401(k) Investment Options
You can choose your own investments
Investing for retirement with the 401(k) plan allows you to make your own investment choices. To make your investment selection easier, you may want to consider which of the three approaches to investing described below may work best for you. The approaches vary and are targeted to the level of involvement you want in managing your investment mix, that is, choosing your investments and monitoring them over time. Remember, any of the investment options described are available to you at any time. You are not restricted to investing within a certain level. Prior to investing in any fund, please request a prospectus from Fidelity.
Level 1: ready-mix
With this approach, the portfolio manager determines and maintains the mix of stock, bonds, and short-term investments. There are several ready-mix investment choices available to you in the Fidelity Freedom Fund family. You may want to consider a Fidelity Freedom Fund if you understand the importance of asset allocation and diversification, but you feel more comfortable having a professional portfolio manager managing your asset allocation. The available funds under Level 1 are the following Freedom Funds:
- Fidelity Freedom Fund 2040
- Fidelity Freedom Fund 2035
- Fidelity Freedom Fund 2030
- Fidelity Freedom Fund 2025
- Fidelity Freedom Fund 2020
- Fidelity Freedom Fund 2015
- Fidelity Freedom Fund 2010
- Fidelity Freedom Fund 2005
- Fidelity Freedom Fund 2000
- Fidelity Freedom Income Fund
The Fidelity Freedom Funds invest in other Fidelity mutual funds to provide moderate asset allocation. The allocation strategy among the underlying stock, bond, and money market funds that compose each Freedom Fund with a target retirement date is based on the numbers of years until that date and will become more conservative as that date nears.
Level 2: core investment options
With this approach, you determine and maintain the mix of investments. An outside investment consultant and Banner's Retirement Plans Investment Committee monitor the core investment funds. These options represent the three major asset classes (stocks, bonds, and short-term investments) and can be sufficient for creating a diversified portfolio. You may wish to consider these options if you are comfortable managing your own asset allocation. The core investment options are:
- Fidelity Managed Income Portfolio II (Stable Value Fund)
- PIMCO Total Return Fund (Income Bond Fund)
- Fidelity Balanced Fund (Growth & Income Fund)
- Fidelity Equity-Income Fund (Large Cap Value Stock Fund)
- Fidelity's Spartan U.S. Equity Index Advantage Fund (Growth & Income Stock Fund)
- Marsico Focus Fund (Large Cap Stock Fund)
- FMI Common Stock Fund (Mid Cap Blend Stock Fund)
- American Funds: EuroPacific Growth Fund (International Stock Fund
- UM Behavioral Growth Fund (Small-Mid Cap Growth Stock Fund)
Information about these options is available on the Fidelity website
Level 3: expanded investment options
With this approach, you determine and maintain the mix of investments but you are choosing from a substantially larger selection of investment options representing a variety of investment styles available through Fidelity Investments and more than 25 other investment companies. You may want to consider this approach if you are very comfortable managing your own mix of investment options and understand how to research, evaluate, and then monitor a wide variety of investments with different risk and return characteristics.
Fidelity Funds and Fundsnet Funds
Short-Term
Money market mutual funds strive to preserve investment principal by investing in short-term securities but are not insured or guaranteed by the FDIC or any other government agency. Because the price of each share tends to stay at $1.00, investors often use money market funds to temporarily hold money to be invested later. Yield will vary.
Code Fund Name
00055 Fidelity Cash Reserves
00631 Fidelity Retirement Government Money Market Portfolio
00630 Fidelity Retirement Money Market Portfolio
00050 Fidelity U.S. Government Reserves
00454 Fidelity's Spartan® Money Market Fund
00458 Fidelity's Spartan® U.S. Govt. Money Market Fund
00415 Fidelity's Spartan® U.S.Treasury Money Market Fund
Income
Income funds strive to achieve a high level of income and safety by investing in a combination of corporate and government bonds. The longer the term of the bonds in the fund and the lower the credit quality of the bonds, the riskier they tend to be, so they offer a potentially higher yield to try to offset the risk. In contrast, short-term bond funds offer potentially less risk but may not offer the same rate of return. Share price will fluctuate less than a stock fund. Share price, yield, and return will vary, and you may have a gain or loss when you sell your shares.
