*The recordkeeping fee is compensation for administering, reporting and maintaining a history of IRA owner activities. Management services are not provided and no management fee is charged. Visit our website at www.srslivewell.com to obtain current month-end performance figures. The performance data quoted represents past performance. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Please consider the fund's investment objectives, risks, charges and expenses carefully before investing. The fund prospectuses contain this and other information including the funds' investment objectives, risks, charges and expenses. To obtain current fund prospectuses, you can call 866.747.3421. Please read these prospectuses carefully. Standardized w/ Recordkeeping Fee* Non-Standardized Without Recordkeeping Fee (08/31/18) 1 Annuaized 5 1 3 1 LARGE VALUE American Century Value R 5.49 8.26 7.90 5.70 0.76 5.72 2.49 5.01 13.96 11.45 9.99 8.76 6.85 9/1/1993 1.48 1.48 BlackRock Equity Dividend Inv A 8.23 9.72 7.06 9.19 1.53 6.32 2.24 5.65 14.94 14.49 11.77 8.84 10.21 11/25/1987 0.98 0.98 Columbia Dividend Opportunity R 7.05 7.90 7.82 8.01 1.12 4.48 1.64 3.66 13.09 11.75 9.52 9.08 9.13 8/1/1988 1.23 1.23 Columbia Select Large-Cap Value R 21 9.82 10.44 8.64 9.52 0.34 4.63 1.65 2.28 15.24 14.35 11.67 9.78 10.55 4/25/1997 1.43 1.05 JHancock Disciplined Value R1 7.90 8.61 8.24 12.14 1.89 5.83-0.61 3.94 14.31 11.61 10.36 9.49 13.53 5/3/1993 1.46 1.45 PIMCO StocksPLUS R 12.41 11.91 9.26 8.44 3.23 7.54 3.06 8.92 18.50 15.22 13.91 10.82 9.63 5/13/1993 1.22 1.21 Pioneer Equity Income R 8.78 10.62 7.56 8.81 0.37 4.01 1.83 3.74 12.91 13.46 12.13 8.79 9.81 7/25/1990 1.41 1.41 LARGE BLEND American Century Sustainable Equity R 14.27 11.01 8.29 8.14 3.41 7.14 1.20 8.70 20.60 14.77 13.08 9.87 9.43 8/31/2004 1.35 1.35 ClearBridge Dividend Strategy R 7.01 8.99 6.77 10.20 1.97 7.25 1.79 4.52 12.32 13.95 10.98 8.46 11.78 10/24/1983 1.39 1.39 Columbia Contrarian Core R 7.56 11.09 9.21 12.59 2.41 7.30 1.64 5.68 12.78 12.88 12.62 10.67 14.07 12/14/1992 1.29 1.29 Fidelity Advisor Large Cap M 10.88 10.90 9.49 7.01 2.06 7.25 3.91 7.41 17.75 13.93 12.25 11.08 8.05 2/20/1996 1.17 1.17 Franklin Rising Dividends R 11.39 9.69 8.55 6.98 1.68 6.88 3.22 6.70 17.83 14.53 11.30 9.71 8.09 1/14/1987 1.15 1.15 JHancock Fundamental Large Cap Core R1 8.83 11.19 5.86 12.22 3.61 7.39 2.25 7.18 13.86 13.54 12.83 8.31 13.59 5/3/1993 1.44 1.44 Lord Abbett Fundamental Equity R3 4.59 7.82 7.10 5.61 1.56 5.32-0.56 2.59 11.36 11.06 9.39 8.45 6.86 1/3/1994 1.21 1.21 Oppenheimer Main Street R 5.56 10.75 7.57 5.00 3.32 7.47 3.16 6.31 10.70 12.52 12.37 9.34 6.12 2/3/1988 1.19 1.19 LARGE GROWTH Alger Capital Appreciation Instl R 21.98 14.86 10.12 11.83 4.39 7.36 6.60 16.82 24.08 16.73 16.17 11.96 13.00 11/8/1993 1.62 1.62 American Century Disciplined Growth R 17.32 12.51 9.34 8.29 5.08 7.77 4.59 13.19 21.79 15.84 14.17 11.21 9.59 9/30/2005 1.52 1.52 American Century Ultra R 24.03 15.78 10.15 7.85 6.17 10.50 7.29 20.26 29.10 19.09 17.12 12.25 9.18 11/2/1981 1.48 1.48 ClearBridge Aggressive Growth R 10.81 9.50 8.94 6.58 2.13 7.11 5.42 10.33 14.27 9.53 10.70 10.29 7.66 10/24/1983 1.42 1.42 ClearBridge Large Cap Growth R 19.09 14.87 11.33 8.55 3.82 8.03 5.14 15.35 25.39 17.59 16.90 12.56 9.95 9/16/1985 1.37 1.37 Fidelity Advisor New Insights M 20.10 13.14 8.60 10.54 3.40 6.27 5.37 13.46 22.60 16.27 14.35 10.60 11.63 7/31/2003 1.18 1.18 Franklin DynaTech R 25 28.09 17.50 11.63 18.65 6.90 9.05 6.61 23.57 30.98 22.03 18.85 13.61 20.17 1/2/1968 1.15 1.14 Ivy Large Cap Growth R 24.68 14.95 8.85 8.17 4.97 7.71 5.83 18.00 26.88 16.96 16.73 10.48 9.46 6/30/2000 1.46 1.46 Pioneer Fundamental Growth R 36 11.35 12.70 9.99 11.63 3.74 8.48 3.14 11.37 16.73 13.88 14.40 11.40 13.37 8/22/2002 1.42 1.40 T. Rowe Price Blue Chip Growth R 26.22 17.25 11.62 10.80 3.81 6.42 5.57 18.12 27.39 19.44 18.36 13.24 11.91 6/30/1993 1.23 1.23 T. Rowe Price Growth Stock R 21.39 16.15 10.83 10.65 3.33 6.25 5.74 15.07 22.10 17.28 17.09 12.51 11.70 4/11/1950 1.17 1.17 16407M 1 REV 09-18
MID CAP VALUE 1 Annuaized 5 1 3 American Century Mid Cap Value R N/A N/A N/A N/A 0.39 4.57 1.33 3.52 12.42 12.33 12.15 10.87 9.35 3/31/2004 1.51 1.48 DWS Mid Cap Value R 22 3.61 8.54 7.31 8.36 0.87 2.09-0.39-1.07 7.58 7.28 9.49 8.76 9.43 6/28/2002 1.59 1.49 Lord Abbett Calibrated Mid Cap Value 2.04 4.66 5.90 5.23 1.22 1.66-0.23 0.60 3.11 6.12 5.58 7.01 6.11 4/1/1971 1.10 1.10 Janus Henderson Mid Cap Value R 5.98 8.15 6.66 10.33-0.06 2.46 1.52 1.48 9.91 10.79 9.24 7.44 11.24 8/12/1998 1.22 1.22 Prrudential QMA Mid-Cap Value R -1.46 0.98 1.53 0.41 1.33-0.42-0.06 0.11 2.40 1.91 2.43 9/14/2010 2.08 2.08 MID CAP BLEND ClearBridge Mid Cap R 4.48 8.84 7.74 9.36 1.98 4.74 2.32 3.97 10.81 8.41 9.56 8.87 10.51 9/1/1998 1.46 1.45 Fidelity Advisor Value Strategies M 6.74 8.27 7.63 8.66 1.15 4.42 4.00 1.79 8.88 9.57 9.17 8.68 9.52 12/30/1983 1.13 1.13 First Investors Opportunity A 8.11 9.36 8.57 8.17 1.27 4.24 2.57 3.29 13.50 9.40 9.96 9.69 9.08 8/24/1992 1.21 1.21 MID CAP GROWTH Calvert Mid-Cap A 20 10.80 7.67 6.83 7.10 2.68 6.31 4.84 10.66 18.07 7.68 8.80 8.72 8.08 8/24/1987 1.34 1.21 Eaton Vance Atlanta Capital SMID-Cap R 16.77 13.13 12.72 14.80 4.41 8.87 3.56 12.89 26.64 17.06 15.05 13.91 16.33 4/30/2002 1.44 1.44 Fidelity Advisor Mid Cap II M 12.60 10.59 7.49 9.40 1.52 3.95 2.39 6.38 17.64 11.91 11.29 8.89 10.38 8/12/2004 1.29 1.29 Ivy Mid Cap Growth R 24.05 11.15 10.58 8.72 6.44 9.55 6.28 20.52 32.41 16.71 12.58 12.35 10.11 6/30/2000 1.63 1.63 Oppenheimer Discovery Mid Cap Growth R 17.65 12.42 8.36 7.38 6.85 8.47 3.51 15.27 25.21 14.33 13.61 10.12 8.63 11/1/2000 1.37 1.37 SMALL CAP VALUE Ivy Small Cap Core R 15.42 11.53 10.00 13.23 4.72 8.80 11.72 15.20 26.16 17.82 14.05 11.03 15.01 1/31/1997 1.68 1.68 Janus Henderson Small Cap Value R 7.34 10.04 9.56 11.85 0.95 3.52 3.44 3.33 13.56 12.86 11.30 9.74 12.84 2/14/1985 1.64 1.64 Royce Opportunity R 15.47 9.83 9.51 6.04 2.86 4.89 6.54 8.57 21.64 17.35 11.05 10.15 7.17 11/19/1996 1.82 1.82 SMALL CAP BLEND Fidelity Advisor Small Cap M 8.06 8.80 7.10 9.34 2.49 5.40 1.94 7.04 15.80 8.75 10.21 8.43 10.36 9/9/1998 1.28 1.28 Oppenheimer Main Street Small Cap R 13.37 10.88 10.29 5.82 8.69 8.34 15.22 23.88 14.43 12.39 