Total US Equity Index Fund

Release Date: 06-30-2021 Total US Equity Index Fund ...... Benchmark Morningstar Category Total US Equity Index Custom Large Blend Benchmark

Investment Objective & Strategy Performance This Fund seeks to track the performance of a benchmark 60 Total Return% index that measures the investment return of the overall 45 as of 06-30-21 stock market. 30 Investment Benchmark The Fund employs an indexing investment approach 15 designed to track the performance of the CRSP US Total 0 Market Index, which represents approximately 100% of the -15 investable U.S. stock market and includes large-, mid-, -30 Average annual, if greater small-, and micro-cap stocks regularly traded on the New -45 York Stock Exchange and Nasdaq. It invests by sampling the than 1 year index, meaning that it holds a broadly diversified collection of YTD 1 Year 3 Year 5 Year 10 Year Since Inception securities, that, in the aggregate, approximates the full index 15.25 44.37 18.79 17.96 14.71 7.92 Fund Return % in terms of key characteristics. 15.25 44.35 18.76 17.91 14.68 7.80 Benchmark Return % 14.84 40.47 16.77 16.15 13.21 6.07 Category Average % Fees and Expenses as of 06-30-21 Total Operating Expense 0.02% The performance data quoted represents past performance and does not guarantee future results. The investment Operations and Management return and principal value of an investment will fluctuate; thus an investor's shares, when redeemed, may be worth Fund Inception Date 06-01-14 more or lessYTD than their YTDoriginal cost. YTDCurrent performanceYTD may beYTD lower or higherYTD than return data quoted herein. Investment Advisor(s) Vanguard Group Inc Vanguard Quantitative Funds Growth of $10,000 as of 06-30-21 Investment : $41,796 Benchmark: $41,860 Issuer See Disclosure 50 40 30 Volatility Analysis 20 Investment 10K Low Moderate High 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 06 - 21 Category Portfolio Analysis as of 06-30-21 In the past, this investment has shown a relatively moderate Composition as of 06-30-21 % Assets range of price fluctuations relative to other investments. This Morningstar Style Box™ as of 06-30-21 % Mkt Cap U.S. Stocks 98.9 Large investment may experience larger or smaller price declines or Giant 42.16 Non-U.S. Stocks 1.1 ...... price increases depending on market conditions. Some of this Mid Large 30.31 Bonds 0.0 risk may be offset by owning other investments with different Medium 19.11

Cash 0.0 Small portfolio makeups or investment strategies. Small 6.17 Other 0.0 ...... Micro 2.25 Best 3 Month Return Worst 3 Month Return Value Blend Growth 26.66% -31.29% (Mar '09 - May '09) (Sep '08 - Nov '08) Top 10 Holdings as of 06-30-21 % Assets Morningstar Sectors as of 06-30-21 % Fund Apple Inc 4.85 h Cyclical 31.82 ...... Microsoft Corp 4.60 Notes r Basic Materials 2.44 Amazon.com Inc 3.33 The benchmark for the Total US Equity Index is a customized t Consumer Cyclical 11.89 Facebook Inc Class A 1.88 benchmark that represents performance for the Dow Jones y Financial Services 13.91 Alphabet Inc Class A 1.64 U.S. Total Stock Market Index from inception to 04/30/2018 ...... u Real Estate 3.58 and the CRSP U.S. Total Market Index thereafter. The Expense Alphabet Inc Class C 1.63 j Sensitive 46.65 Ratio will fluctuate based on asset values and market Tesla Inc 1.18 ...... conditions; any fees quoted herein are subject to change. NVIDIA Corp 1.12 i Communication Services 10.48 This Fund includes an investment in the Vanguard Total Stock Berkshire Hathaway Inc Class A 1.08 o Energy 2.78 Market Index Trust. Please reference the disclosure page for JPMorgan Chase & Co 1.06 p Industrials 9.29 additional fee information. The investment manager utilized a Technology 24.10 ...... by the Fund, as well as the manner in which the investment k Defensive 21.53 Total Number of Stock Holdings 3681 ...... manager actually invests Fund assets, may change at any Total Number of Bond Holdings 1 s Consumer Defensive 5.74 time without notice or approval by Plan participants. Annual Turnover Ratio % 3.00 d Healthcare 13.48 f Utilities 2.31

Principal Risks as of 06-30-21 Credit and Counterparty, Long-Term Outlook and Projections, Loss of Money, Not FDIC Insured, Country or Region, Capitalization, Growth Investing, Index Correlation/Tracking Error, Issuer, Market/Market Volatility, Equity Securities, Futures, Restricted/Illiquid Securities, Warrants, U.S. Federal Tax Treatment, U.S. Government Obligations, Derivatives, Pricing, Fixed-Income Securities, Regulation/Government Intervention, Cash Drag, Suitability, Increase in Expenses, Shareholder Activity, Conflict of Interest, Early Close/Late Close/Trading Halt, Forwards, OTC, Passive Management, Swaps, Tax Risk, Zero-Coupon Bond, Small Cap, Mid-Cap, Large Cap, Replication Management, Sampling, Valuation Time, Loss of Money, Not FDIC Insured, Index Correlation/Tracking Error, Market/Market Volatility, Equity Securities, Industry and Sector Investing, Passive Management, Portfolio Diversification

