Wayne County Deferred Compensation Plan - Live Mutual · RS2070_FRCVR 714 Wayne County Deferred...
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RS2070_FRCVR 714
Wayne County Deferred Compensation Plan
Prepared for:
MassMutual Retirement Services (MMRS) is a division of Massachusetts Mutual Life Insurance Company (MassMutual) and affiliates.
Securities offered through registered representatives of MML Investor Services, LLC. Member FINRA and SIPC.
1295 State Street, Springfield, MA 0111
1-800-528-9009
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CONGRATULATIONS ON STARTING YOUR PLAN FOR LIFE!
You are about to take an important step in planning for your future financial security. Wayne County is
pleased to offer you the Wayne County 457 Plan as a benefit to help you reach your financial goals for
retirement.
This booklet describes the basics of the Wayne County 457 Plan including the enrollment process and the
array of available investment choices. It also explains the additional services and features available to plan
participants.
Helping you save for a more financially secure retirement is one way that Wayne County thanks you for your
contribution to the organization’s success. Please review the enclosed information carefully and complete
the enrollment process to join the plan as soon as you are eligible.
If you have questions of a non-administrative nature regarding the plan, please feel free to contact your RPA
Representative:
Retirement Plan Advisors
Matt artin, CFP Retirement Plan Advisors Phone: 248-767-3828 Email: [email protected]
We hope you’ll take advantage of this important benefit.
Sincerely,
Wayne County 457 Plan
RS2070_ACCESS 1016
easy access to your account
Two easy ways to monitor and manage your account.
1. ONLINE
Log into our website at www.massmutual.com/serve. Here you can access powerful retirement planning tools and calculators, and manage your account — anytime, from virtually anywhere.
You’ll be able to:
• Obtain current account balances
• Change your investment options
• Perform account transactions
• Transfer (exchange) balances between investment options*
• Check current investment prices and performance
• View and download your quarterly electronic statements
• Reset/enable your PIN and user ID
If you are having trouble accessing your account for the first time, please contact your Participant Service Center at 1-800-528-9009 for assistance.
* You are allowed to submit a total of 20 transfer requests
each calendar year for your participant account by any permitted means. Once these 20 transfers have been requested, you may submit any additional transfer requests only in writing by U.S. mail. Transfers as a result of dollar-cost averaging (if applicable) do not count toward the 20-transfer limit. Each calendar year, MassMutual resets your transfers to allow 20 new transfers by all approved methods.
2. BY PHONE
1-800-528-9009 With our voice-activated telephone system, you control the call to get the information you need from any telephone, at any time, simply by speaking. Please provide your user ID and PIN when prompted. This will help expedite your call should you need to speak with a MassMutual customer service representative. The system will ask you to state the reason for your call. Simply speak clearly and the system will respond accordingly. Do you prefer receiving your retirement account information in a language other than English? Access to the Language Line is available in over 140 languages through a Customer Service Representative during normal business hours.
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Group No: Social Security No:
Employer: Dept/ Location:
Employee Name: (Last, First, M.I.)
*Mailing Address:
City: State: Zip: Sex:M F
Home Phone: Work Phone: Date of Birth: Date of Hire:
A. CONTRIBUTIONS
*For your mailing address, provide either a street address or P.O. Box, not both. If you provide both,
Massachusetts Mutual Life Insurance Company (MassMutual), 1295 State Street, Springfield, Massachusetts 01111-0001.
*M
y g , p , yMassMutual will follow USPS Guidelines and use the PO Box as your mailing address.
Enrollment Form 457(b) Governmental
Wayne County
150046 C. INVESTMENT ELECTION I elect to have all future contributions invested among the investment options I have selected below. I understand that this Enrollment Form is to be used to record my initial investment option election and may not be used for investment option transfers or investment option allocation changes. To make investment changes please call 1-800-528-9009 or visit massmutual.com/serve. SECTION 1 Selections must be in whole percentages totaling 100%. _____% N8 Alger Capital Appreciation Institutional I _____% 7C American Funds AMCAP R3 _____% 7K American Funds EuroPacific Growth R3 _____% Q8 ClearBridge Mid Cap A _____% DB Columbia Small Cap Value II A _____% 6K Dreyfus Bond Market Index INV _____% LP Dreyfus International Stock Index I _____% LQ Dreyfus Midcap Index _____% SX Dreyfus S&P 500 Index _____% LR Dreyfus Small Cap Stock Index _____% NP Eaton Vance Income Fund of Boston A _____% NV Franklin Utilities A _____% 41 General Account _____% B7 Goldman Sachs Small Cap Value A _____% 4E Hartford Healthcare HLS IA _____% 2Q Hartford MidCap HLS IA _____% 8W Invesco Equity and Income A _____% 8Y Invesco Growth and Income A _____% 2U Janus Henderson Balanced T _____% SB Loomis Sayles Bond Retail _____% 7V MFS Value A _____% C9 MM RetireSMART 2015 R4 _____% D5 MM RetireSMART 2020 R4 _____% D6 MM RetireSMART 2025 R4 _____% D9 MM RetireSMART 2030 R4 _____% EW MM RetireSMART 2035 R4 _____% G2 MM RetireSMART 2040 R4 _____% G4 MM RetireSMART 2045 R4 _____% G6 MM RetireSMART 2050 R4 _____% G9 MM RetireSMART 2055 R4 _____% G8 MM RetireSMART In Retirement R4 _____% 4U Oppenheimer Global A _____% BF Oppenheimer International Growth A _____% HC Oppenheimer Main Street Mid Cap A _____% RS Oppenheimer Real Estate A _____% 4R PIMCO StocksPLUS Absolute Return A _____% L0 Prudential Jennison Small Company A _____% LE Select Western Strategic Bond I _____% AW The Hartford Equity Income R4 _____% X7 Victory Sycamore Established Value A _____% XA Wells Fargo Emerging Markets Equity A All investment options may not be available in all jurisdictions. Please consult your Plan Sponsor to determine which are available.
* Frequency Monthly = 12 Bi-Weekly = 26 Semi-Monthly = 24 Weekly = 52 Other: ________
$ or % Amount Frequency* Annual Contibution Total Employee
X = = Current Annual Salary $
I am utilizing the plan's age 50+ catch-up provision If you are utilizing the plan’s pre-retirement catch-up provision, contact a MassMutual representative to request a form.
B. SIGNATURES I understand that all values provided by the contract, when based on investment experience of the above named investment choices (except the General Account), are variable and are not guaranteed as to a fixed dollar amount. Receipt of a currently effective variable annuity prospectus or disclosure document, whichever is applicable, is acknowledged. Further I wish to participate in the Deferred Compensation Plan and hereby agree to defer my right to receive compensation to the extent of the annual contribution noted above. I understand and agree to the provisions contained in my Employer’s Deferred Compensation Plan. Together with my heirs, successors, and assigns, I will hold harmless my Employer from any liability hereunder for all acts performed in good faith, including those related to the investment of deferred amounts and/or my Employer’s investment preference(s) under my Employer’s Deferred Compensation Plan. I acknowledge that I have read and understand the Fraud Warning Statement, as applicable to my state, located on the last page of this form. Signed in the state of ______________on____________________________________________ Date
Participant Signature This document has been received and accepted by the Plan Administrator.
Plan Administrator Signature Date TO BE COMPLETED BY THE REGISTERED REPRESENTATIVE (For Home Office Administration Purposes Only)
Printed Name of Registered Representative Registered Representative Signature
Registered Representative Tax ID/Producer Code
Selling Firm Name Selling Firm Tax ID
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New Jersey - Any person who knowingly includes any false or misleading information on an application for an insurance policy, or files a statement of claim containing any false or misleading information, is subject to criminal and civil penalties.
New Mexico for payment of a loss or benefit or knowingly presents false information in an application for insurance is guilty of a crime and may be subject to civil fines and criminal penalties.
New York - Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime, and shall also be subject to a civil penalty not to exceed five thousand dollars and the stated value of the claim for each such violation. Ohio - Any person who, with intent to defraud or knowing that he is facilitating a fraud against an insurer, submits an application or files a claim containing a false or deceptive statement, is guilty of insurance fraud.
Oklahoma - Warning: Any person who knowingly, and with intent to injure, defraud or deceive any insurer, makes any claim for the proceeds of an insurance policy containing any false, incomplete or misleading information is guilty of a felony.
Oregon - Any person who knowingly , and with INTENT TO DEFRAUD or solicit another to defraud an insurer (1) by submitting an application , or (2) by filing a claim containing a false statement as to any MATERIAL FACT, MAY BE violating state law.
Pennsylvania - Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information or conceals, for the purpose of misleading, information concerning any fact material thereto commits a fraudulent insurance act, which is a crime and subjects such person to criminal and civil penalties.
Tennessee - It is a crime to knowingly provide false, incomplete or misleading information to an insurance company for the purpose of defrauding the company. Penalties include imprisonment, fines and denial of insurance benefits.
