You can change the allocation of new contributions as often as you want, and you can transfer money already invested from one investment option to another investment option once per calendar year or upon a change of beneficiary.

The investment options have different levels of risk. So you can select an investment option or options with a level of risk that is comfortable for you.

For a more complete description of the investment options, refer to the Florida College Investment Plan Disclosure Statement.

Fixed Income Investment Option

The Fixed Income Investment Option is invested primarily in U.S. Treasury bonds, corporate bonds and mortgage-backed securities. The objective of the Fixed Income Investment Option is to provide a moderate risk alternative for your college investment.

Investment Manager: United States Trust Company, N.A.

U.S. Equity Investment Option

The U.S. Equity Investment Option allocates your contributions equally among a large capitalization growth portfolio, a large capitalization value portfolio and an S&P 500 Index portfolio. Given the higher volatility of this option, the risk of loss is greater.

Investment Managers: Deutsche Bank Trust Americas d/b/a Deutsche Asset Management, Inc., manages the large capitalization growth equity portfolio. Through a contract with the State Board of Administration of Florida, Quantitative Management Associates manages the large capitalization value equity portfolio. Northern Trust Investments, N.A., manages the S&P 500 Index equity portfolio. And Fiduciary Management, Inc., manages the small capitalization equity portfolio.

Balanced Investment Option

The Balanced Investment Option allocates your contributions equally between the U.S. Equity Investment Option and the Fixed Income Investment Option. The objective of the Balanced Investment Option is to generate long-term growth, but with less short-term volatility than the U.S. Equity Investment Option alone. The portfolio will be rebalanced periodically to maintain a 50 percent allocation to the U.S. Equity Investment Option and a 50 percent allocation to the Fixed Income Investment Option.

Investment Managers: Deutsche Bank Trust Americas d/b/a Deutsche Asset Management, Inc., manages the large capitalization growth equity portfolio. Through a contract with the State Board of Administration of Florida, Quantitative Management Associates manages the large capitalization value equity portfolio. Northern Trust Investments, N.A., manages the S&P 500 Index equity portfolio. And Fiduciary Management, Inc., manages the small capitalization equity portfolio.

Age Based/Years To Enrollment Investment Option

The Age Based/Years To Enrollment Investment Option allocates your contributions between the Fixed Income Investment Option and the U.S. Equity Investment Option based on the beneficiary's age or number of years to college enrollment. The younger the student, the higher the percentage invested in equities. As the student approaches college enrollment, the percentage invested in equities decreases and the percentage invested in fixed income increases.

Investment Managers: Deutsche Bank Trust Americas d/b/a Deutsche Asset Management, Inc., manages the large capitalization growth equity portfolio. Through a contract with the State Board of Administration of Florida, Quantitative Management Associates manages the large capitalization value equity portfolio. Northern Trust Investments, N.A., manages the S&P 500 Index equity portfolio. And Fiduciary Management, Inc., manages the small capitalization equity portfolio.

Money Market Fund Investment Option

The Money Market Fund Investment Option allocates your contributions into a portfolio consisting of short-term fixed income securities, including cash and money market securities. The Money Market Fund Investment Option seeks to preserve your principal investment, obtain high liquidity and achieve current income through investments in short-term securities.

Investment Manager: Trusco Capital Management, Inc.