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The Marsico Focus Fund was terminated and removed from the Growth Stock Option on 4/29/16. The fund was terminated due to consistent under performance to the fund benchmark.  The funds were moved into the Growth Stock Option’s index fund – BlackRock Growth Index until the board finds a suitable replacement fund.  The new Growth Stock Option target allocation is as follows:

Manager  Previous Target Allocation  New Target Allocation effective 4/29/16  
Marsico Focus 20% 0%
Broad Run Mid Cap Growth 10% 10%
Wellington Mid Cap Opportunities 10% 10%
T. Rowe Price Growth Stock 20% 20%
Primecap Odyssey Growth 20% 20%
BlackRock Growth Index 20% 40%

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