Optional Retirement Program Performance Report
State Retirement and Pension System of Maryland
(As of June 30, 2011)
Investment Options
Money Market
Fidelity Cash Reserves
TIAA-CREF Money Market Account
Citigroup 3-month Treasury Bill Index
Stable Value
TIAA-CREF Traditional Guaranteed Annuity
Citigroup 3-month Treasury Bill Index + 1.25%
Core Fixed Income
Fidelity U.S Bond Index
TIAA-CREF Bond Market Account
BC Aggregate Bond Index
Inflation-Linked Bond
Fidelity BlackRock Inflation Protected Bond Instl.
TIAA-CREF BlackRock Inflation Protected Bond Instl.
Barclay’s US TIPS Index
Balanced
Fidelity Balanced Fund
TIAA-CREF Social Choice Account
60% Russell 1000/40% BC Aggregate Index
Large-Cap Blend Equity (Passive)
Fidelity Spartan 500 Index
S&P 500 Index
TIAA-CREF Equity Index Account
Russell 3000 Index
Expenses
Average Annual Rates of Return
M&E
Ratio
NA
Fund
Expense
0.37%
Total Annual
Expense
0.37%
.005%
0.415%
0.42%
M&E
Expense
NA
Fund
Expense
NA
Total Annual
Expense
NA
M&E
Expense
NA
.005%
Fund
Expense
0.32%
.43%
Total Annual
Expense
0.32%
0.435%
M&E
Expense
NA
NA
Fund
Expense
.40%
.40%
Total Annual
Expense
.40%
.40%
M&E
Expense
NA
Fund
Expense
0.61%
Total Annual
Expense
0.61%
.005%
.425%
0.43%
M&E
Expense
NA
Fund
Expense
0.10%
Total Annual
Expense
0.10%
.005%
0.41%
0.415%
1
1 Year
2 Year
3 Year
4 Year
5 Year
0.04
0.10
0.64
1.51
2.21
0.00
0.14
0.00
0.13
0.40
0.35
1.23
1.08
1.98
1.87
1 Year
2 Year
3 Year
4 Year
5 Year
3.50
1.39
3.71
1.38
5.22
1.60
4.67
2.33
4.88
3.12
1 Year
2 Year
3 Year
4 Year
5 Year
3.59
4.20
3.90
6.41
6.99
6.66
6.09
5.76
6.46
5.88
5.70
6.62
5.91
5.72
6.52
1 Year
2 Year
3 Year
4 Year
5 Year
6.69
6.69
7.48
8.21
8.21
8.00
5.52
5.52
4.59
8.03
8.03
7.14
7.12
7.12
6.55
1 Year
2 Year
3 Year
4 Year
5 Year
20.98
18.38
3.81
1.25
4.29
19.07
20.25
16.56
16.73
5.16
5.35
2.50
2.73
4.54
5.00
1 Year
2 Year
3 Year
4 Year
5 Year
30.59
30.69
22.21
22.29
3.30
3.34
-1.08
-1.05
2.90
2.94
31.79
32.37
23.27
23.76
3.64
4.00
-0.82
-0.45
2.96
3.35
Optional Retirement Program Performance Report
State Retirement and Pension System of Maryland
(As of June 30, 2011)
Investment Options
Large-Cap Blend Equity (Active)
Fidelity Contrafund
S&P 500 Index
TIAA-CREF Stock Account
Russell 3000 Index
Large-Cap Growth Equity
Fidelity Blue Chip Growth Fund
TIAA-CREF Growth Account
Russell 1000 Growth Index
Large-Cap Value Equity
Fidelity Equity Income Fund
TIAA-CREF American Funds Washington Mutual R6
Expenses
Average Annual Rates of Return
M&E
Expense
NA
Fund
Expense
0.91%
Total Annual
Expense
0.91%
.005%
0.465%
0.47%
M&E
Expense
NA
.005%
Fund
Expense
0.93%
0.445%
