Fidelity Transition Brochure - Tufts University Human Resources

Transcription

Your Plans
Transition Guide
Make the Most of Your Tufts University
401(a) Basic and 403(b) Voluntary
Retirement Plans Investment Options
This guide will help you understand the upcoming Tufts University
401(a) Basic and 403(b) Voluntary Retirement Plans investment
option changes. It includes the following information:
• Your new investment lineup
• How your current investment lineup will transition
to the new investment lineup
• Key dates
• What you need to do and where to get help
Dear Participant:
The Tufts University Retirement Plans are an important part of your overall benefits package. As previously
announced, Tufts University is pleased to provide a simplified investment lineup for the 401(a) Basic and 403(b)
Voluntary Retirement Plans to help you save and invest for your future.
This guide will provide you with key dates and information on what you need to do and where to get help. These
changes will take place on certain dates in order to avoid short-term trading fees. The new investment lineup and
a look at how your current options will transition are also included in this communication.
March 1, 2011
• Your new investment options, including a brokerage window option (Fidelity BrokerageLink ® ), will be available
within the Tufts University Retirement Plans.
April 28, 2011, at 4 p.m. Eastern Standard Time
•Future contributions and exchanges in will be limited to Tier 1: Lifecycle Funds, Tier 2: Core Funds, and Tier 3:
Fidelity BrokerageLink ® as indicated in your new investment lineup on pages 6–8.
•Participants who have a balance in one of the non-core funds will be able to exchange their current balances
into any of the funds within the new investment lineup.
•If you want your future contributions to continue uninterrupted into non-core Fidelity funds, please be
sure to complete a Fidelity BrokerageLink ® account application prior to April 28, 2011, and call Fidelity at
1-800-642-7131 to redirect your future contributions. You also have the opportunity to direct your future contributions to any of the funds within the new investment lineup with Fidelity.
•If no action is taken, future contributions currently directed to any of the non-core funds will be redirected to
the Tufts University Retirement Plan default fund, a Fidelity Lifecycle fund, on April 28, 2011, at 4 p.m. Eastern
Standard Time. Please note that this applies to future contributions only.
April 28–July 28, 2011
•You will have complete control of your account during this time. This window of time represents the 90-day
short-term redemption fee period. Some funds charge a short-term redemption fee if traded prior to holding the fund for a certain period of time. If you plan to trade during this time, please be sure to contact
Fidelity to determine whether your trade is subject to a fee.
July 14, 2011
•This is the deadline to complete a Fidelity BrokerageLink ® account application if you choose to have your
current balances outside the new investment lineup transfer to your BrokerageLink account. If you miss this
deadline, you will be able to set up a BrokerageLink account any time after July 28, 2011.
July 27, 2011, at 4 p.m. Eastern Standard Time
•If you currently have Fidelity K share “institutional” class funds that are not part of the Core Fund lineup,
those K share class funds will not be available in the Fidelity BrokerageLink ® account. Therefore, at this time,
all K share class funds outside the Core Funds will be converted to the “retail” version of the fund before the
conversion to the Fidelity BrokerageLink ® account.
July 28, 2011, at 4 p.m. Eastern Standard Time
•If no action is taken, current balances outside the new investment fund lineup will be liquidated and
reinvested in the Plan default (Fidelity Lifecycle fund) unless a Fidelity BrokerageLink ® account is established.
•If you complete a BrokerageLink account application by July 14, 2011, your balances in each of the funds outside Tier 1 and Tier 2 will automatically transfer to your BrokerageLink account at 4 p.m. Eastern Standard
Time on July 28, 2011. For additional information about Fidelity BrokerageLink ® please review “How Fidelity
BrokerageLink ® Works” located on page 8.
We hope this guide will help you take advantage of the new investment lineup. If you need assistance or have any
questions, please contact a Fidelity Representative at 1-800-642-7131.
Sincerely,
Fidelity Investments
Plan changes are applicable for both the Tufts University Basic Retirement Plan [401(a)] and the Tufts University Voluntary
Retirement Plan [403(b)].
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Table of Contents
Why Are These Changes Important?..............................................................4
New Additions to the Tufts University 401(a) Basic and
403(b) Voluntary Retirement Plans Investment Lineup
with Fidelity, Effective March 1, 2011..............................................................5
Your New Investment Lineup with Fidelity, Effective March 1, 2011......... 6–8
Tier 1: Lifecycle Funds..................................................................................6
Tier 2: Core Funds available through Fidelity.............................................7
Tier 3: Fidelity BrokerageLink®. ...................................................................8
How Fidelity BrokerageLink® Works................................................................8
Obtaining a Fidelity BrokerageLink® Kit..........................................................9
What You Need to Do for Active Participants (Current Employees) and
Inactive Participants (Terminated/Retired Employees)............................ 10–11
Decision 1: Where Do You Want to Invest Your Future Contributions
and/or Current Balances?........................................................10
Decision 2: Would You Like to Enroll in Fidelity BrokerageLink®?............ 11
Key Dates.......................................................................................................12
Additional Resources.....................................................................................13
Frequently Asked Questions................................................................... 14–16
Fund Transfer Grid................................................................................... 17–21
3
Why Are These Changes Important?
>>To allow access to competitive investments and maximum flexibility for diversification
Tufts University periodically reviews the 401(a) Basic and 403(b) Voluntary Retirement Plan’s investments to determine whether participants have access to diverse and competitive investment options.
Tufts has modified the Plan’s investment lineup by carefully considering market exposures and factors
such as risk, performance, and expenses for each investment option. The new lineup provides access
to mutual funds not previously available through the Plans. In addition, funds previously available
remain an option through the self-directed brokerage window option (Fidelity BrokerageLink ®).
>>To encourage you to review your retirement strategy
Reviewing your asset allocation and investment strategy is an important step for verifying that your
choices are appropriate. With the changes announced, there may be other mutual funds that better
meet your goals, or the transfer of funds may cause duplication when other personal investments are
considered. We encourage you to take this time to review your overall retirement strategy to make
sure you’re maximizing the savings and investment opportunities available to you in the Plans. Fidelity
is here for you Monday through Friday, from 8 a.m. to midnight Eastern Standard Time, to help you
select investment options for your situation. Call us at 1-800-642-7131.
>>To make investment decisions easier for you
The new investment lineup offers you three ways to approach your retirement investments: All in
One or variations of Build Your Own. Tier 1 investment options are considered All in One. Tiers 2
and 3 are considered Build Your Own. You may select from a single tier or combine tiers to create an
asset allocation that works for you.
Tier 1: All in One — Fidelity Lifecycle funds
Lifecycle funds, such as the Fidelity Freedom Funds® available in Tier 1, are target date funds
designed for people who want a simple approach to investing that leaves ongoing investment
management to experienced investment professionals. Additional information regarding target date
Lifecycle funds can be found on page 6.
Tiers 2 and 3: Build Your Own approach — Core Funds and Fidelity BrokerageLink®
Core Funds and BrokerageLink are designed for people who want to take a more hands-on approach
and select their own investment mix from a choice of individual investment options.
Tier 2 Core Funds are automatically available to all participants. Tier 3 BrokerageLink requires you to
complete a Participant Acknowledgement Form to open an account and gain access to those funds.
Please note, the first two tiers will be monitored by the Tufts University Retirement Investment
Advisory Committee (RIAC) and their Investment Consultant, Fiduciary Investment Advisors (FIA).
Tier 3 will not be monitored.
See the new investment lineup beginning on page 6 and more detailed descriptions of each investment option in the enclosed investment option descriptions.
4
New Additions to the Tufts University 401(a) Basic and 403(b) Voluntary
Retirement Plans Investment Lineup with Fidelity, Effective March 1, 2011
Beginning on March 1, 2011, the following new investment options, which were not previously available, will be added to the Tufts University Core Fund investment lineup. Please see the enclosed investment option descriptions in this packet for details about these funds.
Baron Small Cap Fund
Cohen & Steers Realty Shares Fund
Columbia Acorn Fund — Class Z
Eaton Vance Large Cap Value Fund — Class A
Harbor International Fund — Investor Class
Neuberger Berman Socially Responsive Fund — Class A
Oppenheimer Developing Markets Fund — Class Y
Oppenheimer International Growth Fund — Class Y
Perkins Mid Cap Value Fund — Class T
Perkins Small Cap Value Fund — Class T
Vanguard Inflation Protected Securities Fund — Admiral Shares
Vanguard Total Bond Market Index Fund — Signal Shares
Fidelity BrokerageLink®
Investments remaining from the previous fund lineup include the following:
Fidelity Contrafund—Class K
Fidelity Growth Company Fund—Class K
Fidelity Low-Priced Stock Fund—Class K
Fidelity Money Market Trust Retirement Money Market Portfolio
Fidelity Strategic Income Fund
Fidelity U.S. Treasury Money Market Fund
Spartan 500 Index Fund—Investor Class
Spartan Extended Market Index Fund—Investor Class
Spartan International Index Fund—Investor Class
5
Your New Investment Lineup with Fidelity,
Effective March 1, 2011
Before investing in any mutual fund, please carefully consider the investment objectives, risks,
charges, and expenses. For this and other information, call or write Fidelity for a free prospectus
or, if available, a summary prospectus. Read it carefully before you invest.
The following is a list of investment options for the Tufts University Retirement Plans, organized by category.