Virginia and Washington - It is a crime to knowingly provide false, incomplete or misleading information to an insurance company for the purpose of defrauding the company. Penalties include imprisonment, fines and denial of insurance benefits.
Alabama - Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or who knowingly presents false information in an application for insurance is guilty of a crime and may be subject to restitution fines or confinement in prison, or any combination thereof.
Arkansas and West Virginia - Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or knowingly presents false information in an application for insurance is guilty of a crime and may be subject to fines and confinement in prison. Colorado - It is unlawful to knowingly provide false, incomplete, or misleading facts or information to an insurance company for the purpose of defrauding or attempting to defraud the company. Penalties may include imprisonment, fines, denial of insurance, and civil damages. Any insurance company or agent of an insurance company who knowingly provides false, incomplete, or misleading facts or information to a policyholder or claimant for the purpose of defrauding or attempting to defraud the policyholder or claimant with regard to settlement or award payable from insurance proceeds shall be reported to the Colorado Division of Insurance within the Department of Regulatory Services. District of Columbia - Warning: It is a crime to provide false or misleading information to an insurer or any other person. Penalties include imprisonment and/or fines. In addition, an insurer may deny insurance benefits if false information materially related to a claim was provided by the applicant.
Florida - Any person who knowingly and with intent to injure, defraud, or deceive any insurer files a statement of claim or an application containing any false, incomplete, or misleading information is guilty of a felony of the third degree.
Kentucky - Any person who knowingly and with intent to defraud anyinsurance company or other person files an application for insurancecontaining any materially false information or conceals, for the purpose ofmisleading, information concerning any fact material thereto commits a fraudulent insurance act, which is a crime.
Maine - It is a crime to knowingly provide false, incomplete or misleading information to an insurance company for the purpose of defrauding the company. Penalties may include imprisonment, fines or a denial of insurance benefits.
Maryland - Any person who knowingly or willfully presents a false or fraudulent claim for payment of a loss or benefit or who knowingly or willfully presents false information in an application for insurance is guilty or a crime and may be subject to fines and confinement in prison.
Fraud Warning Statements The following states require insurance applicants to acknowledge a fraud warning statement specific to that state. Please refer to the specific fraud warning statement for your state as indicated below. If your state is not separately listed, please refer to the NAIC Model Fraud Statement below. NAIC Model Fraud Statement - Any person who knowingly presents a false or fraudulent claim for payment of a loss of benefit or knowingly presents false information in an application for insurance is guilty of a crime and may be subject to fines and confinement in prison
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Wayne County Deferred Compensation Plan
________________________________________acknowledge that I understand all of the fees and charges associatedwith the allocation of my account under The Wayne County Employees Deferred Compensation Plan (the Plan) toMassMutual Financial Group (MassMutual) as the investment provider of the MassMutual Funding Agreement(MassMutual Investment). By signing this document I am aware and understand each of the following with respect to thefees and charges to my Plan account invested in MassMutual Investment:
1. Under MassMutual Investment, MassMutual does not impose any (0%) Expense Charge on my Plan Account.
2. Each investment fund offered under MassMutual Investment imposes its own fees and charges related to theinvestment management, sales and distribution, administration, and other, miscellaneous expenses of that fund. Ihave had the opportunity to review the attached Fee Schedule for a complete break down of the underlyinginvestment fund expenses for each fund offered through MassMutual Investment. *
3. There are No Contingent Deferred Sales Charges (CDSC) applicable to the investment of my Plan Account inMassMutual Investment.
4. There is No Annual Administrative Charge (AMF) to my Plan Account for amounts invested in MassMutualInvestment.
5. MassMutual does not impose any Expense Charge, Contingent Deferred Sales Charge, Annual AdministrativeCharge, or any other fee, expense or charge to the Plan or my Plan Account. As indicated in the Fee Schedule,MassMutual receives fees from certain of the investment funds under MassMutual Investment for administrativeservices provided by MassMutual on behalf of the investment fund. These fees and payments may include assetbased sales compensation and service fees under distribution and/or servicing plans adopted by funds pursuant toRule 12b-1 under the Investment Company Act of 1940. They may also include administrative service fees andadditional payments, expense reimbursements and compensation sometimes referred to as "revenue sharing"payments. MassMutual receives these fees and payments for its own account and expects to make a profit on theamount of the fees and payments that exceed MassMutual's own expenses, including our expenses of payingcompensation to broker-dealers, financial institutions and other persons for selling our products. The revenuesharing fees received by MassMutual investment funds vary as indicated in the Fee Schedule, and are paid out of,not in addition to, the Total Fees and Charges imposed by the Investment Fund.
6. I am also aware that an asset allocation service from Retirement Plan Advisors (RPA) is available to planparticipants who want assistance in allocating the investment of their contributions. RPA's asset allocationprogram is voluntary, and if the participant elects this feature, RPA's fee (0.80% annually) along with a $15.00annual administrative fee of which $3.75 is deducted from my Plan Account on a quarterly basis.
* The underlying mutual funds fees are reported as of January 31, 2010. The figures that are computed are roundedbeyond two decimal places.
Employee Signature: ____________________________________________________ Date: ________________
The MassMutual Signature: ______________________________________________ Date: ________________
Received by WCERS on:______________________
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Last, First,M.I.
BENEFICIARY INFORMATION
Type of Beneficiary: Examples of Designations:
equally among the survivors
with their share to their children
eitheror
Date of the execution of the trust agreement or a copy of the trust agreement must be provided.
Mail this Beneficiary Designation to MassMutual at the address above. Keep a copy for your records. Please provide a copy of this Beneficiary Designation to your Employer.
PRIMARY TOTAL: 100%
CONTINGENT TOTAL: 100%
Beneficiary Designation/ Name & Address Change - 457(b) and 401(a)
*For your mailing address, provide either a street address or P.O. Box, not both. If you provide both, MassMutual will follow USPS Guidelines and use the PO Box as your mailing address.
Massachusetts Mutual Life Insurance Company (MassMutual), 1295 State Street, Springfield, Massachusetts 01111-0001.
Wayne County 150046
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THE FUTURE IS THAN YOU THINKB E T T E R
WHY PORTFOLIOPLUSSM?With PortfolioPlusSM, you delegate the ongoing responsibility of managing your retirement account to RPA’s investment professionals. You no longer need to research individual investments, monitor the markets or decide what changes to make to your account. We do it for you.
HOW DOES IT WORK?RPA’s representatives work with you to determine your investor profi le. Based on an assessment of your personal situation including your investment experience, risk tolerance, time horizon and investment objectives, we develop an initial asset allocation including specifi c fund recommendations. Then our investment team takes over.
RPA’s investment professionals monitor changing market conditions and trends. We also review the investment options in your plan on an ongoing basis, ensuring you are in the right funds at the right times. When appropriate, we adjust your portfolio’s asset allocation and underlying holdings to reduce risk, increase return or both.
CAN I LOSE MONEY?Yes. By defi nition, market-based investments fl uctuate with changing markets. While your PortfolioPlusSM account may lose value in the short term, RPA’s risk management strategies are designed to limit those losses to reasonable levels.
HOW MUCH DOES IT COST?Fees are plan specifi c and fully disclosed during the enrollment process. Charges may include an asset management fee of up to 1% and an annual account maintenance fee not to exceed $15. All fees are billed quarterly and deducted automatically from your account.
105 West Adams Street, Suite 2175 | Chicago, IL 60603 | 312.701.1100Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC
Investment Advisory Services offered through Retirement Plan Advisors, LLC, a Federally Registered Investment AdvisorCambridge Investment Research, Inc. and Retirement Plan Advisors, LLC, are not affi liated
PORTFOLIOPLUSSM
The Managed Account Advantage for Public Sector Employees
PortfolioPlusSM is a professional money management service specifi cally designed for public sector retirement plans. Through our tactical approach to asset allocation and investment due diligence, we strive to increase return while managing risk.
Most retirement savings plans offer many investment options – frequently 30 or 40 choices. Individual investors are given a list of options and told to make important investment decisions by themselves. And investors are left to wonder: What’s a good investment? How many choices do I need? When should I make changes to my portfolio? Should I be in or out of the market?
At Retirement Plan Advisors, the answer to these questions is PortfolioPlusSM.
RETIREMENT PLAN ADVISORS www.retirementplanadvisors.com
To enroll in PortfolioPlusSM, fi ll out the included application and fax to (573) 659-7734 or mail to RPA Service Center, 3121 Emerald Lane, Suite 500, Jefferson City, MO 65109. Questions? Contact our Service Center at (877) 284-6837 or fi nd your RPA fi nancial advisor at www.retirementplanadvisors.com.