12.19 5/17/2013 1.45 1.45 Transamerica Small/Mid Cap Value A 8.87 10.49 8.11 10.83 2.10 6.43 3.34 6.67 15.91 14.38 11.68 10.44 11.83 4/2/2001 1.28 1.28 SMALL CAP GROWTH ClearBridge Small Cap Growth R 31.43 12.58 10.50 9.23 9.26 13.56 11.99 32.55 47.61 21.05 14.26 12.26 10.95 7/1/1998 1.49 1.49 Ivy Small Cap Growth R 21.25 12.69 11.65 9.13 9.68 9.85 7.06 21.84 34.52 18.12 14.34 13.59 10.56 9/21/1992 1.66 1.66 Janus Henderson Triton R 21.11 14.25 12.88 17.07 5.95 9.24 4.82 18.38 29.29 18.09 15.90 14.22 18.58 2/25/2005 1.42 1.42 INTERNATIONAL LARGE Standardized w/ Recordkeeping Fee* LIVEWELL MUTUAL FUND IRA (as of 08/31/18) Non-Standardized Without Recordkeeping Fee (08/31/18) Aberdeen International Equity R 1.00 1.48-0.23 5.62-2.10 0.14-3.48-4.44 0.81 6.47 2.18 1.99 6.39 8/30/2000 1.72 1.72 First Investors International A 5.66 5.62 3.13 4.11-1.35-0.25 0.50-1.59 3.64 8.82 6.37 4.72 4.84 6/27/2006 1.58 1.58 Ivy International Core Equity R 3.60 6.44 3.39 6.62-2.90-2.80-1.65-4.00 2.94 5.70 6.31 4.83 6.98 5/13/1997 1.53 1.53 Lord Abbett Intl Dividend Inc R3 27 2.00 1.90 0.61 0.61-3.18-3.03-4.99-6.44-1.94 4.63 2.06 1.88 1.30 6/30/2008 1.38 1.37 Oppenheimer International Diversified R 9.34 6.98 4.95 5.80-1.43-2.23-1.81-0.66 5.66 10.14 7.13 6.57 6.53 9/27/2005 1.54 1.54 1 16407M 2 REV 09-18
Standardized w/ Recordkeeping Fee* Non-Standardized Without Recordkeeping Fee (08/31/18) INTERNATIONAL LARGE (CONT'D) 1 Annuaized 5 1 3 Oppenheimer International Growth R 5.11 5.19 4.20 4.61-1.67-3.18-3.18-3.23 2.56 6.91 5.04 5.54 5.35 3/25/1996 1.35 1.35 Oppenheimer International Equity R 3.24 5.20 3.23 2.95-1.78-3.45-3.36-5.12 0.67 7.97 5.13 4.50 3.69 7/2/1990 1.49 1.49 T. Rowe Price International Value Equity R -0.50 3.22 0.98 6.48-3.45-1.92-4.27-5.92-2.44 2.92 3.14 2.52 7.18 12/21/1998 1.39 1.39 Templeton Foreign R 39 0.51 4.04 2.49 4.99-2.96-2.46-0.65-4.92-0.32 5.90 3.03 3.56 5.66 10/5/1982 1.44 1.35 Transamerica International Equity A 3.90 5.29 3.05 4.86-1.87-1.00-2.34-2.38 4.00 5.77 5.60 4.91 5.60 12/18/1992 1.20 1.20 INTERNATIONAL SMALL Aberdeen International Small Cap R 16 1.00 1.48-0.23 5.62-2.10 0.14-3.48-4.44 0.81 6.47 2.18 1.99 6.39 8/30/2000 1.72 1.72 BlackRock Advantage Global Investor A 18 11.26 8.08 5.49 8.30 0.80 3.04-0.77 3.24 12.76 9.46 8.93 7.29 9.23 12/21/2006 1.47 0.96 Oppenheimer International Small-Mid Co R 28 18.63 15.22 10.00 13.27 0.56 2.60 3.46 9.88 18.98 15.38 15.55 14.04 14.22 11/17/1997 1.67 1.66 EMERGING MARKETS Aberdeen China Opportunities R 13 11.08 3.82 2.71 9.34-3.11-8.21-2.36-3.11 5.46 8.71 3.79 4.05 9.69 6/29/2004 3.40 2.33 Aberdeen Emerging Markets R -4.00 0.63 3.65 1.85-3.20-4.31-11.22-11.07-8.09 7.33 2.53 4.95 2.61 5/11/2007 1.78 1.78 Templeton Developing Markets R 37 5.43 2.73 0.80 7.90-1.04-2.54-7.27-7.77-1.30 14.11 4.05 2.57 8.63 10/16/1991 1.78 1.63 Templeton Emerging Markets Small Cap R 38 1.64 4.66 3.84 3.96-2.41-5.63-6.88-8.22-3.58 7.05 5.67 5.72 4.46 10/16/1991 2.19 2.17 WORLD STOCK Franklin Mutual European R 0.05 3.78 3.13 4.80 Janus Henderson Global Research R 11.30 8.96 5.67 7.96 0.98 3.40 1.21 6.66 14.23 10.46 10.14 7.50 9.34 5/15/1991 1.32 1.32 Oppenheimer Global R 14.31 10.46 7.40 6.17 0.38 2.66 1.70 4.67 14.73 12.48 11.50 8.65 7.09 12/22/1969 1.39 1.39 Oppenheimer Global Opportunities R 23.67 17.54 12.42 9.24 6.17 3.47-6.64 10.81 31.68 27.93 18.88 13.93 10.48 10/22/1990 1.42 1.42 Oppenheimer Global Focus R 17.65 12.42 8.36 7.38 1.78 4.61 2.17 10.07 12.00 12.69 8.18 9.41 6.34 11/1/2000 1.52 1.52 BALANCED FUNDS Calvert Balanced A 19 6.73 6.64 5.30 6.88 1.80 5.17 2.17 5.88 10.80 8.39 7.91 6.66 7.79 8/29/1986 0.99 0.94 Columbia Income Builder R 2.28 3.74 4.85 4.84 0.54 1.61 0.64 1.38 3.82 5.70 4.93 5.87 5.73 2/16/2006 1.25 1.25 Eaton Vance Balanced R 6.55 7.65 4.70 6.86 1.66 4.34 2.12 5.11 10.19 8.14 9.00 6.44 9.01 4/1/1932 1.24 1.23 Fidelity Advisor Strategic Dividend & Income M 5.24 7.40 6.19 6.05 1.76 5.47 3.20 3.92 8.76 10.31 9.10 7.73 7.06 12/23/2003 1.29 1.29 First Investors A 3.03 5.10 5.97 5.84 1.20 3.26 0.26 1.13 7.40 6.49 6.26 6.92 6.74 4/24/1990 1.19 1.19 Franklin Income R 26 2.37 4.46 4.89 6.06-0.03 2.13 2.16 1.11 4.07 7.41 5.32 6.12 6.93 8/31/1948 0.97 0.96 Franklin Mutual Shares R 0.72 6.65 5.57 5.34 0.69 5.03 1.94 3.62 7.91 8.43 7.84 6.68 6.36 7/1/1949 1.28 1.28 Janus Henderson Balanced R 11.27 7.62 6.89 8.76 2.31 4.80 2.40 7.78 15.11 10.52 9.21 8.33 9.95 9/1/1992 1.32 1.32 Lord Abbett Multi-Asset Income R3 3.61 4.05 5.31 4.30 1.64 1.99 0.43 2.47 5.89 6.08 5.11 6.47 5.23 6/30/2005 1.43 1.43 Transamerica Multi-Mgd Balanced A 6.27 7.36 7.37 8.14 2.00 4.93 1.66 4.46 9.64 9.33 8.91 8.60 9.09 12/2/1994 1.03 1.03 SHORT TERM FIXED INCOME Lord Abbett Short Duration Income R3-0.19 0.98 2.83 2.37 0.31 0.43 0.19 0.69 0.61 1.90 1.84 3.61 3.15 11/4/1993 0.89 0.89 PIMCO Low Duration R -0.89-0.08 1.41 1.64-0.17 0.09-0.35-0.55-0.64 0.64 0.72 2.19 2.39 5/11/1987 1.05 1.05 PIMCO Short-Term R 0.87 0.59 0.85 1.17 0.08 0.49 0.65 1.13 1.98 1.77 1.42 1.61 1.93 10/7/1987 1.07 1.07 1 16407M 3 REV 09-18
Standardized w/ Recordkeeping Fee* Non-Standardized Without Recordkeeping Fee (08/31/18) INTERMEDIATE TERM FIXED INCOME 1 Annuaized 5 1 3 Columbia Quality Income R -0.44 1.21 3.33 0.72 0.89 0.64 0.52 0.20 0.22 1.35 2.28 4.34 1.65 2/16/2006 1.16 1.16 Janus Henderson Flexible Bond R -1.97 0.80 3.37 2.86 0.54 0.64-0.19-1.36-1.74 0.94 1.76 4.11 3.64 7/7/1987 1.20 1.20 Lord Abbett Income R3-0.82 2.86 5.04 5.09 0.32 0.60-0.83-1.74-0.66 3.79 3.82 5.97 5.84 12/31/1981 1.08 1.08 Oppenheimer Bond R 30-1.95 1.61-0.79 1.04 0.40 0.76-0.47-1.50-1.38 1.59 2.62 0.45 1.84 4/15/1988 1.05 1.05 PIMCO R -1.50 1.07 3.39 3.48 0.40 0.55-0.60-1.46-1.83 1.55 2.10 4.12 4.25 5/11/1987 1.19 1.19 Pioneer Bond R 35-0.83 1.74 3.57 3.66 0.54 0.56-0.28-0.88-0.44 2.18 2.72 4.41 4.44 10/31/1978 1.24 1.10 Western Asset Core Plus Bond R -1.87 2.30 4.65 2.05-0.20 0.03-1.72-2.47-2.52 2.56 3.30 5.48 2.82 7/8/1998 1.13 1.13 MULTISECTOR BOND Eaton Vance Multisector Income R 0.44 3.19 0.82-1.56-0.71-2.18-2.49-1.00 5.88 3.86 1.54 1/31/2013 1.21 1.21 Fidelity Advisor Strategic Income M 1.17 3.02 4.87 6.40 0.02 0.36-0.75-0.43 0.44 4.50 3.97 5.75 7.17 10/31/1994 0.99 0.99 Lord Abbett Bond-Debenture R3 2.04 4.66 5.90 5.23 1.22 1.66-0.23 0.60 3.11 