1992-01-13 Regular Meeting - Laserfiche WebLink

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REPORTS AND PERFORMANCE INFORMATION The Trust Co. will remit, by United States Postal Service, a confirmation of each transaction within twenty-four hours from transaction execution. The Trust Co. will forward to each participant a detailed report of all transactions and activity in the participant's account for the previous month within the first five business days of the next month. Additionally, the Trust Co. will permanently maintain this same account report in physical or computer data form. This information will be available to assist in any participant's special research or report requests. From time to time TexPool may quote its "yield" and/or its "total return" in informational or enrollment literature or other media. Both the yield and the total return of TexPool are based on historical earnings and are not intended to indicate guarantees of future performance. All yield information reported to participants will include the disclosure of the period used in the calculation of the yield; for example, the previous 1 day, 7 days, l month, or 1 year. Yield calculations will assume a 360-day year and be compounded daily. The quotation of the previous year's return is a statement of actual performance and will be based solely on actual income received. All other periods are calculated to a comparable 1-year rate by taking the average of the "alloca- tion factors" for the particular period and compounding the result by 360. Such calculations will always reflect the deduction of all fees received by TexPool. Yield information is available through TexPool's toll-free phone number: 1-800-234-LGIP. A complete detail of all investment activity for TexPool is available for public examination in the Trust Co.'s office in Austin during regular business hours. These reports and summary information are presented to TexPool's Advi- sory Board. The Trust Co. will keep confidential all historical account information and current balance of each participant. However, the Trust Co. is subject to the Texas Open Icecords Act. -10-