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PrintEffective April 3, 2018Nokia Savings/401(k) PlanAnnual Fee and Expense Disclosure
Nokia Savings/401(k) PlanAnnual Fee and Expense DisclosureHomePrint Effective April 3, 2018Important InformationThis document contains important information about the investment fundperformance and fees and expenses under the Nokia Savings/401(k) Plan. Nospecific action is required of you. However, you should carefully consider theinformation contained in this document, along with other information availableto you concerning the Plan and its investment funds (including, but not limitedto, the Plan’s Summary Plan Description and Fund Fact Sheets) when makingdecisions regarding the investment of your Plan account. Your rights underthe Plan are subject to the terms of the Plan outlined in the Plan’s SummaryPlan Description.Plan-Related InformationYour Right to Direct the Investment of Your Plan AccountYou have the right to direct how you want the balance in your Plan accountto be invested subject to certain limitations as described more fully below.Because you control the investment of your Plan account, the Plan’s fiduciariesare relieved of liability for any losses that are the result of investmentinstructions given by you.Investment Funds. The Plan’s investment funds are intended for long-terminvestment purposes and are not managed or intended to serve as short-termtrading vehicles. Accordingly, your right to give investment instructions inyour Plan account is subject to certain restrictions on “frequent trading.”Frequent trading occurs when participants move their balances into and outof investment funds in a relatively short period of time. Frequent tradingincreases the cost of operating an investment fund, which in turn reducesthe return to all the fund’s participants. The Plan has adopted the followingpolicy in connection with frequent trading: Participants who transfer money out of one of the Plan’s investment fundswill not be able to make a transfer back into that same investment fundfor a period of 30 calendar days. Note: This restriction does not apply totransfers out of or back into the Money Market Fund.In addition, each of the investment managers for the Plan’s investment fundsmaintains a cash balance (i.e., liquidity) in the investment fund intended tosatisfy: 1) daily trading activity of the investment fund, and 2) net participantfund transfers, loans, in-service withdrawals and distributions. If, due tounusual participant or market activity, an investment fund has insufficientliquidity to satisfy 1) or 2) above, fund transfers, loans, in-service withdrawalsand/or distributions may be temporarily suspended.Limitations on Your Ability to Give Investment InstructionsThere are a number of restrictions on your ability to give investmentinstructions with respect to your Plan account.2
HomeNokia Savings/401(k) PlanAnnual Fee and Expense DisclosureSelf-Directed Brokerage Account. If you have a self-directed brokerageaccount in the Plan, you are restricted from certain types of trading andalso investing in certain securities. Specifically, margin trading and shortsales are not permitted. Also, you may not invest in any of the following:annuities, commodities, currencies, foreign securities (securities tradedon non-United States securities exchanges), futures contracts, municipalbonds, options, precious metals, private placements (including privatelyheld limited partnerships), and tax-exempt securities.Investments in Self-Directed Brokerage Accounts may be subject toUnrelated Business Income Tax (UBIT). The participant will be responsiblefor any UBIT charged against their investments.Professional Management Program. If you enroll in the Plan’s ProfessionalManagement program (the “Program”) (see Designated Investment Manager),you will have delegated all your powers, duties and responsibilities withrespect to the investment, reinvestment and allocation of your Planaccount (excluding any restricted investments as specified in your Programagreement) to Alight Financial Advisors, LLC (“AFA”) (formerly known as AonHewitt Financial Advisors). If you also elect the Income feature, when yourequest