The investment options offered under the ESIP today, as well as the fee structure, will remain the same when the plan transitions to Fidelity. Investments are organized into four tiers:

Target Retirement Trusts

Vanguard Target Retirement Income Trust Select
Vanguard Target Retirement 2015 Trust Select
Vanguard Target Retirement 2020 Trust Select
Vanguard Target Retirement 2025 Trust Select
Vanguard Target Retirement 2030 Trust Select
Vanguard Target Retirement 2035 Trust Select
Vanguard Target Retirement 2040 Trust Select
Vanguard Target Retirement 2045 Trust Select
Vanguard Target Retirement 2050 Trust Select
Vanguard Target Retirement 2055 Trust Select
Vanguard Target Retirement 2060 Trust Select
Vanguard Target Retirement 2065 Trust Select

Core Investments

State Street U.S. Inflation Protected Bond Index Non-Lending Series Fund Class C
Vanguard Developed Markets Index Fund Institutional Plus Shares
Vanguard Emerging Markets Stock Index Fund Institutional Plus Shares
Vanguard Federal Money Market Fund Investor Shares
Vanguard Institutional Total Bond Market Index Trust
Vanguard Institutional Total Stock Market Index Trust
Vanguard Institutional 500 Index Trust
Vanguard Institutional Extended Market Index Trust
Vanguard REIT Index Fund Institutional Shares
Vanguard Short-Term Bond Index Fund Institutional Plus Shares
Vanguard Small-Cap Index Fund Institutional Plus Shares
Vanguard Total World Stock Index Fund Institutional Shares
Chevron Common Stock Fund
Chevron Leveraged ESOP Fund*

Supplemental Investments

American Funds EuroPacific Growth Fund Class R-6
Dodge & Cox Income Separate Account
Vanguard PRIMECAP Fund Admiral Shares
Vanguard Windsorâ„¢ II Fund Admiralâ„¢ Shares

Brokerage Option

If you want more flexibility, you can use the brokerage option to invest up to 50 percent of your ESIP balance in thousands of mutual funds and exchange-traded funds (ETFs) from Fidelity and other companies that are not included in your Target Retirement Trust, core or supplemental investment options.

If you participate in the brokerage option, there may be some slight differences in the investment options available under the Fidelity brokerage option. Brokerage participants will receive more information about this in November.

* This fund is not an active investment option. You cannot direct contributions to the fund or move money from other investment options to it. You can, however, transfer money from the fund to other investment options at any time.