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Required Disclosure InformationThe Emory Clinic, Inc.Retirement Savings PlanParticipant Disclosure NoticeIMPORTANT PLAN AND INVESTMENTRELATED INFORMATIONProduced on February 12, 2018.
This Participant Disclosure Notice is being provided to you as required byfederal law because you are/will be eligible to participate or have a balance inThe Emory Clinic, Inc. Retirement Savings Plan (the "Plan") and have the right todirect investments.The Plan Administrator has directed Fidelity Investments ("Fidelity"), a Planservice provider, to collect, consolidate, and provide you with the information inthis Notice.What’s InsideSECTION 1:Helping You Manage Your Plan Account2 Accessing your Plan account statement Your communication preferencesInside, you will find the following: Information about managing your Plan accountCertain Plan information, including an explanation of the right to directinvestments, any Plan restrictions, and a description of the types of fees andexpenses associated with a Plan accountVarious details about the Plan’s investment options, which may includehistorical rates of return, benchmark information, expense ratios, and otherfees and restrictions that may be imposedPlease review these materials carefully. Please keep this information in mindwhen managing or monitoring any account you may have in the Plan. For moreinformation about participating in the Plan, or if you already have an accountwith Fidelity in The Emory Clinic, Inc. Retirement Savings Plan and would like tomake any changes, log on to www.fidelity.com/atwork.SECTION 2:Certain Plan Information for You to Review3 Understand the right to direct investments in the Plan Learn about restrictions applicable under the Plan Review the types of Plan administrative and individual fees andexpenses that may be deducted from your accountSECTION 3:Evaluating the Plan’s Investment Options6 Review information about the Plan’s investment options, includinghistorical or stated rates of return, fees and expenses, and restrictionsacross the available investment optionsNote: If this is your first time logging on to www.fidelity.com/atwork, you willneed to register and set up a username and password to access your account. Ifyou already have a username and password for a Fidelity site (includingNetBenefits from a previous employer), you do not need to register again.1
SECTION 1:SECTION 2:Helping You Manage Your Plan AccountCertain Plan Information for You to ReviewThis Participant Disclosure Notice (the "Notice") includes important Plan and investmentrelated information. Additional tools and other resources are available through your Plan’sWeb site. Your workplace savings plan is an important benefit, and you’ll want to monitoryour account periodically to help keep your savings plan on track.Accessing Your Plan Account StatementIf you have a Plan account, one way to monitor your retirement savings is to periodicallyreview your account statement. Your statement will also display any Plan administrative orindividual fees described in this Notice that have been deducted from your Plan account.Remember, on www.fidelity.com/atwork, you may do the following:Access your online Fidelity statement, which is continuously available, by logging on tothe Web site, clicking Quick Links for your applicable Plan(s) selecting Statements fromthe drop down list. Please check your account information frequently and promptly reviewcorrespondence, account statements, and confirmations as they are made available toyou. Contact Fidelity immediately if you see or suspect unauthorized activity, errors,discrepancies, or if you have not received your account statements or accountdocuments or information. Print