Code Fund Name
93886 Ariel Premier Bond Fund (Investor Class)
00038 Fidelity Capital & Income Fund_
00015 Fidelity Ginnie Mae Fund
00054 Fidelity Government Income Fund
00455 Fidelity High Income Fund_
00032 Fidelity Intermediate Bond Fund
00452 Fidelity Intermediate Govt. Income Fund
00026 Fidelity Investment Grade Bond Fund
00040 Fidelity Mortgage Securities Fund [CONFIRM AVAILABILITY IN PLAN.]
00450 Fidelity Short-Term Bond Fund
00368 Fidelity Strategic Income Fund^
00383 Fidelity Target Timeline®: 2003_
00651 Fidelity U.S. Bond Index Fund
00453 Fidelity's Spartan® Government Income Fund
00448 Fidelity's Spartan® Investment Grade Bond Fund
99890 INVESCO High Yield Fund (Investor Class)
99892 INVESCO Select Income Fund (Investor Class)
91221 Janus Adviser Flexible Income Fund
20269 Managers Bond Fund
99938 Morgan Stanley Institutional Fund Trust Core
Plus Fixed Income Portfolio (Adviser Class)
99940 Morgan Stanley Institutional Fund Trust High Yield Portfolio (Adviser Class)
99862 PIMCO High Yield Fund (Administrative Class)
93896 PIMCO Long-Term U.S. Govt. Fund (Administrative Class)
99833 PIMCO Low Duration Fund (Administrative Class)
99474 PIMCO Total Return Fund (Administrative Class)
99868 Strong Government Securities Fund (Investor Class)
99872 Strong Short-Term Bond Fund (Investor Class)
99864 Strong Ultra Short-Term Income Fund (Investor Class)
Balanced
Balanced funds strive to provide income and capital growth consistent with reasonable risk by investing in a broadly diversified portfolio of high-yielding securities such as common stocks, preferred stocks, and bonds to balance the risk of investing exclusively in either stocks or bonds. The goal of balanced funds is to blend long-term growth from stocks with income from dividends. Because a balanced fund must have at least one-fourth of its money invested in bonds and other debt obligations, its price usually will not vary as much as that of a growth fund. Share price and return will vary, and you may have a gain or loss when you sell your shares.
Code Fund Name
20302 AIM Balanced Fund (A Class)
93068 Calvert Social Investment Fund Balanced Portfolio (A Class)
99789 Dreyfus Founders Balanced Fund (F Class)
00304 Fidelity Balanced Fund
00004 Fidelity Puritan® Fund
99661 INVESCO Total Return Fund (Investor Class)
91219 Janus Adviser Balanced Fund
99936 Morgan Stanley Institutional Fund Trust
Balanced Portfolio (Adviser Class)
22433 Oakmark Equity and Income Fund
_These funds carry a short-term trading fee, which is charged to discourage short-term buying and selling of fund shares. Refer to the fund's prospectus for more information.
^Foreign investments, especially those in emerging markets, involve greater risks and may offer greater potential returns than U.S. investments. These risks include political
and economic uncertainties of foreign countries, and currency fluctuations.
Growth & Income
Growth and income funds strive to pursue long-term growth and regular dividend income. Some growth and income funds are weighted more heavily towards growth, others towards income. These funds typically invest a portion of their assets in dividend-paying stocks or bonds in an attempt to generate income to moderate the effects of price fluctuations.
While this type of fund is primarily dependent on the performance of the stock markets, these funds generally offer lower risk than growth funds. Share price and return will vary, and you may have a gain or loss when you sell your shares.