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Wayne County offers a 457 deferred compensation plan. The following is a brief overview of important features of your workplace retirement plan. For more information call your Participant Service Center at 1-800-528-9009 or contact your benefits administrator. Who is eligible to participate in the plan? You are eligible to participate in the plan immediately upon employment. Participation in the plan will occur immediately. How can I contribute? Traditional Before-tax contributions Through the convenience of payroll deductions, you can make before-tax contributions up to the lesser of $18,000 or 100% of includible compensation. Your before-tax contributions – and any earnings – will accumulate tax deferred until withdrawn (generally at retirement), at which time withdrawals will be taxed as ordinary income. Catch-up contributions If you are 50 years of age or older during the calendar year, you may be able to contribute up to an additional $6,000 in 2017 into your plan as a “catch-up” contribution. Your contributions are always 100% vested. Are rollovers accepted? Your plan may allow you to roll additional retirement assets into the plan at any time. For more information, call your Participant Service Center at 1-800-528-9009, visit www.massmutual.com/serve or contact your benefits administrator. Can I change how much I contribute? You may start, stop, increase or decrease your contribution as often as your employer allows. If you stop contributions and start again at a later date, certain restrictions may apply. What are my investment choices? The contract offers a wide variety of investment options to meet your needs. You can direct your contributions into one or more of the available investment options. See the investment section of this booklet for more information. Competing investment option restrictions You have the flexibility to transfer amounts from one investment option to another. The transfer of assets presently held in the General (Declared Rate) Account, or which were held in the General (Declared Rate) Account at any time during the preceding three months, to any account that we determine is a competing investment option, is prohibited.
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Online retirement planning and advisory services — Guidance Morningstar Investment Management LLC provides asset allocation recommendations through their online service. This service integrates investment research, education and asset allocation guidance to give you a comprehensive and personalized approach to investing for retirement from an independent source, Morningstar Investment Management*. This service can be accessed through your retirement plan website. *Investment advisory products and services are provided by Morningstar Investment Management LLC, a registered investment adviser and
subsidiary of Morningstar, Inc. MassMutual is not affiliated with Morningstar Investment Management.
Self directed brokerage account The Self Directed Brokerage Account (SDBA) is a separate and unique investment vehicle available in tandem with your MassMutual retirement program. This SDBA provides a direct link to Charles Schwab & Co.’s** Personal Choice Retirement Account™ (PCRA). The SDBA gives you the opportunity to select and manage investments from a much larger universe of investment alternatives. Unlike the Core Accounts, with the SDBA, you will be responsible for the ongoing research, trading, and risk management associated with your specific investment choices. For more information about the SDBA and to obtain enrollment information, please call your Participant Service Center at 1-800-528-9009 or see your plan administrator. **Offered through Charles Schwab & Co. at an additional cost. Charles Schwab & Co. is not an affiliate or subsidiary of MassMutual. This
option is intended for the knowledgeable investor. The level of risk will vary depending on the investment choices a participant makes.
Investment limitations apply.
What are the fees and charges associated with this plan? There are costs associated with the underlying investment options offered under MassMutual's program. For a complete listing of these fees and charges, please refer to the Investment Option Fee Schedule in the investment section of this booklet. There may be other administrative fees that apply, all of which are outlined in this booklet. Additional plan expenses and other expenses including Third Party Administrator fees, if applicable are deducted and paid as directed by your plan administrator. Please contact MassMutual at 1-800-528-9009 for questions relating to additional plan expenses that may apply. Can I take money out of my account? Your account assets may generally be withdrawn from your 457 plan under the following qualifying circumstances: • Retirement • Separation from service • Disability • Unforeseeable emergency (“hardship”) withdrawal (your plan may limit to a portion of your account) • Death of participant Withdrawals are subject to the authorization of your employer. However, you must begin liquidating your account balances no later than April 1st of the calendar year following the year in which you attain the age of 70½ or retire (whichever is later). Distributions of before-tax contributions and any tax-deferred earnings are subject to ordinary income tax. Withdrawal/surrender charges There are no withdrawal charges. However, should your employer allow plan assets to be transferred to any additional program provider other than MassMutual, this provision may change. Contact your employer or your Participant Service Center for more information.
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It pays to plan for life in retirement. What are your retirement goals? How do you plan to achieve them? A large part of retirement is the flexibility to do what you want when you want, and that kind of flexibility takes planning. Your employer’s retirement savings plan can help. It’s automatic. Choosing to save and invest through your workplace retirement plan means that your contribution will come out of your paycheck before you even see your take-home pay. You’ll never have to worry about writing a check, remembering to make a deposit, or spending money you intended to save. It pays to consolidate. If you have retirement assets from prior plans or IRAs, think about consolidating them into this plan. The process is easy and can help you simplify your retirement planning. To get started, call 1-800-528-9009 to learn what types of contributions your current retirement plan will accept. Our team of Rollover Specialists will be happy to help you with the required paperwork to simplify the roll-in process. Inflation matters. Retirement is expensive enough already – factor in inflation, and the costs can be stunning. Just eating in retirement can cost two people over $200,000 - $5 a meal, 3 meals a day, over 20 years. Adding a modest 3% annual inflation rate, the cost swells to nearly $300,000. How you live in retirement may be determined by what you can afford when the time comes. By preparing today, you may have more choices for your life tomorrow. How much should you save? It depends on how much money you'd like to have in retirement and when you start investing. The earlier you start, the more time your money has to work for you. To help you decide how much to save, check out the Retirement Goal Planner at www.massmutual.com/serve or ask a financial professional for advice. You may save on taxes immediately. The contributions you authorize for investment in your plan may be deducted from your gross pay before current federal (and, in most cases, state) income taxes are withheld. This is known as before-tax savings. Because this reduces your current taxable income, you’ll probably take home more of your pay than if you were investing on an after-tax basis. In addition to your contributions, any potential earnings in your account are tax-deferred (not taxed until they are withdrawn) as well. Over time, tax-deferred savings may dramatically increase the value of your account. Learn more. To access your account information and our online tools, calculators, and resources, go to www.massmutual.com/serve. If you have questions and need to talk to a real person, call 1-800-528-9009.
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��������startswithastrategy
OPTION 1 OPTION 2
You’ve got options. There is no one-size-fits-all approach to investing. That’s why your plan offers multiple strategies for asset management. You can select a target date fund or you can opt to build your own portfolio by selecting from your plan’s individual investment options.
Select a target date fund. What year will you retire? That’s all you need to know to select one of the target date funds. An “all-in one” investment portfolio, a target date fund is a diversified mix of investment options that takes into consideration the time you have to invest before you retire. It is diversified across a mix of investment options and automatically rebalanced to help keep the fund’s allocation on track. You simply choose the fund that is closest to your target retirement date. Adjusting over time, the allocation of investments becomes more conservative as you get closer to your retirement date. The principal value of the target date investment option is not guaranteed at any time, including the target date.
Choose your own investments. You can build your portfolio from any of the individual investment options in the plan. This strategy is best suited to investors who have taken the time to study their investment options. Your retirement plan offers a variety of investment options, covering a range of risk levels and investment objectives. Some investment options seek an increase in the value of shares (growth) while others aim to earn income (dividends or interest) for investors. Before making your investment decisions, you may want to consult with a financial professional.
UndeRstanding YOUR investment OPtiOns.
Your plan offers a variety of investments, whichare made up of different types of securities, asdescribed below.
Money market/Stable value investmentsthese short-term investments are designed to providea steady rate of return, greater investment stability, anda relatively lower level of risk. although the portfolioseeks to preserve the value of your investment at $1.00per share, it is possible to lose money in a stable valueinvestment, and the yield will fluctuate with changes inmarket conditions. Over time, these investments haveprovided lower returns than stock or bond funds.investments in a money market account are not insuredor guaranteed by the Federal deposit insuranceCorporation or any other government agency.
Bondsbonds represent “loans” investors make tocorporations, governments or agencies, and aredesigned to provide stability, income, and someappreciation in value. if held to maturity, bonds offer afixed rate of return and a fixed principal value. bondsgenerally offer a potentially higher return than moneymarket/stable value investments and a lower returnthan stocks. the value of bonds usually fluctuates lessthan stocks. However, corporate bonds, U.s. treasurybills, and government bonds will fluctuate in value,and the return of principal is not guaranteed if soldbefore maturity.
Stocksstocks represent part ownership in a business and aremeant to provide long-term growth by increasing invalue. some stocks also provide dividend income.Historically, stocks have outperformed other types ofinvestments over the long term. However, stocksfluctuate in value more than money market/stablevalue investments or bonds, and when sold may beworth more or less than their original cost. keep inmind that you can’t predict future results based onhow the market performed in the past.
Balanced investmentsbalanced investments consider the risk and returnpotential of each asset class and invest a percentageof assets in both stocks and bonds, along with a smallamount in stable value investments for liquidity.
