Ventura County 401(k) Shared Savings Plan and Ventura County Section 457 Plan IMPORTANT PLAN AND INVESTMENT- RELATED INFORMATION

Transcription

1 Ventura County 401(k) Shared Savings Plan and Ventura County Section 457 Plan IMPORTANT PLAN AND INVESTMENT- RELATED INFORMATION

2 What s Inside COUNTY OF VENTURA maintains the Ventura County 401(k) Shared Savings Plan and the Ventura County Section 457 Plan (the Plans ), which generally allow individuals with a balance in the Plans to direct the investment of their account. To help you better understand certain Plan features, including plan-related information and investment-related information, the Plan Administrator has directed Fidelity Investments ( Fidelity ), a Plan service provider, to collect, consolidate, and provide you with the information in this brochure. Inside, you will find: An overview of how to access and maintain your Plan account Certain Plan information including an explanation of the right to direct investments, any Plan restrictions, and a description of the types of fees and expenses associated with a Plan account Various details about the Plans investment options, which may include historical rates of return, benchmark information, and other fees and restrictions that may be imposed Please review these materials carefully. Although no action is required at this time, please keep this information in mind when managing or monitoring any account you may have in the Plans. If you already have an account with Fidelity in the Ventura County 401(k) Shared Savings Plan or the Ventura County Section 457 Plan and would like to initiate any future changes, log on to SECTION 1: Helping You Manage Your Plan Account... 3 Accessing your Plan account statement Your communication preferences Adding a Beneficiary SECTION 2: Certain Plan Information for You to Review... 4 Understand the right to direct investments in the Plans Learn about restrictions imposed by the Plans Review the types of plan administrative and individual fees and expenses that may be deducted from your account SECTION 3: Evaluating the Plans Investment Options... 8 Review information about the Plans investment options, including historical or stated rates of return, fees and expenses, and restrictions across the available investment options Note: If this is your first time logging on to you will need to register and set up a username and password to access your account. If you already have a username and password for a Fidelity site (including NetBenefits from a previous employer), you do not need to register again. Sincerely, COUNTY OF VENTURA 1

3 SECTION 1: Helping You Manage Your Plan Account This brochure includes important Plan and investment-related information. Additional tools and other resources are available through your Plan s Web site. Your workplace savings plan is an important benefit, and you ll want to monitor your account periodically to help keep your savings plan on track. Accessing Your Plan Account Statement If you have a Plan account, one way to monitor your retirement savings is to periodically review your account statement. Your statement will also display any Plan administrative or individual fees described in this brochure that have been deducted from your Plan account. Remember, on you may do the following: Access your online Fidelity statement, which is continuously available, by logging on to the Web site, selecting your Plan name, and clicking on the Statements tab. Print your Fidelity statement. Keep in mind that you may obtain a paper version (free of charge) by calling your Plan s toll-free number. Change the way Fidelity statements are delivered to you by logging on to your account and visiting Mail Preferences in the Profile section. For additional assistance, log on to or call Your Communication Preferences Prefer ? If you are receiving this brochure in print and would like to receive it electronically, help us to serve you better by providing Fidelity with your address. Simply visit and go to the Profile section. From there, select the Settings link to provide your address and the Mail Preferences link to provide electronic delivery consent. Adding a Beneficiary Assigning beneficiaries is an important task to ensure that, upon your death, your benefits are paid to those you designate to receive them. Using NetBenefits, you will be able to designate or update your beneficiaries for all your eligible plans, submit the information for processing, and receive an online confirmation of your elections. If you have previously assigned beneficiaries, you can review your designations to make sure they are still accurate and up to date. This is especially important if you have experienced a major life event, such as marriage, divorce, the birth of a child, or adoption, among others. Simply visit and go to the Profile section. From there, select the Beneficiaries link to provide your information and update your designations. Visit for information and resources to help you make informed investment decisions, including more detailed information on the Plans investment options. 2 3

4 SECTION 2: Certain Plan Information for You to Review Right to Direct Investments You have the right to direct your account balance, and any future contributions, among the Plans investment options, subject to any restrictions summarized below. Your rights under the Plans and any restrictions are subject to the terms of the Plans. Please refer to your Summary Plan Description. Investment Options The Plans offer a choice of investment options that allow you to create a diversified portfolio to help you meet your individual needs. The Plans investment options, along with certain information about each of them, are listed in Section 3 of this brochure. Fidelity BrokerageLink The Plans also provide access to Fidelity BrokerageLink, which allows you to choose from investments beyond those options offered by the Plans. The Plans fiduciaries do not monitor the investments available in BrokerageLink. Investment Managers Strategic Advisers, Inc., a registered investment advisor and Fidelity Investments company, has been appointed to provide discretionary management through Fidelity Personalized Planning & Advice. Utilizing the investment manager(s) or service(s) identified in this brochure may restrict your ability to direct the investment of all or a portion of your Plan account balance. To enroll, un-enroll, or request additional information, please contact Fidelity. There may be certain restrictions, as summarized below, on how investment directions may be made in the Plans. Exchanges into Fidelity Asset Manager 50% require a $250 minimum unless exchanging all of your available balance (or shares). Exchanges out of Fidelity Asset Manager 50% require a $250 minimum unless exchanging all of your available balance (or shares). Any frequent trading restrictions imposed by the Plans and/or by the Plans investment options are listed in Section 3 of this brochure. Keep in mind, restrictions are subject to change. Exercising Voting, Tender, and Similar Rights You have the right to exercise voting, tender, and similar rights related to the following investments you may have in your Plan account: Mutual Funds If you have an account in either of the Plans, it may be subject to the following types of fees and expenses: Asset-based fees Plan administrative fees and expenses Individual fees and expenses Asset Based Fees Asset-based fees reflect an investment option s total annual operating expenses and include management and other fees. They are often the largest component of retirement plan costs and are paid by all shareholders of the investment option. Typically, asset-based fees are reflected as a percentage of assets invested in the option and often are referred to as an expense ratio. You may multiply the expense ratio by your balance in the investment option to estimate the annual expenses associated with your holdings. Refer to Section 3 of this brochure for information about the Plans investment options, including their expense ratios (where applicable). Asset-based fees are deducted from an investment option s assets, thereby reducing its investment return. Fee levels can vary widely among investment options, depending in part on the type of investment option, its management (including whether it is active or passive), and the risks and complexities of the option s strategy. There is not necessarily a correlation between fees and investment performance, and fees are just one component to consider when determining which investment options are right for you. Plan Administrative Plan administrative fees may include legal, accounting, trustee, recordkeeping, and other administrative fees and expenses associated with maintaining the Plans. In some instances, they may be deducted from individual accounts in the Plans. Based on the information and direction Fidelity had on file at the time this brochure was prepared, the quarterly administrative participant fees have been waived for this calendar year. Although the fee has been waived, the Committee will continue to review the Plan s fee structure annually to evaluate the continuation of the fee suspension. 4 5

