Ofi Private Investments Inc
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OFI PRIVATE INVESTMENTS INC. A SUBSIDIARY OF OPPENHEIMERFUNDS, INC. OFI Private Investments New Mexico 529 Quarterly Report Period Ended June 30, 2012 This information is prepared at the specific request of the New Mexico Education Trust Board by OFIPI to assist the Board in carrying out its duties as trustee of the New Mexico Education Trust and is not intended for use with members of the public. OFIPI only initiates changes to the Portfolios upon the Board’s Direction. Investments are not guaranteed and market conditions can have negative and positive effects on performance. The Plan’s investments are subject to investment risks, including the possible loss of principal. For one-on-one discussion purposes only. Program Highlights Program Highlights – Quarter Period Ended 6/30/2012 Assets Accounts* Average Balance Contributions Redemptions Net Flows The Education Plan $355,683,094 20,595 $17,270 $8,532,089 $4,766,483 $3,765,606 Scholar’sEdge $1,607,476,999 134,357 $11,964 $30,271,954 $26,372,712 $3,899,242 Program Total $1,963,160,093 154,952 $12,669 $38,804,043 $31,139,195 $7,664,848 Program Accounts Program Assets ($M) The Education Plan Scholar'sEdge The Education Plan Scholar'sEdge 180,000 $2,000 $332.9 $355.1 $355.7 150,000 20,701 20,587 $322.5 20,563 20,570 20,595 $300.9 $1,500 120,000 90,000 $1,000 $1,611.4 $1,631.9 $1,607.5 138,913 137,068 135,834 134,897 134,357 $1,507.1 60,000 $1,437.4 $500 30,000 0 $0 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 *Accounts are reported as the number of unique owner/beneficiary relationships 1 OFI PRIVATE INVESTMENTS INC. A SUBSIDIARY OF OPPENHEIMERFUNDS, INC. The Education Plan Direct-Sold Plan Direct Plan Account and Asset Growth The Education Plan Account Growth Q2 2012 % ∆ Q/Q % ∆ Y/Y Accounts1 20,595 0.1% (0.5%) Investment accounts 28,363 0.7% 2.4% Unique Account Owners 12,139 0.1% (1.1%) Unique Beneficiaries 20,238 0.1% (0.5%) New Accounts1 221 % Opened online 76.0% The Education Plan Account and Asset Growth Accounts Assets 24,000 $400 $350 20,000 $300 16,000 $250 12,000 $200 $150 8,000 $100 4,000 $50 0 $0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2007 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 1. Accounts are reported as unique owner/beneficiary relationships 3 Direct Plan Accounts by Portfolio The Education Plan Accounts* by Portfolio Portfolio Name 6/30/2011 3/31/2012 6/30/2012 Q/Q Change Y/Y Change Newborn to Age 5 Years Portfolio 2,010 1,708 1,580 (7.5%) (21.4%) Ages 6-8 Years Portfolio 2,847 2,426 2,301 (5.2%) (19.2%) Ages 9-11 Years Portfolio 3,333 3,322 3,265 (1.7%) (2.0%) Ages 12-14 Years Portfolio 2,179 2,383 2,488 4.4% 14.2% Ages 15-17 Years Portfolio 1,512 1,603 1,648 2.8% 9.0% Ages 18 and Over Years Portfolio 1,498 1,646 1,757 6.7% 17.3% Aggressive Portfolio 4,958 4,813 4,803 (0.2%) (3.1%) Moderately Aggressive Portfolio 2,703 2,643 2,665 0.8% (1.4%) Moderate Portfolio 1,730 1,712 1,721 0.5% (0.5%) Conservative Portfolio 1,130 1,134 1,141 0.6% 1.0% Ultra Conservative Portfolio 408 434 442 1.8% 8.3% School Years Portfolio 1,063 1,058 1,063 0.5% 0.0% Short Term Yield Portfolio 1,002 1,032 1,023 (0.9%) 2.1% Total 26,373 25,914 25,897 (0.1%) (1.8%) % in Age Based Portfolios 50.7% 50.5% 50.3% % in Custom Choice Portfolios 49.3% 49.5% 49.7% * Accounts are the number of investment accounts 4 Direct Plan Index Accounts by Portfolio The Education Plan (Index) Accounts* by Portfolio Portfolio Name 6/30/2011 3/31/2012 6/30/2012 Q/Q Change Y/Y Change Newborn to Age 5 Years Index Portfolio 167 280 317 13.2% 89.8% Ages 6-8 Years Index Portfolio 97 122 133 9.0% 37.1% Ages 9-11 Years Index Portfolio 76 129 143 10.9% 88.2% Ages 12-14 Years Index Portfolio 69 105 118 12.4% 71.0% Ages 15-17 Years Index Portfolio 29 76 92 21.1% 217.2% Ages 18 and Over Years Index Portfolio 30 56 74 32.1% 146.7% Aggressive Index Portfolio 252 395 431 9.1% 71.0% Moderately Aggressive Index Portfolio 175 279 300 7.5% 71.4% Moderate Index Portfolio 