Jaipur Stock：Retirement Income Planning Shareholder

1. 2023 Retiree Health Care Cost estimate based on a single person retiring in 2023, 65-years-old, with life expectancies that align with Society of Actuaries' RP-2014 Healthy Annuitant rates projected with Mortality Improvements Scale MP-2020 as of 2022. Actual assets needed may be more or less depending on actual health status, area of residence, and longevity. Estimate is net of taxes. The Fidelity Retiree Health Care Cost Estimate assumes individuals do not have employer-provided retiree health care coverage, but do qualify for the federal government’s insurance program, original Medicare. The calculation takes into account Medicare Part B base premiums and cost-sharing provisions (such as deductibles and coinsurance) associated with Medicare Part A and Part B (inpatient and outpatient medical insurance). It also considers Medicare Part D (prescription drug coverage) premiums and out-of-pocket costs, as well as certain services excluded by original Medicare. The estimate does not include other health-related expenses, such as over-the-counter medications, most dental services, and long-term care.

2. All numbers were calculated based on hypothetical rates of inflation of 2%, 3%, and 4% (the historical average from 1926 to 2018 was 3%) to show the effects of inflation over time; actual inflation rates may be more or less and will vary.

3. Returns include the reinvestment of dividends and other earnings. Data source: Morningstar Inc., 2021 (1926–2022). Domestic stocks are represented by the S&P 500® index, bonds are represented by U.S. Intermediate Government Bond Index, and short-term assets are based on the 30-day U.S. Treasury bill. Foreign equities are represented by the MSCI Europe, Australasia, Far East Index for the period from 1970 to the last calendar year. Foreign equities prior to 1970 are represented by the S&P 500® Index. Inflation is represented by the Consumer Price Index. U.S. stock prices are more volatile than those of other securities. Government bonds and corporate bonds have more moderate short-term price fluctuation than stocks but provide lower potential long-term returnsJaipur Stock. U.S. Treasury bills maintain a stable value (if held to maturity), but returns are generally only slightly above the inflation ratePune Investment. Asset allocation does not ensure a profit or protect against a loss.

4. Source: The chart uses Monte Carlo simulations to project a range of hypothetical market return scenarios. Simulations are based on a historical performance analysis of asset class returns, including a range of potential returns for each asset class, volatility, and correlation. Asset classes are represented by benchmark return data from Morningstar, Inc., not actual investments. Stocks (domestic and foreign) are represented by the IA SBBI® US Large Stock TR USD Ext Index from the year 1926 through 1986 and the Dow Jones U.S. Total Market IndexSM from 1987 through the last calendar yearLucknow Investment. Bonds are represented by U.S. intermediate-term bonds from 1926 through 1975 and the Bloomberg Barclays U.S. Aggregate Bond Index from 1976 through the last calendar year. Short-term investments are represented by four-week U.S. Treasury bill rates from 1926 through the last calendar year. Morningstar, Inc., is an independent provider of financial information. Morningstar does not endorse any broker-dealer, financial planner, insurance company, or mutual fund company. The IA SBBI® US Large Stock TR USD Ext index tracks the monthly return of S&P 500. The historical data from 1926 to 1969 is calculated by IbbotsonBangalore Investment. Dow Jones U.S. Total Market IndexSM is an unmanaged market capitalization-weighted index of over 5,000 U.S. equity securities that contains all actively traded common stocks with readily available price data. Bloomberg Barclays U.S. Aggregate Bond Index is an unmanaged market capitalization-weighted index of U.S. dollar-denominated, investment-grade, fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities with maturities of at least one year.

Asset allocation does not ensure a profit or protect against a loss.

Past performance is no guarantee of future results.

Not NCUA or NCUSIF insured. May lose value. No credit union guarantee.

Chennai Stock