distributions from your Plan account through Income , you will alsohave delegated to AFA all powers, duties and responsibilities necessary toeffectuate such distributions, including without limitation the power for AFAto specify the time and amount of distributions and to instruct the Plan’srecordkeeper and other parties as needed to process distribution requests.Print Effective April 3, 2018Plan Administrative CostsPlan administrative costs include audit and legal fees, participantcommunications costs, fiduciary services costs, investment advice fees,plan administrator costs, recordkeeping fees and trustee/custodial fees. AllPlan participants share ratably in the cost of administering the Plan, basedon their entire Plan account balance, including any balance in a self-directedbrokerage account. The process by which Plan administrative costs areassessed against your Plan account is as follows: W ith respect to the portion of your account balance invested in the Plan’sinvestment funds, Plan administrative costs are paid directly out of thePlan’s investment funds. In this way, the costs you bear are proportionalto your balances in those funds. Since the fees and expenses are deducteddirectly from the Plan’s investment funds, you will not see a separatededuction from your Plan account. Information regarding all of the feesand expenses that were charged to the Plan’s investment funds in the prioryear is set forth in the section entitled Investment-Related Information. W ith respect to the portion of your account balance you invest througha self-directed brokerage account, the Plan assesses Plan administrativecosts using the same rate as for the Plan’s investment funds based uponyour self-directed brokerage account balance. Since those costs cannotbe paid directly from your self-directed brokerage account assets, theamount is deducted quarterly from your balance in the Plan’s investmentfund(s) (ratably across all such funds). As discussed in the section entitledSelf-Directed Brokerage Account Offered Under the Plan, you are requiredto leave a minimum of 500 invested in the Plan’s investment funds.3
HomeNokia Savings/401(k) PlanAnnual Fee and Expense DisclosurePrint Effective April 3, 2018Service-Specific FeesSome fees are charged directly to the accounts of those Plan participants who incur them. If you incur a service-specificfee, it will appear on your quarterly Plan account statement, unless the fee you incur is a trade-related commission or feein a self-directed brokerage account. In that case, the fee will appear on the trade confirmation at the time the trade wasprocessed. The service-specific fees that a Plan participant might incur are as follows:ServiceFeeDomestic RelationsOrders FeeYou will pay a 500 fee when a domestic relations order is processed on your account. (This occurswhen a court awards a portion of your account to another person due to a divorce settlement.)The fee is deducted upon receipt of the order.ProfessionalManagementProgram FeesIf you are enrolled in the Professional Management program offered by the Plan through Alight FinancialAdvisors, LLC, you will be charged a fee that is based on the size of your account: Up to the first 100,0000.45% of assets The next 100,001 to 250,0000.35% of assets 250,001 or more0.20% of assetsThe fee is calculated based on the average weighted month-end Plan account balance for a calendarquarter and is debited from your Plan account at the start of the following quarter.Self-DirectedBrokerageAccount FeesDepending upon the investments purchased and sold in a self-directed brokerage account, othercommissions and fees may apply and will be charged within your self-directed brokerage account.Before you purchase or sell securities through a self-directed brokerage account, you should findout about any fees associated with the purchase or sale of the particular investment you aretrading. You can obtain a schedule of applicable trading fees and commissions online by logging into your account at http://resources.hewitt.com/nokia or by contacting an Alight Financial Solutionsrepresentative at 1-800-890-3200.There are no ongoing fees for maintaining access to the self-directed brokerage account; however, asdescribed in the Plan Administrative Costs section on the previous page, Plan administrative costs areassessed based on your balance. For actual Plan administrative costs assessed to your self-directedbrokerage account balance in 2017, see page 13.4