5 Individual Individual fees and expenses include those associated with a service or transaction that an individual may select. In some instances, they may be deducted from the accounts of those individuals who utilize the service or engage in the transaction. If you have an account in either of the Plans and you select or execute the following service(s) or transaction(s), the fee(s) outlined below may be deducted from your account based on the information and direction Fidelity had on file at the time this brochure was prepared. As you review this information, please keep in mind that fees are subject to change and that certain individual fees may not be deducted in some circumstances. Type of Individual Fee Personalized Planning & Advice Amount Net advisory fee based on percentage of the average daily balance of eligible assets in your account, per year Also please note that you may incur short-term redemption fees, commissions, and similar expenses in connection with transactions associated with your Plan s investment options. Please see Section 3 for details regarding the specific fees that may apply to the investment options available under the Plans. If any individual fees are actually deducted from your account, they will be reflected on your Plan account statement. A self-directed brokerage account may entail greater risk and is not appropriate for everyone. Additional fees apply to a BrokerageLink account. Please refer to the fact sheet and commission schedule for a complete listing of brokerage fees. This information may be available on or you may request a copy by calling Fidelity at *Applicable to the Ventura County 401(k) Shared Savings Plan only. Loan Setup Fee* Loan Maintenance Fee* Overnight Mailing Fee Qualified Domestic Relations Order (QDRO) Fee $35.00 per loan $15.00 per year per loan $25.00 per transaction $ QDRO processing fee divided between parties ($ participant and $ alternate payee) 6 7

6 SECTION 3: Evaluating the Plans Investment Options This section provides information about the investment options in the Plans including performance, fees and expenses, and any investment restrictions. This data, including performance information, was compiled as of October 9, Additional information about the Plans investment options, including a glossary of investment terms to help you better understand the Plan s investment options, is available online. As you review this information, you may want to think about whether an investment in a particular option, along with your other investments, will help you achieve your financial goals. Keep in mind that the cumulative effect of fees and expenses can substantially reduce the growth of your retirement savings, but is only one of many factors to consider when you decide to invest in an option. Visit the Department of Labor s website at publications/understanding-your-retirement-plan-fees for an example of the long-term effect of fees and expenses. Variable Return Investments The chart below lists the Plans investment options that do not have a fixed or stated rate of return, along with the benchmark against which each investment option s performance is generally measured. Keep in mind that you cannot invest in the benchmark indices, which are set forth in italics on the chart underneath the name of each investment option. Understanding Investment Performance: As you review the following information, please remember that the performance data stated represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance stated. To learn more or to obtain the most recent month-end performance, visit Investment Name Benchmark(s) Asset Class: Target Date 1 Year 5 Year Average Annual Total Return as of 09/30/ Year (if less, since inception*) Inception Date Fidelity Freedom 2005 Fund 2.98% 4.79% 5.49% 11/06/2003 Fidelity Freedom 2010 Fund 4.01% 5.64% 6.38% 10/17/1996 Fidelity Freedom 2015 Fund 4.93% 6.35% 6.75% 11/06/2003 Fidelity Freedom 2020 Fund 5.73% 6.87% 7.08% 10/17/1996 Fidelity Freedom 2025 Fund 6.40% 7.45% 7.62% 11/06/2003 Fidelity Freedom 2030 Fund 7.77% 8.44% 7.98% 10/17/1996 Fidelity Freedom 2035 Fund 9.32% 9.20% 8.49% 11/06/2003 Annual Gross Expense Ratio As a % Per $1,000 Shareholder Fees Frequent Trading Other 0.430% $4.43 N/A N/A 0.460% $4.60 N/A N/A 0.500% $5.00 N/A N/A 0.540% $5.40 N/A N/A 0.570% $5.70 N/A N/A 0.610% $6.10 N/A N/A 0.640% $6.40 N/A N/A 8 9