your Fidelity statement. Keep in mind that you may obtain a paper version (free ofcharge) by calling your Plan’s toll-free number. Change the way Fidelity statements are delivered to you by logging on to your account and visiting Mail Preferences.For additional assistance, log on to www.fidelity.com/atwork or call 800-343-0860.Your Communication PreferencesPrefer Email? If you are receiving this Notice in print and would like to receive itelectronically, help us to serve you better by providing Fidelity with your email address.Simply visit www.fidelity.com/atwork and go to the Profile section. From there, select thePersonal & Contact Information tab to provide your email address and the Preferences tabto provide consent for Required Disclosures.This Participant Disclosure Notice provides certain information about your Plan. Your rightsunder the Plan are subject to the terms of the Plan. Please refer to your Plan’s SummaryPlan Description.Right to Direct InvestmentsYou have the right to direct your account balance and any future contributions among thePlan’s investment options, subject to any restrictions summarized below. To access yourPlan account with Fidelity, make any changes to your investment options, direct any futurecontributions, or seek additional information, log on to www.fidelity.com/atwork orcall 800-343-0860.Investment OptionsThe Plan offers a choice of investment options that allow you to create a diversifiedportfolio to help you meet your individual needs. The Plan’s investment options, along withcertain information about each of them, are listed in Section 3 of this Notice.Fidelity BrokerageLink The Plan also provides access to Fidelity BrokerageLink , which allows you to choose frominvestments beyond those options offered by the Plan. The Plan’s fiduciaries do notmonitor the investments available in BrokerageLink. This feature is intended for those whoare comfortable managing a portfolio of expanded investment choices.To utilize this feature, you must first open a separate brokerage account within the Plan. Toopen an account or if you have any questions about Fidelity BrokerageLink, please log onto www.fidelity.com/atwork or call 800-343-0860. Once you have opened an account,you may access, monitor, or change investments in BrokerageLink by contacting Fidelity.Any Plan-imposed restrictions related to BrokerageLink will be specified in the Restrictionssection of this Notice; any individual administration fees associated with BrokerageLink arereflected in the Individual Fees section of this Notice. When you access BrokerageLink,there is additional information regarding available investment choices, which you shouldread before making any investment decisions. If purchasing a mutual fund throughBrokerageLink, mutual fund minimums generally still apply. Prior to initiating a trade inBrokerageLink, you should review any fees associated with your transaction; please refer tothe Appendix at the end of this Notice for brokerage fees.RestrictionsVisit www.fidelity.com/atwork for information and resources to help you makeinformed investment decisions, including more detailed information on the Plan’sinvestment options.There may be certain restrictions on how investment directions may be made in the Plan,summarized as follows: Investment elections are not allowed for Non-Physicians. The initial exchange into BrokerageLink requires a 2,499 minimum. Additional exchanges into BrokerageLink require a 999 minimum.Any frequent trading restrictions imposed by the Plan and/or by the Plan’s investmentoptions are listed in Section 3 of this Notice. Keep in mind that restrictions are subjectto change.23
