Connecticut Higher Education Trust (CHET) Connecticut State Treasurer

Historical Performance

Fund Performance for the Period Ending March 31, 2018

The following tables show the returns of each Investment Option over the time period(s) indicated. For purposes of this discussion, each age band in the age-based Investment Option is considered a separate Investment Option. The tables below compare the average annual total return of an Investment Option (after deducting fees and expenses) to the returns of a benchmark. The benchmark included in the tables combines the benchmark(s) for the underlying investment(s) in which an Investment Option invests weighted according to the allocations to those underlying investment(s) and adjusted to reflect any changes in the allocations, benchmark(s) or both during the relevant time period. Benchmarks are not available for investment, are not managed and do not reflect the fees or expenses of investing. Past performance is not a guarantee of future results. Performance may be substantially affected over time by changes in the allocations and changes in the investments in which an Investment Option invests. Investment returns and the value of your Account will fluctuate, so that your Account, when redeemed, may be worth more or less than the amounts contributed to your Account.

Age-Based Investment Options
Conservative Managed Allocation Option
Historical Fund Performance
Investment Portfolio1Inception DateYear to Date1
Year
3
Year
5
Year
10
Year
Since Inception
Age Band 0-42,308/08/17-1.16%----2.60%
Benchmark-1.38%----2.36%
Age Band 5-82,308/08/17-1.06%----2.40%
Benchmark-1.32%----2.11%
Age Band 9-102,308/08/17-0.97%----2.00%
Benchmark-1.18%----1.77%
Age Band 11-122,308/08/17-0.88%----1.50%
Benchmark-1.05%----1.33%
Age Band 13-142,308/08/17-0.69%----1.40%
Benchmark-0.90%----1.20%
Age Band 152,308/08/17-0.49%----1.20%
Benchmark-0.71%----0.98%
Age Band 162,308/08/17-0.39%----1.20%
Benchmark-0.44%----1.05%
Age Band 172,308/08/17-0.10%----1.10%
Benchmark-0.27%----0.89%
Age Band 18+2,308/08/170.00%----0.90%
Benchmark-0.09%----0.65%
Moderate Managed Allocation Option
Historical Fund Performance
Investment Portfolio1Inception DateYear to Date1
Year
3
Year
5
Year
10
Year
Since Inception
Age Band 0-42,308/08/17-1.33%----4.20%
Benchmark-1.66%----3.81%
Age Band 5-82,308/08/17-1.33%----3.50%
Benchmark-1.52%----3.27%
Age Band 9-102,308/08/17-1.06%----2.90%
Benchmark-1.31%----2.75%
Age Band 11-122,308/08/17-1.06%----2.50%
Benchmark-1.25%----2.33%
Age Band 13-142,308/08/17-1.07%----1.90%
Benchmark-1.22%----1.79%
Age Band 152,308/08/17-0.97%----1.70%
Benchmark-1.18%----1.55%
Age Band 162,308/08/17-0.88%----1.50%
Benchmark-1.05%----1.37%
Age Band 172,308/08/17-0.69%----1.40%
Benchmark-0.84%----1.25%
Age Band 18+2,308/08/17-0.29%----1.40%
Benchmark-0.45%----1.17%
Aggressive Managed Allocation Option
Historical Fund Performance
Investment Portfolio1Inception DateYear to Date1
Year
3
Year
5
Year
10
Year
Since Inception
Age Band 0-42,308/08/17-1.13%----5.10%
Benchmark-1.45%----4.81%
Age Band 5-82,308/08/17-1.04%----4.80%
Benchmark-1.38%----4.51%
Age Band 9-102,308/08/17-1.14%----4.50%
Benchmark-1.36%----4.25%
Age Band 11-122,308/08/17-1.05%----4.00%
Benchmark-1.33%----3.76%
Age Band 13-142,308/08/17-1.05%----3.50%
Benchmark-1.26%----3.25%
Age Band 152,308/08/17-0.96%----3.20%
Benchmark-1.20%----2.90%
Age Band 162,308/08/17-1.06%----2.50%
Benchmark-1.26%----2.27%
Age Band 172,308/08/17-0.97%----2.20%
Benchmark-1.17%----1.93%
Age Band 18+2,308/08/17-0.58%----2.10%
Benchmark3-0.73%----1.90%
Guaranteed Investment Option
Historical Fund Performance
Investment Portfolio1Inception DateYear to Date1
Year
3
Year
5
Year
10
Year
Since Inception
Principal Plus Interest Portfolio503/23/010.44%1.78%1.66%1.56%2.12%2.79%
Multi-Fund Investment Options
Historical Fund Performance
Investment Portfolio1Inception DateYear to Date1
Year
3
Year
5
Year
10
Year
Since Inception
Global Equity Index Option06/20/06-0.30%15.83%8.09%9.19%6.11%6.02%
Benchmark-0.77%15.69%8.09%9.18%6.20%6.28%
Active Global Equity Option11/22/100.62%17.71%9.38%10.65%-9.54%
Benchmark-0.90%15.14%8.28%9.80%-9.63%
High Equity Balanced Option03/22/01-0.55%12.39%7.06%8.20%6.12%5.15%
Benchmark-0.69%12.51%6.98%8.03%6.10%5.79%
Active Fixed-Income Option06/20/06-0.67%1.18%1.60%1.71%3.65%4.26%
Benchmark-0.91%1.56%1.41%1.38%3.47%4.28%
Single-Fund Investment Options
Historical Fund Performance
Investment Portfolio1Inception DateYear to Date1
Year
3
Year
5
Year
10
Year
Since Inception
Global Tactical Asset Allocation Option03/31/150.64%8.46%3.29%--3.29%
Benchmark
Index Fixed-Income Option11/22/10-1.58%0.77%0.86%1.50%-2.32%
Benchmark-1.46%1.20%1.20%1.82%-2.68%
International Equity Index Option03/31/15-0.84%15.19%5.76%--5.76%
Benchmark-1.53%14.80%5.55%--5.55%
Money Market Option4,502/19/080.29%0.89%0.36%0.22%0.21%0.23%
Benchmark0.24%0.66%0.28%0.17%0.24%0.28%
Social Choice Option11/23/07-0.22%14.68%9.74%11.88%9.10%8.22%
Benchmark-0.64%13.81%10.22%13.03%9.62%8.46%
U.S. Equity Index Option03/31/15-0.74%13.64%10.06%--10.06%
Benchmark-0.64%13.81%10.22%--10.22%

