FIC Core US Equity Portfolio As of Q4 2019

	FIC Core Portfolio	S&P 500 Total Return
2019 Q4	17.15%1	9.07%2
2019-Calendar	3.96%1	31.49%2
2018-Calendar	-3.86%	-4.38%
2017-Calendar	32.39%	21.83%
2016-Calendar	29.31%	11.96%

1. FIC Core Portfolio is not a tax-exempt account however, the return posted here is before considering tax liability generated by any investment activities. Returns reported here are all time weighted returns, therefore are not reflecting effect of deposits and withdraws on total dollar profits
2. S&P 500 Total Return is FIC Core Portfolio’s benchmark. The return can be found at: http://performance.morningstar.com/funds/etf/total-returns.action?t=spy

Note: Past performance is not an indicator for future performance. There is no guaranty that such performance will be achieved in future.

FIC Core Portfolio	Cash and Cash Equivalent as % of Total NAV
As of 12/31/2019	12.36%
As of 9/30/2019	18.56%
As of 6/28/2019	17.37%
As of 3/31/2019	17.54%
As of 12/31/2018	12.34%
As of 9/28/2018	11.50%
As of 6/30/2018	0.27%
As of 3/31/2018	8.14%
As of 12/31/2017	1.28%
As of 9/30/2017	5.41%
As of 6/30/2017	3.59%