Exercising Voting, Tender, and Similar RightsYou have the right to exercise voting, tender, and similar rights related to the followinginvestments you may have in your Plan account. You will receive information regardingsuch rights and how to exercise them at the time of a vote, tender, or other event. Mutual FundsFees and ExpensesIf you have an account in the Plan, it may be subject to the following types of feesand expenses: Asset-based fees Plan administrative fees and expenses Individual fees and expensesAsset-Based FeesAsset-based fees reflect an investment option’s total annual operating expenses andinclude management and other fees. They are often the largest component of retirementplan costs and are paid by all shareholders of the investment option. Typically, asset-basedfees are reflected as a percentage of assets invested in the option and often are referred toas an "expense ratio." You may multiply the expense ratio by your balance in theinvestment option to estimate the annual expenses associated with your holdings. Refer toSection 3 of this Notice for information about the Plan’s investment options, including theirexpense ratios (where applicable).be deducted from the accounts of those individuals who utilize the service or engage inthe transaction.If you have an account in the Plan, and you select or execute the following service(s) ortransaction(s), the fee(s) outlined below may be deducted from your account based on theinformation and direction Fidelity had on file at the time this Notice was prepared. As youreview this information, please keep in mind that fees are subject to change and thatcertain individual fees may not be deducted in some circumstances.Type of Individual FeeAmountParticipant Hired Advisory(Adv) FeeVaries based on advisorLoan Setup Fee 35.00 per loanLoan Maintenance Fee 15.00 per year per loan deducted quarterlyOvernight Mailing Fee 25.00 per transactionAlso, please note that you may incur short-term redemption fees, commissions, and similarexpenses in connection with transactions associated with your Plan’s investment options.Please see Section 3 for details regarding the specific fees that may apply to theinvestment options available under the Plan.If any individual fees are deducted directly from your account, they will be reflectedon your Plan account statement.Asset-based fees are deducted from an investment option’s assets, thereby reducing itsinvestment return. Fee levels can vary widely among investment options, depending inpart on the type of investment option, its management (including whether it is active orpassive), and the risks and complexities of the option’s strategy. In some instances, a plan’sadministrative services may be paid for through offsets and/or payments associated with aplan’s investment options.Plan Administrative Fees and ExpensesPlan administrative fees may include recordkeeping, legal, accounting, trustee, and otheradministrative fees and expenses associated with maintaining the Plan. Some plans maydeduct these fees and expenses from individual accounts in the Plan.Based on the information and direction Fidelity had on file at the time this Notice wasprepared, no Plan administrative fees will be deducted from accounts in the Plan. However,the Plan’s administrative services may be paid for through offsets and/or paymentsassociated with one or more of the Plan’s investment options. Please keep in mind thatfees are subject to change.If any Plan administrative fees are deducted directly from your account, they will bereflected on your Plan account statement.Individual Fees and ExpensesIndividual fees and expenses include those associated with a service or transaction youmay select, or an investment option you hold in your account. In some instances, they may45