7 Investment Name Benchmark(s) Asset Class: Target Date (cont d) 1 Year 5 Year Average Annual Total Return as of 09/30/ Year (if less, since inception*) Inception Date Fidelity Freedom 2040 Fund 9.68% 9.31% 8.51% 09/06/2000 Fidelity Freedom 2045 Fund 9.63% 9.33% 8.57% 06/01/2006 Fidelity Freedom 2050 Fund 9.63% 9.33% 8.49% 06/01/2006 Fidelity Freedom 2055 Fund 9.64% 9.36% 8.83%* 06/01/2011 S&P % 13.95% 13.83%* Fidelity Freedom 2060 Fund 9.65% N/A 8.85%* 08/05/2014 S&P % 13.95% 12.87%* Fidelity Freedom Income Fund 1.91% 3.75% 4.50% 10/17/1996 Annual Gross Expense Ratio As a % Per $1,000 Shareholder Fees Frequent Trading Other 0.650% $6.50 N/A N/A 0.650% $6.50 N/A N/A 0.650% $6.50 N/A N/A 0.650% $6.50 N/A N/A 0.650% $6.50 N/A N/A 0.420% $4.20 N/A N/A Asset Class: Asset Allocation Fidelity Asset Manager 20% 2.68% 3.66% 4.99% 10/01/1992 Fidelity Asset Manager 30% 3.75% 4.72% 6.02% 10/09/2007 Fidelity Asset Manager 40% 4.95% 5.63% 6.81% 10/09/2007 Fidelity Asset Manager 50% 5.99% 6.45% 7.67% 12/28/1988 Fidelity Asset Manager 60% 7.17% 7.26% 8.35% 10/09/2007 Fidelity Asset Manager 70% 8.57% 8.05% 8.87% 12/30/1991 Fidelity Asset Manager 85% 10.62% 9.32% 9.74% 09/24/ % $5.30 N/A N/A 0.550% $5.50 N/A N/A 0.560% $5.60 N/A N/A 0.670% $6.70 N/A & 0.730% $7.30 N/A N/A 0.730% $7.30 N/A N/A 0.750% $7.50 N/A N/A 10 11

8 Investment Name Benchmark(s) 1 Year 5 Year Average Annual Total Return as of 09/30/ Year (if less, since inception*) Inception Date Annual Gross Expense Ratio As a % Per $1,000 Shareholder Fees Frequent Trading Other Asset Class: Money Market (or Short Term) GOVERNMENT Fidelity Investments Money Market Government Portfolio Institutional Class 7-Day Yield % as of 09/30/2018: Day Yield Without Reductions % as of 09/30/2018: % 0.46% 0.31% 07/25/1985 CG 3-Month Treasury Bill 1.57% 0.49% 0.32% Asset Class: Managed Income (or Stable Value) Managed Income Portfolio II Class % 1.42% 1.49% 04/20/ Day Yield* % as of 09/30/2018: 1.90 BBgBarc 3M t-bill 1.60% 0.53% 0.36% 0.180% $1.80 N/A N/A N/A 0.570% $5.70 N/A N/A Asset Class: Bond GOVERNMENT Fidelity GNMA Fund -1.09% 1.78% 3.56% 11/08/1985 BBgBarc GNMA -0.89% 1.85% 3.38% Fidelity Government Income Fund -1.58% 1.36% 2.82% 04/04/1979 BBgBarc Government Bond -1.57% 1.34% 2.66% Wells Fargo Government Securities -1.18% 1.62% 3.08% 08/31/1999 Fund Class Inst BBgBarc Int Gov bond -1.18% 0.93% 2.22% PIMCO Long-Term U.S. Government -3.45% 4.21% 6.40% 07/01/1991 Fund Institutional Class BBgBarc US LT Treasury -3.56% 4.41% 5.45% 0.450% $4.50 N/A N/A 0.450% $4.50 N/A N/A 0.540% $5.40 N/A N/A 0.775% $7.75 N/A N/A DIVERSIFIED AMG Managers Loomis Sayles Bond Fund Class I -0.08% 3.28% 6.60% 06/01/1984 BBgBarc Gov/Cred -1.37% 2.23% 3.95% BlackRock Total Return Fund -1.55% 2.95% 5.01% 12/07/2001 Institutional Shares Calvert Bond Portfolio Class I -0.15% 3.06% 4.15% 08/24/1987 Fidelity Total Bond Fund -0.64% 2.88% 5.06% 10/15/ % $8.90 N/A N/A 0.500% $5.00 N/A N/A 0.540% $5.40 N/A N/A 0.450% $4.50 N/A N/A 12 13

9 Investment Name Benchmark(s) 1 Year 5 Year Average Annual Total Return as of 09/30/ Year (if less, since inception*) Inception Date Annual Gross Expense Ratio As a % Per $1,000 Shareholder Fees Frequent Trading Other Asset Class: Bond (cont d) Fidelity U.S. Bond Index Fund -1.31% 2.08% 3.65% 03/08/1990 Institutional Class Janus Henderson Flexible Bond -1.14% 2.23% 4.94% 07/07/1987 Fund Class N Morgan Stanley Institutional Fund Trust Core Plus Fixed Income Portfolio Class Institutional -0.36% 5.10% 5.66% 11/14/ % $0.25 N/A N/A 0.450% $4.50 N/A N/A 0.730% $7.30 N/A N/A Wells Fargo Ultra Short-Term Income Fund Class Inst 1.75% 1.25% 1.76% 08/31/ % $4.70 N/A N/A Western Asset Core Bond Fund -0.66% 3.35% 5.98% 09/04/1990 Class IS HIGH YIELD Columbia Income Opportunities 1.09% 4.90% 7.93% 06/19/2003 Fund Institutional 3 Class BofA ML BB-B CsPy HY Cons 2.26% 5.38% 8.54% Fidelity Capital & Income Fund 4.19% 6.97% 9.96% 11/01/1997 BofA ML US HY/HY Const Bl 2.91% 5.54% 9.39% PIMCO High Yield Fund 1.88% 5.07% 8.41% 12/15/1992 Institutional Class BofA ML BB-B US HY Const 2.26% 5.38% 8.54% INFLATION PROTECTED PIMCO Real Return Fund 0.26% 1.24% 3.89% 01/29/1997 Institutional Class BBgBarc US TIPS 0.41% 1.37% 3.32% 0.450% $4.50 N/A N/A 0.660% $6.60 N/A N/A 0.670% $6.70 Short term trading fees of 1.0% for shares held less than 90 days N/A 0.570% $5.70 N/A N/A 0.880% $8.80 N/A N/A INTERNATIONAL / GLOBAL Fidelity New Markets -4.60% 4.73% 7.87% 05/04/1993 Income Fund JPM EMBI Global -2.94% 4.63% 7.25% 0.820% $8.20 Short term trading fees of 1.0% for shares held less than 90 days N/A 14 15

