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Target Date 2045 Fund Fact Sheet

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Target Date 2045 Fund Fact Sheet Target Date Fund 2045 as of 6/30/2021 Glide Path 100% 75% 50% Steady State Allocation 25% 0% 50 45 40 35 30 25 20 15 10 5 0 5 10 15 20 25 30 Years Until Retirement Years After Retirement Equities 79.47% Cash/Bonds 20.53% Objective Target Date 2045 has the following target allocations: Target Date Funds are a series of diversified portfolios Fund Target Allocation % designed to simplify the asset allocation process. Target Date Funds provide a single investment option to accumulate Large Cap Index Fund 10.28% wealth through an expected target date. The date in each Large Cap Fund 14.69% fund name represents the year when you plan to begin Mid Cap Index Fund 4.28% withdrawing your money (in this case, the year 2045). As a funds target date approaches, the allocation to the underlying Mid Cap Fund 5.34% investments automatically shifts to a more conservative Small Cap Index Fund 1.71% mix in order to preserve the accumulated balance. Small Cap Fund 2.13% Strategy International Index Fund 15.86% International Fund 19.82% Target Date Funds invest primarily in a combination of the seven major asset classes U.S. Large Cap Stocks, U.S. Mid Bond Index Fund 4.75% Cap Stocks, U.S. Small Cap Stocks, International Stocks, Bond Fund 7.93% Bonds, Short Term Investments, and Diversified Real Return Short Term Investment Fund 1.87% strategies. The funds are intended to provide a combination of capital appreciation, capital preservation, and protection Short Term Investment Fund - Cash 1.87% against inflation. Each of the funds seek to provide capital RhumbLine TIPS Index Fund 4.11% growth and income consistent with its current asset Cohen & Steers Real Assets 5.36% allocation which will become more conservative over time, automatically increasing its allocation to bonds and short At any given point in time, actual allocations among the term investments while decreasing its allocation to stocks and underlying strategies may vary somewhat due to market diversified real return strategies. Rather than investing directly movements and portfolio cash flows. The performance into individual securities, Target Date Funds will achieve of each Target Date Fund is measured against a custom their objectives by allocating its assets to other investment benchmark consisting of the primary benchmark of each of funds/strategies that are offered under Savings Plus. the underlying investment funds/strategies at the respective target allocation (see Additional Disclosures for definition). The asset allocation of the fund may equal less than or greater than 100% due to hedged funds or leveraged cash positions by the fund. Savings Plus Target Date Fund 2045 1 Target Date Fund 2045 — as of 6/30/2021 Investment Manager Information Kayne Anderson Rudnick Investment Management, LLC - 1800 Avenue of the Stars, 2nd Floor Investment Option Inception Date: 3-21-2014 Los Angeles, CA 90067 Amundi Pioneer Institutional Asset Management, Inc. Team Managed – Small Cap 60 State St. www.kayne.com Boston MA 02109 Manning & Napier Advisors LLC Team Managed – Bond 290 Woodcliff Dr. www.amundipioneer.com Fairport NY 14450 Bank of Oklahoma Team Managed - International Tower 9520 N. May Ave. www.manning-napier.com Oklahoma City OK 73120 MFS Institutional Advisors, Inc. Team Managed – STIF–Cash 111 Huntington Ave. www.bokf.com Boston Massachusetts 02199 Baillie Gifford Overseas Ltd Team Managed – Large Cap, Mid Cap Calton Square 1 Greenside Row www.mfs.com Edinburgh Scotland EH1 3AN Northern Trust Investments, Inc. Team Managed - International 50 S. LaSalle St., M-23 www.bailliegifford.com Chicago IL 60603 Barrow, Hanley, Mewhinney & Strauss, LLC Manager: Chris Jaeger – Small Cap 2200 Ross Ave., 31st Fl. Team Managed – International Dallas TX 75201 www.northernfunds.com Team Managed - Mid Cap RBC Global Asset Management (U.S.), Inc. www.barrowhanley.com 50 S. Sixth St., Ste. 2350 BlackRock Financial Management, Inc. Minneapolis MN 55402 400 Howard St. Team Managed - STIF Cash San Francisco CA 94105 www.rbcgam.com Team Managed – Bond, Large Cap, Mid Cap RhumbLine Advisers Limited Partnership www.blackrock.com 265 Franklin St., 21st Fl. Boston Partners Global Investors, Inc. Boston MA 02110 1 Beacon St., 30th Fl. Team Managed - TIPS Boston MA 02108 www.rhumblineadvisers.com Team Managed – Large Cap Templeton Investment Counsel LLC www.boston-partners.com 300 S.E. 2nd St. Boston Partners Global Investors, Inc. Ft. Lauderdale FL 33301 909 Third Ave., 32nd Fl. Team Managed - International New York NY 10022 www.franklintempleton.com Manager: Steve Pollack – Mid Cap Union Bank www.boston-partners.com 1201 3rd Ave., 9th Fl. Ceredex Value Advisors, LLC Seattle WA 98101 301 E. Pine Street, Ste. 500 Team Managed – STIF–Cash Orlando, FL 32801 Portfolio www.unionbank.com Manager: Mills Riddick – Large Cap Voya Investment Management Co., LLC www.ceredexvalue.com 230 Park Ave., 14th Fl. Cohen & Steers Capital Management, Inc New York NY 10169 280 Park Ave., 10th Fl. Team Managed – Mid Cap, Large Cap, STIF New York NY 10017 www.voya.com Manager: Vincent Childers - Real Assets Wellington Management Company LLP www.cohenandsteers.com 280 Congress St. Dimensional Fund Advisors LP Boston MA 02210 6300 Bee Cave Rd., Bldg. One Team Managed – International Austin,TX 78746 www.wellington.com Team Managed – Small Cap Wells Capital Management, Inc. us.dimensional.com 525 Market St., 10th Fl. Goldman Sachs Asset Management, L.P. San Francisco CA 94105 200 West St. Team Managed – STIF New York, NY 10282 www.wellscap.com Team Managed - STIF Cash, Small Cap www.gsam.com 2 Target Date Fund 2045 — as of 6/30/2021 Estimated Fees Important Information About Risk No transaction fees are charged. Instead, the Fund Investment in the Funds involves a certain amount of risk and indirectly incurs management fees that are charged by is only suitable for individuals who fully understand and are the underlying Investment Managers. The estimated capable of bearing the risks of an investment in the Funds. The expense ratio consists of operating expenses, including following is a general discussion of certain risks and merits of management fees and nominal trustee services fees, and an different types of investments which the Fund may make. administrative expense reimbursement of five basis points. These fees are netted out of the performance of the Fund. Risk of Investment Loss - Generally. No warranty is given by the Trustee or Investment Adviser as Our excessive trading policy imposes a 2.0 percent to the performance or profitability of any Fund, and there is no redemption fee on the sale of assets in the fund if the sale guarantee that any Fund will achieve its investment objective. occurs within 30 calendar days of purchase. Proceeds from A Fund may suffer loss of principal, and income, if any, will such fees flow back into the unit value of the fund. See the fluctuate. The value of a Fund’s investments will be affected Transfer Restrictions and Redemption Fees document on the by a variety of factors, including, but not limited to, economic Forms and Publications page of this site for more details. and political developments, interest rates, issuer-specific events, market conditions and sector positions. Investment Gross expense Net expense in a Fund is not a deposit or obligation of the Trustee or of Expenses per $1000 investment $2.60 $2.60 any other bank and is not insured or guaranteed by the Total expense ratio 0.26% 0.26% Federal Deposit Insurance Corporation, Securities Investor Protection Corporation, or any other government agency or Operating expenses 0.21% 0.21% instrumentality. Administrative expenses 0.05% 0.05% Risks of Investing in Equity Security/ Fund Performance Stock Market Volatility. In general, each Fund is subject to the risks associated with Year to 1 3 5 Since investments in common stocks and other equity securities. Qtr. Date Year Year Year Inception Stock values fluctuate in response to the activities of individual companies and in response to general market and economic Target Date conditions. Accordingly, the value of the stocks that a Fund Fund 2045 5.83% 10.38% 33.21% 12.14% 12.42% 8.52% holds may decline over short or extended periods. The U.S. (net of fees) stock markets tend to be cyclical, with periods when stock Target Date prices generally rise and periods when prices generally decline. 2045 Custom 5.93% 10.80% 34.58% 11.93% 12.07% N/A Index An outbreak of infectious respiratory illness caused by a novel coronavirus known as COVID-19 was first detected in The results shown represent past performance and do not China in December 2019 and has now been detected globally. represent expected future performance or experience. This coronavirus has resulted in travel restrictions, closed Past performance does not guarantee future results. international borders, enhanced health screenings at ports of Investment return and principal value of an investment entry and elsewhere, disruption of and delays in healthcare will fluctuate so that an investor’s units, when redeemed, service preparation and delivery, prolonged quarantines, may be worth more or less than their original cost. Current cancellations, supply chain disruptions, and lower consumer performance may be lower or higher than the data quoted. demand, as well as general concern and uncertainty. The Performance data current to the most recent month- impact of COVID-19, and other infectious illness outbreaks that end may be obtained by visiting savingsplusnow.com. may arise in the future, could adversely affect the economies of many nations or the entire global economy, individual The index returns do not include the deduction of issuers and capital markets in ways that cannot necessarily investment management fees, expense reimbursement and be foreseen. In addition, the impact of infectious illnesses in custodial fees, which would lower a participant’s return.
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