INVESTMENT PORTFOLIOS. How Are My Program Contributions Invested? Contributions to an Account, less any applicable sales charges under Fee Structure A, C, E, F, G, or H, will be invested in the Portfolio or Portfolios you select on the Enrollment Form. The Portfolios may invest in one or more mutual funds or other investment vehicles in accordance with the Investment Policy Statement. These may include investment funds investing in domestic equity, international equity, real estate, fixed income, money market, or other asset classes. Account Owners should periodically assess, and if appropriate, adjust their investment choices with their time horizon, risk tolerance and investment objectives in mind. The Portfolios described in this Program Disclosure Statement allow Account Owners to direct funds to specific investment categories and strategies established by the Treasurer and as set forth in the Investment Policy Statement.
INVESTMENT PORTFOLIOS. The Borrower has previously delivered to the Administrative Agent for distribution to each of the Lenders true and complete lists as of December 31, 2005 of all assets held in the investment portfolios of the Insurance Companies. None of the investments included in such investment portfolios is in default with respect to the payment of principal, interest or dividends thereon or is materially impaired. All such investments comply with all applicable Legal Requirements except for non-compliance which in the aggregate would not cause a Material Adverse Change. Each Insurance Company owns assets which qualify as admitted assets under applicable state insurance Legal Requirements in an amount at least equal to the sum of all of its Insurance Reserve Liabilities and minimum statutory capital and Insurance Surplus reflected on the latest SAP Financial Statements.
INVESTMENT PORTFOLIOS. How Are My Program Contributions Invested? Contributions to an Account will be invested in the Portfolio or Portfolios you select on the Enrollment Form. The Portfolios may invest in one or more mutual funds or other investment vehicles in accordance with the Investment Policy Statement. These may include investment funds investing in domestic equity, international equity, real estate, fixed income, bank deposits, money market, or other asset classes. Account Owners should periodically assess, and if appropriate, adjust their investment choices with their time horizon, risk tolerance and investment objectives in mind. The Portfolios described in this Program Disclosure Statement allow Account Owners to direct funds to specific investment categories and strategies established by the Treasurer and as set forth in the Investment Policy Statement.
INVESTMENT PORTFOLIOS. The Program has established multiple Investment Portfolios for the investment of assets in an Account. The Investment Portfolios include: (i) Age-Based Investment Portfolios, (ii) Static Investment Portfolios, and (iii) Individual Investment Portfolios, all as further described in the Plan Disclosure Statement. Additional Investment Portfolios may be established in the future. At the time Account Owner completes the Application to establish an Account, Account Owner will select one or more of the Investment Portfolios to be invested in and, if Account Owner selects more than one Investment Portfolio, will designate what portion of the contribution made to the Account should be allocated to each applicable Investment Portfolio. The manner in which assets allocated to each Investment Portfolio are invested, and the risks and benefits associated with each Investment Portfolio, are described in the Plan Disclosure Statement and should be reviewed carefully. Each subsequent contribution made to the Account (whether by Account Owner or any other contributor) will be allocated to the Investment Portfolio, or among the Investment Portfolios, in accordance with the directions provided by Account Owner. In the event that Account Owner fails to provide such a direction at the time a contribution is made, the contribution will be allocated pro rata among the Investment Portfolios in the same manner and to the same class of Units as the most recent contribution was allocated in accordance with the instructions by Account Owner. An Account Owner may reallocate the assets in an Account among the one or more Investment Portfolios then available twice every calendar year. Each contribution allocated to an Investment Portfolio will be allocated to the series within the Trust applicable to such Investment Portfolio. Account Owner understands that all earnings/gains from each Investment Portfolio shall be automatically reinvested in the particular Investment Portfolio.
