I have a simple question regarding the rankings based upon perfonce scores. It appears, like golf, the lower the score the better the performance. Am I correct? If so, what criteria is used in determining the performance score
You are correct, where the lowest scores were the best ranked in terms of relative performance. Each quarter we compare the reported investment performance of a subset of portfolios from each 529 savings plan. The "performance score" determines the ranking. You can find additional details about our methodology here:
Let me know if you have further added questions.
Brian BoswellVP, Research & Development