Fidelity Announces New K Shares for IU Retirement Plans
Effective January 10, 2009, the share class of five Fidelity investment options offered through IU retirement plans changed. The new share class offers the same investment strategy and risk, but the overall expenses are now lower! The fees and expenses of the investments selected have an impact on the overall returns of an investment portfolio. Indiana University is pleased to offer this new share class that provides employees the lowest cost share class available for these funds.
The five investment options and the change in the expense ratios are listed below.
| Old Investment Option | Old Expense Ratio % |
New Investment Option | New Expense Ratio % |
| Diversified International Fund | 0.93 |
Diversified International Fund-Class K | 0.78 |
| Balanced Fund | 0.61 |
Balanced Fund-Class K | 0.47 |
| Contrafund® | 0.89 |
Contrafund®-Class K | 0.77 |
| Low-Priced Stock Fund | 0.99 |
Low-Priced Stock Fund-Class K | 0.88 |
| Magellen® Fund | 0.73 |
Magellen® Fund-Class K | 0.61 |
Investment Fund Performance
The following sample of retirement investment options available. The returns are after administrative expenses. These figures are based on historical results, and they are not predictive of future results. Please see a fund prospectus for additional information.
Average Annual % Return |
Average Annual % Return |
||||||||
5 yrs. |
10 yrs. |
Life |
Fund Inception |
5 yrs. |
10 yrs. |
Life |
Fund Inception |
||
Money Market Funds |
Asset Allocation Funds |
||||||||
| CREF Money Market | 3.18 |
3.34 |
4.61 |
4/88 |
Fidelity Freedom 2010 | -0.05 |
2.24 |
5.07 |
10/96 |
| Fidelity FMMT | 3.37 |
3.46 |
4.52 |
12/88 |
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Stock Funds |
|||||||||
Fixed Annuity |
CREF Stock | -1.49 |
-0.73 |
9.38 |
7/52 |
||||
| TIAA Annuity | 4.70 |
6.12 |
- |
- |
CREF Growth | -3.64 |
-4.94 |
4.16 |
4/94 |
| Fidelity Low-Priced Stock K | 0.61 |
7.98 |
12.99 |
12/87 |
|||||
Bond Funds |
Fidelity Contrafund K | 2.36 |
2.84 |
11.88 |
5/67 |
||||
| CREF Bond | 3.53 |
5.00 |
6.73 |
3/90 |
Fidelity Magellan K | -5.89 |
-3.51 |
16.24 |
5/63 |
| Fidelity Govt. Inc. | 5.64 |
5.78 |
8.38 |
4/79 |
|||||
| Fidelity Inv. Grade | 1.41 |
3.88 |
7.23 |
8/71 |
International/World Funds |
||||
| CREF Global Equities | -1.21 |
-1.01 |
5.61 |
5/92 |
|||||
Growth & Income Funds |
Fidelity Diversified Intl K | 1.82 |
5.36 |
8.02 |
10/86 |
||||
| CREF Soc. Choice | 0.23 |
1.52 |
7.67 |
3/90 |
Fidelity Overseas | 0.93 |
1.26 |
10.21 |
12/84 |
| Fidelity Equity Income | -3.56 |
-0.08 |
11.13 |
5/66 |
|||||
|
Annual Interest Crediting Rates |
|||||||||
Balanced Funds
|
PERF Options | 2009
|
2008 |
2007 |
2006 |
||||
| Fidelity Balanced K | 0.55 |
3.52 |
8.27 |
11/86 |
Guaranteed Fund | 6.00%
|
6.50% |
6.0% |
5.75% |
Average Annual %* |
|||||||||
Market Indexes |
1 Year |
3 Year |
5 Year |
||||||
| Dow Jones Industrial | -1.12 |
1.66 |
- |
Money Market Fund | 4.40 |
4.70 |
3.45 |
||
| S&P 500 | -2.19 |
-1.38 |
- |
Bond Fund | 7.40 |
4.50 |
4.10 |
||
| NASDAQ | -3.96 |
-2.72 |
- |
S&P 500 Stock Indexes | -13.00 |
4.40 |
7.60 |
||
| Russell 2000 | -0.93 |
3.02 |
- |
US Small Co. Stock | -25.10 | 1.70 |
10.20 |
||
| EAFE | 4.65 |
5.63 |
- |
International Equity Index | -10.30 |
13.20 |
17.00 |
||
Market Indexes are as of 12/31/2008. |
* Trailing period as of 6/30/2008 |
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