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Investment Performance

Click here to review the Investment Performance.

The performance tables show each Investment Option's returns over the specified time periods. Performance is calculated from the day on which funds were first invested in an Age Band or Investment Option after it was made available (the "Inception Date"). The performance tables below help illustrate some of the risks of investing Account assets in each Age Band or Investment Option and how investment performance may vary.

The tables set forth under "Age-Based Allocation Options" and "Additional Investment Options" show how the returns of each Age Band, the 100% Equity Option, 100% Fixed Income Option and Balanced Option compare to a customized index benchmark ("Blended Index"). The Blended Index used for each Age Band, the 100% Equity Option, 100% Fixed Income Option and Balanced Option is a customized index combining the Fund benchmarks for each of the Mutual Funds held in that Age Band or Investment Option during the relevant time period weighted according to the allocations of those Mutual Funds and adjusted to reflect any changes in the allocations and the benchmarks during the relevant time period. The Blended Indexes are unmanaged and do not reflect deductions of fees or expenses. The Additional Investment Options table also includes past investment performance information for the Principal Plus Interest Option.

Contributions made to the Age-Based Allocation Option in MESP are invested in portfolios based on the age of the beneficiary. Other investment options include the Principal Plus Interest Option, the 100% Equity Option, the 100% Fixed Income Option the Balanced Option.

To obtain a copy of investment performance information regarding the closed Age Bands of the Age-Based Allocation Option please call toll free 1 877 861-6377.

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The tax information contained on the Michigan Education Savings Program (MESP) Web site is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding tax penalties that may be imposed on the taxpayer. It was written to support the promotion of the products and services addressed in the Web site. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

Investment management, program administration and distribution of The Michigan Education Trust (MET) program is provided solely by the Michigan Department of Treasury. MET is not managed by TIAA-CREF Tuition Financing, Inc. nor is it distributed by TIAA-CREF Individual & Institutional Services, LLC.

The MESP Web site contains links to other Web sites. Neither MESP nor TIAA-CREF Tuition Financing, Inc. and its affiliates are responsible for the content of those other Web sites. The accuracy of information on those sites cannot be confirmed.