonds may be attractive in today s market environment February 2014 High-yield municipal bonds may be attractive given their: Historically wide spreads Attractive prices

More information

ALLOCATION STRATEGIES A, C, & I SHARES PROSPECTUS August 1, 2015

ALLOCATION STRATEGIES A, C, & I SHARES PROSPECTUS August 1, 2015 ALLOCATION STRATEGIES A, C, & I SHARES PROSPECTUS August 1, 2015 Investment Adviser: RidgeWorth Investments A Shares C Shares I Shares Aggressive Growth Allocation Strategy SLAAX CLVLX CVMGX Conservative

More information

WHEATON COLLEGE RETIREMENT PLAN QUALIFIED DEFAULT INVESTMENT ALTERNATIVE NOTICE

WHEATON COLLEGE RETIREMENT PLAN QUALIFIED DEFAULT INVESTMENT ALTERNATIVE NOTICE WHEATON COLLEGE RETIREMENT PLAN QUALIFIED DEFAULT INVESTMENT ALTERNATIVE NOTICE FY 2016 PLAN YEAR The Wheaton College Retirement Plan (the "Plan") permits each Participant to direct how money in her/his

More information

County of Orange - 98984-01/02 Investment Performance as of 04/29/2016

County of Orange - 98984-01/02 Investment Performance as of 04/29/2016 County of Orange - 98984-01/02 Investment Performance as of 04/29/2016 Current performance may be lower or higher than performance data shown. Performance data quoted represents past performance and is

More information

LifePath Index 2060 Fund Q

LifePath Index 2060 Fund Q Release Date: 9-3-215 LifePath Index 26 Fund Q Standard & Poor's 5 Index LifePath Index 26 Custom Target Date 251+... Allocation of Stocks and Bonds 1 8 6 4 2 45 4 35 3 25 2 15 1 5 Years Until Retirement

More information

Life is complicated. Investing doesn t have to be. MainStay Asset Allocation Funds

Life is complicated. Investing doesn t have to be. MainStay Asset Allocation Funds Life is complicated. Investing doesn t have to be. MainStay Asset Allocation Funds We can help you have one less thing to worry about. If you are like most people, you ve got your hands full. Juggling

More information

Average Annualized Return as of 11/30/2015 1. YTD 1 Year 3 Years 5 Years

Average Annualized Return as of 11/30/2015 1. YTD 1 Year 3 Years 5 Years Investment Options at a glance Current performance may be lower or higher than performance data shown. Performance data quoted represents past performance and is not a guarantee or prediction of future

More information

Practical Application for Reporting

Practical Application for Reporting Practical Application for Reporting SECOND QUARTER 2015 Fund Fact Sheets BNY Mellon s Global Risk Solutions product line is now offering Fund Fact Sheets to our US based defined contribution clients. We

More information

Retirement Balanced Fund

Retirement Balanced Fund SUMMARY PROSPECTUS TRRIX October 1, 2015 T. Rowe Price Retirement Balanced Fund A fund designed for retired investors seeking capital growth and income through investments in a combination of T. Rowe Price

More information

T. Rowe Price Target Retirement 2030 Fund Advisor Class

T. Rowe Price Target Retirement 2030 Fund Advisor Class T. Rowe Price Target Retirement 2030 Fund Advisor Class Supplement to Summary Prospectus Dated October 1, 2015 Effective February 1, 2016, the T. Rowe Price Mid-Cap Index Fund and the T. Rowe Price Small-Cap

More information

What you will learn today. Different categories of investments Choosing your investment mix Common investor pitfalls Determining your next steps

What you will learn today. Different categories of investments Choosing your investment mix Common investor pitfalls Determining your next steps Investing 101 What you will learn today Different categories of investments Choosing your investment mix Common investor pitfalls Determining your next steps 2 Asset Allocation One of Your Most Important

More information

Please read this important information for Yale University Matching Retirement Plan participants

Please read this important information for Yale University Matching Retirement Plan participants Please read this important information for Yale University Matching Retirement Plan participants This notice gives you important information about the default investment funds selected for the Matching

More information

Balanced Fund RPBAX. T. Rowe Price SUMMARY PROSPECTUS

Balanced Fund RPBAX. T. Rowe Price SUMMARY PROSPECTUS SUMMARY PROSPECTUS RPBAX May 1, 2016 T. Rowe Price Balanced Fund A fund seeking capital growth and current income through a portfolio of approximately 65% stocks and 35% fixed income securities. Before

