Moderately Conservative Portfolio

CUSIP: 74048B526(E)

Page 1 of 2

Moderately Conservative Portfolio

[ As of 03-31-18 ]

Investment Objectives:

The FIT Moderately Conservative Portfolio is managed for those investors who are seeking below market volatility and are willing to accept lower returns.

Morningstar Target Risk Index Chart

Global Equity Exposure

Global Bond Exposure

Stock / Equity Exposure Ranges: 30 ? 45% | Bond / Cash Exposure Ranges: 55 ? 70%

Aggressive

Growth

Balanced

Moderately Conservative

Conservative

95%

80%

60%

40%

20%

Collective Investment Trust Overview Sponsor: Comerica Bank & Trust, N.A.

Investment Manager: Prime Capital Investment Advisors

Fund Inception: 12/31/2014 Fees & Turnover (as of 9/30/17)

Initial Charge: CIT Expense: Turnover:

No Load 0.53%3 19.24%

Higher

Performance*

1Recent Returns (%)

40% Equity; FIT Moderately Conservative Portfolio

Market Risk

Morningstar Moderately Conservative Target Risk (Benchmark) US Fund Allocation--30% to 50% Equity (Peer Group) 4 Calendar Year Returns (%)

Morningstar Moderately Conservative Target Risk (Benchmark) US Fund Allocation--30% to 50% Equity (Peer Group) 4

1Cumulative Returns (%)

Morningstar Moderately Conservative Target Risk (Benchmark) US Fund Allocation--30% to 50% Equity (Peer Group) 4

Historical Risk Analysis* (as of 9/30/17)

3 Year Beta:

0.81

Lower

5 Year Beta:

0.85

1 Year 6.23 6.54 5.40

1 Month -0.18 -0.29 -0.38

2017 9.26 10.86 9.86

3 Year

4.35 4.70 3.70

3 Month -0.77 -0.92 -1.21

2016 6.51 6.66 6.62

5 Year NA NA NA

Year To Date (YTD) -0.77 -0.92 -1.21

2015 -1.13 -1.03 -2.32

Since Inception 4.68 4.66 NA

Strategic Underlying Managers

Stock Exposure2 (Top 10)

Holdings Analysis

AllianceBernstein L.P. Allianz Global Investors American Century Investments American Funds, Capital Research and Management Comerica Bank & Trust, N.A. Dimensional Fund Advisors Oppenheimer Funds Investment Management Prudential Investment Management Services, LLC Vanguard Group, Inc. Voya Investment Management

Microsft Corp Apple Inc JPMorgan Chase & Co Johnson & Jonson Inc Exxon Mobil Corp Wells Fargo & Co Verizon Communications Inc Facebook Inc A Intel Corp

0.58% 0.47% 0.35% 0.31% 0.27% 0.26% 0.25% 0.24% 0.22%

0.22%

Asset Allocation

-50 0 50 100

Cash US Stock Non-US Stock Bond Stable Value / GIF Other

%

9.86 26.64 13.68 57.06

0 1.96

Stock Sectors / Regions

Investment Style

Sector

Consumer Defensive Healthcare Utilities Communications Energy Industrials Technology Basic Materials Consumer Cyclical Financial Services Real Estate

%

7.77 10.54 3.66 3.81 6.54 11.91 16.57 5.99 11.79 17.90 3.52

Region

0 50 100

North America Central / Latin America Japan Australasia Asia ? Developed Asia ? Emerging United Kingdom Europe ? Developed Europe ? Emerging Africa / Middle East

%

68.51 2.05 4.41 1.04 4.29 5.52 4.01 8.50 0.66 1.02

Equity Investment Style %

Large Mid Small

24

21

19

7

6

6

6

6

4

Value Core Growth

Total Stock Holdings 12,321

Not Classified % 0.00

0-10 10-25 25-50 >50

CUSIP: 74048B526(E)

Page 2 of 2

Moderately Conservative Portfolio

[ As of 03-31-18 ]

Who should use a Target Risk Portfolio?

Unlike Target Date Portfolios, which invest your money based only on time, Target Risk Portfolios are managed based on an investor's Risk Profile. A Risk Profile is a comprehensive measurement of an investor's Retirement Timetable, Risk Tolerance, and Goals.

Consider completing this Risk Profile prior to investing in this portfolio

FOLLOW THESE STEPS:

1. Total your score in the bottom right hand box. 2. Match your score up to the Legend to identify your risk profile. 3. Review the paragraph on the next page to get a detailed

description of the characteristics of your risk profile.

*Performance Disclosures:

1 While Comerica and Prime Capital Investment Advisors "PCIA" believe the performance information was taken from a reliable source, Comerica and PCIA cannot guarantee the complete accuracy of this performance information. Please refer to your custodial statement/records. The data quoted herein represents past performance of actual client accounts and does not guarantee future results. There are alternative methods to calculate performance, including IRR or DTWR, which may result in a higher or lower return depending on your cash flows. Performance includes cash and cash equivalents and also reflects the reinvestment of dividends, interest, capital gains, and other earnings, if applicable. Performance for actual accounts will vary due to the timing of investments, any deposits, withdrawals of funds, diversification, length of relationship, fees assessed by various vendors, investment companies, and PCIA, and the size of positions, among other reasons. Performance is simulated and based on the performance of a different share class with a different expense structure. More information about fees and expenses is available upon written request. Again, as with any investment strategy, there is a potential for profit as well as the possibility for loss. There is no assurance that the future performance of any specific investment, investment strategy, or product detailed in this report will increase in value, will be profitable, or will equal any corresponding indicated historical performance level(s).

2 This portfolio does not directly invest in individual shares of stock. Stock Exposure illustrates the portfolio's overall weighting in a particular security "stock."

3 The Total Annual Operating Expenses have been restated to reflect an increase in the management fee charged by Comerica Bank & Trust, N.A. to administer the Fund. Prior to 10/2/2017, the Total Fund Operating Expenses were 23 bps. Prime Capital Investment Advisors "PCIA," PCIA serves as Investment Manager for the Fund under Section 3(38) of ERISA. FIT Fiduciary Investment Trust is a registered trademark of Prime Capital Investment Advisors. All rights reserved.

4 "US Fund Allocation--30%-50% Equity" represents category/peer returns as assigned by Morningstar?. Data take from Morningstar? as of 03/31/2018.

Non-deposit investment products are not insured by the FDIC; are not deposits or other obligations of, or guaranteed by Comerica Bank or any of its affiliates; and are subject to investment risks, including possible loss of the principal invested. The fund's trustee, Comerica Bank & Trust, N.A., has claimed an exclusion from the definition of the term "commodity pool operator" under the Commodity Exchange Act, and, therefore, is not subject to registration or regulation under the act.

PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS INVESTORS CANNOT INVEST DIRECTLY IN AN INDEX

The FIT Funds are collective Investment Funds offered to qualified retirement plans through Comerica Bank

| | | 411 W. Lafayette Blvd. Institutional Services Group Detroit, MI 48226 1-800-201-1711 Fax: 1-313-222-7116

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