International stocksinvestments in stocks issued by foreign businessesprovide investors with potential long-term growth ofcapital while helping to diversify their portfolios.Foreign stocks may offer greater returns than U.s.investments but also involve higher risks relating tointerest and currency exchange rates, securitiesregulation, and taxes, as well as unstable economic orpolitical conditions. international stocks fluctuate invalue and may be worth more or less than theiroriginal cost. global investments have assets in bothforeign and U.s. stocks.
large-cap* stocksLarge-cap stocks are shares in large, financiallyestablished “blue chip” companies with a market capof over $10 billion. the goal of these investments isthe long-term growth of capital. Risk and return aretypically moderate to high.
Mid-cap* stocksthese shares in companies in the $2 billion to $10billion market cap range seek long-term growth. sincemid-cap stocks may fluctuate more widely than themore stable large-cap stocks, there is a potential forgreater long-term growth as well as higher risk.
Small-cap* stockssmall-cap stocks represent companies with a marketcap of $300 million to $2 billion. Over long periods oftime, small-cap stocks have had higher returns thanlarge-cap stocks, which makes them attractive toaggressive investors. at the same time, they are muchmore volatile and have higher short-term risk.
Specialty stocksspecialty investments are concentrated in a specificarea of the market, such as technology or health care.because they are focused on a small market segment,these investments tend to have both a higher risk andhigher potential for return than more diversifiedinvestments.
all investments possess some element of risk,including possible loss of principal. Past performanceis no guarantee of future results.
*the term “cap” is short for market capitalization, which iscalculated by multiplying the price of a stock by thenumber of outstanding shares. generally speaking, thisrepresents the market’s estimate of a company’s value.
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Investment options at a glance
How much risk you are comfortable with is an important consideration in choosing how you allocate your assets. How do you feel about investment risk – the chance that your investments could lose money? You also need to think about inflation risk – the risk that conservative investments such as short-term investments may not keep pace with inflation. Investing in more than one asset class – or a blend of them – may help you to balance your risk.
Investment Options RISK/RETURN SPECTRUMFor illustrative purposes only; please consult an investment profile or prospectus for detailed risk/return information.
RS2070_RISKRET 814
HIGHER RETURN/HIGHER RISK
Specialty1 Franklin Utilities A
Hartford Healthcare HLS IA Oppenheimer Real Estate A
International/Global2 American Funds EuroPacific Growth R3
Dreyfus International Stock Index I Oppenheimer Global A Oppenheimer International Growth A Wells Fargo Emerging Markets Equity A
Small-cap3 Columbia Small Cap Value II A
Dreyfus Small Cap Stock Index Goldman Sachs Small Cap Value A Prudential Jennison Small Company A
Mid-cap4 ClearBridge Mid Cap A
Dreyfus Midcap Index Hartford MidCap HLS IA Oppenheimer Main Street Mid Cap A Victory Sycamore Established Value A
Large-cap Alger Capital Appreciation Institutional I
American Funds AMCAP R3 Dreyfus S&P 500 Index Invesco Growth and Income A MFS Value A PIMCO StocksPLUS Absolute Return A The Hartford Equity Income R4
Asset allocation/Balanced* Invesco Equity and Income A
Janus Henderson Balanced T MM RetireSMART 2015 R4 MM RetireSMART 2020 R4 MM RetireSMART 2025 R4 MM RetireSMART 2030 R4 MM RetireSMART 2035 R4 MM RetireSMART 2040 R4
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LOWER RETURN/LOWER RISK
MM RetireSMART 2045 R4 MM RetireSMART 2050 R4 MM RetireSMART 2055 R4 MM RetireSMART In Retirement R4
Bonds5 Dreyfus Bond Market Index INV
Eaton Vance Income Fund of Boston A Loomis Sayles Bond Retail Select Western Strategic Bond I
Money market/Stable value6 General (Declared Rate) Account
1 The fund’s investments are concentrated in a specific industry or sector, and are subject to greater risk than traditional diversified equity funds.
2 Investing in foreign issuers and non-dollar securities may involve different and additional risks associated with foreign currencies, investment disclosure, accounting, securities regulation, commissions, taxes, political or social instability, war, or expropriation.
3 Small company investing involves specific risks not necessarily encountered in large company investing, such as increased volatility.
4 Mid-cap stocks generally have higher risk characteristics than large-company stocks.
5 Securities rated “BB” and below are referred to as “high yield, high risk” securities or “junk bonds.” High yield bonds generally involve greater credit risk and may be more volatile than investment-grade bonds.
6 Money market funds are not insured or guaranteed by The Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share (unit), it is possible to lose money investing it in the fund. If a money market fund is pending liquidation under the U.S. Treasury Department’s Guarantee Program, there may be a period of time in which assets cannot be invested or redeemed.
* Does not include asset allocation models, if available in your plan.
21
THE
PE
RFO
RM
AN
CE
DA
TA S
HO
WN
RE
PR
ESE
NTS
PA
ST P
ER
FOR
MA
NC
E A
ND
IS N
O G
UA
RA
NTE
E O
F FU
TUR
E R
ESU
LTS.
The
inve
stm
ent
retu
rn
and
pri
ncip
al v
alue
of
an in
vest
men
t m
ay fl
uctu
ate
so t
hat
whe
n sh
ares
/uni
ts a
re r
edee
med
the
y m
ay b
e w
ort
h m
ore
or
less
tha
n th
eir
ori
gin
al c
ost
. Cur
rent
p
erfo
rman
ce m
ay v
ary
fro
m t
he p
erfo
rman
ce d
ata
quo
ted
. Fo
r p
erfo
rman
ce d
ata
curr
ent
to t
he m
ost
rec
ent
mo
nth-
end
, vis
it o
ur w
ebsi
te a
t w
ww
.mas
smut
ual.c
om
/ser
ve.
The
fo
llow
ing
tab
le is
inte
nded
to
pro
vid
e yo
u w
ith
info
rmat
ion
reg
ard
ing
the
inve
stm
ent
op
tio
ns in
yo
ur P
lan,
incl
udin
g in
form
atio
n re
gar
din
g in
vest
men
t p
erfo
rman
ce h
isto
ry, f
ees
and
exp
ense
s, a
nd a
ny in
vest
men
t re
stri
ctio
ns a
pp
licab
le a
s o
f th
e d
ate
of
this
mat
eria
l. F
or
your
Pla
n’s
vari
able
ret
urn
inve
stm
ent
op
tio
ns, w
e ha
ve a
dd
itio
nally
pro
vid
ed b
ench
mar
k in
form
atio
n ag
ains
t w
hich
eac
h in
vest
men
t o
pti
on’
s p
erfo
rman
ce c
an b
e co
mp
ared
. W
hile
pas
t p
erfo
rman
ce is
nev
er a
gua
rant
ee o
f fu
ture
per
form
ance
, it’
s es
pec
ially
imp
ort
ant
to r
emem
ber
thi
s w
hen
eval
uati
ng a
fun
d’s
per
form
ance
ove
r a
sho
rt
per
iod
of
tim
e (e
.g.,
less
tha
n o
ne y
ear)
. Sho
rt-t
erm
res
ults
– p
osi
tive
or
neg
ativ
e –
may
be
due
to
one
-tim
e o
r ex
trao
rdin
ary
even
ts, w
hich
may
lead
to
unu
sual
p
erfo
rman
ce w
hich
is n
ot
a fa
ir r
epre
sent
atio
n o
f th
e fu
nd’s
long
er-t
erm
per
form
ance
po
tent
ial.
Fee
s an
d e
xpen
ses
are
amo
ng m
any
fact
ors
to
co
nsid
er w
hen
you
dec
ide
to in
vest
in a
n o
pti
on.
Yo
u m
ay a
lso
wan
t to
thi
nk a
bo
ut w
heth
er a
n in
vest
men
t in
a
par
ticu
lar
op
tio
n, a
long
wit
h yo
ur o
ther
inve
stm
ents
, fits
wit
h yo
ur p
erso
nal c
ircu
mst
ance
s an
d w
ill h
elp
yo
u ac
hiev
e yo
ur in
vest
men
t g
oal
s.
The
cum
ulat
ive
effe
ct o
f fe
es a
nd e
xpen
ses
can
sub
stan
tial
ly r
educ
e th
e g
row
th o
f yo
ur r
etir
emen
t p
lan
acco
unt.
Vis
it t
he D
epar
tmen
t o
f L
abo
r’s
Web
sit
e fo
r an
ex
amp
le s
how
ing
the
long
-ter
m e
ffec
t o
f fe
es a
nd e
xpen
ses
at w
ww
.do
l.go
v/eb
sa/p
ublic
atio
ns/4
01k
_em
plo
yee.
htm
l. 1 W
ith
resp
ect
to m
utua
l fun
d in
vest
men
t o
pti
ons
, the
gro
ss a
nnua
l und
erly
ing
exp
ense
rat
io is
pre
sent
ed a
s th
e to
tal a
nnua
l fun
d o
r cl
ass
op
erat
ing
exp
ense
s, b
efo
re
wai
vers
and
dis
bur
sem
ents
, tha
t ha
ve b
een
pai
d b
y th
e fu
nd a
nd s
tate
d a
s a
per
cent
of
the
fund
's t
ota
l net
ass
ets.