More information

Monthly Plan Performance Update

Monthly Plan Performance Update Monthly Plan Performance Update ALNYLAM PHARMACEUTICALS, INC. - ALNYLAM (19063) DOW JONES 30 INDUSTRIAL AVERAGE BARCLAYS CAPITAL U.S. AGGREGATE BOND INDEX 04/30/2015 0.45 4.52 0.78 04/30/2015 10.11 13.29

More information

Seix Total Return Bond Fund

Seix Total Return Bond Fund Summary Prospectus Seix Total Return Bond Fund AUGUST 1, 2015 (AS REVISED FEBRUARY 1, 2016) Class / Ticker Symbol A / CBPSX R / SCBLX I / SAMFX IS / SAMZX Before you invest, you may want to review the

More information

Investment options insights A look at Investment Choices for VUL III Variable Universal Life Insurance

Investment options insights A look at Investment Choices for VUL III Variable Universal Life Insurance An Educational Guide for Consumers Investment options insights A look at Investment Choices for VUL III Variable Universal Life Insurance Investment Strategies This brochure must be preceded or accompanied

More information

The essentials of investing for retirement.

The essentials of investing for retirement. The essentials of investing for retirement. Fidelity has been helping people invest for retirement for more than 65 years. Some investors use our actively managed and index mutual funds. Some use our powerful

More information

Morningstar Highlights

Morningstar Highlights Morningstar Highlights Second quarter Data as of June 30, 2015 Invesco offers funds that have competitive performance relative to their peers across most style boxes. Below are Invesco funds with four-

More information

Morningstar Highlights

Morningstar Highlights Morningstar Highlights Third quarter Data as of September 30, 2015 Invesco offers funds that have competitive performance relative to their peers across most style boxes. Below are Invesco funds with four-

More information

MISSISSIPPI ORP. Net. Gross Fund. Fund. Fund. Inception. Stability of Principal

MISSISSIPPI ORP. Net. Gross Fund. Fund. Fund. Inception. Stability of Principal P E R F O R M A N C E U P D A T E MISSISSIPPI ORP Average Annual Total Returns as of: 01/31/2016 (shown in percentages) Mutual funds offered through a retirement plan are investments designed for retirement

More information

Schwab Target Funds. Go paperless today. Simplify your financial life by viewing these documents online. Sign up at schwab.

Schwab Target Funds. Go paperless today. Simplify your financial life by viewing these documents online. Sign up at schwab. Annual report dated October 31, 2015, enclosed. Schwab Target Funds Schwab Target 2010 Fund Schwab Target 2015 Fund Schwab Target 2020 Fund Schwab Target 2025 Fund Schwab Target 2030 Fund Schwab Target

More information

401(k) Savings Plan Investment Fund Profiles Detailed Information on the JPMorgan Chase 401(k) Savings Plan Investment Funds

401(k) Savings Plan Investment Fund Profiles Detailed Information on the JPMorgan Chase 401(k) Savings Plan Investment Funds 401(k) Savings Plan Investment Fund Profiles Detailed Information on the JPMorgan Chase 401(k) Savings Plan Investment Funds Effective December 31, 2013 Please Note: Any significant subsequent updates

More information

Deutsche Floating Rate Fund

Deutsche Floating Rate Fund Taxable Fixed-Income 2 nd quarter 2014 Deutsche Floating Rate Fund Access a world of opportunities through the global resources of Deutsche Bank Canada United States Netherlands Belgium United Kingdom

More information

IU Tax Deferred Annuity Plan (51913) IU TDA Plan. Start investing in yourself today, with help from IU TDA Plan and Fidelity.

IU Tax Deferred Annuity Plan (51913) IU TDA Plan. Start investing in yourself today, with help from IU TDA Plan and Fidelity. IU Tax Deferred Annuity Plan (51913) IU TDA Plan Start investing in yourself today, with help from IU TDA Plan and Fidelity. Invest some of what you earn today for what you plan to accomplish tomorrow.