SECTION 3:Evaluating the Plan's Investment OptionsThis section provides information about the investment options in the Plan and reflects datarecordkept as of February 12, 2018, except for performance data, which is as of December31 of the prior year. Additional information about the Plan’s investment options, including aglossary of investment terms to help you better understand the Plan’s investment options, isavailable online athttps://netbenefits.fidelity.com/NBLogin/?option dcPlandetails. To request additionalinvestment-related information or a paper copy of certain information available online, freeof charge, contact a Fidelity representative at Fidelity Investments, P.O. Box # 770003,Cincinnati, OH 45277-0065 or call 800-343-0860.As you review this information, you may want to think about whether an investment in aparticular option, along with your other investments, will help you achieve your financialgoals. Keep in mind that the cumulative effect of fees and expenses can substantiallyreduce the growth of your retirement savings, but is only one of many factors to considerwhen you decide to invest in an option. Visit the Department of Labor’s Web site athttp://www.dol.gov/ebsa/publications/401k employee.html for an example of the longterm effect of fees and expenses.Variable Return InvestmentsUnderstanding investment performance: As you review the following information,please remember that the performance data stated represents past performance,which does not guarantee future results. Investment return and principal value of aninvestment will fluctuate; therefore, you may have a gain or loss when you sell yourshares. Current performance may be higher or lower than the performance stated andis available atwww.fidelity.com/atwork.The chart below lists the Plan’s investment options that do not have a fixed or stated rate ofreturn, and underneath each investment option is an applicable benchmark(s) for thatoption. A benchmark is a standard against which the performance of a security, mutualfund, or investment manager can be measured. This Notice requires that a broad-basedmarket index be listed on the chart for each investment option. Additional benchmarks foran investment option may be available online athttps://netbenefits.fidelity.com/NBLogin/?option dcPlandetails along with benchmarkindex definitions. Please note that the benchmark to measure and monitor performancemay be different from the benchmark displayed in the chart. Keep in mind that you cannotinvest in a benchmark index.Fees and ExpensesAverage Annual Total Returnas of 12/31/2017Investment NameBenchmark(s)1 YearAnnual GrossExpense RatioShareholder Fees ExcessiveTradingRestrictionsOtherRestrictions5 Year10 Year (if less,since Inception*)InceptionDateAs a %Per 1,00002/17/19880.035% 0.35Yes§N/A11/06/20030.440% 4.40Yes§N/AREADY-MIXED INVESTMENT OPTIONSAsset Class: StocksFidelity 500 Index Fund Premium Class21.79%15.74%8.47%S&P 50021.83%15.79%8.50%Fidelity Freedom 2005 Fund Class K10.45%5.64%3.99%BBgBarc U.S. Agg Bond3.54%2.10%4.01%FID FF 2005 Comp Idx9.25%5.69%4.18%Asset Class: Blended Investments67
Fees and ExpensesAverage Annual Total Returnas of 12/31/2017Investment NameBenchmark(s)1 YearAnnual GrossExpense RatioShareholder Fees ExcessiveTradingRestrictionsOtherRestrictions5 Year10 Year (if less,since Inception*)InceptionDateAs a %Per 1,00010/17/19960.470% 4.70Yes§N/A11/06/20030.500% 5.00Yes§N/A10/17/19960.540% 5.40Yes§N/A11/06/20030.570% 5.70Yes§N/A10/17/19960.610% 6.10Yes§N/A11/06/20030.640% 6.40Yes§N/A09/06/20000.640% 6.40Yes§N/AAsset Class: Blended Investments (cont'd)Fidelity Freedom 2010 Fund Class K12.52%6.82%4.77%BBgBarc U.S. Agg Bond3.54%2.10%4.01%FID FF 2010 Comp Idx11.09%6.98%5.12%Fidelity Freedom 2015 Fund Class K14.30%7.48%4.93%S&P 50021.83%15.79%8.50%FID