WELLINGTON , NA AS OF JUNE 30, 2016

Unconstrained Themes

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 PORTFOLIO PERFORMANCE The objective of the Unconstrained Themes Portfolio (Series 1) is to pro- Calendar Year Returns (%) vide long-term total return in excess of the MSCI All Country World Index. 40 30.07 MANAGEMENT OF THE PORTFOLIO 30 Wellington Trust is the Portfolio’s trustee and investment manager. 20 16.27 Wellington Trust is a subsidiary of Wellington Management Group LLP, a 13.14 10 Massachusetts limited liability partnership (WMG). Wellington Trust has 2.02 2.25 retained other subsidiaries of WMG, including Wellington Management 0 Company LLP (Wellington Management), to provide investment manage- -10 ment and related services to the Portfolio. -20 -18.03 Wellington Management Portfolio Manager 2010 2011 2012 2013 2014 2015 Wendy Cromwell , CFA Average Annual Returns (%) Senior Managing Director, Dir Global Multi-Asset Strategies Through June 30, 2016 M B A , V a n d e r b i l t U n i v e r s i t y, 1 9 9 5 Since 22 years of professional experience YTD 3 Mos 1 Yr 3 Yrs 5 Yrs Inception* R i c h a r d M e a g h e r, C F A CIF Unconstrained - 3 . 5 9 0 . 5 7 - 8 . 0 6 6 . 6 5 4 . 4 0 5 . 7 9 Managing Director, Multi-Asset Strategist Themes M B A , B o s t o n U n i v e r s i t y, 1 9 9 2 MSCI All Country 1 . 5 8 1 . 1 9 - 3 . 1 7 6 . 6 0 5 . 9 5 7. 6 5 2 5 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 World Index**

FUND DETAILS *The Portfolio began operations on 09/16/2009. Inception Date September 2009 **See “Other Important Information” for information about index(es). Assets USD 460 million NAV USD 14.07 The table above shows the Portfolio’s past performance, which is no Gross Expense Ratio 1.17% guarantee of future results. The value of an investment in the Portfolio Net Expense Ratio 1.06% 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, Acquired Fund Fees and Expenses* 0.00% and include the reinvestment of dividends and capital gains. Portfolio As of April 1, 2016, Wellington Trust reduced the Portfolio fee returns also refl ect the eff ect of any fee waiver or expense reimburse- from 1.15% to 0.75%. ment in eff ect during the period. Index performance does not refl ect Gross Expense Ratio refl ects Portfolio fees and expenses before any expense reimburse- the deduction of fees or expenses, but does refl ect the reinvestment of ment for the current fi scal year period: September 1, 2015 through June 30, 2016. dividends and capital gains. Returns for periods less than one year are Net Expense Ratio refl ects Portfolio fees and expenses after an expense reimbursement n o t a n n u a l i z e d . currently in eff ect, whereby Wellington Trust limits certain Portfolio operating expenses so that they do not exceed 0.03%. This expense limit is eff ective until at least October 31, REGIONAL DISTRIBUTION (%) 2017. At that time, Wellington Trust may elect to extend, adjust or discontinue the expense limit. The expense limit does not apply to operating expenses of other pooled investment Asia Pacific ex Japan 1% vehicles in which the Portfolio invests (acquired funds). United Kingdom 6% *Acquired Fund Fees and Expenses represent the pro rata share of operating expenses Japan 15% of acquired funds. Aggregate acquired fund expenses for the period are included in the expense ratios if greater than 0.01%. See the Portfolio Profi le for details on fees North America 43% and expenses.

PORTFOLIO CHARACTERISTICS Emerging Markets 16% Investment Style Opportunistic Turnover* 104% Europe ex UK 19%

*Turnover is as of 08/31/2015, the Portfolio’s fi scal year end.

Wellington Trust Company, National Association Multiple Collective Investment Quarterly Fact Sheet Funds Trust, Unconstrained Themes (Series 1) Portfolio Not FDIC Insured – May Lose Value – No Guarantee _433091_2 Unconstrained Themes

PORTFOLIO HOLDINGS (%) Strategy Market Exposure (%) Technical Equity 19.6% Global Contrarian Equity 15.3 International Contrarian Value 16.7 Select Quality Equity 6.5 Opportunistic Equity 41.9 Cash and Overlay 13.9 Total 100.0%

SECTOR DISTRIBUTION (%) 25 20.2 20 19.7 17.2 14.9 15.9 15 12.3 12.2 11.410.411.1 11.0 10 6.8 6.6 7.0 4.9 5.7 3.6 4.0 5 3.1 2.4 0.0 0 -0.4 -5 Info TechnologyFinancialsCons DiscretionaryIndustrialsMaterialsCons StaplesHealth CareEnergy Utilities TelecomOther Svcs

Unconstrained Themes MSCI All-Country World Index

Distribution data is sourced from Wellington Management’s internal systems and is based upon unaudited information available. Results could change once data is fi nalized.

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, Unconstrained Themes (Series 1) Portfolio Not FDIC Insured – May Lose Value – No Bank Guarantee _433091_2 Unconstrained Themes

Important Risk Information There is no guarantee the Portfolio’s 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 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 aff ecting 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 deposited 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, Risks of Investments in Other Pools, Real Estate Securities Risk, Commodities Risk and Sale Risks. Information about these and other investment risks is available from y o u r p l a n a d m i n i s t r a t o r.

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: MSCI All Country World Index : The MSCI All Country World Index tracks the equity market performance of global developed and emerging markets.

Wellington Trust Company, National Association Multiple Collective Investment 3 Quarterly Fact Sheet Funds Trust, Unconstrained Themes (Series 1) Portfolio Not FDIC Insured – May Lose Value – No Bank Guarantee _433091_2