10 Investment Name Benchmark(s) 1 Year 5 Year Average Annual Total Return as of 09/30/ Year (if less, since inception*) Inception Date Annual Gross Expense Ratio As a % Per $1,000 Shareholder Fees Frequent Trading Other Asset Class: Bond (cont d) PIMCO Global Bond (Unhedged) Fund Institutional Class -0.88% 1.91% 5.11% 11/23/1993 BBgBarc Glbl Agg Unhgd -1.32% 0.75% 2.89% Templeton Global Bond Fund -1.95% 1.98% 5.68% 09/18/1986 Class R6 FTSE WGBI -1.54% 0.20% 2.21% 0.650% $6.50 N/A N/A 0.630% $6.30 N/A N/A Asset Class: Balanced/Hybrid American Beacon Balanced Fund Institutional Class 7.50% 7.78% 8.76% 07/17/1987 Russell 1000 Value 9.45% 10.72% 9.79% Calvert Balanced Portfolio 10.32% 7.73% 7.91% 10/21/1982 Class I Russell % 3.40% 5.94% FPA Crescent Fund 6.46% 6.96% 8.20% 06/02/1993 Fidelity Balanced Fund 11.36% 9.85% 9.79% 11/06/1986 Fidelity Puritan Fund 13.05% 10.30% 9.96% 04/16/1947 Fidelity Strategic Dividend & 7.90% 9.14% 9.67% 12/23/2003 Income Fund Franklin Mutual Shares Fund 6.10% 7.95% 8.22% 07/01/1949 Class R6 Invesco Equity and Income Fund 5.74% 8.49% 9.09% 08/03/1960 Class R6 Russell 1000 Value 9.45% 10.72% 9.79% Janus Henderson Balanced Fund 14.26% 9.47% 9.82% 09/01/1992 Class N 0.600% $6.00 N/A N/A 0.670% $6.70 N/A N/A 1.100% $11.10 N/A N/A 0.460% $4.60 N/A N/A 0.460% $4.60 N/A N/A 0.760% $7.60 N/A N/A 0.690% $6.90 N/A N/A 0.400% $4.00 N/A N/A 0.580% $5.80 N/A N/A 16 17

11 Investment Name Benchmark(s) 1 Year 5 Year Average Annual Total Return as of 09/30/ Year (if less, since inception*) Inception Date Annual Gross Expense Ratio As a % Per $1,000 Shareholder Fees Frequent Trading Other INTERNATIONAL/GLOBAL Asset Class: Domestic Equities LARGE VALUE American Century Large Company Value Fund R6 Class 8.44% 10.10% 9.21% 07/30/1999 Russell 1000 Value 9.45% 10.72% 9.79% Columbia Dividend Income Fund 13.30% 12.62% 11.39% 03/04/1998 Class Y Shares Russell % 13.67% 12.09% Fidelity Equity Dividend Income 8.63% 10.19% 9.05% 08/21/1990 Fund Russell 3000 Value 9.46% 10.65% 9.76% Fidelity Equity-Income Fund 8.52% 9.19% 9.05% 05/16/1966 Russell 3000 Value 9.46% 10.65% 9.76% Fidelity Stock Selector Large Cap 7.46% 9.55% 8.12% 11/15/2001 Value Fund Russell 1000 Value 9.45% 10.72% 9.79% Fidelity Value Discovery Fund 7.31% 10.46% 9.83% 12/10/2002 Russell 3000 Value 9.46% 10.65% 9.76% Invesco Growth and Income Fund 8.23% 10.81% 10.02% 08/01/1946 Class R6 Russell 1000 Value 9.45% 10.72% 9.79% Lord Abbett Affiliated Fund Class R % 11.16% 8.98% 01/03/1950 Russell 1000 Value 9.45% 10.72% 9.79% 0.490% $4.90 N/A N/A 0.580% $5.80 N/A N/A 0.610% $6.10 N/A N/A 0.530% $5.30 N/A N/A 0.730% $7.30 N/A N/A 0.570% $5.70 N/A N/A 0.390% $3.90 N/A N/A 0.380% $3.80 N/A N/A LARGE BLEND DWS Core Equity Fund Class R % 14.35% 12.78% 05/31/1929 Russell % 13.67% 12.09% Fidelity 500 Index Fund 17.88% 13.92% 11.94% 02/17/1988 Institutional Class Oakmark Fund Investor Class 11.84% 12.57% 13.11% 08/05/ % $5.00 N/A N/A 0.015% $0.15 N/A N/A 0.900% $9.00 N/A N/A 18 19

