UESP Cuts Administrative Asset FeesMove will reduce costs for 83 percent of accounts

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

The Utah Educational Savings Plan (UESP) lowered the Administrative Asset Fee on most investment options for the third time in five years, a sweeping reduction that cuts costs for the owners of 83 percent of UESP college savings accounts.The reductions, which took effect October 1, 2015, are a result of UESP’s rapid growth. As of September 30, assets under UESP management added up to more than $8 billion in 293,000 accounts. UESP is the fourth-largest direct-sold 529 plan in the country, according to Morningstar Inc.

The Administrative Asset Fee on all age-based investment options and five of eight static investment options was reduced by 5.56 percent. The new annual fee is 0.17 percent, or $1.70 per $1,000 invested, down from 0.18 percent, or $1.80 per $1,000.

The reduced fee applies to the following investment options:

• Age-Based Aggressive Global• Age-Based Aggressive Domestic• Age-Based Moderate• Age-Based Conservative• Equity—100% Domestic• Equity—30% International• Equity—10% International• 70% Equity/30% Fixed Income• 20% Equity/80% Fixed Income

UESP also lowered the Administrative Asset Fee on the static Fixed Income investment option. It was reduced to 0.11 percent from 0.14 percent—a 21.43 percent reduction. The new fee is $1.10 per $1,000 invested, down from $1.40 per $1,000.

The Administrative Asset Fees on the static FDIC-Insured investment option and both customized investment options did not change. Utah account owners pay no fees on the Public Treasurers’ Investment Fund.

“UESP vowed many years ago to keep fees low. These reductions reaffirm UESP’s pledge to deliver meaningful cost savings. One reason we are a top plan is our low fees,” said Lynne Ward, UESP executive director.

In 2013, UESP lowered the Administrative Asset Fee on most investment options by an average of 10 percent. Last year, the Administrative Mail Delivery Fee was cut 20 percent to a maximum of $12 per year.

UESP waives the mail delivery fee if non-Utah resident account owners choose to view quarterly account statements, the Program Description, Program Description Supplements, newsletters, and other UESP communications online instead of receiving them in the mail. The fee does not apply to Utah resident account owners.

UESP NEWSOctober 2015 Follow @uesp on twitter uesp.org | 800.418.2551

U T A H E d U c A T i o n A l S A v i n g S P l A n , A 5 2 9 P l A n

What’s insidedid You Know? You can contribute Redeemed U.S. Savings Bonds to Your UESP Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

UESP gift Program: An Easy-to-Find Present for the Future . . . . . . . . . . . . 2

For Utah Account owners - Regents’ Scholarship . . . . . . . . . . . . . . . . . . . . . . 3

Share Your Story . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Plan now for Year-End deadlines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

investment option Performance as of September 30, 2015 . . . . . . . . . . . . 5

UESP has trimmed Administrative Asset Fees for the third time in five years. The cuts to the fees are derived from economies of scale due to UESP’s exceptional growth.

UESP Gift Program: An Easy-to-Find Present for the Future

2PO Box 145100, Salt Lake City, UT 84114-5100

Did You Know?You Can Contribute Redeemed U.S. Savings Bonds to Your UESP Account

You may not be required to pay taxes on interest earned on a U.S. Savings Bond if you are qualified to contribute money from the redeemed bond to a UESP account.

UESP can only accept redeemed funds from some Series I and Series EE Savings Bonds issued after 1989 and purchased by an owner who was at least age 24 before a bond’s issue date. In addition, income caps limit who is eligible to exclude interest earned on qualified U.S. Savings Bonds. You can only redeem a qualified bond if you contribute the funds to an account for yourself, your spouse, or your dependent. Consult your tax advisor when redeeming a qualified savings bond.

To contribute a U.S. Savings Bond to your account:

1. Redeem the U.S. Savings Bond.

2. Fill out the UESP Liquidated Funds Transfer: 529 Plan, Coverdell ESA, or Savings Bonds form (form 215), available for download at uesp.org. This form will guide you through the process and let you know what UESP needs to complete the transaction. You also can request that form 215 be mailed to you by calling toll-free 800.418.2551 or sending an email to info@uesp.org.

