5 Investment Options INPRS offers a variety of investment options for you to choose from to invest your DC and/or RSA funds. Your DC and RSA funds are subject to market risk when your funds are invested. You may view valuations of your DC and RSA and make changes to your investment choices online daily. The valuation of your DC and RSA includes a deduction of the fee for the administration of your account. As a new member, after you receive a welcome package with instructions on how to log into your account, you can log into your account and complete your investment direction elections. INPRS is unable to provide investment advice. Investment fund performance fact sheets with information about each of the funds in this section are available on the Investment Fact Sheets and the Investing 101 pages of the INPRS website. You may want to talk to a trusted financial advisor. 5.1 Options Currently, upon enrollment in PERF, you are enrolled in the Target Date Fund (default) based on your projected retirement date. Your DC will continue with this investment option until you make other selections. NOTE: If you do not submit your choices to INPRS, your DC will automatically be invested in a Target Date Fund based on your projected retirement date. PERF Hybrid Plan allows you to manage your DC and RSA with self-directed investment options. You may decide how to invest contributions posted to your account and choose any one or more of the following 8 investment funds available through INPRS:  Fixed Income Fund  Inflation-Linked Fixed Income Fund  International Equity Fund  Large Cap Equity Index Fund  Money Market Fund  Small/Mid Cap Equity Fund  Stable Value Fund  Target Date Funds (including the Retirement Fund) You may direct INPRS to invest a portion of your account (present balance and future contributions) into any or all of the investment funds in at least 1% increments. Or you can invest current contributions and new contributions separately. This means you can direct both current and future contributions or leave current balances as they are and direct future contributions only. Stable Value Fund The Stable Value Fund is an investment option for PERF/TRF Hybrid members. If you had funds in the Guaranteed Fund and did not elect to move those funds to other options prior to January 1, 2017, your Guaranteed Fund money was moved to the Stable Value Fund at that time. Retirement Fund The Retirement Fund contains your DC and/or RSA contributions in the situation where you elected a Target Date Fund but did not retire by the time you reached your chosen Target Date Fund year. At any time, you Public Employees’ Retirement Fund Hybrid Plan Page 23 of 48 Member Handbook Effective: 07/01/2024