THE SCRIPPS RESEARCH INSTITUTE 72790 INVESTMENT OPTIONS
PERFORMANCE UPDATE
AS OF MARCH 31, 2014
UNDERSTANDING INVESTMENT PERFORMANCE
As you review this update, please remember that the performance data stated represents past performance, which does not
guarantee future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or
loss when you sell your shares. Current performance may be higher or lower than the performance stated. To learn more or to
obtain the most recent month-end performance, call Fidelity at 1-800-343-0860 or visit www.mysavingsatwork.com (log in, choose
plan, select "Investment Choices & Research," and then pick investment option).
Average Annual
Total Returns %
Cumulative
Total Returns %
Fund
ID
Name
3
Month
YTD
1 Year
3 Year
5 Year
10
Year
Life of
Fund
Fund
Inception
Short-Term
Trading
Fee (%/
Days)
Expense
Ratio
LIFECYCLE
JSBYX
JPMorgan SmartRetirement® Blend 2015 Fund
Class R6 6,7
1.54
1.54
7.91
n/a
n/a
n/a
9.50
7/02/12
n/a
2.340
JSYRX
JPMorgan SmartRetirement® Blend 2020 Fund
Class R6 6,7
1.55
1.55
10.13
n/a
n/a
n/a
11.80
7/02/12
n/a
1.990
JBYSX
JPMorgan SmartRetirement® Blend 2025 Fund
Class R6 6,7
1.55
1.55
11.85
n/a
n/a
n/a
13.58
7/02/12
n/a
2.190
JRBYX
JPMorgan SmartRetirement® Blend 2030 Fund
Class R6 6,7
1.49
1.49
13.57
n/a
n/a
n/a
15.15
7/02/12
n/a
3.280
JPYRX
JPMorgan SmartRetirement® Blend 2035 Fund
Class R6 6,7
1.39
1.39
14.72
n/a
n/a
n/a
16.46
7/02/12
n/a
8.100
JOBYX
JPMorgan SmartRetirement® Blend 2040 Fund
Class R6 6,7
1.37
1.37
15.53
n/a
n/a
n/a
17.09
7/02/12
n/a
12.110
JMYAX
JPMorgan SmartRetirement® Blend 2045 Fund
Class R6 6,7
1.38
1.38
15.37
n/a
n/a
n/a
17.05
7/02/12
n/a
14.780
JNYAX
JPMorgan SmartRetirement® Blend 2050 Fund
Class R6 6,7
1.38
1.38
15.50
n/a
n/a
n/a
17.09
7/02/12
n/a
14.920
JTYBX
JPMorgan SmartRetirement® Blend 2055 Fund
Class R6 6,7
1.46
1.46
14.94
n/a
n/a
n/a
16.75
7/02/12
n/a
16.620
JIYBX
JPMorgan SmartRetirement® Blend Income Fund
Class R6 6,7
1.53
1.53
6.26
n/a
n/a
n/a
7.59
7/02/12
n/a
4.810
0.00
0.00
0.01
0.01
0.07
1.72
3.60
12/02/88
n/a
0.420
MONEY MARKET
FRTXX
Fidelity® Money Market Trust Retirement Money
Market Portfolio 8
7-Day Yield % as of 03/31/2014: 0.01
FIXED ANNUITY
29210
Principal Fixed Account 1,9
1.75% Rate Period: 1/01/14 - 12/31/14
BOND - DIVERSIFIED
PTTRX
PIMCO Total Return Fund Institutional Class 10
1.30
1.30
-1.24
4.15
6.87
5.89
7.92
5/11/87
n/a
0.460
FSITX
Spartan® U.S. Bond Index Fund - Fidelity
Advantage Class 2,3,10
1.87
1.87
-0.36
3.66
4.64
4.13
6.53
3/08/90
n/a
0.170
1.89
1.89
-6.93
3.02
4.45
3.84
5.01
6/26/02
n/a
0.450
BOND - INFLATION-PROTECTED
FINPX
Fidelity® Inflation-Protected Bond Fund 10
The current yield reflects the current earnings of the fund, while the total return refers to a specific past holding period.
