WELLINGTON , NA AS OF JUNE 30, 2016

® Wellington Trust Target 2020

The Portfolio is a collective maintained by Wellington Trust Company, NA (Wellington Trust), and is available for investment only by qualifi ed retirement plans and their plan participants. INVESTMENT OBJECTIVE FUND DETAILS The objective of the Wellington Trust Target Series 2020 (Series 1) is Inception Date September 2009 to provide long-term total return in excess of the Composite Index. Assets USD 356 million The Composite Index is the weighted blend of the benchmarks of the NAV USD 13.09 component asset classes of the Portfolio; the Portfolio’s asset class Gross Expense Ratio 0.59% composition is defi ned by the Asset Allocation Glidepath. Net Expense Ratio 0.55% KEY CONSIDERATIONS Acquired Fund Fees and Expenses* 0.03% Each target-date portfolio has a date in its name–we call this the As of May 1, 2016, Wellington Trust reduced the Portfolio fee from portfolio’s “target date.” The target date is the approximate year when 0.55% to 0.45%. an investor expects to retire, stop making new contributions, and Gross Expense Ratio refl ects Portfolio fees and expenses before any expense reimburse- begin withdrawing from his or her account. The asset allocation of the ment for the current fi scal year period: September 1, 2015 through June 30, 2016. Net portfolios, or mix of stocks and bonds, varies according to the targeted Expense Ratio refl ects Portfolio fees and expenses after an expense reimbursement cur- retirement year. We’ve designed the portfolios assuming that people plan rently in eff ect, whereby Wellington Trust limits certain Portfolio operating expenses so that they do not exceed 0.05%. This expense limit is eff ective until at least October 31, 2017. At to retire around age 65. If you plan to retire much earlier or later, then that time, Wellington Trust may elect to extend, adjust or discontinue the expense limit. The you may want a diff erent Target Series Portfolio to refl ect the diff erent expense limit does not apply to operating expenses of other pooled investment vehicles in amount of time over which your retirement assets will support your fi nan- which the Portfolio invests (acquired funds). cial needs. Portfolios that are furthest away from their target dates start *Acquired Fund Fees and Expenses represent the pro rata share of operating expenses of acquired funds. Aggregate acquired fund expenses for the period are included in out invested almost entirely in equities to emphasize the growth potential the expense ratios if greater than 0.01%. See the Portfolio Profi le for details on fees needed to build wealth over the long term. As the investor moves closer and expenses. to retirement, and eventually into retirement, the portfolio automatically adjusts to a more conservative mix of investments. The portfolios are GLIDEPATH ALLOCATION designed for investors who plan to gradually draw upon these assets 100 after and during retirement. Investments in target-date portfolios are not guaranteed against loss of principal; at any time, an account value can 80 be more or less than the original amount contributed–including at the time of the portfolio’s target date. Also, investing in target-date portfolios 1 %% does not guarantee suffi cient income in retirement. 60 12 20 25 17 MANAGEMENT OF THE PORTFOLIO 45 7 25 18 30 Wellington Trust is the Portfolio’s trustee and investment manager. 40 Wellington Trust is a subsidiary of Wellington Management Group LLP, a Massachusetts limited liability partnership (WMG). Wellington Trust has 20 retained other subsidiaries of WMG, including Wellington Management Company LLP (Wellington Management), to provide investment manage- ment and related services to the Portfolio. 0 45 40 35 30 25 20 15 10 5 Target 51015 20 Date Wellington Management Portfolio Manager Years Until Retirement Years After Retirement Stocks Bonds Inflation-Sensitive Assets Alternatives Cash Christopher Goolgasian , CFA As of 1/1/2016 Managing Director , Associate Director, Global Multi-Asset Strategy M B A , B r y a n t U n i v e r s i t y, 1 9 9 7 Asset Allocation Glidepath illustrates target allocations, and is subject to change. 22 years of professional experience TARGET ASSET CLASS DISTRIBUTION (%) N i c h o l a s P e t r u c e l l i, C F A Stocks 52.2% Managing Director, Multi-Asset Portfolio Manager Bonds 21.0 M.S., London Business School, 2013 Cash 0.0 8 y e a r s o f p r o f e s s i o n a l e x p e r i e n c e Infl ation-Sensitive Assets 15.1 Alternatives 11.7

Figures shown are target weights based on underlying components, are only a guide, and are subject to change.

