OPERS Small Cap Index Fund Release Date:06-30-2019

OPERS Small Cap Index Fund

Release Date:06-30-2019

..........................................................................................................................................................................................................................................................................................................................................

Benchmark

Overall Morningstar RatingTM

Morningstar Return

Morningstar Risk

Russell 2000 TR USD

QQQQ

Above Average

Above Average

Rated against 633 Small Blend funds. An investment's overall Morningstar Rating, based on its risk-adjusted

return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.

Investment Strategy

This fund is intended for long-term investors seeking to capture the earnings and growth potential of smaller sized U.S. companies.

This fund seeks to match the performance of the Russell 2000? Index. The Russell 2000? Index is approximately comprised of the 2000 smallest companies within the Russell 3000? index and represents approximately 8% of the total market capitalization of the Russell 3000? Index.

Category Description: Small Blend

Small-blend portfolios favor U.S. firms at the smaller end of the market-capitalization range. Some aim to own an array of value and growth stocks while others employ a discipline that leads to holdings with valuations and growth rates close to the small-cap averages. Stocks in the bottom 10% of the capitalization of the U.S. equity market are defined as small cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate.

Volatility Analysis

Low

Moderate

Investment High

Category

In the past, this investment has shown a wide range of price fluctuations relative to other investments. This investment may experience significant price increases in favorable markets or undergo large price declines in adverse markets. Some of this risk may be offset by owning other investments that follow different investment strategies.

Best 3 Month Return

29.74% (Mar '09 - May '09)

Worst 3 Month Return

-35.74% (Sep '08 - Nov '08)

Operations

Expense Ratio Fund Inception Date Total Fund Assets ($mil)

0.05% of fund assets 12-31-02 114.04

Portfolio Manager(s)

Team Managed BlackRock (C.I.) Ltd.

................................................................................................ Management Company BlackRock

Notes You should review Investment Disclosures before making any decisions.The Morningstar Rating that is reflected on page is hypothetical, because Morningstar does not independently analyze the custom fund universe. Rather the Rating is assigned to the custom fund universe as a means to compare the institutional funds with the universe of mutual funds that Morningstar rates.

Performance

40 Total Return%

30 as of 06-30-19

20

Investment

10

Benchmark

0

-10

-20

-30

Average annual, if greater than 1 year

YTD

1 Year

3 Year

5 Year

10 Year

Since Inception

16.98

-3.30

12.26

7.02

13.42

7.51

Fund Return %

16.98

-3.31

12.30

7.06

13.45

10.37

Benchmark Return %

..............1..5.....7..4...................-.3.....7..6............Q....Q..1..Q0....0Q..9............Q....Q....Q5....6Q..5................Q..1..Q2....7Q..0....................9.....5..0....................MC..a.o.t.re.n.g.i.no..gr.y.s.t.A.a.vr..e.R.r.aa..gt.i.en..g.%.TM......

.

.

633

516

375

.

# of Funds in Category

YTD

YTD

Growth of $10,000 as of 06-30-19

50

YTD

YTD

Investment : $36,122

YTD

YTD

Benchmark: $36,245

40

30

20

1K0

0

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

06 - 19

Portfolio Analysis as of 06-30-19

Composition as of 06-30-19

U.S. Stocks Non-U.S. Stocks Bonds Cash Other

% Assets

95.2 1.0 0.0 3.8 0.0

Top 10 Holdings as of 06-30-19

% Assets

Array BioPharma Inc

0.50

Haemonetics Corp

0.30

NovoCure Ltd

0.26

Deckers Outdoor Corp

0.25

S...c..i.e..n..c..e...A..p...p..l.ic..a..t..io...n..s...In...t.e..r.n..a..t..io..n..a..l..C...o..r.p.................................0....2..5.

EMCOR Group Inc

0.24

Black Hills Corp

0.23

Insperity Inc

0.23

ONE Gas Inc

0.23

Portland General Electric Co

0.23

.......................................................................................................

Total Number of Stock Holdings

2011

Total Number of Bond Holdings

0

Annual Turnover Ratio %

.

Morningstar Equity Style BoxTM as of 06-30-19

% Mkt Cap

Large Mid Small

.G..i.a..n..t.........................................0.....0..0.

Large

0.00

Medium

16.71

.S..m...a..l.l......................................7..1.....2..9.

Value Blend Growth

Micro

12.00

Morningstar Sectors as of 06-30-19

% Fund S&P 500 %

.h.......C...y.c..l.i.c..a..l.........................................................4..2....1..6............3..3....2..4.

r Basic Materials

5.43 2.46

t Consumer Cyclical

11.17 12.21

y Financial Services

16.62 15.89

u Real Estate

8.94 2.68

.j.......S...e..n..s..it..i.v.e........................................................3..4....5..5............4..1....6..1.

i Communication Services

1.05 3.48

o Energy

3.42 5.05

p Industrials

15.18 10.10

a Technology

14.90 22.98

.k.......D...e..f.e..n..s..i.v..e......................................................2..3....2..9............2..5....1..4.

s Consumer Defensive

3.59 7.73

d Healthcare

15.89 14.10

f Utilities

3.81 3.31

?2019 Morningstar, Inc., Morningstar? Investment ProfilesTM 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of information. Past performance is no guarantee of future performance. Visit our investment website at .

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