More information

Optional Asset Allocation program for participants

Optional Asset Allocation program for participants Richard Gagne Retirement Security Education 0207662 What is GoalMaker? Optional Asset Allocation program for participants Uses professional asset allocation modeling based on portfolios created by Morningstar

More information

Vanguard Target Retirement Funds

Vanguard Target Retirement Funds Vanguard Target Retirement Funds Supplement to the Prospectus Dated January 27, 2014 Prospectus Text Changes The Average Annual Total Returns table for Vanguard Target Retirement Income Fund is replaced

More information

Investing Toward Retirement

Investing Toward Retirement ONS Congress 2013 Investing Toward Retirement Janet L Marcantonio, CFP, CRPC Thomas Robinson, CFP Marcantonio Robinson Wealth Advisory Group UBS Financial Services 1 Learning objectives Understand the

More information

An Attractive Income Option for a Strategic Allocation

An Attractive Income Option for a Strategic Allocation An Attractive Income Option for a Strategic Allocation Voya Senior Loans Suite A strategic allocation provides potential for high and relatively steady income through most credit and rate cycles Improves

More information

The Case for Senior Loans

The Case for Senior Loans The Case for 1.877.622.5552 www.firsttrust.ca : A Potential Opportunity for Investors With interest rates at historically low levels, these are challenging times to invest for income. At the same time,

More information

Extended Strategy Descriptions for The Boeing Company Voluntary Investment Plan (VIP)

Extended Strategy Descriptions for The Boeing Company Voluntary Investment Plan (VIP) Extended Strategy Descriptions for The Boeing Company Voluntary Investment Plan (VIP) Strategy descriptions are effective December 12, 2014, unless otherwise noted. U.S. Large Companies Fund The fund invests

More information

Global Markets Insights

Global Markets Insights Global Markets Insights Inefficiencies and opportunities in today s fixed-income markets Agenda Today s fixed-income asset-allocation challenge 1 Volatility expectations 2 Correlation expectations 3 Return

More information

American Funds Insurance Series. U.S. Government/ AAA-Rated Securities Fund. Summary prospectus Class 3 shares May 1, 2016

American Funds Insurance Series. U.S. Government/ AAA-Rated Securities Fund. Summary prospectus Class 3 shares May 1, 2016 American Funds Insurance Series U.S. Government/ AAA-Rated Securities Fund Summary prospectus Class 3 shares May 1, 2016 Before you invest, you may want to review the fund s prospectus and statement of

More information

Navigating Rising Rates with Active, Multi-Sector Fixed Income Management

Navigating Rising Rates with Active, Multi-Sector Fixed Income Management Navigating Rising Rates with Active, Multi-Sector Fixed Income Management 2 With bond yields near 60-year lows and expected to rise, U.S. core bond investors are increasingly questioning how to mitigate

More information

Your Guide to Getting Started

Your Guide to Getting Started The Scripps Research Institute Faculty and Management Retirement Plan Invest in your retirement and yourself today, with help from TSRI Faculty and Management Retirement Plan and Fidelity. Your Guide to

More information

Senior Floating Rate Loans

Senior Floating Rate Loans Senior floating rate loans have become a staple of the U.S. debt market and have grown from a market value of $126 billion in 2001 to $607 billion as of year-end 2011. 1 For over 20 years, managed senior

More information

CHOOSE YOUR PATH. ENSURE THEIR FUTURE.

CHOOSE YOUR PATH. ENSURE THEIR FUTURE. CHOOSE YOUR PATH. ENSURE THEIR FUTURE. Investment Option Basics An overview of the CollegeAdvantage Direct 529 Savings Plan investment options. TABLE OF CONTENTS CHOOSE YOUR APPROACH...1 KNOW YOUR GOALS...2

More information

Non-FDIC Insured May Lose Value No Bank Guarantee. Time-Tested Investment Strategies for the Long Term

Non-FDIC Insured May Lose Value No Bank Guarantee. Time-Tested Investment Strategies for the Long Term Non-FDIC Insured May Lose Value No Bank Guarantee Time-Tested Investment Strategies for the Long Term Rely on These Four Time-Tested Strategies to Keep You on Course. Buy Right and Sit Tight Keep Your

More information

LONG-TERM INVESTMENT PERFORMANCE

LONG-TERM INVESTMENT PERFORMANCE LONG-TERM INVESTMENT PERFORMANCE Source: Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011 Used with permission. TYPES OF ASSET CLASSES Stocks

More information

Start investing in yourself today, with help from the. Optional Retirement Plan (ORP) and Fidelity.