Nokia Savings/401(k) PlanAnnual Fee and Expense DisclosureSelf-Directed Brokerage Account Offered Under the PlanYou may also utilize a self-directed brokerage account offered under the Plan viaAlight Financial Solutions (“AFS”) (formerly known as Hewitt Financial Services).A self-directed brokerage account allows you to make investments in your Planaccount beyond the investment funds offered under the Plan. (There are certainlimitations on investing through your self-directed brokerage account. SeeSelf-Directed Brokerage Account under Limitations on Your Ability to GiveInvestment Instructions.) A self-directed brokerage account may entail greaterrisk and is not appropriate for everyone. A self-directed brokerage accountmay be appropriate for you if you are willing to be exposed to additional riskand if you are prepared to take on the additional responsibility of more closelymanaging and monitoring this portion of your portfolio. Investments availablethrough the self-directed brokerage account are neither reviewed nor monitoredby Nokia or the Plan, nor can you receive the Online Advice or ProfessionalManagement services offered by the Plan through Alight Financial Advisors, LLCwith respect to a self-directed brokerage account.HomePrint Effective April 3, 2018Once you have signed up for a self-directed brokerage account, you can goto http://resources.hewitt.com/nokia and transfer amounts from theportion of your Plan account invested in the Plan’s investment funds intoyour self-directed brokerage account. Your initial transfer into the brokerageaccount must be at least 2,500. Subsequent transfers must be at least 500, and you are required to leave a minimum of 500 invested in thePlan’s investment funds. If you do not maintain this minimum balance inthe Plan’s investment funds, Alight Financial Solutions may, in its discretion,liquidate one or more investments in accordance with the terms of yourSelf-Directed Brokerage Account Plan Participant Agreement. Dependingon the investments liquidated, other commissions and fees may apply.Actual investment trades in a self-directed brokerage account are conductedthrough the www.alightfinancialsolutions.com website or by contacting anAlight Financial Solutions representative at 1-800-890-3200 between thehours of 9:00 a.m. and 7:00 p.m., ET.You are solely responsible for choosing and monitoring investments ina self-directed brokerage account. For retail investments, there isinformation available to all investors (e.g., a mutual fund prospectus).You can request that a copy of a fund prospectus be sent to you from thewww.alightfinancialsolutions.com website, by contacting an Alight FinancialSolutions representative at 1-800-890-3200 between the hours of 9:00 a.m.and 7:00 p.m., Eastern Time (ET), or by going to the fund’s website directly.Uninvested cash balances in your Self-Directed Brokerage Account areautomatically invested (i.e., “swept”) into a cash fund at the close of eachbusiness day. A link to the most recent prospectus for the cash fund, whichincludes fees associated with this fund, can be found in the KnowledgeCenter under disclosures in your brokerage account. If you wish to investyour cash balance into other securities, it is your responsibility to monitoravailable balances and to direct AFS via the online portal or an Alight FinancialSolutions representative to make the appropriate transactions.5