FF 2015 Comp Idx12.99%7.73%5.35%Fidelity Freedom 2020 Fund Class K15.71%8.11%4.86%S&P 50021.83%15.79%8.50%FID FF 2020 Comp Idx14.32%8.40%5.43%Fidelity Freedom 2025 Fund Class K16.87%9.07%5.26%S&P 50021.83%15.79%8.50%FID FF 2025 Comp Idx15.57%9.54%6.07%Fidelity Freedom 2030 Fund Class K19.86%10.06%5.24%S&P 50021.83%15.79%8.50%FID FF 2030 Comp Idx18.43%10.59%6.15%Fidelity Freedom 2035 Fund Class K22.01%11.04%5.59%S&P 50021.83%15.79%8.50%FID FF 2035 Comp Idx20.73%11.75%6.74%Fidelity Freedom 2040 Fund Class K22.38%11.17%5.53%S&P 50021.83%15.79%8.50%FID FF 2040 Comp Idx20.95%11.88%6.70%89
Fees and ExpensesAverage Annual Total Returnas of 12/31/2017Investment NameBenchmark(s)1 YearAnnual GrossExpense RatioShareholder Fees ExcessiveTradingRestrictionsOtherRestrictions5 Year10 Year (if less,since Inception*)InceptionDateAs a %Per 1,00006/01/20060.640% 6.40Yes§N/A06/01/20060.640% 6.40Yes§N/A06/01/20110.640% 6.40Yes§N/A08/05/20140.640% 6.40Yes§N/A10/17/19960.420% 4.20Yes§N/A02/05/19900.420% 4.20N/AN/AAsset Class: Blended Investments (cont'd)Fidelity Freedom 2045 Fund Class K22.36%11.28%5.54%S&P 50021.83%15.79%8.50%FID FF 2045 Comp Idx20.95%12.00%6.73%Fidelity Freedom 2050 Fund Class K22.33%11.31%5.31%S&P 50021.83%15.79%8.50%FID FF 2050 Comp Idx20.95%12.05%6.60%Fidelity Freedom 2055 Fund Class K22.37%11.46%9.17%*S&P 50021.83%15.79%13.77%*FID FF 2055 Comp Idx20.95%12.27%10.43%*Fidelity Freedom 2060 Fund Class K22.21%N/A9.53%*S&P 50021.83%N/A12.55%*FID FF 2060 Comp Idx20.95%N/A9.23%*Fidelity Freedom Income Fund Class K8.14%4.23%3.90%BBgBarc U.S. Agg Bond3.54%2.10%4.01%FID FF Income Comp Idx7.10%4.09%3.64%Fidelity Government MoneyMarket Fund† 0.51%0.12%0.32%7-Day Yield % as of 12/31/2017: 0.910.84%0.24%0.34%Asset Class: Short-Term7-Day Restated Yield as of12/31/2017: 0.86CG 3-Month Treasury Bill1011
Fees and ExpensesAverage Annual Total Returnas of 12/31/2017Investment NameBenchmark(s)Annual GrossExpense RatioShareholder Fees ExcessiveTradingRestrictionsOtherRestrictions1 Year5 Year10 Year (if less,since Inception*)InceptionDateAs a %Per 1,000Fidelity Contrafund - Class K32.34%16.54%9.08%05/17/19670.580% 5.80Yes§N/AS&P 50021.83%15.79%8.50%Fidelity Diversified InternationalFund - Class K26.79%8.93%2.35%12/27/19910.820% 8.20Yes§N/AMSCI EAFE (Net MA)25.29%8.07%2.10%Fidelity Extended Market IndexFund - Premium Class18.18%14.58%9.28%11/05/19970.070% 0.70Yes§N/ADJ US Completion TSM18.12%14.43%9.15%Fidelity International DiscoveryFund - Class K31.86%9.09%2.63%12/31/19860.820% 8.20Yes§N/AMSCI EAFE (Net MA)25.29%8.07%2.10%Fidelity International Index Fund- Premium Class25.35%7.74%2.09%11/05/19970.060% 0.60Yes§N/AMSCI EAFE (Net MA)25.29%8.07%2.10%Fidelity Low-Priced Stock Fund Class K20.79%13.66%9.25%12/27/19890.580% 5.80Yes§N/ARussell 200014.65%14.12%8.71%Fidelity 13.84%12.87%7.15%03/12/19981.020% 10.20Yes§N/ARussell 200014.65%14.12%8.71%Fidelity Total Market Index Fund- Institutional Class21.16%15.53%8.65%11/05/19970.030% 0.30Yes§N/ADJ US Total Stk Mkt21.16%15.52%8.66%Vanguard Growth and IncomeFund Admiral Shares20.80%15.93%8.23%12/10/19860.230% 2.30Yes§N/AS&P 50021.83%15.79%8.50%Vanguard U.S. Value Fund InvestorShares12.97%14.71%7.65%06/29/20000.230% 2.30Yes§N/ARussell 3000 Value13.19%13.95%7.19%CORE FUNDSAsset Class: Stocks12Small Cap Stock Fund13
Fees and ExpensesAverage Annual Total Returnas of 12/31/2017Investment NameBenchmark(s)Annual GrossExpense RatioShareholder Fees ExcessiveTradingRestrictionsOtherRestrictions1 Year5 Year10 Year (if less,since Inception*)InceptionDateAs a %Per 1,000Fidelity Total Bond Fund4.18%2.80%4.90%10/15/20020.450% 4.50Yes§N/ABBgBarc U.S. Agg Bond3.54%2.10%4.01%Fidelity U.S. Bond Index Fund Premium Class3.47%2.01%3.82%03/08/19900.045% 0.45Yes§N/ABBgBarc U.S. Agg Bond3.54%2.10%4.01%Fidelity Blue Chip Growth Fund Class K36.20%18.82%11.29%12/31/19870.590% 5.90Yes§N/ARussell 1000 Growth30.21%17.33%10.00%Fidelity Capital AppreciationFund - Class K24.06%14.52%8.56%11/26/19860.410% 4.10Yes§N/AS&P 50021.83%15.79%8.50%Fidelity Disciplined Equity Fund Class K21.66%14.75%5.94%12/28/19880.440% 4.40Yes§N/AS&P 60% 5.60Yes§N/ARussell 3000 Value13.19%13.95%7.19%Fidelity Growth Company Fund Class K36.90%19.87%11.59%01/17/19830.750% 7.50Yes§N/ARussell 3000 Growth29.59%17.16%9.93%Fidelity 17.00%15.26%8.89%11/15/20010.730% 7.30Yes§N/ARussell Midcap Value13.34%14.68%9.10%Fidelity 18.80%14.64%8.45%03/29/19940.460% 4.60Yes§N/AS&P MidCap 40016.24%15.01%9.97%Fidelity Small Cap Growth Fund29.01%17.85%9.54%11/03/20041.090% 10.90Yes§N/ARussell 2000 Growth22.17%15.21%9.19%Asset Class: BondsOTHER INVESTMENTS FUNDSAsset Class: StocksFidelity Equity-Income Fund -Class KMid Cap Value FundMid-Cap Stock Fund -Class K1415
Fees and ExpensesAverage Annual Total Returnas of 12/31/2017Investment NameBenchmark(s)Annual GrossExpense RatioShareholder Fees ExcessiveTradingRestrictionsOtherRestrictions1 Year5 Year10 Year (if less,since Inception*)InceptionDateAs a %Per 1,00012.26%14.38%10.44%11/03/20040.990% 9.90Yes§N/ARussell 2000 Value7.84%13.01%8.17%Fidelity Trend Fund29.42%16.69%9.37%06/16/19580.740% 7.40Yes§N/ARussell 1000 Growth30.21%17.33%10.00%Fidelity Value Discovery Fund Class K14.29%14.46%6.77%12/10/20020.630% 6.30Yes§N/ARussell 3000 Value13.19%13.95%7.19%Fidelity 29.54%11.99%5.78%05/30/19900.810% 8.10Yes§N/AMSCI World (Net MA)22.93%12.11%5.47%Vanguard 500 Index Fund InvestorShares21.67%15.62%8.37%08/31/19760.140% 1.40Yes§N/AS&P 50021.83%15.79%8.50%Vanguard Capital OpportunityFund Admiral Shares29.18%20.04%10.84%08/14/19950.370% 3.70Yes§N/ARussell Midcap Growth25.27%15.30%9.10%Vanguard Developed MarketsIndex Fund Investor Shares26.31%8.17%2.25%08/17/19990.170% 1.70Yes§N/AFTSE Dev Ex North Amer27.09%8.56%2.71%Vanguard Dividend Growth FundInvestor Shares19.33%14.14%8.98%05/15/19920.300% 3.00Yes§N/ARussell 100021.69%15.71%8.59%Vanguard Equity-Income FundAdmiral Shares18.49%14.75%8.84%03/21/19880.170% 1.70Yes§N/ARussell 1000 Value13.66%14.04%7.10%Vanguard Explorer Fund AdmiralShares23.10%14.82%8.91%12/11/19670.340% 3.40Yes§N/ARussell 2500 Growth24.46%15.47%9.62%Asset Class: Stocks (cont'd)Fidelity Small Cap Value Fund16Worldwide Fund17
Fees and ExpensesAverage Annual Total Returnas of 12/31/2017Investment NameBenchmark(s)Annual GrossExpense RatioShareholder Fees ExcessiveTradingRestrictionsOtherRestrictions1 Year5 Year10 Year (if less,since Inception*)InceptionDateAs a %Per 1,000Vanguard Extended Market IndexFund Investor Shares17.94%14.43%9.13%12/21/19870.210% 2.10Yes§N/AS&P Completion (TR)18.11%14.49%9.17%Vanguard Global Equity FundInvestor Shares27.78%12.58%4.95%08/14/19950.480% 4.80Yes§N/AMSCI AC World (N)23.97%10.80%4.65%Vanguard Growth Index FundInvestor Shares27.65%15.92%9.36%11/02/19920.180% 1.80Yes§N/ACRSP US Lg Cap Gr Idx27.86%16.02%8.92%Vanguard International ExplorerFund Investor Shares38.77%13.37%5.49%11/04/19960.410% 4.10Yes§N/AS&P EPAC SmallCap33.97%13.07%5.56%Vanguard International GrowthFund Admiral Shares43.16%11.02%4.74%09/30/19810.320% 3.20Yes§N/AMSCI AC Wld ex US (G)27.77%7.28%2.31%Vanguard International Value FundInvestor Shares27.96%7.35%2.04%05/16/19830.430% 4.30Yes§N/AMSCI AC Wld ex US (N)27.19%6.80%1.84%Vanguard Mid-Cap Growth FundInvestor Shares22.01%12.80%8.19%12/31/19970.360% 3.60Yes§N/ARussell Midcap Growth25.27%15.30%9.10%Vanguard Mid-Cap Index FundInvestor Shares19.12%14.87%8.78%05/21/19980.180% 1.80Yes§N/ACRSP US Mid Cap Index19.30%15.07%8.79%Vanguard Morgan Growth FundAdmiral Shares29.99%16.57%8.70%12/31/19680.280% 2.80Yes§N/ARussell 3000 Growth29.59%17.16%9.93%Asset Class: Stocks (cont'd)1819