The
net
ann
ual u
nder
lyin
g e
xpen
se r
atio
is
pre
sent
ed a
s th
e an
nual
fun
d o
r cl
ass
op
erat
ing
exp
ense
s, le
ss a
ny e
xpen
se w
aive
rs a
nd d
isb
urse
men
ts t
hat
have
bee
n p
aid
by
the
fund
and
sta
ted
as
a p
erce
nt o
f th
e fu
nd's
to
tal n
et a
sset
s. W
ith
resp
ect
to in
vest
men
t o
pti
ons
tha
t ar
e no
t m
utua
l fun
ds,
the
se e
xpen
se r
atio
s ar
e in
tend
ed t
o p
rese
nt s
imila
r in
form
atio
n, b
ut m
ay
have
bee
n ca
lcul
ated
usi
ng m
etho
do
log
ies
that
diff
er f
rom
tho
se u
sed
fo
r m
utua
l fun
d in
vest
men
t o
pti
ons
. Und
erly
ing
Fun
d E
xpen
se R
atio
s p
rese
nted
her
e d
o n
ot
refle
ct t
he e
ffec
t o
f th
e P
rog
ram
and
Ad
min
istr
atio
n C
harg
e (s
om
etim
es r
efer
red
to
as
a “s
epar
ate
acco
unt
char
ge”
, or
a “m
ort
alit
y, e
xpen
se r
isk
and
ad
min
istr
ativ
e ch
arg
e”)
app
licab
le t
o y
our
Pla
n's
cont
ract
. 2 A
Pro
gra
m a
nd A
dm
inis
trat
ive
Cha
rge
may
be
ded
ucte
d f
rom
the
ret
urns
on
the
inve
stm
ent
op
tio
ns in
the
Pla
n, a
sses
sed
ag
ains
t p
arti
cip
ant
acco
unts
on
a q
uart
erly
bas
is o
r p
aid
dir
ectl
y b
y th
e p
lan
spo
nso
r to
co
ver
cert
ain
adm
inis
trat
ive
serv
ices
und
er t
he P
lan'
s co
ntra
ct. F
or
furt
her
info
rmat
ion,
ple
ase
refe
r to
"T
he
Pla
n's
Ad
min
istr
ativ
e F
ees
and
Exp
ense
s."
If P
lan
Ad
min
istr
ativ
e fe
es a
re c
harg
ed t
o y
our
acc
oun
t b
alan
ce, t
he a
ctua
l do
llar
amo
unt
will
be
rep
ort
ed t
o y
ou
in t
he
cale
ndar
qua
rter
fo
llow
ing
the
qua
rter
in w
hich
the
cha
rge
occ
urs.
Ple
ase
refe
r to
yo
ur q
uart
erly
acc
oun
t st
atem
ent
for
info
rmat
ion
on
any
fees
act
ually
cha
rged
to
yo
ur a
cco
unt.
3 If
a P
rog
ram
and
Ad
min
istr
ativ
e C
harg
e is
ded
ucte
d o
n th
e in
vest
men
t o
pti
ons
, the
To
tal G
ross
Ann
ual E
xpen
se R
atio
is in
tend
ed t
o r
efle
ct t
he e
ffec
t o
f th
e P
rog
ram
and
Ad
min
istr
ativ
e C
harg
e ap
plic
able
und
er y
our
Pla
n's
cont
ract
by
add
ing
the
cha
rge
to t
he G
ross
Ann
ual U
nder
lyin
g F
und
Exp
ense
Rat
io f
or
each
ap
plic
able
inve
stm
ent
op
tio
n. T
he T
ota
l Net
Ann
ual E
xpen
se R
atio
is in
tend
ed t
o r
efle
ct t
he e
ffec
t o
f th
e P
rog
ram
and
Ad
min
istr
ativ
e C
harg
e ap
plic
able
und
er y
our
P
lan'
s co
ntra
ct b
y ad
din
g t
he c
harg
e to
the
Net
Ann
ual U
nder
lyin
g F
und
Exp
ense
Rat
io f
or
each
ap
plic
able
inve
stm
ent
op
tio
n.
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
iod
End
ing
Sep
tem
ber
30
, 20
17
4 A
vera
ge
annu
al r
etur
ns a
re c
alcu
late
d a
s a
stea
dy
com
po
und
ed r
ate
of
retu
rn o
ver
the
per
iod
of
tim
e in
dic
ated
. Ret
urns
are
his
tori
cal a
nd in
clud
e ch
ang
e in
sha
re
valu
e an
d r
einv
estm
ent
of
div
iden
ds
and
cap
ital
gai
ns, i
f an
y. T
ota
l ret
urns
tha
t ar
e le
ss t
han
one
yea
r ar
e no
t an
nual
ized
. 5 If
a P
rog
ram
and
Ad
min
istr
ativ
e C
harg
e is
ded
ucte
d o
n th
e in
vest
men
t o
pti
ons
, the
se p
erfo
rman
ce d
ata
refle
ct t
he d
educ
tio
n o
f th
e P
rog
ram
and
Ad
min
istr
ativ
e C
harg
e ap
plic
able
to
yo
ur P
lan'
s C
ont
ract
, but
do
no
t re
flect
the
po
ssib
le im
po
siti
on
of
any
red
emp
tio
n fe
es o
r ch
arg
es a
sso
ciat
ed w
ith
any
wit
hdra
wal
ben
efit
s th
at
may
be
avai
lab
le t
hro
ugh
your
Pla
n. Y
our
pla
n sp
ons
or
may
ele
ct t
o h
ave
the
Pro
gra
m a
nd A
dm
inis
trat
ive
Cha
rge
ded
ucte
d f
rom
yo
ur p
lan'
s co
ntra
ct v
alue
s o
n a
qua
rter
ly b
asis
or
may
ele
ct t
o p
ay t
he P
rog
ram
and
Ad
min
istr
ativ
e C
harg
e d
irec
tly.
In e
ithe
r o
f th
ese
case
s, t
hese
per
form
ance
dat
a d
o n
ot
refle
ct t
he d
educ
tio
n o
f th
e P
rog
ram
and
Ad
min
istr
ativ
e C
harg
e ap
plic
able
to
yo
ur P
lan'
s co
ntra
ct.
6 S
ince
ince
pti
on
retu
rn is
use
d f
or
fund
s fe
wer
tha
n 10
yea
rs o
ld. T
he p
erfo
rman
ce r
etur
ns r
efle
cted
in t
his
char
t ar
e ca
lcul
ated
to
the
ince
pti
on
dat
e o
f th
e in
itia
l cl
ass
of
the
fund
. The
per
form
ance
ret
urns
ref
lect
ed in
thi
s ch
art
wit
h re
spec
t to
eac
h b
ench
mar
k in
vest
men
t ar
e ca
lcul
ated
to
the
ince
pti
on
dat
e o
f th
e fu
nd s
hare
cl
ass
to w
hich
it is
bei
ng c
om
par
ed.
8 A
ny f
ees
des
crib
ed in
thi
s se
ctio
n ar
e fe
es p
aid
dir
ectl
y fr
om
yo
ur in
vest
men
t in
thi
s o
pti
on
(e.g
. red
emp
tio
n fe
es, e
xcha
nge
fees
, acc
oun
t fe
es, p
urch
ase
fees
, tr
ansf
er o
r w
ithd
raw
al f
ees,
or
surr
end
er c
harg
es).
12
The
fun
d's
inve
stm
ents
are
co
ncen
trat
ed in
a s
pec
ific
ind
ustr
y o
r se
cto
r, a
nd a
re s
ubje
ct t
o g
reat
er r
isk
than
tra
dit
iona
l div
ersi
fied
eq
uity
fun
ds.
13
Inve
stm
ents
in f
ore
ign
secu
riti
es m
ay in
volv
e d
iffer
ent
and
ad
dit
iona
l ris
ks a
sso
ciat
ed w
ith
fore
ign
curr
enci
es, i
nves
tmen
t d
iscl
osu
re, a
cco
unti
ng, s
ecur
itie
s re
gul
atio
n, c
om
mis
sio
ns, t
axes
, po
litic
al o
r so
cial
inst
abili
ty, w
ar o
r ex
pro
pri
atio
n.
14 S
mal
l co
mp
any
sto
cks
gen
eral
ly h
ave
hig
her
risk
rew
ard
cha
ract
eris
tics
tha
n la
rge
com
pan
y st
ock
s.
15 M
id C
ap s
tock
s g
ener
ally
hav
e hi
ghe
r ri
sk a
nd r
ewar
d c
hara
cter
isti
cs t
han
larg
e co
mp
any
sto
cks.
16
Sec
urit
ies
rate
d b
elo
w in
vest
men
t g
rad
e, "
BB
B",
are
co
mm
onl
y re
ferr
ed t
o a
s "h
igh
yiel
d, h
igh
risk
sec
urit
ies"
or
"jun
k b
ond
s."
