Investment Performance

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PERFORMANCE UPDATE  
 
WASHOE COUNTY DEFERRED COMP PLAN  
 
Average Annual Total Returns as of 06/30/2020    (shown in percentages)  

 Variable annuities and mutual funds offered through a retirement plan are intended as long-term investments designed for retirement purposes. Money distributed from a 403(b) plan, 401(a)/(k) plan, or a 457 plan will be taxed as ordinary income in the year the money is distributed. Early withdrawals from a 403(b) plan and a 401(a)/(k) plan, if taken prior to age 59 1/2, will be subject to the IRS 10% premature distribution penalty tax, unless an exception applies. This IRS premature distribution penalty tax does not apply to 457 plans. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than the original amount invested. 

 The performance data quoted represents past performance.  Past performance does not guarantee future results.  For month-end performance which may be lower or higher than the performance data shown please call 800-584-6001.  Investment return and principal value of an investment will fluctuate so that, when sold, an investment may be worth more or less than the original cost.  

 The returns assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund operating expenses. Voya will assess an annual administrative fee of 0.03% on all investments including assets held in the Voya Fixed Account - 457/401 II. This fee is deducted from your account monthly and will be pro-rated across balances held in each of the investment options.  A separate quarterly fee of 0.05% will be deducted from your account to reimburse the plan’s independent consultant for its services. These returns do not reflect any plan level administrative fees, if applicable; if reflected, returns would be less favorable. The performance data shown below also does not reflect an expense reimbursement which may be applied to participant accounts on a monthly basis.  If this expense reimbursement did apply and had been reflected, the performance data shown for each option would have been higher.  Please contact your local representative for more information. 

 You should consider the investment objectives, risks and charges, and expenses of the funds carefully before investing.  The prospectus contains this and other information.  Anyone who wishes to obtain a free copy of the fund prospectuses may call their Voya representative or the number above.  Please read the prospectus carefully before investing. 

 Returns less than one year are not annualized.  Fund Inception Date is the date of inception for the underlying fund, and is the date used in calculating the periodic returns.  This date may also precede the portfolio's inclusion in the product. 


