Your Union College Retirement Plan
Investment Lineup Changes
Summary of Investment Lineup Changes
What’s Changing?
New Investment Choices:
A new investment fund lineup will be implemented, including the addition of new
investment options.
New BrokerageLink Investment Alternative:
Fidelity BrokerageLink® will be added as an investment alternative.
Closing of Future Contributions for Most Existing Core Investment
Options:
In anticipation of their closing, no new investments (new contributions or
exchanges in) to most of the existing Core Investment Options will be
permitted. Future contributions will be directed to the funds you select or if you
take no action, to the fund shown under the Mapping section of your
personalized statement.
Effective Date
Available March 1, 2013
Available March 1, 2013
Effective March 1, 2013
(as of the close of business,
generally 4 p.m. Eastern
time)
Investment Choices to Help Match Your Investing Style
Choose From:
1) Lifecycle Options: 13 Fidelity Freedom® Index Funds – Class W designed for
investors who are looking for a single-fund approach to investing in their workplace
savings plan.
2) Choose Your Own Investment Options: Hands-on investors can create their own
portfolio by choosing from a menu of 12 core investment options selected by
Union College to help provide a variety of options ranging from conservative to
aggressive.
3) Fidelity BrokerageLink® : Expanded investment choices for more sophisticated
Investors requiring that you manage your retirement contributions more actively.
Or select a combination.
Fidelity Freedom® Index Funds – Class W are designed for investors expecting to retire around the year indicated in each
fund's name. Except for the Freedom Income Index Fund – Class W, the funds' asset allocation strategy becomes
increasingly conservative as it approaches the target date and beyond. Ultimately, they are expected to merge with the
Freedom Income Index Fund – Class W. The investment risks of each Fidelity Freedom® Index Fund – Class W change
over time as the funds’ asset allocations change. The funds 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 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 dates.
Investment Choices to Help Better Match
Your Investing
Style
Hands-off
Hands-on
Choosing your investments:
hands-on or hands-off?
– Do you want to make your own investment decisions?
– Are you comfortable building your own portfolio?
– Do you have the time to actively manage your investments?
Hands-off
Lifecycle funds*
-13
Fidelity Freedom® Index
Funds – Class W
-Provide an automatic
investment mix that becomes
continually more
conservative
as time goes on.
-Just pick the fund with the
year that’s closest to the year
you plan to retire.
Hands-on
Choose Your Own
Investment Options
-Menu of 12 options
-Selected by Union College
to provide hands-on
investors with a variety of
options ranging from
conservative
to aggressive.
Fidelity
BrokerageLink®
-Expanded investment
choices for more
sophisticated
Investors requiring that you
manage your retirement
investments more actively.
Guidance provided by Fidelity is educational in nature, is not individualized, and is not intended to serve as the primary or
sole basis for your investment or tax-planning decisions.
Neither diversification nor asset allocation ensures a profit or guarantees against loss.
Options for Investing as of March 1, 2013:
Fidelity Freedom® Index Funds – Class W
Investment options to the left have potentially
more inflation risk and less investment risk
Fidelity Freedom® Index Income Fund – Class W
Fidelity Freedom® Index 2000 Fund – Class W
Fidelity Freedom® Index 2005 Fund – Class W
Fidelity Freedom® Index 2010 Fund – Class W
Lifecycle Funds
Investment options to the right have potentially
less inflation risk and more investment risk
Fidelity Freedom® Index 2015 Fund – Class W
Fidelity Freedom® Index 2020 Fund – Class W
Fidelity Freedom® Index 2025 Fund – Class W
Fidelity Freedom® Index 2030 Fund – Class W
Fidelity Freedom® Index 2035 Fund–Class W
Fidelity Freedom® Index 2040 Fund–Class W
Fidelity Freedom® Index 2045 Fund–Class W
Fidelity Freedom® Index 2050 Fund–Class W
Fidelity Freedom® Index 2055 Fund–Class W
Fidelity Freedom® Index Funds – Class W
A Family of Funds
Fidelity Freedom® Index
Income Fund – Class W
Fidelity Freedom® Index
2000 Fund – Class W
Fidelity Freedom® Index
2005 Fund – Class W
Fidelity Freedom® Index
2010 Fund – Class W
15%
5%
40%
Fidelity Freedom® Index
2015 Fund – Class W
Fidelity Freedom® Index
2020 Fund – Class W
Fidelity Freedom® Index
2025 Fund – Class W
1%
Fidelity Freedom® Index
2030 Fund – Class W
Fidelity Freedom® Index
2035 Fund – Class W
31%
50%
18%
Fidelity Freedom® Index
2040 Fund – Class W
Domestic Equity Funds
Fidelity Freedom® Index
2045 Fund – Class W
Fidelity Freedom® Index
2050 Fund – Class W
International Equity Funds
Bond Funds
Fidelity Freedom® Index
2055 Fund – Class W
Short-Term Funds
The percentages represent anticipated target asset allocation as of September 30, 2012. Total allocations may sometimes be over or under 100% due to rounding.