Start investing in yourself today, with help from the. Optional Retirement Plan (ORP) and Fidelity. State of Maryland - Institutions of Higher Education Optional Retirement Plan (ORP) Plan No. 65575 Start investing in yourself today, with help from the State of Maryland - Institutions of Higher Education

More information

MainStay Investments FOR REGISTERED REPRESENTATIVE USE ONLY. NOT TO BE USED WITH THE GENERAL PUBLIC.

MainStay Investments FOR REGISTERED REPRESENTATIVE USE ONLY. NOT TO BE USED WITH THE GENERAL PUBLIC. MainStay Investments NYLIM-24809 461946 MS31cc-05/12 MainStay Investments MainStay Investments, an indirect subsidiary of New York Life Insurance Company, offers investment advisory products and services

More information

Louisiana Optional Retirement Plan Louisiana Optional Retirement Plan

Louisiana Optional Retirement Plan Louisiana Optional Retirement Plan TIAA-CREF Quarterly Performance Louisiana Optional Retirement Plan Louisiana Optional Retirement Plan Performance as of 03/31/2016 Before making your investment choices and completing your enrollment form,

More information

Brown Advisory Strategic Bond Fund Class/Ticker: Institutional Shares / (Not Available for Sale)

Brown Advisory Strategic Bond Fund Class/Ticker: Institutional Shares / (Not Available for Sale) Summary Prospectus October 30, 2015 Brown Advisory Strategic Bond Fund Class/Ticker: Institutional Shares / (Not Available for Sale) Before you invest, you may want to review the Fund s Prospectus, which

More information

COMMUNITY FOUNDATION OF GREATER MEMPHIS, INC. INVESTMENT GUIDELINES FOR MONEY MARKET POOL

COMMUNITY FOUNDATION OF GREATER MEMPHIS, INC. INVESTMENT GUIDELINES FOR MONEY MARKET POOL INVESTMENT GUIDELINES FOR MONEY MARKET POOL discretionary Money Market Pool is expected to pursue their stated investment strategy and follow the investment guidelines and objectives set forth herein.

More information

PIMCO Foreign Bond Fund (U.S. Dollar- Hedged)

PIMCO Foreign Bond Fund (U.S. Dollar- Hedged) Your Global Investment Authority PIMCO Foreign Bond Fund (U.S. Dollar- Hedged) SUMMARY PROSPECTUS July 31, 2015 (as supplemented December 1, 2015) Share Class: Inst P Admin D A C R Ticker: PFORX PFBPX

More information

BRANDES. Brandes Core Plus Fixed Income Fund Class A BCPAX Class E BCPEX Class I BCPIX. Brandes Credit Focus Yield Fund Class A BCFAX Class I BCFIX

BRANDES. Brandes Core Plus Fixed Income Fund Class A BCPAX Class E BCPEX Class I BCPIX. Brandes Credit Focus Yield Fund Class A BCFAX Class I BCFIX BRANDES Brandes Core Plus Fixed Income Fund Class A BCPAX Class E BCPEX Class I BCPIX Brandes Credit Focus Yield Fund Class A BCFAX Class I BCFIX Prospectus January 30, 2015 The U.S. Securities and Exchange

More information

Waddell & Reed Advisors Select Plus Annuity SM Invest in your future

Waddell & Reed Advisors Select Plus Annuity SM Invest in your future Investment choices performance report January 31, 2016 Waddell & Reed Advisors Select Plus Annuity SM Invest in your future Answers to frequently asked questions. What you should know about purchasing

More information

IU Retirement Plan (57524) Start investing in yourself today, with help from IU Retirement Plan and Fidelity.

IU Retirement Plan (57524) Start investing in yourself today, with help from IU Retirement Plan and Fidelity. IU Retirement Plan (57524) Start investing in yourself today, with help from IU Retirement Plan and Fidelity. Invest some of what you earn today for what you plan to accomplish tomorrow. Dear Indiana University

More information

Bond Fund of the TIAA-CREF Life Funds

Bond Fund of the TIAA-CREF Life Funds Summary Prospectus MAY 1, 2015 Bond Fund of the TIAA-CREF Life Funds Ticker: TLBDX Before you invest, you may want to review the Fund s prospectus, which contains more information about the Fund and its

More information

Nuveen Intelligent Risk Conservative Allocation Fund will be liquidated after the close of business on June 24, 2016.

