ADVANCED ROUTE ORIONS Savings Bond Fund PSP …

ADVANCED ROUTE INGS

Savings Bond Fund1

ADVANCED ROUTE

SP

Advanced Investment

ADVANCED ROUTE

PORTFOLIO INFORMATION AS OF: 12/31/2022 HORIZONS

INCEPTION DATE2: 11/3/2001 SAVINGS

PORTFOLIO OPERATING EXPENSES3: 0.20%

Risk/Potential Return Meter

LOW

HIGH

For Illustrative Purposes Only

IMPORTANT INFORMATION:

Holdings and composition of holdings are subject to change.

Investment Objective

The Savings Bond Fund invests primarily in quality corporate and U.S. government bonds, generally maintaining an average effective maturity of 10 years or less. Portfolios are structured with benchmarkaware risk and potential return objectives. Tactical investments in non-benchmark sectors are a key source of potential return. Portfolio construction is driven by bottom-up security selection and top-down macroeconomic analysis. We believe the resulting portfolio is well-diversified and positioned to generate strong long-term risk-adjusted investment performance.

Who Is Most Likely to Choose This Type of Investment?

Bond investments may be most appropriate for someone seeking an investment vehicle with a higher potential income than a money market or stable value investment. If your portfolio contains more aggressive investments, such as equities, you may want to balance your portfolio with an option providing potentially steady income, such as a bond fund.

Portfolio Information:

UNDERLYING FUNDS4 LOOMIS, SAYLES & COMPANY, CORE PLUS FULL DISCRETION (LOOMIS) TCW METROPOLITAN WEST CORE BOND (TCW/METWEST)

SECTOR DIVERSIFICATION

U.S. Governments & Agencies Investment Grade Credit High Yield Credit/Bank Loans Asset-Backed Securities Mortgage Backed Securities Convertibles Emerging Markets Debt Non-U.S. Developed Markets Debt Derivatives Cash Alternatives Other

PORTFOLIO CHARACTERISTICS Effective Duration5 Current Yield6

CREDIT QUALITY7 Aaa/AAA Aa/AA A/A Baa/BBB Ba/BB B & Lower/Not Rated

50.0%

50.0%

Loomis TCW/MetWest

15.3%

68.2%

43.4%

28.3%

4.3%

0.1%

13.9%

5.6%

7.4%

7.2%

2.4%

-

4.9%

0.4%

-0.1%

-

0.2%

-

8.3%

-10.6%

-

0.8%

5.52 yrs 3.45%

6.66 yrs 3.95%

29.6% 5.0% 14.2% 43.9% 4.6% 2.7%

66.9% 6.2% 11.9% 14.1% 0.4% 0.5%

8? (800)9470845 Refer to the last page for important footnotes, including risk information.

TY OF LOS ANG

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Ahead

Looking Ahead

Plan

401(k) Savings Plan

HORIZONS

Footnotes and Risk Information

Please consider the investment objectives, risks, fees and expenses carefully before investing. Additional disclosure documents can be obtained from your registered representative or Plan website. Read them carefully before investing.

SAVINGS

1A bond fund's yield, share price and total return change daily and are based on changes in interest rates, market conditions, economic and political news, and the quality and maturity of its investments. In general, bond prices fall when interest rates rise and vice versa.

2 The Inception Date listed is the date the fund was initially offered. 3The portfolio operating expenses reflect the most current data available at the time of production, which may differ from the data previously provided. The portfolio operating expenses

incorporate any fee waivers or expense reimbursements. 4Target allocation 5Effective Duration - A duration calculation for bonds with embedded options. Effective duration takes into account that expected cash flows will fluctuate as interest rates change. 6 Current yield - the investment's annual income divided by the current market value. 7For credit quality, the credit rating information provided by the fund company includes ratings from Standard & Poor's Ratings Services, Moody's Investors Service, and Fitch Ratings.

For further information about the rating agency methodology, please visit the following websites: aboutcreditratings, , and . 8Access to the County of Los Angeles Service Center and/or any website may be limited or unavailable during periods of peak demand, market volatility, systems upgrades/maintenance or other reasons. Transfer requests made via the website and/or Service Center received on business days prior to close of the New York Stock Exchange (1:00 p.m. Pacific Time or earlier on some holidays or other special circumstances) will be initiated at the close of business the same day the request was received. The actual effective date of your transaction may vary depending on the investment option selected. Investing involves risk, including possible loss of principal. Although data is gathered from reliable sources, the completeness or accuracy of the data shown cannot be guaranteed. Investment options and their underlying funds have been selected by the Plan Administrative Committee. Securities offered by Empower Financial Services, Inc., Member FINRA/SIPC. EFSI is an affiliate of Empower Retirement, LLC. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. Securities available through Schwab Personal Choice Retirement Account (PCRA) are offered through Charles Schwab & Co., Inc. (Member SIPC), a registered broker-dealer. Additional information can be obtained by calling 888-393-7272. Charles Schwab & Co., Inc. and Empower Financial Services, Inc. are separate and unaffiliated. RO2430493-1022

COUNTY OF LOS ANGELES Deferred Compensation and Thrift Plan & 401(k) Savings Plan

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