The University Record, September 18, 2000

Investment Funds Update

Editor’s Note: To help faculty and staff make choices among the many retirement investment options, the Record publishes this table several times a year. Faculty and staff should contact the companies directly for fund information and prospectuses: TIAA-CREF, (800) 842-2776; Fidelity, (800) 343-0860. Information on fund transfers is available from the Benefits Office, (734) 763-1214 (Central Campus) or (734) 764-6584 (Medical Campus), as well as TIAA-CREF and Fidelity.

University of Michigan Investment Funds Update

Average Annual Total Returns as of June 30, 2000

AverageAnnualized Compound Return
Equity Funds 1 Year3 Years5 Years10 Years
Standard & Poor’s 500 Stock Index 7.2% 19.7% 23.8%17.8%
Fidelity Low-Priced Stock 3.17.914.6 17.1
Fidelity OTC Portfolio 55.338.631.1 23.3
Lipper Multi-Cap Core Funds Average 13.517.820.716.2
C.R.E.F. Equity Index Account 9.419.022.5 N.A
C.R.E.F. Growth Account 26.7 27.0 27.9N.A
C.R.E.F. Stock Account 10.117.520.615.6
Fidelity Blue Chip Growth 18.7 23.622.721.2
Fidelity Capital Appreciation 19.921.420.815.7
Fidelity Contrafund 10.521.522.421.2
Fidelity Disciplined Equity 15.921.3 21.518.0
Fidelity Dividend Growth 4.8 21.024.1N.A
Fidelity 10.521.623.9 17.7
Fidelity Growth Company 63.938.131.223.3
Fidelity Growth & Income 4.2 16.321.118.2
Fidelity Magellan 9.822.2 20.818.5
Fidelity Retirement Growth 48.033.9 26.819.9
Fidelity Spartan U.S. Equity Index 7.119.423.617.5
Fidelity Trend 20.313.615.513.5
Lipper Multi-Cap Growth Funds Ave. 37.529.026.119.5
Fidelity Convertible Securities 42.626.221.818.6
Fidelity Equity-Income -7.79.216.114.7
Fidelity Equity-Income II -7.7 10.315.5N.A
Fidelity Value -16.32.410.813.0
Lipper Equity Income Funds Average -6.68.014.012.8
C.R.E.F. Global Equities 21.8 17.118.8N.A
Fidelity Canada 51.612.213.39.7
Fidelity Emerging Markets 12.2-11.5 -5.8N.A
Fidelity Europe 23.216.119.112.1
Fidelity International Growth & Income 35.316.216.110.8
Fidelity Japan 57.623.216.1N.A
Fidelity Overseas 26.013.615.29.6
Fidelity Pacific Basin 42.616.111.67.4
Fidelity World-Wide 22.211.713.810.9
MSCI EAFE (International) Index 17.210.211.37.9
MSCI Emerging Markets Free Index 9.5-5.01.08.9

Average AnnualizedCompound Return
Bond Funds 1 Year3 Years5 Years10 Years
Lehman Bros. Government/
Corporate Bond Index
4.3%6.0%6.1%7.8%
C.R.E.F. Bond Market 4.75.86.07.6
Fidelity Capital & Income -0.28.69.712.8
Fidelity Ginnie Mae 5.55.56.17.2
Fidelity Intermediate Bond 4.35.45.57.0
Fidelity Investment Grade Bond 4.35.55.77.8
Fidelity Mortgage Securities 5.15.66.47.7
Fidelity Short-Term Bond 4.85.35.4 6.1
Fidelity U.S. Bond Index 4.47.47.08.3
TIAA Premium Growth Rate 7.37.27.17.7

Money Market Funds 1 Year3 Years5 Years10 Years
91-Day Treasury Bills 5.75.35.45.1
C.R.E.F. Money Market 5.75.45.45.1
Fidelity Cash Reserves 5.65.35.35.0
Fidelity Retirement
Government Money Market 5.5 5.35.35.0
Fidelity Retirement Money Market 5.65.45.45.1
Fidelity U.S. Government Reserves 5.45.95.65.3

Balanced Funds 1 Year3 Years5 Years10 Years
C.R.E.F. Social Choice Account 6.613.9 16.514.0
Fidelity Asset Manager 11.614.615.5 13.9
Fidelity Asset Manager: Growth 7.714.6 17.3 N.A
Fidelity Asset Manager: Income 5.68.29.2N.A
Fidelity Balanced -0.113.213.712.2
Fidelity Puritan -1.39.013.313.2

AverageAnnualizedCompoundReturn
Specialty Funds 1 Year3 Years5 Years10 Years
Fidelity Real Estate Investment Portfolio 7.9%2.1%11.1%11.9%
Fidelity Value Strategies I1 3.911.213.013.2
Fidelity Select Funds:
Air Transportation 14.523.918.2 15.1
Automotive -22.8-3.94.49.7
Banking -20.23.616.720.6
Biotechnology 115.251.537.0 25.0
Brokerage & Invest Mngmt 20.226.529.923.7
Chemicals -3.9-0.97.4 11.2
Computers 72.758.642.033.8
Construction and Housing -19.01.79.211.1
Consumer Industries -6.015.018.7 16.0
Defense & Aerospace 0.510.616.6 15.7
Developing Communications 85.363.538.232.2
Electronics 112.361.348.737.5
Energy 20.613.717.410.7
Energy Service 59.7 15.827.013.1
Environmental Services -28.7-11.0-1.3-0.4
Financial Services -9.011.4 20.620.8
Food & Agriculture -7.13.6 11.112.5
Gold2,3 -3.0-14.5-8.9-1.2
Health Care 22.822.226.122.8
Home Finance -17.9-5.511.420.0
Industrial Equipment 1.110.7 16.1 14.8
Industrial Materials -19.3-5.60.17.1
Insurance -5.111.820.0 16.8
Leisure -2.826.123.219.1
Medical Delivery -4.5-7.64.110.4
Money Market 5.55.25.24.7
Multimedia 11.529.022.020.8
Paper & Forest Products -10.2-0.53.210.5
Retailing -10.119.821.117.6
Software & Computer Svcs 62.444.834.629.1
Technology 92.863.444.834.5
Telecommunications 26.835.427.8 21.9
Transportation -9.39.613.514.8
Utilities Growth 11.429.426.618.2

1 Formerly Fidelity Strategic Opportunities Fund

2 Formerly Fidelity Select American Gold

3 Precious Metals & Minerals merged with Gold in February, 2000