Investment Options

Because of our open architecture setup, we are able to select from over 10,000 investments. We design investment lineups that consist of about 30 to 40 low-cost institutional class funds with an average expense ratio of about 0.10% to 0.15%. We generally exclude funds that charge commissions or participate in revenue sharing. We aim to design well-diversified fund lineups that represent most major asset classes, but selection varies with each plan.

US Equity

US Large Blend	US Mid Blend	US Small Blend
US Large Value	US Mid Value	US Small Value

International Equity

International Large Blend	International Small Blend
International Large Value	International Small Value

Emerging Markets Equity

Emerging Markets Value

Real Estate

US Real Estate

Global Real Estate

Fixed Income

Investment Grade Grade Bond Funds

We use fiduciary software to monitor funds we select. Funds receive a Fiduciary Score that evaluates funds on nine different criteria across the spectrum of quantitative data points to determine a minimum fiduciary standard of care is being met. The nine criteria include:

Regulatory oversight
Track record
Assets in the investment
Stability of the organization
Composition consistency with asset class
Style consistency
Expense ration/fees relative to peers
Risk-adjusted performance relative to peers
Performance relative to peers

DIMENSIONAL MUTUAL FUNDS

Select List of Dimensional Funds Made Available Through iQ401k Platform

Fund Name	Ticker	Fund Class	Expense Ratio
Dimensional US Equity Funds
Dimensional US Large Value	DFLVX	Institutional Class Shares	0.21%
Dimensional US High Profitability	DURPX	Institutional Class Shares	0.23%
Dimensional US Targeted Value	DFFVX	Institutional Class Shares	0.29%
Dimensional US Smal Cap Growth	DSCGX	Institutional Class Shares	0.31%
Dimensional Internationl and Emerging Markets Equity Funds
Dimensional International Value	DFIVX	Institutional Class Shares	0.28%
Dimensional International High Profitability	DIHRX	Institutional Class Shares	0.30%
Dimensional International Small Cap Value	DISVX	Institutional Class Shares	0.44%
Dimensional International Small Cap Growth	DISMX	Institutional Class Shares	0.50%
Dimensional Emerging Markets Value	DFEVX	Institutional Class Shares	0.44%
Dimensional Global Equity Funds
Dimensional Global Equity	DGEIX	Institutional Class Shares	0.25%
Dimensional Global 60/40 Allocation	DGSIX	Institutional Class Shares	0.24%
Dimensional Global Real Estate	DFGEX	Institutional Class Shares	0.22%
Dimensional Fixed Income Funds
Dimensional Investment Grade	DFAPX	Institutional Class Shares	0.19%

TARGET DATE FUNDS

Select List of Target Date Funds Made Available Through iQ401k Platform

Fund Name	Ticker	Fund Class	Expense Ratio
Vangaurd Target Retirement 2045	VTIVX	Institutional Class Shares	0.08%
Vanguard Target Retirement 2050	VFIFX	Institutional Class Shares	0.08%
Vanguard Target Retirement 2055	VFFVX	Institutional Class Shares	0.08%
Vanguard Target Retirement 2060	VTTSX	Institutional Class Shares	0.08%

VANGUARD FUNDS

Select List of Vanguard Funds Made Available Through iQ401k Platform

Fund Name	Ticker	Fund Class	Expense Ratio
Vanguard US Equity Funds
Vanguard Dividend Apreciation Index	VDADX	Admiral Class Shares	0.08%
Vanguard 500 Index	VFIAX	Admiral Class Shares	0.04%
Vanguard Value Index	VVIAX	Admiral Class Shares	0.05%
Vanguard Growth Index	VIGAX	Admiral Class Shares	0.05%
Vanguard Mid Cap Index	VIMAX	Admiral Class Shares	0.05%
Vanguard Mid Cap Value Index	VMVAX	Admiral Class Shares	0.07%
Vanguard Small Cap Index	VSMAX	Admiral Class Shares	0.05%
Vanguard Small Cap Value Index	VSIAX	Admiral Class Shares	0.07%
Vanguard REIT Index	VGSLX	Admiral Class Shares	0.12%
Vanguard International and Emerging Markets Equity Funds
Vanguard Developed Markets Index	VTMGX	Admiral Class Shares	0.07%
Vanguard International Explorer	VINEX	Investor Class Shares	0.41%
Vanguard International Value Portfolio	VTRIX	Investor Class Shares	0.38%
Vanguard Emerging Markets Stock Index	VEMAX	Admiral Class Shares	0.14%
Vanguard Fixed Income Funds
Vanguard Short Term Invesment Grade	VFSUX	Admiral Class Shares	0.10%
Vanguard Intermediate Term Treasury	VFIUX	Admiral Class Shares	0.10%
Vanguard Intermediate Term Bond Index	VBILX	Investor Class Shares	0.07%
Vanguard High Yield Corporate	VWEAX	Admiral Class Shares	0.13%
Vanguard Core Funds
Vanguard Total International Bond Index	VTABX	Admiral Class Shares	0.11%
Vanguard Total Bond Index	VBTLX	Admiral Class Shares	0.05%
Vanguard Total Int’l Stock Market Index	VTIAX	Admiral Class Shares	0.11%
Vanguard Total Stock Market Index	VTSAX	Admiral Class Shares	0.04%
Vanguard Money Market Fund
Vanguard Federal Money Market Fund	VMFXX	Investor Class	0.11%

Why We Include Dimensional

Dimensional’s investment solutions are designed to help investors achieve their long-term goals. They focus on adding value over the benchmark indices with an investment style that is active and systematic, but different than conventional active management. Their investment approach is to structure their strategies around sources of higher expected returns—size, value, and profitability—that have been shown through rigorous theoretical and empirical research to be pervasive across markets, persistent over time, and cost-effective to capture in a live portfolio. Through a systematic and transparent investment process, Dimensional pursues better outcomes by using information in market prices and company fundamentals to identify securities with higher expected returns while skillfully managing the tradeoffs between premiums and costs.

They also share many of the benefits of indexing—low cost, low turnover, high diversification, and transparency—without the constraints and price impacts around rebalancing events. By taking the best aspects of indexing and active management and merging them with robust, innovative implementation, they aim to beat benchmarks and the funds and investment vehicles that track them.