Nuveen Intelligent Risk Conservative Allocation Fund will be liquidated after the close of business on June 24, 2016. NUVEEN INTELLIGENT RISK CONSERVATIVE ALLOCATION FUND SUPPLEMENT DATED APRIL 18, 2016 TO THE SUMMARY PROSPECTUS DATED DECEMBER 31, 2015 Nuveen Intelligent Risk Conservative Allocation Fund will be liquidated

More information

Leader Short-Term Bond Fund. Leader Total Return Fund

Leader Short-Term Bond Fund. Leader Total Return Fund Leader Short-Term Bond Fund Institutional Shares: Investor Shares: Class A Shares: Class C Shares: LCCIX LCCMX LCAMX LCMCX Leader Total Return Fund Institutional Shares: Investor Shares: Class A Shares:

More information

SUMMARY PROSPECTUS. TCW High Yield Bond Fund FEBRUARY 29 I SHARE: TGHYX N SHARE: TGHNX

SUMMARY PROSPECTUS. TCW High Yield Bond Fund FEBRUARY 29 I SHARE: TGHYX N SHARE: TGHNX TCW High Yield Bond Fund I SHARE: TGHYX N SHARE: TGHNX 20 6 FEBRUARY 29 SUMMARY PROSPECTUS Before you invest, you may want to review the Fund s Prospectus which contain more information about the Fund

More information

TIAA-CREF Money Market Fund

TIAA-CREF Money Market Fund TIAA-CREF Money Market Fund Money Market As of 9/30/05 Portfolio Net Assets $770.70 Million Inception Date 7/0/999 CUSIP 8744W706 Symbol TCIXX Industry Average imoneynet Money Fund Averages All Taxable

More information

SmartRetirement Mutual Fund Commentary

SmartRetirement Mutual Fund Commentary SmartRetirement Mutual Fund Commentary J.P.Morgan Asset Management 3 rd Quarter 2014 Performance Highlights SmartRetirement s Performance Objectives The JPMorgan SmartRetirement Mutual Funds are designed

More information

Columbia Limited Duration Credit Fund A transparent approach to short-term investing

Columbia Limited Duration Credit Fund A transparent approach to short-term investing Columbia Limited Duration Credit Fund A transparent approach to short-term investing Class A ALDAX Class C RDCLX Class R4 CDLRX Class R5 CTLRX Class Z CLDZX Columbia Limited Duration Credit Fund is a pure

More information

Unconstrained fixed income may offer a compelling solution for today s bond market challenges

Unconstrained fixed income may offer a compelling solution for today s bond market challenges INVESTMENT OPPORTUNITIES The market direction and your portfolio Unconstrained fixed income may offer a compelling solution for today s bond market challenges Why now? n Elevated risks and prolonged dismal

More information

Total US Equity Index Fund... Benchmark

Total US Equity Index Fund... Benchmark Release Date: 12-31-2013 Total US Equity Index Fund... Benchmark Morningstar Category DJ US Total Stock Market TR Large Blend Index Investment Objective & Strategy This Fund seeks to track the performance

More information

Target Retirement Funds

Target Retirement Funds Prospectus March 1, 2015 Target Retirement Funds Institutional Class Administrative Class Investor Class Harbor Target Retirement Income Fund HARAX HARBX HARCX Harbor Target Retirement 2015 Fund HARGX

More information

Insurance Dedicated Funds: Variable Insurance Trusts

Insurance Dedicated Funds: Variable Insurance Trusts At a Glance September 2015 Insurance Dedicated Funds: Variable Insurance Trusts Our goal at GSAM is to meet the financial goals of investors worldwide, now and in the future, with innovative investment

More information

Non-FDIC Insured May Lose Value No Bank Guarantee. Time-Tested Investment Strategies for the Long Term

Non-FDIC Insured May Lose Value No Bank Guarantee. Time-Tested Investment Strategies for the Long Term Time-Tested Investment Strategies for the Long Term Invest for the Long-Term Stay the Course Through Ups and Downs History shows that the market goes up and the market goes down. While there may be short-term

More information

An actively managed approach for today s fixed-income markets

An actively managed approach for today s fixed-income markets Q3 2015 Putnam multi-sector fixed-income funds An actively managed approach for today s fixed-income markets D. William Kohli Michael V. Salm Paul D. Scanlon, CFA Putnam s three Co-Heads of Fixed each