12 Investment Name Benchmark(s) 1 Year 5 Year Average Annual Total Return as of 09/30/ Year (if less, since inception*) Inception Date Annual Gross Expense Ratio As a % Per $1,000 Shareholder Fees Frequent Trading Other Asset Class: Domestic Equities (cont d) LARGE GROWTH Alger Capital Appreciation Fund Class Z 25.97% 16.13% 14.51% 11/01/1993 Russell 1000 Growth 26.30% 16.58% 14.31% American Century Ultra Fund 29.13% 16.83% 14.49% 11/02/1981 R6 Class Russell 1000 Growth 26.30% 16.58% 14.31% ClearBridge Large Cap Growth 23.63% 16.53% 14.41% 08/29/1997 Fund Class IS Russell 1000 Growth 26.30% 16.58% 14.31% Fidelity Blue Chip Growth Fund 29.05% 17.72% 15.70% 12/31/1987 Russell 1000 Growth 26.30% 16.58% 14.31% Fidelity Contrafund 24.80% 15.65% 13.44% 05/17/6719 Fidelity Fund 19.29% 13.34% 10.93% 04/30/1930 Fidelity Growth Company Fund 29.06% 18.56% 16.68% 01/17/1983 Russell 3000 Growth 25.89% 16.23% 14.18% Fidelity Magellan Fund 21.20% 14.74% 11.46% 05/02/1963 Fidelity Stock Selector All Cap 17.28% 13.13% 11.53% 09/28/1990 Fund Fidelity Trend Fund 25.48% 15.90% 14.80% 06/16/5819 Russell 1000 Growth 26.30% 16.58% 14.31% Janus Henderson Forty Fund Class N 24.27% 16.47% 12.81% 05/01/1997 Russell 1000 Growth 26.30% 16.58% 14.31% Loomis Sayles Growth Fund Class N 17.40% 16.14% 13.35% 05/16/1991 Russell 1000 Growth 26.30% 16.58% 14.31% The Hartford Growth Opportunities 28.89% 16.79% 13.63% 02/19/2002 Fund Class Y Russell 3000 Growth 25.89% 16.23% 14.18% 0.880% $8.80 N/A N/A 0.630% $6.30 N/A N/A 0.680% $6.80 N/A N/A 0.620% $6.20 N/A N/A 0.650% $6.50 N/A N/A 0.410% $4.10 N/A N/A 0.750% $7.50 N/A N/A 0.610% $6.10 N/A N/A 0.540% $5.40 N/A N/A 0.670% $6.70 N/A N/A 0.680% $6.80 N/A N/A 0.580% $5.80 N/A N/A 0.770% $7.70 N/A N/A 20 21

13 Investment Name Benchmark(s) 1 Year 5 Year Average Annual Total Return as of 09/30/ Year (if less, since inception*) Inception Date Annual Gross Expense Ratio As a % Per $1,000 Shareholder Fees Frequent Trading Other Asset Class: Domestic Equities (cont d) MID VALUE Fidelity Mid Cap Value Fund 4.51% 9.33% 11.11% 11/15/2001 Russell Midcap Value 8.81% 10.72% 11.29% Fidelity Value Fund 6.81% 9.47% 10.53% 12/01/1978 Russell Midcap Value 8.81% 10.72% 11.29% Lord Abbett Mid Cap Stock Fund 6.43% 8.87% 9.70% 06/28/1983 Class R6 Russell Midcap Value 8.81% 10.72% 11.29% Victory Sycamore Established Value 12.44% 13.19% 12.86% 08/16/1983 Fund Class R6 Russell Midcap Value 8.81% 10.72% 11.29% Wells Fargo C&B Mid Cap Value 8.41% 10.33% 11.48% 07/26/2004 Fund Class Inst Russell Midcap Value 8.81% 10.72% 11.29% Wells Fargo Special Mid Cap Value 4.95% 10.44% 11.85% 04/08/2005 Fund Class R6 Russell Midcap Value 8.81% 10.72% 11.29% 0.690% $6.90 N/A N/A 0.510% $5.10 N/A N/A 0.620% $6.20 N/A N/A 0.540% $5.40 N/A N/A 0.980% $9.80 N/A N/A 0.750% $7.50 N/A N/A MID BLEND Fidelity Extended Market Index 16.13% 11.43% 12.40% 11/05/1997 Fund Premium Class DJ US Completion TSM 16.02% 11.29% 12.34% 0.045% $0.45 N/A N/A MID GROWTH American Century Heritage Fund R6 Class 19.65% 11.10% 11.57% 11/10/1987 Russell Midcap Growth 21.10% 13.00% 13.46% Baron Asset Fund Institutional Class 23.43% 14.45% 12.45% 06/12/1987 Russell Midcap Growth 21.10% 13.00% 13.46% 0.660% $6.60 N/A N/A 1.040% $10.40 N/A N/A Fidelity Growth Strategies Fund 16.46% 12.04% 11.71% 12/28/1990 Russell Midcap Growth 21.10% 13.00% 13.46% 0.630% $6.30 N/A N/A Fidelity Mid-Cap Stock Fund 14.34% 10.90% 12.76% 03/29/1994 S&P MidCap % 11.91% 12.49% 0.510% $5.10 N/A N/A 22 23