Ther
e ar
e sp
ecifi
c ri
sks
asso
ciat
ed w
ith
cert
ain
inve
stm
ent
op
tio
ns. F
or
add
itio
nal d
etai
ls, p
leas
e re
fer
to t
he In
vest
men
t O
pti
on
Shee
ts in
clud
ed in
thi
s E
nro
llmen
t B
oo
k.
Inve
stm
ents
in t
he P
oss
ibili
ties
pro
gra
m a
re a
vaila
ble
thr
oug
h g
roup
var
iab
le f
und
ing
ag
reem
ents
(H
L-20
326
, 20
326
NY
, HL-
1655
3, 1
655
3NY
) is
sued
by
Har
tfo
rd L
ife
Insu
ranc
e C
om
pan
y (S
imsb
ury,
CT
). C
ont
ract
s ar
e ad
min
iste
red
by
Mas
sach
uset
ts M
utua
l Life
Insu
ranc
e C
om
pan
y.
Per
form
ance
do
es n
ot
refle
ct t
he d
educ
tio
n o
f an
y p
lan
char
ges
whi
ch m
ay b
e as
sess
ed t
o p
lan
par
tici
pan
ts.
The
met
hod
olo
gy
used
in t
he h
ypo
thet
ical
per
form
ance
cal
cula
tio
ns f
or
the
Janu
s in
vest
men
t o
pti
ons
may
dif
fer
fro
m t
he m
etho
do
log
y us
ed b
y Ja
nus.
The
refo
re,
the
per
form
ance
ret
urns
sho
wn
may
dif
fer
fro
m t
hose
pro
vid
ed d
irec
tly
by
Janu
s fo
r th
e sa
me
und
erly
ing
fun
ds
for
the
sam
e ti
me
per
iod
s, a
nd m
ay d
iffe
r si
gni
fica
ntly
at
a p
arti
cula
r p
oin
t in
tim
e. J
anus
ap
pro
ves
the
use
of
an a
lter
nati
ve m
etho
d t
hat
is a
ccep
ted
in t
he in
dus
try
to c
alcu
late
hyp
oth
etic
al p
erfo
rman
ce.
Thi
s ta
ble
sho
ws
onl
y th
e as
set-
bas
ed f
ees,
cha
rges
and
exp
ense
s as
soci
ated
wit
h th
e in
vest
men
t ch
oic
es o
f th
e g
roup
var
iab
le f
und
ing
ag
reem
ent.
Ple
ase
refe
r to
th
e p
rod
uct
pro
spec
tus
or
dis
clo
sure
do
cum
ents
, as
app
licab
le, f
or
info
rmat
ion
on
oth
er f
ees
and
cha
rges
tha
t m
ay a
pp
ly t
o y
our
pla
n's
cont
ract
suc
h as
a
cont
ing
ent
def
erre
d s
ales
cha
rge,
ann
ual m
aint
enan
ce f
ee, a
nd o
ther
fee
s o
r ch
arg
es, i
f ap
plic
able
.
22
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
iod
End
ing
Sep
tem
ber
30
, 20
17
© 2
017
Mo
rnin
gst
ar, I
nc. A
ll R
ight
s R
eser
ved
. The
info
rmat
ion
cont
aine
d h
erei
n: (
1) is
pro
pri
etar
y to
Mo
rnin
gst
ar a
nd/o
r it
s co
nten
t p
rovi
der
s; (
2) m
ay n
ot
be
cop
ied
o
r d
istr
ibut
ed; a
nd (
3) is
no
t w
arra
nted
to
be
accu
rate
, co
mp
lete
or
tim
ely.
Nei
ther
Mo
rnin
gst
ar n
or
its
cont
ent
pro
vid
ers
are
resp
ons
ible
fo
r an
y d
amag
es o
r lo
sses
ar
isin
g f
rom
any
use
of
this
info
rmat
ion.
23
Inve
stm
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Op
tio
n P
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ce a
nd A
pp
licab
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and
Cha
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F
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the
Per
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tem
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30
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A
pp
licab
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ees
& C
harg
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Inve
stm
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n P
erfo
rman
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Fund
Nam
e /
Shar
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lass
M
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star
Cat
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Ap
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Ben
chm
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Fees
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estr
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Ann
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Und
erly
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d
Exp
ense
Rat
io1
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gra
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ativ
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cep
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ss
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s a
%
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ss
Net
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00
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vest
ed
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ss
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1
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5
Yr.
10
Yr.
Si
nce
Ince
pt6
VA
RIA
BLE
RE
TUR
N IN
VE
STM
EN
T O
PTI
ON
S
The
tab
le b
elo
w f
ocu
ses
on
inve
stm
ent
op
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ns t
hat
do
no
t ha
ve a
fix
ed o
r st
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rat
e o
f re
turn
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HE
PE
RF
OR
MA
NC
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AT
A S
HO
WN
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PR
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S P
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PE
RF
OR
MA
NC
E A
ND
IS N
O G
UA
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OF
FU
TU
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SULT
S. T
he in
vest
men
t re
turn
and
pri
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valu
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f an
inve
stm
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may
flu
ctua
te s
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hat
whe
n sh
ares
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ts a
re r
edee
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the
y m
ay b
e w
ort
h m
ore
or
less
tha
n th
eir
ori
gin
al c
ost
. Cur
rent
per
form
ance
may
va
ry f
rom
the
per
form
ance
dat
a q
uote
d. F
or
per
form
ance
dat
a cu
rren
t to
the
mo
st r
ecen
t m
ont
h-en
d, v
isit
our
web
site
at
ww
w.m
assm
utua
l.co
m/s
erve
.
SP
EC
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Fra
nklin
Uti
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59%
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P 1
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pen
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03/
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N
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s an
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24
Inve
stm
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Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
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ees
and
Cha
rges
F
or
the
Per
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End
ing
Sep
tem
ber
30
, 20
17
25
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
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F
or
the
Per
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End
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Sep
tem
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30
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RN
ATI
ON
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GLO
BA
L In
vest
men
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inte
rnat
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l sto
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invo
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risk
s as
soci
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f th
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vest
men
ts a
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The
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lso
gre
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wit
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Dre
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Inte
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dex
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Op
pen
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13
Wo
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12/2
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69
MS
CI A
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19.0
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N
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Fee
s an
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Op
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tern
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row
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15
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3/25
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96
MS
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N/A
Fee
s an
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A
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s a
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ss
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vest
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Gro
ss
Net
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1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
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26
Inve
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Op
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n P
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N
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09
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SMA
LL-C
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S
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l-ca
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all C
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14
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0
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67%
7.
06
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19.9
8%
14
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7.4
6%
9
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05/
01/
200
2
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sell
200
0 V
alue
TR
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D
20.5
5%
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Fee
s an
d R
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ons8
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Dre
yfus
Sm
all C
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N
/A
06
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97
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sell
200
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N
/A
Fee
s an
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all C
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10
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199
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sell
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N
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Fee
s an
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A
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vest
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Gro
ss
Net
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1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
27
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
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and
Cha
rges
F
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the
Per
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tem
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30
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den
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mal
l Co
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any
A
Sm
all G
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1.14
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13.9
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13
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7.
52%
N
/A
11/1
3/19
80
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sell
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s an
d R
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MID
-CA
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2.
56%
8
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16
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0
9/0
1/19
98
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sell
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Cap
TR
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D
15.3
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N/A
Fee
s an
d R
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ons8
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Dre
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cap
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8.5
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0
6/1
9/1
99
1
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sell
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TR
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D
15.3
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N/A
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s an
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15
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3.
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15.8
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20.6
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15
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4%
N
/A
07/
14/1
99
7
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sell
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Cap
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wth
TR
US
D
17.8
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%
8.2
0%
N
/A
Fee
s an
d R
estr
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ons8
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A
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& C
harg
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Ap
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chm
ark
Fees
& R
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ing
Fun
d
Exp
ense
Rat
io1
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gra
m a
nd
Ad
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ativ
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l Ret
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rag
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nnua
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urn4
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A
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Net
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00
in
vest
ed
Gro
ss
Net
3 M
o.
YTD
1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
28
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
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End
ing
Sep
tem
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30
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Op
pen
heim
er M
ain
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Cap
A
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-Cap
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nd
1.11%
1.1
1%
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1%
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$
11.10
$
11.10
2.
17%
9
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%
12.5
6%
12
.22%
6
.84
%
N/A
0
8/0
2/19
99
Rus
sell
Mid
Cap
TR
US
D
15.3
2%
14.2
6%
8
.08
%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
Vic
tory
Syc
amo
re E
stab
lishe
d V
alue
A
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-Cap
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0.9
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0
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3.
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%
9.3
8%
15
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15
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9
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N
/A
08
/16
/19
83
Rus
sell
Mid
Cap
Val
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R U
SD
13
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14
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7.
