Page 55 - FebDefComp

19 are not directly related to them. Consequently, the investment performance

Real estate securities and trusts involve risks, including declining property values, changes in zoning laws or losses from casualty. Real estate securities that invest in foreign real estate involve additional risks,
is not guaranteed at any time, including the target date. For more information, please refer to the fund prospectus and/or disclosure document. A target date fund will gradually shift its emphasis from more

The guaranteed fund is a general account group annuity contract issued by Great-West Life & Annuity Insurance Company or, in New
may be managed similar to or modeled after other mutual funds with similar names and investment objectives, the Great-West Funds
The Trustee of the JPMCB SmartRetirement Funds agrees to reimburse the Fund for such fund operating expenses, and/or to waive
aggressive investments to more conservative ones based on its target date (which is the assumed retirement date for an investor).
to be at age 65) and/or begins withdrawing money. The principal value of the funds a mix of stocks/stock funds and bonds/bond funds. For more information, see be worth more or less than the original cost. a portion of the Trustee’s management fee, to the extent that the fund’s total whole, such as changes in economic or political conditions. Equity securities are subject to Therefore, performance of a fund will generally be less than its benchmark index. Equities, LLC and its affiliates may receive compensation with respect to proprietary investment products described, and the plan sponsor is welcome to request more the prospectus. Asset allocation funds of Great-West Funds may invest in funds that York, by Great-West Life & Annuity Insurance Company of New York that by the general assets of the
be The JPMCB SmartRetirement Funds indirectly bear their proportionate share of the operating expenses of any underlying funds in which they may invest (excluding management fees and service fees). annual operating expenses (excluding management fees, service fees, underlying fund fees attributable to dividend and interest expenses on short sales, interest, expenses related to litigation and potential litigation, and extraordinary expenses not incurred in the ordinary course of the Fund’s business) exceeds 0.04% of the Fund’s average daily new assets through the expense cap expiration date. The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. These pric
the guarantee is dependent on the financial strength of the insurance company issuing the contract. Depending on the terms of
A benchmark index is not actively managed, does not have a defined investment objective, and does not incur fees or expenses.
investments and may receive compensation with respect to other plan investments. Other share classes may be available for the
Asset allocation and balanced investment options and models are subject to the risks of the underlying investments, which can
The date in a target date fund’s name represents an approximate date when an investor is expected to retire (which is assumed
Shares of Great-West Funds, Inc. are not sold directly to the general public but are offered to permitted accounts as defined in
fiduciary responsible for plan investments and should not be relied upon as the sole basis for any investment decision. GWFS
guarantees principal and credited interest for eligible participant-initiated withdrawals and transfers. The guarantee is backed
Investment return and principal value of a variable investment will fluctuate so that an investor's shares when redeemed, may
Morningstar rankings are based on total return and do not reflect of sales charges, which, if reflected, would reduce returns.
associated with certain plan sponsor actions, including but not limited to a termination of the contract that could result in
factors affecting individual companies, sectors or industries selected for the Fund’s portfolio or the securities market as a
Commodity and real asset investments may be affected by natural disasters and political and economic developments.
Securities of small and mid-size companies may be more volatile than those of larger, more established companies.
There is no guarantee that companies that can issue dividends will declare, continue to pay, or increase dividends .
extended payment period. For more information, please contact Empower Retirement or refer to the contract.
and other features of other mutual funds and any similarly named Great-West Fund may differ substantially.

Services offered by Advised Assets Group, LLC, a registered investment adviser.

securities goes down, an investment in a fund decreases in value.

including currency fluctuations and political developments.

Disclosures

You cannot invest directly in a benchmark index.
the prospectus and/or disclosure documents.

information on the options available.

RO1482321-0121 FOR FINANCIAL PROFESSIONAL AND PLAN SPONSOR USE ONLY.