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 7.5%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%