Code Fund Name
93967 Domini Social Equity Fund®
99790 Dreyfus Founders Growth and Income Fund (F Class)
00308 Fidelity Convertible Securities Fund
00023 Fidelity Equity-Income Fund
00319 Fidelity Equity-Income II Fund
00355 Fidelity Four-In-One Index Fund_
Strategic Advisers, Inc., a subsidiary of FMR Corp.,
manages Fidelity Four-In-One Index
00003 Fidelity Fund
00027 Fidelity Growth & Income Portfolio
00361 Fidelity Growth & Income II Fund
00303 Fidelity Real Estate Investment Portfolio_#
00311 Fidelity Utilities Fund#
00650 Fidelity's Spartan® U.S. Equity Index Fund
99765 INVESCO Core Equity Fund (Investor Class)
99894 INVESCO Value Equity Fund (Investor Class)
20275 Managers Value Fund
20279 Morgan Stanley Institutional Fund, Inc.—
Value Equity Portfolio (B Class)
99943 Morgan Stanley Institutional Fund Trust
Value Portfolio (Adviser Class)
93202 Mutual Shares Fund (A Class)
99662 Neuberger Berman Guardian Fund (Trust Class)
99536 Scudder Growth & Income Fund (S Class)
Growth
Growth funds strive to pursue capital appreciation over the long term. Some growth funds are broad-based, meaning that they have a wide range of stocks and industries in which they can invest. Others have a narrower focus, for example, they may invest in a particular type of stock such as small-cap or cyclical stocks, or use a specialized approach to stock selection such as investing only in stocks that are currently
underpriced. These funds try to make money from increases in the prices of stocks that they hold rather than from dividends. Growth funds are more volatile than income (bond) or money market funds and generally reflect changes in market conditions and other company, political, and economic news. Share price and return will vary, and you may have a gain or loss when you sell your shares.
Code Fund Name
91281 AIM Blue Chip Fund (A Class)
93022 AIM Constellation Fund (A Class)
99386 AIM Value Fund (A Class)
93985 AIM Weingarten Fund (A Class)
93890 Alger Capital Appreciation Institutional Portfolio
(Institutional Class)
93891 Alger MidCap Growth Institutional Portfolio
(Institutional Class)