Wellington Trust Company, National Association Multiple Collective Investment Quarterly Fact Sheet Funds Trust, Target Series 2020 (Series 1) Portfolio Not FDIC Insured – May Lose Value – No Guarantee _432903_1 Wellington Trust Target® 2020

PORTFOLIO PERFORMANCE EQUITY MARKET CAP DISTRIBUTION – % OF EQUITY

Calendar Year Returns (%) Less than $2 Bil 12% 20 Greater than $50 Bil 29% 15.84 15 13.16 12.19 $2 – 10 Bil 25% 10

5 1.30 0 $20 – 50 Bil 20% $10 – 20 Bil 14% -1.39 -5 -4.04 2010 2011 2012 2013 2014 2015 REGIONAL DISTRIBUTION – % OF TOTAL Average Annual Returns (%) 30 Through June 30, 2016 25 Since YTD 3 Mos 1 Yr 3 Yrs 5 Yrs Inception* 20 CIF Wellington Trust 0 . 8 0 1 . 8 5 - 3 . 8 0 4 . 0 2 4 . 0 8 5 . 8 1 15 Target 2020 10 S&P 500 Index** 3.84 2.46 3.99 11.66 12.10 12.81 Target 2020 4.11 2.01 0.46 4.99 4.35 6.22 5 Custom Index** 0 North AmericaContinental Asia Europe Pacific Emerging ex Japan MarketsJapan United KingdomDeveloped Middle East *The Portfolio began operations on 09/16/2009. **See “Other Important Information” for information about the index(es). The Target 2020 Custom Index is a custom index, calculated by combining the returns of multiple market indexes, that allows you to compare the Portfolio’s returns with the performance of a blended index refl ecting the market sectors in which the Portfolio invests at similar weights to the Portfolio’s investments. For details regarding the composition of the custom index, see “Other Important Information” below. – CREDIT QUALITY DISTRIBUTION % OF TOTAL 25 The table above shows the Portfolio’s past performance, which is no guarantee of future results. The value of an investment in the Portfolio 20 will vary over time, and you could lose money by investing in the Portfolio. Returns are shown net of the Portfolio’s fees and expenses, 15 and include the reinvestment of dividends and capital gains. Portfolio 10 returns also refl ect the eff ect of any fee waiver or expense reimburse- ment in eff ect during the period. Index performance does not refl ect 5 the deduction of fees or expenses, but does refl ect the reinvestment of 0 dividends and capital gains. Returns for periods less than one year are AAA AA A BBB BB B Less Than B n o t a n n u a l i z e d .

EQUITY REGIONAL DISTRIBUTION – % OF EQUITY Asia Pacific ex Japan 3% Excludes securities that are not rated. Includes exposure gained from fi xed income securi- United Kingdom 8% ties, cash equivalents, and derivatives. Any negative values are due to positions within the underlying components of the portfolio. Japan 11% Distribution data is sourced from Wellington Management’s internal systems and is based North America 48% upon unaudited information available. Results could change once data is fi nalized. Emerging Markets 12%

Continental Europe 18% The information in this Quarterly Portfolio Factsheet supplements a more complete description of the Portfolio in its Portfolio Profi le. Before invest- ing, please review and consider the important information about the Portfolio’s investment strategy, risks, expenses and operations detailed in the Portfolio Profi le.

