INVESTMENT OPTIONS GUIDE - Human Resources

Investment OptionsInvestment OptionsBefore investing in any mutual fund, consider the investment objectives,risks, charges, and expenses. Contact Fidelity for a mutual fundprospectus or, if available, a summary prospectus containing thisinformation. Read it carefully.American Funds EuroPacific Growth Fund Class R-4Fund Risk: Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of whichmay be magnified in emerging markets. Growth stocks can perform differently from the market as a whole and can be morevolatile than other types of stocks. Stock markets are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, economic or other developments. Additional risk information for this product may be found in theprospectus or other product materials, if available.Fund short term trading fees: NoneWho may want to invest:Someone who is seeking to complement a portfolio of domestic investments with international investments, which canbehave differently.Someone who is willing to accept the higher degree of risk associated with investing overseas. Footnotes:This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailedinformation about the fund.The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class’s actualinception of 06/07/2002. These calculated returns reflect the historical performance of the oldest share class of the fund, withan inception date of 04/16/1984, adjusted to reflect the fees and expenses of this share class (when this share class’s fees andexpenses are higher.) Please refer to a fund’s prospectus for information regarding fees and expenses. These adjustedhistorical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied byother entities, including the fund itself. Carillon Eagle Small Cap Growth Fund Class R5VRS Code: 879373Fund Objective: The investment seeks long-term capital appreciation.Fund Strategy: The fund normally invests at least 80% of its net assets (plus the amount of any borrowings for investmentpurposes) in the stocks of small-capitalization companies. The fund’s portfolio managers consider small-capitalizationcompanies to be those companies that, at the time of initial purchase, have a market capitalization equal to or less than thelargest company in the Russell 2000 Growth Index during the most recent 12-month period.For more information visit www.netbenefits.com/UNC or call 1-800-343-0860VRS Code: 845638Fund Objective: The investment seeks long-term growth of capital.Fund Strategy: The fund invests primarily in common stocks of issuers in Europe and the Pacific Basin that the investmentadviser believes have the potential for growth. Growth stocks are stocks that the investment adviser believes have the potentialfor above-average capital appreciation. It normally will invest at least 80% of its net assets in securities of issuers in Europe andthe Pacific Basin. The fund may invest a portion of its assets in common stocks and other securities of companies in emergingmarkets.Fund Risk: The securities of smaller, less well-known companies can be more volatile than those of larger companies. Growthstocks can perform differently from the market as a whole and can be more volatile than other types of stocks. Stock marketsare volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or otherdevelopments. These risks may be magnified in foreign markets. Additional risk information for this product may be found inthe prospectus or other product materials, if available.Fund short term trading fees: NoneWho may want to invest:Someone who is seeking the potential for long-term share-price appreciation.Someone who is willing to accept the generally greater price volatility associated both with growth-oriented stocks and withsmaller companies. 9

Investment OptionsFootnotes:This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailedinformation about the fund.The Russell 2000 Growth Index is an unmanaged market capitalization-weighted index of growth-oriented stocks of U.S.domiciled companies that are included in the Russell 2000 Index. Growth-oriented stocks tend to have higher price-to-bookratios and higher forecasted growth values.The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class’s actualinception of 10/02/2006. These calculated returns reflect the historical performance of the oldest share class of the fund, withan inception date of 05/07/1993, adjusted to reflect the fees and expenses of this share class (when this share class’s fees andexpenses are higher.) Please refer to a fund’s prospectus for information regarding fees and expenses. These adjustedhistorical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied byother entities, including the fund itself. Cohen & Steers Realty Shares Fund Class LVRS Code: 893727Fund Objective: The investment seeks total return through investment in real estate securities.Fund Strategy: Under normal market conditions, the fund invests at least 80% of its total assets in common stocks and otherequity securities issued by real estate companies. It may invest up to 20% of its total assets in securities of foreign issuers whichmeet the same criteria for investment as domestic companies, including investments in such companies in the form ofAmerican Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs") and European Depositary Receipts ("EDRs").The fund is non-diversified.Fund Risk: Real Estate is a cyclical industry that is sensitive to interest rates, economic conditions (both nationally and locally),property tax rates, and other factors. Changes in real estate values or economic downturns can have a significant negativeeffect on issuers in the real estate industry. Stock markets are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, economic or other developments. These risks may be magnified in foreign markets. Sector fundscan be more volatile because of their narrow concentration in a specific industry. In general the bond market is volatile, andfixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usuallymore pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks forboth issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding lossescaused by price volatility by holding them until maturity is not possible. Additional risk information for this product may befound in the prospectus or other product materials, if available.Fund short term trading fees: NoneWho may want to invest:Someone who is willing to accept the potentially lower diversification and higher risks associated with investing in a particularindustry or sector.Someone who is seeking to complement his or her core holdings with investments concentrated in a particular sector orindustry. Footnotes:This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailedinformation about the fund.As of 07/06/2019, Fidelity was notified this fund changed its name from Cohen & Steers Realty Shares Fund. See the fund’sprospectus for any additional details. Fidelity Balanced Fund - Class KVRS Code: 002077Fund Objective: Seeks income and capital growth consistent with reasonable risk.Fund Strategy: Investing approximately 60% of assets in stocks and other equity securities and the remainder in bonds andother debt securities, including lower-quality debt securities, when its outlook is neutral. Investing at least 25% of total assets infixed-income senior securities (including debt securities and preferred stock.) Engaging in transactions that have a leveragingeffect on the fund.10