©2021 Morningstar, Inc., Morningstar Investment Profiles™ 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its ® content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of information. Past performance is no guarantee of future performance. Visit our investment website at www.morningstar.com. ß Disclosure

The United Airlines Pilot Retirement Account Plan (the “Plan") LSV Small Cap Value Equity, LSV Asset Management been selected by the Investment Committee based on the is intended to be a participant-directed plan as described in Snyder Capital Management Small Cap Value, Snyder Capital recommendations and analysis provided by Aon Hewitt Section 404(c) of the Employee Retirement Income Security Management, L.P. Investment Consulting. The individual Funds will be reviewed Act of 1974 as amended. Therefore the fiduciaries of these PENN Capital Management Micro Cap Equity, PENN Capital periodically and the Investment Committee will modify the plans are generally relieved of liability for any losses that are Management allocations and/or underlying investment managers when the result of any investment instructions given by a deemed appropriate. participant or a beneficiary of the Plan. Global Equity Fund: Dodge & Cox Global Stock, Dodge & Cox Collective Trust and Separate Account Vehicles An investment's principal value and investment return will T. Rowe Price Instl Global Growth Equity, T. Rowe Price Group, Neither a collective trust fund nor a separate account are fluctuate, so that an investor's unit values may be worth more Inc. mutual funds and their respective units are not registered or less than at the time of the original investment. The Funds under the Securities Act of 1933 or the Investment Company are not FDIC-insured, may lose value and are not guaranteed International Equity Fund: Act of 1940. by a bank or other financial institution. MFS Instl International Equity, MFS Investment Management Dodge & Cox International Stock, Dodge & Cox In order to comply with the new United States Department of This information is not designed to offer investment advice. Dimensional Fund Advisors Intl. Small Company, Dimensional Labor Regulation 404(a), any fees listed below are reflective Although reliable sources are utilized to produce these Fund Advisors, L.P. of each fund’s ratio of investment management fees as well reports, there is no guarantee that this data is accurate, Schroder Inv Mgmt Emerging Markets, Schroder Investment as the ratio of fees required for the fund to continue timely, or complete. Historic performance is not an indication Management Limited operations. The actual fees paid by participants may be lower of future results and should not be relied upon to predict than, or equal to, the fees listed depending on whether a fund future investment returns. International Equity Index: has implemented any fee waivers during the applicable Vanguard Total International Stock Index, The Vanguard period. Investment Issuer Group, Inc. The Funds in the Plan consist of a combination of the below Additionally, the funds may invest, either through separate mutual fund(s) and collective investment trust(s) for which Real Asset Fund: accounts or collective trust, in instruments that are defined there are issuers, along with other separately managed PIMCO Diversified Real Asset Trust, Pacific Investment as commodities under the U.S. Commodity Exchange Act account(s) for which there are appointed investment Management Company, LLC (CEA). These investments may include certain kinds of managers but no issuer(s). Several of the Funds have a 3% financial instruments and may be made for the purposes of target allocation to the Fidelity US Government Money Target Date Funds: seeking investment gains, replicating the returns of an index Market Fund for liquidity purposes. Additional details can be Fidelity US Government Money Market, Fidelity Investments or for hedging. As a result, the Plan Sponsor may be deemed found in the Supplemental Information section. Stable Value Fund, Galliard Capital Management, Inc. a “commodity pool operators” but has claimed an exemption