The University Record, June 5, 2000

Investment Funds Update

Editor’s Note: To help faculty and staff make choices among the many retire- ment 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), (734) 764-6584 (Medical Campus), as well as TIAA-CREF and Fidelity.


Average Annual Total Returns as of March 31, 2000

Average Annualized Compound Return

Equity Funds 1 Year 3 Years 5 Years 10 Years
Standard & Poor's 500 Stock Index 17.9% 27.4% 26.8% 18.8%
Fidelity Low-Priced Stock 18.1 11.7 16.4 17.8
Fidelity OTC Portfolio 82.6 50.1 37.3 24.8
Lipper Multi-Cap Core Funds Average 26.6 24.6 23.4 17.3
C.R.E.F. Equity Index Account 21.8 26.7 25.5 NA
C.R.E.F. Growth Account 38.8 35.0 30.9 NA
C.R.E.F. Stock Account 22.6 24.8 23.3 16.8
Fidelity Blue Chip Growth 24.4 31.0 26.0 22.9
Fidelity Capital Appreciation 46.3 32.3 24.5 16.9
Fidelity Contrafund 24.8 29.4 27.3 23.2
Fidelity Disciplined Equity 22.2 27.2 23.9 18.8
Fidelity Dividend Growth 5.3 24.9 26.0 NA
Fidelity 21.3 30.4 27.0 18.7
Fidelity Growth Company 95.6 49.1 37.5 25.6
Fidelity Growth & Income 8.9 22.4 22.9 18.7
Fidelity Magellan 21.1 30.3 25.4 19.7
Fidelity Retirement Growth 61.2 41.6 29.0 21.2
Fidelity Spartan U.S. Equity Index 17.7 27.1 26.5 18.5
Fidelity Trend 36.7 22.1 18.0 14.4
Lipper Multi-Cap Growth Funds Average 57.4 38.5 30.4 21.2
Fidelity Convertible Securities 56.6 30.5 23.2 19.1
Fidelity Equity-Income 2.2 14.4 17.9 14.9
Fidelity Equity Income II 1.0 17.4 17.9 NA
Fidelity Value 4.4 6.6 11.9 13.2
Lipper Equity Income Funds Average 3.2 13.0 15.9 13.3
C.R.E.F. Global Equities 38.0 25.8 22.2 NA
Fidelity Canada 54.5 13.4 14.0 9.7
Fidelity Emerging Markets 58.4 -10.5 -1.3 NA
Fidelity Europe 30.3 22.1 22.5 13.8
Fidelity International Growth & Income 51.0 22.2 17.7 12.5
Fidelity Japan 108.7 36.7 17.1 NA
Fidelity Overseas 39.7 20.3 17.6 11.1
Fidelity Pacific Basin 85.8 27.2 13.7 9.5
Fidelity World-Wide 32.3 16.1 15.1 NA
MSCI EAFE (International) Index 25.1 16.3 12.4 9.4
MSCI Emerging Markets Free Index 51.6 1.2 5.2 12.1

Average Annualized Compound Return

Bond Funds 1 Year 3 Years 5 Years 10 Years
Lehman Bros. Government/Corporate Bond Index 1.7% 6.8% 7.1% 8.1%
C.R.E.F. Bond Market 1.8 6.5 6.9 7.7
Fidelity Capital & Income 6.8 11.2 11.1 13.6
Fidelity Ginnie Mae 2.5 6.1 6.8 7.4
Fidelity Intermediate Bond 2.1 5.9 6.0 7.2
Fidelity Investment Grade Bond 1.5 6.2 6.5 8.0
Fidelity Mortgage Securities 2.7 6.2 7.2 7.9
Fidelity Short-Term Bond 3.4 5.4 5.8 6.2
Fidelity U.S. Bond Index 1.8 8.2 7.9 8.5
TIAA Premium Growth Rate 6.5 7.2 7.4 7.7


Money Market Funds 1 Year 3 Years 5 Years 10 Years
91-Day Treasury Bills 5.4% 5.3% 5.4% 5.2%
C.R.E.F. Money Market 5.2 5.4 5.4 5.2
Fidelity Cash Reserves 5.2 5.3 5.3 5.0
Fidelity Retirement Government Money Market 5.1 5.2 5.3 5.0
Fidelity Retirement Money Market 5.3 5.3 5.4 5.1
Fidelity U.S. Government Reserves 5.1 5.9 5.6 5.4

Balanced Funds 1 Year 3 Years 5 Years 10 Years
C.R.E.F. Social Choice Account 10.9% 18.3% 18.5% 14.6%
Fidelity Asset Manager 16.6 19.0 17.0 14.5
Fidelity Asset Manager: Growth 12.0 20.2 19.4 NA
Fidelity Asset Manager: Income 5.9 10.1 10.2 NA
Fidelity Balanced 5.7 17.7 14.8 12.6
Fidelity Puritan 1.4 13.1 14.3 13.4

Average Annualized Compound Return

Specialty Funds 1 Year 3 Years 5 Years 10 Years
Fidelity Real Estate Investment Portfolio 5.3% -0.3% 9.3% 10.5%
Fidelity Value Strategies I* 42.5 21.4 17.6 14.4
Fidelity Select Funds:
Air Transportation 22.5 26.5 21.6 14.7
Automotive -1.9 3.2 7.6 11.7
Biotechnology 83.6 47.0 33.9 25.2
Brokerage & Investment Management 29.9 37.1 33.8 24.1
Chemicals 17.3 4.6 9.5 12.5
Computers 98.5 69.3 51.0 36.4
Construction and Housing -5.8 9.5 12.6 12.6
Consumer Industries -0.5 20.7 20.1 NA
Defense & Aerospace 17.0 15.1 19.9 15.9
Developing Communications 124.7 80.8 46.0 NA
Electronics 177.5 73.6 59.4 40.2
Energy 39.0 15.5 16.9 10.2
Energy Service 84.7 21.2 27.1 13.1
Environmental Services -19.0 -9.6 -0.1 0.1
Financial Services -4.5 17.8 22.9 21.0
Food & Agriculture -17.6 2.9 10.2 12.4
Gold** -2.6 -17.8 -8.8 -2.4
Health Care -1.6 22.3 23.2 22.4
Home Finance -16.5 0.2 14.1 20.7
Industrial Equipment 25.5 19.0 19.3 16.0
Industrial Materials 3.2 -0.6 2.7 7.8
Insurance -7.5 16.8 19.8 16.6
Leisure 12.2 36.5 27.4 20.6
Medical Delivery -16.0 -9.4 -0.6 10.5
Money Market 5.1 5.2 5.2 4.7
Multimedia 29.4 39.9 25.3 22.0
Paper & Forest Products 23.7 9.7 8.4 11.7
Regional Banks -10.6 10.5 20.3 20.8
Retailing -0.1 27.9 23.9 19.6
Software & Computer Services 85.8 54.3 39.9 31.6
Technology 144.6 79.2 53.7 37.0
Telecommunications 76.8 54.8 35.4 24.4
Transportation 7.7 15.3 13.0 14.7
Utilities Growth 36.9 38.8 30.2 19.4

* Formerly Fidelity Strategic Opportunities Fund

**Formerly Fidelity Select American Gold

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