Fees and ExpensesAverage Annual Total Returnas of 12/31/2017Investment NameBenchmark(s)Annual GrossExpense RatioShareholder Fees ExcessiveTradingRestrictionsOtherRestrictions1 Year5 Year10 Year (if less,since Inception*)InceptionDateAs a %Per 1,000Vanguard PRIMECAP Core FundInvestor Shares26.23%18.38%11.05%12/09/20040.460% 4.60Yes§N/AMSCI US Prime Mkt 75021.97%15.78%8.64%Vanguard PRIMECAP FundAdmiral Shares29.60%19.61%11.06%11/01/19840.320% 3.20Yes§N/AS&P 50021.83%15.79%8.50%Vanguard Selected Value FundInvestor Shares19.51%15.11%9.44%02/15/19960.350% 3.50Yes§N/ARussell Midcap Value13.34%14.68%9.10%Vanguard Small CapitalizationGrowth Index Fund InvestorShares21.78%13.45%9.23%05/21/19980.190% 1.90Yes§N/A21.90%13.59%8.92%Vanguard Small CapitalizationIndex Fund Investor Shares16.10%14.30%9.54%10/03/19600.180% 1.80Yes§N/ACRSP US Sm Cap Index16.24%14.54%10.03%Vanguard Small CapitalizationValue Index Fund Investor Shares11.67%14.82%9.63%05/21/19980.190% 1.90Yes§N/ACRSP US Sm Cap Val Idx11.83%15.32%11.15%Vanguard Total International StockIndex Fund Investor Shares27.40%7.03%1.87%04/29/19960.180% 1.80Yes§N/AFTSE Global All Cap x US27.77%7.66%2.66%Vanguard Total Stock MarketIndex Fund Investor Shares21.05%15.42%8.60%04/27/19920.150% 1.50Yes§N/ACRSP US Total Mkt Index21.19%15.58%8.74%Vanguard U.S. Growth PortfolioFund Investor Shares31.60%16.76%9.10%01/06/19590.430% 4.30Yes§N/ARussell 1000 Growth30.21%17.33%10.00%Asset Class: Stocks (cont'd)CRSP US Sm Cap Gr Idx2021
Fees and ExpensesAverage Annual Total Returnas of 12/31/2017Investment NameBenchmark(s)Annual GrossExpense RatioShareholder Fees ExcessiveTradingRestrictionsOtherRestrictions1 Year5 Year10 Year (if less,since Inception*)InceptionDateAs a %Per 1,000Vanguard Value Index FundInvestor Shares16.99%15.21%7.51%11/02/19920.180% 1.80Yes§N/ACRSP US Lg Cap Val 50% 6/19860.460% 6/19470.460% 4.60Yes§N/A21.83%15.79%8.50%Vanguard Star Fund InvestorShares18.33%9.75%6.67%03/29/19850.320% 3.20Yes§N/ASTAR Composite Index15.24%8.96%6.25%Vanguard Target Retirement 2015Fund Investor Shares11.50%7.25%5.23%10/27/20030.130% 1.30Yes§N/ABBgBarc U.S. Agg Bond3.54%2.10%4.01%MSCI US Broad Mkt (G)21.21%15.63%8.75%Vanguard Target Retirement 2025Fund Investor Shares15.94%9.36%5.79%10/27/20030.140% 1.40Yes§N/AMSCI US Broad Mkt (G)21.21%15.63%8.75%10/27/20030.140% 1.40Yes§N/AAsset Class: Stocks (cont'd)Windsor VanguardAdmiral SharesII FundRussell 1000 ValueAsset Class: Blended InvestmentsFidelity Balanced Fund - Class KS&P 500Fidelity Puritan Fund - Class KS&P 500BBgBarc U.S. Agg Bond3.54%2.10%4.01%Vanguard Target Retirement 2035Fund Investor Shares19.12%10.90%6.18%MSCI US Broad Mkt (G)21.21%15.63%8.75%BBgBarc U.S. Agg Bond3.54%2.10%4.01%2223
Fees and ExpensesAverage Annual Total Returnas of 12/31/2017Investment NameBenchmark(s)1 YearAnnual GrossExpense RatioShareholder Fees ExcessiveTradingRestrictionsOtherRestrictions5 Year10 Year (if less,since Inception*)InceptionDateAs a %Per 1,00007/01/19290.160% 1.60Yes§N/A11/01/19770.730% 7.30Yes§N/A05/23/19750.450% 4.50Yes§N/A08/06/19710.450% 4.50Yes§N/A05/01/19980.700% 7.00Yes§N/A12/11/19860.150% 1.50Yes§N/A01/05/19880.420% 4.20N/AN/AAsset Class: Blended Investments (cont'd)Vanguard Wellington FundAdmiral Shares14.82%10.95%7.60%S&P 50021.83%15.79%8.50%11.64%7.36%8.38%ICE BAML US HY/HY Const B7.48%5.81%7.96%Fidelity Intermediate Bond Fund2.31%1.67%3.68%BBgBarc Int Govt/Cr Bond2.14%1.50%3.32%Fidelity Investment Grade BondFund3.91%2.30%4.14%BBgBarc U.S. Agg Bond3.54%2.10%4.01%Fidelity 7.99%3.78%6.02%BBgBarc US Universal4.09%2.50%4.33%Vanguard Total Bond MarketIndex Fund Investor Shares3.46%1.91%3.84%BBgBarc Agg Float Adj3.63%2.10%--Fidelity Treasury Only MoneyMarket Fund 0.47%0.10%0.21%7-Day