b'Annual Rates of Return 1 Last Ten YearsFiscalDomesticInternationalFixedRealPrivateTotal3Year Equity Equity Income Estate Equity Commodities Fund 2 CPI14-15 7.36% -2.14%1.20% 11.41% 12.51% -13.19% 4.15% 0.12%15-16 -0.32% -8.54%6.40% 13.80% 5.31% -6.19%1.18% 1.01%16-17 19.30% 22.90%2.09% 5.19% 16.52% 7.99% 13.27% 1.60%17-18 16.38% 8.11% 1.18% 5.50% 18.65% 13.02% 9.91% 2.87%18-19 6.88% 0.32% 7.84% 9.83% 14.85% -1.85% 6.21% 1.60%19-20 4.79% -3.84% 10.26% -2.98% 7.39% -11.82% 3.04% 0.60%20-21 46.54% 40.00% 4.60% 18.46% 55.71% 48.17% 32.56% 5.40%21-22 -12.64% -22.30% -9.07% 6.56% 14.49% 5.07% -7.23% 9.10%22-23 17.29% 16.58% 2.19% -6.93% 1.56% 10.44% 7.78% 3.00%23-24 19.59% 13.62% 4.39% -1.46% 5.48% 7.26% 9.94% 3.00%1Based on the most recent final valuations of each fiscal year and supersedes earlier annual report exhibits.2Total Fund includes Short-Term Investments.3CPI is for the U.S. for the year ending June 30.Changes in Asset Mix Last Ten YearsFiscalDomestic International FixedRealPrivatePrivateCommodities Short-TermYear Equity Equity Income Estate Equity Credit Investments14-15 33.76% 21.05% 21.70% 10.30% 8.70% - 2.80% 1.70%15-16 31.96% 19.29% 22.90% 10.80% 9.30% - 3.90% 1.80%16-17 32.70% 20.77% 20.40% 9.70% 9.40% - 4.20% 2.80%17-18 32.64% 20.36% 19.53% 8.37% 9.90% - 4.65% 4.55%18-19 31.54% 20.03% 20.95% 8.54% 10.52% - 4.35% 4.08%19-20 32.63% 18.13% 22.54% 8.02% 11.68% - 3.99% 3.01%20-21 34.20% 19.10% 17.64% 7.62% 13.53% - 3.67% 4.24%21-22 27.69% 17.67% 19.97% 13.25% 17.36% - 1.80% 2.27%22-23 30.35% 19.45% 20.29% 10.53% 17.75% - 0.92% 0.71%23-24 31.33% 17.26% 21.42% 9.72% 17.54% 0.09% 0.84% 1.80%SECTION 4 Investments 105'