14 Investment Name Benchmark(s) 1 Year 5 Year Average Annual Total Return as of 09/30/ Year (if less, since inception*) Inception Date Annual Gross Expense Ratio As a % Per $1,000 Shareholder Fees Frequent Trading Other Asset Class: Domestic Equities (cont d) Fidelity Stock Selector Mid Cap 15.44% 10.85% 11.53% 02/20/1996 Fund S&P MidCap % 11.91% 12.49% Janus Henderson Enterprise Fund 21.18% 15.44% 13.92% 09/01/1992 Class N Russell Midcap Growth 21.10% 13.00% 13.46% 0.700% $7.00 N/A N/A 0.670% $6.70 N/A N/A SMALL VALUE American Beacon Small Cap Value 9.96% 9.96% 11.25% 12/31/1998 Fund Class Institutional Russell 2000 Value 9.33% 9.91% 9.52% 0.830% $8.30 N/A N/A Fidelity Small Cap Value Fund 8.84% 9.84% 11.91% 11/03/2004 Russell 2000 Value 9.33% 9.91% 9.52% 0.910% $9.10 Short term trading fees of 1.5% for shares held less than 90 days N/A MFS New Discovery Value Fund 13.39% 11.45% 12.89%* 05/26/2011 Class R6 Russell 2000 Value 9.33% 9.91% 10.74%* 0.970% $9.70 N/A N/A SMALL BLEND Fidelity Small Cap Discovery Fund 6.45% 7.61% 13.11% 09/26/2000 Russell % 11.07% 11.11% 0.690% $6.90 Short term trading fees of 1.5% for shares held less than 90 days N/A Loomis Sayles Small Cap Value Fund 6.28% 9.86% 10.87% 05/13/1991 Class N Russell 2000 Value 9.33% 9.91% 9.52% 0.880% $8.80 N/A N/A SMALL GROWTH Fidelity Small Cap Growth Fund 29.69% 16.14% 14.98% 11/03/2004 Russell 2000 Growth 21.06% 12.14% 12.65% 1.020% $10.20 Short term trading fees of 1.5% for shares held less than 90 days N/A Hartford Small Cap Growth Fund 17.73% 12.13% 13.86% 02/19/2002 Class Y Russell 2000 Growth 21.06% 12.14% 12.65% 0.790% $7.90 N/A N/A Neuberger Berman Genesis Fund Class R % 11.02% 10.63% 09/27/1988 Russell % 11.07% 11.11% Virtus KAR Small-Cap Core Fund 26.86% 16.04% 14.95% 10/18/1996 Class R6 Russell % 11.07% 11.11% 0.770% $7.70 N/A N/A 1.000% $10.00 N/A N/A 24 25

15 Investment Name Benchmark(s) 1 Year 5 Year Average Annual Total Return as of 09/30/ Year (if less, since inception*) Inception Date Annual Gross Expense Ratio As a % Per $1,000 Shareholder Fees Frequent Trading Other Asset Class: Domestic Equities (cont d) DIVERSIFIED American Beacon International Equity Fund Institutional Class 1.77% 3.53% 5.38% 08/07/1991 MSCI EAFE (N) 2.74% 4.42% 5.38% Fidelity Diversified International 2.48% 5.55% 5.71% 12/27/1991 Fund MSCI EAFE (Net MA) 2.96% 4.60% 5.54% Fidelity International Capital 5.30% 8.54% 9.57% 11/01/1994 Appreciation Fund MSCI AC Wld xus (Net MA) 1.94% 4.28% 5.34% Fidelity International Discovery 1.27% 5.29% 6.13% 12/31/1996 Fund MSCI EAFE (Net MA) 2.96% 4.60% 5.54% Fidelity International Growth Fund 5.28% 6.38% 8.31% 11/01/2007 MSCI EAFE Growth (Net MA) 6.04% 5.78% 6.34% Fidelity International Index Fund 2.64% 4.47% 5.31% 11/05/1997 Premium Class MSCI EAFE (Net MA) 2.96% 4.60% 5.54% 0.730% $7.30 N/A N/A 0.820% $8.20 N/A N/A 1.120% $11.20 N/A N/A 0.820% $8.20 N/A N/A 1.030% $10.30 N/A N/A 0.045% $0.45 N/A N/A Fidelity International Small Cap 1.45% 7.98% 10.24% 09/18/2002 Fund MSCI ACWI xus SmCp Net MA 1.99% 6.27% 8.98% 1.250% $12.50 Short term trading fees of 2% for shares held less than 90 days N/A Fidelity International Small Cap 6.01% 8.83% 9.11% 08/02/2005 Opportunities Fund MSCI EAFE Sm Cap (Net MA) 3.88% 8.10% 9.79% 1.130% $11.30 Short term trading fees of 2% for shares held less than 90 days N/A Fidelity Overseas Fund 3.59% 7.81% 6.55% 12/04/1984 MSCI EAFE (Net MA) 2.96% 4.60% 5.54% 0.890% $8.90 N/A N/A Fidelity Total International Equity 1.75% 4.98% 6.02% 11/01/2007 Fund MSCI AC Wld exus (Net MA) 1.94% 4.28% 5.34% 1.150% $11.50 Short term trading fees of 1.0% for shares held less than 30 days N/A Franklin Mutual Global Discovery Fund Class R6 3.22% 6.85% 7.89% 12/31/1992 MSCI World (N) 11.24% 9.28% 8.56% Hartford International Growth Fund 3.82% 6.56% 6.48% 04/30/2001 Class Y MSCI ACWI x US Growth Net 3.08% 5.32% 5.83% 0.850% $8.50 N/A N/A 1.020% $10.20 N/A N/A 26 27

