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County of San Mateo                                                                                                                                               3/31/2021









                                  Table of Contents



                                  Market Overview                                                                                                                                                              3
                                  Plan Snapshot                                                                                                                                                                8
                                  Standard Performance                                                                                                                                                         9
                                  Fund Performance by Asset Class                                                                                                                                            12
                                  Calendar Year Performance                                                                                                                                                  17
                                  Risk Analysis                                                                                                                                                              21
                                  Risk Analysis: MPT Statistics                                                                                                                                              27
                                  Expense Summary                                                                                                                                                            31
                                  Style Box Analysis                                                                                                                                                         34
                                  Fund Factsheets                                                                                                                                                            38
                                  Definitions & Disclosures                                                                                                                                                  67












































                              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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