Investment Plan

Investment Options

The Florida College Investment Plan * offers five investment options. You may select one or any combination of the investment options and you may change the allocation of new contributions as often as you wish. For a more complete description of the investment options, refer to the Florida College Investment Plans Disclosure Statement.

Fixed Income Investment Option

The Fixed Income Investment Option is invested primarily in U.S. Treasury and U.S. Government Agency obligations and in investment grade debt securities issued by corporations including, but not limited to, corporate bonds and commercial mortgage-backed and asset-backed securities. The objective of the Fixed Income Investment Option is to provide a low risk and low volatility alternative for your college investment.

Investment Manager: Columbia Management Advisers, LLC

U.S. Equity Investment Option

The U.S. Equity Investment Option allocates your contributions among a domestic large capitalization value portfolio, an S & P 500 Index portfolio, and a small capitalization equity portfolio. The objective of the U.S. Equity Investment Option is to provide an opportunity for growth of capital over a long investment horizon through participation in equity investments. Given the higher volatility of this option, the risk of loss is greater.

Investment Managers:   Quantitative Management Associates, LLC manages the large capitalization value equity portfolio. Northern Trust Investments, N.A., manages the S & P 500 Index equity portfolio. 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, 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:   Quantitative Management Associates, LLC, manages the large capitalization value equity portfolio. Northern Trust Investments, N.A., manages the S & P 500 Index equity portfolio. Columbia Management Investment Advisers, LLC manages the fixed income portfolio. 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:   Quantitative Management Associates, LLC manages the large capitalization value equity portfolio. Northern Trust Investments, N.A., manages the S& P 500 Index equity portfolio. Columbia Management Investment Advisers, LLC manages the fixed income portfolio. Fiduciary Management, Inc., manages the small capitalization equity portfolio.

Money Market Fund Investment Option

The Investment objective of the Money Market Investment Option is to provide stability of principal value. The fund invests in high-quality short-term fixed income instruments issued and traded in the United States, including commercial paper and other short-term corporate securities, U.S. Government securities and U.S. Department of Treasury securities. The Money Market Investment Option seeks to preserve your capital, obtain high liquidity and achieve current income through investments in high-quality short-term securities.

Investment Manager: StableRiver Capital Management LLC

*The Florida College Investment Plan is different from the Florida Prepaid College Plan. The Florida College Investment Plan is not guaranteed, so you could lose all or a portion of your money invested in the Florida College Investment Plan, and you may not have enough money in your account to cover the qualified higher education expenses of the beneficiary (student). Be sure to read the Florida College Plan Disclosure Statement, including the Participation Agreement.