3. Include a copy of IRS Form 1099-INT or a statement from a financial institution that shows the interest you were paid when you redeemed the bond. Federal law requires that money UESP receives from a redeemed U.S. Savings Bond that does not include such documentation be considered entirely earnings. That money could be subject to taxes in the case of a nonqualified withdrawal from the UESP account.

4. Mail a check in the amount of the redeemed bond with the completed form 215 and the 1099-INT or statement from the financial institution to: UESP, PO Box 145100, Salt Lake City, UT 84114-5100. For delivery by overnight carrier, send the check to: UESP, State Board of Regents Building, Gateway 2, 60 South 400 West, Salt Lake City, UT 84101-1284.

Contact UESP toll-free at 800.418.2551 or send an email to info@uesp.org with any questions.

UESP can accept some redeemed U.S. Savings Bonds. If the bonds can be contributed to an account, you may not be required to pay taxes on interest earned on the bonds.

As the holiday season approaches, there is no better time to enroll in the Utah Educational Savings Plan (UESP) Gift Program as a meaningful alternative to traditional gift giving. The Gift Program is free and simple to use. Plus, you don’t have to fight the crowds at the shopping mall.

How It WorksTo invite friends and family to contribute gifts to your UESP account(s), enroll online at uesp.org. Go to Account Access and select Gift Program. A link to your personal gift page and a unique gift code appear on the screen as soon as the gift account is activated. You may then share the link with family and friends by email or on Facebook or Twitter.

The gift of education is one your children will treasure long after they’ve outgrown new clothing or discarded today’s hot toy.

For Utah Account Owners

How Your Beneficiary Could Qualify for the UESP Supplemental Award to the Regents’ Scholarship

If you are a Utah resident who owns a Utah Educational Savings Plan (UESP) account, the high school years are the time to make sure your contribution level qualifies your beneficiary for a one-time UESP Supplemental Award of up to $400 if he or she earns a Regents’ Scholarship upon high school graduation.

Utah students can earn a Regents’ Scholarship by taking a specific set of courses and meeting academic and non-academic standards set by the Utah State Board of Regents. Depending on the student’s level of achievement, a student can earn up to

three awards: the Regents’ Scholarship Base Award, the Exemplary Academic Achievement Award, and the UESP Supplemental Award. (The student must qualify for the Base Award to be eligible for the other two awards.)

For a beneficiary to qualify for the full UESP Supplemental Award, $100 or more must be contributed to your account

each year when the beneficiary is age 14 to 17. (Each year begins with the beneficiary’s birthdate, not the calendar year.) The contribution can be made by you, or by a friend or other family member through the UESP Gift Program.

A contribution of less than $100 in any of the four qualifying years will not count toward the Supplemental Award. For example, if

3

the total amount contributed to your UESP account is $75 when the beneficiary is age 14, but $100 or more is contributed annually when the beneficiary is 15, 16, and 17, the UESP Supplemental Award would be $300.

The Supplemental Award will be added to your beneficiary’s Regents’ Scholarship. It will not be contributed to your UESP account. UESP does not fund the Supplemental Award. The award is paid for with scholarship money from the state of Utah.

In the 2015–2016 college academic year, the Regents’ Scholarship Base Award is a one-time award of up to $1,000. It is granted by the Utah State Board of Regents to a student who completes a defined set of courses in grades 9 through 12 with a “C” grade or higher, earns a minimum high school GPA of 3.0, and submits an ACT examination score.

A renewable Exemplary Academic Achievement Award of $1,250 per semester (for up to four semesters) is granted to a Regents’ Scholarship Base Award recipient who completes the defined set of courses in grades 9 through 12 with a “B” grade or higher, earns a high school GPA of 3.5 or higher, and submits an ACT score of 26 or higher.

