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County of San Mateo                                                    6/30/2021









 Table of Contents



 Market Overview                                                                    3
 Plan Snapshot                                                                      8
 Standard Performance                                                              10
 Fund Performance by Asset Class                                                   13
 Calendar Year Performance                                                         19
 Risk Analysis                                                                     23
 Risk Analysis: MPT Statistics                                                     30
 Expense Summary                                                                   35
 Style Box Analysis                                                                39
 Fund Factsheets                                                                   43
 Definitions & Disclosures                                                         78












































 Past performance is no guarantee of future results. Rankings provided based on total returns. Performance quoted for mutual funds may include performance of a predecessor
 fund/share class prior to the share class commencement of operations.




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