Cathedral City City Council
June 25, 2025

Section 115 Trust for OPEB PrefundingPortfolio & Fee Review Prepared byPrepared forCity of Cathedral CitySeptember 30, 2024

SHUSTER ADVISORY

GROUP, LLC
Mark Shuster
Managing Partner
[email protected]
626.578.0816
JoAnn Parrino
Partner
[email protected]
626.578.0816 x229
Cris Borden
Chief Investment Officer
[email protected]
808.292.9257
Carl Steinhilber
Senior Consultant
[email protected]
860.306.6321
Sarah Yauchzee
Director of Operations
[email protected]
626.578.0816 x232
Shuster Advisory Group, LLC
2 TABLE OF CONTENTS

1. Shuster Advisory
Group, LLC

2. 115 Trust Overview

3. Pricing Comparison

4. Portfolio and
Performance
Comparison

5. Shuster Fact Sheets
3 SHUSTER ADVISORY

GROUP , LLC
4 SHUSTER ADVISORY

GROUP, LLC
 SEC-Registered Investment Advisor
w/ $7B+ in assets under
management/advisement
 Focuses on serving the unique
needs of governmental agencies
and special districts
 Fiduciary to plan investments
 Must act in the best interest of our
clients
 Provides investment selection and
ongoing monitoring and
management
 Provides transparent services and
fees
Shuster Advisory Group, LLC
5 PLAN CONSULTING

SERVICES
 Defined Contribution
 457(b)
 457(f)
 401(a)
 401(k)
 403(b)
 415(m)
 PT-OBRA/ Social Security Alternative
 Pension
 Defined Benefit
 Cash Balance
 Supplemental
 Retiree Medical Reimbursement
 Future Liability Prefunding (115 Trust)
 Pension
 OPEB
 Operating Reserves/Cash Accounts
Shuster Advisory Group, LLC
6 SHUSTER ADVISORY GROUP, LLC
Cities, Agencies, and Public Entities We Proudly Serve
The cities and agencies listed above do not expressly recommend Shuster Advisory Group, LLC, a SEC Registered Investment Advisor.

FontanaArcadia
Franklin CountyArtesia
GardenaAzusa
GlendoraBaldwin Park
HemetBell
Hermosa BeachBell Gardens
HesperiaBellflower
Huntington ParkBeverly Hills
Indian WellsCanyon Lake
InglewoodCarson
IrwindaleCathedral City
Jurupa ValleyChino
Laguna HillsClaremont
La PalmaClovis
La QuintaColton
La VerneCommerce
LafayetteCovina
LakewoodDowney
LancasterEastvale
LomitaEl Segundo
Antelope Valley Medical Center
Chino Valley Fire District
Hesperia Fire Protection District
Orange County Fire Authority
South Bay Regional Public Communications Authority
Hesperia Water District
Midway City Sanitation District
San Bernardino Water District
Three Valleys Municipal Water District
Ontario International Airport Authority
Conejo Recreation & Park District
Valley-Wide Recreation & Park District
Mountains Recreation & Conservation Authority
County Commissioners’ Association of Ohio (CCAO)
Ohio County Employees Retirement Plan (OCERP)
RedlandsLos Altos
RialtoManhattan Beach
RiversideMontebello
San BernardinoMonterey Park
San DimasMoraga
San FernandoMoreno Valley
San Juan CapistranoNorwalk
Santa Fe SpringsOntario
SebastopolOrange
Scotts ValleyOxnard
Signal HillPalmdale
South GatePalm Desert
StantonPerris
StocktonPico Rivera
TemeculaPismo Beach
Union CityPlacentia
UplandPleasant Hill
WalnutRancho Cordova
WhittierRancho Mirage
YucaipaRancho Palos Verdes
7 Corporate Clients We Proudly Serve
The entities listed above do not expressly recommend Shuster Financial Group, LLC, Shuster Advisory Group, LLC, KOBO Retirement Strategies, LLC, Shuster Financial & Insurance Services, Inc., or any other related company (“Shuster Companies”). Similarly, Shuster Companies do not expressly recommend the services or products provided by any of the entities listed above. The entities listed above are clients of a least one of the Shuster Companies but not necessarily all of the Shuster Companies.

Jenny Craig

SHUSTER ADVISORY GROUP, LLC
8 115 TRUST OVERVIEW
9 Trust Administrator, Consultant
& Investment Advisor
Directed Trustee
Custodian
• Program Coordinator
• Trust Administrator
• Plan Consultant
• Independent and Non-Proprietary
• $7.3B in Assets Under Management/Advisement
• Discretionary Independent Investment Advisor &
Fiduciary
• Investment Policy Assistance
• Federal and State Compliance Monitoring
• Ongoing Trust Management
• White Glove Client Support
• Safekeeping of Assets
• Trade Processing
• Reporting
• Paying Agent
• $390.8B in Fiduciary Assets
• $8.09T in Total Client Assets
• Schwab Trust Partner for over a decade
• Federal and State Compliance Monitoring
• Supervises the selection, monitoring and
management of plan assets
• Subject to direction of investment fiduciary
• Turn-Key Trust Services
Shuster Advisory Group, LLC
115 Trust Program
10 What is a Section 115 Trust?
• Authorized by the Internal Revenue Code
• Allows for the segregation of funds from general assets • Integral-Part Trust
• Used for funding essential government functions - Pension funding and post-employment obligations are considered
essential
− Considered a best practice by the Government Finance Officers Association (GFOA)
• The Trust is irrevocably committed to the specific
government/district function - Assets cannot be diverted Shuster Advisory Group, LLC
11 Why Use a Section 115 Trust?
Uses of the Trust
• Prefund pension contribution liabilities
• Prefund OPEB benefit liabilities
• Used as a budget stabilization tool
Benefits
• Investment earnings are non-taxable
• Investment restrictions applicable to the general fund do not apply - Allows for use of relatively higher discount rate • IRS approval not required
• No annual IRS filings
Shuster Advisory Group, LLC
12 115 Trust Components
• City/District authorization to participate in the Trust and authorized signers
• Documents
− Trust Document
− Investment Policy
• Investment Portfolio
• 115 Trust Roles
− Investment Advisor/Fiduciary
− Directed Trustee
− Custodian
Note: Independent actuarial annual valuation of assets required Shuster Advisory Group, LLC
13 Financial Components
Shuster Advisory Group, LLC
Platform
Fees:
● Trust
● Custody
Advisor
Fees:
● Fiduciary
● Consultant
Investment
Portfolio
Performance
14 Custom Solutions for Cities & Agencies
 Customizable investment portfolios
 Individual Accounts (assets are not pooled)
 Low cost
 Consolidated full fee transparency
 Investment Fiduciary
 Daily valuation and account access
 Private equity/debt (optional)
 Custom reporting
 GASB compliant reporting
 Local dedicated service team
 Direct access to Portfolio Management team
 Compliant with Internal Revenue Code Section 115
Shuster Advisory Group, LLC
15 Shuster Advisory Group, LLC
Program Comparison*
* Non-Shuster information was obtained from documents provided by Shuster clients and market research and assembled for simplification purposes only and not guaranteed by Shuster. Any discrepancy is purely accidental.
** During U.S. Stock Market hours
Shuster Competitor 1 Competitor 2
Cost (Low) (Low) Neutral (High & Low)
Consolidated Fee Transparency  X X
Fiduciary   
Custom Investment Policy Statements (IPS)  X 
IRC Section 115 Compliant & GASB Compliant Reporting    Mutual Indemnification Language  X 
Individual Accounts  X (Pooled only) X (Pooled only)
Daily Valuation / Account Access  X X
Local Dedicated Service Team  X 
Flexible Qualified Distribution Timing  X (Current year only) X (Up to 24 months) FeesCompliance & Best
PracticesDay-to-Day Admin
16 Shuster Advisory Group, LLC
Program Comparison*
* Non-Shuster information was obtained from documents provided by Shuster clients and market research and assembled for simplification purposes only and not guaranteed by Shuster. Any discrepancy is purely accidental.
** During U.S. Stock Market hours
Shuster Competitor 1 Competitor 2
Customizable Portfolios  X 
Portfolio Options 10 base models with
custom options available
OPEB: 3 options
Pension: 2 options
5 base models with custom
options available
Active or Passive Options Active/passive blend or
fully passive
X
Passive only
Active/passive blend or
fully passive
Access to Investment Management Team  X 
Termination
Termination/Trustee-to-Trustee Transfer
within 60 days
30-day notice, Council
approved Resolution, Daily
Transfers**
Neutral
Up to 150 days after Board
approval of termination but
may be sooner
X
30-day notice, Council
approved Resolution & end
of month transfer only
Investments
17 Implementation
Shuster Advisory Group, LLC
Council
Presentation
• Approval of Trust
• Delegation of Authority
Document
Completion
(7-14 days)
• Trust, Shuster, & Schwab (signature ready documents provided) oUtilize DocuSign for ease of signature
oDiscuss and finalize Investment Policy
Schwab
Account Set Up
(5-10 business
days)
• Once account setup documents are completed,
Schwab proceeds with account setup
Funding • Wire or ACH to Schwab
18 PRICING

COMPARISON
19 1 - Fees are calculated based on the expenses reported on the CERBT June 2024 Quarterly Statement. 2 - Shuster Administration Fees will convert to a flat dollar fee after the end of contract year-3 based on the highest year-end balance of the first 3 contract years. 3 - Transaction fees may apply and are disclosed in the Schwab fee schedule. Schwab fee is 0.01% and has an annual minimum of $400 per plan. 4 - Alta Trust fee is 0.02% and has an annual maximum of $5,000 per plan.

Fees are annualized based on 6/30/24 assets. The fees shown above are estimates based on documents provided by City and available market data and are summarized for simplification and presentation purposes only. Actual fees may be determined by auditing all account statements and service contracts. Any variance in fees is purely accidental.

CalPERS - Service Provider Fee Comparison
Service
Administration Shuster Advisory Group, LLC 0.01%2
Custody Charles Schwab Trust Bank 0.01%3
Trustee Alta Trust 0.02%4
Investment Management Shuster Advisory Group, LLC 0.07% Administrative Costs Total 0.05% Total 0.11%
Current CERBT (OPEB)
Program Shuster Program

0.05%CalPERS1
Shuster Advisory Group, LLC
OPEB Assets as of 6/30/24: $14,356,917
20 PORTFOLIO AND

PERFORMANCE

COMPARISON
21 MORNINGSTAR DISCLOSURE
No system or strategy can by itself be used to consistently determine which securities to buy or sell or when to buy or sell them. The Shuster Advisory Group Strategies were developed using historical data that might not be indicative of future events.

The performance presentation shown represents hypothetical past performance of the Shuster Advisory Group Strategies. The performance results represent the results of actual trading by Shuster Advisory Group using client assets from the time trading began with clients, combined with the retroactive application of a back-tested model prior to the time clients were engaged that was designed with the benefit of hindsight. During the period prior to client engagement, Shuster Advisory Group was not managing money according to the strategies depicted. Future securities market conditions may be affected by factors that cannot be accounted for using historical modeling techniques.

Past performance is no guarantee of future results. Performance data of the investments was provided by Morningstar, and Morningstar obtains their information directly from the investment companies. Monthly total returns for each of the Shuster Advisory Group Strategies were calculated by applying the ending period holding weightings to each of the Shuster Advisory Group Strategies investments’ monthly returns. Monthly performance was determined using each individual investment’s Internal Rate of Return for each month. Interest, dividends, and capital gains distributions are included at the end of the month. Trailing returns are calculated by geometrically linking these weighted-average monthly returns. The Shuster Advisory Group Strategies’ portfolio returns thus assume monthly rebalancing.

Risk is measured and presented above as the Standard Deviation of monthly investment performance for the full five (5) year period shown. Standard Deviation is a measure of how spread out numbers are, which is determined by the square root of the variance of the monthly returns.
© 2022 Morningstar. All Rights Reserved. The information, data, analyses and opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial advisor which cannot be verified by Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analyses or opinions or their use. This report is supplemental sales literature, and therefore must be preceded or accompanied by a prospectus and disclosure statement. Please read the prospectus carefully. 22 NITROGEN DISCLOSURE
The information, data, analysis and opinions contained in the following pages include the confidential and proprietary information of Nitrogen Wealth, Inc. (previously Riskalyze, Inc.) that may include or be derived from account information provided by Shuster Advisory Group, LLC which cannot be verified by Nitrogen Wealth, Inc. (“Nitrogen”); may not be copied or redistributed; does not constitute investment advice offered by Nitrogen; are provided solely for informational purposes and do not constitute an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. Except as otherwise provided by law, Nitrogen shall not be responsible for any trading decisions, damages or other losses resulting from the use of this information, data, analysis or opinion. This report is supplemental sales literature.