Fidelity Freedom Index Funds — Class W are designed for investors expecting to retire around the year indicated in each fund’s name. Except for the Fidelity Freedom
Index Income Fund, the funds’ asset allocation strategy becomes increasingly conservative as it approaches the target date and beyond. Ultimately, they are expected
to merge with the Fidelity Freedom Index Income Fund.
The investment risk of each Fidelity Freedom Index Fund changes 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 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 their target dates.
Strategic Advisers, Inc., a subsidiary of FMR LLC, manages the Fidelity Freedom Index Funds.
531610.9.0
Options for Investing as of March 1, 2013
Categories to right have potentially less
inflation risk and more investment risk
Categories to left have potentially more
inflation risk and less investment risk
Money Market
Fidelity® Money Market
Trust Retirement Money
Market Portfolio
Bond
Balanced
Domestic
Equities
GOVERNMENT
Spartan® Intermediate Treasury
Bond Index Fund –
Fidelity Advantage Class
LARGE BLEND
Spartan® Total Market
Index Fund –
Fidelity Advantage Class
Spartan® Long-Term Treasury
Bond Index Fund –
Fidelity Advantage Class
MID BLEND
Spartan® Extended Market
Index Fund –
Fidelity Advantage Class
Spartan® Short-Term Treasury
Bond Index Fund –
Fidelity Advantage Class
DIVERSIFIED
Spartan® U.S. Bond
Index Fund – Fidelity Advantage Class
International/
Global Equity
DIVERSIFIED
Spartan® International
Index Fund –
Fidelity Advantage Class
Specialty
Spartan® Real Estate
Index Fund –
Fidelity Advantage Class
EMERGING MARKETS
Spartan® Emerging Markets
Index Fund – Fidelity Advantage
Class
SMALL BLEND
Spartan® Small Cap
Index Fund –
Fidelity Advantage Class
INFLATION-PROTECTED
Fidelity ® Inflation-Protected Bond Fund
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.
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 12/31/12. 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 decision. The spectrum does not represent actual or implied performance.
Fidelity BrokerageLink®
A Self-Directed Brokerage Account - Fidelity BrokerageLink® - is available under the Union College
Retirement Plan for those seeking expanded investment choices and who are willing to take on additional
risk and prepared to assume the responsibility of more closely monitoring this portion of their investment
portfolio.
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 variety of mutual funds.
A self-directed brokerage account is not for everyone. If you are an investor who is willing to take on the
potential for more risk and you are prepared to assume the responsibility of more closely monitoring this
portion of your portfolio, it could be appropriate for you. However, if you do not feel comfortable actively
managing a portfolio beyond those offered through your plan’s standard investment options, then a selfdirected brokerage account may not be appropriate for you. Additional fees apply to a brokerage account,
please refer to the fact sheet and commission schedule for a complete listing of brokerage fees.
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.
Commissions and fees are subject to change. A Brokerage account service and maintenance fee may apply. Please refer to the Fact Sheet and the
Brokerage commission and fee schedule for a complete listing of applicable fees. All fees as described in the fund’s prospectus still apply.