UESP Supplemental AwardFor more information on the UESP Supplemental Award:

• Go to regentsscholarship.org• Email regentsscholarship@ushe.edu• Call 801.321.7159

Diane F. and her husband, Jonathan, have Utah Educational Savings Plan (UESP) accounts for all three of their children—Bella, Jacob, and Jackson.

Bella, age 14, dreams of attending Stanford University School of Medicine to become a doctor. Her career aspiration first presented itself when she was 3, after the birth of her brothers, who are twins. No one in her family could make sense of her childhood drawings until she was able to explain they were electrocardiogram (EKG) lines. Jacob had been hooked up to the machine since birth.

Born with a congenital heart defect, Jacob was given a 5 percent chance of survival. His early operations kept

him in the hospital for months, but Jacob has beat the odds. Now 11, he enjoys life alongside Jackson.

Each of the children’s accounts likely will be used differently. Bella, for example, may earn an academic scholarship for her undergraduate degree, which would allow her to delay withdrawals from her UESP account until medical school. When Jacob and Jackson are college-age, their qualified higher education expenses may differ from Bella’s. Jacob and Jackson will be able to use their accounts for the qualified expenses of the higher education path they pursue—whether they attend a traditional four-year degree or a technical/trade school that is an eligible educational institution.

In Diane F.’s words, “UESP is an excellent option for us with the different education needs of our three children.”

Share Your Story: Family Saves in UESP Accounts for Each Child’s Unique Aspirations

Jacob, Bella, and Jackson F. are beneficiaries of UESP accounts.

ExemplaryAcademic

AchievementAward

UESPAward

Base Award

Plan Now for Year-End Deadlines

4uesp.org | 800.418.2551

SAVE FOR COLLEGE. INSPIRE THEIR FUTURE.®

PRogRAM dEScRiPTion SUPPlEMEnTon october 1, 2015, UESP issued a second Supplement to the February 2, 2015, Program description. The Supplement provides new information about changes to the Administrative Asset Fee on some investment options and other topics. The october 1, 2015, Supplement can be downloaded at uesp.org.

Read the Supplement in conjunction with the April 16, 2015, Supplement and the February 2, 2015, Program description. Please read all documents carefully and keep them for future use.

• Thanksgiving Day Thursday, november 26, 2015

• Day after Thanksgiving Friday, november 27, 2015

• Christmas Day Friday, december 25, 2015

• New Year’s Day Friday, January 1, 2016

UESP offices are closed for the following holidays

2015 Year-End DeadlinesTransaction Online

Must be received by UESP before 11:59 p.m. (MT)

ManualMust be received by UESP before

5:00 p.m. (MT)

Contributions Thursday, December 31, 2015 Thursday, December 31, 2015

New Accounts Thursday, December 31, 2015 Thursday, December 31, 2015

Withdrawals Thursday, December 31, 2015 Thursday, December 31, 2015

Investment Option Change Thursday, December 31, 2015 Thursday, December 31, 2015

Incoming Rollovers (money received) N/A Thursday, December 31, 2015

Transfers (between accounts with the same account owner) Thursday, December 31, 2015 Thursday, December 31, 2015

Transfers (between accounts with different account owners) N/A Thursday, December 31, 2015

Outgoing Rollovers N/A Thursday, December 17, 2015

Note: The UESP office will be closed at 3:00 p.m., (MT), on Thursday, December 24, 2015, and all day on Friday, December 25, 2015.

2015 Utah State Income Tax Benefits Per Qualified Beneficiary

Tax Filing Method Maximum Eligible Contribution

Maximum Utah State Income Tax

Credit

Maximum Utah State Income Tax

Deduction

Single $1,900 $95

Joint $3,800 $190

Trusts $1,900 $95

Corporations $1,900

If you are a Utah resident account owner, remember that you may qualify for a Utah state income tax credit or deduction for the 2015 tax year for eligible contributions to your UESP account if your account beneficiary was younger than age 19 when designated as such on the account.

To qualify for the income tax credit, be sure to get your UESP contributions in on time. Contributions may be made online or manually—by mail or hand delivery. Please be aware that transactions cannot be completed by phone.