Total Annual
Expense
0.93%
0.45%
M&E
Expense
NA
0.00%
Fund
Expense
0.68%
0.31%
Total Annual
Expense
0.68%
0.31%
Russell 1000 Value Index
Mid-Cap Equity
TIAA-CREF Mid Cap Value Premier
Russell Mid Cap Value Index
TIAA-CREF Mid Cap Growth Premier
Russell Mid Cap Growth Index
M&E
Expense
0.00%
0.00%
Fund
Expense
0.64%
Total Annual
Expense
0.64%
0.67%
0.67%
2
1 Year
2 Year
3 Year
4 Year
5 Year
28.21
30.69
22.17
22.29
2.57
3.34
2.15
-1.05
4.96
2.94
32.05
32.37
22.73
23.76
2.93
4.00
-0.89
-0.45
3.34
3.35
1 Year
2 Year
3 Year
4 Year
5 Year
37.16
33.34
35.01
28.96
22.65
23.85
7.98
3.63
5.01
4.27
1.95
2.16
6.56
5.03
5.33
1 Year
2 Year
3 Year
4 Year
5 Year
29.57
31.87
28.94
22.29
22.36
22.78
2.16
-3.91
1.07
2.28
-3.45
1.15
1 Year
2 Year
3 Year
4 Year
5 Year
37.48
34.28
31.57
6.35
-0.07
4.01
44.41
43.25
31.82
6.58
3.17
6.28
Optional Retirement Program Performance Report
State Retirement and Pension System of Maryland
(As of June 30, 2011)
Investment Options
Mi Mid-Cap Equity (continued)
Fidelity Mid Cap Stock Fund
Russell Mid Cap Index
S Small –Cap Equity
Fi Fidelity Small Cap Stock Fund
TI TIAA-CREF Small Cap Equity Premier
Russell 2000 Index
In International/Global Equity
F Fidelity Diversified International Fund
TI TIAA-CREF American Funds EuroPacific
F Growth R6
MSCI EAFE Index (Net)
M Mutual Global Discovery Fund
TI TIAA-CREF Global Equities Account
MSCI All-Country World Index Free
S Socially Responsible
Fi Neuberger Berman Socially Responsive Fund
S S&P 500 Index
TI TIAA-CREF Social Choice Account
60% Russell 3000 Index/40% BC Aggregate
Bond Index
Expenses
M&E
Expense
NA
Average Annual Rates of Return
Fund
Expense
0.59%
Total Annual
Expense
0.59%
M&E
Expense
NA
0.00%
Fund
Expense
1.12%
0.73%
Total Annual
Expense
1.12%
0.73%
M&E
Expense
NA
Fund
Expense
0.96%
Total Annual
Expense
0.96%
0.00%
0.50%
0.50%
NA
.005%
1.04%
0.48%
1.04%
0.485%
M&E
Expense
NA
Fund
Expense
1.12%
Total Annual
Expense
1.12%
.005%
.425%
0.43%
3
1 Year
2 Year
3 Year
4 Year
5 Year
37.48
38.47
31.65
31.63
3.40
6.46
0.24
1.74
4.02
5.30
1 Year
2 Year
3 Year
4 Year
5 Year
34.77
40.41
37.41
30.32
10.04
3.32
6.27
29.20
7.77
1.20
4.08
1 Year
2 Year
3 Year
4 Year
5 Year
30.50
17.38
-3.26
-3.87
1.43
29.43
19.24
30.36
17.51
-1.77
-4.06
1.48
21.59
30.81
30.14
14.83
20.65
20.60
5.01
0.45
0.92
0.72
-2.26
-1.73
5.77
2.46
3.15
1 Year
2 Year
3 Year
4 Year
5 Year
30.95
30.69
25.09
22.29
4.54
3.34
0.25
-1.05
4.67
2.94
19.07
16.56
5.16
2.50
4.54
20.50
17.01
5.56
2.83
5.04
Optional Retirement Program Performance Report
State Retirement and Pension System of Maryland
(As of June 30, 2011)
Investment Options