The summaries provided are for simplification and illustrative purposes only and is not guaranteed by Shuster Advisory Group, LLC or Nitrogen. Please refer to the Nitrogen reports in the supplemental handout that correspond with the Equity/Fixed allocations listed as current and options #1 through #10.
© 2022 Riskalyze, Inc. All Rights Reserved.
23 Sample Portfolio Options
115 Trust - OPEB Prefunding and Pension Stabilization
Model #1 Model #2 Model #3 Model #4 Model #5 Model #6 Model #7 Model #8 Model #9 Model #10 Model #11 All Fixed
0/100%
Ultra Conservative
10/90%
Conservative
20/80%
Mod Conservative
30/70%
Moderate
40/60%
Balanced
50/50%
Moderate Growth
60/40%
Moderate Aggressive
70/30%
Growth
80/20%
Aggressive
90/10%
All Equity
100/0%
30 33 37 41 45 50 55 60 65 70 73
-4.3% +8.0% -5.1% +9.4% -6.0% +10.8% -7.1% +12.4% -8.3% +14.1% -9.5% +15.8% -10.8% +17.6% -12.2% +19.5% -13.5% +21.4% -14.9% +23.2% -16.0% +24.5%

5.08% 4.57% 4.25% 3.86% 3.57% 3.22% 2.89% 2.55% 2.21% 1.84% 1.61%

0.39% 0.36% 0.34% 0.31% 0.29% 0.27% 0.25% 0.23% 0.20% 0.17% 0.16% iShares Core S&P 500 0.0% 5.0% 7.5% 9.0% 11.5% 14.5% 16.5% 19.0% 21.5% 24.0% 25.5% iShares MSCI USA Quality Factor 0.0% 1.5% 2.5% 3.5% 5.0% 6.0% 7.0% 8.0% 9.0% 10.5% 11.5% iShares S&P 500 Growth 0.0% 1.0% 2.0% 3.0% 3.0% 4.0% 5.0% 6.0% 6.0% 6.5% 6.5% iShares S&P 500 Value 0.0% 0.0% 1.0% 1.0% 1.5% 2.0% 3.0% 3.0% 4.0% 5.0% 5.5% iShares US Infrastructure ETF 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 1.0% 1.0% 1.0% 1.0% 1.0% iShares Global Energy 0.0% 0.0% 0.0% 0.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% iShares US Energy 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 1.0% BlackRock US Equity Factor Rotation ETF 0.0% 0.0% 0.0% 2.0% 2.5% 3.5% 4.0% 5.0% 5.0% 5.5% 6.0% Vanguard Information Technology ETF 0.0% 0.0% 1.0% 1.5% 1.5% 1.5% 1.5% 2.0% 3.5% 4.0% 4.0% Total 0.0% 7.5% 14.0% 20.0% 26.0% 32.5% 39.0% 45.0% 51.0% 57.5% 62.0% iShares MSCI EAFE Value 0.0% 1.0% 2.0% 2.5% 3.5% 5.0% 6.0% 7.0% 8.0% 8.5% 9.5% JPMorgan BetaBuilders Japan ETF 0.0% 0.5% 1.5% 2.0% 2.5% 3.0% 4.0% 4.5% 5.5% 6.0% 6.5% Vanguard Int'l Dividend Appreciation ETF 0.0% 2.0% 3.0% 5.0% 6.5% 7.5% 8.5% 10.0% 11.0% 12.0% 12.5% Total 0.0% 3.5% 6.5% 9.5% 12.5% 15.5% 18.5% 21.5% 24.5% 26.5% 28.5% iShares MSCI Emerging Markets ex China ETF 0.0% 1.0% 1.5% 2.5% 3.5% 4.0% 4.5% 5.5% 6.5% 8.0% 8.5% Total 0.0% 1.0% 1.5% 2.5% 3.5% 4.0% 4.5% 5.5% 6.5% 8.0% 8.5% iShares TIPS Bond 8.0% 7.0% 5.0% 4.5% 4.0% 3.5% 2.0% 1.0% 0.5% 0.0% 0.0% Total 8.0% 7.0% 5.0% 4.5% 4.0% 3.5% 2.0% 1.0% 0.5% 0.0% 0.0% PIMCO Income Instl. 35.0% 29.0% 26.0% 22.5% 20.5% 18.5% 14.0% 11.0% 7.5% 3.5% 0.0% Fidelity Total Bond ETF 53.0% 49.0% 44.5% 38.5% 31.0% 25.0% 21.0% 15.0% 9.0% 3.5% 0.0% Total 88.0% 78.0% 70.5% 61.0% 51.5% 43.5% 35.0% 26.0% 16.5% 7.0% 0.0% iShares Edge High Yield Defensive Bond ETF 3.0% 2.0% 1.5% 1.5% 1.5% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Total 3.0% 2.0% 1.5% 1.5% 1.5% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Cash/Cash Alternatives Cash/Cash Alternatives 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% Asset allocation shown is as of July 15, 2024. 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Shuster Advisory Group, LLC is a SEC Registered Investment Advisor. Please refer to disclosure on previous page. * The distribution rate is derived by summing the trailing 12-months’ distributions (dividends, distributions from borrowing, return of capital, etc) and dividing the sum by the last month’s ending NAV. It does not include capital gains distributed over the same period. ** The percentage of fund assets used to pay for operating expenses and management fees, including 12b-1 fees, administrative fees, and all other asset-based costs incurred annually by the underlying funds, except brokerage costs.

Risk Scores, Historical Ranges and Distribution Rates are calculated by Nitrogen Wealth, Inc. (previously Riskalyze, Inc.) using a long-term average for the S&P 500, average change in the Ten Year US Treasury Rate, and correlation and volatility data from 2008 to present. Nitrogen uses actual historical data to calculate the statistical probabilities shown. For securities calculated using Average Annual Return, the Average Return will be calculated using actual price history from June 2004-present or inception. We calculate the annualized return number as ( final price / initial price ) ^ ( 1 / number of years ) - 1. Riskalyze does not provide investment analysis on investments with less than 6 months of historical performance. In instances where an investment’s inception is more recent than January 1, 2008 and greater than 6 months Nitrogen will use correlation statistics from the investments actual trading history to extrapolate missing volatility data. In most cases the extrapolation calculation increases the risk presented in the investment analysis as a means of protecting the investor. The Six Month Historical Range is calculated from the standard deviation of the portfolio (via covariance matrix), and represents a hypothetical statistical probability, but there is no guarantee any investments would perform within the range. There is a 5% probability of greater losses. Nitrogen does not use any Monte Carlo or any other type of simulations. The underlying data is updated as of the previous day’s market close price, and the results may vary with each use and over time. The investments considered were determined by the financial representative. IMPORTANT: The projections or other information generated by Nitrogen regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. These figures may exclude commissions, sales charges or advisory fees which, if included, would have had a negative effect on the annual returns. In instances where a security is unrecognized by the Nitrogen system or a security does not yet contain more than six (6) months of historical return data, Nitrogen may assign a benchmark/proxy to more accurately display risk and return analytics. In these instances Nitrogen will use the historical data associated with the benchmark/proxy indicated. Please see additional disclosures (included towards the end of this report) for any exchange traded funds and/or mutual funds referenced herein.

Domestic Equity
EquityFixed Income
Core Fixed Income
High Yield Bond
Inflation-Protected Bonds
Risk Range: 0 to 100 (100 is Riskiest)
Allocation Options
(Equity/Fixed)
Emerging Markets Equity
Investment Return Range: 95% prob after 6 months
Distribution Rate*
Expense Ratio**
Int'l Developed Equity
24 Shuster Advisory Group, LLC
CalPERS Return Comparison as of 6/30/24
(Current)
25  Cost Efficient
 Strategic Portfolio Management
 Fully Customizable Portfolios
 24/7/365 Account Access w/Daily Valuation
 Private equity/debt (optional)
CERBT Strategy 2 (OPEB)
50/50%

CURRENT PORTFOLIO

SHUSTER PORTFOLIO
Portfolio Comparisons
CERBT Strategy 2 & Shuster (50/50%)
Balanced
50/50%
CERBT portfolio information is based upon CalPERS Strategy Fact sheet as of 6/30/24. Asset allocation of Shuster options is as of 7/15/2024. Shuster options shown are Active/Passive and are fully customizable. Portfolio allocations will vary based on portfolio managers discretion, risk profile, market conditions and investment analytics.

Shuster Advisory Group, LLC
Global Equity, 34%
Fixed Income, 41%
TIPS, 5%
REITs, 17%
Commodities, 3%
Equity, 33%
International
Developed
Equity, 16%
Emerging Markets
Equity, 4%
TIPS, 4%
Core Fixed
Income, 44%
Cash, 1%
26  Cost Efficient
 Strategic Portfolio Management
 Fully Customizable Portfolios
 24/7/365 Account Access w/Daily Valuation
 Private equity/debt (optional)
CERBT Strategy 1 (OPEB)
70/30%

PORTFOLIO OPTION

SHUSTER PORTFOLIO
Portfolio Comparisons
CERBT Strategy 1 & Shuster (70/30%)
Moderate Aggressive
70/30%
CERBT portfolio information is based upon CalPERS Strategy Fact sheet as of 6/30/24. Asset allocation of Shuster options is as of 7/15/2024. Shuster options shown are Active/Passive and are fully customizable. Portfolio allocations will vary based on portfolio managers discretion, risk profile, market conditions and investment analytics.

Shuster Advisory Group, LLC
Global Equity,
49%
Fixed Income,
23%
TIPS, 5%
REITs, 20%
Commodities, 3%
Equity, 45%
International
Developed
Equity, 22%
Emerging
Markets
Equity, 6%
TIPS, 1%
Core Fixed
Income, 26%
Cash, 1%
27  Cost Efficient
 Strategic Portfolio Management
 Fully Customizable Portfolios
 2
4/7/365 Account Access w/Daily Valuation
 Private equity/debt (optional)
CERBT Strategy 3 (OPEB)
40/60%

PORTFOLIO OPTION

SHUSTER PORTFOLIO
Portfolio Comparisons
CERBT Strategy 3 & Shuster (40/60%)
Moderate
40/60%
CERBT portfolio information is based upon CalPERS Strategy Fact sheet as of 6/30/24. Asset allocation of Shuster options is as of 7/15/2024. Shuster options shown are Active/Passive and are fully customizable. Portfolio allocations will vary based on portfolio managers discretion, risk profile, market conditions and investment analytics.

Shuster Advisory Group, LLC
Global Equity,
23%
Fixed Income,
51%
TIPS, 9%
REITs, 14% Commodities,
3%
Equity, 26%
International
Developed Equity,
13%
Emerging Markets
Equity, 4%TIPS, 4%
Core Fixed Income,
52%
Cash, 1%
High Yield Bond, 2%
28  Cost Efficient
 Strategic Portfolio Management
 Fully Customizable Portfolios
 24/7/365 Account Access w/Daily Valuation
 Private equity/debt (optional)
CEPPT Strategy 1 (Pens Stab)
50/50%

PORTFOLIO OPTION

SHUSTER PORTFOLIO
Portfolio Comparisons
CEPPT Strategy 1 & Shuster (50/50%)
Balanced
(50/50%)
CEPPT portfolio information is based upon CalPERS Strategy Fact sheet as of 6/30/24. Asset allocation of Shuster options is as of 7/15/2024. Shuster options shown are Active/Passive and are fully customizable. Portfolio allocations will vary based on portfolio managers discretion, risk profile, market conditions and investment analytics.

Shuster Advisory Group, LLC
Global Equity,
37%
Fixed Income,
44%
TIPS, 5%
REITs, 14%
Equity, 33%
International
Developed Equity,
16%Emerging Markets
Equity, 4%
TIPS, 4%
Core Fixed Income,
44%
Cash, 1%
29 Shuster Advisory Group, LLC
CEPPT Strategy 2 (Pens Stab)
30/70%

PORTFOLIO OPTION

SHUSTER PORTFOLIO
Portfolio Comparisons
CEPPT Strategy 2 & Shuster (30/70%)
Moderate Conservative
(30/70%)
CEPPT portfolio information is based upon CalPERS Strategy Fact sheet as of 6/30/24. Asset allocation of Shuster options is as of 7/15/2024. Shuster options shown are Active/Passive and are fully customizable. Portfolio allocations will vary based on portfolio managers discretion, risk profile, market conditions and investment analytics.  Cost Efficient
 Strategic Portfolio Management
 Fully Customizable Portfolios
 24/7/365 Account Access w/Daily Valuation
 Private equity/debt (optional)
Global Equity, 21%
Fixed Income, 61%
TIPS, 9%
REITs, 9%
Equity, 20%
International
Developed Equity,
10%
Emerging Markets
Equity, 3%TIPS, 5%
Core Fixed Income,
61%
Cash, 1%
High Yield Bond, 2%
30 SHUSTER FACT
SHEETS
31 iShares Core S&P 500 ETF IVV
Category: Large Cap Blend 6/30/2024
Fund Strategy
The investment seeks to track the investment results of the S&P 500 composed of large-capitalization U.S. equities. The index measures the performance of the large-capitalization sector of the U.S. equity market, as determined by SPDJI. The fund generally will invest at least 80% of its assets in the component securities of its index and in investments that have economic characteristics that are substantially identical to the component securities of its index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.

Fund Information
Strategy Asset ($ mm): 487,946.00
Share Class Assets ($ mm):

Manager: Greg Savage
Manager Tenure: 17 Years
Portfolio Statistics
Alpha*: -0.03 P/E: -
Beta*: 1.00 P/B: -
as of date 6/28/2024SEC Yield (%): 1.31
Turnover: 3.00
as of date 6/30/2024
*Best fit index: S&P 500 TR USD
*3-year statistic: S&P 500 TR USD
Scorecard
Passive Strategies Ticker
Style Peer Group
Qual. (2pt
max)
Score
Style Style
Drift R Tracking
Error
TE
Rank
Expense
Rank
Return
Rank
SR Ratio
Rank
Q2
2024
iShares Core S&P
500 ETF IVV
1 1 1 1 1 1 1 1 2 10

6.51/

98.37 4.08 99.7
7 0.88 43.00 11.00 9.00 9.00
-
LCB-P

0.03 Passive Strategies Score
6/30/2024
Score
3/31/2024
Score
12/31/2023
Score
9/30/2023
Score
6/30/2023
Score
3/31/2023
Score
12/31/2022
Score
9/30/2022
iShares Core S&P
500 ETF
10 10 10 10 10 10 10 10

LCB-P LCB-P LCB-P LCB-P LCB-P LCB-P LCB-P LCB-P
The Scorecard Methodology incorporates both quantitative and qualitative factors into evaluating fund managers and their investment strategies (80% of the score is quantitative and 20% is qualitative). The scoring system is built around pass/fail criteria, on a scale of 0- 10 (with 10 being the best) and there is a fund history requirement (5 years for active strategies and 3 years for passive strategies). For Active and Asset Allocation Strategies, the Scorecard factors are weighted 30% to style, 30% to risk/return, 20% to peer group rankings and 20% to qualitative factors.
2 Top 10 Holdings(%) as of 6/28/2024
Microsoft Corp / MSFT 7.23
NVIDIA Corp / NVDA 6.61
Apple Inc / AAPL 6.61
Amazon.com Inc / AMZN 3.85
Meta Platforms Inc Class A / META 2.40
Alphabet Inc Class A / GOOGL 2.33
Alphabet Inc Class C / GOOG 1.95
Berkshire Hathaway Inc Class B / BRK.B 1.60
Eli Lilly and Co / LLY 1.57
Broadcom Inc / AVGO 1.52
% in Top 10 Holdings 35.68
# of Holdings 507
Asset Allocation (%) as of 6/28/2024
% Emerging Mkt: 0.00
Domestic Eq: 99.20
Int'l Equity: 0.56
Domestic Bond: 0.00
Int'l Bond: 0.00
Convertibles: 0.00
Preferred: 0.00
Cash: 0.24
Other: 0.00
Sector Allocation as of 6/28/2024
Basic Materials: 1.95
Real Estate: 2.15
Utilities: 2.36
Energy: 3.65
Cons Defensive: 5.75
Industrials: 7.56
Comm: 9.34
Cons Cyclical: 10.11
Healthcare: 11.74
Financial Services: 12.01
Technology: 33.37
Additional Information
Prospectus Net Exp. Ratio: 0.03
Prospectus Gross Exp. Ratio: 0.03
Avg Exp Ratio Morningstar (%): 0.78
%< Average Morningstar Exp Ratio: 0.75

12b-1 fees (%): -
Closed - New Inv: -
Closed - All Inv: -
Min Investment: $0
Waiver Amt: -
Waiver Exp Date: -
Strategy Inception: 5/15/2000
Share Class Inception: 1/1/0001
Performance Analysis as of 6/30/2024
QTR YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
iShares Core S&P 500 ETF 4.28% 15.27% 24.53% 9.98% 15.01% 12.82% 7.60% Russell 1000 Index 3.57% 14.24% 23.88% 8.74% 14.61% 12.51% Peer Group* 2.41% 12.64% 21.37% 7.97% 13.28% 11.23%
24%
16%
8%
0%
Peer Group Rank* 21 26 32 21 20 11 -
Peer Group Size (funds)* - - 1,415 1,302 1,192 888 -
*Morningstar Peer Group: Large Blend
The performance analysis displayed is reflective of past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate over time. Current performance may differ from the performance displayed. Investing includes risk, including potential loss of principal. Carefully consider any and all investment objectives, risk factors and charges and expenses before investing. Contact your financial advisor or consultant for funds current performance and a copy of the most recent prospectus.