Wellington Trust Company, National Association Multiple Collective Investment 2 Quarterly Fact Sheet Funds Trust, Target Series 2020 (Series 1) Portfolio Not FDIC Insured – May Lose Value – No Bank Guarantee _432903_1 Important Risk Information WellingtonThere is no guaranteeTrust Target the Portfolio’s® 2020 investment strategy will be successful. Investing involves risk, and an investment in the Portfolio could lose money. The Portfolio’s principal risks include: M a n a g e r R i s k : Investment performance depends on the portfolio management team and the team’s investment strategies. If the investment strategies do not perform as expected, if opportunities to implement those strategies do not arise, or if the team does not implement its investment strategies successfully, an investment portfolio may underperform or suff er signifi cant losses; E q u i t y M a r k e t R i s k : Equity markets are subject to many factors, including economic conditions, government regulations, market sentiment, local and international political events, and environmen- tal and technological issues; N o n - U S I n v e s t m e n t R i s k s : Securities of non-US governments and companies which are generally denominated in non-U.S. currencies present risks not typically associated with securities of the United States Government or United States companies. Investing in securities of issuers based in countries with developing (or “emerging market”) economies may carry risks diff erent from, or greater than, risks of investing in securities of the US or other developed countries. These risks may include changes in currency exchange rates; less-liquid markets and less available information; less government supervision of exchanges, brokers, and issuers; increased social, economic, and political uncertainty; increased risk of illiquidity; and greater price volatility; Risks of Investments in Other Pools: Investors in a fund that has invested in another fund will be subject to the same risks, in direct proportion to the amount of assets the fi rst fund has invested in the second, as direct investors in that second fund; Fixed Income Securities Market Risks: Fixed income securities markets are subject to many factors, including economic conditions, government regulations, market sentiment, and local and international political events. In addition, the market value of fi xed income securities will fl uctuate in response to changes in interest rates, currency values, and the creditworthiness of the issuer; I n t e r e s t R a t e R i s k : Generally, the value of fi xed income securities will change inversely with changes in interest rates. The risk that changes in interest rates will adversely aff ect investments will be greater for longer-term fi xed income securities than for shorter-term fi xed income securities; Risks of Derivative Instruments: Derivatives can be volatile and involve various degrees of risk. The value of derivative instruments may be aff ected by changes in overall market movements, the business or fi nancial condition of specifi c companies, index volatility, changes in interest rates, or factors ectingaff a particular industry or region. Other relevant risks include the possible default of the counterparty to the transaction and the potential liquidity risk with respect to particular derivative instruments. Moreover, because many derivative instruments provide signifi cantly more market exposure than the money paid or depos- ited when the transaction is entered into, a relatively small adverse market movement can not only result in the loss of the entire investment, but may also expose a portfolio to the possibility of a loss exceeding the original amount invested; Smaller Capitalization Stock Risk: The share prices of small and mid-cap companies may exhibit greater volatility than the share prices of larger capitalization companies. In addition, shares of small and mid-cap companies are often less liquid than larger capitalization companies; L i m i t s o n T r a d i n g : Wellington Management retains the right to suspend/limit trading in order to curb abusive trading or in case of market disruption. Additional Risks The strategy is also subject to the following risks: Currency Risk, Concentration Risk, Issuer Specifi c Risk, Risk,Liquidity Risk, Real Estate Securities Risk, Credit Risk, Prepayment Risk, Below Investment Grade Risks, Bank Loan Risk, Commodities Risk, Convertible Securities Risk and Repo & Reverse Repo Risks. Information about these and other investment risks is available from your plan administrator.