Tier 1: Lifecycle Funds
Investment options to the left have potentially
more inflation risk and less investment risk
Retirement — Target Date 2010
Investment options to the right have potentially
less inflation risk and more investment risk
Target Date 2011–2030
Target Date 2031–2050
Fidelity Freedom Income Fund® Fidelity Freedom 2015 Fund®
Fidelity Freedom 2000 Fund
®
®
Fidelity Freedom 2005 Fund®
Target Date 2050+
®
Target date investments are represented on a separate spectrum because they are generally designed
for investors expecting to retire around the year indicated in each investment’s name. The investments
are managed to gradually become more conservative over time. The investment risks of each target
date investment change over time as the target date investment’s asset allocation changes. Target
date investments are subject to the volatility of the financial markets, including that of equity and fixedincome investments in the U.S. and abroad, and may be subject to risks associated with investing in
high-yield, small-cap, commodity-linked, and foreign securities. Principal invested is not guaranteed at
any time, including at or after the target date investments’ target dates. Please see the fund’s prospectus for detailed information.
Should you not select an investment option, your contributions and current balances will be invested
in the Plan default, a Fidelity Lifecycle fund. The fund that you will be invested in specifically coincides
with the year you will reach age 65. Age 65 is used as a “Normal Retirement Age,” as defined by the
Social Security Administration normal retirement age parameters. The chart below illustrates the Planassigned fund that coincides with the year you will reach age 65. The funds will continue to adjust
beyond retirement to be more conservative based on average life expectancy, with the exception of
the Fidelity Freedom Income Fund.®
If your birth date
is between*
Fund Name
TARGET
RETIREMENT YEARS
Fund
Code
TICKER
1/1/1900–12/31/1932
Fidelity Freedom Income Fund®
Retired before 1998
00369
FFFAX
1/1/1933–12/31/1937
®
Target Years 1998–2002
00370
FFFBX
1/1/1938–12/31/1942
®
01312
FFFVX
1/1/1943–12/31/1947
®
00371
FFFCX
1/1/1948–12/31/1952
®
1/1/1953–12/31/1957
01313
FFVFX
®
00372
FFFDX
1/1/1958–12/31/1962
®
01314
FFTWX
1/1/1963–12/31/1967
®
00373
FFFEX
1/1/1968–12/31/1972
®
01315
FFTHX
1/1/1973–12/31/1977
®
00718
FFFFX
1/1/1978–12/31/1982
01617
FFFGX
1/1/1983 and later
Target Years 2048 and later
01618
FFFHX
*Dates selected by Plan sponsor.
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Effective March 1, 2011, continued
Tier 2: Core Funds available through Fidelity
Investment options to the left have potentially
more inflation risk and less investment risk
Investment options to the right have potentially
less inflation risk and more investment risk
Conservative
Aggressive
Money Market
Bond
Domestic
Equity
International /
Global Equity
Specialty
Cohen & Steers
Large Blend
Harbor
Large Value
Large Growth
Realty Shares
Neuberger
International
Eaton Vance
Fidelity
Fund
Large-Cap Value Berman Socially Contrafund ® — Fund — Investor
Class
Responsive
Fund — Class A
Class K
Vanguard Total
Fund — Class A
Bond Market
Mid Value
Fidelity Growth Oppenheimer
Index Fund — Perkins Mid Cap Spartan® 500
International
Fidelity U.S.
Company
Treasury Money Signal Shares
Value Fund —
Index Fund — Fund — Class K Growth Fund —
Market Fund
Investor Class
Class T
Class Y
InflationMid Growth
Protected
Mid Blend
Columbia Acorn
Small Value
Spartan®
Vanguard
Fidelity LowFund — Class Z
International
Perkins Small
InflationPriced Stock
Index Fund —
Cap Value
Protected
Fund — Class K Small Growth
Fund —
Investor Class
Securities
Baron Small
Class T
®
Fund — Admiral
Cap Fund
Spartan
Emerging
Shares
Extended
Markets
Market Index
Oppenheimer
Fund —
Developing
Markets
Investor Class
Fund — Class Y
Fidelity Money
Market Trust
Retirement
Money Market
Portfolio
Fidelity
Strategic
Income Fund
Additional information regarding the entire Core Fund lineup can be found on the Tufts University
Web site, http://hr.tufts.edu/retirementplanning.
This spectrum, with the exception of the Domestic Equity category, is based on Fidelity’s analysis of the characteristics of the general
investment categories and not on the actual investment options and their holdings, which can change frequently. Investment options
in the Domestic Equity category are based on the options’ Morningstar categories as of 12/31/2010. Morningstar categories are based
on a fund’s style as measured by its underlying portfolio holdings over the past three years and may change at any time. These style
calculations do not represent the investment options’ objectives and do not predict the investment options’ future styles. Investment
options are listed in alphabetical order within each investment category. Risk associated with the investment options can vary significantly within each particular investment category, and the relative risk of categories may change under certain economic conditions.
For a more complete discussion of risk associated with the mutual fund options, please read the prospectuses before making your
investment decisions. The spectrum does not represent actual or implied performance.
An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance
Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund.
Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory,
market, or economic developments.
The securities of smaller, less well known companies can be more volatile than those of larger companies.
Sector funds can be more volatile because of their narrow concentration in a specific industry.
Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of which are magnified in
emerging markets.
In general, the bond market is volatile, and fixed-income securities carry interest-rate risk. (As interest rates rise, bond prices usually
fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed-income securities also carry inflation
risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so holding them until maturity to avoid losses caused by price volatility is not possible. Increases in real interest rates can
cause the price of inflation-protected debt securities to decrease.
Economic downturns or changes in real estate values can have a significant negative effect on issuers in the real estate industry.
7
Effective March 1, 2011, continued
Tier 3: Fidelity BrokerageLink®
Fidelity BrokerageLink® combines the convenience of your workplace retirement Plans with the additional
flexibility of a brokerage account. It gives you expanded investment choices to buy and sell from a wide
variety of mutual funds. A self-directed brokerage account is not for everyone. If you are an investor who is
willing to take on additional risk and you are prepared to assume the responsibility of more closely monitoring the mutual funds in this portion of your portfolio, it could be appropriate for you. However, if you do
not feel comfortable actively managing the mutual funds beyond those offered through your Plan’s Core
Fund investment options, then a self-directed brokerage account may not be appropriate for you.
Remember, it is always your responsibility to ensure that the options you select are consistent with your
particular situation, including your goals, time horizon, and risk tolerance. To obtain a BrokerageLink kit
(including form), call Fidelity Investments at 1-800-642-7131, Monday through Friday, from 8 a.m. to midnight Eastern Standard Time.
How Fidelity BrokerageLink® Works
• Money directed to BrokerageLink is held in a Fidelity account separate from your Plan accounts.
• To set up a BrokerageLink account, you must make an initial exchange of at least $2,500 from your
current balances to your BrokerageLink account. You can request this exchange by contacting a
Fidelity Representative. From then on, the minimum amount that can be exchanged from your
current balances to your BrokerageLink account is $1,000.
• You may also direct all or a portion of your future payroll contributions to your BrokerageLink
account. There is no minimum amount for ongoing payroll contributions once the BrokerageLink
account minimums and any applicable mutual fund minimums are met.
• Money in your BrokerageLink account will remain in a money market account (the Fidelity Cash
Reserves fund) until you purchase mutual funds. The only exception to this would be if you select
the automatic contribution feature for payroll deductions. If you wish to establish the automatic
contribution feature in your BrokerageLink account, please contact a Fidelity BrokerageLink
Representative for additional details.
• The Fidelity funds available in the BrokerageLink account are subject to the same types of expense
and management fees associated with funds in Tier 1 and Tier 2. In addition, some funds may have
short-term redemption fees associated with shares held for less time than the stated holding period.
Please refer to the fund’s prospectus for complete information on the expense ratio or any shortterm redemption fees associated with a particular fund by logging on to www.fidelity.com/atwork.
Please refer to the fact sheet and commission schedule within the BrokerageLink kit for a complete
listing of brokerage fees.
• If you currently have Fidelity K share “institutional” class funds that are not part of the Core Fund
lineup, those K share class funds will not be available in the Fidelity BrokerageLink® account.
Therefore, all K share class funds outside the Core Funds will be converted to the “retail” version
of the fund before the conversion to the Fidelity BrokerageLink ® account.
• Loans and withdrawals are not permitted from your BrokerageLink account. If you wish to withdraw
from your BrokerageLink funds, you must exchange or transfer that money back into an investment option in the Retirement Plan’s Lifecycle or Core Fund lineup (Tier 1 or 2 ). Please note that
BrokerageLink assets are considered part of your Retirement Plan’s balance for loan availability, but
are not available for the actual loan.
Brokerage services are provided by Fidelity Brokerage Services LLC, Member NYSE, SIPC.
8
Obtaining a Fidelity BrokerageLink Kit
®
• C
all a Fidelity Representative at 1-800-642-7131 on any business day from 8 a.m. to midnight Eastern
Standard Time to request a kit.
• Visit Fidelity NetBenefits® at www.fidelity.com/atwork virtually any time.
– Log on to NetBenefits.®
– Click on the Tufts University 403(b) or 401(a) Plan name from the home page.
– In the left navigation bar of your Plan account, click “Plan Information and Documents.”
– Under the Additional Information column, click “Plan Literature.”
– Under Available Literature, check the order box next to Self-Directed Brokerage to have a kit
mailed to you.