For important disclosures, please see last page(s) of this report.
1
AS OF MARCH 31, 2014
Cumulative
Total Returns %
Fund
ID
Name
Average Annual
Total Returns %
3
Month
YTD
1 Year
3 Year
5 Year
10
Year
Life of
Fund
Fund
Inception
Short-Term
Trading
Fee (%/
Days)
2.70
2.70
6.95
7.76
15.85
n/a
8.03
2/22/05
n/a
0.850
3.69
3.69
1.86
3.64
10.34
--
6.25
4/30/04
n/a
0.530
0.61
0.61
10.66
5.90
11.75
8.16
10.75
2/03/89
n/a
0.880
2.31
2.31
2.20
5.69
11.83
6.36
8.35
7/31/02
n/a
0.985
1.71
1.71
24.54
15.08
21.16
n/a
8.96
1/31/05
n/a
0.800
3.78
3.78
22.34
13.16
22.96
9.90
11.93
8/01/95
n/a
0.740
1.54
1.54
23.27
12.32
24.02
10.04
12.35
7/31/98
n/a
1.420
Expense
Ratio
BOND - HIGH YIELD
JHYUX
JPMorgan High Yield Fund Class R6 10,11
BOND - INTERNATIONAL/GLOBAL
PFUIX
PIMCO Foreign Bond (Unhedged) Fund
Institutional Class 10
BALANCED/HYBRID - INTERNATIONAL
MALOX BlackRock Global Allocation Fund Institutional
Shares 6
PAAIX
PIMCO All Asset Fund Institutional Class 6
DOMESTIC EQUITIES - LARGE VALUE
DHLRX
Diamond Hill Large Cap Fund Class I 6
DOMESTIC EQUITIES - MID VALUE
GSMCX Goldman Sachs Mid Cap Value Fund Institutional
Class 6,12
DOMESTIC EQUITIES - SMALL VALUE
ASVIX
American Century Investments Small Cap Value
Fund Investor Class 6,13
DOMESTIC EQUITIES - LARGE BLEND
AMEIX
American Century Investments Equity Growth
Fund Institutional Class 6
2.29
2.29
23.33
15.92
21.41
7.77
6.30
1/02/98
n/a
0.480
FSKTX
Spartan® Total Market Index Fund - Institutional
Class 4,6
2.00
2.00
22.50
14.58
21.97
7.98
6.64
11/05/97
0.5/90
0.070
2.04
2.04
24.29
15.31
24.37
10.32
14.72
12/27/89
1.5/90
0.680
DOMESTIC EQUITIES - MID BLEND
FLPKX
Fidelity® Low-Priced Stock Fund - Class K 5,6,12
DOMESTIC EQUITIES - LARGE GROWTH
FCNKX
Fidelity® Contrafund® - Class K 5,6
0.50
0.50
23.59
14.38
20.53
9.94
12.54
5/17/67
n/a
0.560
FGCKX
Fidelity® Growth Company Fund - Class K 5,6
2.62
2.62
30.28
16.02
24.27
10.74
13.33
1/17/83
n/a
0.710
NVLIX
Nuveen Winslow Large-Cap Growth Fund Class I 6
-1.34
-1.34
23.07
12.08
--
n/a
18.69
5/15/09
n/a
0.870
1.16
1.16
19.43
12.70
21.66
11.04
10.70
12/31/96
n/a
0.770
-0.91
-0.91
21.47
13.19
--
n/a
20.42
5/29/09
n/a
1.050
DOMESTIC EQUITIES - MID GROWTH
PEGZX
Prudential Jennison Mid Cap Growth Fund Class Z
6,12
DOMESTIC EQUITIES - SMALL GROWTH
BSFIX
Baron Small Cap Fund Institutional Class 6,13
INTERNATIONAL/GLOBAL - DIVERSIFIED
RERFX
American Funds EuroPacific Growth Fund Class
R-5 6,14
0.69
0.69
17.93
6.69
15.89
8.59
8.86
5/15/02
n/a
0.550
FISMX
Fidelity® International Small Cap Fund 6,14
0.00
0.00
22.75
9.80
22.48
9.89
15.85
9/18/02
2/90
1.330
MSIQX
Morgan Stanley Institutional Fund, Inc.