HomeNokia Savings/401(k) PlanAnnual Fee and Expense DisclosurePrint Effective April 3, 2018Investment-Related InformationInvestment Funds Offered Under the PlanThe Plan offers a broad array of investment funds from which to choose. Eachfund offers differing levels of risk and potential for return. You may invest inany one or a combination of these investment funds. More detailed informationabout the Plan’s investment funds is contained in the Fund Fact Sheets. (Seethe section Where to Get Additional Information.) Additional informationconcerning the Retirement Date Funds is set forth in the Appendix. In additionto being able to select from the investment funds offered under the Plan, thePlan offers you a self-directed brokerage account to customize your portfolioor supplement the investment funds offered under the Plan.Each of the investment funds is either a “separate account” fund or aninstitutional commingled fund. There are no mutual funds offered underthe Plan (although, if you desire, you can invest in mutual funds through aself-directed brokerage account). A separate account is an institutionalinvestment account managed by an investment manager(s) for a single planor trust that does not get commingled with any other plan’s or trust’s assets.A separate account in the Plan is only available to Plan participants and isnot offered for sale to the general public. A separate account is not a mutualfund and is not required to file a prospectus with the Securities and ExchangeCommission (SEC). A commingled fund is an investment fund created by a bankor trust company for employee benefit plans, such as 401(k) plans, that poolsthe assets of more than one employee benefit plan or trust for investmentpurposes. Commingled funds are governed by rules and regulations that applyto banks and trust companies. They are not registered with the SEC. These fundsare also referred to as collective investment funds.6
HomeNokia Savings/401(k) PlanAnnual Fee and Expense DisclosureAsset ClassFixed IncomeReal AssetsEquitiesRetirement Date FundsPrint Effective April 3, 2018Fund NameFund TypeMoney Market FundInstitutional Commingled FundShort Term Bond FundSeparate AccountCore Bond Fund*Institutional Commingled FundBond FundSeparate AccountTreasury Inflation-Linked Bond Fund*Separate AccountHigh Yield Bond Fund*Separate AccountBalanced Real Asset FundInstitutional Commingled FundCustomized Real Asset Fund*Institutional Commingled FundUS Large Cap Equity Index Fund*Institutional Commingled FundUS Large Cap Value Equity FundSeparate AccountUS Large Cap Value Equity Fund 1*Separate AccountUS Large Cap Value Equity Fund 2*Separate AccountUS Large Cap Value Equity Fund 3*Separate AccountUS Equity Index FundInstitutional Commingled FundUS Large Cap Growth Equity FundSeparate AccountUS Large Cap Growth Equity Fund 1*Separate AccountUS Large Cap Growth Equity Fund 2*Separate AccountUS Mid Cap Equity FundSeparate AccountUS Small Cap Equity FundSeparate AccountInternational Equity Index FundInstitutional Commingled FundInternational Equity FundSeparate AccountInternational Developed Markets Equity Fund 1*Separate AccountInternational Developed Markets Equity Fund 2*Separate AccountEmerging Markets Equity Fund*Institutional Commingled FundRetirement Date Income FundSeparate AccountRetirement Date 2000 FundSeparate AccountRetirement Date 2005 FundSeparate AccountRetirement Date 2010 FundSeparate AccountRetirement Date 2015 FundSeparate AccountRetirement Date 2020 FundSeparate AccountRetirement Date 2025 FundSeparate AccountRetirement Date 2030 FundSeparate AccountRetirement Date 2035 FundSeparate AccountRetirement Date 2040 FundSeparate AccountRetirement Date 2045 FundSeparate AccountRetirement Date 2050 FundSeparate AccountRetirement Date 2055 FundSeparate AccountThe investment funds offered underthe Plan as of April 3, 2018, alongwith their asset class and accounttype, are listed in the table at left.The current investment manager(s)of each fund available for directparticipant investment can be foundin the Plan’s Fund Fact Sheets. Somefunds listed at left are only availableby investing in multi-manager fundsand are not available for directparticipant investment. Managersof the investment funds may changefrom time to time consistent withachieving the overall investmentobjectives of the funds.* T hese funds are only available in multi-manager funds and are not available for direct participant investment. You can request additional information about thesefunds by contacting the Nokia Benefits Resource Center.7