The BrokerageLink kit contains an introductory letter, a fact sheet, an informational brochure, a
Participant Acknowledgement Form, and the commission schedule. You should read the materials
carefully — they provide an overview of BrokerageLink, discuss additional investment risks, and answer
questions about opening an account.
If you determine that a BrokerageLink account is right for you, complete and sign the Participant
Acknowledgement Form and return it to Fidelity Investments at the address printed on the form. Once
your form is processed, you will receive a welcome letter with your BrokerageLink account number and
a comprehensive guide on how to use your BrokerageLink account.
PLAN AHEAD — It takes about two weeks from the time Fidelity receives your signed Participant
Acknowledgement Form for your BrokerageLink account to become active.
You may enroll in BrokerageLink at any time. If you fail to enroll when it is first available, you still can
choose to enroll later.
9
What You Need to Do for Active Participants (Current Employees)
and Inactive Participants (Terminated/Retired Employees)
To get ready for the changes to the Plans, you’ll need to make two important decisions on how you
would like to invest:
• Where do you want your future contributions and current balances? and
• Are you interested in opening a Fidelity BrokerageLink® account?
You may find helpful illustrations for your particular situation in Frequently Asked Questions on pages 14–16.
Decision 1: Where Do You Want to Invest Your Future Contributions
and/or Current Balances?
ACTIVE PARTICIPANTS (Current Employees):
You will need to decide where to invest your future contributions and current balances. Future
contributions are ongoing deductions from your pay, and your current balances include money you
have contributed or that was contributed on your behalf to your Plans in the past. Please see the Fund
Transfer Grid beginning on page 17 for a complete list of funds that will be transferring to a target
date–based Fidelity Lifecycle fund.
Effective as of 4 p.m. Eastern Standard Time on April 28, 2011, contributions into the non-core investment options listed in the Fund Transfer Grid of this guide will be closed to new investments (new contributions or exchanges in) under the Tufts University Retirement Plans, unless you enroll in the Fidelity
BrokerageLink® account. If no action is taken, future contributions will be directed to the Plan default,
a Fidelity Lifecycle fund, as indicated on page 6 on April 28, 2011, at 4 p.m. Please note that this is for
future contributions only.
Effective as of 4 p.m. Eastern Standard Time on July 28, 2011, all remaining balances in the investment
options listed in the Fund Transfer Grid will be liquidated and reinvested in the Plan default, a Fidelity
Lifecycle fund, as indicated on page 6. The transfer of balances will appear as an exchange on your account
history and quarterly statement, and you may also receive a prospectus as a result of this transaction.
Action to consider: You may not need to do anything.
• If you are comfortable with your future contributions being directed to the Plan default, a Fidelity
Lifecycle fund, on the above-mentioned dates, you do not need to take any action.
• If you are comfortable with your current balances being liquidated and reinvested in the Plan
default, a Fidelity Lifecycle fund, on the above-mentioned dates, you do not need to take
any action.
• However, if you want to make changes, you must do so prior to the above-listed dates via
NetBenefits at www.fidelity.com/atwork, or by calling Fidelity Investments at 1-800-642-7131
on any business day from 8 a.m. to midnight Eastern Standard Time.
INACTIVE PARTICIPANTS (Terminated/Retired Employees):
You will need to decide where to invest your current balances within your Tufts University Retirement
Plans. Your current balances include money you have contributed or that was contributed on your
behalf to your Plans in the past. Please see the Fund Transfer Grid beginning on page 17, for a complete
list of funds that will be transferring to a target date–based Fidelity Lifecycle fund.
Effective as of 4 p.m. Eastern Standard Time on July 28, 2011, all remaining balances in the investment
options listed in the Fund Transfer Grid will be liquidated and reinvested in the Plan default, a Fidelity
Lifecycle fund, as indicated on page 6. The transfer of balances will appear as an exchange on your account
history and quarterly statement, and you may also receive a prospectus as a result of this transaction.
10
What You Need to Do for Active Participants (Current Employees)
and Inactive Participants (Terminated/Retired Employees)
Action to consider: You may not need to do anything. If you are comfortable with how your current
balances will be liquidated and reinvested in the Plan default, a Fidelity Lifecycle fund, you do not
need to take any action. However, if you want to make an exchange into the Fidelity Lifecycle funds,
the Core Funds, or BrokerageLink, you must do so by 4 p.m. on July 28, 2011, via NetBenefits at
www.fidelity.com/atwork or by calling Fidelity Investments at 1-800-642-7131, any business day from
8 a.m. to midnight Eastern Standard Time.
Decision 2: Would you Like to Enroll in Fidelity BrokerageLink®?
If you wish to continue directing all or a portion of your future contributions or current account balances
to the current investment options in the Tufts University Retirement Plans, you may do so by opening a Fidelity BrokerageLink® account and establishing the automatic contribution feature within your
BrokerageLink account. You may call a Fidelity Representative at 1-800-642-7131 to learn more about the
BrokerageLink option, obtain an account application, and establish the automatic contribution feature.
Please note that you will not be able to direct future contributions to current investment options and to
establish the automatic contribution feature unless you have first opened a BrokerageLink account.
Current balances will transfer “in kind” to BrokerageLink if you complete a BrokerageLink application. This
means that your assets will be transferred to your brokerage account and will NOT be liquidated and
reinvested into the new investment options. The in-kind transfer pertains to your current balances only.
This option to transfer current balances in kind will not be available after July 14, 2011. To take advantage of this option, you must complete and return a BrokerageLink application to Fidelity no later than
July 14, 2011. Your current investment options, as reflected on the Fund Transfer Grid beginning on
page 17, will be automatically transferred in kind to your brokerage account on July 28, 2011, at
4 p.m. Eastern Standard Time. If you have questions about the in-kind transfer, please call Fidelity
at 1-800-642-7131.
Please note: K share funds are not available in Tier 3: Fidelity BrokerageLink.® In order to convert balances
in the K share funds to BrokerageLink, it is necessary to convert your balances in the K share funds to
the noninstitutional class of the same fund. This conversion will occur on July 27, 2011, at 4 p.m. Eastern
Standard Time. If you complete a BrokerageLink account application by July 14, 2011, your balances in
the funds outside Tiers 1 and 2 will transfer to your BrokerageLink account on July 28, 2011. If you do not
open a BrokerageLink account by July 14, 2011, your account balances in funds outside Tiers 1 and 2 will
be liquidated and reinvested in the Plan default, a Fidelity Lifecycle fund, on July 28, 2011, at 4 p.m.
If you decide to continue your investments with the current non-core investment options, you must
return a completed BrokerageLink account application to Fidelity by July 14, 2011, in order to establish a BrokerageLink account and direct your current investments to BrokerageLink. Please note
that the BrokerageLink account entails greater risk and is not appropriate for everyone. Additional
fees* may apply to a BrokerageLink account. Call Fidelity at 1-800-642-7131 to learn more about the
BrokerageLink option and to obtain an account application. Again, please keep in mind that it takes
approximately two weeks for the brokerage account to be set up.
*Commissions and fees are subject to change. For a complete listing of applicable fees, please request a BrokerageLink kit,
which will include a fact sheet and the brokerage commission and fee schedule. All fees as described in the fund’s prospectus
still apply.
11
Key Dates
Please carefully review the following calendar of key dates. Pay special attention to transaction deadlines,
so you can plan ahead for any investment election changes you may want to make.
Key date
Plan activity
What it means to you
March 1, 2011
New fund lineup is
available, including
Fidelity BrokerageLink ®
You can redirect future contributions or exchange money into
Fidelity Lifecycle funds, Core Funds, and/or establish a Fidelity
BrokerageLink ® account.
March 21–
April 15, 2011
Investment Planning
workshops presented
by Fidelity Investments
and TIAA-CREF
Attend an investment planning workshop taking place at Tufts
University to learn more about the new options available and
get answers to any questions you have regarding BrokerageLink
accounts.
To schedule an appointment with Fidelity Investments for an
individual confidential consultation, call 1-800-642-7131, Monday
through Friday, from 8 a.m. to midnight Eastern Standard Time.
April 28, 2011, at All future contributions
4 p.m. Eastern
will be limited to the
Standard Time
new investment fund
lineup
Future contributions and exchanges in will be limited to the
Lifecycle funds, Core Funds, and Fidelity BrokerageLink® as indicated in your new investment lineup.
If you are directing future contributions to the non-core Fidelity
funds, and if no action is taken, future contributions will be directed
to the Plan default fund, a Fidelity Lifecycle fund, on April 28, 2011,
at 4 p.m. Please note: this is for future contributions only.
April 28–July 28,
2011
90-day short-term
trading window
You will have complete control of your account during this time.
Some funds charge a short-term redemption fee if traded prior to
holding the fund for a certain period of time. If you plan to trade during this time, please be sure to contact Fidelity at 1-800-642-7131 to
determine whether your trade is subject to a fee.
July 14, 2011
BrokerageLink account
application deadline
If you return a completed BrokerageLink account application, your
current non-core Fidelity investment options will transfer in kind to
your BrokerageLink account on July 28, 2011.
July 27, 2011, at
4 p.m. Eastern
Standard Time
K share conversion
If you currently have Fidelity K share “institutional” class funds that
are not part of the Core Fund lineup, those K share class funds
will not be available in the Fidelity BrokerageLink® account. All K
share class funds outside the Core Funds will be converted to the
“retail” version of the fund before the conversion to the Fidelity
BrokerageLink® account.