 Investment Options 1-Mo 3-Mo YTD 1-Yr 3-Yr 5-Yr10-Yr InceptFund Inception Date Gross Fund Exp %* Net Fund Exp %* 
Stability of Principal   
   Stability of Principal 
Voya Fixed Account - 457/401 II - 4301 (1)(5)0.200.621.282.702.832.963.28   
Bonds   
   High Yield Bond 
PIMCO High Yield Fund - Institutional Class - 814 0.158.00-3.94-0.043.214.526.1312/15/19920.59 0.59  
   Intermediate Core-Plus Bond 
Hartford Total Return Bond HLS Fund - Class IA - 7691 1.606.545.428.765.604.854.4508/31/19770.51 0.51  
   World Bond 
PIMCO International Bond Fund (U.S. Dollar-Hedged) - Class I - 8514 0.773.791.783.274.714.845.3412/02/19920.55 0.55  
Asset Allocation   
   Lifecycle 
American Funds 2010 Target Date Retirement Fund®- Class R-6 - 1971 1.088.31-0.094.585.175.397.2202/01/20070.31 0.31  
American Funds 2015 Target Date Retirement Fund®- Class R-6 - 1973 1.209.03-0.424.665.455.637.7902/01/20070.31 0.31  
American Funds 2020 Target Date Retirement Fund®- Class R-6 - 1975 1.259.790.085.356.056.118.6202/01/20070.31 0.31  
American Funds 2025 Target Date Retirement Fund®- Class R-6 - 1977 1.7912.070.576.717.046.899.8302/01/20070.33 0.33  
American Funds 2030 Target Date Retirement Fund®- Class R-6 - 1979 1.8813.83-0.466.317.527.4110.5302/01/20070.35 0.35  
American Funds 2035 Target Date Retirement Fund®- Class R-6 - 1981 2.3617.15-1.206.718.238.0710.9502/01/20070.37 0.37  
American Funds 2040 Target Date Retirement Fund®- Class R-6 - 1983 2.5718.44-1.726.538.388.2411.1102/01/20070.38 0.38  
American Funds 2045 Target Date Retirement Fund®- Class R-6 - 1985 2.5818.82-1.756.568.508.3711.1902/01/20070.38 0.38  
American Funds 2050 Target Date Retirement Fund®- Class R-6 - 1987 2.6319.23-1.786.678.638.4711.2402/01/20070.39 0.39  
American Funds 2055 Target Date Retirement Fund®- Class R-6 - 1989 2.6519.21-1.766.738.628.4711.2402/01/20100.40 0.40  
American Funds 2060 Target Date Retirement Fund®- Class R-6 - 9639 2.6119.13-1.766.668.598.458.2103/27/20150.41 0.41  
Balanced   
   Allocation--50% to 70% Equity 
American Funds American Balanced Fund® - Class R-6 - 7027 1.0812.04-0.936.627.818.1510.6907/26/19750.26 0.26  
Large Cap Value   
   Large Blend 
Vanguard® Institutional Index Fund - Institutional Shares - 566 1.9920.55-3.087.4910.7010.7013.9607/31/19900.04 0.04  
Wells Fargo Disciplined U.S. Core Fund - Institutional Class - 9369 (2)1.7920.22-3.666.858.489.3813.6702/28/19900.51 0.48  
   Large Value 
American Century Equity Income Fund - R6 Class - 6298 -0.1212.30-11.73-4.984.288.0910.3103/07/19970.57 0.57  
Large Cap Growth   
   Large Growth 
American Funds The Growth Fund of America® - Class R-6 - 1724 3.6726.137.1616.8314.6913.2115.0412/01/19730.31 0.31  
Small/Mid/Specialty   
   Mid-Cap Blend 
Vanguard® Mid-Cap Index Fund - Admiral™ Shares - 756 1.9624.96-7.18-0.206.456.9912.4711/12/20010.05 0.05  
   Mid-Cap Growth 
Hartford MidCap HLS Fund - Class IA - 7696 1.8325.27-5.060.099.059.3813.4507/14/19970.69 0.69  
   Mid-Cap Value 
Hotchkis and Wiley Mid-Cap Value Fund - Class I - 7712 1.9229.93-32.10-31.62-12.50-6.436.0201/02/19971.03 1.03  
   Small Blend 
AMG Managers Skyline Special Equities Fund - Class N - 8355 (3)3.3726.10-23.17-17.02-5.11-1.039.0104/23/19871.19 1.18  
Vanguard® Small-Cap Index Fund - Admiral™ Shares - 757 2.5426.66-11.42-5.603.995.4011.5911/13/20000.05 0.05  
   Small Growth 
Wells Fargo Small Company Growth Fund - Class R6 - 6460 (4)2.5129.42-6.65-0.807.905.2213.4606/01/19970.89 0.89  
Global / International   
   Foreign Large Growth 
American Funds EuroPacific Growth Fund® - Class R-6 - 1723 5.6122.77-4.773.174.764.907.4804/16/19840.49 0.49  
 The risks of investing in small company stocks may include relatively low trading volumes, a greater degree of change in earnings and greater short-term volatility. 
 Foreign investing involves special risks such as currency fluctuation and public disclosure, as well as economic and political risks. 
 Some of the Funds invest in securities guaranteed by the U.S. Government as to the timely payment of principal and interest; however, shares of the Funds are not insured nor guaranteed. 
 High yielding fixed-income securities generally are subject to greater market fluctuations and risks of loss of income and principal than are investments in lower yielding fixed-income securities. 
 Sector funds may involve greater-than average risk and are often more volatile than funds holding a diversified portfolio of stocks in many industries. Examples include: banking, biotechnology, chemicals, energy, environmental services, natural resources, precious metals, technology, telecommunications, and utilities. 
 *The Gross Expense Ratios shown do not reflect any temporary fee or expense waivers that may be in effect for a fund. The performance of a fund with a temporary fee or expense waiver would have been lower if the gross fund fees / expenses listed had been reflected. 


ADDITIONAL NOTES 
(1) The current rate for the Voya Fixed Account - 457/401 II MC 927, Fund 4301 is 2.50%, expressed as an annual effective yield. The current rate may change and be higher or lower than the previously identified rate but is guaranteed not to be less than 1.00%. VRIAC will not apply a decrease to the current rate following a rate change initiated solely by us prior to the last day of the three-month period measured from the first day of the month in which such change was effective. Note: The current rate for an initial investment in the fixed account previously identified may be in effect for less than a full three-month period. 

 Voya Fixed Account - 457/401 II - Voya will credit interest at an annual effective rate of at least 3.00% through 2019, 2.5% for 2020 and 2.25% for 2021. Each of these is higher than the standard Voya Fixed Account - 457/401 II credited rate which is currently 1.75%. Beginning in 2022 and thereafter, the credited rate for your plan will be the same as the standard Voya Fixed Account - 457/401 II credited rate in effect at that time. Please note the Guaranteed Minimum Interest Rate is 1.00%. Guarantees are based on the claims-paying ability of Voya Retirement Insurance and Annuity Company. Restrictions may apply to transfers of funds from the Voya Fixed Account - 457/401 II to other contract investment options. Please refer to your product prospectus / disclosure booklet or call Voya at (800) 584-6001 for more information. 
(2) Wells Fargo Disciplined U.S. Core Fund - Institutional Class: The Manager has contractually committed through November 30, 2017, to waive fees and/or reimburse expenses to the extent necessary to cap the Fund's Total Annual Fund Operating Expenses After Fee Waiver at the amounts shown above. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses, and extraordinary expenses are excluded from the cap. After this time, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees. 