6.12 5.58 7.01 6.11 4/1/1971 1.10 1.10 PIMCO Income R 1.06 4.46 7.75 7.01-0.22 0.26-0.60-0.76 0.65 4.87 5.32 8.68 7.72 3/30/2007 1.39 1.39 Pioneer Strategic Income R -1.30 2.02 4.31 5.14 0.14 0.32-1.00-1.56-0.92 2.94 3.01 5.18 5.91 4/15/1999 1.41 1.41 INTERNATIONAL BOND Columbia Emerging Markets Bond R -3.34 2.26 5.41 3.18-3.06-2.98-5.57-7.26-6.21 4.94 3.52 5.97 3.71 2/16/2006 1.42 1.42 PIMCO International Bond (USD-Hdg) R 1.06 4.46 7.75 7.01 0.02 0.42 0.37 1.62 2.23 3.85 4.49 5.86 5.02 3/30/2007 1.21 1.21 Templeton Global Bond R 40-3.01 0.60 4.36 4.21-3.84-1.71-2.68-2.13-2.56 2.01 1.53 4.91 4.82 9/18/1986 1.28 1.21 Templeton Global R 41-3.18 0.77 5.86-3.79-1.23-3.29-2.17-2.39 2.68 1.79 6.50 9/30/2008 1.37 1.32 HIGH YIELD FIXED INCOME Columbia High Yield Bond R -1.23 3.36 5.91 5.11 1.08 2.17-0.03 0.05 0.59 4.48 4.41 7.00 6.00 12/8/1983 1.28 1.28 Ivy High Income R 3.23 3.95 6.97 4.17 0.84 1.62 1.02 3.21 4.79 6.26 4.69 8.01 5.11 7/31/1997 1.30 1.30 Lord Abbett High Yield R3 1.28 4.91 7.14 6.29 1.14 2.06-0.10 0.62 2.78 6.52 5.85 8.24 7.17 12/31/1998 1.19 1.19 PIMCO High Yield R -0.16 3.55 5.48 6.08 0.78 2.28 0.40 0.80 1.53 5.06 4.53 6.64 6.94 12/15/1992 1.17 1.17 Power Income A -1.46 0.98 1.53 0.41 1.33-0.42-0.06 0.11 2.40 1.91 2.43 9/14/2010 2.08 2.08 GOVERNMENT BOND American Century Ginnie Mae R -1.71 0.15 1.84 2.05 0.40 0.37 0.04-1.02-1.46 0.16 1.14 2.54 2.80 9/23/1985 1.05 1.05 Eaton Vance Government Opportunities R -0.94 0.02 1.35 1.84 0.26 0.31 0.09 0.25-0.13 0.29 0.98 2.03 2.61 8/24/1984 1.38 1.38 CONVERTIBLE BOND Lord Abbett Convertible R3 9.61 7.60 5.42 4.59 4.75 3.96 2.48 8.29 12.45 10.71 8.59 7.08 5.72 6/30/2003 1.34 1.34 INFLATION PROTECTED American Century Inflation Adjs Bond R 0.34-0.02 1.37 1.39 0.26 0.50 0.33-0.88-0.46 1.42 0.90 2.09 2.10 2/10/1997 0.97 0.97 PIMCO Real Return R 0.63 0.23 1.91 3.03 0.32 0.59 0.61-0.63-0.09 1.56 1.17 2.65 3.76 1/29/1997 1.53 1.53 1 16407M 4 REV 09-18
Standardized w/ Recordkeeping Fee* Non-Standardized Without Recordkeeping Fee (08/31/18) BANK LOAN 1 Annuaized 5 1 3 Lord Abbett Floating Rate R3 3.22 2.85 3.54 3.39 0.41 1.01 0.54 2.82 4.47 4.62 3.63 4.45 4.20 12/31/2007 1.09 1.09 Oppenheimer Senior Floating Rate R 29 3.02 2.83 4.01 3.10 0.26 0.94 0.32 2.59 4.20 4.87 3.63 5.02 3.95 9/8/1999 1.38 1.37 RISK BASED ALLOCATION FUNDS Fidelity Advisor Asset Manager 30% M 3.04 3.71 3.80 2.92 0.86 1.63 0.65 1.54 3.78 5.03 4.64 4.80 3.79 10/9/2007 1.12 1.12 Fidelity Advisor Asset Manager 50% M 5.59 5.66 5.03 4.37 1.03 2.16 0.80 2.58 6.53 7.31 6.59 6.16 5.28 12/28/1988 1.23 1.23 Fidelity Advisor Asset Manager 70% M 8.32 7.45 5.79 6.93 1.22 2.74 1.12 3.84 9.50 9.57 8.36 7.06 7.91 12/30/1991 1.29 1.29 Fidelity Advisor Asset Manager 85% M 10.29 8.80 6.40 5.49 1.40 3.21 1.35 4.92 11.83 11.24 9.70 7.79 6.50 9/24/1999 1.33 1.33 TARGET DATE ALLOCATION FUNDS American Century One Choice 2020 R 17 4.26 4.69 4.41 3.90 0.79 2.15 0.64 2.40 5.91 6.16 5.77 5.52 4.84 5/30/2008 1.29 1.27 American Century One Choice 2030 R 17 5.47 5.72 4.83 4.25 0.91 2.38 0.54 2.85 7.25 7.30 6.85 6.03 5.22 5/30/2008 1.36 1.31 American Century One Choice 2040 R 17 7.27 6.92 5.61 4.92 1.07 2.75 0.88 3.80 9.29 8.66 8.10 6.91 5.93 5/30/2008 1.41 1.36 American Century One Choice 2050 R 17 8.67 7.76 5.87 5.12 1.17 3.03 0.93 4.42 10.77 9.87 9.05 7.23 6.17 5/30/2008 1.47 1.42 American Century One Choice In Retirement R 17 3.90 4.25 4.19 4.25 0.82 2.14 0.63 2.40 5.59 5.82 5.35 5.24 5.14 8/31/2004 1.29 1.27 TACTICAL/UNIQUE Aberdeen Diversified Alternatives R 14 1.00 1.28 1.03 3.46 0.16 0.33-0.68-0.38 1.67 1.04 2.11 2.27 4.25 6/29/2004 2.88 2.51 Aberdeen Focused US Equity R 15 9.76 3.27 1.40 2.67 2.67 8.28 3.72 9.73 17.34 7.95 5.50 3.15 3.85 12/31/1997 1.98 1.61 ALPS Red Rocks Listed Private Equity R 3.67 9.91 3.18 1.69 0.33 2.67-1.32 1.65 5.23 9.97 10.36 4.66 2.72 12/31/2007 2.08 2.08 AC Alternatives Equity Market Neutral R 0.48-0.31-0.90-0.07-1.12-2.30-0.28-0.19-0.84-0.22 0.15 0.36 0.62 9/30/2005 3.42 3.42 BlackRock Global Allocation Inv A 2.84 4.25 3.57 7.77 0.05 1.28-1.22 0.20 3.17 5.56 5.13 5.04 8.60 2/3/1989 1.16 1.08 First Investors Covered Call Strat A 24 2.76 5.44 2.17 4.29 0.85 2.12 7.92 7.97 4/1/2016 1.36 1.30 Franklin Mutual Quest R 6.01 5.84 5.33 8.13-1.23 2.62 3.46 4.01 7.74 7.84 6.43 6.31 8.92 9/26/1980 1.29 1.29 Janus Henderson Global Unconstrained Bond R -6.98-1.24 1.22-0.68-5.89-6.33-6.64 0.25-0.41 5/27/2014 1.47 1.47 PIMCO All Asset R 31 2.81 2.42 3.49 3.49-1.52-1.62-2.51-2.81-0.10 6.12 3.17 4.25 4.18 7/31/2002 1.81 1.71 PIMCO Global Multi-Asset R 33 4.57 3.42 4.08-0.16 1.14 0.16 0.54 5.05 5.95 4.84 4.95 10/29/2008 2.14 1.92 PIMCO Dynamic Bond R 34 7.27-7.59-9.05-4.65-0.01 0.23 0.46 1.34 1.92 3.48 2.18 3.64 3.58 6/28/2002 1.53 1.52 Power Dividend Index A 0.89 4.97 0.67 2.03-2.20-2.78 5.52 7.05 6.30 11/7/2013 1.45 1.45 Transamerica Multi-Manager Alt Strat A 1.29 0.57 0.66 0.98 0.10 0.41-1.12-0.30 1.32 1.33 1.61 1.82 1.78 12/28/2006 2.16 2.16 1 16407M 5 REV 09-18
Standardized w/ Recordkeeping Fee* Non-Standardized Without Recordkeeping Fee (08/31/18) 1 Annuaized 5 1 3 1 SECTOR FUNDS Columbia Seligman Global Technology R 18.21 20.31 12.39 12.19 3.24 2.40-0.45 10.91 17.92 23.19 21.39 13.76 13.27 5/23/1994 1.58 1.58 Eaton Vance Worldwide Health Sci R 23 3.60 10.85 10.42 7.71 3.06 11.65 4.70 13.48 12.08 3.87 12.38 10.96 9.08 7/26/1985 1.50 1.45 Fidelity Advisor Biotechnology M 12.43 13.38 15.00 6.01 4.22 6.94 4.99 15.16 11.87 2.32 12.89 15.63 7.14 12/27/2000 1.38 1.38 Fidelity Advisor Materials M 8.12 6.44 5.17 7.19-1.38-0.28 1.38-3.69 6.47 9.60 6.47 7.16 7.98 9/29/1986 1.36 1.36 Fidelity Advisor Real Estate M 2.06 6.28 6.52 8.97 2.59 7.17 9.23 4.03 5.16 7.52 8.99 7.11 9.86 9/12/2002 1.33 1.33 Fidelity Advisor Telecommunications M -1.89 5.37 6.22 3.85 4.53 10.14 2.12 1.06 0.82 8.73 7.62 7.48 5.07 7/29/1985 1.49 1.49 Franklin Utilities R 1.65 8.15 6.34 7.74 0.91 5.27 4.27 2.56-0.35 10.61 9.79 7.91 8.62 9/30/1948 1.08 1.08 Ivy Energy R 17.22-2.05-3.57-0.07-2.80-4.15 11.00 1.63 25.38 0.54-2.68-1.19 0.34 4/3/2006 1.69 1.69 Ivy Natural Resources R 10.69-2.37-6.94-0.81-2.79-1.97 3.21-3.36 13.08 2.33-2.50-4.77-0.14 1/2/1997 1.69 1.69 Ivy Science And Technology R 23.07 12.34 11.45 10.74 5.60 7.60 6.28 18.03 24.47 16.83 14.03 13.40 12.10 7/31/1997 1.58 1.58 Oppenheimer Gold & Special Minerals R -2.96 0.24-6.28 6.98-10.75-12.94 2.43-18.81-21.32 11.55-5.51-4.53 6.82 7/19/1983 1.42 1.42 PIMCO Commodity Real Ret Strat R 32 7.27-7.59-9.05-4.65-1.62-7.40 0.31-4.25 0.44-1.80-8.44-6.84-4.33 6/28/2002 2.09 1.94 *Standarized s w/recordkeeping Fees are calculated using gross fund fees and the maximum recordkeeping fee of 0.75%. Standardized s w/recordkeeping Fees assume reinvestment of dividends and capital gains and are adjusted to reflect sales charges and ongoing fund expenses. The charges and expenses used in these returns are obtained from the most recent prospectus and/or shareholder report available to Morningstar. 