PIMCO Total Return, Pacific Investment Management from the definition of “commodity pool operator” under the Money Market Fund used for liquidity: Company, LLC CEA. As a result, it is not subject to registration or regulation Fidelity US Government Money Market, Fidelity Investments Loomis Sayles Multi-Sector Full Discretion, Loomis, Sayles & as commodity pool operators under the CEA. Inc. Company, L.P. Vanguard Total Stock Market Index, The Vanguard Group, Inc. Cash Equitization Program Information Stable Value Fund: Dodge & Cox Global Stock, Dodge & Cox To maintain broad market exposure for certain amounts Stable Value Fund, Galliard Capital Management, Inc. T. Rowe Price Instl Global Growth Equity, T. Rowe Price Group, maintained in money market funds to allow for the liquidity Inc. necessary for the daily operation of certain funds, State Diversified Bond Fund: MFS Instl International Equity, MFS Investment Management Street Bank and Trust Company has been appointed as PIMCO Total Return, Pacific Investment Management Dodge & Cox International Stock, Dodge & Cox trading advisor to purchase, trade and manage futures Company Dimensional Fund Advisors Intl Small Company, Dimensional contract positions in certain benchmark indices (or Loomis Sayles Multi Sector Full Discretion, Loomis, Sayles & Fund Advisors, L.P. operational equivalents thereof) for the Diversified Bond Fund, Company, L.P. Wellington Core Bond, Wellington Management Company, Large Cap Value Equity Fund, Large Cap Growth Equity Fund Wellington Core Bond, Wellington Management Company, LLP and Small Cap Equity Fund. The trading advisor utilized for the LLP Schroder Inv Mgmt Emerging Markets, Schroder Investment Cash Equitization Program, as well as the manner in which Management Limited such advisor purchases, trades or manages futures contract Total Bond Index: PIMCO Real Return II, Pacific Investment Management positions, may change at any time without notice or approval Vanguard Total Bond Market Index, The Vanguard Group, Inc. Company by Plan participants. PIMCO CommoditiesPLUS, Pacific Investment Management Large Cap Value Equity Fund: Company, LLC Stable Value Fund Supplemental Information Westwood Large Cap Equity, Westwood Holdings Group, Inc. PIMCO Real EstatePLUS, Pacific Investment Management The Stable Value Fund is a separate account managed by Pzena Large Cap Focused Value, Pzena Investment Company, LLC Galliard Capital Management, Inc. (Galliard). It is not a mutual Management, Inc. fund. Its units are not registered under the Securities Act of Target Date Funds Manager 1933, as amended or applicable securities laws of any state Total US Equity Index: The United Airlines Pilot Retirement Account Plan ("PRAP") or other jurisdiction. The Stable Value Fund is not registered Vanguard Institutional Total Stock Market Index Trust, The Target Date Funds are managed by AllianceBernstein L.P. under the Investment Company Act of 1940, as amended, or Vanguard Group, Inc. which is responsible for designing and implementing the other applicable law and unit holders are not entitled to the asset allocation for the Funds. The Target Date Funds will protections of the 1940 Act. The Fund is not insured by Large Cap Growth Equity Fund: collectively pay an annualized fee to AllianceBernstein L.P. of Galliard, any of their affiliates, the FDIC, or any other type of Sands Capital Management Select Growth Equity, Sands $400,000. deposit insurance. The Stable Value Fund is managed with Capital Management, LLC the objective of preserving principal. However, a credit default T. Rowe Price Large Cap Growth, T. Rowe Price Group, Inc. Investment Adviser by a contract issuer, default on the underlying fixed income Aon Hewitt Investment Consulting serves as an investment securities, or certain plan sponsor-directed events could Small Cap Equity Fund: adviser to the Plan. The allocation directed to each underlying result in a fluctuation in the unit value of the Fund and Artisan Partners U.S. Small Cap Growth, Artisan Partners, L.P. investment manager within each of the Funds in the Plan has investors may lose money.