(3) AMG Managers Skyline Special Equities Fund - Class N: AMG Funds LLC (the "Investment Manager") has contractually agreed, through at least May 1, 2020, to waive management fees and/or pay or reimburse the Fund's expenses in order to limit Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursements (exclusive of taxes, interest (including interest incurred in connection with bank and custody overdrafts and in connection with securities sold short), shareholder servicing fees, distribution and service (12b-1) fees, brokerage commissions and other transaction costs, dividends payable with respect to securities sold short, acquired fund fees and expenses, and extraordinary expenses) of the Fund to the annual rate of 0.92% of the Fund's average daily net assets (this annual rate or such other annual rate that may be in effect from time to time, the "Expense Cap"), subject to later reimbursement by the Fund in certain circumstances. In general, for a period of up to 36 months after the date any amounts are paid, waived or reimbursed by the Investment Manager, the Investment Manager may recover such amounts from the Fund, provided that such repayment would not cause the Fund's Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursements (exclusive of the items noted in the parenthetical above) to exceed either (i) the Expense Cap in effect at the time such amounts were paid, waived or reimbursed, or (ii) the Expense Cap in effect at the time of such repayment by the Fund. The contractual expense limitation may only be terminated in the event the Investment Manager or a successor ceases to be the investment manager of the Fund or a successor fund, by mutual agreement between the Investment Manager and the AMG Funds Board of Trustees or in the event of the Fund's liquidation unless the Fund is reorganized or is a party to a merger in which the surviving entity is successor to the accounting and performance information of the Fund. 

(4) Wells Fargo Small Company Growth Fund - Class R6: The Manager has contractually committed through September 30, 2018, to waive fees and/or reimburse expenses to the extent necessary to cap the Fund's Total Annual Fund Operating Expenses After Fee Waivers at the amount shown in the fund's prospectus. Brokerage commissions, stamp duty fees, interest, taxes, acquired fund fees and expenses from funds in which the master portfolio invests, and extraordinary expenses are excluded from the expense cap. All other acquired fund fees and expenses from the affiliated master portfolio are included in the expense cap. After this time, the cap may be increased or the commitment to maintain the cap may be terminated only with the approval of the Board of Trustees. 

(5) The Investment Option is neither a mutual fund nor part of a Separate Account.  The returns listed do not include the impact of contract charges.  Please refer to the contract or disclosure book to determine which Fixed Interest Options are available for your specific plan.  The Investment Option is offered through Voya Retirement Insurance and Annuity Company. 




Creation Date: Tuesday, July 14, 2020

Not FDIC/NCUA/NCUSIF Insured I Not a Deposit of a Bank/Credit Union I May Lose Value I Not Bank/Credit Union Guaranteed I Not Insured by Any Federal Government Agency

Insurance products, annuities and retirement plan funding issued by (third party administrative services may also be provided by) Voya Retirement Insurance and Annuity Company, One Orange Way, Windsor, CT 06095-4774. Securities are distributed by Voya Financial Partners LLC (member SIPC). Custodial account agreements or trust agreements are provided by Voya Institutional Trust Company. All companies are members of the Voya® family of companies. Securities may also be distributed through other broker-dealers with which Voya has selling agreements. Insurance obligations are the responsibility of each individual company. Product and services may not be available in all states.
 
Mutual funds under a custodial or trust account agreement are intended as long‐term investments designed for retirement purposes. Money distributed from a 401(a) plan or a 457 plan will be taxed as ordinary income in the year the money is distributed. Early withdrawals from a 401(a) plan, if taken prior to age 59½, will be subject to the IRS 10% premature distribution penalty tax. This IRS premature distribution penalty tax does not apply to 457 plans. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than the original amount invested. A group fixed annuity is an insurance contract designed for investing for retirement purposes. The guarantee of the fixed account is based on the claims‐paying ability of the issuing insurance company. Although it is possible to have guaranteed income for life with a fixed annuity, there is no assurance that this income will keep up with inflation. Money taken from the plan will be taxed as ordinary income in the year the money is distributed. An annuity does not provide any additional tax benefit, as tax deferral is provided by the Plan. Annuities may be subject to additional fees and expenses, to which other tax‐deferred funding vehicles may not be subject. However, an annuity does offer other features and benefits, such as lifetime income payments and death benefits, which may be valuable to you.