OnlineVisit uesp.org, log in to Account Access, and follow the prompts.

ManualWrite the UESP account number and the account beneficiary’s name on a check and submit it to UESP as follows:

The following table outlines the maximum Utah state income tax credit/deduction per qualified beneficiary you can claim for 2015 based on your tax-filing status.

U.S. MailUESPPO Box 145100Salt Lake City, UT 84114-5100

Hand or Overnight DeliveryUESPBoard of Regents Building, Gateway 260 South 400 WestSalt Lake City, UT 84101-1284

Investment Option Performance as of September 30, 2015

5

Latest Month

Latest Three

MonthsYear to Date 1

One Year

Average Annualized Return 2

Inception Date3

Three Year

Five Year

Ten Year

Since Inception

Age-BASed InveStment OPtIOnS

Age

-Bas

ed

Agg

ress

ive

glo

bal Age 0–3 -3.22% -8.74% -6.07% -3.72% 10.37% 11.20% 6.22% 9.44% 4/1/2003

Age 4–6 -3.22% -8.73% -6.07% -3.72% 10.37% 11.20% 6.22% 9.44% 4/1/2003Age 7–9 -2.43% -6.80% -4.57% -2.44% 8.68% 9.66% 6.32% 8.87% 4/1/2003Age 10–12 -1.65% -4.92% -3.11% -1.28% 6.92% 8.02% 6.14% 8.02% 4/1/2003Age 13–15 -0.96% -3.12% -1.73% -0.33% 5.10% 6.15% 5.64% 6.86% 4/1/2003Age 16–18 -0.31% -1.36% -0.39% 0.49% 3.11% 4.14% 4.88% 5.42% 4/1/2003Age 19+ or College Enrolled 4 0.18% 0.26% 0.74% 0.92% 0.77% 0.76% 1.80% 1.77% 4/1/2003

Age

-Bas

ed

Agg

ress

ive

dom

estic Age 0–3 -2.93% -7.28% -5.60% -0.71% 12.09% 12.83% 6.52% 4.26% 9/20/1999

Age 4–6 -2.93% -7.28% -5.60% -0.70% 11.60% 12.19% 6.61% 4.56% 9/20/1999Age 7–9 -2.20% -5.66% -4.25% -0.04% 10.00% 10.85% 6.33% 4.63% 9/20/1999Age 10–12 -1.49% -4.07% -2.88% 0.54% 8.33% 9.46% 5.99% 4.66% 9/20/1999Age 13–15 -0.85% -2.55% -1.59% 0.89% 6.34% 7.47% 5.32% 4.46% 9/20/1999Age 16–18 -0.26% -1.08% -0.32% 1.11% 3.71% 4.64% 4.33% 4.20% 9/20/1999Age 19+ or College Enrolled 4 0.18% 0.26% 0.74% 0.92% 0.77% 0.76% 1.80% 2.24% 9/20/1999

Age

-Bas

ed

mod

erat

e

Age 0–3 -2.43% -6.80% -4.56% -2.44% 8.04% 8.47% 5.98% 8.68% 4/1/2003Age 4–6 -2.43% -6.80% -4.57% -2.45% 7.62% 8.04% 6.09% 8.42% 4/1/2003Age 7–9 -1.65% -4.92% -3.11% -1.28% 6.46% 7.12% 5.91% 7.91% 4/1/2003Age 10–12 -0.96% -3.12% -1.73% -0.33% 5.08% 6.07% 5.60% 7.28% 4/1/2003Age 13–15 -0.31% -1.36% -0.39% 0.49% 3.64% 4.77% 4.98% 6.35% 4/1/2003Age 16–18 -0.06% -0.58% 0.28% 0.71% 2.51% 3.66% 4.39% 5.44% 4/1/2003Age 19+ or College Enrolled 4 0.14% 0.23% 0.65% 0.82% 0.67% 0.70% 1.77% 1.74% 4/1/2003