Footnotes:This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailedinformation about the fund.On May 9, 2008, an initial offering of the retirement (K) class took place. Returns and expenses prior to that date are those ofthe non-K, non-advisor class. Had K class expenses been reflected in the returns shown, total returns would have been higher.Investment OptionsFund Risk: Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer,political, regulatory, market, or economic developments. Fixed income investments entail interest rate risk (as interest rates risebond prices usually fall), the risk of issuer default, issuer credit risk and inflation risk. Foreign securities are subject to interestrate, currency exchange rate, economic, and political risks. Lower-quality bonds can be more volatile and have greater risk ofdefault than higher-quality bonds. Leverage can increase market exposure and magnify investment risk.Fund short term trading fees: NoneWho may want to invest:Someone who is seeking to invest in a fund that invests in both stocks and bonds.Someone who is seeking the potential both for income and for long-term share-price appreciation and who is willing toaccept the volatility of the bond and stock markets. Fidelity Contrafund - Class KVRS Code: 002080Fund Objective: Seeks capital appreciation.Fund Strategy: Investing in securities of companies whose value FMR believes is not fully recognized by the public. Investingin either ’growth’ stocks or ’value’ stocks or both. Normally investing primarily in common stocks.Fund Risk: The value of the fund’s domestic and foreign investments will vary from day to day in response to many factors.Stock values fluctuate in response to the activities of individual companies, and general market and economic conditions.Investments in foreign securities involve greater risk than U.S. investments. You may have a gain or loss when you sell yourshares.Fund short term trading fees: NoneWho may want to invest:Someone who is seeking the potential for long-term share-price appreciation.Someone who is willing to accept the generally greater price volatility associated with growth-oriented stocks. Footnotes:This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailedinformation about the fund.On May 9, 2008, an initial offering of the retirement (K) class took place. Returns and expenses prior to that date are those ofthe non-K, non-advisor class. Had K class expenses been reflected in the returns shown, total returns would have been higher. Fidelity Government Money Market FundVRS Code: 000458Fund Objective: Seeks as high a level of current income as is consistent with preservation of capital and liquidity.Fund Strategy: The Adviser normally invests at least 99.5% of the fund’s total assets in cash, U.S. Government securities and/orrepurchase agreements that are collateralized fully (i.e., collateralized by cash or government securities). Certain issuers of U.S.Government securities are sponsored or chartered by Congress but their securities are neither issued nor guaranteed by theU.S. Treasury. Investing in compliance with industry-standard regulatory requirements for money market funds for the quality,maturity, liquidity and diversification of investments. The Adviser stresses maintaining a stable 1.00 share price, liquidity, andincome. In addition the Adviser normally invests at least 80% of the fund’s assets in U.S. Government securities and repurchaseagreements for those securities.For more information visit www.netbenefits.com/UNC or call 1-800-343-0860 11

Investment OptionsFund Risk: You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at 1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the FederalDeposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund’s sponsor, haveno legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financialsupport to the fund at any time. The fund will not impose a fee upon the sale of your shares, nor temporarily suspend yourability to sell shares if the fund’s weekly liquid assets fall below 30% of its total assets because of market conditions or otherfactors. Interest rate increases can cause the price of a money market security to decrease. A decline in the credit quality of anissuer or a provider of credit support or a maturity-shortening structure for a security can cause the price of a money marketsecurity to decrease.Fund short term trading fees: NoneWho may want to invest:Someone who has a low tolerance for investment risk and who wishes to keep the value of his or her investment relativelystable.Someone who is seeking to complement his or her bond and stock fund holdings in order to reach a particular assetallocation. Footnotes:This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailedinformation about the fund. Goldman Sachs Small Cap Value Fund Institutional ClassVRS Code: 847125Fund Objective: The investment seeks long-term capital appreciation.Fund Strategy: The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measuredat the time of purchase) ("net assets") in a diversified portfolio of equity investments in small-cap issuers with public stockmarket capitalizations within the range of the market capitalization of companies constituting the Russell 2000 Value Index atthe time of investment. Although it will invest primarily in publicly traded U.S. securities, including real estate investment trusts,it may also invest in foreign securities.Fund Risk: The securities of smaller, less well-known companies can be more volatile than those of larger companies. Valueand growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile. Value stocks cancontinue to be undervalued by the market for long periods of time. Stock markets are volatile and can decline significantly inresponse to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified inforeign markets. Additional risk information for this product may be found in the prospectus or other product materials, ifavailable.Fund short term trading fees: NoneWho may want to invest:Someone who is seeking the potential for long-term share-price appreciation and, secondarily, dividend income.Someone who is seeking both growth- and value-style investments and who is willing to accept the generally greater volatilityof investments in smaller companies. Footnotes:This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailedinformation about the fund.The Russell 2000 Value Index is an unmanaged market capitalization-weighted index of value-oriented stocks of U.S.domiciled companies that are included in the Russell 2000 Index. Value-oriented stocks tend to have lower price-to-bookratios and lower forecasted growth values.The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class’s actualinception of 08/15/1997. These calculated returns reflect the historical performance of the oldest share class of the fund, withan inception date of 10/22/1992, adjusted to reflect the fees and expenses of this share class (when this share class’s fees andexpenses are higher.) Please refer to a fund’s prospectus for information regarding fees and expenses. These adjustedhistorical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied byother entities, including the fund itself. 12