93892 Alger Small Cap Institutional Portfolio (Institutional Class)
93884 Ariel Fund
93885 Ariel Appreciation Fund
93682 Baron Asset Fund
93894 Baron Growth Fund
93072 Calvert Capital Accumulation Fund (A Class)
93065 Calvert New Vision Small Cap Fund (A Class)
99287 Credit Suisse Capital Appreciation Fund (Common Shares)
99275 Credit Suisse Emerging Growth Fund (Common Shares)
22318 Credit Suisse Small Cap Value Fund (Common Shares)
99277 Credit Suisse Strategic Value Fund (Common Shares)
94383 Dreyfus Founders Discovery Fund (F Class)[CONFIRM AVAILABILITY IN PLAN.]
99792 Dreyfus Founders Growth Fund (F Class)
99793 Dreyfus Founders Mid-Cap Growth Fund (F Class)
00324 Fidelity Aggressive Growth Fund_
00312 Fidelity Blue Chip Growth Fund
00307 Fidelity Capital Appreciation Fund
00022 Fidelity Contrafund® Fund
00339 Fidelity Contrafund® II Fund
00315 Fidelity Disciplined Equity Fund
00330 Fidelity Dividend Growth Fund
00332 Fidelity Export and Multinational Fund_
00500 Fidelity Fifty ® _
00333 Fidelity Focused Stock Fund_
00025 Fidelity Growth Company Fund
00073 Fidelity Independence Fund
00338 Fidelity Large Cap Stock Fund
00122 Fidelity Leveraged Company Stock Fund_
00316 Fidelity Low-Priced Stock Fund_
00021 Fidelity Magellan® Fund [CONFIRM AVAILABILITY IN PLAN.]
00337 Fidelity Mid-Cap Stock Fund_
00300 Fidelity New Millennium Fund® [CONFIRM AVAILABILITY IN PLAN.]
00093 Fidelity OTC Portfolio
00336 Fidelity Small Cap Independence Fund_
00384 Fidelity Small Cap Retirement Fund_
00340 Fidelity Small Cap Stock Fund_
00320 Fidelity Stock Selector
00763 Fidelity Structured Large Cap Growth Fund
00708 Fidelity Structured Large Cap Value Fund
00793 Fidelity Structured Mid Cap Growth Fund
00762 Fidelity Structured Mid Cap Value Fund
00005 Fidelity Trend Fund
00039 Fidelity Value Fund
00398 Fidelity's Spartan® Extended Market Index Fund_
00317 Fidelity's Spartan® 500 Index Fund_
00397 Fidelity's Spartan® Total Market Index Fund_
93392 Franklin Small-Mid Cap Growth Fund (A Class)
21445 Gartmore Millennium Growth Fund (A Class)
21446 Gartmore Value Opportunities Fund (A Class)
99888 INVESCO Growth Fund (Investor Class)
99886 INVESCO Dynamics Fund (Investor Class)
99841 INVESCO Small Company Growth Fund (Investor Class)
91215 Janus Adviser Aggressive Growth Fund
91217 Janus Adviser Capital Appreciation Fund
91214 Janus Adviser Growth Fund
22077 Legg Mason Value Trust (F1 Class)
20272 Managers Capital Appreciation Fund
99754 Managers Special Equity Fund
93899 Morgan Stanley Institutional Fund, Inc.—
Equity Growth Portfolio (B Class)
93098 Morgan Stanley Institutional Fund, Inc.—
Small Company Growth Portfolio (B Class)
99942 Morgan Stanley Institutional Fund Trust
Mid Cap Growth Portfolio (Adviser Class)
99839 Neuberger Berman Focus Fund (Trust Class)
99906 Neuberger Berman Genesis Fund (Trust Class)[CONFIRM AVAILABILITY IN PLAN.]
99908 Neuberger Berman Manhattan Fund (Trust Class)
99910 Neuberger Berman Partners Fund (Trust Class)
93895 Neuberger Berman Socially Responsive Fund (Trust Class)
92778 Oakmark Select Fund
99923 PBHG Emerging Growth Fund
99706 PBHG Growth Fund
22760 PBHG Large Cap Value Fund
22764 PBHG Mid-Cap Value Fund
22769 PBHG Strategic Small Company Fund
99843 PIMCO Capital Appreciation Fund (Administrative Class)
99837 PIMCO Mid Cap Fund (Administrative Class)
92850 RS Emerging Growth Fund
20264 RS Smaller Company Growth Fund
96619 Scudder 21st Century Growth Fund (S Class)
93426 Strong Advisor Common Stock Fund (Z Class)
22796 Strong Advisor Small Cap Value Fund (Z Class)
99870 Strong Growth Fund (Investor Class)
99274 Strong Large Cap Growth Fund (Investor Class)
93423 Strong Multi Cap Value Fund (Investor Class)
99835 Strong Opportunity Fund (Investor Class)
94831 TCW Galileo Aggressive Growth Equities Fund (N Class)
20291 TCW Galileo Select Equities Fund (N Class)
94792 TCW Galileo Small Cap Growth Fund (N Class)
93880 UAM:FMA Small Company Portfolio (Institutional Class)
International
International funds invest in securities issued by businesses and governments of countries outside the U.S. Foreign investments, particularly those in emerging markets, involve greater risks than those of U.S. investments including political and economic uncertainties and currency fluctuations. There are additional risks associated with those funds that concentrate their investments in one geographic location. Share price, yield and return will vary, and you may have a gain or loss when you sell your shares.
International Equity
Code Fund Name
20306 AIM Global Aggressive Growth Fund (A Class)
93161 American AAdvantage International Equity Fund
(Plan Ahead Class)
93073 Calvert World Values Fund, Inc.—International Equity Fund (A Class)
44819 Credit Suisse International Focus Fund—Common Class
93898 Dreyfus Founders Passport Fund (F Class) [CONFIRM AVAILABILITY IN PLAN.]
99794 Dreyfus Founders Worldwide Growth Fund (F Class)
00335 Fidelity Aggressive International Fund_
00309 Fidelity Canada Fund_
00352 Fidelity China Region Fund_
00325 Fidelity Diversified International Fund_
00322 Fidelity Emerging Markets Fund_
00341 Fidelity Europe Capital Appreciation Fund_
00301 Fidelity Europe Fund_
00334 Fidelity Global Balanced Fund_
00305 Fidelity International Growth & Income Fund_
00350 Fidelity Japan Fund_
00360 Fidelity Japan Smaller Companies Fund_
00349 Fidelity Latin America Fund_
_These funds carry a short-term trading fee, which is charged to discourage short-term buying and selling of fund shares. Refer to the fund's prospectus for more information.
