1 BlackRock ETP Landscape Report, September 30, 20122 The universe of 64 plans represents the largest 529 plans. Morningstar did not rate 22 of the industry’s smallest plans. A Gold Rating signals that Morningstar has the highest conviction in the plan’s ability to serve college savers well over the long term. A Silver Rating indicates that the plans exhibited many industry best practices, though Morningstar has less conviction in their future success. A Bronze Rating indicates that a plan is likely to outperform the typical 529 plan but is not as strong as the plans with Gold or Silver Ratings. Past performance is no guarantee of future results. 3 iShares 529 Plan Analysis, Morningstar 529 Plan Center, October 13, 2012 4 Source: BlackRock, December 31, 2011 5 Source: Financial Research Corporation, September 30, 2012 6 Contributions to the Plan in a tax year are deductible from Arkansas state income tax, subject to recapture in subsequent years in which non-qualified withdrawals or a rollover out to another state’s 529 plan is made.