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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
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