Contact (626) 578-0816 for most recent month end performance. © 2024 Retirement Plan Advisory Group. All Rights Reserved. Data provided by Morning Star, Inc. The information contained herein: (1) is proprietary to Retirement Plan Advisory Group (RPAG), and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither RPAG nor Morningstar is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For Sponsor use only. Fund fact sheet is not valid without disclaimer page. Reporting Date: 8/16/2024 32 iShares MSCI USA Quality Factor ETF QUAL
Category: Large Cap Blend 6/30/2024
Fund Strategy
The investment seeks to track the investment results of the MSCI USA Sector Neutral Quality Index composed of U.S. large- and mid- capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund generally will invest at least 80% of its assets in the component securities of the underlying index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is based on a traditional market capitalization-weighted parent index, the MSCI USA Index.

Fund Information
Strategy Asset ($ mm): 46,381.00
Share Class Assets ($ mm):

Manager: Jennifer Hsui
Manager Tenure: 11 Years
Portfolio Statistics
Alpha*: -0.12 P/E: -
Beta*: 1.06 P/B: -
as of date 6/28/2024SEC Yield (%): 1.07
Turnover: 58.00
as of date 6/30/2024
*Best fit index: S&P 500 TR USD
*3-year statistic: S&P 500 TR USD
Scorecard
Passive Strategies Ticker
Style Peer Group
Qual. (2pt
max)
Score
Style Style
Drift R Tracking
Error
TE
Rank
Expense
Rank
Return
Rank
SR Ratio
Rank
Q2
2024
iShares MSCI USA
Quality Factor ETF QUAL
1 1 1 1 0 1 1 1 2 9

14.60/

99.23 3.77 97.5
9 3.11 92.00 26.00 3.00 28.00
-
LCB-P

0.15 Passive Strategies Score
6/30/2024
Score
3/31/2024
Score
12/31/2023
Score
9/30/2023
Score
6/30/2023
Score
3/31/2023
Score
12/31/2022
Score
9/30/2022
iShares MSCI USA
Quality Factor ETF
9 9 9 9 8 7 6 6

LCB-P LCB-P LCB-P LCB-P LCB-P LCB-P LCB-P LCB-P
The Scorecard Methodology incorporates both quantitative and qualitative factors into evaluating fund managers and their investment strategies (80% of the score is quantitative and 20% is qualitative). The scoring system is built around pass/fail criteria, on a scale of 0- 10 (with 10 being the best) and there is a fund history requirement (5 years for active strategies and 3 years for passive strategies). For Active and Asset Allocation Strategies, the Scorecard factors are weighted 30% to style, 30% to risk/return, 20% to peer group rankings and 20% to qualitative factors.
2 Top 10 Holdings(%) as of 6/28/2024
NVIDIA Corp / NVDA 6.34
Apple Inc / AAPL 5.36
Microsoft Corp / MSFT 5.10
Eli Lilly and Co / LLY 4.37
Visa Inc Class A / V 4.01
Meta Platforms Inc Class A / META 3.91
Mastercard Inc Class A / MA 3.75
UnitedHealth Group Inc / UNH 2.54
Costco Wholesale Corp / COST 2.52
Johnson & Johnson / JNJ 2.14
% in Top 10 Holdings 40.04
# of Holdings 129
Asset Allocation (%) as of 6/28/2024
% Emerging Mkt: 0.00
Domestic Eq: 99.42
Int'l Equity: 0.40
Domestic Bond: 0.00
Int'l Bond: 0.00
Convertibles: 0.00
Preferred: 0.00
Cash: 0.18
Other: 0.00
Sector Allocation as of 6/28/2024
Real Estate: 2.18
Basic Materials: 2.19
Utilities: 2.24
Energy: 3.67
Cons Defensive: 5.71
Industrials: 8.34
Cons Cyclical: 9.15
Comm: 9.47
Healthcare: 11.97
Financial Services: 12.02
Technology: 33.06
Additional Information
Prospectus Net Exp. Ratio: 0.15
Prospectus Gross Exp. Ratio: 0.15
Avg Exp Ratio Morningstar (%): 0.78
%< Average Morningstar Exp Ratio: 0.63

12b-1 fees (%): -
Closed - New Inv: -
Closed - All Inv: -
Min Investment: $0
Waiver Amt: -
Waiver Exp Date: -
Strategy Inception: 7/16/2013
Share Class Inception: 1/1/0001
Performance Analysis as of 6/30/2024
QTR YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
iShares MSCI USA Quality Factor ETF 4.08% 16.38% 27.99% 10.13% 14.91% 13.18% 13.66% Russell 1000 Index 3.57% 14.24% 23.88% 8.74% 14.61% 12.51% Peer Group* 2.41% 12.64% 21.37% 7.97% 13.28% 11.23%
27%
18%
9%
0%
Peer Group Rank* 30 17 8 18 23 5 -
Peer Group Size (funds)* - - 1,415 1,302 1,192 888 -
*Morningstar Peer Group: Large Blend
The performance analysis displayed is reflective of past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate over time. Current performance may differ from the performance displayed. Investing includes risk, including potential loss of principal. Carefully consider any and all investment objectives, risk factors and charges and expenses before investing. Contact your financial advisor or consultant for funds current performance and a copy of the most recent prospectus.

Contact (626) 578-0816 for most recent month end performance. © 2024 Retirement Plan Advisory Group. All Rights Reserved. Data provided by Morning Star, Inc. The information contained herein: (1) is proprietary to Retirement Plan Advisory Group (RPAG), and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither RPAG nor Morningstar is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For Sponsor use only. Fund fact sheet is not valid without disclaimer page. Reporting Date: 8/16/2024 33 iShares S&P 500 Growth ETF IVW
Category: Large Cap Growth 6/30/2024
Fund Strategy
The investment seeks to track the investment results of the S&P 500 Growth IndexTM composed of large-capitalization U.S. equities that exhibit growth characteristics. The index measures the performance of the large-capitalization growth sector of the U.S. equity market.

The fund generally will invest at least 80% of its assets in the component securities of its index and in investments that have economic characteristics that are substantially identical to the component securities of its index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Fund Information
Strategy Asset ($ mm): 52,722.00
Share Class Assets ($ mm):

Manager: Greg Savage
Manager Tenure: 17 Years
Portfolio Statistics
Alpha*: -1.72 P/E: -
Beta*: 0.98 P/B: -
as of date 6/28/2024SEC Yield (%): 0.49
Turnover: 31.00
as of date 6/30/2024
*Best fit index: Russell 1000 Growth TR USD
*3-year statistic: Russell 1000 Growth TR USD
Scorecard
Passive Strategies Ticker
Style Peer Group
Qual. (2pt
max)
Score
Style Style
Drift R Tracking
Error
TE
Rank
Expense
Rank
Return
Rank
SR Ratio
Rank
Q2
2024
iShares S&P 500
Growth ETF IVW
1 0 1 1 1 1 1 1 2 9

83.94/

96.00 6.19 97.9
7 3.03 63.00 25.00 71.00 67.00
-
LCG-P

0.18 Passive Strategies Score
6/30/2024
Score
3/31/2024
Score
12/31/2023
Score
9/30/2023
Score
6/30/2023
Score
3/31/2023
Score
12/31/2022
Score
9/30/2022
iShares S&P 500
Growth ETF
9 8 7 9 8 9 10 10

LCG-P LCG-P LCG-P LCG-P LCG-P LCG-P LCG-P LCG-P
The Scorecard Methodology incorporates both quantitative and qualitative factors into evaluating fund managers and their investment strategies (80% of the score is quantitative and 20% is qualitative). The scoring system is built around pass/fail criteria, on a scale of 0- 10 (with 10 being the best) and there is a fund history requirement (5 years for active strategies and 3 years for passive strategies). For Active and Asset Allocation Strategies, the Scorecard factors are weighted 30% to style, 30% to risk/return, 20% to peer group rankings and 20% to qualitative factors.
2 Top 10 Holdings(%) as of 6/28/2024
Microsoft Corp / MSFT 12.57
NVIDIA Corp / NVDA 11.50
Apple Inc / AAPL 11.49
Amazon.com Inc / AMZN 4.51
Meta Platforms Inc Class A / META 4.36
Alphabet Inc Class A / GOOGL 4.05
Alphabet Inc Class C / GOOG 3.39
Eli Lilly and Co / LLY 2.85
Broadcom Inc / AVGO 2.76
Tesla Inc / TSLA 2.17
% in Top 10 Holdings 59.66
# of Holdings 235
Asset Allocation (%) as of 6/28/2024
% Emerging Mkt: 0.00
Domestic Eq: 99.58
Int'l Equity: 0.29
Domestic Bond: 0.00
Int'l Bond: 0.00
Convertibles: 0.00
Preferred: 0.00
Cash: 0.13
Other: 0.00
Sector Allocation as of 6/28/2024
Utilities: 0.30
Real Estate: 0.68
Basic Materials: 1.23
Energy: 1.43
Cons Defensive: 2.63
Financial Services: 4.70
Industrials: 5.12
Healthcare: 7.32
Cons Cyclical: 11.51
Comm: 13.17
Technology: 51.92
Additional Information
Prospectus Net Exp. Ratio: 0.18
Prospectus Gross Exp. Ratio: 0.18
Avg Exp Ratio Morningstar (%): 0.95
%< Average Morningstar Exp Ratio: 0.77

12b-1 fees (%): -
Closed - New Inv: -
Closed - All Inv: -
Min Investment: $0
Waiver Amt: -
Waiver Exp Date: -
Strategy Inception: 5/22/2000
Share Class Inception: 1/1/0001
Performance Analysis as of 6/30/2024
QTR YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
iShares S&P 500 Growth ETF 9.53% 23.44% 32.27% 9.22% 16.66% 14.76% 7.81% Russell 1000 Growth Index 8.33% 20.70% 33.48% 11.28% 19.34% 16.33% Peer Group* 4.94% 17.60% 29.15% 6.15% 15.08% 13.40%
33%
22%
11%
0%
Peer Group Rank* 6 16 40 29 33 28 -
Peer Group Size (funds)* - - 1,162 1,092 1,019 794 -
*Morningstar Peer Group: Large Growth
The performance analysis displayed is reflective of past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate over time. Current performance may differ from the performance displayed. Investing includes risk, including potential loss of principal. Carefully consider any and all investment objectives, risk factors and charges and expenses before investing. Contact your financial advisor or consultant for funds current performance and a copy of the most recent prospectus.

Contact (626) 578-0816 for most recent month end performance. © 2024 Retirement Plan Advisory Group. All Rights Reserved. Data provided by Morning Star, Inc. The information contained herein: (1) is proprietary to Retirement Plan Advisory Group (RPAG), and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither RPAG nor Morningstar is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For Sponsor use only. Fund fact sheet is not valid without disclaimer page. Reporting Date: 8/16/2024 34 BlackRock U.S. Equity Factor Rttn ETF DYNF
Category: Large Cap Blend 6/30/2024
Fund Strategy
The investment seeks to outperform the investment results of the large- and mid-capitalization U.S. equity markets by providing diversified and tactical exposure to style factors via a factor rotation model. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets plus the amount of any borrowings for investment purposes in U.S. listed common stock of large- and mid-capitalization companies selected based on a proprietary Factor Rotation model developed by BFA and its affiliates.

Fund Information
Strategy Asset ($ mm): 9,696.00
Share Class Assets ($ mm):

Manager: Philip Hodges
Manager Tenure: 5 Years
Portfolio Statistics
Alpha*: 2.48 P/E: -
Beta*: 1.02 P/B: -
as of date 6/28/2024SEC Yield (%): 0.65
Turnover: 118.00
as of date 6/30/2024
*Best fit index: Morningstar US Large-Mid TR USD
*3-year statistic: Morningstar US Large-Mid TR USD
Scorecard
Active Strategies Ticker
Style Risk / Return Peer Group
Qual. (2pt
max)
Score
Style Style
Drift R Risk /
Return Up / Down Info
Ratio
Return
Rank
Info Ratio
Rank
Q2
2024
BlackRock U.S.

Equity Factor Rtt…
DYNF
1 1 1 1 1 1 1 1 2 10

17.66/

87.43 11.33 97.1
6 18.42/

14.96 99.62/

98.11 0.11 26.00 26.00
-
LCB

0.3 Active Strategies Score
6/30/2024
Score
3/31/2024
Score
12/31/2023
Score
9/30/2023
Score
6/30/2023
Score
3/31/2023
Score
12/31/2022
Score
9/30/2022
BlackRock U.S.

Equity Factor Rtt…
10 7 HIS HIS HIS HIS HIS HIS

LCB LCB - - - - - -
The Scorecard Methodology incorporates both quantitative and qualitative factors into evaluating fund managers and their investment strategies (80% of the score is quantitative and 20% is qualitative). The scoring system is built around pass/fail criteria, on a scale of 0- 10 (with 10 being the best) and there is a fund history requirement (5 years for active strategies and 3 years for passive strategies). For Active and Asset Allocation Strategies, the Scorecard factors are weighted 30% to style, 30% to risk/return, 20% to peer group rankings and 20% to qualitative factors.
2 Top 10 Holdings(%) as of 6/28/2024
NVIDIA Corp / NVDA 8.71
Microsoft Corp / MSFT 8.11
Apple Inc / AAPL 7.21
Amazon.com Inc / AMZN 4.45
JPMorgan Chase & Co / JPM 3.53
Meta Platforms Inc Class A / META 3.51
Visa Inc Class A / V 3.50
Berkshire Hathaway Inc Class B / BRK.B 3.44
Lennar Corp Class A / LEN 3.37
Alphabet Inc Class A / GOOGL 3.21
% in Top 10 Holdings 49.04
# of Holdings 126
Asset Allocation (%) as of 6/28/2024
% Emerging Mkt: 0.01
Domestic Eq: 99.04
Int'l Equity: 0.01
Domestic Bond: 0.00
Int'l Bond: 0.00
Convertibles: 0.00
Preferred: 0.00
Cash: 0.95
Other: 0.00
Sector Allocation as of 6/28/2024
Real Estate: 0.00
Basic Materials: 0.85
Utilities: 1.30
Energy: 3.28
Healthcare: 3.55
Cons Defensive: 4.20
Industrials: 5.66
Comm: 9.19
Cons Cyclical: 14.24
Financial Services: 19.11
Technology: 38.63
Additional Information
Prospectus Net Exp. Ratio: 0.30
Prospectus Gross Exp. Ratio: 0.30
Avg Exp Ratio Morningstar (%): 0.78
%< Average Morningstar Exp Ratio: 0.48

12b-1 fees (%): -
Closed - New Inv: -
Closed - All Inv: -
Min Investment: $0
Waiver Amt: -
Waiver Exp Date: -
Strategy Inception: 3/19/2019
Share Class Inception: 1/1/0001
Performance Analysis as of 6/30/2024
QTR YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
BlackRock U.S. Equity Factor Rttn ETF5.86% 18.75% 31.90% 11.71% 14.96% 15.14% Russell 1000 Index 3.57% 14.24% 23.88% 8.74% 14.61% 12.51% Peer Group* 2.41% 12.64% 21.37% 7.97% 13.28% 11.23%
31%
20%
10%
0%
Peer Group Rank* 4 5 3 4 21 - -
Peer Group Size (funds)* - - 1,415 1,302 1,192 888 -
*Morningstar Peer Group: Large Blend
The performance analysis displayed is reflective of past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate over time. Current performance may differ from the performance displayed. Investing includes risk, including potential loss of principal. Carefully consider any and all investment objectives, risk factors and charges and expenses before investing. Contact your financial advisor or consultant for funds current performance and a copy of the most recent prospectus.

Contact (626) 578-0816 for most recent month end performance. © 2024 Retirement Plan Advisory Group. All Rights Reserved. Data provided by Morning Star, Inc. The information contained herein: (1) is proprietary to Retirement Plan Advisory Group (RPAG), and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither RPAG nor Morningstar is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For Sponsor use only. Fund fact sheet is not valid without disclaimer page. Reporting Date: 8/16/2024 35 iShares S&P 500 Value ETF IVE
Category: Large Cap Value 6/30/2024
Fund Strategy
The investment seeks to track the investment results of the S&P 500 Value IndexTM composed of large-capitalization U.S. equities that exhibit value characteristics. The index measures the performance of the large-capitalization value sector of the U.S. equity market. The fund generally will invest at least 80% of its assets in the component securities of its index and in investments that have economic characteristics that are substantially identical to the component securities of its index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.

Fund Information
Strategy Asset ($ mm): 32,807.00
Share Class Assets ($ mm):

Manager: Greg Savage
Manager Tenure: 17 Years
Portfolio Statistics
Alpha*: 3.66 P/E: -
Beta*: 0.99 P/B: -
as of date 6/28/2024SEC Yield (%): 2.09
Turnover: 32.00
as of date 6/30/2024
*Best fit index: Russell 1000 Value TR USD
*3-year statistic: Russell 1000 Value TR USD
Scorecard
Passive Strategies Ticker
Style Peer Group
Qual. (2pt
max)
Score
Style Style
Drift R Tracking
Error
TE
Rank
Expense
Rank
Return
Rank
SR Ratio
Rank
Q2
2024
iShares S&P 500
Value ETF IVE
1 0 1 1 1 1 1 1 2 9
-76.81/

97.67 7.51 97.4
8 2.65 64.00 25.00 4.00 4.00
-
LCV-P

0.18 Passive Strategies Score
6/30/2024
Score
3/31/2024
Score
12/31/2023
Score
9/30/2023
Score
6/30/2023
Score
3/31/2023
Score
12/31/2022
Score
9/30/2022
iShares S&P 500
Value ETF
9 9 9 9 9 10 10 10

LCV-P LCV-P LCV-P LCV-P LCV-P LCV-P LCV-P LCV-P
The Scorecard Methodology incorporates both quantitative and qualitative factors into evaluating fund managers and their investment strategies (80% of the score is quantitative and 20% is qualitative). The scoring system is built around pass/fail criteria, on a scale of 0- 10 (with 10 being the best) and there is a fund history requirement (5 years for active strategies and 3 years for passive strategies). For Active and Asset Allocation Strategies, the Scorecard factors are weighted 30% to style, 30% to risk/return, 20% to peer group rankings and 20% to qualitative factors.
2 Top 10 Holdings(%) as of 6/28/2024
Berkshire Hathaway Inc Class B / BRK.B 3.78
JPMorgan Chase & Co / JPM 2.98
Exxon Mobil Corp / XOM 2.65
Johnson & Johnson / JNJ 1.80
UnitedHealth Group Inc / UNH 1.49
Walmart Inc / WMT 1.48
Bank of America Corp / BAC 1.39
Chevron Corp / CVX 1.38
Procter & Gamble Co / PG 1.22
Costco Wholesale Corp / COST 1.12
% in Top 10 Holdings 19.29
# of Holdings 443
Asset Allocation (%) as of 6/28/2024
% Emerging Mkt: 0.00
Domestic Eq: 98.76
Int'l Equity: 0.95
Domestic Bond: 0.00
Int'l Bond: 0.00
Convertibles: 0.00
Preferred: 0.00
Cash: 0.29
Other: 0.00
Sector Allocation as of 6/28/2024
Basic Materials: 3.00
Real Estate: 4.19
Comm: 4.46
Utilities: 5.18
Cons Cyclical: 5.64
Energy: 6.75
Technology: 9.07
Cons Defensive: 10.14
Industrials: 11.18
Healthcare: 18.16
Financial Services: 22.21
Additional Information
Prospectus Net Exp. Ratio: 0.18
Prospectus Gross Exp. Ratio: 0.18
Avg Exp Ratio Morningstar (%): 0.90
%< Average Morningstar Exp Ratio: 0.72
12b-1 fees (%): -
Closed - New Inv: -
Closed - All Inv: -
Min Investment: $0
Waiver Amt: -
Waiver Exp Date: -
Strategy Inception: 5/22/2000
Share Class Inception: 1/1/0001
Performance Analysis as of 6/30/2024
QTR YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
iShares S&P 500 Value ETF -2.14% 5.69% 15.08% 9.39% 11.70% 9.71% 7.03% Russell 1000 Value Index -2.17% 6.62% 13.06% 5.52% 9.01% 8.23% Peer Group* -1.44% 7.33% 14.82% 6.46% 9.86% 8.44%
15%
9%
3%
-2%
Peer Group Rank* 63 69 46 9 21 19 -
Peer Group Size (funds)* - - 1,180 1,099 1,035 809 -
*Morningstar Peer Group: Large Value
The performance analysis displayed is reflective of past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate over time. Current performance may differ from the performance displayed. Investing includes risk, including potential loss of principal. Carefully consider any and all investment objectives, risk factors and charges and expenses before investing. Contact your financial advisor or consultant for funds current performance and a copy of the most recent prospectus.

Contact (626) 578-0816 for most recent month end performance. © 2024 Retirement Plan Advisory Group. All Rights Reserved. Data provided by Morning Star, Inc. The information contained herein: (1) is proprietary to Retirement Plan Advisory Group (RPAG), and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither RPAG nor Morningstar is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For Sponsor use only. Fund fact sheet is not valid without disclaimer page. Reporting Date: 8/16/2024 36 Vanguard Information Technology ETF VGT
Category: Technology 6/30/2024
Fund Strategy
The investment seeks to track the performance of the MSCI US Investable Market Index/Information Technology 25/50. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index/Information Technology 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the information technology sector, as classified under the GICS. The Advisor attempts to replicate the target index by seeking to invest all of its assets in the stocks that make up the index, in order to hold each stock in approximately the same proportion as its weighting in the index. It is non-diversified.

Fund Information
Strategy Asset ($ mm): 87,562.00
Share Class Assets ($ mm):

Manager: Walter Nejman
Manager Tenure: 9 Years
Portfolio Statistics
Alpha*: -2.57 P/E: -
Beta*: 0.94 P/B: -
as of date 5/31/2024SEC Yield (%): 0.53
Turnover: 15.00
as of date 6/30/2024
*Best fit index: Morningstar US Tech TR USD
*3-year statistic: Morningstar US Tech TR USD
Scorecard
Passive Strategies Ticker
Style Peer Group
Qual. (2pt
max)
Score
Style Style
Drift R Tracking
Error
TE
Rank
Expense
Rank
Return
Rank
SR Ratio
Rank
Q2
2024
Vanguard Information
Technology ETF VGT
1 1 1 1 1 1 1 1 2 10
-88.42/

89.61 2.87 99.1
4 2.28 1.00 2.00 17.00 13.00
-
TEC-P

0.1 Passive Strategies Score
6/30/2024
Score
3/31/2024
Score
12/31/2023
Score
9/30/2023
Score
6/30/2023
Score
3/31/2023
Score
12/31/2022
Score
9/30/2022
Vanguard Information
Technology ETF
10 10 10 10 10 10 10 10

TEC-P TEC-P TEC-P TEC-P TEC-P TEC-P TEC-P TEC-P
The Scorecard Methodology incorporates both quantitative and qualitative factors into evaluating fund managers and their investment strategies (80% of the score is quantitative and 20% is qualitative). The scoring system is built around pass/fail criteria, on a scale of 0- 10 (with 10 being the best) and there is a fund history requirement (5 years for active strategies and 3 years for passive strategies). For Active and Asset Allocation Strategies, the Scorecard factors are weighted 30% to style, 30% to risk/return, 20% to peer group rankings and 20% to qualitative factors.
2 Top 10 Holdings(%) as of 5/31/2024
Microsoft Corp / MSFT 16.72
Apple Inc / AAPL 15.86
NVIDIA Corp / NVDA 14.03
Broadcom Inc / AVGO 4.17
Advanced Micro Devices Inc / AMD 1.92
Qualcomm Inc / QCOM 1.63
Salesforce Inc / CRM 1.62
Adobe Inc / ADBE 1.43
Oracle Corp / ORCL 1.38
Cisco Systems Inc / CSCO 1.34
% in Top 10 Holdings 60.09
# of Holdings 324
Asset Allocation (%) as of 5/31/2024
% Emerging Mkt: 0.15
Domestic Eq: 98.63
Int'l Equity: 0.99
Domestic Bond: 0.00
Int'l Bond: 0.00
Convertibles: 0.00
Preferred: 0.00
Cash: 0.38
Other: 0.00
Sector Allocation as of 5/31/2024
Cons Cyclical: 0.00
Cons Defensive: 0.00
Real Estate: 0.00
Energy: 0.00
Utilities: 0.00
Basic Materials: 0.01
Healthcare: 0.01
Comm: 0.12
Financial Services: 0.26
Industrials: 0.37
Technology: 99.23
Additional Information
Prospectus Net Exp. Ratio: 0.10
Prospectus Gross Exp. Ratio: 0.10
Avg Exp Ratio Morningstar (%): 0.97
%< Average Morningstar Exp Ratio: 0.87

12b-1 fees (%): -
Closed - New Inv: -
Closed - All Inv: -
Min Investment: $0
Waiver Amt: -
Waiver Exp Date: -
Strategy Inception: 1/26/2004
Share Class Inception: 1/1/0001
Performance Analysis as of 6/30/2024
QTR YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
Vanguard Information Technology ETF 10.06% 19.52% 31.25% 13.96% 23.34% 20.87% 13.62% S&P 1500 Information Technology 13.44% 27.75% 40.82% 19.26% 26.63% 22.31% Peer Group* 3.18% 12.59% 24.08% 1.72% 15.33% 16.19%
40%
26%
13%
0%
Peer Group Rank* 13 33 38 12 18 15 -
Peer Group Size (funds)* - - 263 231 201 155 -
*Morningstar Peer Group: Technology
The performance analysis displayed is reflective of past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate over time. Current performance may differ from the performance displayed. Investing includes risk, including potential loss of principal. Carefully consider any and all investment objectives, risk factors and charges and expenses before investing. Contact your financial advisor or consultant for funds current performance and a copy of the most recent prospectus.

Contact (626) 578-0816 for most recent month end performance. © 2024 Retirement Plan Advisory Group. All Rights Reserved. Data provided by Morning Star, Inc. The information contained herein: (1) is proprietary to Retirement Plan Advisory Group (RPAG), and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither RPAG nor Morningstar is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For Sponsor use only. Fund fact sheet is not valid without disclaimer page. Reporting Date: 8/16/2024 37 iShares Global Energy ETF IXC
Category: Equity Energy 6/30/2024
Fund Strategy
The investment seeks to track the investment results of the S&P Global 1200 Energy 4.5/22.5/45 Capped IndexTM. The fund generally invests at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is designed to measure the performance of global equities in the energy sector. The fund is non-diversified.

Fund Information
Strategy Asset ($ mm): 2,355.00
Share Class Assets ($ mm):

Manager: Greg Savage
Manager Tenure: 17 Years
Portfolio Statistics
Alpha*: - P/E: -
Beta*: 0.85 P/B: -
as of date 6/28/2024SEC Yield (%): 3.17
Turnover: 7.00
as of date 6/30/2024
*Best fit index: S&P 1500 Energy TR
*3-year statistic: S&P 1500 Energy TR
Scorecard
Passive Strategies Ticker
Style Peer Group
Qual. (2pt
max)
Score
Style Style
Drift R Tracking
Error
TE
Rank
Expense
Rank
Return
Rank
SR Ratio
Rank
Q2
2024
iShares Global
Energy ETF IXC
1 1 1 0 1 1 1 1 2 9
-67.71/

84.73 6.71 97.9
1 5.62 58.00 53.00 65.00 7.00
-
EQE-P

0.44 Passive Strategies Score
6/30/2024
Score
3/31/2024
Score
12/31/2023
Score
9/30/2023
Score
6/30/2023
Score
3/31/2023
Score
12/31/2022
Score
9/30/2022
iShares Global
Energy ETF
9 9 7 7 6 4 6 4

EQE-P EQE-P EQE-P EQE-P EQE-P EQE-P EQE-P EQE-P
The Scorecard Methodology incorporates both quantitative and qualitative factors into evaluating fund managers and their investment strategies (80% of the score is quantitative and 20% is qualitative). The scoring system is built around pass/fail criteria, on a scale of 0- 10 (with 10 being the best) and there is a fund history requirement (5 years for active strategies and 3 years for passive strategies). For Active and Asset Allocation Strategies, the Scorecard factors are weighted 30% to style, 30% to risk/return, 20% to peer group rankings and 20% to qualitative factors.
2 Top 10 Holdings(%) as of 6/28/2024
Exxon Mobil Corp / XOM 18.37
Chevron Corp / CVX 9.54
Shell PLC / SHEL 8.15
TotalEnergies SE / TTE 5.28
ConocoPhillips / COP 4.49
BP PLC / BP. 3.59
Canadian Natural Resources Ltd / CNQ 2.73
Enbridge Inc / ENB 2.70
EOG Resources Inc / EOG 2.59
Schlumberger Ltd / SLB 2.41
% in Top 10 Holdings 59.85
# of Holdings 68
Asset Allocation (%) as of 6/28/2024
% Emerging Mkt: 3.63
Domestic Eq: 59.39
Int'l Equity: 40.04
Domestic Bond: 0.00
Int'l Bond: 0.00
Convertibles: 0.00
Preferred: 0.00
Cash: 0.57
Other: 0.00
Sector Allocation as of 6/28/2024
Technology: 0.00
Comm: 0.00
Cons Cyclical: 0.00
Cons Defensive: 0.00
Basic Materials: 0.00
Financial Services: 0.00
Real Estate: 0.00
Healthcare: 0.00
Utilities: 0.00
Industrials: 0.10
Energy: 99.90
Additional Information
Prospectus Net Exp. Ratio: 0.44
Prospectus Gross Exp. Ratio: 0.44
Avg Exp Ratio Morningstar (%): 0.99
%< Average Morningstar Exp Ratio: 0.55

12b-1 fees (%): -
Closed - New Inv: -
Closed - All Inv: -
Min Investment: $0
Waiver Amt: -
Waiver Exp Date: -
Strategy Inception: 11/12/2001
Share Class Inception: 1/1/0001
Performance Analysis as of 6/30/2024
QTR YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
iShares Global Energy ETF -1.09% 8.51% 16.06% 21.08% 10.18% 2.51% 7.19% S&P 1500 Energy -2.66% 10.65% 16.15% 23.83% 12.63% 2.53% Peer Group* -1.75% 6.57% 12.86% 16.03% 9.45% -3.01%
23%
14%
5%
-3%
Peer Group Rank* 39 57 58 41 56 21 -
Peer Group Size (funds)* - - 75 70 68 61 -
*Morningstar Peer Group: Equity Energy
The performance analysis displayed is reflective of past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate over time. Current performance may differ from the performance displayed. Investing includes risk, including potential loss of principal. Carefully consider any and all investment objectives, risk factors and charges and expenses before investing. Contact your financial advisor or consultant for funds current performance and a copy of the most recent prospectus.

Contact (626) 578-0816 for most recent month end performance. © 2024 Retirement Plan Advisory Group. All Rights Reserved. Data provided by Morning Star, Inc. The information contained herein: (1) is proprietary to Retirement Plan Advisory Group (RPAG), and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither RPAG nor Morningstar is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For Sponsor use only. Fund fact sheet is not valid without disclaimer page. Reporting Date: 8/16/2024 38 iShares US Energy ETF IYE
Category: Equity Energy 6/30/2024
Fund Strategy
The investment seeks to track the investment results of the Russell 1000 Energy RIC 22.5/45 Capped Index composed of U.S. equities in the energy sector. The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The underlying index measures the performance of the energy sector of the U.S. equity market. The fund is non-diversified.

Fund Information
Strategy Asset ($ mm): 1,320.00
Share Class Assets ($ mm):

Manager: Greg Savage
Manager Tenure: 17 Years
Portfolio Statistics
Alpha*: -0.95 P/E: -
Beta*: 0.98 P/B: -
as of date 6/28/2024SEC Yield (%): 2.56
Turnover: 10.00
as of date 6/30/2024
*Best fit index: Morningstar US Enrg Capped TR USD
*3-year statistic: Morningstar US Enrg Capped TR USD
Scorecard
Passive Strategies Ticker
Style Peer Group
Qual. (2pt
max)
Score
Style Style
Drift R Tracking
Error
TE
Rank
Expense
Rank
Return
Rank
SR Ratio
Rank
Q2
2024
iShares US Energy

ETF IYE
1 1 1 1 1 1 1 1 2 10
-88.73/

92.43 1.51 99.3
4 2.60 53.00 42.00 58.00 51.00
-
EQE-P

0.4 Passive Strategies Score
6/30/2024
Score
3/31/2024
Score
12/31/2023
Score
9/30/2023
Score
6/30/2023
Score
3/31/2023
Score
12/31/2022
Score
9/30/2022
iShares US Energy
ETF
10 10 10 9 9 9 10 10

EQE-P EQE-P EQE-P EQE-P EQE-P EQE-P EQE-P EQE-P
The Scorecard Methodology incorporates both quantitative and qualitative factors into evaluating fund managers and their investment strategies (80% of the score is quantitative and 20% is qualitative). The scoring system is built around pass/fail criteria, on a scale of 0- 10 (with 10 being the best) and there is a fund history requirement (5 years for active strategies and 3 years for passive strategies). For Active and Asset Allocation Strategies, the Scorecard factors are weighted 30% to style, 30% to risk/return, 20% to peer group rankings and 20% to qualitative factors.
2 Top 10 Holdings(%) as of 6/28/2024
Exxon Mobil Corp / XOM 22.89
Chevron Corp / CVX 15.08
ConocoPhillips / COP 7.28
EOG Resources Inc / EOG 4.58
Schlumberger Ltd / SLB 4.16
Marathon Petroleum Corp / MPC 3.71
Phillips 66 / PSX 3.56
Williams Companies Inc / WMB 2.91
Valero Energy Corp / VLO 2.82
ONEOK Inc / OKE 2.57
% in Top 10 Holdings 69.57
# of Holdings 47
Asset Allocation (%) as of 6/28/2024
% Emerging Mkt: 0.00
Domestic Eq: 99.82
Int'l Equity: 0.00
Domestic Bond: 0.00
Int'l Bond: 0.00
Convertibles: 0.00
Preferred: 0.00
Cash: 0.18
Other: 0.00
Sector Allocation as of 6/28/2024
Comm: 0.00
Cons Cyclical: 0.00
Cons Defensive: 0.00
Industrials: 0.00
Basic Materials: 0.00
Financial Services: 0.00
Real Estate: 0.00
Healthcare: 0.00
Utilities: 0.08
Technology: 1.98
Energy: 97.94
Additional Information
Prospectus Net Exp. Ratio: 0.40
Prospectus Gross Exp. Ratio: 0.40
Avg Exp Ratio Morningstar (%): 0.99
%< Average Morningstar Exp Ratio: 0.59

12b-1 fees (%): -
Closed - New Inv: -
Closed - All Inv: -
Min Investment: $0
Waiver Amt: -
Waiver Exp Date: -
Strategy Inception: 6/12/2000
Share Class Inception: 1/1/0001
Performance Analysis as of 6/30/2024
QTR YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
iShares US Energy ETF -2.15% 10.22% 15.16% 22.17% 11.55% 1.80% 6.80% S&P 1500 Energy -2.66% 10.65% 16.15% 23.83% 12.63% 2.53% Peer Group* -1.75% 6.57% 12.86% 16.03% 9.45% -3.01%
23%
14%
5%
-3%
Peer Group Rank* 46 26 71 29 47 36 -
Peer Group Size (funds)* - - 75 70 68 61 -
*Morningstar Peer Group: Equity Energy
The performance analysis displayed is reflective of past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate over time. Current performance may differ from the performance displayed. Investing includes risk, including potential loss of principal. Carefully consider any and all investment objectives, risk factors and charges and expenses before investing. Contact your financial advisor or consultant for funds current performance and a copy of the most recent prospectus.

Contact (626) 578-0816 for most recent month end performance. © 2024 Retirement Plan Advisory Group. All Rights Reserved. Data provided by Morning Star, Inc. The information contained herein: (1) is proprietary to Retirement Plan Advisory Group (RPAG), and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither RPAG nor Morningstar is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For Sponsor use only. Fund fact sheet is not valid without disclaimer page. Reporting Date: 8/16/2024 39 iShares US Infrastructure ETF IFRA
Category: Specialty 6/30/2024
Fund Strategy
The investment seeks to track the NYSE® FactSet U.S. Infrastructure Index (the "underlying index") composed of equities of U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities. The fund will invest at least 80% of its assets in the component securities of the index and in investments that are substantially identical to the component securities of the index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, as well as in securities not included in the index, but which BFA believes will help the fund track the index.

Fund Information
Strategy Asset ($ mm): 2,357.00
Share Class Assets ($ mm):

Manager: Jennifer Hsui
Manager Tenure: 6 Years
Portfolio Statistics
Alpha*: 4.50 P/E: -
Beta*: 1.00 P/B: -
as of date 6/28/2024SEC Yield (%): 2.07
Turnover: 32.00
as of date 6/30/2024
*Best fit index: Russell Mid Cap Value TR USD
*3-year statistic: Russell Mid Cap Value TR USD
Scorecard
Passive Strategies Ticker
Style Peer Group
Qual. (2pt
max)
Score
Style Style
Drift R Tracking
Error
TE
Rank
Expense
Rank
Return
Rank
SR Ratio
Rank
Q2
2024
iShares US
Infrastructure ETF IFRA
- - - - - - SPC
- - - - - - - -
-
SPC

0.3 Passive Strategies Score
6/30/2024
Score
3/31/2024
Score
12/31/2023
Score
9/30/2023
Score
6/30/2023
Score
3/31/2023
Score
12/31/2022
Score
9/30/2022
iShares US
Infrastructure ETF

SPC SPC SPC SPC SPC SPC SPC SPC
- - - - - - - -
The Scorecard Methodology incorporates both quantitative and qualitative factors into evaluating fund managers and their investment strategies (80% of the score is quantitative and 20% is qualitative). The scoring system is built around pass/fail criteria, on a scale of 0- 10 (with 10 being the best) and there is a fund history requirement (5 years for active strategies and 3 years for passive strategies). For Active and Asset Allocation Strategies, the Scorecard factors are weighted 30% to style, 30% to risk/return, 20% to peer group rankings and 20% to qualitative factors.
2 Top 10 Holdings(%) as of 6/28/2024
ONE Gas Inc / OGS 0.77
EnLink Midstream LLC / ENLC 0.77
Williams Companies Inc / WMB 0.76
DT Midstream Inc Ordinary Shares / DTM 0.76
Kinetik Holdings Inc / KNTK 0.76
ONEOK Inc / OKE 0.76
Artesian Resources Corp Class A / ARTNA 0.75
SJW Group / SJW 0.75
CenterPoint Energy Inc / CNP 0.75
American States Water Co / AWR 0.75
% in Top 10 Holdings 7.59
# of Holdings 167
Asset Allocation (%) as of 6/28/2024
% Emerging Mkt: 0.00
Domestic Eq: 94.75
Int'l Equity: 5.06
Domestic Bond: 0.00
Int'l Bond: 0.00
Convertibles: 0.00
Preferred: 0.00
Cash: 0.19
Other: 0.00
Risk Bucket as of 6/30/2024
Risk Bucket Risk Range Risk (X)
Aggressive 16.00X≤18.50 -
Moderate Aggressive 13.50X≤16.00 -
Moderate 10.75X≤13.50 -
Moderate Conservative 8.50X≤10.75 -
Conservative 5.50X≤8.50 -
Additional Information
Prospectus Net Exp. Ratio: 0.30
Prospectus Gross Exp. Ratio: 0.30
Avg Exp Ratio Morningstar (%): 1.09
%< Average Morningstar Exp Ratio: 0.79

12b-1 fees (%): -
Closed - New Inv: -
Closed - All Inv: -
Min Investment: $0
Waiver Amt: -
Waiver Exp Date: -
Strategy Inception: 4/3/2018
Share Class Inception: 1/1/0001
Performance Analysis as of 6/30/2024
QTR YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
iShares US Infrastructure ETF -2.41% 5.56% 10.02% 8.27% 11.28% 10.84%

Peer Group* -0.06% 0.40% 2.51% 1.50% 4.76% 4.43%
11%
6%
2%
-2%
Peer Group Rank* 92 9 7 6 7 - -
Peer Group Size (funds)* - - 104 92 84 54 -
*Morningstar Peer Group: Infrastructure
The performance analysis displayed is reflective of past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate over time. Current performance may differ from the performance displayed. Investing includes risk, including potential loss of principal. Carefully consider any and all investment objectives, risk factors and charges and expenses before investing. Contact your financial advisor or consultant for funds current performance and a copy of the most recent prospectus.

Contact (626) 578-0816 for most recent month end performance. © 2024 Retirement Plan Advisory Group. All Rights Reserved. Data provided by Morning Star, Inc. The information contained herein: (1) is proprietary to Retirement Plan Advisory Group (RPAG), and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither RPAG nor Morningstar is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For Sponsor use only. Fund fact sheet is not valid without disclaimer page. Reporting Date: 8/16/2024 40 iShares MSCI EAFE Growth ETF EFG
Category: International Large Cap Growth 6/30/2024
Fund Strategy
The investment seeks to track the investment results of the MSCI EAFE Growth Index composed of developed market equities, excluding the U.S. and Canada, that exhibit growth characteristics. The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The index is a subset of the MSCI EAFE Index. Constituents of the underlying index include securities of companies located in Europe, Australasia and the Far East.

Fund Information
Strategy Asset ($ mm): 14,591.00
Share Class Assets ($ mm):

Manager: Greg Savage
Manager Tenure: 17 Years
Portfolio Statistics
Alpha*: 3.31 P/E: -
Beta*: 1.09 P/B: -
as of date 6/28/2024SEC Yield (%): 1.22
Turnover: 19.00
as of date 6/30/2024
*Best fit index: MSCI ACWI Ex USA Growth NR USD
*3-year statistic: MSCI ACWI Ex USA Growth NR USD
Scorecard
Passive Strategies Ticker
Style Peer Group
Qual. (2pt
max)
Score
Style Style
Drift R Tracking
Error
TE
Rank
Expense
Rank
Return
Rank
SR Ratio
Rank
Q2
2024
iShares MSCI EAFE
Growth ETF EFG
1 1 1 1 1 1 1 1 2 10
100.00/

94.95 5.98 97.9
4 3.06 12.00 9.00 51.00 51.00
-
ILCG-P

0.36 Passive Strategies Score
6/30/2024
Score
3/31/2024
Score
12/31/2023
Score
9/30/2023
Score
6/30/2023
Score
3/31/2023
Score
12/31/2022
Score
9/30/2022
iShares MSCI EAFE
Growth ETF
10 10 10 10 10 10 10 10

ILCG-P ILCG-P ILCG-P ILCG-P ILCG-P ILCG-P ILCG-P ILCG-P The Scorecard Methodology incorporates both quantitative and qualitative factors into evaluating fund managers and their investment strategies (80% of the score is quantitative and 20% is qualitative). The scoring system is built around pass/fail criteria, on a scale of 0- 10 (with 10 being the best) and there is a fund history requirement (5 years for active strategies and 3 years for passive strategies). For Active and Asset Allocation Strategies, the Scorecard factors are weighted 30% to style, 30% to risk/return, 20% to peer group rankings and 20% to qualitative factors.
2 Top 10 Holdings(%) as of 6/28/2024
Novo Nordisk A/S Class B / NOVO B 5.61
ASML Holding NV / ASML 4.91
AstraZeneca PLC / AZN 2.88
SAP SE / SAP 2.52
Lvmh Moet Hennessy Louis Vuitton SE / MC 2.51
Nestle SA / NESN 2.10
Commonwealth Bank of Australia / CBA 1.69
Toyota Motor Corp / 7203 1.68
Schneider Electric SE / SU 1.56
Sony Group Corp / 6758 1.26
% in Top 10 Holdings 26.72
# of Holdings 391
Asset Allocation (%) as of 6/28/2024
% Emerging Mkt: 0.04
Domestic Eq: 0.82
Int'l Equity: 98.75
Domestic Bond: 0.00
Int'l Bond: 0.00
Convertibles: 0.00
Preferred: 0.00
Cash: 0.43
Other: 0.00
Country Exposure(%) as of 6/28/2024
US: 0.82
Canada: 0.00
Latin America: 0.00
United Kingdom: 12.23
EuroZone: 31.73
Europe ex-EuroZone: 21.29
Europe Emerging: 0.04
Africa: 0.00
Middle East: 0.49
Japan: 22.75
Australasia: 7.67
Asia Developed: 2.98
Asia Emerging: 0.00
Additional Information
Prospectus Net Exp. Ratio: 0.36
Prospectus Gross Exp. Ratio: 0.36
Avg Exp Ratio Morningstar (%): 1.00
%< Average Morningstar Exp Ratio: 0.64

12b-1 fees (%): -
Closed - New Inv: -
Closed - All Inv: -
Min Investment: $0
Waiver Amt: -
Waiver Exp Date: -
Strategy Inception: 8/1/2005
Share Class Inception: 1/1/0001
Performance Analysis as of 6/30/2024
QTR YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
iShares MSCI EAFE Growth ETF -0.89% 6.09% 8.69% -0.12% 6.22% 5.16% 5.59% MSCI EAFE Large Growth ND USD -0.17% 7.49% 10.03% 1.45% 7.28% 5.95% Peer Group* -0.26% 6.38% 9.87% -2.28% 6.16% 5.36%
10%
6%
2%
-2%
Peer Group Rank* 68 49 58 38 49 48 -
Peer Group Size (funds)* - - 398 383 331 221 -
*Morningstar Peer Group: Foreign Large Growth
The performance analysis displayed is reflective of past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate over time. Current performance may differ from the performance displayed. Investing includes risk, including potential loss of principal. Carefully consider any and all investment objectives, risk factors and charges and expenses before investing. Contact your financial advisor or consultant for funds current performance and a copy of the most recent prospectus.

Contact (626) 578-0816 for most recent month end performance. © 2024 Retirement Plan Advisory Group. All Rights Reserved. Data provided by Morning Star, Inc. The information contained herein: (1) is proprietary to Retirement Plan Advisory Group (RPAG), and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither RPAG nor Morningstar is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For Sponsor use only. Fund fact sheet is not valid without disclaimer page. Reporting Date: 8/16/2024 41 JPMorgan BetaBuilders Japan ETF BBJP
Category: Specialty 6/30/2024
Fund Strategy
The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Morningstar® Japan Target Market Exposure IndexSM. The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index is a free float adjusted market capitalization weighted index which consists of stocks traded primarily on the Tokyo Stock Exchange or the Nagoya Stock Exchange. The fund may invest up to 20% of its assets in exchange-traded futures and forward foreign currency contracts to seek performance that corresponds to the underlying index.

Fund Information
Strategy Asset ($ mm): 11,833.00
Share Class Assets ($ mm):

Manager: Nicholas D'Eramo
Manager Tenure: 6 Years
Portfolio Statistics
Alpha*: 0.12 P/E: -
Beta*: 0.98 P/B: -
as of date 6/28/2024SEC Yield (%): 1.82
Turnover: 3.00
as of date 6/30/2024
*Best fit index: MSCI Japan NR USD
*3-year statistic: MSCI Japan NR USD
Scorecard
Passive Strategies Ticker
Style Peer Group
Qual. (2pt
max)
Score
Style Style
Drift R Tracking
Error
TE
Rank
Expense
Rank
Return
Rank
SR Ratio
Rank
Q2
2024
JPMorgan
BetaBuilders Jap …
BBJP
- - - - - - SPC
- - - - - - - -
-
SPC

0.19 Passive Strategies Score
6/30/2024
Score
3/31/2024
Score
12/31/2023
Score
9/30/2023
Score
6/30/2023
Score
3/31/2023
Score
12/31/2022
Score
9/30/2022
JPMorgan
BetaBuilders Jap …

SPC SPC SPC SPC SPC SPC SPC SPC
- - - - - - - -
The Scorecard Methodology incorporates both quantitative and qualitative factors into evaluating fund managers and their investment strategies (80% of the score is quantitative and 20% is qualitative). The scoring system is built around pass/fail criteria, on a scale of 0- 10 (with 10 being the best) and there is a fund history requirement (5 years for active strategies and 3 years for passive strategies). For Active and Asset Allocation Strategies, the Scorecard factors are weighted 30% to style, 30% to risk/return, 20% to peer group rankings and 20% to qualitative factors.
2 Top 10 Holdings(%) as of 6/28/2024
Toyota Motor Corp / 7203 5.96
Mitsubishi UFJ Financial Group Inc / 8306 3.11
Hitachi Ltd / 6501 2.56
Sony Group Corp / 6758 2.47
Tokyo Electron Ltd / 8035 2.40
Sumitomo Mitsui Financial Group Inc / 8316 2.17
Recruit Holdings Co Ltd / 6098 2.05
Keyence Corp / 6861 2.01
Mitsubishi Corp / 8058 1.98
Shin-Etsu Chemical Co Ltd / 4063 1.91
% in Top 10 Holdings 26.61
# of Holdings 229
Asset Allocation (%) as of 6/28/2024
% Emerging Mkt: 0.00
Domestic Eq: 0.00
Int'l Equity: 99.33
Domestic Bond: 0.00
Int'l Bond: 0.00
Convertibles: 0.00
Preferred: 0.00
Cash: 0.67
Other: 0.00
Risk Bucket as of 6/30/2024
Risk Bucket Risk Range Risk (X)
Aggressive 16.00X≤18.50 -
Moderate Aggressive 13.50X≤16.00 -
Moderate 10.75X≤13.50 -
Moderate Conservative 8.50X≤10.75 -
Conservative 5.50X≤8.50 -
Additional Information
Prospectus Net Exp. Ratio: 0.19
Prospectus Gross Exp. Ratio: 0.19
Avg Exp Ratio Morningstar (%): 0.76
%< Average Morningstar Exp Ratio: 0.57

12b-1 fees (%): -
Closed - New Inv: -
Closed - All Inv: -
Min Investment: $0
Waiver Amt: 0.17
Waiver Exp Date: 2/28/2022
Strategy Inception: 6/15/2018
Share Class Inception: 1/1/0001
Performance Analysis as of 6/30/2024
QTR YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
JPMorgan BetaBuilders Japan ETF -3.80% 7.16% 12.71% 2.40% 6.52% 4.08%

Peer Group* -1.66% 9.17% 16.36% 4.89% 7.80% 6.80%
16%
9%
3%
-3%
Peer Group Rank* 75 40 50 46 28 - -
Peer Group Size (funds)* - - 37 36 32 23 -
*Morningstar Peer Group: Japan Stock
The performance analysis displayed is reflective of past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate over time. Current performance may differ from the performance displayed. Investing includes risk, including potential loss of principal. Carefully consider any and all investment objectives, risk factors and charges and expenses before investing. Contact your financial advisor or consultant for funds current performance and a copy of the most recent prospectus.

Contact (626) 578-0816 for most recent month end performance. © 2024 Retirement Plan Advisory Group. All Rights Reserved. Data provided by Morning Star, Inc. The information contained herein: (1) is proprietary to Retirement Plan Advisory Group (RPAG), and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither RPAG nor Morningstar is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For Sponsor use only. Fund fact sheet is not valid without disclaimer page. Reporting Date: 8/16/2024 42 iShares MSCI EAFE Value ETF EFV
Category: International Large Cap Value 6/30/2024
Fund Strategy
The investment seeks to track the investment results of the MSCI EAFE Value Index composed of developed market equities, excluding the U.S. and Canada, that exhibit value characteristics. The fund generally invests at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The underlying index is a subset of the MSCI EAFE Index. Constituents of the underlying index include securities from Europe, Australasia and the Far East.

Fund Information
Strategy Asset ($ mm): 14,612.00
Share Class Assets ($ mm):

Manager: Greg Savage
Manager Tenure: 17 Years
Portfolio Statistics
Alpha*: 2.12 P/E: -
Beta*: 1.06 P/B: -
as of date 6/28/2024SEC Yield (%): 3.39
Turnover: 22.00
as of date 6/30/2024
*Best fit index: MSCI ACWI Ex USA Value NR USD
*3-year statistic: MSCI ACWI Ex USA Value NR USD
Scorecard
Passive Strategies Ticker
Style Peer Group
Qual. (2pt
max)
Score
Style Style
Drift R Tracking
Error
TE
Rank
Expense
Rank
Return
Rank
SR Ratio
Rank
Q2
2024
iShares MSCI EAFE
Value ETF EFV
1 1 1 1 1 1 1 1 2 10
-80.08/

92.19 6.85 97.8
9 2.56 25.00 23.00 8.00 8.00
-
ILCV-P

0.34 Passive Strategies Score
6/30/2024
Score
3/31/2024
Score
12/31/2023
Score
9/30/2023
Score
6/30/2023
Score
3/31/2023
Score
12/31/2022
Score
9/30/2022
iShares MSCI EAFE
Value ETF
10 10 10 10 10 10 10 10

ILCV-P ILCV-P ILCV-P ILCV-P ILCV-P ILCV-P ILCV-P ILCV-P The Scorecard Methodology incorporates both quantitative and qualitative factors into evaluating fund managers and their investment strategies (80% of the score is quantitative and 20% is qualitative). The scoring system is built around pass/fail criteria, on a scale of 0- 10 (with 10 being the best) and there is a fund history requirement (5 years for active strategies and 3 years for passive strategies). For Active and Asset Allocation Strategies, the Scorecard factors are weighted 30% to style, 30% to risk/return, 20% to peer group rankings and 20% to qualitative factors.
2 Top 10 Holdings(%) as of 6/28/2024
Shell PLC / SHEL 2.78
Novartis AG Registered Shares / NOVN 2.56
Roche Holding AG / ROG 2.37
HSBC Holdings PLC / HSBA 1.98
BHP Group Ltd / BHP 1.76
TotalEnergies SE / TTE 1.74
Mitsubishi UFJ Financial Group Inc / 8306 1.45
Sanofi SA / SAN 1.33
Allianz SE / ALV 1.32
BP PLC / BP. 1.25
% in Top 10 Holdings 18.55
# of Holdings 505
Asset Allocation (%) as of 6/28/2024
% Emerging Mkt: 0.14
Domestic Eq: 0.36
Int'l Equity: 98.24
Domestic Bond: 0.00
Int'l Bond: 0.00
Convertibles: 0.00
Preferred: 0.00
Cash: 0.94
Other: 0.46
Country Exposure(%) as of 6/28/2024
US: 0.37
Canada: 0.00
Latin America: 0.00
United Kingdom: 16.75
EuroZone: 33.46
Europe ex-EuroZone: 15.13
Europe Emerging: 0.00
Africa: 0.00
Middle East: 0.75
Japan: 22.85
Australasia: 7.57
Asia Developed: 2.99
Asia Emerging: 0.14
Additional Information
Prospectus Net Exp. Ratio: 0.34
Prospectus Gross Exp. Ratio: 0.34
Avg Exp Ratio Morningstar (%): 0.96
%< Average Morningstar Exp Ratio: 0.62

12b-1 fees (%): -
Closed - New Inv: -
Closed - All Inv: -
Min Investment: $0
Waiver Amt: -
Waiver Exp Date: -
Strategy Inception: 8/1/2005
Share Class Inception: 1/1/0001
Performance Analysis as of 6/30/2024
QTR YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
iShares MSCI EAFE Value ETF 0.24% 4.69% 13.44% 5.62% 6.06% 2.93% 4.00% MSCI EAFE Large Value ND USD 0.42% 5.34% 14.46% 6.79% 6.75% 3.03% Peer Group* 0.04% 4.03% 10.87% 3.65% 6.13% 3.25%
14%
9%
4%
0%
Peer Group Rank* 41 40 26 23 53 66 -
Peer Group Size (funds)* - - 356 330 302 197 -
*Morningstar Peer Group: Foreign Large Value
The performance analysis displayed is reflective of past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate over time. Current performance may differ from the performance displayed. Investing includes risk, including potential loss of principal. Carefully consider any and all investment objectives, risk factors and charges and expenses before investing. Contact your financial advisor or consultant for funds current performance and a copy of the most recent prospectus.

Contact (626) 578-0816 for most recent month end performance. © 2024 Retirement Plan Advisory Group. All Rights Reserved. Data provided by Morning Star, Inc. The information contained herein: (1) is proprietary to Retirement Plan Advisory Group (RPAG), and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither RPAG nor Morningstar is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For Sponsor use only. Fund fact sheet is not valid without disclaimer page. Reporting Date: 8/16/2024 43 iShares MSCI Emerging Mkts ex China ETF EMXC
Category: Emerging Market Equity 6/30/2024
Fund Strategy
The investment seeks to track the investment results of the MSCI Emerging Markets ex China Index (the "underlying index"). The fund generally will invest at least 80% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of its index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is a free float-adjusted market capitalization-weighted index that captures large- and mid-capitalization stocks across 23 of the 24 Emerging Markets countries, excluding China.

Fund Information
Strategy Asset ($ mm): 14,048.00
Share Class Assets ($ mm):

Manager: Jennifer Hsui
Manager Tenure: 7 Years
Portfolio Statistics
Alpha*: -0.12 P/E: -
Beta*: 0.99 P/B: -
as of date 6/28/2024SEC Yield (%): 2.19
Turnover: 13.00
as of date 6/30/2024
*Best fit index: Morningstar Global xUS TME NR USD
*3-year statistic: Morningstar Global xUS TME NR USD
Scorecard
Passive Strategies Ticker
Style Peer Group
Qual. (2pt
max)
Score
Style Style
Drift R Tracking
Error
TE
Rank
Expense
Rank
Return
Rank
SR Ratio
Rank
Q2
2024
iShares MSCI
Emerging Mkts ex…
EMXC
1 1 0 0 0 1 1 1 0 5

4.84/
-6.36 22.81 78.0
5 8.50 93.00 33.00 8.00 7.00
S
EME-P

0.25 Passive Strategies Score
6/30/2024
Score
3/31/2024
Score
12/31/2023
Score
9/30/2023
Score
6/30/2023
Score
3/31/2023
Score
12/31/2022
Score
9/30/2022
iShares MSCI
Emerging Mkts ex…
5 3 3 3 3 3 3 4

EME-P EME-P EME-P EME-P EME-P EME-P EME-P EME-P
The Scorecard Methodology incorporates both quantitative and qualitative factors into evaluating fund managers and their investment strategies (80% of the score is quantitative and 20% is qualitative). The scoring system is built around pass/fail criteria, on a scale of 0- 10 (with 10 being the best) and there is a fund history requirement (5 years for active strategies and 3 years for passive strategies). For Active and Asset Allocation Strategies, the Scorecard factors are weighted 30% to style, 30% to risk/return, 20% to peer group rankings and 20% to qualitative factors.
2 Top 10 Holdings(%) as of 6/28/2024
Taiwan Semiconductor Manufacturing Co Ltd / 2330 12.98
Samsung Electronics Co Ltd / 005930 5.00
Reliance Industries Ltd / RELIANCE 2.02
SK Hynix Inc / 000660 1.66
Hon Hai Precision Industry Co Ltd / 2317 1.46
ICICI Bank Ltd / ICICIBANK 1.32
MediaTek Inc / 2454 1.16
Infosys Ltd / INFY 1.10
HDFC Bank Ltd / HDFCBANK 1.00
Al Rajhi Bank 0.75
% in Top 10 Holdings 28.46
# of Holdings 731
Asset Allocation (%) as of 6/28/2024
% Emerging Mkt: 53.52
Domestic Eq: 0.27
Int'l Equity: 99.03
Domestic Bond: 0.00
Int'l Bond: 0.00
Convertibles: 0.00
Preferred: 0.00
Cash: 0.71
Other: 0.00
Country Exposure(%) as of 6/28/2024
US: 0.27
Canada: 0.00
Latin America: 9.48
United Kingdom: 0.00
EuroZone: 0.71
Europe ex-EuroZone: 0.00
Europe Emerging: 2.91
Africa: 3.85
Middle East: 8.71
Japan: 0.00
Australasia: 0.00
Asia Developed: 42.02
Asia Emerging: 32.05
Additional Information
Prospectus Net Exp. Ratio: 0.25
Prospectus Gross Exp. Ratio: 0.25
Avg Exp Ratio Morningstar (%): 1.16
%< Average Morningstar Exp Ratio: 0.91

12b-1 fees (%): -
Closed - New Inv: -
Closed - All Inv: -
Min Investment: $0
Waiver Amt: -
Waiver Exp Date: -
Strategy Inception: 7/18/2017
Share Class Inception: 1/1/0001
Performance Analysis as of 6/30/2024
QTR YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
iShares MSCI Emerging Mkts ex China
ETF 3.82% 7.79% 16.35% 0.53% 6.03% 4.74%
MSCI EM (Emerging Markets) ND
USD 5.00% 7.49% 12.55% -5.07% 3.10% 2.79%
Peer Group* 3.99% 6.87% 12.30% -4.30% 3.76% 2.74%
16%
9%
2%
-5%
Peer Group Rank* 61 44 24 17 21 - -
Peer Group Size (funds)* - - 804 718 646 423 -
*Morningstar Peer Group: Diversified Emerging Mkts
The performance analysis displayed is reflective of past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate over time. Current performance may differ from the performance displayed. Investing includes risk, including potential loss of principal. Carefully consider any and all investment objectives, risk factors and charges and expenses before investing. Contact your financial advisor or consultant for funds current performance and a copy of the most recent prospectus.

Contact (626) 578-0816 for most recent month end performance. © 2024 Retirement Plan Advisory Group. All Rights Reserved. Data provided by Morning Star, Inc. The information contained herein: (1) is proprietary to Retirement Plan Advisory Group (RPAG), and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither RPAG nor Morningstar is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For Sponsor use only. Fund fact sheet is not valid without disclaimer page. Reporting Date: 8/16/2024 44 iShares TIPS Bond ETF TIP
Category: U.S. Government TIPS 6/30/2024
Fund Strategy
The investment seeks to track the investment results of the ICE U.S. Treasury Inflation Linked Bond Index composed of inflation-protected U.S. Treasury bonds. The index tracks the performance of inflation-protected public obligations of the U.S. Treasury, commonly known as "TIPS," that have a remaining maturity of more than one year. The fund will invest at least 80% of its assets in the component securities of the index, and it will invest at least 90% of its assets in U.S. Treasury securities that BFA believes will help the fund track the index.

Fund Information
Strategy Asset ($ mm): 17,761.00
Share Class Assets ($ mm):

Manager: James J. Mauro
Manager Tenure: 13 Years
Portfolio Statistics
Alpha*: -0.24 P/E: -
Beta*: 0.99 P/B: -
as of date 6/28/2024SEC Yield (%): 7.44
Turnover: 18.00
as of date 6/30/2024
*Best fit index: Bloomberg US Treasury US TIPS TR USD
*3-year statistic: Bloomberg US Treasury US TIPS TR USD Scorecard
Passive Strategies Ticker
Style Peer Group
Qual. (2pt
max)
Score
Style Style
Drift R Tracking
Error
TE
Rank
Expense
Rank
Return
Rank
SR Ratio
Rank
Q2
2024
iShares TIPS Bond

ETF TIP
1 1 1 1 1 1 1 1 2 10
-97.80/

98.27 2.02 99.8
1 0.32 40.00 66.00 68.00 68.00
-
UGT-P

0.19 Passive Strategies Score
6/30/2024
Score
3/31/2024
Score
12/31/2023
Score
9/30/2023
Score
6/30/2023
Score
3/31/2023
Score
12/31/2022
Score
9/30/2022
iShares TIPS Bond
ETF
10 10 10 10 10 7 7 7

UGT-P UGT-P UGT-P UGT-P UGT-P UGT-P UGT-P UGT-P
The Scorecard Methodology incorporates both quantitative and qualitative factors into evaluating fund managers and their investment strategies (80% of the score is quantitative and 20% is qualitative). The scoring system is built around pass/fail criteria, on a scale of 0- 10 (with 10 being the best) and there is a fund history requirement (5 years for active strategies and 3 years for passive strategies). For Active and Asset Allocation Strategies, the Scorecard factors are weighted 30% to style, 30% to risk/return, 20% to peer group rankings and 20% to qualitative factors.
2 Top 10 Holdings(%) as of 6/28/2024
United States Treasury Notes 1.375% 3.77
United States Treasury Notes 0.625% 3.69
United States Treasury Notes 1.75% 3.63
United States Treasury Notes 1.125% 3.55
United States Treasury Notes 0.625% 3.55
United States Treasury Notes 2.375% 3.46
United States Treasury Notes 1.625% 3.31
United States Treasury Notes 1.25% 3.28
United States Treasury Notes 0.125% 3.26
United States Treasury Notes 2.125% 3.19
% in Top 10 Holdings 34.68
# of Holdings 52
Asset Allocation (%) as of 6/28/2024
% Emerging Mkt: 0.00
Domestic Eq: 0.00
Int'l Equity: 0.00
Domestic Bond: 99.55
Int'l Bond: 0.00
Convertibles: 0.00
Preferred: 0.00
Cash: 0.45
Other: 0.00
Fixed Income Detail as of 6/28/2024
Average Effective Duration*: 6.56
Effective Maturity: 7.20
Additional Information
Prospectus Net Exp. Ratio: 0.19
Prospectus Gross Exp. Ratio: 0.19
Avg Exp Ratio Morningstar (%): 0.69
%< Average Morningstar Exp Ratio: 0.50

12b-1 fees (%): -
Closed - New Inv: -
Closed - All Inv: -
Min Investment: $0
Waiver Amt: -
Waiver Exp Date: -
Strategy Inception: 12/4/2003
Share Class Inception: 1/1/0001
Performance Analysis as of 6/30/2024
QTR YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
iShares TIPS Bond ETF 0.91% 0.84% 2.54% -1.51% 1.89% 1.75% 3.44% BB TIPS 0.79% 0.70% 2.71% -1.33% 2.07% 1.91%
Peer Group* 0.78% 0.83% 3.09% -1.37% 1.51% 1.44%
3%
1%
0%
-1%
Peer Group Rank* 27 44 56 50 53 39 -
Peer Group Size (funds)* - - 150 140 134 98 -
*Morningstar Peer Group: Inflation-Protected Bond
The performance analysis displayed is reflective of past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate over time. Current performance may differ from the performance displayed. Investing includes risk, including potential loss of principal. Carefully consider any and all investment objectives, risk factors and charges and expenses before investing. Contact your financial advisor or consultant for funds current performance and a copy of the most recent prospectus.

Contact (626) 578-0816 for most recent month end performance. © 2024 Retirement Plan Advisory Group. All Rights Reserved. Data provided by Morning Star, Inc. The information contained herein: (1) is proprietary to Retirement Plan Advisory Group (RPAG), and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither RPAG nor Morningstar is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For Sponsor use only. Fund fact sheet is not valid without disclaimer page. Reporting Date: 8/16/2024 45 Fidelity Total Bond ETF FBND
Category: Core Fixed Income 6/30/2024
Fund Strategy
The investment seeks a high level of current income. Normally, the fund invests at least 80% of assets in debt securities of all types and repurchase agreements for those securities. The manager uses the Bloomberg U.S. Universal Bond Index as a guide in allocating assets across the investment-grade, high yield, and emerging market asset classes. The fund invests up to 20% of assets in lower-quality debt securities. It is managed to have similar overall interest rate risk to the index.