133 239 254 6.3% 91.0% Conservative Index Portfolio 83 186 200 7.5% 141.0% Ultra Conservative Index Portfolio 111 206 222 7.8% 100.0% School Years Index Portfolio 90 171 182 6.4% 102.2% Total 1,312 2,244 2,466 9.9% 88.0% % in Age Based Index Portfolios 35.7% 34.2% 35.6% % in Custom Choice Index Portfolios 64.3% 65.8% 64.4% * Accounts are the number of investment accounts 5 Direct Plan Assets by Portfolio The Education Plan Assets by Portfolio Portfolio Name 6/30/2011 3/31/2012 6/30/2012 Q/Q Change Y/Y Change Newborn to Age 5 Years Portfolio $17,119,225 $13,796,802 $11,959,473 (13.3%) (30.1%) Ages 6-8 Years Portfolio $35,077,792 $30,902,233 $28,224,145 (8.7%) (19.5%) Ages 9-11 Years Portfolio $49,749,612 $53,047,038 $51,221,436 (3.4%) 3.0% Ages 12-14 Years Portfolio $32,690,466 $39,118,543 $42,050,202 7.5% 28.6% Ages 15-17 Years Portfolio $24,854,417 $28,839,889 $30,605,806 6.1% 23.1% Ages 18 and Over Years Portfolio $20,737,206 $24,210,333 $26,797,257 10.7% 29.2% Aggressive Portfolio $66,545,932 $64,276,549 $61,042,469 (5.0%) (8.3%) Moderately Aggressive Portfolio $25,692,140 $25,478,887 $24,707,346 (3.0%) (3.8%) Moderate Portfolio $13,694,158 $13,655,332 $13,671,028 0.1% (0.2%) Conservative Portfolio $7,800,348 $7,903,292 $8,066,839 2.1% 3.4% Ultra Conservative Portfolio $3,582,154 $3,990,689 $4,131,028 3.5% 15.3% School Years Portfolio $6,799,167 $7,182,056 $7,587,185 5.6% 11.6% Short Term Yield Portfolio $10,727,890 $10,937,861 $11,021,643 0.8% 2.7% Total $315,070,507 $323,339,506 $321,085,857 (0.7%) 1.9% % in Age Based Portfolios 57.2% 58.7% 59.4% % in Custom Choice Portfolios 42.8% 41.3% 40.6% 6 Direct Plan Index Assets by Portfolio The Education Plan (Index) Assets by Portfolio Portfolio Name 6/30/2011 3/31/2012 6/30/2012 Q/Q Change Y/Y Change Newborn to Age 5 Years Index Portfolio $1,053,165 $2,306,868 $2,376,796 3.0% 125.7% Ages 6-8 Years Index Portfolio $1,487,445 $2,441,733 $2,486,363 1.8% 67.2% Ages 9-11 Years Index Portfolio $1,621,847 $3,139,157 $2,983,219 (5.0%) 83.9% Ages 12-14 Years Index Portfolio $1,609,598 $2,524,817 $3,150,187 24.8% 95.7% Ages 15-17 Years Index Portfolio $454,996 $1,884,076 $2,538,986 34.8% 458.0% Ages 18 and Over Years Index Portfolio $441,294 $741,639 $1,220,338 64.5% 176.5% Aggressive Index Portfolio $2,762,203 $4,555,342 $4,781,865 5.0% 73.1% Moderately Aggressive Index Portfolio $2,219,633 $3,071,278 $3,260,742 6.2% 46.9% Moderate Index Portfolio $1,803,334 $3,636,705 $3,621,766 (0.4%) 100.8% Conservative Index Portfolio $953,340 $1,856,473 $2,169,427 16.9% 127.6% Ultra Conservative Index Portfolio $2,375,448 $3,683,391 $3,968,268 7.7% 67.1% School Years Index Portfolio $1,033,186 $1,950,426 $2,039,280 4.6% 97.4% Total $17,815,489 $31,791,906 $34,597,238 8.8% 94.2% % in Age Based Index Portfolios 37.4% 41.0% 42.7% % in Custom Choice Index Portfolios 62.6% 59.0% 57.3% 7 Direct Plan Contribution Details 2012 Automatic Investment Plan (AIP) Summary Plan Contribution Summary Contribution Type Q2 2012 2012 YTD Total AIP Transactions 35,708 Existing Account Contribution $7,133,545 $14,812,674 Total AIP Contributions $3,887,729 Initial Contribution $1,398,544 $2,077,793 Average AIP Contribution $109 Total Contributions $8,532,089 $16,890,467 % of Accounts with an Active AIP 44.7% Average Account Contribution $808 $1,472 2012 Incoming Rollover Summary Total Incoming Rollovers 50 % in Age Based Portfolios 63.4% 64.1% Total Amount $236,755 % in Custom Choice Portfolios 36.6% 35.9% Average Rollover Amount $4,735 The Education Plan Contributions ($M) 2012 Plan Purchases by Method Existing Account Purchase Initial Purchase $12 Wire/Other 2% $10 $1.5 $8 $0.7 ACH $1.0 $1.1 $1.3 70% $6 Check $8.8 $4 $7.7 28% $7.0 $7.1 $7.1 $2 $0 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 8 Direct Plan Contribution Breakdown for Index Portfolios Quarterly Summary Type Dollars Initial Contributions $4,030,491 New Accounts $949,595 Exchanges1 $3,080,896 Subsequent Contributions $1,244,284 Purchase $980,316 Exchange1 $263,968 Total Index Contributions $5,274,775 1.