Yield % as of 12/31/2017: 0.910.84%0.24%0.34%Asset Class: BondsFidelity Capital & Income FundStrategic Income FundAsset Class: Short-TermCG 3-Month Treasury BillN/A Not Applicable/None Some-- Not Availableoutside investment and vendor information may not be available to Fidelity. When "N/A"does not appear and no shareholder fee is shown, it is due to the fact that our recordkeepingsystem does not have a shareholder fee(s) on file. Nevertheless, there may be shareholder feesassociated with the investment option. If a shareholder fee is shown, please keep in mind theremay be other fees associated with the investment that our recordkeeping system does not have onfile. More information may be found in the prospectus and/or other investment-relatedinformation, as well as by contacting the outside investment manager or vendor directly.24Investment Restrictions§ Excessive trading in this investment option and/or other investment options subject to suchrestrictions will result in the limitation or prohibition of additional purchases (other thancontributions and loan repayments) for 85 calendar days; additional excessive trading will result ina limitation of one exchange day per calendar quarter for a 12-month period.Additional Investment Information* Performance provided is Life of Fund, which is since the inception date noted, when theinvestment option has been in existence for less than 10 years. Life of fund figures are from theinception date to the period shown. For unitized funds, the inception date shown may be that of25
the fund’s underlying investment option. For non-mutual fund pools and trusts whose strategiesmay be offered to multiple clients and whose returns may be based on a composite, the inceptiondate shown may be the beginning date of the composite’s returns.Total returns are historical and include change in share price and reinvestment of dividends andcapital gains, if any. These figures do not include the effect of sales charges, if any, as these feesare waived for contributions made through your retirement plan. If sales charges were included,returns would have been lower.The current yield reflects the current earnings of the fund, while the total return refers to a specificpast holding period. The 7-Day Yield is based on a calculation prescribed by the SEC. It is theaverage income return over the previous seven days, assuming the rate stays the same for one yearand that dividends are reinvested. It is the fund’s total income net of expenses, divided by the totalnumber of outstanding shares. This yield does not allow for the inclusion of capital gains or losses.† A portion of the fund’s expenses was voluntarily reimbursed and/or waived. "Restated Yield" isthe 7-Day Yield without applicable waivers or reimbursements.Please see the Additional Disclosure Information section at the back of this Notice for additionalinformation, including performance and index disclosures.Expense RatioExpense ratio is a measure of what it costs to operate an investment, expressed as a percentage ofits assets, as a dollar amount, or in basis points. These are costs the investor pays through areduction in the investment’s rate of return, and are required to be disclosed on the chart as agross amount. For a mutual fund, the gross expense ratio is the total annual fund or class operatingexpenses (before waivers or reimbursements) paid by the fund. Where the investment option is nota mutua
The Emory Clinic, Inc. Retirement Savings Plan (the "Plan") and have the right to direct investments. The Plan Administrator has directed Fidelity Investments ("Fidelity"), a Plan service provider, to collect, consolidate, and provide you with the information in this Notice. Inside, you will find the following:
