Performance data represents past performance and is not a guarantee of future performance. Current performance may be higher or lower than the performance presented here.
Investment return will change with market conditions, which means that your investments could be worth more or less than the amount contributed.
To find out how your Portfolio performed today, call
As of 04/30/2013 deposits in the Bank Deposit Account represent 11.61% of the Principal Plus Portfolio.
To calculate the portion of your investments in the Principal Plus Portfolio that are eligible for FDIC coverage, subject to
the $250,000 limit per Participant, use the formula below:
Value of your Principal Plus Portfolio holdings multiplied by the Bank Deposit Account percentage (above)
Example: $10,000 (value) X 9.00% (Bank Deposit percentage) = $900 (the portion of your investments in the Principal Plus Portfolio that are eligible for FDIC coverage)
If you would like additional information on the NextGen Select Series, just click here.
* Capitalized terms used in this section are defined in the NextGen College Investing Plan Program Description and any Supplements thereto. The portion of the underlying deposits in the Bank Deposit Account that is attributable to the Units held by a Participant in the NextGen Savings Portfolio or the Principal Plus Portfolio is (a) eligible for FDIC insurance coverage of up to $250,000 per Participant (calculated on a basis which aggregates that portion of the underlying deposits attributable to the Units held by the Participant in the NextGen Savings Portfolio or the Principal Plus Portfolio with all FDIC-insured assets held by the Participant at the Bank) and (b) for purposes of FDIC insurance coverage only, considered to be held in the same ownership capacity as a Participant’s other single ownership accounts held at the Bank. However, neither Units of the NextGen Savings Portfolio nor the Principal Plus Portfolio are insured or guaranteed by the FDIC or any other agency of state or federal government, FAME, the Bank or the Program Manager, nor does a Participant have a direct beneficial interest or the rights of an owner in the underlying deposits in the Bank Deposit Account. Participants are responsible for monitoring the aggregated value of the portion of the underlying deposits of the NextGen Savings Portfolio or the Principal Plus Portfolio attributable to the Units of such Portfolios held by a Participant plus their other deposits held directly with the Bank, for purposes of the $250,000 FDIC insurance coverage limit. The percentage of the Principal Plus Portfolio that is invested in the Bank Deposit Account as of the end of each month will be posted on www.nextgenplan.com/performance.html within ten business days of month-end. Deposits held in different ownership capacities, as provided in the FDIC rules, are insured separately. UGMA/UTMA Accounts are generally treated as assets of the Designated Beneficiary, and other types of trust Accounts may be treated as assets of the trustee, for purposes of the FDIC limit. Custodians of UGMA/UTMA Accounts and trustees of trust Accounts should consider how these assets will be treated for purposes of the FDIC limit. For more information, please visit www.fdic.gov.