Age

-Bas

ed

Con

serv

ativ

e

Age 0–3 -1.65% -4.90% -3.11% -1.28% 6.24% 7.04% 5.99% 7.56% 4/1/2003Age 4–6 -1.65% -4.91% -3.11% -1.28% 5.88% 6.49% 5.90% 7.09% 4/1/2003Age 7–9 -0.95% -3.12% -1.73% -0.33% 4.47% 5.32% 5.44% 6.31% 4/1/2003Age 10–12 -0.31% -1.37% -0.40% 0.48% 2.96% 3.97% 4.70% 5.27% 4/1/2003Age 13–15 0.26% 0.32% 0.91% 1.10% 1.20% 2.38% 3.78% 4.05% 4/1/2003Age 16–18 0.26% 0.31% 0.90% 1.09% 0.79% 1.67% 3.25% 3.13% 4/1/2003Age 19+ or College Enrolled 4 0.05% 0.16% 0.47% 0.62% 0.48% 0.58% 1.71% 1.70% 4/1/2003

Opt

ion

3 (C

lose

d to

ne

w in

vestm

ents)

Age 0–3 -3.08% -7.43% -5.75% -0.94% 12.25% 13.09% 6.44% 4.07% 9/20/1999Age 4–6 -2.94% -7.29% -5.62% -0.73% 12.33% 13.14% 6.46% 4.09% 9/20/1999Age 7–9 -2.74% -6.87% -5.29% -0.54% 11.83% 12.68% 6.25% 3.96% 9/20/1999Age 10–12 -2.20% -5.66% -4.29% -0.06% 10.28% 11.23% 5.80% 3.81% 9/20/1999Age 13–15 -1.72% -4.53% -3.32% 0.24% 8.60% 9.49% 5.31% 3.76% 9/20/1999Age 16–18 -1.23% -3.39% -2.33% 0.53% 6.93% 7.77% 4.78% 3.68% 9/20/1999Age 19+ or College Enrolled 4 -0.80% -2.30% -1.39% 0.67% 5.12% 5.88% 4.13% 3.51% 9/20/1999

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

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

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

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

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

See Notes on the next page.

Latest Month

Latest Three

MonthsYear to Date 1

One Year

Average Annualized Return 2

Inception Date3

Three Year

Five Year

Ten Year

Since Inception

StAtIC InveStment OPtIOnSequity—100% domestic -2.49% -6.49% -5.41% -0.79% 12.19% 13.13% 6.46% 4.09% 9/20/1999

equity—30% International -3.30% -8.10% -5.22% -2.87% 10.39% 10.43% N/A 8.85% 10/3/2008

equity—10% International -3.27% -7.98% -5.68% -1.23% 11.77% 12.04% 6.62% 9.77% 4/1/2003

70% equity/30% Fixed Income -1.95% -5.37% -3.65% -0.80% N/A N/A N/A 7.33% 6/21/2013

20% equity/80% Fixed Income -0.31% -1.36% -0.37% 0.50% N/A N/A N/A 3.04% 6/21/2013

Fixed Income 0.64% 0.89% 1.11% 2.24% 1.00% 2.64% 4.16% 4.08% 9/9/2002

Public treasurers’ Inv. Fund: Utah Res. 0.06% 0.16% 0.43% 0.55% 0.56% 0.60% 1.88% 2.92% 11/3/1996

Public treasurers’ Inv. Fund: non-Utah Res. 0.04% 0.11% 0.30% 0.39% 0.37% 0.40% 1.66% 2.80% 11/3/1996