Certain events could cause participant transactions to be Transfer date + 91 calendar days. The restriction is now valued at the separate account asset’s market value (“market lifted, and you are free to transfer these assets to the PCRA. Loomis Sayles Multi Sector Full Discretion – Collective Trust value”) rather than participant’s account book value (“book Manager Website: www.loomissayles.com value”). Most investment contracts limit the book value The "equity wash" requirement is currently an Fee: coverage provided for participant withdrawals arising as a industry-standard requirement in 401(k) plans that 0.57% on the first $15 Million result of an employer-initiated event. This limitation could offer stable value investment options. The Fund pays 0.45% on the next $15 Million cause participant transactions to be executed at market value the investment manager an annualized fee according 0.30% thereafter rather than book value. If this happens, participants could to the schedule below. The fee is based on the fair incur a loss on their investment. market value of the Fund's assets managed by the Wellington Core Bond – Collective Trust investment manager and is subject to change. Manager Website: www.wellington.com Some examples of employer-initiated events (events caused Fee: 0.18% by the employer) include, but are not limited to: the merger of Stable Value Fund – Separate Account the employer or the spin-off of all or a portion of the assets or Manager Website: www.galliard.com Fidelity US Government Money Market – Mutual Fund – significant restructuring or bankruptcy of the employer; the Fee: 0.23% Ticker: FIGXX group layoff, exclusion of a group of employees from Manager Website: www.fidelity.com participation in the Plan, or implementation of an early Diversified Bond Fund Supplemental Information Fee: 0.18% retirement program; an amendment or modification to the The Diversified Bond Fund currently has a target allocation Plan, including the partial termination of the Plan or Fund, or among the following three Investment Managers: PIMCO Total Bond Index Supplemental Information failure of the Plan to maintain favorable tax status; a material Total Return (48.5%), Loomis Sayles Multi Sector Full The Total Bond Index currently invests in the Vanguard Total change to an asset allocation fund that utilizes the Fund; the Discretion (24.25%) and Wellington Core Bond (24.25%). The Bond Market Index Fund. The investment manager utilized by distribution of a communication to participants that is Fund also has a 3% target allocation to the Fidelity US the Fund, as well as the manner in which such investment intended or designed to induce participants to make Government Money Market Fund. These percentage manager actually invests Fund assets, may change at any withdrawals or transfers; the failure to include restrictions allocations are target allocations and may vary. The time without notice or approval by Plan participants. that limit the ability to make direct transfers between the investment manager(s) utilized by the Fund, as well as the Fund and a fund that is similar to the Fund, thereby cause it to manner in which such investment manager(s) actually invests If shares of the Total Bond Index are sold or exchanged, “compete” with the Fund; the establishment by the employer fund assets, may change at any time without notice or participants will not be permitted to buy or exchange back of a plan that competes for contributions by participants. approval by Plan participants. The Fund is rebalanced among into the same fund within 30 calendar days. the investment managers according to the predetermined If your employer experiences an applicable employer-initiated target allocations referenced above and policy ranges to The Fund pays the investment manager an annualized fee event, even though most investment contracts allow for an ensure diversification of assets among various investment according to the schedule below. The fee is based on the fair allowance called a “corridor” which will allow a certain styles represented by the investment managers. market value of the Fund’s assets managed by the amount of these withdrawals to be accorded full book value investment manager and is subject to change. treatment, a Participant withdrawal may be at market value The expense ratio, which is an asset-weighted blend of rather than book value. This may cause affected participants investment management fees plus custody fees, will Vanguard Total Bond Market Index Fund – Mutual Fund – to lose some or all of their investment. fluctuate based on asset values and market conditions; any Ticker: VBMPX fees quoted herein are subject to change. The Fund pays Manager Website: www.vanguard.com The investment manager(s) utilized by the Stable Value Fund, each investment manager an annualized fee according to the Fee: 0.03% as well as the manner in which such investment manager(s) schedules below. The fees are based on the fair market value actually invest Stable Value Fund assets, may change at any of the respective portion of the Fund's assets managed by Large Cap Value Equity Fund Supplemental time without notice or approval by Plan participants. Stable each investment manager and are subject to change. Information value investments make use of investment contracts to help The Large Cap Value Equity Fund currently has a target protect the value of the participant’s investment. The insurers Diversified Bond Fund Fee: 0.26% allocation among the following two Investment Managers: who back these contracts require restrictions (typically Westwood Large Cap Equity (58.2%) and Pzena Large Cap referred to as an equity wash) on transfers to what are PIMCO Total Return – Separate Account Focused Value (38.8%). The Fund also has a 3% target considered "competing funds." Manager Website: www.pimco.com allocation to the Fidelity US Government Money Market Fund. Fee: These percentage allocations are target allocations and may The "equity wash" requirements are effective with 0.25% on the first $600 Million vary. The investment manager(s) utilized by the Fund, as well respect to investments in the Stable Value Fund as of 0.20% on the next $700 Million as the manner in which such investment manager(s) actually June 1, 2014. As a result: You are not able to directly 0.15% thereafter invests fund assets, may change at any time without notice transfer money from the Stable Value Fund into the or approval by Plan participants. The Fund is rebalanced Schwab Personal Choice Retirement Account (PCRA). among the investment managers according to the If you want to move assets from the Stable Value Fund The Fee schedule indicated above for the PIMCO Total Return predetermined target allocations referenced above and policy to the PCRA you must first transfer the balances to separate account is applied to the combined assets of certain ranges to ensure diversification of assets among various one of the other available investment options with the PIMCO Total Return separate accounts within qualified plans investment styles represented by the investment managers. Plan (i.e., the "non-competing investment options in maintained by the Plan Sponsor. Such combined fees are the Plan") and the assets must remain in that non- then allocated to each plan based on its proportional share of The expense ratio, which is an asset-weighted blend of competing investment option for at least 90 days. the combined assets. Should the market value of the investment management fees plus custody fees, will combined assets of such accounts fall below $600 million for fluctuate based on asset values and market conditions; any The "equity wash" restriction runs from the transfer date plus two consecutive calendar quarters, for reasons other than fees quoted herein are subject to change. The Fund pays 90 calendar days, as shown in the following example: Co- market movements, the following fee schedule shall apply to each investment manager an annualized fee according to the worker transfers from the Stable Value Fund to the Large-Cap the account within the Plan: schedules below. The fees are based on the fair market value Value Equity Fund. of the respective portion of the Fund’s assets managed by 0.50% on the first $25 Million each investment manager and are subject to change. Transfer date + 90 calendar days. The restriction is effective 0.38% on the next $25 Million through this date. 0.25% thereafter Large Cap Value Equity Fund Fee: 0.44%