85%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
LAR
GE
-CA
P
Sto
cks
fluc
tuat
e in
val
ue a
nd a
re s
ubje
ct t
o m
ore
ris
k th
an b
ond
s o
r m
one
y m
arke
t in
vest
men
ts. S
hare
s, w
hen
red
eem
ed, m
ay b
e w
ort
h m
ore
or
less
tha
n th
eir
ori
gin
al c
ost
.
Alg
er C
apit
al A
pp
reci
atio
n In
stit
utio
nal I
Larg
e G
row
th
1.12%
1.1
2%
0.0
0%
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2%
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$
11.2
0
$11
.20
5.
56%
22
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20
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14
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%
8.8
0%
N
/A
11/0
8/1
99
3
Rus
sell
100
0 G
row
th T
R U
SD
21
.94
%
15.2
6%
9
.08
%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
Am
eric
an F
und
s A
MC
AP
R3
Larg
e G
row
th
1.02%
1.0
2%
0.0
0%
1.0
2%
1.02%
$
10.2
0
$10
.20
5.
53%
14
.86
%
16.8
1%
14.16
%
7.6
3%
N/A
0
5/0
1/19
67
Rus
sell
100
0 G
row
th T
R U
SD
21
.94
%
15.2
6%
9
.08
%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
A
pp
licab
le F
ees
& C
harg
es
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stm
ent
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rag
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nnua
l Ret
urn4
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cep
tio
n D
ate
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ss
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s a
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ss
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00
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vest
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5
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10
Yr.
Si
nce
Ince
pt6
29
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
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ees
and
Cha
rges
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the
Per
iod
End
ing
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tem
ber
30
, 20
17
Dre
yfus
S&
P 5
00
Ind
ex
Larg
e B
lend
0.5
1%
0.5
0%
0
.00
%
0.5
1%
0.5
0%
$
5.10
$
5.0
0
4.3
5%
13.8
2%
18.0
3%
13.6
6%
6
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%
N/A
0
1/0
2/19
90
Rus
sell
100
0 T
R U
SD
18
.54
%
14.2
7%
7.55
%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
Inve
sco
Gro
wth
and
Inco
me
A
Larg
e V
alue
0.8
3%
0.8
3%
0.0
0%
0
.83%
0
.83%
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8.3
0
$8
.30
4
.30
%
9.0
9%
20
.90
%
13.3
6%
6
.78
%
N/A
0
8/0
1/19
46
Rus
sell
100
0 V
alue
TR
US
D
15.12
%
13.2
0%
5.
92%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
MF
S V
alue
A
Larg
e V
alue
0.8
6%
0
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%
0.0
0%
0
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%
0.8
6%
$
8.6
0
$8
.60
2.
73%
11
.96
%
16.9
0%
13
.73%
6
.86
%
N/A
0
1/0
2/19
96
Rus
sell
100
0 V
alue
TR
US
D
15.12
%
13.2
0%
5.
92%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
PIM
CO
Sto
cksP
LUS
Ab
solu
te R
etur
n A
Larg
e B
lend
1.08
%
1.04
%
0.0
0%
1.0
8%
1.0
4%
$
10.8
0
$10
.40
4
.88
%
15.9
9%
21
.56
%
13.9
2%
9.3
7%
10.14
%
06
/28
/20
02
Rus
sell
100
0 T
R U
SD
18
.54
%
14.2
7%
7.55
%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
A
pp
licab
le F
ees
& C
harg
es
Inve
stm
ent
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tio
n P
erfo
rman
ce5
Fund
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e /
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e C
lass
M
orn
ing
star
Cat
ego
ry
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plic
able
Ben
chm
ark
Fees
& R
estr
icti
ons
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ual
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erly
ing
Fun
d
Exp
ense
Rat
io1
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gra
m a
nd
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min
istr
ativ
e C
harg
e2
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l Ann
ual
Exp
ense
Rat
io3
Tota
l Ret
urn
Ave
rag
e A
nnua
l Ret
urn4
In
cep
tio
n D
ate
Gro
ss
Net
A
s a
%
Gro
ss
Net
Per
$10
00
in
vest
ed
Gro
ss
Net
3 M
o.
YTD
1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
30
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
iod
End
ing
Sep
tem
ber
30
, 20
17
The
Har
tfo
rd E
qui
ty In
com
e R
4
Larg
e V
alue
1.06
%
1.06
%
0.0
0%
1.0
6%
1.0
6%
$
10.6
0
$10
.60
4
.09
%
11.2
1%
16.6
5%
12.4
0%
7.
38%
N
/A
08
/28
/20
03
Rus
sell
100
0 V
alue
TR
US
D
15.12
%
13.2
0%
5.
92%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
ASS
ET
ALL
OC
ATI
ON
/BA
LAN
CE
D
Ass
et A
lloca
tio
n d
oes
n’t
ensu
re a
pro
fit
or
pro
tect
ag
ains
t lo
ss.
Inve
sco
Eq
uity
and
Inco
me
A
Allo
cati
on-
-50
% t
o 7
0%
Eq
uity
0.8
1%
0.8
0%
0
.00
%
0.8
1%
0.8
0%
$
8.10
$
8.0
0
3.11
%
7.39
%
14.5
3%
10.5
5%
6.4
6%
N
/A
08
/03/
196
0
Mo
rnin
gst
ar M
od
Tg
t R
isk
TR U
SD
10
.95%
7.
44
%
5.4
0%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
Janu
s H
end
erso
n B
alan
ced
T
Allo
cati
on-
-50
% t
o 7
0%
Eq
uity
0.8
3%
0.8
3%
0.0
0%
0
.83%
0
.83%
$
8.3
0
$8
.30
3.
84
%
12.5
1%
15.6
2%
9.0
7%
7.16
%
N/A
0
9/0
1/19
92
Mo
rnin
gst
ar M
od
Tg
t R
isk
TR U
SD
10
.95%
7.
44
%
5.4
0%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
MM
Ret
ireS
MA
RT
20
15 R
4
Tar
get
-Dat
e 20
15
1.27%
1.0
1%
0.0
0%
1.2
7%
1.01%
$
12.7
0
$10
.10
2.6
6%
8
.32%
8
.06
%
6.0
3%
N/A
6
.39
%
04
/01/
2010
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
015
TR
US
D
7.16
%
5.9
7%
N/A
4
.59
%
Fee
s an
d R
estr
icti
ons8
: N/A
A
pp
licab
le F
ees
& C
harg
es
Inve
stm
ent
Op
tio
n P
erfo
rman
ce5
Fund
Nam
e /
Shar
e C
lass
M
orn
ing
star
Cat
ego
ry
Ap
plic
able
Ben
chm
ark
Fees
& R
estr
icti
ons
Ann
ual
Und
erly
ing
Fun
d
Exp
ense
Rat
io1
Pro
gra
m a
nd
Ad
min
istr
ativ
e C
harg
e2
Tota
l Ann
ual
Exp
ense
Rat
io3
Tota
l Ret
urn
Ave
rag
e A
nnua
l Ret
urn4
In
cep
tio
n D
ate
Gro
ss
Net
A
s a
%
Gro
ss
Net
Per
$10
00
in
vest
ed
Gro
ss
Net
3 M
o.
YTD
1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
31
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
iod
End
ing
Sep
tem
ber
30
, 20
17
MM
Ret
ireS
MA
RT
20
20 R
4
Tar
get
-Dat
e 20
20
1.11%
1.0
1%
0.0
0%
1.1
1%
1.01%
$
11.10
$
10.10
3.
15%
10
.09
%
10.4
1%
7.13
%
4.3
3%
5.28
%
12/3
1/20
03
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
020
TR
US
D
8.3
4%
6
.82%
5.
01%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
MM
Ret
ireS
MA
RT
20
25 R
4
Tar
get
-Dat
e 20
25
1.20
%
1.00
%
0.0
0%
1.2
0%
1.0
0%
$
12.0
0
$10
.00
3.
64
%
11.5
9%
12
.59
%
8.0
4%
N
/A
7.71
%
04
/01/
2010
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
025
TR
US
D
10.0
2%
7.8
7%
N/A
5.