VRS Code: 878514Fund Objective: The investment seeks to provide long-term growth of capital primarily through investment in equitysecurities; current income is a secondary objective.Fund Strategy: The fund normally invests at least 80% of its net assets in a diversified portfolio consisting primarily of equitysecurities, such as common stocks, of issuers with a market capitalization of 1 billion or greater and identified by the manageras having value characteristics. It may also invest up to 20% of its total assets in foreign currency-denominated securities. Thefund may participate as a purchaser in initial public offerings of securities (IPO). Footnotes:This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailedinformation about the fund.The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class’s actualinception of 05/22/2009. These calculated returns reflect the historical performance of the oldest share class of the fund, withan inception date of 01/02/1997, adjusted to reflect the fees and expenses of this share class (when this share class’s fees andexpenses are higher.) Please refer to a fund’s prospectus for information regarding fees and expenses. These adjustedhistorical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied byother entities, including the fund itself. JPMorgan Core Bond Fund Class R5VRS Code: 885113Fund Objective: The investment seeks to maximize total return by investing primarily in a diversified portfolio of intermediateand long-term debt securities.Fund Strategy: The fund is designed to maximize total return by investing in a portfolio of investment grade intermediateand long-term debt securities. It will invest at least 80% of its net assets plus the amount of borrowings for investment purposesin bonds. The fund may principally invest in corporate bonds, U.S. treasury obligations and other U.S. government and agencysecurities, and asset-backed, mortgage-related and mortgage-backed securities. Its average weighted maturity will ordinarilyrange between 4 and 12 years.Fund Risk: In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise,bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed incomesecurities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, mostbond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is notpossible. Additional risk information for this product may be found in the prospectus or other product materials, if available.Fund short term trading fees: NoneWho may want to invest:Someone who is seeking potential returns primarily in the form of interest dividends rather than through an increase in shareprice.Someone who is seeking to diversify an equity portfolio with a more conservative investment option.For more information visit www.netbenefits.com/UNC or call 1-800-343-0860Fund Risk: Value stocks can perform differently than other types of stocks and can continue to be undervalued by the marketfor long periods of time. Stock markets are volatile and can decline significantly in response to adverse issuer, political,regulatory, market, economic or other developments. These risks may be magnified in foreign markets. Additional riskinformation for this product may be found in the prospectus or other product materials, if available.Fund short term trading fees: NoneWho may want to invest:Someone who is seeking the potential for long-term share-price appreciation and, secondarily, dividend income.Someone who is comfortable with the volatility of large-cap stocks and value-style investments.Investment OptionsJohn Hancock Funds Disciplined Value Fund Class R5 13

Investment OptionsFootnotes:This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailedinformation about the fund.Weighted average maturity (WAM) is the weighted average of all the maturities of the securities held in a fund. WAM formoney market funds can be used as a measure of sensitivity to interest rate changes. Generally, the longer the maturity, thegreater the sensitivity. WAM for money market funds is based on the dollar-weighted average length of time until principalpayments must be paid, taking into account any call options exercised by the issuer and any permissible maturity shorteningdevices, such as demand features and interest rate resets. For bond funds, WAM can be used as a measure of sensitivity tothe markets. Generally, the longer the maturity, the greater the sensitivity. The WAM calculation for bond funds excludesinterest ra

January 1, 1983 - December 31, 1987 Vanguard Target Retirement 2050 Trust Plus Target Years 2048 - 2052 January 1, 1988 - December 31, 1992 Vanguard Target Retirement 2055 Trust Plus Target Years 2053 - 2057 January 1, 1993 - December 31, 1997 Vanguard Target Retirement