each investment manager an annualized fee according to the 0.90% on the first $100 Million Westwood Large Cap Equity – Separate Account schedules below. The fees are based on the fair market value 0.80% thereafter Manager Website: www.westwoodgroup.com of the respective portion of the Fund’s assets managed by Fee: each investment manager and are subject to change. LSV Small Cap Value Equity - Separate Account 0.75% on the first $25 Million Manager Website: www.lsvasset.com/ 0.55% on the next $25 Million Large Cap Growth Equity Fund Fee: 0.42% Fee: 0.40% on the next $25 Million 0.30% thereafter Sands Capital Management Select Growth Equity – Separate 0.75% on the first $25 Million Account 0.65% on the next $25 Million Pzena Large Cap Focused Value – Separate Account Manager Website: www.sandscapital.com 0.55% thereafter Manager Website: www.pzena.com Fee: Fee: 0.75% on the first $50 Million Snyder Capital Management Small Cap Value - Separate 0.70% on the first $25 Million 0.50% thereafter Account 0.50% on the next $75 Million Manager Website: www.snydercapital.com 0.40% on the next $200 Million Fee: 0.35% thereafter T. Rowe Price Large Cap Growth– Separate Account 1.00% on the first $30 Million Manager Website: www.troweprice.com 0.90% on the next $20 Million Fidelity US Government Money Market – Mutual Fund – Fee: 0.75% on the next $50 Million Ticker: FIGXX 0.325% on the first $500 Million 0.70% on the next $50 Million Manager Website: www.fidelity.com 0.30% thereafter 0.65% thereafter Fee: 0.18% The Fee schedule indicated above for the T. Rowe Price Large PENN Capital Management Micro Cap Equity - Separate Total US Equity Index Supplemental Information Cap Growth separate account is applied to the combined Account The Total US Index currently invests in the Vanguard Total assets of certain T. Rowe Price separate accounts within Manager Website: www.penncapital.com Stock Market Index Trust. The investment manager utilized by qualified plans maintained by the Plan Sponsor. Such Fee: 0.80% the Fund, as well as the manner in which such investment combined fees are then allocated to each plan based on its manager actually invests Fund assets, may change at any proportional share of the combined assets. Fidelity US Government Money Market – Mutual Fund – time without notice or approval by Plan participants. Ticker: FIGXX Fidelity US Government Money Market – Mutual Fund – Manager Website: www.fidelity.com If shares of the Total US Equity Index are sold or exchanged, Ticker: FIGXX Fee: 0.18% participants will not be permitted to buy or exchange back Manager Website: www.fidelity.com into the same fund within 30 calendar days. Fee: 0.18% Global Equity Fund Supplemental Information The Global Equity Fund currently has a target allocation The Fund pays the investment manager an annualized fee Small Cap Equity Fund Supplemental Information among the following two Investment Managers: Dodge & Cox according to the schedule below. The fee is based on the fair The Small Cap Equity Fund currently has a target allocation Global Stock (60%) and T. Rowe Price Instl Global Growth market value of the Fund’s assets managed by the among the following four Investment Managers: Artisan Equity (40%). These percentage allocations are target investment manager and is subject to change. Partners U.S. Small Cap Growth (29%), LSV Small Cap Value allocations and may vary. The investment manager(s) utilized (29%), Snyder Capital Management Small Cap Value (29%) by the Fund, as well as the manner in which such investment Vanguard Institutional Total Stock Market Index – Collective and PENN Capital Management Micro Cap Equity (10%). The manager(s) actually invests fund assets, may change at any Trust Fund also has a 3% target allocation to the Fidelity US time without notice or approval by Plan participants. The Fund Manager Website: www.vanguard.com Government Money Market Fund. These percentage is rebalanced among the investment managers according to Fee: 0.0145% allocations are target allocations and may vary. The the predetermined target allocations referenced above and investment manager(s) utilized by the Fund, as well as the policy ranges to ensure diversification of assets among Large Cap Growth Equity Fund Supplemental manner in which such investment manager(s) actually invests various investment styles represented by the investment Information fund assets, may change at any time without notice or managers. The Large Cap Growth Equity Fund currently has a target approval by Plan participants. The Fund is rebalanced among allocation among the following two Investment Managers: the investment managers according to the predetermined If shares of the Global Equity Fund are sold or exchanged, Sands Capital Management Select Growth Equity (48.5%) target allocations referenced above and policy ranges to participants will not be permitted to buy or exchange back and T. Rowe Price Large Cap Growth (48.5%). The Fund also ensure diversification of assets among various investment into the same fund within 30 calendar days. has a 3% target allocation to the Fidelity US Government styles represented by the investment managers. Money Market Fund. These percentage allocations are target The expense ratio, which is an asset-weighted blend of allocations and may vary. The investment manager(s) utilized The expense ratio, which is an asset-weighted blend of investment management fees plus custody fees, will by the Fund, as well as the manner in which such investment investment management fees plus custody fees, will fluctuate based on asset values and market conditions; any manager(s) actually invests portfolio assets, may change at fluctuate based on asset values and market conditions; any fees quoted herein are subject to change. The Fund pays any time without notice or approval by Plan participants. The fees quoted herein are subject to change. The Fund pays each investment manager an annualized fee according to the Fund is rebalanced among the investment managers each investment manager an annualized fee according to the schedules below. The fees are based on the fair market value according to the predetermined target allocations referenced schedules below. The fees are based on the fair market value of the respective portion of the Fund’s assets managed by above and policy ranges to ensure diversification of assets of the respective portion of the Fund’s assets managed by each investment manager and are subject to change. among various investment styles represented by the each investment manager and are subject to change. investment managers. Global Equity Fund Fee: 0.59% Small Cap Equity Fund Fee: 0.77% The expense ratio, which is an asset-weighted blend of Dodge & Cox Global Stock – Mutual Fund – Ticker: DODWX investment management fees plus custody fees, will Artisan Partners U.S. Small Cap Growth - Separate Account Manager Website: www.dodgeandcox.com fluctuate based on asset values and market conditions; any Manager Website: www.artisanpartners.com Fee: 0.63% fees quoted herein are subject to change. The Fund pays Fee:

T. Rowe Price Instl Global Growth Equity – Collective Trust exchanged, participants will not be permitted to buy or retirement program as it does not take into account any other Manager Website: www.troweprice.com exchange back into the same fund within 30 calendar days. investments either inside or outside the plan held by the Fee: 0.55% participant and there is no guarantee that any single fund will The Fund pays the investment manager an annualized fee provide sufficient retirement income at or through your International Equity Fund Supplemental Information according to the schedule below. The fee is based on the fair retirement. The International Equity Fund currently has a target allocation market value of the Fund’s assets managed by the among the following four Investment Managers: MFS Instl investment manager and is subject to change. International Equity (36.5%), Dodge & Cox International Stock Rebalancing (36.5%), Dimensional Fund Advisors International Small Vanguard Total International Stock Index Fund – Mutual Fund The PRAP Target Date Funds are monitored and may be Company (12%) and Schroder Investment Management – Ticker: VTPSX rebalanced on a monthly basis if certain criteria are met. On a Emerging Markets (15%). These percentage allocations are Manager Website: www.vanguard.com quarterly basis the asset allocation of the Target Date Funds target allocations and may vary. The investment manager(s) Fee: 0.07% will progress along the glidepath towards more conservative utilized by the Fund, as well as the manner in which such investments. investment manager(s) actually invests fund assets, may Real Asset Fund Supplemental Information change at any time without notice or approval by Plan The Real Asset Fund currently invests in the PIMCO Allocation of Stocks and Bonds Exhibit participants. The Fund is rebalanced among the investment Diversified Real Asset Trust. The investment manager utilized The Allocation of Stocks and Bonds exhibit illustrates the managers according to the predetermined target allocations by the Fund, as well as the manner in which such investment target percentage allocated to stocks, bonds, cash and other referenced above and policy ranges to ensure diversification manager actually invests Fund assets, may change at any asset classes based upon years to retirement. The Bond of assets among various investment styles represented by time without notice or approval by Plan participants. allocation represents assets invested in the Loomis Sayles the investment managers. Multi Sector Full Discretion Strategy, the Diversified Bond The Fund pays the investment manager an annualized fee Fund and the PIMCO Real Return Collective Trust II. The US The expense ratio, which is an asset-weighted blend of according to the schedule below. The fee is based on the fair Stocks allocation represents assets invested in the Total US investment management fees plus custody fees, will market value of the Fund’s assets managed by the Equity Index Fund. The Non-US Stocks allocation represents fluctuate based on asset values and market conditions; any investment manager and is subject to change. assets invested in the International Equity Fund. The Cash fees quoted herein are subject to change. The Fund pays allocation represents assets invested in the Stable Value each investment manager an annualized fee according to the PIMCO Diversified Real Asset Trust – Collective Trust Fund. The Other allocation represents assets invested in the schedules below. The fees are based on the fair market value Manager Website: www.pimco.com Global Equity Fund, the PIMCO Real Estate Plus Collective of the respective portion of the Fund’s assets managed by Fee: 0.41% Trust and the PIMCO Commodities Plus Collective Trust. The each investment manager and are subject to change. "Years Until Retirement" label on the horizontal axis is defined PRAP Target Date Funds Supplemental Information as the number of years until age 65. International Equity Fund Fee: 0.70% (Target Date Retirement Fund, Target Date 2010 Fund, Target Date 2015 Fund, Target Date 2020 Fund, Target Date 2025 Expense Ratio MFS Instl International Equity – Mutual Fund – Ticker: MIEIX Fund, Target Date 2030 Fund, Target Date 2035 Fund, Target The expense ratio, which is an asset-weighted blend of Manager Website: www.mfs.com Date 2040 Fund, Target Date 2045 Fund, Target Date 2050 investment management fees, will fluctuate based on asset Fee: 0.70% Fund, Target Date 2055 Fund) values and market conditions; any fees quoted herein are subject to change. The Expense Ratio also includes the Dodge & Cox International Stock – Mutual Fund – Ticker: The target allocation percentages referenced in the advisory fee paid to AllianceBernstein L.P. for asset allocation DODFX Investment & Objective Strategy section on each of the development and oversight (See Target Date Funds Manager Manager Website: www.dodgeandcox.com Target Date Fund profiles are target allocations and may vary. Section). The Target Date Funds are composed of the Plan’s Fee: 0.63% The investment manager(s) utilized by the Target Date Funds, investment options and other investments. The investment as well as the manner in which such investment manager(s) management fees of the underlying investments are shown DFA International Small Company Fund – Mutual Fund – actually invests fund assets, may change at any time without below. The fees are based on the fair market value of the Ticker: DFISX notice or approval by Plan participants. respective portion of each of the Target Date Fund's assets Manager Website: www.dfaus.com managed by each investment manager and are subject to Fee: 0.52% The performance of each of the Target Date Funds depends change. For target allocations, see the Investment Objective on the allocation of its assets among and the performance of & Strategy section of the appropriate Target Date Fund. The Schroder Investment Management Emerging Markets – the underlying investment managers. The value of the Funds table below shows the fees for each Target Date Fund Collective Trust will vary on a daily basis based on its performance and can be followed by the underlying component funds. Manager Website: www.schroders.com worth more or less than the day of purchase. The Funds are Fee: exposed to specific risks as they relate to potential volatility Target Date Retirement Fund: 0.31% 1.00% on the first $50 Million in the domestic and international stock markets, as well as Target Date 2010 Fund: 0.33% 0.85% on the next $50 Million interest rate and credit risks in the bond market. Since the Target Date 2015 Fund: 0.34% 0.75% on the next $100 Million Target Date Funds invest in various asset classes, the Target Date 2020 Fund: 0.36% 0.60% on the next $50 Million combined risk is likely to be somewhat lower than those of a Target Date 2025 Fund: 0.36% 0.50% thereafter fund invested in only equities and higher than a fund invested Target Date 2030 Fund: 0.36% only in bonds. Target Date 2035 Fund: 0.36% International Equity Index Supplemental Information The Target Date Funds are each individually designed for an Target Date 2040 Fund: 0.35% The International Equity Index currently invests in the investor who plans to withdraw the value in the Target Date Target Date 2045 Fund: 0.35% Vanguard Total International Stock Index Fund. The Fund over a period of many years after the fund’s specified Target Date 2050 Fund: 0.35% investment manager utilized by the Fund, as well as the target year. Generally, each individual fund’s asset allocation Target Date 2055 Fund: 0.35% manner in which such investment manager actually invests will become more conservative over time, meaning that the Fund assets, may change at any time without notice or percentage of assets allocated to stocks will decrease while Stable Value Fund approval by Plan participants. the percentage of assets allocated to bonds and other fixed Fee: 0.23% income investments will increase. Participant’s should If shares of the International Equity Index are sold or consider that no target date fund is intended as a complete Diversified Bond Fund