52%
Fee
s an
d R
estr
icti
ons8
: N/A
MM
Ret
ireS
MA
RT
20
30 R
4
Tar
get
-Dat
e 20
30
1.15%
1.0
4%
0
.00
%
1.15%
1.0
4%
$
11.5
0
$10
.40
4
.03%
12
.75%
14
.09
%
8.5
3%
4.18
%
5.75
%
12/3
1/20
03
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
030
TR
US
D
12.15
%
8.9
5%
6.0
6%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
MM
Ret
ireS
MA
RT
20
35 R
4
Tar
get
-Dat
e 20
35
1.26
%
1.06
%
0.0
0%
1.2
6%
1.0
6%
$
12.6
0
$10
.60
4
.27%
13
.44
%
14.9
2%
8.8
6%
N
/A
8.2
2%
04
/01/
2010
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
035
TR
US
D
14.2
0%
9
.75%
N
/A
6.4
9%
Fee
s an
d R
estr
icti
ons8
: N/A
A
pp
licab
le F
ees
& C
harg
es
Inve
stm
ent
Op
tio
n P
erfo
rman
ce5
Fund
Nam
e /
Shar
e C
lass
M
orn
ing
star
Cat
ego
ry
Ap
plic
able
Ben
chm
ark
Fees
& R
estr
icti
ons
Ann
ual
Und
erly
ing
Fun
d
Exp
ense
Rat
io1
Pro
gra
m a
nd
Ad
min
istr
ativ
e C
harg
e2
Tota
l Ann
ual
Exp
ense
Rat
io3
Tota
l Ret
urn
Ave
rag
e A
nnua
l Ret
urn4
In
cep
tio
n D
ate
Gro
ss
Net
A
s a
%
Gro
ss
Net
Per
$10
00
in
vest
ed
Gro
ss
Net
3 M
o.
YTD
1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
32
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
iod
End
ing
Sep
tem
ber
30
, 20
17
MM
Ret
ireS
MA
RT
20
40
R4
Tar
get
-Dat
e 20
40
1.18
%
1.05%
0
.00
%
1.18
%
1.05%
$
11.8
0
$10
.50
4
.33%
13
.72%
15
.23%
8
.96
%
4.13
%
6.0
1%
12/3
1/20
03
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
04
0 T
R U
SD
15
.60
%
10.13
%
6.7
3%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
MM
Ret
ireS
MA
RT
20
45
R4
Tar
get
-Dat
e 20
45
1.37%
1.0
3%
0.0
0%
1.3
7%
1.03%
$
13.7
0
$10
.30
4
.36
%
13.9
4%
15
.52%
9
.45%
N
/A
8.7
2%
04
/01/
2010
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
04
5 TR
US
D
16.2
2%
10.2
0%
N
/A
6.7
9%
Fee
s an
d R
estr
icti
ons8
: N/A
MM
Ret
ireS
MA
RT
20
50 R
4
Tar
get
-Dat
e 20
50
1.29
%
1.04
%
0.0
0%
1.2
9%
1.0
4%
$
12.9
0
$10
.40
4
.66
%
14.7
4%
16
.52%
9
.62%
N
/A
5.0
4%
12
/17/
200
7
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
050
TR
US
D
16.3
9%
10
.14%
N
/A
6.7
3%
Fee
s an
d R
estr
icti
ons8
: N/A
MM
Ret
ireS
MA
RT
20
55 R
4
Tar
get
-Dat
e 20
55
2.28
%
1.02%
0
.00
%
2.28
%
1.02%
$
22.8
0
$10
.20
4
.68
%
14.8
2%
16.6
6%
N
/A
N/A
7.
31%
0
9/1
7/20
13
Mo
rnin
gst
ar L
ifet
ime
Mo
d 2
055
TR
US
D
16.4
6%
10
.04
%
N/A
6
.66
%
Fee
s an
d R
estr
icti
ons8
: N/A
A
pp
licab
le F
ees
& C
harg
es
Inve
stm
ent
Op
tio
n P
erfo
rman
ce5
Fund
Nam
e /
Shar
e C
lass
M
orn
ing
star
Cat
ego
ry
Ap
plic
able
Ben
chm
ark
Fees
& R
estr
icti
ons
Ann
ual
Und
erly
ing
Fun
d
Exp
ense
Rat
io1
Pro
gra
m a
nd
Ad
min
istr
ativ
e C
harg
e2
Tota
l Ann
ual
Exp
ense
Rat
io3
Tota
l Ret
urn
Ave
rag
e A
nnua
l Ret
urn4
In
cep
tio
n D
ate
Gro
ss
Net
A
s a
%
Gro
ss
Net
Per
$10
00
in
vest
ed
Gro
ss
Net
3 M
o.
YTD
1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
33
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
iod
End
ing
Sep
tem
ber
30
, 20
17
MM
Ret
ireS
MA
RT
In R
etir
emen
t R
4
Tar
get
-Dat
e R
etir
emen
t
1.30
%
1.00
%
0.0
0%
1.3
0%
1.0
0%
$
13.0
0
$10
.00
2.
15%
6
.95%
5.
99
%
4.12
%
4.12
%
4.4
0%
12
/31/
200
3
Mo
rnin
gst
ar L
ifet
ime
Mo
d In
cm T
R U
SD
5.
37%
4
.29
%
3.6
2%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
BO
ND
S C
orp
ora
te b
ond
s, U
.S. T
reas
ury
bill
s an
d U
.S. g
ove
rnm
ent
bo
nds
will
flu
ctua
te in
val
ue, a
nd t
he r
etur
n o
f p
rinc
ipal
is n
ot
gua
rant
eed
if s
old
bef
ore
mat
urit
y.
Dre
yfus
Bo
nd M
arke
t In
dex
INV
Inte
rmed
iate
-Ter
m B
ond
0.4
1%
0.4
0%
0
.00
%
0.4
1%
0.4
0%
$
4.10
$
4.0
0
0.7
5%
2.8
5%
-0.4
7%
1.56
%
3.77
%
N/A
0
4/2
8/1
99
4
BB
gB
arc
US
Ag
g B
ond
TR
US
D
0.0
7%
2.0
6%
4
.27%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
Eat
on
Van
ce In
com
e F
und
of
Bo
sto
n A
16
Hig
h Y
ield
Bo
nd
0.9
9%
0
.99
%
0.0
0%
0
.99
%
0.9
9%
$
9.9
0
$9
.90
1.7
2%
5.8
5%
7.38
%
5.79
%
6.6
3%
N/A
0
6/1
5/19
72
Bo
fAM
L U
S H
Y M
aste
r II
TR U
SD
9
.06
%
6.3
8%
7.
72%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
Loo
mis
Say
les
Bo
nd R
etai
l
Mul
tise
cto
r B
ond
0.9
1%
0.9
1%
0.0
0%
0
.91%
0
.91%
$
9.10
$
9.10
1.3
5%
7.17
%
5.75
%
4.16
%
5.6
1%
N/A
0
5/16
/19
91
BB
gB
arc
US
Uni
vers
al T
R U
SD
0
.96
%
2.53
%
4.5
6%
N
/A
Fee
s an
d R
estr
icti
ons8
: N/A
A
pp
licab
le F
ees
& C
harg
es
Inve
stm
ent
Op
tio
n P
erfo
rman
ce5
Fund
Nam
e /
Shar
e C
lass
M
orn
ing
star
Cat
ego
ry
Ap
plic
able
Ben
chm
ark
Fees
& R
estr
icti
ons
Ann
ual
Und
erly
ing
Fun
d
Exp
ense
Rat
io1
Pro
gra
m a
nd
Ad
min
istr
ativ
e C
harg
e2
Tota
l Ann
ual
Exp
ense
Rat
io3
Tota
l Ret
urn
Ave
rag
e A
nnua
l Ret
urn4
In
cep
tio
n D
ate
Gro
ss
Net
A
s a
%
Gro
ss
Net
Per
$10
00
in
vest
ed
Gro
ss
Net
3 M
o.
YTD
1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
34
Inve
stm
ent
Op
tio
n P
erfo
rman
ce a
nd A
pp
licab
le F
ees
and
Cha
rges
F
or
the
Per
iod
End
ing
Sep
tem
ber
30
, 20
17
Sel
ect
Wes
tern
Str
ateg
ic B
ond
I
Inte
rmed
iate
-Ter
m B
ond
0.5
4%
0
.48
%
0.0
0%
0
.54
%
0.4
8%
$
5.4
0
$4
.80
1.0
4%
5.
45%
2.
64
%
3.4
5%
5.21
%
4.7
4%
12
/31/
200
4
BB
gB
arc
US
Ag
g B
ond
TR
US
D
0.0
7%
2.0
6%
3.
00
%
N/A
Fee
s an
d R
estr
icti
ons8
: N/A
A
pp
licab
le F
ees
& C
harg
es
Inve
stm
ent
Op
tio
n P
erfo
rman
ce5
Fund
Nam
e /
Shar
e C
lass
M
orn
ing
star
Cat
ego
ry
Ap
plic
able
Ben
chm
ark
Fees
& R
estr
icti
ons
Ann
ual
Und
erly
ing
Fun
d
Exp
ense
Rat
io1
Pro
gra
m a
nd
Ad
min
istr
ativ
e C
harg
e2
Tota
l Ann
ual
Exp
ense
Rat
io3
Tota
l Ret
urn
Ave
rag
e A
nnua
l Ret
urn4
In
cep
tio
n D
ate
Gro
ss
Net
A
s a
%
Gro
ss
Net
Per
$10
00
in
vest
ed
Gro
ss
Net
3 M
o.
YTD
1
Yr.
5
Yr.
10
Yr.
Si
nce
Ince
pt6
B4452b 0617
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