The performance data quoted represent past performance and are net of all fees and expenses. Past performance is not a guarantee of future results. Your returns and the principal value of your Account will fluctuate so your investment may be worth more or less than the original value when you withdraw your money. Current performance may be lower or higher than the performance quoted above. Investors cannot invest directly in a benchmark.

1 All performance figures in the table, with the exception of the performance figures in the Year-to-Date column, represent the average annual compound rate of total return. All figures in the Year-to-Date column represent cumulative, non-annualized returns.

2 Beneficiaries are moved from one Age Band to the next Age Band on the first "rolling date" following their fourth, eighth, twelfth, fifteenth and eighteenth birthdays. The "rolling dates" are March 20, June 20, September 20 and December 20 (or the first business day thereafter).

3 These Investments have limited operating histories, so the returns cited above may not be a good indication of how they may perform over a longer time period.

4 Effective August 1, 2011, the Direct Plan Manager and the Connecticut Higher Education Trust Program Trustee have agreed to voluntarily waive the Money Market Option's Direct Plan Manager Fee and Administrative Fee, respectively, as necessary in an attempt to maintain at least a 0.00% return for the Money Market Option. The Direct Plan Manager and the Connecticut Higher Education Trust Program Trustee may discontinue the waiver at any time without notice. Please note that after the waivers, the net return for the Money Market Option may still be negative. The performance data shown for the Money Market Option is net of all waivers then in effect.

5The Money Market Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the portfolio seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the portfolio.


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