July 28, 2011, at
4 p.m. Eastern
Standard Time
Fund transfers occur
for current balances
If you are invested in non-core Fidelity funds, your current balances
will be liquidated and reinvested in the Plan default, a Fidelity
Lifecycle fund, unless you have established a BrokerageLink account
by July 14, 2011.
If you complete a BrokerageLink account application by July 14, 2011,
your balances in each of the funds outside Tier 1 and Tier 2 will
automatically transfer to BrokerageLink at 4 p.m. Eastern Standard
Time on July 28, 2011.
July 29, 2011
Ongoing
Your future contributions and current balances must be invested
in the Fidelity Lifecycle funds, the Core Funds, or BrokerageLink.
You may proceed with any investment changes to current
balances or future contributions by logging on to
www.fidelity.com/atwork or by calling a Fidelity Representative
at 1-800-642-7131.
The reallocation of assets depends on the timely liquidation of those assets. A delay in liquidation may result in a change to the
above-noted dates.
12
Additional Resources
With these changes to the investment options, now is a good time to review your current investment
strategy and verify that your account is invested in a way that will help you meet your retirement goals.
Any investment option you choose should fit into your long-term investing strategy. By reviewing your
retirement goals, your time to retirement, and your tolerance for risk, you’ll gain a better understanding
of whether one or more of the new investment options may be right for you. Here’s how to do so.
goal
resource
Understand your current
portfolio.
• Refer to your latest account statement.
• Access your account through Fidelity NetBenefits® at www.fidelity.com/atwork.
Click on Savings & Retirement to view your current holdings.
Review your investment
strategy.
• For a quick review of your investment strategy, visit www.fidelity.com/atwork.
Click on Resources, then Tools & Calculators. Retirement planning tools are available
to help you determine whether you’re on track for retirement.
Meet with a Workplace
Planning & Guidance
Consultant.
• To schedule an appointment for a confidential consultation with a dedicated
Workplace Planning & Guidance Consultant, call 1-800-642-7131, Monday through
Friday, from 8 a.m. to midnight Eastern Standard Time.
If you have general questions about the changes, or if you would like to request a change to your
account, contact Fidelity by logging on to Fidelity NetBenefits® at www.fidelity.com/atwork or call
Fidelity Investments at 1-800-642-7131, Monday through Friday (excluding New York Stock Exchange
holidays), between 8 a.m. and midnight Eastern Standard Time. Please note that you must contact a
Fidelity Representative at 1-800-642-7131 in order to open a BrokerageLink account.
13
Frequently Asked Questions
Questions 1–14 are for employees who like their current holdings and do not wish to change anything.
Q1. I currently invest in Fidelity Lifecycle funds. Do
I need to do anything to continue to have my
contributions go to Fidelity Lifecycle funds?
A1. No. If you currently invest in Fidelity Lifecycle
funds and you want to continue with that same
investment, you do not need to do anything.
Q2. I am happy with my current holdings and
currently have a diversified portfolio of mutual
funds that are not in the new Tier 1 or Tier 2
investment lineup. What do I need to do to
make sure my contributions and balances stay
as they are currently directed?
A2. First, you need to establish a Fidelity
BrokerageLink® account by completing and
returning a brokerage account application to
Fidelity by April 28, 2011. Next, you will need
to call Fidelity at 1-800-642-7131 to set up the
automatic contribution feature for your brokerage account and redirect your future contributions. After these initial steps are taken, current
balances will transfer in kind on July 28, 2011.
Q3. Is there a time delay between my
BrokerageLink account being set up and my
ability to enroll in automatic contributions?
A3. If your Fidelity BrokerageLink® account has been
established, Fidelity Representatives will be able
to assist in directing future contributions to your
BrokerageLink account and establishing the
automatic contribution feature within your Fidelity
BrokerageLink® account. Keep in mind that it
takes approximately two weeks for your Fidelity
BrokerageLink service to be established once
Fidelity has received your application.
Q4. Can I establish a Fidelity BrokerageLink®
account and set up automatic contributions
through the NetBenefits online service?
A4. While you can direct all or a portion of your future
contributions to your BrokerageLink account
online, the automatic contribution feature must be
established through a Fidelity Representative first.
14
Q5. What is the difference between K share class
funds and non-K share class funds?
A5. K share class funds are institutional shares; they
have lower expense ratios, which means they
are a less expensive share class. K shares have
the same management team and investment
objectives and will invest in the same underlying
funds as the non-K share class.
Q6. I plan to open a BrokerageLink account and
use some of the new mutual funds available.
Does the brokerage application ask me how I
would like my contributions allocated?
A6. No. The BrokerageLink application simply opens
the Fidelity BrokerageLink® account. Once
the account has been established, you must
contact a Fidelity Representative to establish the
automatic contribution feature within your Fidelity
BrokerageLink® account. Please keep in mind that
in order to take advantage of this feature, you
also must elect to direct all or a portion of your
contributions to the brokerage account. Once the
automatic contribution feature is enabled, you
can direct all or a portion of your contributions to
your BrokerageLink account online or through a
Fidelity Representative.
Q7. I currently use the automatic rebalance tool
and reallocate whenever a fund is out of range
by 5%. I have a mix of mutual funds, including Fidelity Lifecycle funds, and do not plan to
make any changes. Will I be able to reallocate
automatically?
A7. No. Now that the BrokerageLink service is
available to Tufts University, the automatic
rebalance service will be disabled. You will still
be able to utilize the notification feature of the
service, but your account will not be rebalanced
automatically.
Frequently Asked Questions, continued
Q8. Can I complete the BrokerageLink application
online?
A8. No. While you can request the brokerage account
application online, you must complete and return
the Acknowledgement form by mail.
Log on to NetBenefits at www.fidelity.com/
atwork virtually any time.
–C
lick on the Tufts University 403(b) or 401(a)
Plan name from the home page.
– In the left navigation bar of your Plan account,
click “Plan Information and Documents.”
–U
nder the Additional Information column, click
“Plan Literature.”
–U
nder Available Literature, check the order box
next to Self-Directed Brokerage to have a kit
mailed to you.
You may also call a Fidelity Representative at
1-800-642-7131 any business day from 8 a.m.
to midnight Eastern Standard Time to request
a BrokerageLink kit.
Q9. How long does it take to have my
BrokerageLink account set up?
A9. It takes about two weeks from the time
Fidelity receives your signed Participant
Acknowledgement Form for your BrokerageLink
account to become active.
Q10.If I complete my BrokerageLink application by
April 28, 2011, so that my contributions do not
change, do I need to complete another application or form to have my balances transferred?
A10. No. If you complete a BrokerageLink application
and send it to Fidelity prior to April 28, 2011,
your current balances will transfer in kind to
the same Fidelity funds in the brokerage window
on July 28, 2011.
Q11.Can I move my balances into the BrokerageLink
funds prior to July 28, 2011?
A11. Yes, but be advised that you may be subject to
short-term trading fees, depending on the funds
you own. Additionally, when initiating a transfer to
BrokerageLink, your balances are liquidated and
swept into the Fidelity Cash Reserves fund within
your Fidelity BrokerageLink® account. You can
then initiate an exchange from the Fidelity Cash
Reserves fund to any other mutual fund offered on
the brokerage platform. If you transfer balances
prior to July 28, 2011, you forfeit the ability to
transfer current balances in kind to your brokerage
account.
Q12.This brochure talks about an in-kind transfer
of my current investment options. Can you
explain this further?
A12. If you have established a BrokerageLink account
by July 14, 2011, any current investment
options that are no longer offered in the Plans
will be automatically transferred in kind to your
BrokerageLink account.
One of the benefits of the in-kind transfer is that
you do not have to liquidate your current investment options. Instead, the number of shares you
had in your Plan account just before the transfer
will simply move to your BrokerageLink account.
The in-kind transfer pertains to your current
balances only. You have the opportunity to take
advantage of this in-kind transfer by opening
a BrokerageLink account by July 14, 2011; the
option to transfer current balances in kind will not
be available after this date.
To have your contributions continue unchanged, you
must establish a Fidelity BrokerageLink® account,
direct your future contributions to that account,
and establish the automatic contribution feature
within your BrokerageLink account. If you return the
application by July 14, 2011, your current balances
in your current account will transfer in kind to your
Fidelity BrokerageLink® account.
Q13.If I open a BrokerageLink account in order to
keep my Fidelity funds unchanged, will I be
charged commissions every time I purchase
Fidelity funds through my payroll deductions?
A13. No, the Fidelity funds are not subject to commissions. We recommend you speak with a Fidelity
BrokerageLink® Representative to understand the
investment minimums before establishing the
automatic contribution feature.
Q14.If I keep all my mutual funds as they are and
invest through BrokerageLink, will I be subject
to any additional fees that I am not currently
subject to?
A14. No.
15
Frequently Asked Questions, continued
Questions 15–22 are for employees who want assets in both the Core Funds and the BrokerageLink account.
Q15.I like most of the funds offered in the Core
Fund lineup, but I want to add a few others
through BrokerageLink. What process do I
need to follow to do that?
A15. You need to complete a BrokerageLink application. Keep in mind that it takes approximately two
weeks to establish a BrokerageLink account.
Regarding your future contributions, first you
must complete the BrokerageLink application
process to purchase fund shares through the
brokerage account prior to April 28, 2011.