More information

A strategic, multisector approach to fixed-income investing

A strategic, multisector approach to fixed-income investing Alternative Solutions Forward Credit Analysis Long/Short Fund A strategic, multisector approach to fixed-income investing Is it time to adapt your fixed-income approach? Today s fixed-income investors

More information

Wells Fargo Advantage Dow Jones Target Date Funds SM

Wells Fargo Advantage Dow Jones Target Date Funds SM Wells Fargo Advantage Dow Jones Target Date Funds SM Annual Report February 28, 2015 Wells Fargo Advantage Dow Jones Target Today Fund SM Wells Fargo Advantage Dow Jones Target 2010 Fund SM Wells Fargo

More information

In Search of Yield. Actively Managed High Yield Bond Funds May Offer Long-Term Value

In Search of Yield. Actively Managed High Yield Bond Funds May Offer Long-Term Value In Search of Yield Actively Managed High Yield Bond Funds May Offer Long-Term Value In Search of Yield The Case for Actively Managed High Yield Bond Funds CONTENTS 2 Losing Ground to Inflation: The Impact

More information

Making Sense of Market Volatility: Retirement Planning Strategies for the Everyday Investor. October, 2008

Making Sense of Market Volatility: Retirement Planning Strategies for the Everyday Investor. October, 2008 Making Sense of Market Volatility: Retirement Planning Strategies for the Everyday Investor October, 2008 1 Market Ups and Downs Recent news is full of anxiety-causing developments: Credit crunch Bank

More information

John Hancock Funds II Supplement dated September 30, 2013 to the current Summary Prospectus

John Hancock Funds II Supplement dated September 30, 2013 to the current Summary Prospectus John Hancock Funds II Supplement dated September 30, 2013 to the current Summary Prospectus John Hancock Retirement Living 2010-2050 Portfolios John Hancock Retirement Choices 2010-2050 Portfolios John

More information

MainStay VP Janus Balanced Portfolio

MainStay VP Janus Balanced Portfolio Summary Prospectus May 1, 2015 MainStay VP Janus Balanced Portfolio To Statutory Prospectus To Statement of Additional Information Before you invest, you may want to review the Portfolio's Prospectus,

More information

All Canyon Resources Employees REMINDER ABOUT THE 4O1(K) PLAN AND SUMMARY OF RECENT CHANGES

All Canyon Resources Employees REMINDER ABOUT THE 4O1(K) PLAN AND SUMMARY OF RECENT CHANGES TO: RE: All Canyon Resources Employees REMINDER ABOUT THE 4O1(K) PLAN AND SUMMARY OF RECENT CHANGES WHAT IS THE 401(k) PLAN? The 401(k) plan is designed to help you save for your retirement. You decide

More information

CMG Managed High Yield Bond Program. 2015 CMG Capital Management Group, Inc.

CMG Managed High Yield Bond Program. 2015 CMG Capital Management Group, Inc. CMG Managed High Yield Bond Program About CMG CMG is a Registered Investment Advisor located in King of Prussia, Pennsylvania founded in 1992 by Stephen Blumenthal. Since our inception, CMG has embraced

More information

Vanguard Financial Education Series investing. How to invest your retirement savings

Vanguard Financial Education Series investing. How to invest your retirement savings Vanguard Financial Education Series investing How to invest your retirement savings During your working life, you ve saved and invested for retirement. Now that you re finally reaching retirement, consider

More information

May 1, 2015 as amended June 1, 2015

May 1, 2015 as amended June 1, 2015 INSTITUTIONAL INVESTOR May 1, 2015 as amended June 1, 2015 DATE TARGET FUNDS MyDestination 2005 Fund MyDestination 2015 Fund MyDestination 2025 Fund MyDestination 2035 Fund MyDestination 2045 Fund MyDestination

More information

SHARES NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE. BKLN PowerShares Senior Loan Portfolio

SHARES NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE. BKLN PowerShares Senior Loan Portfolio SHARES NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE PowerShares Senior Loan Portfolio PowerShares Senior Loan Portfolio is the first senior loan exchange-traded fund (ETF) and seeks investment results

