The second page of a Fund Snapshot contains information that is fiduciary in nature. Plan Fiduciaries need not share this information with participants or beneficiaries. This "Fiduciary Report" contains a comparison of the performance of that fund to a universe of funds of similar categorization, both on a trailing returns basis and by calendar year. Expense ratios are compared to the universe. Returns-based style analysis is also presented as an aid to helping evaluate the Fund's investment style. A graph showing consistency of performance against the benchmark is presented.

Fiduciary reports are updated monthly. A contents page serves as an Executive Summary, organizing for quick review the Investment Options by Asset Class, reporting the performance of each Option over several trailing time periods, and compares performance to the Asset Class' Benchmark.