IRA and 403(b) TSA Mutual Fund Enhancements
The following enhancements to our IRA and 403(b) mutual fund line up will provide our participants with mutual fund investments that better meet their needs and the objectives of our Investment Policy Statement risk return standards. A complete list of available investment funds, along with prospectuses and fact sheets, is available on the Investment Choices page.
Two new investments will be available effective April, 26, 2010
PIMCO All Asset Institutional (PIMCO)
Parnassus Equity Income Institutional (Parnassus)
Four funds will be removed from our fund lineup effective August 6, 2010 at 3 p.m. (CST)
Domini Social Equity Institutional Shares
Ariel Appreciation Fund
Ariel Fund
Calvert World Values International Equity
FAQ
Why are funds being removed from the investment choices?
The four funds are being eliminated from our lineup of mutual funds because they failed to meet our Investment Policy Statement risk return standards. An investment committee reviews our investments annually to make sure that they are meeting the needs of our participants according to the criteria set by the Investment Policy Statement.
What will happen to money I have invested in the funds that are being removed?
The funds will need to be moved out of these mutual funds. You may move your balances from these funds and redirect them to any of the other available funds at any time. Balances remaining in these funds after August 6, 3 p.m. (CST), will be moved automatically in the following manner:
How do I make changes?
You may make changes to your allocations (how your contributions are invested), and move balances online by logging into your WEAccess account or by calling a Retirement and Investment Services Specialist at 1-800-279-4030, Extension 8568.