STRS Russell 1000 Index Choice Large-Cap

Investment Objective The primary objective of the STRS Russell 1000 Index Choice is long-term capital appreciation. This investment choice is intended to closely match the return of the Russell 1000 Index, before fees.

Investment Characteristics STRS Russell 1000 Index Choice is composed of approximately 1,000 stocks chosen for market size (large-cap), liquidity and industry group representation. The return consists of capital appreciation plus dividend yield.

Risk An investment in the STRS Russell 1000 Index Choice could lose value over short or even long periods due to volatility of common stocks. You should expect the choice’s share price and total return to fluctuate within a wide range like the fluctuations of the overall stock market. The choice is subject to a variety of risks which can adversely affect performance. Some of these include stock market risk and investment style risk.

Investment Manager STRS Ohio

Composition as of March 31, 2017 Index Characteristics as of March 31, 2017

Top 10 Holdings % of Index Total Market Value ...... $22.61 Trillion Apple Inc...... 3.5% Mean Market Value ...... $24.70 Billion Microsoft Corp...... 2.2% Weighted Avg. Market Value ...... $150.9 Billion Amazon.com Inc...... 1.5% Largest Co. Market Value ...... $786.9 Billion Johnson & Johnson ...... 1.5% Smallest Co. Market Value ...... $98.4 Million Exxon Mobil Corp...... 1.5% Median Share Price ...... $56.33 JPMorgan Chase & Co...... 1.4% P/E Ratio ...... 22.1 Facebook Inc...... 1.4% Dividend Yield ...... 1.96% Berkshire Hathaway Inc...... 1.4% General Electric Co...... 1.2% Investment Performance AT&T Inc...... 1.1% Please refer to the STRS Ohio Investment Performance Report included in this selection packet. Sector Weightings as of March 31, 2017 Annual Asset Management Fee Information Technology ...... 21.4% The total annual fee for STRS Russell 1000 Index Financials ...... 14.6% Choice is 0.10%. Health Care ...... 13.4% Consumer Discretionary ...... 12.8% Industrials ...... 10.4% Consumer Staples ...... 8.8% Energy ...... 6.3% Real Estate ...... 3.7% Materials ...... 3.2% Utilities ...... 3.1% Telecommunications Services ...... 2.3%

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