1. 1 Mo Expressed in percentage terms, Morningstar's calculation of total return is determined by taking the change in price, reinvesting, if applicable, all income and capital gains distributions during the period, and dividing by the starting price. In this case, this is the total return for a one-month time period. Unless otherwise noted, Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads, and redemption fees), preferring to give a clearer picture of performance. Total returns do account for the expense ratio, which includes management, administrative, 12b-1 fees, and other costs that are taken out of assets. Total returns for periods longer than one year are expressed in terms of compounded average annual returns (also known as geometric total returns), affording a more meaningful picture of fund performance than non-annualized figures. 2. 3 Mo Expressed in percentage terms, Morningstar's calculation of total return is determined by taking the change in price, reinvesting, if applicable, all income and capital gains distributions during the period, and dividing by the starting price. In this case, this is the total return for a three-month time period. Unless otherwise noted, Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads, and redemption fees), preferring to give a clearer picture of performance. Total returns do account for the expense ratio, which includes management, administrative, 12b-1 fees, and other costs that are taken out of assets. Total returns for periods longer than one year are expressed in terms of compounded average annual returns (also known as geometric total returns), affording a more meaningful picture of fund performance than non-annualized figures. 3. Calendar Quarter Expressed in percentage terms, Morningstar's calculation of total return is determined by taking the change in price, reinvesting, if applicable, all income and capital gains distributions during the period, and dividing by the starting price. In this case, this is the total return for the calendar quarter time period. This information is updated on the following dates: 3/31, 6/30, 9/30 and 12/31. Unless otherwise noted, Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads, and redemption fees), preferring to give a clearer picture of performance. Total returns do account for the expense ratio, which includes management, administrative, 12b-1 fees, and other costs that are taken out of assets. Total returns for periods longer than one year are expressed in terms of compounded average annual returns (also known as geometric total returns), affording a more meaningful picture of fund performance than 4. YTD Expressed in percentage terms, Morningstar's calculation of total return is determined by taking the change in price, reinvesting, if applicable, all income and capital gains distributions during the period, and dividing by the starting price. In this case, this is the total return for year-to-date. Unless otherwise noted, Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads, and redemption fees), preferring to give a clearer picture of performance. Total returns do account for the expense ratio, which includes management, administrative, 12b-1 fees, and other costs that are taken out of assets. Total returns for periods longer than one year are expressed in terms of compounded average annual returns (also known as geometric total returns), affording a more meaningful picture of fund performance than non-annualized figures. 5. One Year This figure shows the fund s total return over a one-year period. Annual total returns are calculated on a calendar-year and year-to-date basis. Total return includes both capital appreciation and dividends. The year-to-date return is updated daily. For mutual funds, return includes both income (in the form of dividends or interest payments) and capital gains or losses (the increase or decrease in the value of a security). Morningstar calculates total return by taking the change in a fund's NAV, assuming the reinvestment of all income and capital gains distributions (on the actual reinvestment date used by the fund) during the period, and then dividing by the initial NAV. Unless marked as load-adjusted total returns, Morningstar does not adjust total return for sales charges or for redemption fees. Total returns do account for management, administrative, and 12b-1 fees and other costs automatically deducted from fund assets. 6. Annualized Three Year This figure is the fund s total annualized return over a three-year period. Expressed in percentage terms, Morningstar's calculation of total return is determined by taking the change in price, reinvesting, if applicable, all income and capital gains distributions during the period, and dividing by the starting price. Unless otherwise noted, Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads, and redemption fees), preferring to give a clearer picture of performance. Total returns do account for the expense ratio, which includes management, administrative, 12b-1 fees, and other costs that are taken out of assets. Total returns for periods longer than one year are expressed in terms of compounded average annual returns (also known as geometric total returns), affording a more meaningful picture of fund performance than non-annualized figures. 16407M 6 REV 09-18