More information

Fund Overview. Global Fixed Income Opportunities Fund

Fund Overview. Global Fixed Income Opportunities Fund CELEBRATING 40 YEARS Fund Overview SEPTEMBER 30, 2015 Global Fixed Income Opportunities Fund Overall Morningstar Rating for Class I Shares 316 World Bond Funds Based on risk-adjusted return Morningstar

More information

BOND FUNDS L SHARES. October 1, 2004

BOND FUNDS L SHARES. October 1, 2004 BOND FUNDS A SHARES L SHARES October 1, 2004 CLASSIC INSTITUTIONAL U.S. GOVERNMENT SECURITIES SUPER SHORT INCOME PLUS FUND FLORIDA TAX-EXEMPT BOND FUND GEORGIA TAX-EXEMPT BOND FUND HIGH INCOME FUND INVESTMENT

More information

Your Guide to Getting Started

Your Guide to Getting Started PetSmart, Inc. SaveSmart 401(k) Plan Invest in your retirement and yourself today, with help from The SaveSmart 401(k) Plan and Fidelity. Your Guide to Getting Started Invest some of what you earn today

More information

Changes to the OklahomaDream 529 Plan

Changes to the OklahomaDream 529 Plan Supplement dated December 31, 2015 to Oklahoma Dream Advisor Sold 529 Program Plan Disclosure Statement for Investors Using a Financial Advisor (Classes A and C) Dated November 3, 2014 This Supplement

More information

Barnes Group Inc. Retirement Savings Plan. Start investing in yourself today, with help from the Retirement Savings Plan and Fidelity.

Barnes Group Inc. Retirement Savings Plan. Start investing in yourself today, with help from the Retirement Savings Plan and Fidelity. Barnes Group Inc. Retirement Savings Plan Start investing in yourself today, with help from the Retirement Savings Plan and Fidelity. Invest some of what you earn today for what you plan to accomplish

More information

RETIREMENT INSIGHTS. Is It Time to Rebalance Your Plan Investments? Mutual Fund Categories: A Primer for New Investors

RETIREMENT INSIGHTS. Is It Time to Rebalance Your Plan Investments? Mutual Fund Categories: A Primer for New Investors RETIREMENT INSIGHTS July 2014 Your HFS Team Heffernan Financial Services 188 Spear Street, Suite 550 San Francisco, CA 94105 800-437-0045 rebeccat@heffgroup.com www.heffgroupfs.com CA Insurance Lic# 0I18899

More information

Fund commentary. John Hancock Lifestyle Portfolios Q1 2016

Fund commentary. John Hancock Lifestyle Portfolios Q1 2016 Fund commentary John Hancock Lifestyle Portfolios Seek: Long-term growth of capital or a balance between a high level of current income and growth of capital Use for: Broadly diversified, risk-targeted

More information

Documeent title on one or two. high-yield bonds. Executive summary. W Price (per $100 par) W. The diversification merits of high-yield bonds

Documeent title on one or two. high-yield bonds. Executive summary. W Price (per $100 par) W. The diversification merits of high-yield bonds April 01 TIAA-CREF Asset Management Documeent title on one or two The lines enduring Gustan case Book for pt high-yield bonds TIAA-CREF High-Yield Strategy Kevin Lorenz, CFA Managing Director Co-portfolio

More information

T. Rowe Price International Bond Fund T. Rowe Price International Bond Fund Advisor Class

T. Rowe Price International Bond Fund T. Rowe Price International Bond Fund Advisor Class T. Rowe Price International Bond Fund T. Rowe Price International Bond Fund Advisor Class Supplement to Prospectuses Dated May 1, 2015 In section 1, the portfolio manager table under Management with respect

More information

JOHNS HOPKINS UNIVERSITY INVESTMENT OPTIONS

JOHNS HOPKINS UNIVERSITY INVESTMENT OPTIONS JOHNS HOPKINS UNIVERSITY INVESTMENT OPTIONS P E R F O R M A N C E U P D A T E AS OF DECEMBER 31, 2009 UNDERSTANDING INVESTMENT PERFORMANCE As you review this update, please remember that the performance

More information

Prospectus Baird Funds

Prospectus Baird Funds Prospectus Baird Funds May 1, 2014 Baird Ultra Short Bond Fund (Institutional Class: BUBIX) (Investor Class: BUBSX) Baird Short-Term Bond Fund (Institutional Class: BSBIX) (Investor Class: BSBSX) Baird

More information

BlackRock Diversified Income Portfolio. A portfolio from Fidelity Investments designed to seek income while managing risk