Fee: 0.26% securities may fluctuate, sometimes rapidly and a letter that roughly corresponds to the scale used by a unpredictably. This risk is generally greater for small and mid- leading NRSRO. Bond funds are assigned a style box Loomis Sayles Multi-Sector Fixed Income sized companies, which tend to be more vulnerable to placement of "low", "medium", or "high" based on their Fee: adverse developments. In addition, focus on a particular style, average credit quality. Funds with a low credit quality are 0.57% on the first $15 Million for example, investment in growth or value securities, may those whose weighted-average credit quality is determined 0.45% on the next $15 Million cause the Fund to under perform other investment funds if to be less than "BBB-"; medium are those less than "AA-", but 0.30% thereafter that style falls out of favor with the market. greater or equal to "BBB-"; and high are those with a weighted-average credit quality of "AA-" or higher. When Total U.S. Equity Index Small and Mid-Sized Company Risk: classifying a bond fund, Morningstar first maps the NRSRO Fee: 0.0145% Investments in small and medium companies often involve credit ratings of the underlying holdings to their respective greater risks than investments in larger, more established default rates (as determined by Morningstar's analysis of Global Equity Fund companies because small and medium companies may lack actual historical default rates). Morningstar then averages Fee: 0.59% the management experience, financial resources, product these default rates to determine the average default rate for diversification, experience, and competitive strengths of the entire bond fund. Finally, Morningstar maps this average International Equity Fund larger companies. Additionally, in many instances the default rate to its corresponding credit rating along a convex Fee: 0.70% securities of small and medium companies are traded only curve. over-the-counter or on regional securities exchanges and the PIMCO Real Return II frequency and volume of their trading is substantially less and For interest-rate sensitivity, Morningstar obtains from fund Fee: 0.30% may be more volatile than is typical of larger companies. companies the average effective duration. Generally, Morningstar classifies a fixed-income fund's interest-rate PIMCO CommoditiesPLUS Dividends sensitivity based on the effective duration of the Morningstar Fee: 0.48% Any dividends or interest paid with respect to any of the Core Bond Index (MCBI), which is currently three years. The holdings of the Fund will be held in the Fund and reinvested. classification of Limited will be assigned to those funds PIMCO Real EstatePLUS Participants, alternate payees and their beneficiaries are not whose average effective duration is between 25% to 75% of Fee: 0.48% entitled to receive dividend or interest distributions from the MCBI's average effective duration; funds whose average Fund, but dividend and/or interest will be reflected in the NAV effective duration is between 75% to 125% of the MCBI will Risks of Funds of the Fund. be classified as Moderate; and those that are at 125% or Active Management Risk: greater of the average effective duration of the MCBI will be The Fund is actively managed and its performance therefore Morningstar Style BoxTM classified as Extensive. will reflect in part the ability of the fund managers to make The Morningstar Style Box reveals a fund's investment investment decisions that are suited to achieving the Fund's strategy as of the date noted on this report. For municipal bond funds, Morningstar also obtains from fund investment objective. Due to its active management, the companies the average effective duration. In these cases Fund could under perform other investment funds with similar For equity funds the vertical axis shows the market static breakpoints are utilized. These breakpoints are as investment objectives. capitalization of the long stocks owned and the horizontal axis follows: (i) Limited: 4.5 years or less; (ii) Moderate: more shows investment style (value, blend, or growth). than 4.5 years but less than 7 years; and (iii) Extensive: more Issuer Risk: than 7 years. In addition, for non-US taxable and non-US An issuer may perform poorly, and therefore, the value of its For fixed-income funds, the vertical axis shows the credit domiciled fixed income funds static duration breakpoints are stocks and bonds may decline. Poor performance may be quality of the long bonds owned and the horizontal axis used: (i) Limited: less than or equal to 3.5 years; (ii) caused by poor management decisions, competitive shows interest rate sensitivity as measured by a bond's Moderate: greater than 3.5 and less than equal to 6 years; pressures, breakthroughs in technology, reliance on suppliers, effective duration. (iii) Extensive: greater than 6 years. labor problems or shortages, corporate restructurings, fraudulent disclosures, or other factors. Morningstar seeks credit rating information from fund Volatility Analysis companies on a periodic basis (e.g., quarterly). In compiling Morningstar's Volatility Analysis is based on the investment's Fixed-Income Risk: credit rating information Morningstar accepts credit ratings 3-year standard deviation overall percentile rank within its Investments in fixed-income securities are subject to certain reported by fund companies that have been issued by all investment category universe at Morningstar. Specific risks, such as interest rate risk, credit/default risk, investment Nationally Recognized Statistical Rating Organizations investment funds are then classified as having one of three grade securities risk and pre-payment risk. Generally, a rise in (NRSROs). For a list of all NRSROs, please visit http:// volatility levels relative to all types of mutual fund interest rates causes the value of a bond to decrease, and www.sec.gov/divisions/marketreg/ratingagency.htm. investments: Low, Moderate, and High which are further vice versa. Additionally, Morningstar accepts foreign credit ratings from described below. Investments with wider ranges of returns widely recognized or registered rating agencies. If two rating are labeled "high," as they are considered riskier than "low" Foreign Securities/Emerging Market Risk: organizations/agencies have rated a security, fund companies volatility investments, which have had smaller ranges of Investments in foreign securities involve special additional are to report the lower rating; if three or more organizations/ returns. Only a category average is shown for investment risks. These risks include, but are not limited to, currency risk, agencies have rated a security, fund companies are to report funds that have not been in existence for at least three political risk, and risk associated with varying accounting the median rating, and in cases where there are more than years. standards. Investing in emerging markets may accentuate two organization/agency ratings and a median rating does not these risks. Emerging market risk is the risk of investing in exist, fund companies are to use the lower of the two middle Low: In the past, this investment or category has shown a countries that may have instability in their politics or ratings. PLEASE NOTE: Morningstar, Inc. is not itself an relatively small range of price fluctuations relative to other economic environment and are not considered developed. NRSRO nor does it issue a credit rating on the fund. An investments. Based on this measure, currently more than two Currency risk is the risk of currency fluctuations relative to the NRSRO or rating agency ratings can change from time-to- thirds of all investments have shown higher levels of risk. This US Dollar. time. investment may appeal to investors looking for a conservative investment strategy. Market Risk: For credit quality, Morningstar combines the credit rating The market value of securities may fall or fail to rise. Market information provided by the fund companies with an average Moderate: In the past, this investment has shown a relatively risk may affect a single issuer, sector of the economy, default rate calculation to come up with a weighted-average moderate range of price fluctuations relative to other industry, or the market as a whole. The market value of credit quality. The weighted-average credit quality is currently investments. This investment may experience larger or

smaller price declines or price increases depending on market conditions.

High: In the past, this investment has shown a wide range of price fluctuations relative to other investments. This investment may experience significant price increases in favorable markets or undergo large price declines in adverse markets.

N/A: The volatility measure is not displayed for investments with fewer than three years of history.

Portfolio/Fund Analysis: Composition Exhibit When a portfolio or fund contains only long-positioned securities that sum to 100% of the fund's value, a pie graph is displayed to illustrate the investment's percentage allocation to U.S. Stocks, Non-U.S. Stocks, Bonds, Cash and Other.

When a portfolio or fund contains short and/or derivative positions, a bar chart is displayed. The x-axis of the bar chart represents the percentage each investment group holds, with the y-axis representing a zero value. Portions of a bar to the right of the y-axis represent positive, or "long", security positions, while portions of a bar to the left of the y-axis represent negative, or "short", security positions. The table to the right of the bar chart sums these two positions to present the "net" emphasis of each investment group.