Page 135 - DCAC May 2023 Files

Glossary of terms

Term Description

Investment Investment strategy includes all active and terminated participants with a balance. Each strategy classification is exclusive, meaning a participant is only included
strategy in one group as of the last day of the reporting period.
Do it for me:
• Managed Account users - refers to a participant enrolled in the managed accounts service
Help me do it:
• Online Advice - refers to a participant utilizing the online advice service within managed accounts
• Asset allocation model strategy – refers to participants enrolled in a model portfolio
• Target date strategy or Risk based strategy – refers to a participant with greater than 95% of their assets in one or two target date or risk based fund(s);
therefore up to 5% of the balance illustrated in the investment strategy may be invested in other types of investments
Do it myself:
• Brokerage – refers to a participant enrolled in the self-directed brokerage option: therefore the balance illustrated in this investment strategy may be invested
in non-brokerage investments
• Any participant not in one of the prior strategies is designated as a Do-it-yourself investor

Advisory services Advisory services includes all active and terminated participants with a balance. It compares the participants enrolled in the managed account service or online
advice service against the participants that are not enrolled as of the last day of the reporting period. Each participant is only included in one group.

Asset allocations Includes investment option assets as of period end. Assets do not include holding/forfeiture group level accounts or loan balances. The % of total calculation is:
Investment option’s total balance / total of participant balances. The participant counts include all participants with a balance >0 for the investment option.

Net interfund Participant transfer in counts are a distinct count of the participants that had Transfer In financial activity during the entire timeframe. Participant transfer out
transfer activity counts are a distinct count of the participants that had Transfer Out financial activity during the entire timeframe. Net transfers are the net of the Transfer In
and Transfer Out financial activity. Assets are as of the period end and do not include holding/forfeiture group level accounts or loan balances. Net transfer as a
% of a fund’s assets is derived by: Net transfers / Investment assets.

Fund exposure by The calculation for an individual participant’s exposure to an investment option is: Participant balance in the investment option / the participant’s total account
investment balance. Participants without a balance in a fund are excluded when calculating the average for the fund. Average fund exposures are provided for the
strategy population of participants within each investment strategy to provide insights into how participants of each investment strategy are utilizing the investment
lineup.

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