International Equity Portfolio Class I 6,14
0.24
0.24
14.15
8.87
14.64
6.52
9.35
8/04/89
2/30
0.970
For important disclosures, please see last page(s) of this report.
2
AS OF MARCH 31, 2014
Cumulative
Total Returns %
Fund
ID
Name
Average Annual
Total Returns %
YTD
1 Year
3 Year
5 Year
10
Year
Life of
Fund
Fund
Inception
Short-Term
Trading
Fee (%/
Days)
1.11
1.11
-6.46
1.72
19.47
n/a
7.78
5/11/07
n/a
1.100
3.13
3.13
2.49
7.00
21.81
n/a
3.14
8/30/06
n/a
1.020
3
Month
Expense
Ratio
INTERNATIONAL/GLOBAL - EMERGING MARKETS
ABEMX
Aberdeen Emerging Markets Fund Institutional
Class 6,14
INTERNATIONAL/GLOBAL - SPECIALTY
MRLAX
Morgan Stanley Institutional Fund, Inc. Global
Real Estate Portfolio Class I 6,14,15,16
n/a = Not Applicable/None
- - = Not Available
Cumulative
Total Returns %
Average Annual
Total Returns %
MARKET INDICATORS
Name
3
Month
YTD
1 Year
3 Year
5 Year
10
Year
3.13
4.18
3.94
For comparison purposes only. It is not possible to invest directly in these indicators.
Barclays Int Govt/Cr Bond
1.00
1.00
-0.13
Barclays U.S. Agg Bond
1.84
1.84
-0.10
3.75
4.80
4.46
DJ Industrial Average
-0.15
-0.15
15.66
13.05
19.85
7.47
MSCI EAFE (Net MA)
0.70
0.70
17.71
7.35
16.17
6.69
S&P 500
1.81
1.81
21.86
14.66
21.16
7.42
Russell 2000
1.12
1.12
24.90
13.18
24.31
8.53
n/a = Not Applicable/None
- - = Not Available
Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the
period indicated. Life of fund figures are reported as of the inception date to the period indicated. These figures do not include the effects of sales charges, if any,
as these charges are waived for contributions made through your company’s employee benefit plan. If sales charges were included, returns would have been lower.
EXPENSE RATIO
A mutual fund expense ratio is the total annual fund or class operating expenses (before waivers or reimbursements) paid by the fund and stated as a percent of
the fund’s total net assets. For other types of investments, the figure in the expense ratio field reflects similar information, but may have been calculated differently
than for mutual funds. Mutual fund data comes from the fund’s prospectus. For non-mutual fund investment options, the information has been provided by the
plan sponsor, the investment option’s manager or the trustee. When no ratio is shown for these options it is because none was available. There may be fees and
expenses associated with the investment option. Expense information changes periodically. Please consult NetBenefits for updates.
SPECIFIC FUNDS
Morningstar, Inc., provided data on the non-Fidelity mutual funds. Although the data is gathered from reliable sources, accuracy and completeness cannot be
guaranteed by Morningstar.
1 This investment option is not a mutual fund.
2 On May 10, 2011, an initial offering of the Fidelity Advantage Share Class took place. Returns prior to that date are those of the Investor Class and reflect the
Investors Class' expense ratio. Had the Fidelity Advantage Class' expense ratio been reflected, total returns would have been higher.
3 Fidelity is voluntarily reimbursing a portion of the fund's expenses. If Fidelity had not, the returns would have been lower.
For important disclosures, please see last page(s) of this report.
3
AS OF MARCH 31, 2014
4 On September 8, 2011, an initial offering of the Fidelity Institutional Share Class took place. Returns prior to that date are those of the Fidelity Advantage Class
and reflect the Fidelity Advantage expense ratio. Had the Fidelity Institutional Class expense ratio been reflected, total returns would have been higher.