00342 Fidelity Nordic Fund_
00094 Fidelity Overseas Fund_
00302 Fidelity Pacific Basin Fund_
00351 Fidelity Southeast Asia Fund_
00318 Fidelity Worldwide Fund_
00399 Fidelity's Spartan® International Index Fund_
91218 Janus Adviser International Fund
92456 Janus Adviser Worldwide Growth Fund
93099 Morgan Stanley Institutional Fund, Inc.—
Active International Allocation Portfolio (B Class)
93100 Morgan Stanley Institutional Fund, Inc.—
Emerging Markets Portfolio (B Class)
93020 Morgan Stanley Institutional Fund, Inc.—
Global Value Equity Portfolio (B Class)
99976 Morgan Stanley Institutional Fund, Inc.—
International Magnum Portfolio (B Class)
91888 Morgan Stanley Institutional Fund, Inc.—
International Equity Portfolio (B Class)
93876 Mutual Discovery Fund (A Class)
99534 Scudder Global Discovery Fund (S Class)
99531 Scudder International Fund (S Class)
99854 Templeton Developing Markets Trust (A Class)
99500 Templeton Foreign Fund (A Class)
93875 Templeton Foreign Smaller Companies Fund (A Class)
99829 Templeton Growth Fund, Inc. (A Class)
99858 Templeton World Fund (A Class)
International Income
Code Fund Name
99884 Credit Suisse Global Fixed Income Fund (Common Class)
00331 Fidelity New Markets Income Fund_
99860 PIMCO Global Bond Fund (Administrative Class)
99856 Templeton Global Bond Fund (A Class)
Sector
Sector funds are non-diversified funds that normally invest at least 80% of their assets in equity securities of companies from or related to the specific industry or sector named by each portfolio. Each of the sector funds typically invests in securities of companies within any of the industries covered by that sector, while each of the industry funds focuses primarily on equity securities of companies in, or related to, the named industry. For example, the sector fund Select Health Care Portfolio may invest in securities of companies in or related to the biotechnology, medical delivery, health care, and medical equipment and systems sectors, while the industry fund, Select Biotechnology Portfolio, will invest primarily in securities related to the biotechnology sector. Focused investments in a Select Equity Portfolio can complement the growth investments of an already well-diversified retirement plan portfolio. However, these funds typically exhibit higher share price fluctuation than broadly diversified mutual funds and the stock market as a whole. Investors in these funds should have a high tolerance for risk and be prepared to accept large swings in fund performance. Investors also need to understand and be prepared to continuously monitor the targeted sector or industry. The fund may invest in securities of domestic and foreign issuers. Select Equity Portfolios carry a short-term trading fee, which is charged to discourage short-term buying and selling of fund shares. If you sell your shares after holding them for less than 30 days, the fund will deduct a shortterm trading fee from your account equal to 0.75% of the value of the shares you sold. You may pay a $7.50 fee for each exchange out of a Select Equity Portfolio unless you use one of Fidelity's automated exchange services. Share price and return will vary, and you may have a gain or loss when you sell your shares.
Fidelity Select Portfolios®
Select Equity Portfolios carry a short-term trading fee, which is charged to discourage short term buying and selling of fund shares. If you sell your shares after holding them for less than 30 days, the fund will deduct a short-term trading fee from your account equal to 0.75% of the shares you sold. You may pay a $7.50 fee for each exchange out of a Select equity portfolio unless you use one of Fidelity's automated exchange services such as Fidelity's NetBenefits or voice response system.