16 Investment Name Benchmark(s) 1 Year 5 Year Average Annual Total Return as of 09/30/ Year (if less, since inception*) Inception Date Annual Gross Expense Ratio As a % Per $1,000 Shareholder Fees Frequent Trading Other Asset Class: Domestic Equities (cont d) Templeton Foreign Fund Class R6-0.25% 2.78% 5.69% 10/05/1982 MSCI AC Wld ex US (N) 1.76% 4.12% 5.18% Transamerica International Equity R6 2.37% 4.45% 6.74% 12/18/1992 MSCI EAFE (G) 3.25% 4.90% 5.87% Oppenheimer International Growth -1.86% 3.89% 7.48% 03/25/1996 Fund Class I MSCI AC Wld ex US (N) 1.76% 4.12% 5.18% 0.740% $7.40 N/A N/A 0.790% $7.90 N/A N/A 0.690% $6.90 N/A N/A EMERGING MARKETS Fidelity Emerging Europe, Middle East, Africa (EMEA) Fund 4.14% 2.70% 5.16% 05/08/2008 MSCI EM Eur ME Africa (G) -2.14% -2.30% 1.17% 1.390% $13.90 Short term trading fees of 1.5% for shares held less than 90 days N/A N/A = Not Applicable/None = Not Available Investment Frequent trading in this investment option and/or other investment options subject to such restrictions will result in the limitation or prohibition of additional purchases (other than contributions and loan repayments) for 85 calendar days or a 12 month period. & Exchanges in or out of this fund require a $250 minimum unless exchanging all of your available balance (or shares). You are not permitted to make a direct exchange between the following funds which are considered Competing Funds : Managed Income Portfolio II Class 1 and Templeton Global Bond Fund Class R6 Managed Income Portfolio II Class 1 and Wells Fargo Ultra Short-Term Income Fund Class Inst Expense Ratio Footnotes For a mutual fund, the expense ratio is the total annual fund or class operating expenses (before waivers or reimbursements) paid by the fund and stated as a percent of the fund s total net assets. Where the investment option is not a mutual fund, the figure displayed in the expense ratio field is intended to reflect similar information. However, it may have been calculated using methodologies that differ from those used for mutual funds. Mutual fund data has been drawn from the most recent prospectus. For non-mutual fund investment options, the information has been provided by the trustee or plan sponsor. When no ratio is shown for these options it is due to the fact that none was available. Nevertheless, there may be fees and expenses associated with the investment option. Managed Income Portfolio II Class 1 and Fidelity BrokerageLink Managed Income Portfolio II Class 1 and Fidelity Investments Money Market Government Portfolio Institutional Class Before exchanging between these funds, you must first exchange to a non-competing fund for 90 days. These requirements are typically imposed by issuers such as insurance companies, banks, or other approved financial institutions as a condition for issuing investment contracts to retirement plans

17 Investment Risk Lower-quality debt securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Investments in mid-sized companies may involve greater risk than those of larger, more well known companies, but may be less volatile than investments in smaller companies. Investments in smaller companies may involve greater risk than those in larger, more well known companies. Foreign investments, especially those in emerging markets, involve greater risk and may offer greater potential returns than U.S. investments. This risk includes political and economic uncertainties of foreign countries, as well as the risk of currency fluctuation. You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund s sponsor, have no legal obligation to provide financial support to money market funds and you should not expect that the sponsor will provide financial support to the fund at any time. Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market or economic developments. In general the bond market is volatile and bonds entail interest rate risk (as interest rates rise bond prices usually fall and vice versa). This effect is usually pronounced for longer-term securities. Bonds also entail the risk of issuer default, issuer credit risk and inflation risk. Fidelity Freedom Funds are designed for investors expecting to retire around the year indicated in each fund s name. Except for the Freedom Income Fund, the funds asset allocation strategy becomes increasingly conservative as it approaches the target date and beyond. Ultimately, they are expected to merge with the Freedom Income Fund. The investment risks of each Fidelity Freedom Fund change over time as its asset allocation changes. They are subject to the volatility of the financial markets, including equity and fixed income investments in the U.S. and abroad and may be subject to risks associated with investing in high yield, small cap and, commodity-related, foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates. Fidelity s government and U.S. Treasury money market funds will not impose a fee upon the sale of your shares, nor temporarily suspend your ability to sell shares if the fund s weekly liquid assets fall below 30% of its total assets because of market conditions or other factors. Additional Performance Information *Performance provided is Life of Fund, which is since the inception date noted, when the investment option has been in existence for less than 10 years. Life of fund figures are from the inception date to the period shown. For unitized funds, the inception date shown may be that of the fund s underlying investment option. For non-mutual fund pools and trusts whose strategies may be offered to multiple clients and whose returns may be based on a composite, the inception date shown may be the beginning date of the composite s returns. Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of Fund figures are reported as of the inception date to the period indicated. These figures do not include the effect of sales charges, if any, as these charges are waived for contributions made through your company s employee benefit plans. If sales charges were included, returns would have been lower. The current yield of the money market mutual fund listed above reflects the current earnings of the fund, while the total return refers to a specific past holding period. The yield without applicable waivers or reimbursements, whenever Fidelity is subsidizing all or a portion of the fund s expenses as of the current reporting period. Absent such waivers or reimbursements, the returns would have been lower. Waivers and/or reimbursements may be discontinued any time. Fidelity Freedom 2005 Fund, Fidelity Freedom 2035 Fund, Fidelity Freedom Income Fund : On July 20, 2017, an initial offering of the Fidelity Freedom K class took place. Returns and expenses prior to that date are those of the Freedom (retail) class. Had K class expenses been reflected in the returns shown, total returns would have been higher. Fidelity Freedom 2010 Fund, Fidelity Freedom 2015 Fund, Fidelity Freedom 2020 Fund, Fidelity Freedom 2025 Fund, Fidelity Freedom 2030 Fund, Fidelity Freedom 2040 Fund, Fidelity Freedom 2045 Fund, Fidelity Freedom 2050 Fund, Fidelity Freedom 2055 Fund, Fidelity Freedom 2060 Fund : On July 20, 2017, an initial offering of the Fidelity Freedom K class took place. Returns and expenses prior to that date are those of the Freedom (retail) class. Had K class expenses been reflected in the returns shown, total returns would have been higher. Managed Income Portfolio II Class 1: This investment option is not a mutual fund. Fidelity Stock Selector Mid Cap Fund: Initial offering of the Fidelity Stock Selector Mid Cap Retail Class took place on June 6, Returns prior to that date are those of the Fidelity Advisor Stock Selector Mid Cap Class I and reflect the Class I s expense ratio. Had the Fidelity Stock Selector Mid Cap Retail Class expense ratio been reflected, total returns would have been lower. Managed Income Portfolio II Class 1: Management Fee includes the costs associated with managing the investments in the pool. The management fee does not include the wrap contract fees, which are paid to third party wrap providers and do not result in any additional compensation to Fidelity. The wrap contract fees are not separately stated but are included in the Expense Ratio and do reduce returns. Fidelity Total International Equity Fund: Fidelity is voluntarily reimbursing a portion of the fund s expenses. If Fidelity had not, the returns would have been lower. Fidelity Investments Money Market Government Portfolio Institutional Class: Fidelity is voluntarily reimbursing a portion of the fund s expenses. If Fidelity had not, the returns would have been lower. Lord Abbett Affiliated Fund Class R6: Russell 1000 Index is a market capitalization-weighted index designed to measure the performance of the large-cap segment of the U.S. equity market. Loomis Sayles Small Cap Value Fund Class N: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 02/01/2013. These an inception date of 05/13/1991, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher.) Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself

18 Loomis Sayles Growth Fund Class N: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 02/01/2013. These an inception date of 05/16/1991, adjusted to reflect the fees and expenses of this share class information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Calvert Balanced Fund Class I: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 02/26/1999. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 10/21/1982, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher.) Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Victory Sycamore Established Value Fund Class R6: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 03/04/2014. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 08/16/1983, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher.) Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Columbia Income Opportunities Fund Institutional 3 Class: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 03/07/2011. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 06/19/2003, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher.) Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Neuberger Berman Sustainable Equity Fund Class R6: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 03/15/2013. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 03/16/1994, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher.) Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. ClearBridge Large Cap Growth Fund Class IS: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 03/15/2013. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 08/29/1997, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher.) Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Neuberger Berman Genesis Fund Class R6: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 03/15/2013. These an inception date of 09/27/1988, adjusted to reflect the fees and expenses of this share class information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Oppenheimer International Growth Fund Class I: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 03/29/2012. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 03/25/1996, adjusted to reflect the fees and expenses of this share class information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Calvert Bond Fund Class I: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 03/31/2000. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 08/24/1987, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher.) Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. AMG Managers Loomis Sayles Bond Fund Class I: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 04/01/2013. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 06/01/1984, adjusted to reflect the fees and expenses of this share class information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Franklin Mutual Shares Fund Class R6: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 05/01/2013. These an inception date of 07/01/1949, adjusted to reflect the fees and expenses of this share class information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Templeton Global Bond Fund Class R6: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 05/01/2013. These an inception date of 09/18/1986, adjusted to reflect the fees and expenses of this share class information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself

19 Templeton Foreign Fund Class R6: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 05/01/2013. These an inception date of 10/05/1982, adjusted to reflect the fees and expenses of this share class information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Franklin Mutual Global Discovery Fund Class R6: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 05/01/2013. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 12/31/1992, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher.) Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Baron Asset Fund Institutional Class: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 05/29/2009. These an inception date of 06/12/1987, adjusted to reflect the fees and expenses of this share class information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Transamerica International Equity R6: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 05/29/2015. These an inception date of 12/18/1992, adjusted to reflect the fees and expenses of this share class information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Janus Henderson Forty Fund Class N: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 05/31/2012. These an inception date of 05/01/1997, adjusted to reflect the fees and expenses of this share class information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Janus Henderson Flexible Bond Fund Class N: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 05/31/2012. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 07/07/1987, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher.) Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Janus Henderson Balanced Fund Class N: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 05/31/2012. These an inception date of 09/01/1992, adjusted to reflect the fees and expenses of this share class information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Wells Fargo Special Mid Cap Value Fund Class R6: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 06/28/2013. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 04/08/2005, adjusted to reflect the fees and expenses of this share class (when this share class s fees and expenses are higher.) Please refer to a fund s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Lord Abbett Affiliated Fund Class R6: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 06/30/2015. These an inception date of 01/03/1950, adjusted to reflect the fees and expenses of this share class information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Lord Abbett Mid Cap Stock Fund Class R6: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 06/30/2015. These an inception date of 06/28/1983, adjusted to reflect the fees and expenses of this share class information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. MFS New Discovery Value Fund Class R6: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 07/02/2012. These an inception date of 05/26/2011, adjusted to reflect the fees and expenses of this share class information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself. Janus Henderson Enterprise Fund Class N: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class s actual inception of 07/12/2012. These an inception date of 09/01/1992, adjusted to reflect the fees and expenses of this share class information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself