TT069444 00001

SOUTHERN METHODIST UNIVERSITY

Fund Performance
The performance figures represent past performance. Past performance does not guarantee future results. The investment return and principal value of an
investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower
or higher than the performance data quoted. Performance data current to the most recent month-end is available via this Web site. Please note that month-
end performance data is accompanied or preceded by performance data current to the most recent quarter-end, also available via this Web site.

08/31/2020 Annualized Total Rates of Return 06/30/2020 Expense Ratio

Fund Name Incept. Unit 1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. Incept. Gross Net*
Date Value % % % % % % % % % %

Short Bonds/Stable/MMkt
Vanguard Federal Money Market 07/81 1.0000 0.01 0.03 0.44 1.39 1.62 1.10 0.55 4.09 0.11 0.11
Inv
s
NYL Guaranteed Interest Account 07/09 1.0000 0.00 N/A 0.00 N/A N/A N/A N/A N/A 0.25 0.25

Interm./Long-Term Bonds
Fidelity Advisor Strategic Income 04/18 12.5900 0.84 4.93 2.83 1.65 3.28 3.89 4.58 3.10 0.68 0.68
Fund
PIMCO Total Return Admin 05/87 10.9400 -0.12 2.39 7.47 8.07 4.95 4.16 3.96 6.17 0.95 0.95
Vanguard Total Bond Market 12/86 11.6300 -1.01 1.24 6.92 8.98 5.36 4.32 3.79 5.27 0.03 0.03
Index I
BlackRock Inflation Protected 06/04 11.8500 1.11 5.05 10.08 8.50 4.80 3.36 3.12 4.43 0.80 0.65
Bond Instl

Large-Cap Stocks
BlackRock Equity Dividend Instl 11/87 18.4100 2.51 5.28 -9.00 -4.66 3.88 6.93 10.61 9.42 0.72 0.71
Vanguard Equity-Income Adm 03/88 72.6500 3.53 6.09 -7.07 -5.45 4.44 7.15 12.02 7.28 0.18 0.18
Vanguard Windsor II Adm 06/85 64.2200 5.69 13.15 0.22 0.06 4.88 6.26 11.22 6.46 0.26 0.26
Vanguard Institutional Index I 07/90 313.0800 7.19 15.48 9.74 7.49 10.70 10.70 13.96 9.78 0.03 0.03
Vanguard Total Stock Market Idx I 04/92 86.3700 7.19 15.82 9.40 6.47 10.04 10.03 13.74 7.76 0.03 0.03
American Century Growth Inv 06/71 45.8400 9.74 21.27 28.82 22.85 18.43 15.13 15.67 12.79 0.98 0.98
Fidelity Contrafund 05/67 17.5300 9.63 22.25 28.72 17.91 16.42 14.05 15.57 12.65 0.85 0.85
Fidelity Growth Company 01/83 32.2300 12.61 31.23 50.89 40.21 23.49 19.24 19.98 14.12 0.83 0.83
TIAA-CREF Growth & Income 07/99 16.3900 7.05 16.38 9.26 3.82 8.91 8.84 13.31 10.05 0.66 0.66
Retire

Small/Mid-Cap Stocks
Fidelity Low-Priced Stock 12/89 46.8600 4.64 10.91 -6.35 -3.73 2.52 3.78 10.28 12.55 0.52 0.52
Wells Fargo Special Mid Cap Val 04/05 36.9800 3.67 7.81 -12.33 -9.53 0.96 4.18 11.31 8.06 0.82 0.82
Inst
Vanguard Mid Cap Index I 05/98 49.2400 3.14 11.99 1.95 -0.18 6.47 7.00 12.49 9.43 0.04 0.04
Nuveen Mid Cap Growth Opps I 12/89 45.5800 2.61 14.44 19.88 13.46 13.12 9.26 14.13 11.00 1.00 0.92
T. Rowe Price New Horizons 06/60 79.7400 4.24 16.73 34.31 27.31 24.47 18.88 21.08 12.12 0.76 0.76
Fidelity Small Cap Value 11/04 13.2700 4.98 11.61 -13.38 -14.66 -3.63 1.41 8.79 8.11 0.66 0.66
PGIM QMA Small-Cap Value Z 01/93 12.3500 8.33 12.99 -25.91 -25.95 -10.73 -2.90 5.88 9.01 0.70 0.69
Vanguard Small Cap Index I 10/60 76.0200 4.07 11.52 -3.66 -5.59 4.00 5.41 11.61 8.24 0.04 0.04
Vanguard Explorer Adm 12/67 103.7400 3.76 12.99 6.72 4.39 11.40 9.23 13.89 9.22 0.34 0.34

International Stocks
Vanguard Total Intl Stock Index I 04/96 115.0400 4.30 13.19 -2.94 -4.07 1.12 2.45 5.30 3.74 0.08 0.08
Aberdeen Emerging Markets Instl 05/07 16.5300 3.18 24.10 3.12 -4.74 0.71 3.02 4.22 5.00 1.16 1.10
Vanguard Emerging Mkts Stock 05/94 36.8300 2.28 18.80 0.26 -2.92 2.12 2.16 3.14 4.72 0.14 0.14
Idx Adm
American Funds EuroPacific Gr 04/84 57.7100 5.50 17.73 5.99 2.79 4.39 4.54 7.10 7.19 0.81 0.81
R4
Fidelity International Index 11/97 41.0300 4.99 10.74 -4.49 -4.69 0.95 2.22 6.00 5.49 0.03 0.03

Multi-Asset/Other
Fidelity Freedom Income 10/96 12.0600 1.08 5.12 4.84 4.93 4.53 4.29 4.60 4.80 0.47 0.47
Vanguard Institutional Target 06/15 23.6900 1.46 5.36 5.52 5.87 5.47 5.00 N/A 4.92 0.09 0.09
Retirement Income
T. Rowe Price Retirement 2005 02/04 14.3900 2.27 7.47 5.04 4.42 5.12 5.12 6.68 5.65 0.52 0.52
Fidelity Freedom 2005 11/03 12.8400 1.42 5.77 4.84 4.86 4.92 4.80 5.93 4.92 0.47 0.47
T. Rowe Price Retirement 2010 09/02 18.9500 2.49 7.98 5.10 4.39 5.34 5.38 7.28 7.24 0.52 0.52
Fidelity Freedom 2010 10/96 15.9800 1.98 7.03 4.95 4.93 5.24 5.21 6.79 6.35 0.51 0.51
 08/31/2020 Annualized Total Rates of Return 06/30/2020 Expense Ratio

T. Rowe Price Retirement 2015 02/04 15.2500 2.76 8.70 5.17 4.24 5.57 5.69 8.08 6.32 0.55 0.55
Fidelity Freedom 2015 11/03 13.1100 2.42 8.17 4.95 4.77 5.49 5.60 7.17 5.80 0.55 0.55
Vanguard Institutional Target 06/15 24.2100 1.81 6.04 5.31 5.60 5.86 5.53 N/A 5.35 0.09 0.09
Retirement 2015
T. Rowe Price Retirement 2020 09/02 23.2100 3.11 9.48 5.07 4.15 5.93 6.14 8.87 8.22 0.58 0.58
Fidelity Freedom 2020 10/96 16.5200 2.99 9.33 5.06 4.61 5.65 5.81 7.70 6.64 0.60 0.60
Vanguard Institutional Target 06/15 25.3800 2.63 7.86 5.27 5.15 6.15 6.01 N/A 5.78 0.09 0.09
Retirement 2020
T. Rowe Price Retirement 2025 02/04 18.7500 3.59 10.68 5.46 4.07 6.21 6.48 9.50 6.98 0.62 0.62
Fidelity Freedom 2025 11/03 14.6700 3.38 10.22 5.04 4.49 5.79 6.00 8.34 6.31 0.65 0.65
Vanguard Institutional Target 06/15 26.0500 3.21 9.18 5.34 4.85 6.38 6.34 N/A 6.06 0.09 0.09
Retirement 2025
T. Rowe Price Retirement 2030 09/02 27.3500 4.11 11.72 5.60 3.77 6.39 6.76 10.06 8.92 0.65 0.65
Fidelity Freedom 2030 10/96 18.1600 3.89 11.41 4.84 4.31 6.12 6.49 8.89 6.80 0.68 0.68
Vanguard Institutional Target 06/15 26.4200 3.73 10.22 5.18 4.43 6.45 6.50 N/A 6.18 0.09 0.09
Retirement 2030
T. Rowe Price Retirement 2035 02/04 20.1200 4.52 12.59 5.73 3.61 6.51 6.94 10.43 7.36 0.68 0.68
Fidelity Freedom 2035 11/03 15.3000 4.87 13.25 4.39 3.50 6.08 6.66 9.32 6.66 0.72 0.72
Vanguard Institutional Target 06/15 26.7900 4.28 11.25 5.06 3.98 6.50 6.66 N/A 6.30 0.09 0.09
Retirement 2035
T. Rowe Price Retirement 2040 09/02 28.6500 4.87 13.33 5.88 3.42 6.63 7.08 10.64 9.16 0.70 0.70
Fidelity Freedom 2040 09/00 10.7100 5.41 14.30 4.28 2.97 5.87 6.56 9.34 4.13 0.75 0.75
Vanguard Institutional Target 06/15 27.1300 4.75 12.25 4.83 3.46 6.51 6.78 N/A 6.38 0.09 0.09
Retirement 2040
T. Rowe Price Retirement 2045 05/05 19.6100 5.20 13.95 5.89 3.22 6.61 7.12 10.66 7.55 0.71 0.71
Fidelity Freedom 2045 06/06 12.1900 5.36 14.25 4.20 2.90 5.85 6.54 9.41 5.77 0.75 0.75
Vanguard Institutional Target 06/15 27.4100 5.30 13.31 4.70 2.99 6.45 6.82 N/A 6.42 0.09 0.09
Retirement 2045
T. Rowe Price Retirement 2050 12/06 16.5600 5.14 13.89 5.88 3.23 6.62 7.13 10.66 6.55 0.71 0.71
Fidelity Freedom 2050 06/06 12.2800 5.41 14.23 4.28 2.94 5.86 6.55 9.48 5.63 0.75 0.75
Vanguard Institutional Target 06/15 27.4700 5.33 13.37 4.77 3.00 6.44 6.82 N/A 6.41 0.09 0.09
Retirement 2050
T. Rowe Price Retirement 2055 12/06 16.8100 5.19 13.81 5.72 3.05 6.54 7.08 10.63 6.52 0.71 0.71
Fidelity Freedom 2055 06/11 14.0300 5.41 14.25 4.25 3.03 5.88 6.55 N/A 7.45 0.75 0.75
Vanguard Institutional Target 06/15 27.5800 5.35 13.36 4.79 2.98 6.46 6.83 N/A 6.43 0.09 0.09
Retirement 2055
T. Rowe Price Retirement 2060 06/14 13.4200 5.17 13.83 5.67 3.07 6.56 7.09 N/A 6.57 0.71 0.71
Fidelity Freedom 2060 08/14 12.6600 5.32 14.16 4.17 3.00 5.85 6.52 N/A 6.73 0.75 0.75
Vanguard Institutional Target 06/15 27.6300 5.34 13.38 4.82 3.04 6.45 6.82 N/A 6.42 0.09 0.09
Retirement 2060
Vanguard Institutional Target 07/17 25.2600 5.34 13.38 4.64 2.82 N/A N/A N/A 6.27 0.09 0.09
Retirement 2065

* The net expense ratio reflects the expense ratio of the fund after applicable expense waivers or reimbursements. These waivers or reimbursements may or
may not be contractual. For certain bond funds, the net expense ratio also excludes interest expense related to reverse repurchase agreements and/or inverse
floaters. Please review the current prospectus for more information.

Certain performance data for such funds are provided by independent firms that track the investment industry (such as Lipper, Inc.), or from the fund
family itself. Although data are gathered from sources believed to be reliable, neither the independent tracking firms nor Transamerica can guarantee the
completeness, accuracy, timeliness or reliability of the data. All data are historical and subject to change at any time. Independent tracking firms may use
different methodologies for providing mutual fund performance information. The independent tracking firms reserve all rights in their respective proprietary data.

Presentation of performance information is for informational purposes only and should not be construed as an endorsement or recommendation by
Transamerica nor be the basis of any investment decision. Depending on the particular fund, Transamerica or its affiliates may receive remuneration from the
fund family (or its service provider) for providing certain recordkeeping or other administrative services.

Index performance information, if presented, is provided for comparison only. Indexes are unmanaged, assume reinvestment of all distributions and do not
account for fees or other charges. Securities in an actively managed fund do not necessarily match those in the indexes and fund performance may differ. It is
not possible to invest directly in an index.

Employer stock, if offered under the plan, is not diversified and a plan participant should consider the risk of concentrating his or her retirement funds in
employer stock.
 Transamerica Investors Securities Corporation, (TISC), 440 Mamaroneck Avenue, Harrison, NY, 10528, distributes securities products. Any mutual fund
offered under the plan is distributed by that particular fund's associated fund family and its affiliated broker-dealer or other broker-dealers with effective
selling agreements such as TISC. Bank collective trusts funds, if offered under the plan, are not insured by the FDIC, the Federal Reserve Bank or any other
government agency and are not registered with the Securities and Exchange Commission. Group annuity contracts, if offered under the plan, are made
available through the applicable insurance company. Any guarantee of principal and/or interest under a group annuity contract is subject to the claims-paying
ability of the applicable insurer. Certain investment options made available under the plan may be offered through affiliates of Transamerica Retirement
Solutions , LLC (Transamerica) and TISC. These may include: (1) the Transamerica Funds (registered mutual funds distributed by Transamerica Capital,
Inc. (TCI) and advised by Transamerica Asset Management, Inc. (TAM)); (2) the Diversified Investment Advisors Collective Trust, a collective trust fund of
Massachusetts Fidelity Trust Company (MFTC) (includes the Stable Pooled Fund); (3) group annuity contracts issued by Transamerica Financial Life Insurance
Company (TFLIC), 440 Mamaroneck Avenue, Harrison, NY 10528 (includes the Stable Fund, the Fixed Fund, the Guaranteed Pooled Fund, and SecurePath
for Life (R)); and (4) group annuity contracts issued by Transamerica Life Insurance Company (TLIC), 6400 C Street SW, Cedar Rapids, IA 52499 (includes
SecurePath for Life (R)). Transamerica, TISC, TCI, TAM, MFTC, TFLIC and TLIC are affiliated companies.

NYL Guaranteed Interest Account - The interest rate for deposits received between 07/01/2020 and 12/31/2020 is 2.15% on an annualized basis for NYL
Guaranteed Interest Account .

For complete information contact a Customer Service Representative at 800-755-5801. Deposits received in prior years may be earning different rates than those
shown above. Please contact your representative for complete information.

For more information on any registered fund, please call 800-755-5801 for a free summary prospectus (if available) and/or prospectus. You should
consider the objectives, risks, charges, and expenses of an investment carefully before investing. The summary prospectus and prospectus contain
this and other information. Read them carefully before you invest.

Performance reflects historical investment results (including changes in share price and reinvestment of dividends and capital gains) less charges and deductions.
The total rates of return shown refers to the value an investor would receive on the date indicated if a $1,000 purchase payment was made the indicated period
of time. Returns are annualized when performance of one year or greater is shown. The sponsoring retirement plan may also assess an administrative fee, which
would reduce the performance data quoted.

An investment in a money market fund, if available, is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other
government agency. Although money market funds seek to preserve the value of your investment, it is possible to lose money by investing in a money
market fund.

The total rates of return for registered funds are calculated in accordance with SEC performance advertising regulations.

s
Separate Accounts
The Separate Accounts (other than the Separate Account investing in the Calvert Series) are available through a Core Fund & Feeder structure, under which
each 'Feeder' Separate Account invests in a 'Core Fund' with a corresponding investment objective. The Feeder separate accounts are made available under
a group annuity contract issued by Transamerica Financial Life Insurance Company (TFLIC), 440 Mamaroneck Avenue, Harrison, NY 10528. The Core Funds
are registered investment management companies. For Separate Accounts showing inception dates prior to 1996 (other than the High Yield Bond Separate
Account), the underlying Core Funds were established on January 3, 1994 (except that the International Equity Core Fund was established in October of 1995)
when corresponding pooled separate accounts of MONY Life Insurance Company (formerly, The Mutual Life Insurance Company Of New York) (the "predecessor
pooled separate account(s)") with corresponding investment objectives, policies and restrictions contributed all of their assets to such investment management
companies. These investment management companies thereupon became available for investment by certain institutional investors, including insurance
company separate accounts. All other Core Funds were established on the inception dates shown and do not have predecessor pooled separate accounts.
Separate Account returns for the periods prior to the commencement of operations are hypothetical and are based on the historical data from the Core Funds
and, if applicable, the predecessor pooled separate accounts. Stock Index Separate Account returns for periods prior to the commencement of operations are
hypothetical and are based on the historical data from the S&P 500 Index Master Investment Portfolio, established on August 31, 1993. Transamerica Asset
Management, Inc. ("TAM") is the investment advisor to each of the Core Funds and has the ability to appoint sub-advisors to manage the portfolio of each Core
Fund.