Utah Educational Savings Plan

Public Treasurers' Investment Fund

Investment Option Characteristics

Money in this investment option is allocated to the Public Treasurers’ Investment Fund (PTIF).

The Public Treasurers’ Investment Fund invests to maintain safety of principal, liquidity, and a competitive return on short-term investments. Securities in the fund include certificates of deposit, money market securities, commercial paper, short-term corporate notes, obligations of the U.S. Treasury, and certain agencies of the U.S. government.

These securities are issued by top-rated, highly credit-worthy corporations and government agencies.

Asset Fee Structure Table

Public Treasurers' Investment Fund Utah Resident Fees Non-Utah Resident Fees
Estimated Underlying Fund Expense Ratios1 (A) 0.000% 0.000%
UESP Administrative Asset Fee2 (B) 0.000% 0.160%
Total Annual Asset-Based Fees (A+B) 0.000% 0.160%

1. The estimated expenses per age bracket or investment option represent the weighted averages of the expense ratios of the applicable underlying mutual funds in which each investment option is invested. The expense ratios for the individual mutual funds are shown in the Program Description. The operating expense ratios of the mutual funds are charged against the investments in the funds on a daily basis. The underlying fund expense ratios apply to the Vanguard and Dimensional funds included as underlying investments in UESP. There are no underlying investment expense ratios assessed on the FDIC-insured accounts. The underlying investment expense ratio for the Public Treasurers' Investment Fund is 0.005 percent, which UESP pays in full. UESP reserves the right to discontinue or limit paying the underlying investment expense ratio on the Public Treasurers' Investment Fund after giving notice to affected account holders.

2. The UESP Administrative Asset Fee is 0.110 to 0.200 percent annually, charged as described in the Fee Structure section of the Program Description (0.0092 to 0.0167 percent per month). The Administrative Asset Fee is waived for all accounts invested in the Public Treasurers’ Investment Fund that are owned by Utah residents.