FdIC-Insured 0.05% 0.16% 0.47% 0.63% 0.49% 0.60% N/A 0.64% 2/11/2009

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

Vang

uard

Fun

ds

VG Institutional Total Stock Market Index Fund -2.94% -7.29% -5.63% -0.74% 12.32% 13.12% N/A 13.14% 2/1/2010VG Institutional Index Fund -2.50% -6.48% -5.41% -0.79% 12.18% 13.11% N/A 12.94% 2/1/2010VG Value Index Fund -2.50% -7.33% -7.48% -3.17% N/A N/A N/A 8.47% 6/21/2013VG Growth Index Fund -2.86% -6.06% -3.14% 1.73% N/A N/A N/A 13.21% 6/21/2013VG Mid-Cap Index Fund -3.68% -7.49% -4.74% 1.53% 14.48% 13.44% N/A 14.48% 2/1/2010VG Small-Cap Index Fund -4.51% -10.36% -6.68% -0.34% 12.29% 12.79% N/A 13.88% 2/1/2010VG Small-Cap Value Index Fund -3.62% -9.19% -7.37% -0.12% N/A N/A N/A 9.63% 6/21/2013VG Small-Cap Growth Index Fund -5.56% -11.72% -5.99% -0.69% N/A N/A N/A 7.79% 6/21/2013VG Total International Stock Index Fund -3.92% -11.63% -6.92% -10.86% 2.96% N/A N/A -0.34% 5/6/2011VG Developed Markets Index Fund -4.17% -10.00% -4.14% -8.12% 5.72% 4.04% N/A 4.74% 2/1/2010VG International Value Fund5 -6.05% -13.48% -8.85% -14.07% 3.86% 2.42% N/A 3.16% 2/1/2010VG International Growth Fund -4.08% -13.03% -7.26% -10.03% 4.68% 3.56% N/A 5.48% 2/1/2010VG Emerging Markets Stock Index Fund -3.26% -18.25% -15.17% -18.32% N/A N/A N/A -2.60% 6/21/2013VG Total Bond Market Index Fund 0.74% 1.13% 0.87% 2.55% 1.39% 2.81% N/A 3.56% 2/1/2010VG Short-Term Investment-Grade Fund 0.44% 0.40% 1.28% 1.46% 1.46% N/A N/A 1.90% 8/1/2011VG Short-Term Bond Index Fund 0.47% 0.58% 1.45% 1.76% N/A N/A N/A 1.52% 6/21/2013VG Short-Term Infl.-Prot. Sec. Index Fund -0.02% -0.63% 0.06% -1.45% N/A N/A N/A -1.05% 2/3/2014VG Total International Bond Index Fund 0.58% 1.37% 0.43% 2.90% N/A N/A N/A 4.37% 2/3/2014

Dim

ensio

nal F

und

s

DFA Global Equity Portfolio -3.48% -9.54% -6.64% -5.28% N/A N/A N/A 6.68% 6/21/2013DFA Global Allocation 60/40 Portfolio -1.84% -5.87% N/A N/A N/A N/A N/A -3.25% 2/2/2015DFA Global Allocation 25/75 Portfolio -0.58% -2.16% N/A N/A N/A N/A N/A -1.37% 2/2/2015DFA Five-Year Global Fixed Income Portfolio 0.80% 1.04% N/A N/A N/A N/A N/A 0.12% 4/16/2015DFA U.S. Large Cap Value Portfolio -3.25% -9.40% -8.36% -5.93% N/A N/A N/A 8.79% 6/21/2013DFA U.S. Small Cap Value Portfolio -4.53% -11.77% -9.66% -3.65% N/A N/A N/A 6.04% 6/21/2013DFA Real Estate Securities Portfolio 3.15% 2.41% -3.80% 10.31% N/A N/A N/A 10.47% 6/21/2013DFA International Value Portfolio -6.86% -14.69% -9.05% -13.99% N/A N/A N/A 1.07% 6/21/2013DFA One-Year Fixed Income Portfolio 0.12% 0.06% 0.29% 0.22% N/A N/A N/A 0.19% 6/21/2013

Public Treasurers’ Investment Fund6 0.04% 0.10% 0.27% 0.35% 0.34% 0.38% N/A 0.38% 2/1/2010FDIC-Insured Accounts 0.05% 0.15% 0.45% 0.60% 0.46% 0.58% N/A 0.62% 2/1/2010

Phone 800.418.2551

Fax 800.214.2956

Email info@uesp.org

Website uesp.org

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

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

Contact UESP

6

SAVE FOR COLLEGE. INSPIRE THEIR FUTURE.®

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

Investment Option Performance as of September 30, 2015

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

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

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

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

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