7. Year This figure is the fund s total annualized return over a five-year period. Expressed in percentage terms, Morningstar's calculation of total return is determined by taking the change in price, reinvesting, if applicable, all income and capital gains distributions during the period, and dividing by the starting price. Unless otherwise noted, Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads, and redemption fees), preferring to give a clearer picture of performance. Total returns do account for the expense ratio, which includes management, administrative, 12b-1 fees, and other costs that are taken out of assets. Total returns for periods longer than one year are expressed in terms of compounded average annual returns (also known as geometric total returns), affording a more meaningful picture of fund performance than non-annualized figures. 8. Year This figure is the fund s total annualized return over a ten-year period. Expressed in percentage terms, Morningstar's calculation of total return is determined by taking the change in price, reinvesting, if applicable, all income and capital gains distributions during the period, and dividing by the starting price. Unless otherwise noted, Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads, and redemption fees), preferring to give a clearer picture of performance. Total returns do account for the expense ratio, which includes management, administrative, 12b-1 fees, and other costs that are taken out of assets. Total returns for periods longer than one year are expressed in terms of compounded average annual returns (also known as geometric total returns), affording a more meaningful picture of fund performance than non-annualized figures. 9. Inception Expressed in percentage terms, Morningstar's calculation of total return is determined by taking the change in price, reinvesting, if applicable, all income and capital gains distributions during the period, and dividing by the starting price. In this case, this is the total return since the fund s inception. The fund s inception date is the date the fund was formed and became available for sale to unit holders. Unless otherwise noted, Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads, and redemption fees), preferring to give a clearer picture of performance. Total returns do account for the expense ratio, which includes management, administrative, 12b-1 fees, and other costs that are taken out of assets. Total returns for periods longer than one year are expressed in terms of compounded average annual returns (also known as geometric total returns), affording a more meaningful picture of fund performance than non-annualized figures. 10. Inception Date The Inception date is the date the fund was formed and became available for sale to unit holders. 11. Fees The percentage of fund assets used to pay for operating expenses and management fees, including 12b-1 fees, administrative fees, and all other asset-based costs incurred by the fund, except brokerage costs. Fund expenses are reflected in the fund's NAV. Sales charges are not included in the expense ratio. 12. Fees The percentage of fund assets, net of reimbursements, used to pay for operating expenses and management fees, including 12b-1 fees, administrative fees, and all other asset-based costs incurred by the fund, except brokerage costs. Fund expenses are reflected in the fund's NAV. Sales charges are not included in the expense ratio. 13. Aberdeen Funds (the "Trust") and Aberdeen Asset Management Inc. (the "Adviser") have entered into a written contract limiting operating expenses to 1.62% for all classes of the Fund. This contractual limitation may not be terminated before February 28, 2019 without the approval of the Independent Trustees. This limit excludes certain expenses, including any taxes, interest, brokerage fees, short-sale dividend expenses, Acquired Fund Fees and Expenses, Rule 12b-1 fees, administrative services fees, transfer agent out-of-pocket expenses for Class A Shares, Class R Shares, Class T Shares and Institutional Service Class Shares and extraordinary expenses. The Trust is authorized to reimburse the Adviser for management fees previously limited and/or for expenses previously paid by the Adviser, provided, however, that any reimbursements must be paid at a date not more than three years after the date when the Adviser limited the fees or reimbursed the expenses and the reimbursements do not cause a Class to exceed the lesser of the applicable expense limitation in the contract at the time the fees were limited or expenses are paid or the applicable expense limitation in effect at the time the expenses are being recouped by the Adviser. 14. Aberdeen Funds (the "Trust") and Aberdeen Asset Management Inc. (the "Adviser") have entered into a written contract limiting operating expenses to 0.25% for all classes of the Fund. This contractual limitation may not be terminated before February 28, 2019 without the approval of the Independent Trustees. This limit excludes certain expenses, including any taxes, interest, brokerage fees, short-sale dividend expenses, Acquired Fund Fees and Expenses, Rule 12b-1 fees, administrative services fees, transfer agent out-of-pocket expenses for Class A Shares, Class R Shares, Class T Shares and Institutional Service Class Shares and extraordinary expenses. The Trust is authorized to reimburse the Adviser for management fees previously limited and/or for expenses previously paid by the Adviser, provided, however, that any reimbursements must be paid at a date not more than three years after the date when the Adviser limited the fees or reimbursed the expenses and the reimbursements do not cause a Class to exceed the lesser of the applicable expense limitation in the contract at the time the fees were limited or expenses are paid or the applicable expense limitation in effect at the time the expenses are being recouped by the Adviser. 