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September 30, 2021 S&P 500 INDEX FUND

HCA 401(k) Plan Fund overview The S&P 500 INDEX Fund is a passively managed fund com-prised of a diversified portfolio of large to medium capitaliza-tion stocks. Objective Fund objective is to replicate the Standard & Poor s 500 INDEX . INDEX Description The S&P 500 INDEX measures the performance of the large-cap growth segment of the equity universe. The S&P 500 is a basket of 500 widely held stocks. The performance of the S&P 500 is considered to be representative of the stock market as a whole. Portfolio Characteristics Inception Date: January 2, 2000 Investment Manager: Northern Trust Global Investments Investment Management Fee: (effective: July 1, 2022) INDEX Fund Administra-tive Expense Cap: (effective: July 1, 2022) Benchmark: S&P 500 INDEX Periods exceeding one year are annualized.

Fund Overview The S&P 500 Index Fund is a passively managed fund com-prised of a diversified portfolio of large to medium capitaliza-tion stocks. ... Barclays Capital Long-term Treasury Index 0.46% -7.40% -10.13% 9.17% 3.33% 4.40% High Yield Corporate Bond Fund Bank of America Merrill Lynch High Yield

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Transcription of September 30, 2021 S&P 500 INDEX FUND

1 HCA 401(k) Plan Fund overview The S&P 500 INDEX Fund is a passively managed fund com-prised of a diversified portfolio of large to medium capitaliza-tion stocks. Objective Fund objective is to replicate the Standard & Poor s 500 INDEX . INDEX Description The S&P 500 INDEX measures the performance of the large-cap growth segment of the equity universe. The S&P 500 is a basket of 500 widely held stocks. The performance of the S&P 500 is considered to be representative of the stock market as a whole. Portfolio Characteristics Inception Date: January 2, 2000 Investment Manager: Northern Trust Global Investments Investment Management Fee: (effective: July 1, 2022) INDEX Fund Administra-tive Expense Cap: (effective: July 1, 2022) Benchmark: S&P 500 INDEX Periods exceeding one year are annualized.

2 Fund returns are shown net of fees. On October 1, 2017, this fund began participating in an INDEX fund that allows securities lend-ing. Net income generated from securities lending activities is credited directly to the fund and reflected in fund returns. It is not possible to invest directly in a benchmark and benchmark returns do not include costs and fees inherent with investing and managing a portfolio such as investment management, broker-age commissions and transac-tion costs. Therefore, fund inves-tors should expect fund returns lower than their benchmarks. Fund Fact Sheet 100% EQUITY - COMMON STOCKS June 30, 2022 S&P 500 INDEX FUND Tier 2: General Asset Class Stock Portfolio High Risk INVESTING IN THIS FUND Consider your investment timeframe: Most investment advisors recommend adjusting your invest-ments to reflect the time remaining until you retire or need access to your savings.

3 The longer you have until you expect to use your savings, the more investment risk you may be able to take because you have to recover from any short-term losses such as a market downturn. The closer you are to retiring or needing to withdraw your savings, the less in-vestment risk you may be able to assume. Consider your asset allocation: Most investment advisors recom-mend spreading investment risk over different types of assets, there-by reducing the overall risk of your portfolio. The Tier 1: Pre-mixed To-Go Funds are designed with these considerations in mind. Fund & Benchmark Returns (For periods ended 6-30-22) Period Fund Benchmark 3 Mo YTD 1 Year 3 Year 5 Year HCA 401(k) Plan Comparative Benchmark Performance and Composite Allocations June 30, 2022 FUND BENCHMARKS Fund Name Benchmark Name Quarter One Year Three Years Five Years Ten Years Tier 1 Funds: 5-To-Go Fund Composite A 15-To-Go Fund Composite B 25-To-Go Fund Composite C 35-To-Go Fund Composite D 45-To-Go Fund Composite E Tier 2 Funds.

4 Interest Income Fund BofA Merrill Lynch 3 Mo Treasury INDEX Investment Grade Bond INDEX barclays Capital Aggregate Bond INDEX S&P 500 INDEX Fund S&P 500 INDEX International Equity INDEX MSCI EAFE INDEX Tier 3 Funds: Inflation Protected Treas-ury INDEX Fund barclays Capital Inflation-Linked Treasury INDEX Long-Term Treasury INDEX Fund barclays Capital Long-term Treasury INDEX High Yield Corporate Bond Fund Bank of America Merrill Lynch High Yield Master INDEX Large Company Value INDEX Russell 1000 Value INDEX Large Company Growth INDEX Russell 1000 Growth INDEX Small Company Value INDEX Russell 2000 Value INDEX Small Company Growth INDEX Russell 2000 Growth INDEX Emerging Market Stock INDEX Fund MSCI Emerging Market INDEX Real Estate Investment Trust INDEX FTSE EPRA Real Estate Global INDEX

5 Commodities INDEX Fund Bloomberg Commodities INDEX ABOUT THESE INDICES: Periods exceeding one year are annualized. Composite benchmarks for the To-Go funds reflect the asset allocation listed above, rebalanced monthly. It is not possible to invest directly in a benchmark and performance does not include costs and fees inherent with investing and managing a portfolio such as investment management, brokerage commissions and transaction costs. Therefore, INDEX fund investors should expect performance lower than their benchmarks. Comparative Benchmark Performance and Composite Allocations Fund Name Benchmark Name Composite A Composite B Composite C Composite D Composite E Tier 1 Funds: 5-To-Go Fund Composite A 100% 15-To-Go Fund Composite B 100% 25-To-Go Fund Composite C 100% 35-To-Go Fund Composite D 100% 45-To-Go Fund Composite E 100% Composite Allocation.