Fund Information
Strategy Asset ($ mm): 9,882.00
Share Class Assets ($ mm):

Manager: Michael R Foggin
Manager Tenure: 10 Years
Portfolio Statistics
Alpha*: 0.57 P/E: -
Beta*: 1.01 P/B: -
as of date 6/28/2024SEC Yield (%): 5.19
Turnover: 233.00
as of date 6/30/2024
*Best fit index: Bloomberg US Universal TR USD
*3-year statistic: Bloomberg US Universal TR USD
Scorecard
Active Strategies Ticker
Style Risk / Return Peer Group
Qual. (2pt
max)
Score
Style Style
Drift R Risk /
Return Up / Down Info
Ratio
Return
Rank
Info Ratio
Rank
Q2
2024
Fidelity Total Bond

ETF FBND
1 1 1 1 1 1 1 1 2 10
-10.26/

20.75 6.40 94.0
2 6.41/ 0.90 109.27/

95.15 0.72 8.00 4.00
-
CFI

0.36 Active Strategies Score
6/30/2024
Score
3/31/2024
Score
12/31/2023
Score
9/30/2023
Score
6/30/2023
Score
3/31/2023
Score
12/31/2022
Score
9/30/2022
Fidelity Total Bond
ETF
10 10 10 10 10 10 10 10

CFI CFI CFI CFI CFI CFI CFI CFI
The Scorecard Methodology incorporates both quantitative and qualitative factors into evaluating fund managers and their investment strategies (80% of the score is quantitative and 20% is qualitative). The scoring system is built around pass/fail criteria, on a scale of 0- 10 (with 10 being the best) and there is a fund history requirement (5 years for active strategies and 3 years for passive strategies). For Active and Asset Allocation Strategies, the Scorecard factors are weighted 30% to style, 30% to risk/return, 20% to peer group rankings and 20% to qualitative factors.
2 Top 10 Holdings(%) as of 6/28/2024
Fidelity Cash Central Fund 6.14
United States Treasury Bonds 4.25% 3.55
United States Treasury Notes 4.5% 2.79
Federal National Mortgage Association 2% 2.61
United States Treasury Notes 4.375% 2.12
United States Treasury Notes 4% 1.97
United States Treasury Bonds 3.625% 1.70
United States Treasury Notes 4.125% 1.61
United States Treasury Notes 4.625% 1.53
United States Treasury Bonds 4.125% 1.45
% in Top 10 Holdings 25.46
# of Holdings 3,857
Asset Allocation (%) as of 6/28/2024
% Emerging Mkt: 0.00
Domestic Eq: 0.00
Int'l Equity: 0.00
Domestic Bond: 89.01
Int'l Bond: 5.19
Convertibles: 0.09
Preferred: 0.11
Cash: 5.56
Other: 0.04
Fixed Income Detail as of 6/28/2024
Average Effective Duration*: 5.92
Effective Maturity: 8.80
Additional Information
Prospectus Net Exp. Ratio: 0.36
Prospectus Gross Exp. Ratio: 0.36
Avg Exp Ratio Morningstar (%): 0.76
%< Average Morningstar Exp Ratio: 0.40

12b-1 fees (%): -
Closed - New Inv: -
Closed - All Inv: -
Min Investment: $0
Waiver Amt: -
Waiver Exp Date: -
Strategy Inception: 10/6/2014
Share Class Inception: 1/1/0001
Performance Analysis as of 6/30/2024
QTR YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
Fidelity Total Bond ETF 0.41% 0.08% 3.90% -2.18% 0.90% 2.08% BB Aggregate Bond 0.07% -0.71% 2.63% -3.02% -0.23% 1.35% Peer Group* 0.31% 0.11% 3.83% -2.81% 0.20% 1.49%
3%
1%
-1%
-3%
Peer Group Rank* 29 47 44 21 17 - -
Peer Group Size (funds)* - - 623 561 525 374 -
*Morningstar Peer Group: Intermediate Core-Plus Bond
The performance analysis displayed is reflective of past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate over time. Current performance may differ from the performance displayed. Investing includes risk, including potential loss of principal. Carefully consider any and all investment objectives, risk factors and charges and expenses before investing. Contact your financial advisor or consultant for funds current performance and a copy of the most recent prospectus.

Contact (626) 578-0816 for most recent month end performance. © 2024 Retirement Plan Advisory Group. All Rights Reserved. Data provided by Morning Star, Inc. The information contained herein: (1) is proprietary to Retirement Plan Advisory Group (RPAG), and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither RPAG nor Morningstar is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For Sponsor use only. Fund fact sheet is not valid without disclaimer page. Reporting Date: 8/16/2024 46 iShares High Yield Systematic Bond ETF HYDB
Category: High Yield 6/30/2024
Fund Strategy
The investment seeks to track the investment results of the BlackRock High Yield Systematic Bond Index composed of U.S. dollar- denominated, high yield corporate bonds. The fund will invest at least 80% of its assets in the component securities of the index, and the fund will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that BFA believes will help the fund track the index.

Fund Information
Strategy Asset ($ mm): 610.00
Share Class Assets ($ mm):

Manager: James J. Mauro
Manager Tenure: 7 Years
Portfolio Statistics
Alpha*: 0.91 P/E: -
Beta*: 0.97 P/B: -
as of date 6/28/2024SEC Yield (%): 7.28
Turnover: 67.00
as of date 6/30/2024
*Best fit index: ICE BofA US High Yield TR USD
*3-year statistic: ICE BofA US High Yield TR USD
Scorecard
Passive Strategies Ticker
Style Peer Group
Qual. (2pt
max)
Score
Style Style
Drift R Tracking
Error
TE
Rank
Expense
Rank
Return
Rank
SR Ratio
Rank
Q2
2024
iShares High Yield
Systematic Bond …
HYDB
1 1 1 1 1 1 1 1 2 10

95.00/
-95.04 3.88 98.4
6 1.04 16.00 43.00 22.00 22.00
-
HY-P

0.35 Passive Strategies Score
6/30/2024
Score
3/31/2024
Score
12/31/2023
Score
9/30/2023
Score
6/30/2023
Score
3/31/2023
Score
12/31/2022
Score
9/30/2022
iShares High Yield
Systematic Bond …
10 10 10 10 10 10 10 10

HY-P HY-P HY-P HY-P HY-P HY-P HY-P HY-P
The Scorecard Methodology incorporates both quantitative and qualitative factors into evaluating fund managers and their investment strategies (80% of the score is quantitative and 20% is qualitative). The scoring system is built around pass/fail criteria, on a scale of 0- 10 (with 10 being the best) and there is a fund history requirement (5 years for active strategies and 3 years for passive strategies). For Active and Asset Allocation Strategies, the Scorecard factors are weighted 30% to style, 30% to risk/return, 20% to peer group rankings and 20% to qualitative factors.
2 Top 10 Holdings(%) as of 6/28/2024
Nordstrom, Inc. 5% 0.84
Coinbase Global Inc 3.375% 0.84
Resorts World Las Vegas LLC RWLV Capital Inc.… 0.83
Royal Caribbean Group 5.5% 0.81
Ardagh Metal Packaging Finance PLC Ardagh Met… 0.77
Frontier Communications Parent Inc 6.75% 0.77
Civitas Resources Inc 8.75% 0.76
Spirit AeroSystems Inc 9.75% 0.76
Organon & Co 5.125% 0.76
First Quantum Minerals Ltd. 9.375% 0.76
% in Top 10 Holdings 7.89
# of Holdings 266
Asset Allocation (%) as of 6/28/2024
% Emerging Mkt: 0.00
Domestic Eq: 0.00
Int'l Equity: 0.00
Domestic Bond: 97.49
Int'l Bond: 1.80
Convertibles: 0.00
Preferred: 0.00
Cash: 0.71
Other: 0.00
Fixed Income Detail as of 6/28/2024
Average Effective Duration*: 3.42
Effective Maturity: 4.49
Additional Information
Prospectus Net Exp. Ratio: 0.35
Prospectus Gross Exp. Ratio: 0.35
Avg Exp Ratio Morningstar (%): 0.90
%< Average Morningstar Exp Ratio: 0.55

12b-1 fees (%): -
Closed - New Inv: -
Closed - All Inv: -
Min Investment: $0
Waiver Amt: -
Waiver Exp Date: -
Strategy Inception: 7/11/2017
Share Class Inception: 1/1/0001
Performance Analysis as of 6/30/2024
QTR YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
iShares High Yield Systematic Bond
ETF 1.51% 3.44% 12.23% 2.64% 4.80% 5.04%
BB US HY 2% Issuer Cap 1.09% 2.58% 10.43% 1.64% 3.90% 4.30% Peer Group* 1.12% 2.82% 9.93% 1.63% 3.54% 3.52%
12%
8%
4%
0%
Peer Group Rank* 14 21 7 23 12 - -
Peer Group Size (funds)* - - 657 594 563 427 -
*Morningstar Peer Group: High Yield Bond
The performance analysis displayed is reflective of past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate over time. Current performance may differ from the performance displayed. Investing includes risk, including potential loss of principal. Carefully consider any and all investment objectives, risk factors and charges and expenses before investing. Contact your financial advisor or consultant for funds current performance and a copy of the most recent prospectus.

Contact (626) 578-0816 for most recent month end performance. © 2024 Retirement Plan Advisory Group. All Rights Reserved. Data provided by Morning Star, Inc. The information contained herein: (1) is proprietary to Retirement Plan Advisory Group (RPAG), and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither RPAG nor Morningstar is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For Sponsor use only. Fund fact sheet is not valid without disclaimer page. Reporting Date: 8/16/2024 47 PIMCO Income Instl PIMIX
Category: Multisector Bond 6/30/2024
Fund Strategy
The investment seeks to maximize current income; long-term capital appreciation is a secondary objective. The fund invests at least 65% of its total assets in a multi-sector portfolio of Fixed Income Instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. It may invest up to 50% of its total assets in high yield securities rated below investment grade by Moody's, S&P or Fitch, or if unrated, as determined by PIMCO.

Fund Information
Strategy Asset ($ mm): 153,322.00
Share Class Assets ($ mm): 91,915.00
Manager: Daniel J. Ivascyn
Manager Tenure: 17 Years
Portfolio Statistics
Alpha*: 1.23 P/E: -
Beta*: 0.71 P/B: -
as of date 3/31/2024SEC Yield (%): 6.34
Turnover: 426.00
as of date 6/30/2024
*Best fit index: Morningstar Con Tgt Risk TR USD
*3-year statistic: Morningstar Con Tgt Risk TR USD
Scorecard
Asset Allocation
Strategies Ticker
Style Risk / Return Peer Group
Qual. (2pt
max)
Score
Risk
Level
Style
Diversity R Risk /
Return Up / Down Info
Ratio
Return
Rank
SR Ratio
Rank
Q2
2024
PIMCO Income Instl PIMIX
1 0 1 1 1 1 1 1 2 9

6.63 48.16/

51.84 93.4
7 6.63/ 2.67 109.07/

97.52 0.51 12.00 11.00
-
MSB

0.62 Asset Allocation
Strategies
Score
6/30/2024
Score
3/31/2024
Score
12/31/2023
Score
9/30/2023
Score
6/30/2023
Score
3/31/2023
Score
12/31/2022
Score
9/30/2022
PIMCO Income Instl
9 9 9 9 9 9 9 9

MSB MSB MSB MSB MSB MSB MSB MSB
The Scorecard Methodology incorporates both quantitative and qualitative factors into evaluating fund managers and their investment strategies (80% of the score is quantitative and 20% is qualitative). The scoring system is built around pass/fail criteria, on a scale of 0- 10 (with 10 being the best) and there is a fund history requirement (5 years for active strategies and 3 years for passive strategies). For Active and Asset Allocation Strategies, the Scorecard factors are weighted 30% to style, 30% to risk/return, 20% to peer group rankings and 20% to qualitative factors.
2 Top 10 Holdings(%) as of 3/31/2024
Federal National Mortgage Association 5.5% 11.01
Federal National Mortgage Association 6% 10.62
Federal National Mortgage Association 5% 6.65
Pimco Fds 5.08
Federal National Mortgage Association 6.5% 4.59
Federal National Mortgage Association 4% 3.09
Federal National Mortgage Association 6% 1.92
US Treasury Bond Future June 24 / ZBM24 1.68
Federal National Mortgage Association 6.5% 1.58
United States Treasury Notes 0.125% 1.57
% in Top 10 Holdings 47.80
# of Holdings 9,489
Asset Allocation (%) as of 3/31/2024
% Emerging Mkt: 0.08
Domestic Eq: 0.17
Int'l Equity: 0.07
Domestic Bond: 60.54
Int'l Bond: 8.51
Convertibles: 0.01
Preferred: 0.00
Cash: 30.69
Other: 0.01
Fixed Income Detail as of 3/31/2024
Average Effective Duration*: 3.73
Effective Maturity: 5.50
Additional Information
Prospectus Net Exp. Ratio: 0.62
Prospectus Gross Exp. Ratio: 0.62
Avg Exp Ratio Morningstar (%): 1.00
%< Average Morningstar Exp Ratio: 0.38

12b-1 fees (%): -
Closed - New Inv: -
Closed - All Inv: -
Min Investment: $1,000,000
Waiver Amt: -
Waiver Exp Date: -
Strategy Inception: 3/30/2007
Share Class Inception: 3/30/2007
Performance Analysis as of 6/30/2024
QTR YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
PIMCO Income Instl 0.44% 1.82% 7.24% 1.12% 2.67% 3.98% 6.69% StyleBenchmark 0.97% 2.21% 7.58% 0.17% 1.77% 2.52%
Peer Group* 0.79% 2.17% 7.35% 0.09% 2.03% 2.55%
7%
4%
2%
0%
Peer Group Rank* 75 58 59 23 27 3 -
Peer Group Size (funds)* - - 353 316 262 177 -
*Morningstar Peer Group: Multisector Bond
The performance analysis displayed is reflective of past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate over time. Current performance may differ from the performance displayed. Investing includes risk, including potential loss of principal. Carefully consider any and all investment objectives, risk factors and charges and expenses before investing. Contact your financial advisor or consultant for funds current performance and a copy of the most recent prospectus.

Contact (626) 578-0816 for most recent month end performance. © 2024 Retirement Plan Advisory Group. All Rights Reserved. Data provided by Morning Star, Inc. The information contained herein: (1) is proprietary to Retirement Plan Advisory Group (RPAG), and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither RPAG nor Morningstar is responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For Sponsor use only. Fund fact sheet is not valid without disclaimer page. Reporting Date: 8/16/2024 48