Second, in order to make sure your contributions
are invested in the funds you would like without
interruption, you must contact Fidelity to set up
contributions to go to funds in the BrokerageLink
account by calling 1-800-642-7131.
Q16.Where can I find a list of all the funds available
through Fidelity BrokerageLink®?
A16. A complete listing of all available mutual
funds through Fidelity BrokerageLink® are
posted on the Tufts University HR Benefits Web
site, http://hr.tufts.edu/retirementplanning.
Q17.How do I modify my investment elections?
A17. You can establish your investment elections for
future contributions on Fidelity NetBenefits® at
www.fidelity.com/atwork or through a Fidelity
Representative. You will have the option to
direct all or a portion of your contributions to
your Fidelity BrokerageLink® account or to any
other Plan investment option. However, in order
to establish the automatic contribution feature
within your brokerage account, you must speak
with a BrokerageLink Representative.
Q18.Can I transfer some of my current balances
to new funds in the brokerage account and
transfer others to the new Core Fund lineup?
If so, can I make all those elections online
through NetBenefits?
A18. Yes, once you have established a Fidelity
BrokerageLink® account, you can transfer current
balances to the Core Fund investment options
and/or your BrokerageLink account at any time
starting on March 1, 2011, through NetBenefits
16
or a Fidelity Representative. Please keep in mind
that if you open a BrokerageLink account and
transfer your balances prior to July 28, 2011, the
transfer in-kind date, you may be subject to shortterm trading fees.
Q19.How do I transfer assets from my Plan account
to BrokerageLink?
A19. If you have established a BrokerageLink account,
you can initiate a transfer from any Plan investment option to BrokerageLink at any time. You
can initiate the transfer through NetBenefits or a
Fidelity Representative. Please note that depending on the fund, you may be subject to shortterm redemption fees. Once the transfer to your
BrokerageLink account is complete, you must
contact a Fidelity Representative to request an
exchange from the Fidelity Cash Reserves fund
to any of the mutual funds available within your
Fidelity BrokerageLink® account.
Q20.What are the fees associated with the new
investment lineup?
A20. Fees related to each registered investment option
are expressed in the form of an expense ratio and
are disclosed in the fund’s prospectus.
Q21.Can I use Tiers 1, 2, and 3, or must I invest in
one tier?
A21. Yes, participants can invest funds in one, two, or
all three tiers. A Fidelity BrokerageLink® account
will need to be established for Tier 3.
Q22.Are there any fees associated with a Fidelity
BrokerageLink account?
A22. Mutual funds available in the BrokerageLink
account are subject to the same types of expense
and management fees associated with funds in
Tier 1 and Tier 2. Some funds may have shortterm redemption fees associated with shares held
less than the stated holding period. Please refer
to the fund’s prospectus for complete information
on the expense ratio or any short-term redemption fees associated with a particular fund by
logging on to www.fidelity.com/atwork.
Fund Transfer Grid
Your future contributions in the investment options listed below under current investment options will be
redirected to the Plan default fund, a Fidelity Lifecycle fund, if you do not take action by April 28, 2011.
Your current balances in the investment options listed below under current investment options will be
liquidated and reinvested in the Plan default fund, a Fidelity Lifecycle fund, if you do not take action by
July 28, 2011.
Current Investment Options
Fund Code
Ticker
short-Term
Trading Fees
All funds listed in this section under current investment options will transfer to a target date–based
Fidelity Lifecycle fund that coincides with the year you will reach age 65. To find your target date–based
Fidelity Freedom fund, its fund code, and the ticker symbol, see page 6 of this brochure.
Fidelity 130/30 Large Cap Fund
02063
FOTTX
N/A
Fidelity Asset Manager 20%
00328
FASIX
N/A
Fidelity Asset Manager ® 30%
01957
FTANX
N/A
01958
FFANX
N/A
00314
FASMX
N/A
01959
FSANX
N/A
00321
FASGX
N/A
00347
FAMRX
N/A
Fidelity Balanced Fund — Class K
02077
FBAKX
N/A
Fidelity Blue Chip Growth Fund — Class K
02078
FBGKX
N/A
Fidelity Blue Chip Value Fund
01271
FBCVX
N/A
Fidelity Canada Fund
00309
FICDX
1.50%/90 Days
Fidelity Capital & Income Fund
00038
FAGIX
1.00%/90 Days
Fidelity Capital Appreciation Fund — Class K
02079
FCAKX
N/A
Fidelity Cash Reserves
00055
FDRXX
N/A
Fidelity China Region Fund
00352
FHKCX
1.50%/90 Days
Fidelity Convertible Securities Fund
00308
FCVSX
N/A
Fidelity Corporate Bond Fund
02208
FCBFX
N/A
Fidelity Disciplined Equity Fund — Class K
02081
FDEKX
N/A
Fidelity Diversified International Fund — Class K
02082
FDIKX
1.00%/30 Days
Fidelity Dividend Growth Fund — Class K
02083
FDGKX
N/A
Fidelity Dynamic Strategies® Fund
01960
FDYSX
N/A
Fidelity Emerging Asia Fund
00351
FSEAX
1.50%/90 Days
Fidelity Emerging Europe, Middle East, Africa (EMEA) Fund
02053
FEMEX
1.50%/90 Days
Fidelity Emerging Markets Fund — Class K
02084
FKEMX
1.50%/90 Days
Fidelity Equity-Income Fund — Class K
02085
FEIKX
N/A
Fidelity Equity-Income II Fund — Class K
02086
FETKX
N/A
Fidelity Europe Capital Appreciation Fund
00341
FECAX
1.00%/30 Days
Fidelity Europe Fund
00301
FIEUX
1.00%/30 Days
®
®
®
®
17
Fund Transfer Grid, continued
Fund Code
Ticker
short-Term
Trading Fees
Fidelity Export and Multinational Fund — Class K
02087
FEXKX
0.75%/30 Days
Fidelity Fifty
00500
FFTYX
N/A
Fidelity Floating Rate High Income Fund
00814
FFRHX
1.00%/60 Days
Fidelity Focused High Income Fund
01366
FHIFX
1.00%/90 Days
Fidelity Focused Stock Fund
00333
FTQGX
N/A
Fidelity Four-in-One Index Fund
00355
FFNOX
N/A
Fidelity Fund — Class K
02088
FFDKX
N/A
Fidelity Global Balanced Fund
00334
FGBLX
1.00%/30 Days
Fidelity Global Commodity Stock Fund
02120
FFGCX
1.00%/30 Days
Fidelity GNMA Fund
00015
FGMNX
N/A
Fidelity Government Income Fund
00054
FGOVX
N/A
Fidelity Government Money Market Fund
00458
SPAXX
N/A
Fidelity Growth & Income Portfolio — Class K
02089
FGIKX
N/A
Fidelity Growth Discovery Fund — Class K
02091
FGDKX
N/A
Fidelity Growth Strategies Fund — Class K
02076
FAGKX
1.50%/90 Days
Fidelity High Income Fund
00455
SPHIX
1.00%/90 Days
Fidelity Independence Fund — Class K
02092
FDFKX
N/A
Fidelity Inflation-Protected Bond Fund
00794
FINPX
N/A
Fidelity Institutional Short-Intermediate Government Fund
00662
FFXSX
N/A
Fidelity Intermediate Bond Fund
00032
FTHRX
N/A
Fidelity Intermediate Government Income Fund
00452
FSTGX
N/A
Fidelity International Capital Appreciation Fund
00335
FIVFX
1.00%/30 Days
Fidelity International Discovery Fund — Class K
02093
FIDKX
1.00%/30 Days
Fidelity International Enhanced Index Fund
02010
FIENX
1.00%/30 Days
Fidelity International Growth Fund
01979
FIGFX
1.00%/30 Days
Fidelity International Real Estate Fund
01368
FIREX
1.50%/90 Days
Fidelity International Small Cap Fund
00818
FISMX
2.00%/90 Days
Fidelity International Small Cap Opportunities Fund
01504
FSCOX
2.00%/90 Days
Fidelity International Value Fund
01597
FIVLX
1.00%/30 Days
Fidelity Investment Grade Bond Fund
00026
FBNDX
N/A
Fidelity Japan Fund
00350
FJPNX
1.50%/90 Days
Fidelity Japan Smaller Companies Fund
00360
FJSCX
1.50%/90 Days
Fidelity Large Cap Core Enhanced Index Fund
01827
FLCEX
N/A
Fidelity Large Cap Growth Enhanced Index Fund
01829
FLGEX
N/A
Fidelity Large Cap Growth Fund
00763
FSLGX
N/A
Fidelity Large Cap Stock Fund
00338
FLCSX
N/A
18
®
Fund Code
Ticker
short-Term
Trading Fees
Fidelity Large Cap Value Enhanced Index Fund
01828
FLVEX
N/A
Fidelity Large Cap Value Fund
00708
FSLVX
N/A
Fidelity Latin America Fund
00349
FLATX
1.50%/90 Days
Fidelity Leveraged Company Stock Fund — Class K
02094
FLCKX
1.50%/90 Days
Fidelity ® Magellan® Fund — Class K
02096
FMGKX
N/A
Fidelity Mega Cap Stock Fund
00361
FGRTX
N/A
Fidelity Mid Cap Enhanced Index Fund
02012
FMEIX
0.75%/30 Days