15. Aberdeen Funds (the "Trust") and Aberdeen Asset Management Inc. (the "Adviser") have entered into a written contract limiting operating expenses to 0.90% for all classes of the Fund. This contractual limitation may not be terminated before February 28, 2019 without the approval of the Independent Trustees. This limit excludes certain expenses, including any taxes, interest, brokerage fees, short-sale dividend expenses, Acquired Fund Fees and Expenses, Rule 12b-1 fees, administrative services fees, transfer agent out-of-pocket expenses for Class A Shares, Class R Shares, Class T Shares and Institutional Service Class Shares and extraordinary expenses. The Trust is authorized to reimburse the Adviser for management fees previously limited and/or for expenses previously paid by the Adviser, provided, however, that any reimbursements must be paid at a date not more than three years after the date when the Adviser limited the fees or reimbursed the expenses and the reimbursements do not cause a Class to exceed the lesser of the applicable expense limitation in the contract at the time the fees were limited or expenses are paid or the applicable expense limitation in effect at the time the expenses are being recouped by the Adviser. 16. Aberdeen Funds (the "Trust") and Aberdeen Asset Management Inc. (the "Adviser") have entered into a written contract limiting operating expenses to 1.15% for all classes of the Fund. This contractual limitation may not be terminated before February 28, 2019 without the approval of the Independent Trustees. This limit excludes certain expenses, including any taxes, interest, brokerage fees, short-sale dividend expenses, Acquired Fund Fees and Expenses, Rule 12b-1 fees, administrative services fees, transfer agent out-of-pocket expenses for Class A Shares, Class R Shares, Class T Shares and Institutional Service Class Shares and extraordinary expenses. The Trust is authorized to reimburse the Adviser for management fees previously limited and/or for expenses previously paid by the Adviser, provided, however, that any reimbursements must be paid at a date not more than three years after the date when the Adviser limited the fees or reimbursed the expenses and the reimbursements do not cause a Class to exceed the lesser of the applicable expense limitation in the contract at the time the fees were limited or expenses are paid or the applicable expense limitation in effect at the time the expenses are being recouped by the Adviser. 17. The advisor has agreed to waive a portion of the fund s management fee. The advisor expects this waiver to continue until November 30, 2018 and cannot terminate it prior to such date without the approval of the Board of Directors. 18. BlackRock has contractually agreed to waive and/or reimburse fees or expenses in order to limit Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements (excluding Dividend Expense, Interest Expense, Acquired Fund Fees and Expenses and certain other Fund expenses) to 0.96% (for Investor A Shares), 1.71% (for Investor B and Investor C Shares), 0.71% (for Institutional Shares) and 1.21% (for Class R Shares) of average daily net assets through October 31, 2018. The Fund may have to repay some of these waivers and/or reimbursements to BlackRock in the two years following such waivers and/or reimbursements. The contractual agreement may be terminated upon 90 days notice by a majority of the non-interested directors of the Fund or by a vote of a majority of the outstanding voting securities of the Fund. 19. Calvert Research and Management ( CRM ) has agreed to reimburse the Fund s expenses to the extent that Total Annual Fund Operating Expenses exceed 0.94% for Class A shares, 1.69% for Class C shares and 0.62% for Class I shares. This expense reimbursement will continue through January 31, 2019. Any amendment to or termination of this reimbursement would require approval of the Board of Trustees. The expense reimbursement relates to ordinary operating expenses only and does not include expenses such as: brokerage commissions, acquired fund fees and expenses of unaffiliated funds, interest expense, taxes or litigation expenses. Amounts reimbursed may be recouped by CRM during the same fiscal year to the extent actual expenses are less than the contractual expense cap during such year. 20. Calvert Research and Management ( CRM ) has agreed to reimburse the Fund s expenses to the extent that Total Annual Fund Operating Expenses exceed 1.21% for Class A shares, 1.96% for Class C shares and 0.86% for Class I shares. This expense reimbursement will continue through January 31, 2019. Any amendment to or termination of this reimbursement would require approval of the Board of Directors. The expense reimbursement relates to ordinary operating expenses only and does not include expenses such as: brokerage commissions, acquired fund fees and expenses of unaffiliated funds, interest expense, taxes or litigation expenses. Amounts reimbursed may be recouped by CRM during the same fiscal year to the extent actual expenses are less than the contractual expense cap during such year. 21. Columbia Management Investment Advisers, LLC and certain of its affiliates have contractually agreed to waive fees and/or to reimburse expenses (excluding transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses, and infrequent and/or unusual expenses) through September 30, 2018, unless sooner terminated at the sole discretion of the Fund s Board of Trustees. Under this agreement, the Fund s net operating expenses, subject to applicable exclusions, will not exceed the annual rates of 1.15% for Class A, 1.90% for Class C, 1.08% for Class K, 1.40% for Class R, 0.90% for Class R4, 0.83% for Class R5, 1.15% for Class T, 0.78% for Class Y and 0.90% for Class Z. 22. The Advisor has contractually agreed through February 28, 2019 to waive its fees and/or reimburse fund expenses to the extent necessary to maintain the fund's total annual operating expenses (excluding certain expenses such as extraordinary expenses, taxes, brokerage, interest expense and acquired fund fees and expenses) at ratios no higher than 1.24%, 1.49% and 0.99% for Class T, Class R and Class S, respectively. The agreement may only be terminated with the consent of the fund's Board. 16407M 7 REV 09-18