HomeNokia Savings/401(k) PlanAnnual Fee and Expense DisclosurePrint Effective April 3, 2018Designated Investment ManagerPerformance InformationThe Plan offers the opportunity for participants to have their Plan accountprofessionally managed by the Plan’s designated investment manager, AFA.This program is called “Professional Management.”The table on pages 10–11 shows performance information for the Plan’sinvestment funds as of December 31, 2017. As you review performanceinformation, remember that the performance shown is past performance.Past performance does not guarantee future results. Also, periods of marketstrength may not be repeated, and share/unit price, yield and return willfluctuate. Current performance may be higher or lower than what is shown.Because of performance fluctuations, you could have a gain or loss in yourPlan account when you sell your shares/units. The performance informationis shown net of all fees and expenses (fund operating expenses and eachinvestment fund’s share of Plan administrative expenses). See the sectionFees and Expenses for more information.Under Professional Management, AFA will determine an initial allocation ofyour Plan account from among the investment alternatives available in thePlan (not including the Self Directed Brokerage feature) and will thereafterbe responsible for periodic monitoring and reallocation of your Plan account.If you enroll in Professional Management, you delegate certain powers,duties and responsibilities with respect to your Plan account (excluding anyrestricted investments as specified in the Program agreement) to AFA (seeLimitations on Your Ability to Give Investment Instructions). There is anadditional fee for Professional Management (see Service-Specific Fees).AFA is a federally registered investment advisor and wholly-owned subsidiaryof Alight Solutions LLC (formerly known as Hewitt Associates LLC), thePlan’s recordkeeper. AFA has hired Financial Engines Advisors L.L.C. (FEA)to provide sub-advisory services. FEA is a federally registered investmentadvisor and wholly-owned subsidiary of Financial Engines, Inc. Although AFAis a subsidiary of the Plan’s recordkeeper, Nokia, and not Alight, made thedecision to retain AFA.For more information about the Program, contact the Nokia BenefitsResource Center at 1-888-232-4111 (select the “Retirement and Investments”option and then “Investment Advice”) between the hours of 9:00 a.m. and9:00 p.m., ET, Monday through Friday. Participants with an address on recordoutside the United States, its territories or Army Post Office Code AA, AE orAP are not eligible for Professional Management.8
HomeNokia Savings/401(k) PlanAnnual Fee and Expense DisclosurePrint Effective April 3, 2018Investment RiskCFTC DisclosureInvestment funds available through the Plan, including the Money MarketFund, are not insured or guaranteed by the FDIC or any other governmentagency. In addition, although money market funds seek to preserve thevalue of your investment, it is possible to lose money by investing in theMoney Market Fund.Under the Commodity Exchange Act (the “Act”), certain employee benefittrusts may be deemed to be commodity pools if the trusts’ investmentfunds trade swaps, futures, options or other commodity interests. Generally,under the Act, operators of such commodity pools are required to registerwith the Commodity Futures Trading Commission (“CFTC”) as commoditypool operators unless an exemption applies or an exclusion is claimed. TheLucent Technologies Inc. Defined Contribution Plan Master Trust (the “Trust”)holds the assets of the investment funds offered by the Nokia Savings/401(k)Plan. Certain of those funds may, from time to time, trade swaps futures,options and/or other commodity interests and, as a result, the Trust mightbe deemed to be a commodity pool within the meaning of the Act.Stock markets, especially foreign markets, are volatile and can declinein response to adverse issuer, political, regulatory, market or economicdevelopments. The stocks of less well-known, small- and mid-sizedcompanies can be more volatile than those of larger companies. Foreignsecurities and currencies are subject to interest rate, currency exchangerate, economic and political risks.In general, the bond market is volatile, and fixed income securities carryinterest-rate risk, which means that when interest rates in the