Fidelity Mid Cap Growth Fund
00793
FSMGX
0.75%/30 Days
Fidelity Mid-Cap Stock Fund — Class K
02097
FKMCX
0.75%/30 Days
Fidelity Mid Cap Value Fund
00762
FSMVX
0.75%/30 Days
Fidelity Money Market Fund
00454
SPRXX
N/A
Fidelity Money Market Trust Retirement Government
Money Market Portfolio
00631
FGMXX
N/A
Fidelity Mortgage Securities Fund
00040
FMSFX
N/A
Fidelity ® Nasdaq® Composite Index Fund
01282
FNCMX
0.75%/90 Days
Fidelity New Markets Income Fund
00331
FNMIX
1.00%/90 Days
Fidelity New Millennium Fund
00300
FMILX
N/A
Fidelity Nordic Fund
00342
FNORX
1.50%/90 Days
Fidelity OTC Portfolio — Class K
02098
FOCKX
N/A
Fidelity Overseas Fund — Class K
02099
FOSKX
1.00%/30 Days
Fidelity Pacific Basin Fund
00302
FPBFX
1.50%/90 Days
®
Fidelity Puritan Fund — Class K
02100
FPUKX
N/A
Fidelity Real Estate Income Fund
00833
FRIFX
0.75%/90 Days
Fidelity Real Estate Investment Portfolio
00303
FRESX
0.75%/90 Days
Fidelity Short-Term Bond Fund
00450
FSHBX
N/A
Fidelity Small Cap Discovery Fund
00384
FSCRX
1.50%/90 Days
Fidelity Small Cap Enhanced Index Fund
02011
FCPEX
1.50%/90 Days
Fidelity Small Cap Growth Fund
01388
FCPGX
1.50%/90 Days
Fidelity Small Cap Stock Fund
00340
FSLCX
2.00%/90 Days
Fidelity Small Cap Value Fund
01389
FCPVX
1.50%/90 Days
Fidelity Stock Selector All Cap Fund — Class K
02101
FSSKX
N/A
Fidelity Stock Selector Small Cap Fund
00336
FDSCX
1.50%/90 Days
Fidelity Strategic Dividend & Income Fund
01329
FSDIX
N/A
Fidelity Strategic Real Return Fund
01505
FSRRX
0.75%/60 Days
Fidelity Telecom and Utilities Fund
00311
FIUIX
N/A
Fidelity Total Bond Fund
00820
FTBFX
N/A
®
®
®
19
Fund Code
Ticker
short-Term
Trading Fees
Fidelity Total International Equity Fund
01978
FTIEX
1.00%/30 Days
Fidelity Trend Fund
00005
FTRNX
N/A
Fidelity Ultra-Short Bond Fund
00812
FUSFX
0.25%/60 Days
Fidelity U.S. Bond Index Fund
00651
FBIDX
N/A
N/A
N/A
N/A
Fidelity U.S. Government Reserves
00050
FGRXX
N/A
Fidelity Value Discovery Fund — Class K
02103
FVDKX
N/A
Fidelity Value Fund — Class K
02102
FVLKX
N/A
Fidelity Value Strategies Fund — Class K
02104
FVSKX
N/A
Fidelity Worldwide Fund
00318
FWWFX
1.00%/30 Days
Select Air Transportation Portfolio
00034
FSAIX
0.75%/30 Days
Select Automotive Portfolio
00502
FSAVX
0.75%/30 Days
Select Banking Portfolio
00507
FSRBX
0.75%/30 Days
Select Biotechnology Portfolio
00042
FBIOX
0.75%/30 Days
Select Brokerage and Investment Management Portfolio
00068
FSLBX
0.75%/30 Days
Select Chemicals Portfolio
00069
FSCHX
0.75%/30 Days
Select Communications Equipment Portfolio
00518
FSDCX
0.75%/30 Days
Select Computers Portfolio
00007
FDCPX
0.75%/30 Days
Select Construction and Housing Portfolio
00511
FSHOX
0.75%/30 Days
Select Consumer Finance Portfolio
00098
FSVLX
0.75%/30 Days
Select Consumer Staples Portfolio
00009
FDFAX
0.75%/30 Days
Select Defense and Aerospace Portfolio
00067
FSDAX
0.75%/30 Days
Select Electronics Portfolio
00008
FSELX
0.75%/30 Days
Select Energy Portfolio
00060
FSENX
0.75%/30 Days
Select Energy Service Portfolio
00043
FSESX
0.75%/30 Days
Select Environment and Alternative Energy Portfolio
00516
FSLEX
0.75%/30 Days
Select Financial Services Portfolio
00066
FIDSX
0.75%/30 Days
Select Gold Portfolio
00041
FSAGX
0.75%/30 Days
Select Health Care Portfolio
00063
FSPHX
0.75%/30 Days
Select Industrials Portfolio
00515
FCYIX
0.75%/30 Days
Select Insurance Portfolio
00045
FSPCX
0.75%/30 Days
Select IT Services Portfolio
00353
FBSOX
0.75%/30 Days
Select Leisure Portfolio
00062
FDLSX
0.75%/30 Days
Select Materials Portfolio
00509
FSDPX
0.75%/30 Days
Select Medical Delivery Portfolio
00505
FSHCX
0.75%/30 Days
Select Medical Equipment and Systems Portfolio
00354
FSMEX
0.75%/30 Days
Fidelity U.S. Equity Index Commingled Pool—Class 1
20
Fund Code
Ticker
short-Term
Trading Fees
Select Money Market Portfolio
00085
FSLXX
N/A
Select Multimedia Portfolio
00503
FBMPX
0.75%/30 Days
Select Natural Gas Portfolio
00513
FSNGX
0.75%/30 Days
Select Natural Resources Portfolio
00514
FNARX
0.75%/30 Days
Select Pharmaceuticals Portfolio
00580
FPHAX
0.75%/30 Days
Select Software and Computer Services Portfolio
00028
FSCSX
0.75%/30 Days
Select Technology Portfolio
00064
FSPTX
0.75%/30 Days
Select Telecommunications Portfolio
00096
FSTCX
0.75%/30 Days
Select Transportation Portfolio
00512
FSRFX
0.75%/30 Days
Select Utilities Portfolio
00065
FSUTX
0.75%/30 Days
Select Wireless Portfolio
00963
FWRLX
0.75%/30 Days
Spartan Intermediate Treasury Bond Index Fund — Investor Class
01561
FIBIX
N/A
Spartan® Long-Term Treasury Bond Index Fund — Investor Class
01562
FLBIX
N/A
Spartan® Short-Term Treasury Bond Index Fund — Investor Class
01560
FSBIX
N/A
Spartan Total Market Index Fund — Investor Class
00397
FSTMX
0.50%/90 Days
®
The reallocation of assets depends on the timely liquidation of those assets. A delay in liquidation may result in a change to the
above-noted dates.
Before investing in any mutual fund, please carefully consider the investment objectives, risks,
charges, and expenses. For this and other information, call Fidelity at 1-800-642-7131 or visit
www.fidelity.com/atwork for a free mutual fund prospectus or, if available, a summary prospectus. Read it carefully before you invest.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you
may gain or lose money.
This document provides only a summary of the main features of the Tufts University Retirement Plans,
and the Plan documents will govern in the event of any discrepancies.
The Tufts University Retirement Plans are intended to be a participant-directed plan as described in Section
404(c) of ERISA, which means that fiduciaries of this Plan are ordinarily relieved of liability for any losses that
are the direct and necessary result of investment instructions given by a participant or beneficiary.
Unless otherwise noted, transaction requests confirmed after the close of the market, normally 4 p.m.
Eastern Standard Time, or on weekends or holidays, will receive the next available closing prices.
The investment options available through the Plans reserve the right to modify or withdraw the
exchange privilege.
21
Notes:
22
Notes:
23
Fidelity Brokerage Services LLC, Member NYSE, SIPC
900 Salem Street, Smithfield, RI 02917
© 2011 FMR LLC. All rights reserved.
571651.1.0
A20110426-01/0211
Investment Options
New investment option descriptions
The following new funds are being added to the Tufts University 401(a) Basic
and 403(b) Voluntary Retirement Plans effective March 1, 2011.
Baron Small Cap Fund
FPRS Code: OQQY
Ticker: BSCFX
Objective: A Small Company mutual fund; the Morningstar Category is Small Growth.
Strategy: The investment seeks capital appreciation. The fund normally invests at least 80% of assets in equity securities of smallsized growth companies. A small-sized company is defined as having a market value of under $2.5 billion at the time of purchase.
The Advisor seeks to purchase securities that the Adviser expects could increase in value 50% within two years.
Risk: The securities of smaller, less well-known companies can be more volatile than those of larger companies. Growth stocks can
perform differently from the market as a whole and can be more volatile than other types of stocks. Stock markets are volatile and
can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risks
may be magnified in foreign markets. Please consult the prospectus for additional risk information specific to this fund.
Short-term Redemption Fee Note: None
Who may want to invest:
• Someone who is seeking the potential for long-term share-price appreciation.
• Someone who is willing to accept the generally greater price volatility associated both with growth-oriented stocks and with
smaller companies.
A mutual fund registered under Baron Investment Funds Trust, and managed by BAMCO Inc. This description is only intended to
provide a brief overview of the fund. Read the fund’s prospectus for more detailed information about the fund.
Cohen & Steers Realty Shares Fund
FPRS Code: OFQG
Ticker: CSRSX
Objective: A Specialty — Real Estate mutual fund; the Morningstar Category is Real Estate.
