Oklahoma College Savings Plan

The Managed Allocation Option is the core investment for the Oklahoma College Savings Plan. Investing in the Managed Allocation Option follows the method of using the number of years an investor has for saving to determine the appropriate investment allocation. Aged-based investment portfolios combine equity, real estate, fixed income, and money market mutual funds offered by the TIAA-CREF Institutional Mutual Funds.

The Balanced Option is designed to appeal to moderately conservative and moderately aggressive Account Owners who are willing to accept and can tolerate a degree of volatility in exchange for potentially higher returns over time. This option may be appropriate for use as a single Investment Option, or for use in conjunction with other investment options offered by the program.

The Equity Option provides a blend of domestic and international securities mutual funds which, may provide greater investment return opportunities over the long-term. Given the higher volatility of this option, the risk of loss can be greater over a shorter investment horizon.

The Fixed Income Option is designed for Account Owners who are willing and able to accept some volatility in returns in order to attempt to achieve a long-term rate of return potentially higher than that offered through less volatile investments such as the Guaranteed Option. It may not be appropriate as a single investment option, but may provide a useful means by which to obtain incremental exposure to fixed-income markets as part of an overall college savings strategy.

The Guaranteed Option will be allocated to a vehicle that guarantees OCSP both principal and a minimum annual interest rate of 3%, plus the opportunity for additional returns. The guarantee of a minimum rate of interest is made to OCSP by TIAA-CREF Life Insurance Company, but is not made directly to the account owner or beneficiary. This investment option provides stability that people may want for a portion of their college investment.