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 Funds | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | |
| Standard & Poor’s 500 Stock Index | 21.0% | 27.6% | 28.6% | 18.2% | |
| Fidelity Low-Priced Stock | 5.1 | 10.2 | 16.2 | 17.6 | |
| Fidelity OTC Portfolio | 72.5 | 38.6 | 35.4 | 22.9 | |
| Lipper Multi-Cap Core Funds Average | 22.5 | 21.8 | 23.1 | 15.5 | |
| C.R.E.F. Equity Index Account | 20.8 | 25.3 | 26.6 | N.A | |
| C.R.E.F. Growth Account | 32.5 | 31.3 | 30.9 | N.A | |
| C.R.E.F. Stock Account | 21.5 | 23.6 | 24.2 | 15.9 | |
| Fidelity Blue Chip Growth | 24.3 | 28.6 | 25.8 | 22.0 | |
| Fidelity Capital Appreciation | 45.8 | 29.2 | 24.2 | 15.9 | |
| Fidelity Contrafund | 25.0 | 26.5 | 27.4 | 22.4 | |
| Fidelity Disciplined Equity | 22.4 | 25.7 | 24.2 | 18.1 | |
| Fidelity Dividend Growth | 8.8 | 23.7 | 27.6 | N.A | |
| Fidelity | 24.2 | 29.0 | 27.9 | 18.2 | |
| Fidelity Growth Company | 79.5 | 39.5 | 34.7 | 23.6 | |
| Fidelity Growth & Income | 10.4 | 22.6 | 24.5 | 18.4 | |
| Fidelity Magellan | 24.0 | 28.0 | 26.2 | 18.9 | |
| Fidelity Retirement Growth | 47.0 | 33.3 | 26.1 | 18.9 | |
| Fidelity Spartan U.S. Equity Index | 20.7 | 27.3 | 28.3 | 17.9 | |
| Fidelity Trend | 40.7 | 16.2 | 17.5 | 13.2 | |
| Lipper Multi-Cap Growth Funds Average | 52.3 | 31.6 | 28.6 | 19.2 | |
| Fidelity Convertible Securities | 44.1 | 24.2 | 21.4 | 17.5 | |
| Fidelity Equity-Income | 7.2 | 16.2 | 20.1 | 14.5 | |
| Fidelity Equity Income II | 4.4 | 17.7 | 19.6 | N.A | |
| Fidelity Value | 8.6 | 9.6 | 14.4 | 13.2 | |
| Lipper Equity Income Funds Average | 3.3 | 13.1 | 17.3 | 12.3 | |
| C.R.E.F. Global Equities | 36.0 | 24.1 | 22.0 | N.A | |
| Fidelity Canada | 40.6 | 8.3 | 11.9 | 7.7 | |
| Fidelity Emerging Markets | 70.5 | -9.5 | -4.6 | N.A | |
| Fidelity Europe | 18.7 | 20.8 | 21.3 | 13.2 | |
| Fidelity Intl Growth & Income | 53.7 | 21.9 | 18.0 | 11.7 | |
| Fidelity Japan | 146.1 | 35.4 | 16.6 | N.A | |
| Fidelity Overseas | 42.9 | 21.4 | 17.1 | 10.9 | |
| Fidelity Pacific Basin | 119.6 | 26.4 | 13.0 | 8.3 | |
| Fidelity World-Wide | 30.8 | 16.3 | 14.9 | N.A | |
| MSCI EAFE (International) Index | 26.9 | 5.7 | 12.8 | 7.0 | |
| MSCI Emerging Markets Free Index | 66.4 | 3.2 | 2.0 | 11.0 |
| Average Annualized Compound Return |
| Bond Funds | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | |
| Lehman Bros. Govt/Corp Bond Index | -2.2% | 5.5% | 7.6% | 7.7% | |
| C.R.E.F. Bond Market | -1.1 | 5.6 | 7.4 | N.A | |
| Fidelity Capital & Income | 13.3 | 10.8 | 2.1 | 12.9 | |
| Fidelity Ginnie Mae | 1.2 | 5.4 | 7.4 | 7.1 | |
| Fidelity Intermediate Bond | 1.0 | 5.2 | 6.4 | 6.9 | |
| Fidelity Investment Grade Bond | -1.0 | 5.2 | 6.7 | 7.6 | |
| Fidelity Mortgage Securities | 1.9 | 5.6 | 7.7 | 7.6 | |
| Fidelity Short-Term Bond | 3.3 | 5.2 | 6.0 | 6.1 | |
| Fidelity U.S. Bond Index | -1.0 | 7.1 | 8.4 | N.A | |
| TIAA Premium Growth Rate | 6.5 | 7.2 | 7.4 | 7.8 |
