Fund 40

The Fund 40 Investment Option invests in a combination of Domestic Equity, International Equity, Real Estate, and Fixed Income investments in order to seek long-term growth with the potential to earn income. This portfolio has a target allocation of 36% Domestic Equity, 19% International Equity, 5% Real Estate, and 40% Fixed Income.

Underlying Investments

Fidelity U.S. Bond Index Fund 12%

Fact Sheet | Prospectus | Annual Report
Northern Stock Index Strategy 10%

Fact Sheet | Prospectus | Annual Report
iShares 0-5 Year TIPS Bond ETF 9%

Fact Sheet | Prospectus | Annual Report
Baird Short-Term Bond Fund 7%

Fact Sheet | Prospectus | Annual Report
PGIM Core Bond Fund 7%

Fact Sheet | Prospectus | Annual Report
Fidelity Short-Term Bond Index Fund 7%

Fact Sheet | Prospectus | Annual Report
AB Global Bond Fund 6%

Fact Sheet | Prospectus | Annual Report
American Beacon Garcia Hamilton Quality Bond Fund 5%

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T. Rowe Price Large-Cap Growth Strategy 5%

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DFA U.S. Large Cap Value Portfolio 5%

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Northern International Equity Index Fund 4%

Fact Sheet | Prospectus | Annual Report
BlackRock High Yield Bond Fund 4%

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Principal Global Real Estate Securities Fund 3%

Fact Sheet | Prospectus | Annual Report
Credit Suisse Floating Rate High Income Fund 3%

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BlackRock Emerging Markets Fund 2.5%

Fact Sheet | Prospectus | Annual Report
Dodge & Cox International Stock Fund 2%

Fact Sheet | Prospectus | Annual Report
Invesco Oppenheimer International Growth Fund 2%

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Ariel Fund 1.5%

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DFA International Small Company Portfolio 1.5%

Fact Sheet | Prospectus | Annual Report
BlackRock Mid-Cap Growth Equity Fund 1.5%

Fact Sheet | Prospectus | Annual Report
Northern Small Cap Value Strategy 1%

Fact Sheet | Prospectus | Annual Report
Harbor Small Cap Growth Fund 1%

Fact Sheet | Prospectus | Annual Report

Portfolio Performance

Single Portfolio Performance
Fee Structure as of November 30, 2021	YTD	3 Mo	Average Annual Total Returns as of 11/30/2021					Expense Ratio¹	Inception Date
Fee Structure as of November 30, 2021	YTD	3 Mo	1 Yr	3 Yrs	5 Yrs	10 Yrs	Since Inception²	Expense Ratio¹	Inception Date
A	5.67%	-1.27%	7.94%	8.42%	7.16%	6.34%	5.20%	0.72%	11/18/05
C	5.40%	-1.37%	7.65%	8.14%	6.88%	6.06%	4.94%	0.97%	11/18/05
E	5.64%	-1.29%	7.90%	8.43%	7.16%	6.34%	5.17%	0.72%	3/1/06
F	5.86%	-1.22%	8.15%	8.68%	7.42%	6.60%	5.46%	0.47%	11/18/05
G	5.57%	-1.30%	7.87%	8.40%	-	-	6.41%	0.72%	11/3/17
H	5.86%	-1.29%	8.15%	8.65%	-	-	6.67%	0.47%	11/3/17