BrokerageLink and Fees
How your Fidelity BrokerageLink® Account works
Standard Plan Options
 Fidelity Freedom® Index
Funds – Class W
 Old Core Funds
 New Core Funs
BrokerageLink® Account
Core (Cash) Account
Investments
 Over 5,000
Mutual Funds
Standard Plan Options
 Fidelity Freedom® Index
Funds – Class W
 New Core Funds
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.
Saturdays, Sundays, and stock exchange holidays are not business days and therefore cannot be settlement days. Exchanges are
sometimes open during bank holidays, and settlements are made on those days.
Please call a BrokerageLink representative for more complete information on settlement periods.
Fidelity reserves the right to correct the purchase of an ineligible security at the participant’s expense.
It is your responsibility to manage your BrokerageLink account within the guidelines set forth by Fidelity and your plan.
Types of Fees on Investment Options Available through
BrokerageLink
Fidelity Mutual Funds
•No transaction fee
•Automatic allocation transaction fee from payroll contributions = $0
•No required holding period
Non-Transaction Fee Mutual funds = NTF
•No transaction fee
•Automatic allocation transaction fee from payroll contributions = $0
•Must hold for 60 days or Transaction Fee Mutual Funds
Transaction Fee Mutual Funds = TF
•$75 online transaction fee to purchase
•No required holding period
Mutual Fund Imposed Fees
•Short-term trading fees apply
•Load Funds
•Behave the same way as Transaction Fee Funds. Loads do not apply as part of the inkind transfer, but will if you decide to open a BrokerageLink account at a later date.
•If you want to make an exchange (i.e. $20,000 from another fund) you will pay the
load, and /or if you set up future contributions you pay the load.
How to Set up a BrokerageLink Account
•Contact Fidelity to request a Fidelity BrokerageLink® Participant
Acknowledgement form (application)
•Sign the Fidelity BrokerageLink® Participant Acknowledgement form and
return it to Fidelity
•Contact your Human Resources to request and complete the Union College
Retirement Plan Self Directed Brokerage Link Account Waiver Form. Please
return this form to your Human Resources.
•Once Fidelity receives and processes your paperwork the new
BrokerageLink account will be established (provided approval of paperwork)
•To confirm your new account opening – a welcome letter with
BrokerageLink account number will be sent to you
You may also set up an appointment with a Fidelity Workplace
Planning and Guidance Consultant for assistance with completing
the paperwork.
Funding Your Account
 You may exchange money from
one of your existing plan options
Depending on equity wash restrictions, you are not permitted to make a direct exchange from a competing fund to BrokerageLink. Before
exchanging between these funds, you must first exchange to a different type of investment for a fixed period of time, then you may transfer
those assets to BrokerageLink. See your Summary Plan Description (SPD) for more information. While these requirements may seem
restrictive, issuers, such as insurance companies, banks, or other approved financial institutions,
typically impose them as a condition for issuing investment contracts to retirement plans.
Exchanges into BrokerageLink
For illustrative purposes only.
How To Make Investment Changes
To Make Changes and Update Your
Investment Elections:
Call 1-800-343-0860
Monday through Friday (excluding New York Stock Exchange holidays)
between 8:30 a.m. and Midnight Eastern time to speak with a Representative.
OR
Visit www.fidelity.com/atwork ;
Click on your Plan, then Under the “Act” Section, click on the
Change Investments link.
Important Information
Before investing in any mutual fund, consider the investment objectives, risks,
charges, and expenses. Contact Fidelity for a prospectus or, if available, a
summary prospectus containing this information. Read it carefully.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time and
you may gain or lose money.
The Union College Retirement Plan is intended to be a participant-directed plan as described in Section 404(c) of ERISA, which means that fiduciaries of the 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.
Information contained within this presentation is subject to change pending final regulations.
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.
Investments in smaller companies may involve greater risks than those in larger, more well known companies.
Because of their narrow focus, sector funds tend to be more volatile than funds that diversify across many sectors and companies.
Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate 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 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.
All proprietary marks appearing herein are the property of their respective owners.
© 2013 FMR LLC. All rights reserved.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
640241.1.0