| Money Market Funds | 1 .Yr | 3 .Yrs | 5 .Yrs | 10 .Yrs | |
| 91-Day Treasury Bills | 5.1% | 5.2% | 5.4% | 5.2% | |
| C.R.E.F. Money Market | 5.0 | 5.3 | 5.4 | 5.2 | |
| Fidelity Cash Reserves | 5.0 | 5.2 | 5.3 | 5.1 | |
| Fidelity Retirement Govt Money Mkt | 4.9 | 5.2 | 5.3 | 5.1 | |
| Fidelity Retirement Money Market | 5.0 | 5.3 | 5.4 | 5.2 | |
| Fidelity U.S. Government Reserves | 4.9 | 5.8 | 5.6 | 5.4 |
|
Balanced Funds | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | |
| C.R.E.F. Social Choice Account | 10.8% | 17.9% | 19.6% | N.A | |
| Fidelity Asset Manager | 13.6 | 17.3 | 16.5 | 13.8 | |
| Fidelity Asset Manager: Growth | 14.0 | 19.4 | 19.1 | N.A | |
| Fidelity Asset Manager: Income | 5.7 | 9.4 | 10.5 | N.A | |
| Fidelity Balanced | 8.9 | 17.3 | 15.2 | 12.1 | |
| Fidelity Puritan | 2.9 | 13.6 | 15.5 | 13.1 |
| Average Annualized Compound Return |
| Specialty Funds | 1 Yr | 3 Yrs | 5 .Yrs 10 Yrs | ||
| Fidelity Real Estate Invest. Portfolio | -1.0% | -0.7% | 8.1% | 9.9% | Fidelity Value Strategies I* | 19.4 | 15.2 | 16.7 | 12.4 |
| Fidelity Select Funds: | |||||
| Air Transportation | 34.6 | 23.4 | 24.9 | 14.0 | |
| Automotive | -13.5 | 2.0 | 6.9 | 11.6 | |
| Biotechnology | 77.7 | 38.6 | 33.2 | 24.4 | |
| Brokerage & Investment Mgt | 30.7 | 30.9 | 31.1 | 22.6 | |
| Chemicals | 19.2 | 5.3 | 11.5 | 12.4 | |
| Computers | 81.1 | 52.7 | 48.0 | 35.5 | |
| Construction and Housing | -12.6 | 11.6 | 15.2 | 13.2 | |
| Consumer Industries | 10.1 | 24.7 | 23.0 | N.A | |
| Defense & Aerospace | 11.8 | 13.0 | 21.5 | 15.5 | |
| Developing Communications | 122.4 | 57.9 | 39.6 | N.A | |
| Electronics | 106.6 | 52.8 | 53.6 | 37.5 | |
| Energy | 34.2 | 8.1 | 15.2 | 8.5 | |
| Energy Service | 72.6 | 9.7 | 22.6 | 10.5 | |
| Environmental Services | -25.8 | -10.1 | 1.2 | -0.1 | |
| Financial Services | 1.5 | 18.0 | 26.2 | 20.3 | |
| Food & Agriculture | -20.5 | 6.2 | 13.2 | 12.8 | |
| Gold** | 8.4 | -15.7 | -4.4 | -0.9 | |
| Health Care | -2.9 | 21.6 | 24.8 | 21.7 | |
| Home Finance | -12.4 | 2.9 | 18.0 | 20.8 | |
| Industrial Equipment | 17.4 | 16.2 | 20.5 | 16.2 | |
| Industrial Materials | 16.5 | 1.9 | 6.8 | 8.7 | |
| Insurance | -6.0 | 17.3 | 21.9 | 15.9 | |
| Leisure | 32.8 | 37.3 | 30.1 | 19.3 | |
| Medical Delivery | -29.6 | -7.3 | 3.2 | 10.2 | |
| Money Market | 4.9 | 5.1 | 5.2 | 4.8 | |
| Multimedia | 44.1 | 36.8 | 28.2 | 19.9 | |
| Paper & Forest Products | 30.5 | 9.6 | 11.4 | 11.5 | |
| Precious Metals & Minerals | 7.2 | -16.1 | -9.6 | -2.3 | |
| Regional Banks | -10.1 | 13.5 | 23.9 | 20.3 | |
| Retailing | 5.3 | 29.6 | 24.1 | 19.9 | |
| Software & Computer Services | 93.2 | 47.9 | 41.9 | 31.3 | |
| Technology | 131.7 | 64.4 | 49.2 | 35.1 | |
| Telecommunications | 66.6 | 43.5 | 32.2 | 21.3 | |
| Transportation | 27.6 | 17.3 | 15.3 | 15.1 | |
| Utilities Growth | 26.0 | 33.0 | 8.6 | 17.3 |
* Formerly Fidelity Strategic Opportunities Fund
** Formerly Fidelity Select American Gold