INVESTMENT PORTFOLIOS. 19 How Are My Plan Contributions Invested? 19 Age-Based Portfolios 20 Target Portfolios 22 Individual Fund Portfolios 23 Can I Change My Investment Election? 26 How Can I Change the Investment of my Current Balance and Future Contributions? 26 How Is the Value of My Account Calculated? 26 How are Units Priced? 26 PERFORMANCE 27 How Have the Portfolios Performed? 27 TABLE OF CONTENTS PLAN FEES AND EXPENSES 31 What Does the Plan Cost? 31 Can I Still Contribute to Fee Structure B? 33 Fee and Expense Tables 33 Hypothetical Expense Example 40 Will My Financial Advisor Be Paid for Providing Assistance With Respect to My Account? 43 FEDERAL AND STATE TAX CONSIDERATIONS 43 What Are the Federal Income Tax Consequences of the Plan? 43 Are Contributions to the Program Tax Deductible? 43 What Are the State of Alabama Income Tax Consequences of the Plan? 43 How Is the Earnings Portion of My Account Calculated for Tax Purposes? 44 What Are the Federal Gift and Estate Tax Considerations of the Plan? 44 Can I Contribute to, or Withdraw from, the Plan and a Xxxxxxxxx Education Savings Account? 44 DISTRIBUTIONS FROM AN ACCOUNT 44 How Do I Request a Distribution From an Account? 44 What Constitutes a Qualified Withdrawal? 45 Should I Document Qualified Higher Education Expenses? 46 Can I Recontribute Refunded Amounts? 46 Can I Make Withdrawals for Other Purposes? 46 What Are the Exceptions to the Federal Penalty Tax? 46 May I Roll Over My Account to Another Qualified Tuition Program? 46 What Happens to an Account if the Designated Beneficiary Does Not Attend College? 47 How Do I Close an Account? 47 OTHER IMPORTANT WITHDRAWAL CONSIDERATIONS 47 Taxable Portion of a Distribution 47 Coordination With American Opportunity and Lifetime Learning Credits 47 Coordination With Xxxxxxxxx Education Savings Account Distributions 47 Coordination With Tuition and Fees Deduction 47 LIMITATIONS AND PENALTIES 47 Are There Limits on Investment Changes? 47 Are There Limits on Transfers to Other State of Alabama Section 529 Programs? 48 Are There Limitations on Transfers Out of the Program? 48 Are There State of Alabama Income Tax Considerations on Transfers Out of the Program? 48 Are There Penalties on Withdrawals From the Plan? 48 OTHER INFORMATION 48 How Will Investment in the Plan Affect My Designated Beneficiary’s Chances of Receiving Financial Aid? 48 Are Contributions Part of an Account Owner’s Bankruptcy Estate? 48 Does Alabama Law Protect Accounts From Creditors? 49 What Kind of Statem...
INVESTMENT PORTFOLIOS. The investment portfolios of Delphos and the Subsidiary consist of securities in marketable form. Except as disclosed in the Delphos Schedules, since September 30, 1999 to the date hereof neither Delphos nor the Subsidiary has incurred any unusual or extraordinary losses in its investment portfolio, and, except for matters of general application to the thrift or banking industry (including, but not limited to, changes in laws or regulations or generally accepted accounting principles) or for events relating to the business environment in general, including market fluctuations and changes in interest rates, Delphos is not aware of any events which are reasonably certain to occur in the future and which reasonably can be expected to result in any material adverse change in the quality or performance of Delphos' and the Subsidiary's investment portfolio on a consolidated basis.
INVESTMENT PORTFOLIOS. The investment portfolios of UBI and the UBI Subsidiaries and affiliates consist of securities in marketable form. Since December 31, 1999, to the date hereof UBI and its affiliates, on a consolidated basis, have not incurred any unusual or extraordinary losses in their respective investment portfolios, and, except for events relating to the business environment in general, including market fluctuations, the management of UBI is not aware of any events which are reasonably certain to occur in the future and which reasonably can be expected to result in any material adverse change in the quality or performance of the investment portfolios of UBI and its affiliates on a consolidated basis.
INVESTMENT PORTFOLIOS. The investment portfolios of the Subsidiary consist of securities in marketable form. Except as disclosed in the BSC Schedules, since September 30, 2002 to the date hereof, the Subsidiary has not incurred any unusual or extraordinary losses in its investment portfolio, and, except for matters of general application to the banking industry (including, but not limited to, changes in laws or regulations or generally accepted accounting principles) or for events relating to the business environment in general, including market fluctuations and changes in interest rates, the management of BSC is not aware of any events which are reasonably certain to occur in the future and which reasonably can be expected to result in any material adverse change in the quality or performance of the Subsidiary’s investment portfolio on a consolidated basis.
INVESTMENT PORTFOLIOS. The investment portfolios of Xxxxx and the Xxxxx Subsidiaries and affiliates consist of securities in marketable form. Since September 30, 2002, to the date hereof Xxxxx and the Xxxxx Subsidiaries, on a consolidated basis, have not incurred any unusual or extraordinary losses in their respective investment portfolios, and, except for events relating to the business environment in general, including market fluctuations, the management of Xxxxx is not aware of any events which are reasonably certain to occur in the future and which reasonably can be expected to result in any material adverse change in the quality or performance of the investment portfolios of Xxxxx and the Xxxxx Subsidiaries on a consolidated basis.
INVESTMENT PORTFOLIOS. The Trustees shall establish two (2) investment portfolios within the Trust Fund pursuant to the Investment Policies, for communication to, and acceptance by, Treasurers and Chief Investment Officers:
