Current performance may be lower or higher than performance data shown. Performance data quoted represents past performance and is not a guarantee or prediction of future results. For

performance data current to the most recent month-end, please visit www.mypersi401k.com.

Please consider the investment objectives, risks, fees and expenses carefully before investing. For this and other important information about investments offered through your Plan, you may obtain

mutual fund prospectuses from your registered representative or Plan website. Read them carefully before investing.

For additional fund information, please refer to the Fund Fact Sheet or Prospectus.

Returns as of Month Ending 05/31/2018 Returns as of Quarter Ending 03/29/2018 Calendar Year Returns

INVESTMENT OPTION TickerGross/Net

Expense RatioInception

Date1

Month YTD1

Year3

Year5

Year10 Year/ Since

Inception3

Month1

Year3

Year5

Year10 Year/ Since

Inception 2017 2016 2015

Balanced

PERSI Total Return Fund1 N/A 0.27 / 0.27 02-01-2001 0.60 8.69 9.21 6.88 7.96 6.00 -0.36 10.98 6.80 8.04 6.30 16.74 7.65 0.15

Calvert Balanced I1,6,7 CBAIX 0.67 / 0.62 02-26-1999 1.63 0.78 7.61 4.95 7.49 6.13 -0.83 7.47 4.81 7.60 6.31 11.94 8.16 -2.43

Capital Preservation

PERSI Short-Term Investment Portfolio N/A 0.11 / 0.11 06-21-2002 0.17 0.66 1.37 0.95 0.69 0.62 0.31 1.23 0.85 0.62 0.65 1.13 0.85 0.37

Bond

U.S. Bond Market Index Fund3 N/A 0.05 / 0.05 03-25-2009 0.71 -1.52 -0.44 1.31 1.92 3.54 -1.47 1.15 1.12 1.75 3.61 3.50 2.55 0.47

U.S. TIPS Index Fund3 N/A 0.05 / 0.05 11-30-2009 0.42 -0.42 0.79 1.47 0.83 2.71 -0.79 0.98 1.30 0.02 2.72 3.08 4.69 -1.50

Dodge & Cox Income Fund3,7 DODIX 0.43 / 0.43 01-03-1989 0.22 -1.12 0.58 2.34 2.76 4.76 -0.90 2.21 2.34 2.77 4.86 4.36 5.61 -0.59

Large Cap

U.S Broad Market Equity Index Fund N/A 0.07 / 0.07 01-24-2011 2.81 2.53 15.01 10.70 12.85 12.84 -0.65 13.77 10.20 13.03 12.67 21.09 12.71 0.46

U.S. Large Cap Equity Index Fund N/A 0.05 / 0.05 10-16-2009 2.41 2.01 14.38 10.96 12.96 13.50 -0.77 13.98 10.76 13.29 13.41 21.82 11.94 1.36

Vanguard Growth & Income Adm7 VGIAX 0.23 / 0.23 05-14-2001 2.80 2.54 15.41 11.03 13.20 8.76 -0.69 13.95 10.57 13.47 9.19 20.80 12.12 2.03

Mid Cap

U.S. Small/Mid Cap Equity Index Fund2 N/A 0.05 / 0.05 08-31-2011 4.79 5.13 18.36 9.58 12.03 14.28 0.09 13.06 7.88 11.67 13.81 18.07 15.89 -3.51

Small Cap

T. Rowe Price Instl Small-Cap Stock2,7 TRSSX 0.66 / 0.66 03-31-2000 5.34 7.25 19.62 11.75 12.92 12.42 1.94 13.59 9.25 12.48 12.87 15.45 19.00 N/A

Specialty

U.S. REIT Index Fund4 N/A 0.10 / 0.10 12-31-2008 3.96 -2.28 2.47 4.45 6.87 12.98 -7.36 -3.63 0.56 5.83 12.58 3.78 6.57 3.85

International Equity

International Equity Index Fund N/A 0.07 / 0.07 10-16-2009 -1.96 -1.14 8.34 4.63 6.40 5.86 -0.90 15.61 6.04 6.78 6.01 25.53 1.29 -0.69

PERSI Choice 401(k) Plan - 95270-01

Investment Performance as of 05/31/2018

Jun-13-2018 95270-01 - Investment Options at a Glance Page 1 of 2

Returns as of Month Ending 05/31/2018 Returns as of Quarter Ending 03/29/2018 Calendar Year Returns

INVESTMENT OPTION TickerGross/Net

Expense RatioInception

Date1

Month YTD1

Year3

Year5

Year10 Year/ Since

Inception3

Month1

Year3

Year5

Year10 Year/ Since

Inception 2017 2016 2015

Emerging Markets Equity Index Fund N/A 0.09 / 0.09 08-15-2014 -3.48 -2.62 13.85 6.06 N/A 3.14 1.33 24.63 8.65 N/A 4.42 37.18 11.07 -15.08

Brandes International Equity R65,7 BIERX 0.92 / 0.82 02-01-2016 -4.29 1.09 6.02 3.82 6.62 1.92 2.66 12.27 5.79 7.84 2.95 15.27 8.35 N/A

These returns and fund operating expenses are expressed as percentages. 3, 5 and 10 Year/Since Inception returns shown are annualized. For 10 Year/Since Inception, if the fund was not in existence for 10 years, returns shown are since

inception. If the fund is less than one year old, returns are not annualized.

Funds may impose redemption fees and/or transfer restrictions if assets are held for less than the published holding period. For more information, see the fund's prospectus and/or disclosure documents.

Great-West Financial(R). Empower Retirement and Great-West Investments (TM) are the marketing names of Great-West Life & Annuity Insurance Company, Corporate Headquarters: Greenwood Village, CO; Great-West Life and Annuity

Insurance Company of New York, Home Office: New York, NY, and their subsidiaries and affiliates, including registered investment advisers Advised Assests Group, LLC and Great-West Capital Management, LLC

Expense ratios provided are the Funds' total annual operating expense ratios, gross of any fee waivers or expense reimbursement.

Plan logos are owned by the plan. All other logos, registered trademarks and service marks are owned by Great-West Life & Annuity Insurance Company.1Asset allocation and balanced investment options and models are subject to risks of the underlying investments, which can be a mix of stocks/stock funds and bonds/bond funds. For more information, see the prospectus and/or disclosure

documents.2Equity securities of small and mid-size companies may be more volatile than securities of larger, more established companies.

3Compared to more highly rated securities, high-yield bond investment options are subject to a greater risk, including the risk of default. A bond fund's yield, share price and total return change daily and are based on changes in interest rates,

market conditions, economic and political news and quality and maturity of its investments. In general, bond prices fall when interest rates rise and vice versa.4Specialty funds invest in a limited number of companies and are generally non-diversified. As a result, changes in market value of a singular issuer could cause greater volatility than with a more diversified fund.

5The Fund has a Contractual Expense Ratio Waiver in the amount of .1% which expires on 31-JAN-2019.

6The Fund has a Contractual Expense Ratio Waiver in the amount of .05% which expires on 31-JAN-2019.

7Although data is gathered from reliable sources, including but not limited to Morningstar, Inc., the completeness or accuracy of the data shown cannot be guaranteed. Where data obtained from Morningstar, (C)2017 Morningstar, Inc. All rights

reserved. The Data: (1) is the proprietary to Moringstar 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 this information. Past performance is no guarantee of future results.

PERSI Choice 401(k) Plan - 95270-01 (Continued)

Jun-13-2018 95270-01 - Investment Options at a Glance Page 2 of 2