The Deutsche Small Cap Value Fund was terminated and removed from the Diversified Small Co. Stock Option on 4/13/16. The fund was terminated due to consistent under performance to the fund benchmark. The funds were moved into the Diversified Small Co. Stock Option’s index fund – BlackRock Small Co. Index until the board finds a suitable replacement fund. The new Diversified Small Co. Stock Option target allocation is as follows:
| Manager | Previous Target Allocation | New Target Allocation effective 4/13/16 |
| Deutsche Small Cap Value | 10% | 0% |
| DFA US Microcap Portfolio | 15% | 15% |
| Royce Opportunity | 15% | 15% |
| Brown Capital Management Small Co. Instl. | 15% | 15% |
| Buffalo Small Cap | 10% | 10% |
| Mutual of America Disciplined Small Cap Value | 10% | 10% |
| Walthausen Small Cap Value | 5% | 5% |
| BlackRock Small Co. Index | 20% | 30% |