when interest rates riseandvice versa. investments. general, bondprices In fall ofits andmaturity news andthequality conditions, economic andpolitical on changesininterest rates, market total return changedaily andare based A bondfund’s yield, share price and providing potentially steady income. more aggressive investments with one The investor may desire to balance market orstablevalueinvestment. potential income thanwithamoney appropriate higher for someoneseeking investments may bemost Investor Profile Index’s total rate ofreturn. The Fund seeksto closelymatch the Barclays Government/Credit BondIndex. securities includedintheBloomberg ofthe which buys andholdsportfolios Barclays Government/Credit BondIndex, invested entirely intheBloomberg The Govt/Credit Fund BondIndex is How theFund Works securities. U.S. ofhighquality diversified portfolio while minimizingriskthrough ahighly some potential for capitalappreciation To provide highcurrent income and Investment Objective 98214FFS_ AM521528-0618 Assets Group, LLC and Great-West Capital Management, LLC. LLC. Management, Capital LLC Great-West and Group, Assets registered including affiliates, and NY, York, subsidiaries New their and Office: Home York, New of Company Insurance & Annuity Vil Greenwood Headquarters: Company, Corporate Insurance &Annuity Life byGreat-West provided services and products Retirement &Annuity Life Great-West of asubsidiary and FINRA/SIPC Member Inc., Equities, GWFS through distributed or offered Securities State of Alaska As of: 6/30/2018 As of: State ofAlaska Inception Date: Inception 2/28/1994 Government/Credit Index Bond oe akt 0.26% 1.07% 41.61% 3.56% assets %of 52.62% Market Money Bond-Munitax 0.89% G/L Other Federal Bond Agency Sector 1 tended asfinancialplanningorinvestment advice. The allocationsfor to thefundare change. subject The allocations shown are basedonaninvestment strategy basedonriskandreturn. This isnotin- Diversification Annual Management FeeAnnual Management 0.07% Asset Allocation eerdCmesto lnSplmna nut lnPERS/TERSDCR Plan Supplemental Annuity Deferred Compensation Plan 1

Fund  *As compared to theotheroptionsinyour plan. Relative /Potential Risk Return* Higher Lower Risk/Return

investment advisers Advised Advised advisers investment FOR ILLUSTRATIVE PURPOSES ONLY lage, CO; Great-West Life Life CO; Great-West lage, Govt/Credit Fund BondIndex Insurance Company. Page 1 of 2 1of Page State of Alaska As of: 6/30/2018 Government/Credit Bond Inception Date: 2/28/1994

Deferred Compensation Plan Supplemental Annuity Plan PERS/TERS DCR Fund Benchmark The Bloomberg Barclays Government/ Largest Holdings2 Credit Bond Index is composed of Issuer % of assets high quality, investment grade U.S. Government and corporate fixed income TREASURY NOTE 2.000 28/2/2021 2.02% securities with maturities greater than TREASURY NOTE 2.250 15/2/2027 1.72% one year. A benchmark index is not TREASURY NOTE 2.250 15/11/2025 1.57% actively managed, does not have a TREASURY NOTE 2.250 31/3/2021 1.50% defined investment objective, and does TREASURY BOND 2.875 15/11/2046 1.46% not incur fees or expenses. Therefore, TREASURY NOTE 1.500 28/2/2019 1.34% performance of a fund will generally be less than its benchmark index. You TREASURY NOTE 2.125 30/11/2023 1.21% cannot invest directly in a benchmark TREASURY NOTE 2.375 15/8/2024 1.15% index. TREASURY NOTE 1.500 31/12/2018 1.10% Fund Management G/L OTHER 1.07% The Govt/Credit Bond Index Fund is managed by BlackRock Institutional Trust Co., N.A. Supplemental Information Avg Effective Maturity 8.75 yrs Real Duration 6.34 yrs Spread Duration 3.19 % Convexity 0.86 %

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.

Funds may impose redemption fees and/or transfer restrictions if assets are held for less than the pub- lished holding period. The Inception Date listed is the date the fund began operations. The “As of” date is the date for which the fund fact sheet is produced.

2U.S. Treasury securities are guaranteed as to the timely payment of principal and interest if held to

Securities offered or distributed through GWFS Equities, Inc., Member FINRA/SIPC and a subsidiary of Great-West Life & Annuity Insurance Company. Retirement products and services provided by Great-West Life & Annuity Insurance Company, Corporate Headquarters: Greenwood Village, CO; Great-West Life & Annuity Insurance Company of New York, Home Office: New York, NY, and their subsidiaries and affiliates, including registered investment advisers Advised Assets Group, LLC and Great-West Capital Management, LLC.

98214FFS_ AM521528-0618 Page 2 of 2