Other Important Information: This document does not constitute an off er to sell or the solicitation of an off er to purchase shares or other securities. The Portfolio is available exclusively to, and the information provided above is designed for, certain qualifi ed retirement plans and their participants and benefi ciaries as described under “About Wellington Trust and the Portfolio” within the Portfolio Profi le. The Portfolio is a collective investment fund established within the Wellington Trust Company, NA Multiple Collective Investment Funds Trust (the “Trust”) and is designed for use by employee benefi t plans which are exempt from taxation under Section 501(a) of the Internal Revenue Code of 1986, by reason of qualifying under Section 401(a) of the Code. Wellington Trust Company, NA (“Wellington Trust”), a national banking association whose business is to provide investment management, trust and other fi duciary services, serves as trustee of the Trust and manages the strategy’s investments. The terms of the Plan and Declaration of Trust are incorporated herein by reference and should be reviewed for a complete statement of its terms and provisions. The Portfolio is not FDIC-insured, may lose value and is not guaranteed by a bank or other fi nancial institution. Neither the Portfolio nor the units representing benefi cial interest therein are registered with the Securities and Exchange Commission and thus are not subject to the requirements applied to “mutual funds” or the sale of shares under the Investment Company Act of 1940. Wellington Trust is a subsidiary of Wellington Management Group LLP, a Massachusetts limited liability partnership (WMG). Wellington Trust has retained other subsidiaries of WMG, including Wellington Management Company LLP (“Wellington Management”) to provide investment management and administrative services for Wellington Trust, on behalf of the Trust. Wellington Trust has claimed an exclusion from the defi nition of the term “ operator” under the CommodityExchange Act and, therefore, is not subject to registration or regulation as a pool operator under said Act. Actual performance results of the Portfolio are shown net of all actual ongoing Portfolio expenses, after the eff ect of any contractual or voluntary expense cap. Returns could have been lower without the cap (when applicable). Future costs and expenses, and in turn future Portfolio returns, may vary depending on, among other things, redemptions, Portfolio size, and the performance of the Portfolio. Details regarding any expense cap of the Portfolio are available upon request. The Portfolio’s performance is compared with that of the index or indexes described below. The securities in the Portfolio may diff er signifi cantly from the securities in the index or indexes to which the Portfolio is compared. The Portfolio’s performance is compared with following index or indexes: S&P 500 Index : The S&P 500 Index is a capitalization- weighted index of 500 stocks. The index is designed to measure performance of the broad US economy through changes in the aggregate market value of 500 stocks representing all major industries. Target 2020 Custom Index : The Target 2020 Custom Index is a weighted blend of the indexes for each asset category.

Eff ective 7/1/13, the benchmark is comprised of: Barclays TIPS 1-10 Year (18.6%), MSCI All Country World (34.7%), Citigroup World Government Bond Index Hedged USD (9.0%), Barclays US Aggregate Bond (9.0%), S&P 500 Life Cycle Index* (14.4%), Russell 1000 Value Index/MSCI World Splice** (7.9%), and Multi-Asset Infl ation Index*** (6.4%). An index is an unmanaged portfolio of specifi ed securities and does not refl ect any initial or ongoing expenses. A portfolio may diff er signifi cantly from the securities in an index.

*The S&P 500 Life Cycle Index is a spliced index consisting of the MSCI All Country World Index and S&P 500 Index. **The Russell 1000 Value/MSCI World Splice is a spliced index consisting of the Russell 1000 Value Index and MSCI World Index. ***The Multi-Asset Infl ation Index is intended as a broad representation of a multi-asset infl ation solution and consists of the following: 50% MSCI ACWI Commodity Producers Index (see below), 25% Dow Jones-UBS Commodity Index Total Return, and 25% Barclays US TIPS 1 – 10 Year. This index refl ects a broad opportunity set for a multi-asset infl ation solution and has a volatility profi le that is comparable to that of Diversifi ed Infl ation Hedges. The index also provides a reference point from which to assess the strategic allocation changes that are implemented in the portfolio over time. The MSCI ACWI Commodity Producers Index is an equity-based, market-cap weighted index designed to refl ect the performance of commodity producers within the energy, metals and agricultural sectors.

Wellington Trust Company, National Association Multiple Collective Investment 3 Quarterly Fact Sheet Funds Trust, Target Series 2020 (Series 1) Portfolio Not FDIC Insured – May Lose Value – No Bank Guarantee _432903_1