Fidelity is voluntarily reimbursing a portion of the fund's expenses. If Fidelity had not, the returns would have been lower.
5 On May 9, 2008, an initial offering of the retirement (K) class took place. Returns and expenses prior to that date are those of the non-K, non-advisor class. Had K
class expenses been reflected in the returns shown, total returns would have been higher.
INVESTMENT RISK
6 Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market or
economic developments.
7 Target date investments 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 its asset allocation changes.
They are subject to the volatility of the financial markets, including equity and fixed income investments in the U.S. and abroad and may be subject to risk
associated with investing in high yield, small cap and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates.
8 An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although money market funds seek to
preserve the value of your investment at $1 per share, it is possible to lose money by investing in these funds.
9 A fixed return annuity contract is an annuity contract issued by an insurance company. It is not a mutual fund. The amount invested in the contract is guaranteed
by the issuing insurance company. Guarantees of an insurance company are subject to its long-term financial strength and claims-paying ability and are solely its
responsibility. Information about the fixed return annuity contract was furnished by the issuing insurance company, which is not affiliated with any Fidelity
Investments company.
10 In general the bond market is volatile and bonds entail interest rate risk (as interest rates rise bond prices usually fall and vice versa). This effect is usually
pronounced for longer-term securities. Bonds also entail the risk of issuer default, issuer credit risk and inflation risk.
11 Lower-quality debt securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer.
12 Investments in mid-sized companies may involve greater risk than those of larger, more well known companies, but may be less volatile than investments in
smaller companies.
13 Investments in smaller companies may involve greater risk than those in larger, more well known companies.
14 Foreign investments, especially those in emerging markets, involve greater risk and may offer greater potential returns than U.S. investments. This risk includes
political and economic uncertainties of foreign countries, as well as the risk of currency fluctuation.
15 Because of their narrow focus, sector funds may be more volatile than funds that diversify across many sectors.
16 Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry.
MARKET INDICATORS
Indices are unmanaged and you cannot invest directly in an index
Barclays Int Govt/Cr Bond Barclays U.S. Intermediate Government/Credit Bond Index is a market value-weighted index of investment-grade fixed-rate debt
securities with maturities from one up to (but not including) ten years from the U.S. Treasury, U.S. Government-Related, and U.S. Corporate Indices.
Barclays U.S. Agg Bond The Barclays U.S. Aggregate Bond Index is an unmanaged market value-weighted index for U.S. dollar denominated investment-grade
fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities with maturities of at least one year.
DJ Industrial Average The Dow Jones Industrial Average (DJIA) is an unmanaged price-weighted index and is the most widely used indicator of how the
country's industrial leaders are performing. Also known as "the Dow," this is a formula based on the stock prices of 30 major companies chosen from sectors of the
economy most representative of our country's economic condition.
MSCI EAFE (Net MA) The MSCI Europe, Australasia and Far East Index (net MA tax) is an unmanaged market capitalization-weighted index of equity securities of
companies domiciled in various countries. The index is designed to represent performance of developed stock markets outside the United States and Canada and
excludes certain market segments unavailable to U.S. based investors. The index returns for periods after 1/1/1997 are adjusted for tax withholding rates
applicable to U.S.-based mutual funds organized as Massachusetts business trusts.
S&P 500 S&P 500 Index is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to
represent U.S. equity performance.
Russell 2000 The Russell 2000® Index is an unmanaged market capitalization-weighted index of 2,000 small company stocks of U.S. domiciled companies.
4
AS OF MARCH 31, 2014
Before investing in any investment option, consider the investment objectives, risks, charges, and expenses. Contact
Fidelity for a mutual fund prospectus or, if available, a summary prospectus. For information on fixed annuities, contact
Fidelity to request a fact sheet. Read them carefully.
Fidelity Brokerage Services LLC, Member NYSE, SIPC
900 Salem Street, Smithfield, RI 02917
© 2014 FMR LLC, All rights reserved.
673318.2.0
5