The University Record, April 3, 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 form the Benefits Office, (734) 763-1214 (Central Campus), (734) 764-6584 (Medical Campus), as well as TIAA-CREF and Fidelity.


University of Michigan Investment Funds Update Average Annual Total Returns as of Dec. 31, 1999

Average Annualized Compound Return

Equity Funds1 Yr3 Yrs5 Yrs10 Yrs
Standard & Poor’s 500 Stock Index 21.0%27.6%28.6%18.2%
Fidelity Low-Priced Stock 5.110.216.2 17.6
Fidelity OTC Portfolio 72.538.635.4 22.9
Lipper Multi-Cap Core Funds Average 22.521.823.115.5
C.R.E.F. Equity Index Account 20.825.326.6N.A
C.R.E.F. Growth Account 32.531.330.9N.A
C.R.E.F. Stock Account 21.523.624.215.9
Fidelity Blue Chip Growth 24.328.625.822.0
Fidelity Capital Appreciation 45.829.224.215.9
Fidelity Contrafund 25.026.527.422.4
Fidelity Disciplined Equity 22.425.724.218.1
Fidelity Dividend Growth 8.823.727.6N.A
Fidelity 24.229.027.918.2
Fidelity Growth Company 79.539.534.723.6
Fidelity Growth & Income 10.422.624.518.4
Fidelity Magellan 24.028.026.218.9
Fidelity Retirement Growth 47.033.326.118.9
Fidelity Spartan U.S. Equity Index 20.727.328.317.9
Fidelity Trend 40.716.217.513.2
Lipper Multi-Cap Growth Funds Average 52.331.628.619.2
Fidelity Convertible Securities 44.124.221.417.5
Fidelity Equity-Income 7.216.220.114.5
Fidelity Equity Income II 4.417.719.6N.A
Fidelity Value 8.69.614.413.2
Lipper Equity Income Funds Average 3.313.1 17.312.3
C.R.E.F. Global Equities 36.024.122.0N.A
Fidelity Canada 40.68.311.97.7
Fidelity Emerging Markets 70.5-9.5-4.6N.A
Fidelity Europe 18.720.821.313.2
Fidelity Intl Growth & Income 53.721.918.011.7
Fidelity Japan 146.135.416.6N.A
Fidelity Overseas 42.921.417.110.9
Fidelity Pacific Basin 119.626.413.08.3
Fidelity World-Wide 30.816.314.9N.A
MSCI EAFE (International) Index 26.95.7 12.87.0
MSCI Emerging Markets Free Index 66.43.2 2.011.0

Average Annualized Compound Return

Bond Funds 1 Yr3 Yrs5 Yrs10 Yrs

Lehman Bros. Govt/Corp Bond Index -2.2%5.5% 7.6%7.7%
C.R.E.F. Bond Market -1.15.67.4N.A
Fidelity Capital & Income 13.310.82.112.9
Fidelity Ginnie Mae 1.25.47.47.1
Fidelity Intermediate Bond 1.05.26.46.9
Fidelity Investment Grade Bond -1.05.26.77.6
Fidelity Mortgage Securities 1.95.67.77.6
Fidelity Short-Term Bond 3.35.26.06.1
Fidelity U.S. Bond Index -1.07.18.4N.A
TIAA Premium Growth Rate 6.57.27.47.8

.

Money Market Funds 1 .Yr3 .Yrs5 .Yrs10 .Yrs
91-Day Treasury Bills 5.1%5.2%5.4%5.2%
C.R.E.F. Money Market 5.05.35.45.2
Fidelity Cash Reserves 5.05.25.35.1
Fidelity Retirement Govt Money Mkt 4.95.25.35.1
Fidelity Retirement Money Market 5.05.35.45.2
Fidelity U.S. Government Reserves 4.95.85.65.4

Balanced Funds

1 Yr3 Yrs5 Yrs10 Yrs
C.R.E.F. Social Choice Account 10.8%17.9%19.6%N.A
Fidelity Asset Manager 13.617.316.513.8
Fidelity Asset Manager: Growth 14.019.419.1N.A
Fidelity Asset Manager: Income 5.79.410.5N.A
Fidelity Balanced 8.917.315.212.1
Fidelity Puritan 2.913.615.513.1

Average Annualized Compound Return

Specialty Funds 1 Yr3 Yrs5 .Yrs 10 Yrs
Fidelity Real Estate Invest. Portfolio -1.0%-0.7%8.1%9.9%
Fidelity Value Strategies I* 19.415.216.712.4
Fidelity Select Funds:
Air Transportation 34.623.424.914.0
Automotive -13.52.06.911.6
Biotechnology 77.738.633.224.4
Brokerage & Investment Mgt 30.730.931.122.6
Chemicals 19.25.311.512.4
Computers 81.152.748.035.5
Construction and Housing -12.611.615.213.2
Consumer Industries 10.124.723.0N.A
Defense & Aerospace 11.813.021.515.5
Developing Communications 122.457.939.6N.A
Electronics 106.652.853.637.5
Energy 34.28.115.28.5
Energy Service 72.69.722.610.5
Environmental Services -25.8-10.11.2-0.1
Financial Services 1.518.026.220.3
Food & Agriculture -20.56.213.212.8
Gold**8.4-15.7-4.4-0.9
Health Care -2.921.624.821.7
Home Finance -12.42.918.020.8
Industrial Equipment 17.416.220.516.2
Industrial Materials 16.51.96.88.7
Insurance -6.017.321.915.9
Leisure 32.837.330.119.3
Medical Delivery -29.6-7.33.210.2
Money Market 4.95.15.24.8
Multimedia 44.136.828.219.9
Paper & Forest Products30.59.611.411.5
Precious Metals & Minerals 7.2-16.1-9.6-2.3
Regional Banks -10.113.523.920.3
Retailing 5.329.624.119.9
Software & Computer Services93.247.941.931.3
Technology 131.764.449.235.1
Telecommunications 66.643.532.221.3
Transportation 27.617.315.315.1
Utilities Growth 26.033.08.617.3

* Formerly Fidelity Strategic Opportunities Fund

** Formerly Fidelity Select American Gold


>