BlackRock Diversified Income Portfolio. A portfolio from Fidelity Investments designed to seek income while managing risk BlackRock Diversified Income Portfolio A portfolio from Fidelity Investments designed to seek income while managing risk Fidelity Investments has formed a strategic alliance with BlackRock Investment Management,

More information

EAGLE CAPITAL APPRECIATION FUND EAGLE SERIES TRUST Eagle Investment Grade Bond Fund

EAGLE CAPITAL APPRECIATION FUND EAGLE SERIES TRUST Eagle Investment Grade Bond Fund EAGLE CAPITAL APPRECIATION FUND EAGLE SERIES TRUST Eagle Investment Grade Bond Fund SUPPLEMENT DATED JUNE 26, 2015, TO THE PROSPECTUS AND SUMMARY PROSPECTUS DATED MARCH 1, 2015, AS SUPPLEMENTED APRIL 9,

More information

Fund commentary. John Hancock Retirement Living Portfolios Q1 2016

Fund commentary. John Hancock Retirement Living Portfolios Q1 2016 John Hancock Retirement Living Portfolios Fund commentary Seek: Long-term growth of capital or a balance between a high level of current income and growth of capital Use for: Broadly diversified, risk-targeted

More information

Why Consider Bank Loan Investing?

Why Consider Bank Loan Investing? Why Consider Bank Loan Investing? September 2012 Bank loans continue to increase in popularity among a variety of investors in search of higher yield potential than other types of bonds, with lower relative

More information

INVESTMENT OBJECTIVE The Fund s investment objective is to generate current income consistent with preservation of capital.

INVESTMENT OBJECTIVE The Fund s investment objective is to generate current income consistent with preservation of capital. SUMMARY PROSPECTUS January 31, 2013 AllianceBernstein Global Bond Fund Ticker: Class A ANAGX; Class B ANABX; Class C ANACX; Advisor Class ANAYX; Class R ANARX; Class K ANAKX; Class I ANAIX Before you invest,

More information

Rules-Based Investing

Rules-Based Investing Rules-Based Investing Disciplined Approaches to Providing Income and Capital Appreciation Potential Focused Dividend Strategy International Dividend Strategic Value Portfolio (A: FDSAX) Strategy Fund (A:

More information

Prospectus Socially Responsible Funds

Prospectus Socially Responsible Funds Prospectus Socially Responsible Funds Calvert Social Investment Fund (CSIF) Balanced Portfolio Equity Portfolio Enhanced Equity Portfolio Bond Portfolio Money Market Portfolio Calvert Social Index Fund

More information

Pioneer Bond Fund. Performance Analysis & Commentary September 2015. Fund Ticker Symbols: PIOBX (Class A); PICYX (Class Y) us.pioneerinvestments.

Pioneer Bond Fund. Performance Analysis & Commentary September 2015. Fund Ticker Symbols: PIOBX (Class A); PICYX (Class Y) us.pioneerinvestments. Pioneer Bond Fund COMMENTARY Performance Analysis & Commentary September 2015 Fund Ticker Symbols: PIOBX (Class A); PICYX (Class Y) us.pioneerinvestments.com Third Quarter Review Pioneer Bond Fund s Class

More information

Fund changes coming to your retirement plan. Swarthmore College Regular Retirement Plan

Fund changes coming to your retirement plan. Swarthmore College Regular Retirement Plan Fund changes coming to your retirement plan Swarthmore College Regular Retirement Plan As Swarthmore College enters its 150th year as a premier practitioner of the liberal arts, it is ever more grateful

More information

This guide provides you with important information about the. Gonzaga University 403(b) Retirement Plan

This guide provides you with important information about the. Gonzaga University 403(b) Retirement Plan This guide provides you with important information about the Gonzaga University 403(b) Retirement Plan Use this guide to help you enroll in your Gonzaga University 403(b) Retirement Plan. Table of Contents

More information

Six Strategies for Volatile Markets When markets get choppy, it pays to have a plan for your investments, and to stick to it.

Six Strategies for Volatile Markets When markets get choppy, it pays to have a plan for your investments, and to stick to it. Six Strategies for Volatile Markets When markets get choppy, it pays to have a plan for your investments, and to stick to it. Fidelity Viewpoints 8/22/15 The markets have become volatile again, prompted

More information