Fidelity Select Portfolios
Code Fund Name
00034 Select Air Transportation Portfolio
00502 Select Automotive Portfolio
00507 Select Banking Portfolio
00042 Select Biotechnology Portfolio
00068 Select Brokerage & Investment Management Portfolio
00353 Select Business Services & Outsourcing Portfolio
00069 Select Chemicals Portfolio
00007 Select Computers Portfolio
_These funds carry a short-term trading fee, which is charged to discourage short-term buying and selling of fund shares. Refer to the fund's prospectus for more information.
00511 Select Construction & Housing Portfolio
00517 Select Consumer Industries Portfolio
00515 Select Cyclical Industries Portfolio
00067 Select Defense & Aerospace Portfolio
00518 Select Developing Communications Portfolio
00008 Select Electronics Portfolio
00060 Select Energy Portfolio
00043 Select Energy Service Portfolio
00516 Select Environmental Portfolio
00066 Select Financial Services Portfolio
00009 Select Food & Agriculture Portfolio
00041 Select Gold Portfolio
00063 Select Health Care Portfolio
00098 Select Home Finance Portfolio
00510 Select Industrial Equipment Portfolio
00509 Select Industrial Materials Portfolio
00045 Select Insurance Portfolio
00062 Select Leisure Portfolio
00505 Select Medical Delivery Portfolio
00354 Select Medical Equipment & Systems Portfolio
00085 Select Money Market Portfolio
00503 Select Multimedia Portfolio
00513 Select Natural Gas Portfolio
00514 Select Natural Resources Portfolio
00912 Select Networking & Infrastructure Portfolio
00506 Select Paper & Forest Products Portfolio
00580 Select Pharmaceuticals Portfolio
00046 Select Retailing Portfolio
00028 Select Software & Computer Services Portfolio
00064 Select Technology Portfolio
00096 Select Telecommunications Portfolio
00512 Select Transportation Portfolio
00065 Select Utilities Growth Portfolio
00963 Select Wireless Portfolio
Asset Allocation Funds
Asset allocation funds seek high total returns over the long term by allocating assets among stocks, bonds, and short-term investments. Asset allocation funds generally seek long-term performance through investments in one or more asset classes; stocks, bonds, and short-term investments. Although these funds often maintain a neutral mix of assets, the portfolio manager of each fund has the flexibility to periodically shift investments among a fund's asset classes depending on the current outlook for various markets. Share price, yield, and return will vary, and you may have a gain or loss when you sell your shares.
Code Fund Name
00314 Fidelity Asset ManagerSM
00347 Fidelity Asset Manager: Aggressive®
00321 Fidelity Asset Manager: Growth®
00328 Fidelity Asset Manager: Income®
Life-Cycle (Fidelity Freedom Funds)
The Fidelity Freedom Funds offer a blend of stocks, bonds and shortterm investments within a single fund. They are designed for investors who don't want to go through the exercise of picking several funds from the three asset classes, but who still want to diversify among stocks, bonds, and short-term investments. The Freedom Funds strive for high total return (except Freedom Income which strives for high current income and, as a secondary objective, capital appreciation) by investing in a combination of Fidelity equity, fixed-income, and money market mutual funds (underlying Fidelity funds) and allocates its assets among these funds according to an asset allocation strategy. Performance of each Freedom Fund depends on the performance of the underlying Fidelity funds in which it invests. Performance of the underlying Fidelity funds in turn depends on performance of equity, fixed-income, and money markets in the U.S. and abroad. Share price, yield and return will vary and you may have a gain or loss when you sell your shares.
Code Fund Name
00369 Fidelity Freedom Income Fund®
00370 Fidelity Freedom 2000 Fund®
01312 Fidelity Freedom 2005 Fund®
00371 Fidelity Freedom 2010 Fund®
01313 Fidelity Freedom 2015 Fund®
00372 Fidelity Freedom 2020 Fund®
01314 Fidelity Freedom 2025 Fund®
00373 Fidelity Freedom 2030 Fund®
01315 Fidelity Freedom 2035 Fund®
00718 Fidelity Freedom 2040 FundSM
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