Page 72 - DeferredComp-Feb2018

Disclosures

Morningstar Rating™: for each fund with at least a three-year history, rating is
variation in a fund’s monthly performance (including the effects of sales char
variations and rewarding consistent performance. These ratings change month
receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and th
from a weighted average of the performance figures associated with its 3-, 5-, and 1
relative to all funds that have the same Morningstar Category (peers). The highest (
percentile rank is 100. The top-performing fund in a category will always receive a r
fund’s performance within its Morningstar Category.

© 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1)
or distributed; and (3) is not warranted to be accurate, complete or timely. Neither M
arising from any use of this information. Performance values do not include the effe
to the retirement program.

Beta is a measure of sensitivity to market movements. The beta of the market is 1.0
better than the market’s excess return in an up market or 10% worse in a down mar
15% less than the market’s excess return during up markets and 15% greater durin
Standard deviation is a statistical measurement, which for a mutual fund depicts h
standard deviation, performance is wide, implying greater volatility.
R-squared measures the degree of relationship between the performance of the fu
performance is to its index.
Sharpe ratio measures risk adjusted performance; it is calculated as the real total r
(standard deviation).