Current rates2
Traditional strategies		Cap rate	Par rate	Charge3
Core strategies	1-Year Multi-Index Monthly Average	9.5%	100%	0.0%
	1-Year S&P 500® Point-to-Point	9.5%	100%	0.0%
	1-Year Uncapped S&P 500® Point-to-Point	10.0%4	100%	0.0%
High-cap strategies	1-Year High-Cap Multi-Index Monthly Average	13.0%	100%	1.0%
	1-Year High-Cap S&P 500® Point-to-Point	11.5%	100%	1.0%
Volatility control strategies (no cap rates apply)		Credit	Par rate	Charge
Plus strategies	1-Year J.P. Morgan MercurySM Plus	0.60%	115%	0.0%
	1-Year BNPP Global H-Factor® Index Plus	0.60%	145%	0.0%
High-participation strategies	1-Year J.P. Morgan MercurySM High Par	NA	135%	0.0%
	1-Year BNPP Global H-Factor® Index High Par	NA	170%	0.0%
High-participation Select strategies	1-Year J.P. Morgan MercurySM High Par Select	NA	175%	1.0%
	1-Year BNPP Global H-Factor® Index High Par Select	NA	220%	1.0%