Strategy: The investment seeks total return with equal emphasis on capital appreciation and current income. The fund invests
primarily at least 80% and normally all of its assets in equity securities of real-estate companies. These securities may consist of
common stocks, rights or warrants to purchase common stocks, convertible securities, and preferred stocks. It may invest without
limit in shares of real-estate investment trusts. The fund may invest up to 20% of assets in securities of foreign real-estate
companies. It is non-diversified.
Risk: Real Estate is a cyclical industry that is sensitive to interest rates, economic conditions (both nationally and locally), property
tax rates, and other factors. Changes in real estate values or economic downturns can have a significant negative effect on issuers
in the real estate industry. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory,
market, economic or other developments. These risks may be magnified in foreign markets. Sector funds can be more volatile
because of their narrow concentration in a specific industry. In general the bond market is volatile, and fixed income securities carry
interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longerterm securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties.
Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding
them until maturity is not possible. Please consult the prospectus for additional risk information specific to this fund.
• Someone who is willing to accept the potentially lower diversification and higher risks associated with investing in a particular
industry or sector.
• Someone who is seeking to complement his or her core holdings with investments concentrated in a particular sector or industry.
A mutual fund registered under Cohen & Steers Realty Shares Inc, and managed by Cohen & Steers Capital Management Inc.
This description is only intended to provide a brief overview of the fund. Read the fund’s prospectus for more detailed information
about the fund.
Columbia Acorn Fund Class Z
FPRS Code: OFAR
Ticker: ACRNX
Objective: A Growth mutual fund; the Morningstar Category is Mid-Cap Growth.
Strategy: The investment seeks long-term capital appreciation. The fund normally invests a majority of net assets in small- and
mid-sized companies with market capitalizations under $5 billion at the time of investment. It invests the majority of assets in U.S.
companies, but also may invest up to 33% of total assets in foreign companies in developed markets and in emerging markets.
1
Investment Options
Risk: Growth stocks can perform differently from the market as a whole and can be more volatile than other types of stocks. The
securities of smaller, less well-known companies can be more volatile than those of larger companies. Stock markets are volatile
and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. These
risks may be magnified in foreign markets. Please consult the prospectus for additional risk information specific to this fund.
• Someone who is seeking the potential for long-term share-price appreciation.
• Someone who is willing to accept the generally greater price volatility associated both with growth-oriented stocks and with
smaller companies.
A mutual fund registered under Columbia Acorn Trust, and managed by Columbia Wanger Asset Management, L.P. This description
is only intended to provide a brief overview of the fund. Read the fund’s prospectus for more detailed information about the fund.
Eaton Vance Large-Cap Value Fund Class A
Fidelity BrokerageLink®
FPRS Code: BLNK
Ticker: N/A
What it is: A brokerage account within your retirement plan that offers the opportunity to choose investments from a range of
previously available Fidelity mutual funds. This account is neither a mutual fund nor is it managed by any of the Fidelity
Investments group of companies. Brokerage services are provided through Fidelity Brokerage Services LLC, a member of the New
York Stock Exchange and Securities Investor Protection Corporation.
Goal: To provide a broad range of mutual funds that allow you expanded choices in managing your retirement savings more actively.
What it invests in: You alone decide how to invest the assets in your Fidelity BrokerageLink account. You can invest in a vast array
of mutual funds through Fidelity BrokerageLink. There are additional fees for investing in a BrokerageLink account. See your plan’s
fact sheet for details.
• Someone who is comfortable with evaluating and researching a broad universe of mutual funds, and who wants to invest part of
his or her retirement savings in mutual funds through a brokerage account.
• Someone who wants the highest degree of variety in selecting mutual funds investments for his or her retirement savings, and
who is familiar with how a brokerage account operates.
For more information, visit www.fidelity.com/atwork or call 1-800-642-7131.
FPRS Code: OSAU
Ticker: EHSTX
Objective: A Growth and Income mutual fund; the Morningstar Category is Large Value.
Strategy: The investment seeks total return. The fund normally invests primarily in value stocks of large-cap companies. It
normally invests at least 80% of net assets in equity securities of large-cap companies. The fund primarily invests in dividendpaying stocks. It may invest in convertible debt securities (including securities rated below investment grade) and real estate
investment trusts for income. The fund may invest up to 25% of total assets in foreign securities.
Risk: Value stocks can perform differently than other types of stocks and can continue to be undervalued by the market for long
periods of time. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market,
economic or other developments. These risks may be magnified in foreign markets. Please consult the prospectus for additional
risk information specific to this fund.
• Someone who is seeking the potential for long-term share-price appreciation and, secondarily, dividend income.
• Someone who is comfortable with the volatility of large-cap stocks and value-style investments.
A mutual fund registered under Eaton Vance Special Investment Trust, and managed by Boston Management and Research. This
description is only intended to provide a brief overview of the fund. Read the fund’s prospectus for more detailed information
about the fund.
Harbor International Fund Class Investor
FPRS Code: OLMK
Ticker: HIINX
Objective: A Foreign Stock mutual fund; the Morningstar Category is Foreign Large Blend.
Strategy: The investment seeks long-term total return, principally from growth of capital. The fund invests primarily (no less than
65% of total assets) in common and preferred stocks of foreign companies that have market capitalizations in excess of $1 billion,
including those located in emerging market countries. It invests in a minimum of 10 countries throughout the world. The fund
focuses on companies located in Europe, the Pacific Basin and emerging industrialized countries whose economies and political
regimes appear more stable.
2
Investment Options
Risk: Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of which may be
magnified in emerging markets. Value and growth stocks can perform differently from other types of stocks. Growth stocks can be
more volatile. Value stocks can continue to be undervalued by the market for long periods of time. Stock markets are volatile and
can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. Please
consult the prospectus for additional risk information specific to this fund.
Short-term Redemption Fee Note: This fund has a Short-term Redemption Fee of 2.00% for shares held less than 60 days.
• Someone who is seeking to complement a portfolio of domestic investments with international investments, which can
behave differently.
• Someone who is willing to accept the higher degree of risk associated with investing overseas.
A mutual fund registered under Harbor Funds, and managed by Harbor Capital Advisors Inc. This description is only intended to
provide a brief overview of the fund. Read the fund’s prospectus for more detailed information about the fund.
Neuberger Berman Socially Resp Fund Class A
FPRS Code: OEMP
Ticker: NRAAX
Objective: A Growth mutual fund; the Morningstar Category is Large Blend.
Strategy: The investment seeks long-term growth of capital by investing primarily in securities of companies that meet the funds
financial criteria and social policy. The fund invests mainly in common stocks of mid- to large-capitalization companies. It seeks to
reduce risk by investing across many different industries. The Portfolio Managers employ a research driven and valuation sensitive
approach to stock selection, with a long term perspective. Although the fund invests primarily in domestic stocks, it may also
invest in stocks of foreign companies.
Risk: Value and growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile. Value stocks
can continue to be undervalued by the market for long periods of time. Stock markets are volatile and can decline significantly in
response to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified in
foreign markets. Please consult the prospectus for additional risk information specific to this fund.
Short-term Redemption Fee Note: N/A
• Someone who is seeking both growth- and value-style investments and who is willing to accept the volatility associated with
investing in the stock market.
A mutual fund registered under Neuberger Berman Equity Funds, and managed by Neuberger Berman Management LLC. This
description is only intended to provide a brief overview of the fund. Read the fund’s prospectus for more detailed information
about the fund.
Oppenheimer Developing Markets Fund Class Y
FPRS Code: OKGU
Ticker: ODVYX
Objective: A Diversified Emerging Markets mutual fund; the Morningstar Category is Diversified Emerging Mkts.
Strategy: The investment aggressively seeks capital appreciation. The fund normally invests at least 80% of assets, plus borrowings for investment purposes, in equity securities of issuers whose principal activities are in at least three developing markets. It
may at times invest up to 100% of its total assets in foreign securities. The fund emphasizes investments in growth companies
which can be in any market capitalization range.
magnified in emerging markets. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. Please consult the prospectus for additional risk information specific to this fund.
• Someone who is willing to accept the higher degree of risk associated with investing in emerging markets.
• Someone who is seeking to complement a portfolio of domestic investments and/or international investments in developed
countries with investments in developing countries, which can behave differently.
A mutual fund registered under Oppenheimer Developing Markets Fund, and managed by OppenheimerFunds, Inc. This description
Oppenheimer International Growth Fund Class Y
3
FPRS Code: OUIN
Ticker: OIGYX
Objective: A Foreign Stock mutual fund; the Morningstar Category is Foreign Large Growth.
Strategy: The investment seeks long-term capital appreciation. The fund invests mainly in common stocks of growth companies
that are domiciled outside the U.S. or have their primary operations outside the U.S. It invests at least 65% of total assets in
common and preferred stocks of issuers in at least three different countries outside of the United States, and emphasizes
Investment Options
investments in common stocks of issuers that the portfolio manager considers to be “growth” companies. The fund does not limit
its investments to issuers within a specific market capitalization range.
magnified in emerging markets. Growth stocks can perform differently from the market as a whole and can be more volatile than
other types of stocks. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory,
market, economic or other developments. Please consult the prospectus for additional risk information specific to this fund.
• Someone who is seeking to complement a portfolio of domestic investments with international investments, which can
behave differently.
• Someone who is willing to accept the higher degree of risk associated with investing overseas.