23. The investment adviser, sub-advisers and administrator have agreed to reimburse the Fund s expenses to the extent that Total Annual Fund Operating Expenses exceed 1.25% for Class A shares, 2.00% for Class B and Class C shares, 1.00% for Class I shares and 1.50% for Class R shares. This expense reimbursement will continue through December 31, 2018. Any amendment to or termination of this reimbursement would require approval of the Board of Trustees. The expense reimbursement relates to ordinary operating expenses only and does not include expenses such as: brokerage commissions, acquired fund fees and expenses of unaffiliated funds, any performance-based adjustment to an asset-based investment advisory fee, interest expense, taxes or litigation expenses. Amounts reimbursed may be recouped by the investment adviser, sub-advisers and administrator during the same fiscal year to the extent actual expenses are less than the contractual expense cap during such year. 24. Class A, Advisor Class or Institutional Class shares to exceed the applicable expense ratio in place at the time the expenses are waived or assumed or the current limits established under the Expense Limitation Agreement. The fee limitation and/or expense reimbursement may be terminated or amended prior to 25. The investment manager has contractually agreed in advance to reduce its fee as a result of the Fund's investment in a Franklin Templeton money fund (acquired fund) for the next 12-month period. Contractual fee waiver and/or expense reimbursement agreements may not be changed or terminated during the time period set forth above. 26. The investment manager has contractually agreed in advance to reduce its fee as a result of the Fund s investment in other Franklin Templeton funds (acquired fund) for the next 12-month period. In addition, the transfer agent has contractually agreed to waive or limit its transfer agency fees for Class R6 shares of the Fund so that transfer agency fees for that Class do not exceed 0.01% until January 31, 2019. Contractual fee waiver and/or expense reimbursement agreements may not be changed or terminated during the time periods set forth above. 27. For the period from March 1, 2018 through February 28, 2019, Lord, Abbett & Co. LLC has contractually agreed to waive its fees and reimburse expenses to the extent necessary to limit total net annual operating expenses, excluding 12b-1 fees and acquired fund fees and expenses, to an annual rate of 0.87% for Class A, B, C, R2, R3, R4, R5, and T shares and to an annual rate of 0.81% for Class F and I shares. For the same period, Lord, Abbett & Co. LLC has contractually agreed to waive its fees and reimburse expenses to the extent necessary to limit total net annual operating expenses, excluding acquired fund fees and expenses, to an annual rate of 0.82% for each of Class F3 and R6. This agreement may be terminated only by the Fund s Board of Trustees. 28. The Manager has contractually agreed to waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund s investments in funds managed by the Manager or its affiliates. These fee waivers and/or expense reimbursements may not be amended or withdrawn for one year from the date of this prospectus, unless approved by the Board. 29. The Manager has contractually agreed to waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund s investments in funds managed by the Manager or its affiliates. These fee waivers and/or expense reimbursements may not be amended or withdrawn for one year from the date of this prospectus, unless approved by the Board. 30. After discussions with the Fund s Board, the Manager has contractually agreed to waive fees and/or reimburse the Fund for certain expenses in order to limit Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement to annual rates of 0.75% for Class A shares, 0.45% for Class Y shares, and 0.40% for Class I shares, as calculated on the daily net assets of the Fund. In addition, the Manager has contractually agreed to waive fees and/or reimburse the Fund for certain expenses in order to limit Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement (excluding any applicable interest and fees from borrowing, interest and related expenses from inverse floaters, dividend expenses, taxes, any subsidiary expenses, Acquired Fund Fees and Expenses, brokerage commissions, other unusual and infrequent expenses and certain other Fund expenses) to annual rates of 1.65% for Class B and Class C shares, and 1.15% for Class R shares, as calculated on the daily net assets of the Fund. Each of these fee waivers and/or expense reimbursements may not be amended or withdrawn for one year from the date of this prospectus, unless approved by the Board. 31. PIMCO has contractually agreed, through July 31, 2018, to reduce its advisory fee to the extent that the Underlying PIMCO Fund Expenses attributable to advisory and supervisory and administrative fees exceed 0.64% of the total assets invested in Underlying PIMCO Funds. PIMCO may recoup these waivers in future periods, not exceeding three years, provided total expenses, including such recoupment, do not exceed the annual expense limit. The fee reduction is implemented based on a calculation of Underlying PIMCO Fund Expenses attributable to advisory and supervisory and administrative fees that is different from the calculation of Acquired Fund Fees and Expenses listed in the table above. 32. PIMCO has contractually agreed to waive the Fund's advisory fee and the supervisory and administrative fee in an amount equal to the management fee and administrative services fee, respectively, paid by the PIMCO Cayman Commodity Fund I Ltd. (the "Subsidiary") to PIMCO. The Subsidiary pays PIMCO a management fee and an administrative services fee at the annual rates of 0.49% and 0.20%, respectively, of its net assets. This waiver may not be terminated by PIMCO and will remain in effect for as long as PIMCO's contract with the Subsidiary is in place. 33. PIMCO has contractually agreed, through July 31, 2018, to waive, first, the advisory fee and, second, the supervisory and administrative fee it receives from the Fund in an amount equal to the expenses attributable to the Management Fees of Underlying PIMCO Funds indirectly incurred by the Fund in connection with its investments in Underlying PIMCO Funds, to the extent the Fund's Management Fees are greater than or equal to the Management Fees of the Underlying PIMCO Funds. This waiver renews annually for a full year unless terminated by PIMCO upon at least 30 days' notice prior to the end of the contract term. 34. PIMCO has contractually agreed, through July 31, 2019, to reduce its advisory fee by 0.01% of the average daily net assets of the Fund. This Fee Waiver Agreement renews annually unless terminated by PIMCO upon at least 30 days' prior notice to the end of the contract term. Under certain conditions, PIMCO may recoup amounts reduced in future periods, not exceeding three years. 