6 Investment Grade Bond INDEX barclays Capital Aggregate Bond INDEX 50% 35% 20% 15% 10% International Equity INDEX MSCI EAFE INDEX 4% 6% 10% 12% 15% Inflation Protected Treasury INDEX Fund barclays Capital Inflation-Linked Treasury INDEX 15% 10% 6% 2% 0% Long-Term Treasury INDEX Fund barclays Capital Long-term Treasury INDEX 5% 8% 6% 2% 0% High Yield Corporate Bond Fund Bank of America Merrill Lynch High Yield Master INDEX 5% 7% 8% 6% 5% Large Company Value INDEX Russell 1000 Value INDEX 5% 8% 12% 15% 18% Large Company Growth INDEX Russell 1000 Growth INDEX 5% 8% 12% 15% 18% Small Company Value INDEX Russell 2000 Value INDEX 2% 3% 5% 7% 8% Small Company Growth INDEX Russell 2000 Growth INDEX 2% 3% 5% 7% 8% Emerging Market Stock INDEX Fund MSCI Emerging Market INDEX 1% 2% 3% 4% 5% Real Estate Investment Trust INDEX FTSE EPRA Real Estate Global INDEX 3% 4% 5% 6% 3% Commodities INDEX Fund Bloomberg Commodity INDEX 0% 2% 3% 4% 5% Alternative Investment Pool Large Core Equity Pool Merrill Lynch 3 Mo Treasury INDEX + annualized S&P 500 INDEX 3% 4% 5% 5% 5% Periodic Table of Benchmark Returns June 30, 2022 HCA 401(k) Plan Total Annualized Operating Expense Ratios June 30, 2022 FUND OPERATING EXPENSES Fund Name Fund Type Investment Management Fee Ratio (deducted by the Plan and paid to the Fund Manager) Investment Management Fee Ratio (deducted directly by the underlying Fund Manager) Administrative Fee Ratio (deducted directly by the un-derlying Fund Manager) Total Expense Ratio (operating expenses that reduce the Fund's rate of return) Tier 1 Funds.

7 5-To-Go Fund Balanced 15-To-Go Fund Balanced 25-To-Go Fund Balanced 35-To-Go Fund Balanced 45-To-Go Fund Balanced Tier 2 Funds: Interest Income Fund Stable Value Investment Grade Bond INDEX Bond S&P 500 INDEX Fund Stock International Equity INDEX International Stock Tier 3 Funds: Inflation Protected Treasury INDEX Fund Bond Long-Term Treasury INDEX Fund Bond High Yield Corporate Bond Fund Stock Large Company Value INDEX Stock Large Company Growth INDEX Stock Small Company Value INDEX Stock Small Company Growth INDEX Stock Emerging Market Stock INDEX Fund International Stock Real Estate Invest-ment Trust INDEX Stock

8 Commodities INDEX Fund Commodities MonthYTD1 Year3 Year5 Year7 Year10 Year10 Year7 Year5 Year3 Year1 YearYTD3 (Gross)EQUITYNORTHERN TRUST ASSET MANAGEMENTS&P500 INDEX FUND - LENDINGI nvestment ObjectiveThe primary objective of the Northern Trust Collective S&P 500 INDEX Fund - Lending is to approximate the risk and return characteristics of theS&P 500 INDEX . This INDEX is commonly used to represent the large cap segment of the equity ApproachTo achieve its objective, the Fund employs a replication technique which generally seeks to hold each INDEX constituent in its proportional indexweight. The Fund may make limited use of futures and/or options for the purpose of maintaining equity exposure. This Fund may participate insecurities PERFORMANCE % AS OF 3/31/22 COLLECTIVEAS OF 1Q22S&P500 INDEX Fund - LendingS&P 500 FUNDOVERVIEWFundBenchmark/IndexS&P 500 Total Net Assets$ Billion$FEES ANDEXPENSESFundFPERFORMANCE DISCLOSURESPast performance is not indicative of future results.

9 Returns for periods greater than one year areannualized and represent geometrically linked rates of return. Gross performance returns shown do notreflect the deduction of investment management/advisory fees, assume the reinvestment of dividendsand capital gains, and are net of transaction costs and other expenses (such as administrativeexpenses). Performance results will be reduced by the fees incurred in the management of the management/advisory fees are charged outside of the trust. Performance results (or fees)are provided by Northern Trust Investments, Inc. INDEX performance returns do not reflect anymanagement fees, transaction costs or expenses. It is not possible to invest directly in any illustrate the effect of the compounding fees, assuming an annual gross return of 8% and an annualinvestment management fee of , a $10,000,000 account would grow in value over five years to$14,693,280 before fees and $14,548,130 after deduction of fees.

10 The fee illustration represents thededuction of the highest applicable management fee. Investment management/advisory fees aredescribed in Northern Trust Investments, Inc. Form ADV Part can be no assurance that any portfolio investment objectives will be achieved. Risk controls andmodels do not promise any level of performance or guarantee against loss of principal. Anydiscussion of risk management is intended to describe Northern Trust s efforts to monitor andmanage risk but does not imply low FDIC INSUREDMAY LOSE VALUENO BANK GUARANTEEB enchmark I Annualized ReturnsAdministrative Fee Cap (%) Fees and Expenses (%) $1000 Investment ($) set forth in the Fund Declaration for each Fund, NTI hasestablished an Administrative Fee Cap pursuant to which thesum of (i) the fees charged by the Fund's external auditor and(ii) the Custody and Fund Administration Fee paid by the Fundwill not exceed a specified percentage of the Fund's assets.


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