A mutual fund registered under Oppenheimer International Growth Fund, and managed by OppenheimerFunds, Inc. This description
FPRS Code: OQJU
Ticker: JMCVX
Objective: A Growth mutual fund; the Morningstar Category is Mid-Cap Value.
Strategy: The investment seeks capital appreciation. The fund primarily invests in the common stocks of mid-sized companies
whose stock prices the portfolio managers believe are undervalued. It normally invests at least 80% of assets in equity securities
of companies whose market capitalization falls, at the time of purchase, within the 12-month average of the capitalization range of
the Russell Midcap Value Index. The fund may invest in foreign equity and debt securities, which may include investments in
emerging markets. It can also invest assets in derivatives.
Risk: Value stocks can perform differently than other types of stocks and can continue to be undervalued by the market for long
periods of time. The securities of smaller, less well-known companies can be more volatile than those of larger companies. Stock
markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other
developments. These risks may be magnified in foreign markets. Please consult the prospectus for additional risk information
specific to this fund.
• Someone who is comfortable with value-style investments and the potentially greater volatility of investments in smaller companies.
A mutual fund registered under Janus Investment Fund, and managed by Janus Capital Management LLC. This description is only
intended to provide a brief overview of the fund. Read the fund’s prospectus for more detailed information about the fund.
The Russell Midcap® Value Index is an unmanaged market capitalization-weighted index of medium-capitalization value-oriented
stocks of U.S. domiciled companies that are included in the Russell Midcap Index. Value-oriented stocks tend to have lower priceto-book ratios and lower forecasted growth values.
As of February 16, 2010, this fund changed its name from Perkins Mid Cap Value Fund — Class J.
Perkins Small Cap Value Fund Class T
FPRS Code: OFER
Ticker: JSCVX
Objective: A Small Company mutual fund; the Morningstar Category is Small Value.
Strategy: The investment seeks capital appreciation. The fund normally invests at least 80% of assets in equity securities of
undervalued small companies whose market capitalizations are within the 12-month average of the maximum market capitalization
for companies included in the Russell 2000 Value Index. It may invest assets in derivatives.
Risk: The securities of smaller, less well-known companies can be more volatile than those of larger companies. Value stocks can
perform differently than other types of stocks and can continue to be undervalued by the market for long periods of time. Stock
markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other
developments. These risks may be magnified in foreign markets. Please consult the prospectus for additional risk information
specific to this fund.
• Someone who is comfortable with value-style investments and the potentially greater volatility of investments in smaller companies.
Perkins Mid Cap Value Fund Class T
A mutual fund registered under Janus Investment Fund, and managed by Janus Capital Management LLC. This description is only
The Russell 2000® Value Index is an unmanaged market capitalization-weighted index of value-oriented stocks of U.S. domiciled
companies that are included in the Russell 2000 Index. Value-oriented stocks tend to have lower price-to-book ratios and lower
forecasted growth values.
As of February 16, 2010, this fund changed its name from Perkins Small Cap Value Fund — Class J.
4
Vanguard Inflation-Protected Securities Fund Admiral Shares
Investment Options
FPRS Code: OSWB
Ticker: VAIPX
Objective: A Government Bond — Treasury mutual fund; the Morningstar Category is Inflation-Protected Bond.
Strategy: The investment seeks to provide inflation protection and income consistent with investment in inflation-indexed securities. The fund invests at least 80% of assets in inflation-indexed bonds issued by the U.S. government. It may invest in bonds of
any maturity, though the fund typically maintains a dollar-weighted average maturity of 7 to 20 years.
Risk: The interest payments of TIPS are variable, they generally rise with inflation and fall with deflation. In general the bond
market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa.
This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and
default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so
avoiding losses caused by price volatility by holding them until maturity is not possible. Please consult the prospectus for
additional risk information specific to this fund.
• Someone who is seeking potential returns primarily in the form of interest dividends and who can tolerate more frequent
changes in the size of dividend distributions than those usually found with more conservative bond funds.
• Someone who is seeking to supplement his or her core fixed-income holdings with a bond investment that is tied to changes
in inflation.
A mutual fund registered under Vanguard Fixed Income Securities Funds, and managed by Vanguard Group, Inc. This description
Vanguard Total Bond Market Index Fund Signal Shares
FPRS Code: OKVY
Ticker: VBTSX
Objective: An Income mutual fund; the Morningstar Category is Intermediate-Term Bond.
Strategy: The investment seeks to track the performance of a broad, market-weighted bond index. The fund employs a “passive
management”, or indexing investment approach designed to track the performance of the Barclays Capital U.S. Aggregate Float
Adjusted Index. It invests by sampling the index. It invests at least 80% of assets in bonds held in the index. The fund maintains a
dollar-weighted average maturity consistent with that of the index, ranging between 5 and 10 years.
Risk: In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices
usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry
inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not
have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible. Please consult
the prospectus for additional risk information specific to this fund.
• Someone who is seeking potential returns primarily in the form of interest dividends rather than through an increase in share price.
• Someone who is seeking to diversify an equity portfolio with a more conservative investment option.
A mutual fund registered under Vanguard Bond Index Funds, and managed by Vanguard Group, Inc. This description is only
The Barclays Capital U.S. Aggregate Float Adjusted Index measures the total universe of public, investment-grade, taxable, fixed
income securities in the United States—including government, corporate, and international dollar-denominated bonds, as well as
mortgage-backed and asset-backed securities—all with maturities of more than 1 year.
Fidelity Freedom Income Fund®
FPRS Code: 0369
Ticker: FFFAX
Objective: Seeks high total current income and, as a secondary objective, capital appreciation.
Strategy: Investing in a combination of underlying Fidelity equity, fixed-income, and short-term funds using a moderate asset
allocation strategy designed for investors already in retirement. Allocating assets among underlying Fidelity funds according to a
stable asset allocation strategy of approximately 14.6% in domestic equity funds, 5.4% in international equity funds, 35% in
investment-grade fixed-income funds, 5% in high yield fixed-income funds, and 40% in short-term funds.
Risk: The fund is subject to the volatility of the financial markets, including equity and fixed income investments. Fixed income
investments entail issuer default and credit risk, inflation risk and interest rate risk (as interest rates rise bond prices usually fall and
vice versa). This effect is usually pronounced for longer-term securities. Principal invested is not guaranteed at any time, including
at or after retirement.
5
A mutual fund registered under Fidelity Aberdeen Street Trust, and managed by Strategic Advisers, Inc. This description is
intended to provide only a brief overview of the fund. Read the fund’s prospectus for more detailed information about the fund.
A mutual fund registered under Fidelity Aberdeen Street Trust, and managed by Strategic Advisers, Inc. This description is only
FPRS Code: 1312
Ticker: FFFVX
Objective: Seeks high total return until its target retirement date. Thereafter the fund’s objective will be to seek high current
income and, as a secondary objective, capital appreciation.
allocation strategy designed for investors expected to have retired around the year 2005. Allocating assets among underlying
Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15%
in domestic equity funds, 5% in international equity funds, 35% in investment-grade fixed-income funds, 5% in high yield fixedincome funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2005). Ultimately, the fund will merge with
Freedom Income Fund.
Risk: The investment risk of each Fidelity Freedom Fund changes over time as its asset allocation changes. The funds are subject
to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be
subject to risks associated with investing in high-yield, small-cap, commodity-linked, and foreign securities. Principal invested is
not guaranteed at any time, including at or after the funds’ target dates.
• Someone who is seeking an investment option intended for people in or very near retirement and who is willing to accept the
volatility of diversified investments in the market.
• Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option or who does
not feel comfortable making asset allocation choices over time.
FPRS Code: 0370
Ticker: FFFBX
Investment Options
• Someone who is seeking an investment option intended for people in retirement and who is willing to accept the volatility of
diversified investments in the market.
• Someone who is seeking a diversified mix of stocks, bonds, and short-term investments in one investment option and looking
primarily for the potential for income and, secondarily, for share-price appreciation.
6
Investment Options
FPRS Code: 0371
Ticker: FFFCX
allocation strategy designed for investors expecting to retire around the year 2010. Allocating assets among underlying Fidelity
funds according to an asset allocation strategy that becomes increasingly conservative until it reaches approximately 15% in
domestic equity funds, 5% in international equity funds, 35% in investment-grade fixed-income funds, 5% in high yield fixedincome funds, and 40% in short-term funds (approximately 10 to 15 years after the year 2010). Ultimately, the fund will merge with
FPRS Code: 1313
Ticker: FFVFX
FPRS Code: 0372
Ticker: FFFDX
7
Investment Options
• Someone who is seeking an investment option that gradually becomes more conservative over time and who is willing to accept
the volatility of the markets.
FPRS Code: 0373
Ticker: FFFEX
FPRS Code: 1314
Ticker: FFTWX
8
Investment Options
FPRS Code: 1315
Ticker: FFTHX
FPRS Code: 0718
Ticker: FFFFX
9
FPRS Code: 1618
Ticker: FFFHX
Investment Options
FPRS Code: 1617
Ticker: FFFGX
Before investing in any mutual fund, please carefully consider the investment objectives, risks, charges, and expenses. For
this and other information, call or write Fidelity for a free prospectus or, if available, a summary prospectus. Read it
carefully before you invest.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
572853.1.0
10

Fidelity Transition Brochure - Tufts University Human Resources

Transcription

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