market risethere is generally a corresponding decline in the market values of bonds (andvice versa). This effect is generally more pronounced for longer-term bonds.Fixed income securities also carry inflation risk and credit and default risksfor both issuers and counterparties. Credit risk is the risk that the issuer ofa bond will not be able to make principal and interest payments when theyare due.Investment funds may be subject to risks associated with investing incommodities as well as interest rate risk, currency risk, concentration risk,and risks of derivative instruments. Derivatives may be volatile and involverisks such as credit risk, leverage risk, counterparty risk, basis risk, andliquidity risk. Using derivatives can disproportionately increase losses andreduce opportunities for gains in certain circumstances. Investments inderivatives may have limited liquidity and may be harder to value, especiallyin declining markets.Nokia Investment Management Corporation (“NIMCO”) (formerly knownas Alcatel-Lucent Investment Management Corporation), in its capacityas a named fiduciary of the Trust, has claimed an exclusion from thedefinition of the term “commodity pool operator” pursuant to CFTCRegulation 4.5(a)(4) and operates the Trust on the basis of that exclusion.Therefore, neither NIMCO nor the Trust’s trustee is required to deliver toparticipants a disclosure document or certified annual report that satisfiesthe requirements of CFTC rules applicable to registered commodity pooloperators. The CFTC does not pass upon the merits of participating in theinvestment funds offered by the Nokia Savings/401(k) Plan.Retirement Date Funds are subject to the volatility of the financial markets,including equity and fixed income investments in the U.S. and abroadand may be subject to risks associated with investing in high yield bonds,commodities, small/mid cap equities, and foreign securities.9
HomeNokia Savings/401(k) PlanAnnual Fee and Expense DisclosurePrint Effective April 3, 2018Investment Fund Performance Information as of December 31, 2017Asset ClassFixed IncomeReal AssetsEquitiesFund Name (Fund Inception in the Plan)Index/BenchmarkMoney Market Fund (7/1/2000)FTSE 90-Day Treasury Bill IndexShort Term Bond Fund (3/29/2013)Bloomberg Barclays US Government/Credit 1–3 Year IndexCore Bond Fund (4/1/2011)*Bloomberg Barclays US Aggregate Bond IndexBond Fund (7/1/2000)FTSE US Broad Investment Grade Bond IndexTreasury Inflation-Linked Bond Fund (4/1/2011)*Treasury Inflation-Linked Bond Fund BenchmarkHigh Yield Bond Fund (4/1/2011)*FTSE US High Yield Market Capped IndexBalanced Real Asset Fund (3/29/2013)Balanced Real Asset Fund BenchmarkBloomberg Barclays US TIPS 1–10 Year IndexCustomized Real Asset Fund (3/29/2013)*Customized Real Asset Fund BenchmarkMSCI World Net Dividend IndexUS Large Cap Equity Index Fund (4/1/2014)*Russell 1000 IndexUS Large Cap Value Equity Fund (7/1/2003)Russell 1000 Value IndexUS Equity Index Fund (7/1/2000)Russell 3000 IndexUS Large Cap Growth Equity Fund (1/1/2001)Russell 1000 Growth IndexUS Mid Cap Equity Fund (1/4/2008)S&P Mid Cap 400 IndexUS Small Cap Equity Fund (6/1/2004)Russell 2000 IndexInternational Equity Index Fund (4/1/2014)MSCI World Ex USA Net Dividend IndexInternational Equity Fund (7/1/2000)Custom International Equity Fund BenchmarkInternational Developed Markets Equity Fund 1 (4/1/2011)*MSCI World Ex USA Net Dividend IndexInternational Developed Markets Equity Fund 2 (8/1/2015)*MSCI World Ex USA Net Dividend IndexEmerging Markets Equity Fund (3/29/2013)*MSCI Emerging Markets Net Dividend IndexAnnualized Total ReturnsØ (net of all fees and expenses)1 Year3 Years5 Years10 YearsSince 781.221.689.2611.2311.238.258.6511.1811.1 03.554.045.085.238.226.627.914.94* T hese funds are only available in multi-manager funds and are not available for direct participant investment. You can request additional information about these funds by contactingthe Nokia Benefits Resource Center.Ø Total returns are historical and include change in unit value and reinvestment of dividends and capital gains, if any. Since Inception performance is calculated from the fund’s inceptiondate in the Plan. Returns are net of total fees and expenses.N/A indicates that the investment fund has not been in existence for the specified period.(Continued on next page)10