Lifecycle Funds
Fidelity Freedom Income Fund
Fidelity Freedom 2000 Fund
Fidelity Freedom 2005 Fund
Fidelity Freedom 2010 Fund
Fidelity Freedom 2015 Fund
Fidelity Freedom 2020 Fund
Fidelity Freedom 2025 Fund
Fidelity Freedom 2030 Fund
Fidelity Freedom 2035 Fund
Fidelity Freedom 2040 Fund
Fidelity Freedom 2045 Fund
Fidelity Freedom 2050 Fund
Expenses
Average Annual Rates of Return
M&E
Expense
NA
NA
NA
NA
NA
NA
NA
Fund
Expense
0.46%
0.47%
0.58%
0.62%
0.63%
0.69%
0.73%
Total Annual
Expense
0.46%
0.47%
0.58%
0.62%
0.63%
0.69%
0.73%
NA
NA
NA
NA
NA
0.75%
0.77%
0.78%
0.79%
0.80%
0.75%
0.77%
0.78%
0.79%
0.80%
This space intentionally left blank.
4
1 Year
2 Year
3 Year
4 Year
5 Year
9.49
10.07
16.17
18.53
18.93
21.91
24.21
10.17
10.58
14.62
15.90
16.24
18.22
19.22
4.61
4.30
3.87
4.35
4.05
3.43
3.43
3.45
3.02
1.99
2.34
1.87
0.97
0.80
4.47
4.34
4.22
4.58
4.40
4.02
3.97
25.43
27.11
27.62
28.11
29.14
19.95
20.51
20.83
21.09
21.49
2.42
2.36
2.07
2.14
1.65
-0.35
-0.48
-0.82
-0.84
-1.31
3.32
3.22
3.06
3.09
2.75
Optional Retirement Program Performance Report
State Retirement and Pension System of Maryland
(As of June 30, 2011)
Investment Options
Expenses
Average Annual Rates of Return
M&E
Expense
NA
Fund
Expense
0.53%
Total Annual
Expense
0.53%
TIAA-CREF Lifecycle 2010 Premier
TIAA-CREF Lifecycle 2015 Premier
TIAA-CREF Lifecycle 2020 Premier
TIAA-CREF Lifecycle 2025 Premier
TIAA-CREF Lifecycle 2030 Premier
TIAA-CREF Lifecycle 2035 Premier
NA
NA
NA
NA
NA
NA
0.55%
0.56%
0.57%
0.58%
0.59%
0.60%
0.55%
0.56%
0.57%
0.58%
0.59%
0.60%
18.56
20.82
23.29
25.50
27.86
30.36
TIAA-CREF Lifecycle 2040 Premier
TIAA-CREF Lifecycle 2045 Premier
TIAA-CREF Lifecycle 2050 Premier
NA
NA
NA
0.60%
0.60%
0.60%
0.60%
0.60%
0.60%
30.45
30.40
30.46
Lifecycle Funds (Continued)
TIAA-CREF Lifecycle Retirement Income Premier
*
1 Year
2 Year
3 Year
4 Year
5 Year
15.45
Fidelity will charge a quarterly administrative fee of $3 ($12 annually). This amount will be deducted from participant’s accounts and will appear as a deduction
on the quarterly account statements.
Other Notes:




All returns are reported net of all expenses.
Returns greater than one year are annualized.
Indexes are listed in red italics. They are intended to reflect the performance of the overall market in each investment category, and should be
used for comparison purposes only.
The Mortality & Expense is applicable to variable annuities only. It pays for the guaranteed death benefits and annuity payments upon
annuitization of the contract for the life of the annuitant. Please contact a vendor representative for a more complete explanation.
5