Horizons Mid Cap Equity Fund

1 Horizons Mid Cap Equity (800) 947 0845 Refer to the next page for important footnotes, including risk INFORMATION AS OF: 12/31/2021 INCEPTION DATE2: 11/3/2008 PORTFOLIO OPERATING EXPENSES3: Information: Investment ObjectiveThe Horizons Mid Cap Equity Fund seeks to maximize long-term capital growth by investing in common stocks of mid-sized companies those with market capitalizations generally between $500 million and $5 billion. Its earnings and losses are primarily derived from principal growth and secondarily from reinvested dividends. Who Is Most Likely to Choose This Type of Investment?This fund may be appropriate for someone who wishes to invest for long-term growth rather than income. This person is willing to take more risk to achieve higher potential gains and is comfortable riding out dips in the stock market. About the SSgA Index/Buffer This component of the fund provides the cash liquidity for daily transactions by participants. As a result, the other fund managers can significantly minimize their cash position and fully invest the assets they FUNDS4 IMPORTANT INFORMATION: Holdings and composition of holdings are subject to mention of specific securities is not a recommendation to buy, sell, or hold any particular security and is not indicative of current or future trading diversification and top holdings of these underlying funds continue on the next MIDCAP INDEX NL SERIES FUND CLASS AALLIANCEBERNSTEIN MID CAP VALUEWEDGE CAPITAL MID CAP VALUEARTISAN PARTNERS MID CAP GROWTHWILLIAM BLAIR MID CAP GROWTHFUND DIVERSIFICATION SSgA Midcap Index NL Series Fund Class Mid Cap Capital Mid Cap Partners Mid Cap Blair Mid Cap DIVERSIFICATION FIVE HOLDINGS Molina Healthcare Property FirstSource Company Midcap Index NL Series Fund Class A5 Advanced InvestmentADVANCED ROUTESIMPLIFIED ROUTECOBRANDDODGER BLUE.

2 PMS 294 HORIZONSSAVINGSADVANCED ROUTESIMPLIFIED ROUTEHORIZONSSAVINGSPSPADVANCED ROUTESIMPLIFIED ROUTELOW HIGHRisk/Potential Return MeterFor Illustrative Purposes OnlyHorizons Mid Cap Equity Fund1 (continued) (800) 947 0845 Refer to the next page for important footnotes, including risk Funds Diversification and HoldingsThe mention of specific securities is not a recommendation to buy, sell, or hold any particular security and is not indicative of current or future trading DIVERSIFICATION DIVERSIFICATION DIVERSIFICATION Information DIVERSIFICATION Information FIVE HOLDINGS Marvell Technology Markit Solutions Financial & Co FIVE HOLDINGS Ally Financial Food Holdings Health Services FIVE HOLDINGS Cadence Design Sys Materials Storage Inc Class Group FIVE HOLDINGS HubSpot Corp Systems Pharma Rand Mid Cap ValueWedge Capital Mid Cap ValueWilliam Blair Mid Cap GrowthArtisan Partners Mid Cap Growth5 COUNTY OF LOS angeles deferred compensation and thrift Plan & 401(k)

3 Savings Plan1 Equity securities of medium-sized companies may be more volatile than securities of larger, more established The Inception Date listed is the date the fund was initially The 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 Target Access 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 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 options and their underlying funds have been selected by the Plan Administrative Committee.

4 Core securities (except the Self-Directed Brokerage Account) are offered through GWFS Equities, Inc., Member 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. 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 GWFS Equities, Inc. are separate and unaffiliated. 2020 Great-West Life & Annuity Insurance Company. RO1350480-1020 Unless otherwise noted: Not a Deposit | Not FDIC Insured | Not Bank Guaranteed | Funds May Lose Value | Not Insured by Any Federal Government AgencyFootnotes and Risk InformationPlease consider the investment objectives, risks, fees and expenses carefully before investing. Additional disclosure documents can be obtained from your registered representative or Plan website.

5 Read them carefully before OF LOS ANGELESL ooking Ahead457(b) Horizons & 401(k) Savings PlansLAAlway Alway LA457(b) Horizons & 401(k) Savings PlansCOUNTY OF LOS ANGELESL ooking AheadCOUNTY OF LOS ANGELESL ooking AheadLAAlway 401(k) Savings PlanCOBRANDDODGER BLUE: PMS 294 HORIZONSSAVINGSCOUNTY OF LOS ANGELESL ooking AheadLAAlway 457(b) Horizons Pla