HomeNokia Savings/401(k) PlanAnnual Fee and Expense DisclosureAsset ClassRetirement DateFundsFund Name (Fund Inception in the Plan)Index/BenchmarkPrintAnnualized Total ReturnsØ (net of all fees and expenses)1 Year3 Years5 Years10 YearsSince InceptionRetirement Date Income Fund (4/1/2011)8.364.434.52N/A4.69Retirement Date Income Fund Benchmark7.563.913.93N/A4.09Bloomberg Barclays US Aggregate Bond Index3.542.242.10N/A3.26Retirement Date 2000 Fund (4/1/2011)9.965.035.54N/A5.58Retirement Date 2000 Fund Benchmark8.684.414.77N/A4.85Bloomberg Barclays US Aggregate Bond Index3.542.242.10N/A3.26Retirement Date 2005 Fund (4/1/2011)11.975.856.40N/A6.28Retirement Date 2005 Fund Benchmark10.505.165.57N/A5.50Bloomberg Barclays US Aggregate Bond tirement Date 2010 Fund (4/1/2011) Effective April 3, 2018Retirement Date 2010 Fund Benchmark12.005.766.27N/AMSCI World Net Dividend Index22.409.2611.64N/A9.19Retirement Date 2015 Fund (4/1/2011)14.706.897.80N/A7.216.38Retirement Date 2015 Fund Benchmark13.416.276.92N/AMSCI World Net Dividend Index22.409.2611.64N/A9.19Retirement Date 2020 Fund (4/1/2011)16.497.558.69N/A7.726.80Retirement Date 2020 Fund Benchmark15.016.827.70N/AMSCI World Net Dividend Index22.409.2611.64N/A9.19Retirement Date 2025 Fund (4/1/2011)18.658.259.66N/A8.177.21Retirement Date 2025 Fund Benchmark16.967.428.54N/AMSCI World Net Dividend Index22.409.2611.64N/A9.19Retirement Date 2030 Fund (4/1/2011)21.009.0910.72N/A8.787.71Retirement Date 2030 Fund Benchmark19.268.139.52N/AMSCI World Net Dividend Index22.409.2611.64N/A9.19Retirement Date 2035 Fund (4/1/2011)22.869.7111.37N/A9.21Retirement Date 2035 Fund Benchmark21.178.6510.16N/A8.12MSCI World Net Dividend Index22.409.2611.64N/A9.19Retirement Date 2040 Fund (4/1/2011)23.379.7711.40N/A9.248.18Retirement Date 2040 Fund Benchmark21.818.7910.24N/AMSCI World Net Dividend Index22.409.2611.64N/A9.19Retirement Date 2045 Fund (4/1/2011)23.389.7911.40N/A9.258.18Retirement Date 2045 Fund Benchmark21.818.7910.24N/AMSCI World Net Dividend Index22.409.2611.64N/A9.19Retirement Date 2050 Fund (4/1/2011)23.419.8111.41N/A9.308.18Retirement Date 2050 Fund Benchmark21.818.7910.24N/AMSCI World Net Dividend Index22.409.2611.64N/A9.19Retirement Date 2055 Fund (4/1/2015)23.31N/AN/AN/A9.11Retirement Date 2055 Fund Benchmark21.81N/AN/AN/A8.65MSCI World Net Dividend Index22.40N/AN/AN/A9.24 otal returns are historical and include change in unit value and reinvestment of dividends and capital gains, if any. Since Inception performance is calculated from the fund’s inception date in the Plan.TReturns are net of total fees and expenses.N/A indicates that the investment fund has not been in existence for the specified period.Ø11
Nokia Savings/401(k) PlanAnnual Fee and Expense DisclosurePerformance BenchmarksA benchmark is a standard against which the performance of an investment fund orinvestment manager can be measured.Market Indices. The performance information is shown with reference to certainbenchmarks or market indices. The market indices are defined in the glossary ofinvestment-related terms (see the section Where to Get Additional Information).Customized Benchmarks. The Treasury Inflation-Linked Bond Fund, Balanced RealAsset Fund, Customized Real Asset Fund, International Equity Fund, and RetirementDate Funds use customized and/or composite benchmarks, as follows: Treasury Inflation-Linked Bond Fund. Effective 10/1/16, the Treasury Inflation-LinkedBond Fund’s benchmark changed to the Bloomberg Barclays U.S. Treasury InflationNotes: 1-10 Year Index. For periods prior to the effective date of the benchmarkchange, the Fund’s benchmark was the Bloomberg Barclays US Treasury: US TIPSIndex. The Fund’s benchmark links together the returns of the Bloomberg Barclays USTreasury: US TIPS Index (prior
transfers out of or back into the Money Market Fund. In addition, each of the investment managers for the Plan's investment funds maintains a cash balance (i.e., liquidity) in the investment fund intended to satisfy: 1) daily trading activity of the investment fund, and 2) net participant