35. The fund s investment adviser has contractually agreed to limit ordinary operating expenses (ordinary operating expenses means all fund expenses other than taxes, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses, such as litigation) to the extent required to reduce fund expenses to 0.85%, 1.10%, 0.85% and 0.58% of the average daily net assets attributable to Class A, Class R, Class T and Class Y shares, respectively. These expense limitations are in effect through November 1, 2019. There can be no assurance that the adviser will extend the expense limitations beyond such times. While in effect, the arrangement may be terminated for a class only by agreement of the adviser and the Board of Trustees. 36. The fund s investment adviser has contractually agreed to limit ordinary operating expenses (ordinary operating expenses means all fund expenses other than taxes, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, such as litigation) to the extent required to reduce fund expenses to 1.40% of the average daily net assets attributable to Class R shares. This expense limitation is in effect through August 1, 2018. There can be no assurance that the adviser will extend the expense limitation beyond such time. While in effect, the arrangement may be terminated for a class only by agreement of the adviser and the Board of Trustees. 37. The fee waiver and/or expense reimbursement above has been updated to reflect that the investment manager has contractually agreed to waive or assume certain expenses so that total annual Fund operating expenses (excluding Rule 12b-1 fees, acquired fund fees and expenses and certain non-routine expenses) for each class of the Fund do not exceed 1.13% through April 30, 2019. The investment manager has also contractually agreed in advance to reduce its fees as a result of the Fund s investment in a Franklin Templeton money fund (acquired fund) for the next 12 month period. Contractual fee waiver and/or expense reimbursement agreements may not be changed or terminated during the time period set forth above. 38. Management has contractually agreed in advance to reduce its fees as a result of the Fund's investment in a Franklin Templeton money fund (acquired fund) for the next 12-month period. Contractual fee waiver and/or expense reimbursement agreements may not be terminated during the terms set forth above. 39. The fee waiver and/or expense reimbursement above has been updated to reflect that the investment manager has contractually agreed to waive or assume certain expenses so that total annual Fund operating expenses (excluding Rule 12b-1 fees, acquired fund fees and expenses and certain non-routine expenses) for each class of the Fund do not exceed 0.85% through December 31, 2019. Contractual fee waiver and/or expense reimbursement agreements may not be changed or terminated during the time period set forth above. 40. The investment manager has contractually agreed in advance to reduce its fees as a result of the Fund's investments in Franklin Templeton affiliated funds (acquired funds), including a Franklin Templeton money fund, for the next 12-month period. Contractual fee waiver and/or expense reimbursement agreements may not be changed or terminated during the time period set forth above. 41. The investment manager has contractually agreed in advance to reduce its fee as a result of the Fund's investment in Franklin Templeton affiliated funds (acquired funds), including a Franklin Templeton money fund (acquired fund) for the next 12-month period. Contractual fee waiver and/or expense reimbursement agreements may not be changed or terminated during the time period set forth above. Transparent Value, LLC and Guggenheim Investments, the fund manager for the investment management business of Guggenheim Partners, LLC, is an affiliate of Sammons Enterprises, Inc. the parent company of Midland National Life Insurance Company and Sammons Retirement Solutions Inc. IRAs are considered a long-term investment. Withdrawals from a Traditional or SEP IRA are generally subject to income taxes and if taken before age 59½, may be subject to an additional 10% IRS tax penalty. Withdrawals from a Roth IRA are generally not subject to income tax provided certain requirements are met. Sammons Institutional GroupSM, Inc. and its affiliated companies do not give tax, legal, or investment advice. Please consult with and rely upon your own tax, legal, or investment advisor(s). UMB Bank n.a. is the custodian for the LiveWell Mutual Fund IRA program. The mutual funds offered through the LiveWell Mutual Fund IRA are made available through Sammons Financial Network LLC, member FINRA, 4546 Corporate Drive, Suite 100, West Des Moines, IA 50266. Information about the LiveWell Mutual Fund IRA and its funds can be obtained by calling 866-747-3421. Sammons Institutional GroupSM, Inc. and Sammons Financial Network LLC, member FINRA are affiliated companies and are not affiliated with UMB Bank n.a. Sammons Financial Group, Inc. is comprised of Midland National Life Insurance Company, North American Company for Life and Health Insurance, Sammons Institutional GroupSM, Inc., Sammons Retirement Solutions (a division of Sammons Institutional Group), Midland Retirement Distributors (a division of Sammons Institutional Group), and Sammons Financial Network LLC, member FINRA. Mutual Funds are not bank deposits, and are not insured by the FDIC, NCUA, or other regulatory agencies. They are not obligations of or guaranteed by the financial institution or other affiliated entities, and are not a condition of a loan. These products are subject to market risks and may lose value, including loss of principal. Sammons Retirement Solutions, Inc. Customer Service Center 866.747.3421 16407M 8 REV 09-18