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October
2010
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Investment Choice Changes
for 2011
The AHRP Investment Committee regularly evaluates each
AHRP Investment Choice to assure it continues to meet its stated
objectives and performs favorably when compared to its benchmark and
peer group. Additionally, the Committee evaluates the investment
options to assure a broad spectrum of choice. As a result of this
process, the following changes will be made to the AHRP Investment
Choices.
De-selected Investment Choice as of December 31, 2010
American Funds Bond Fund of America - Participants with
balances currently in this fund will be notified of the de-selection
by mail and provided opportunity to reallocate their account balance.
Any balance remaining in this fund at the close of the market December
31, 2010 will be mapped into the PIMCO Total Return Fund.
Additional Investment Choice as of January 1, 2011
PIMCO Total Return Fund - Intermediate bond fund
intended to provide additional choice in the "bond" asset class.
Freedom on the Fives
In 2003, the Fidelity Freedom Funds® family was
introduced into the AHRP Investment Choice line-up with target
retirement date funds spanning each decade into the future. Since that
time, Fidelity has expanded its Freedom Fund line-up to include target
retirement date funds at five year increments - and, beginning 2011,
the AHRP Investment Choices will expand to include these additional
offerings.
Fidelity Freedom Funds® can help simplify retirement
investing. They are professionally managed, seek to control risk, and
are regularly rebalanced to become more conservative over time.
Freedom Funds are designed to provide an investment mix based on a
retirement target date (embedded in each fund 's name), and a lifetime
investment strategy within a single fund.
Because each fund invests in a combination of
well-established Fidelity mutual funds, and is professionally managed
to provide a consistent retirement investment strategy over time, you
can choose just one fund for all your retirement plan assets. Or, if
you wish to manage your own asset allocation, you can choose to invest
in the Freedom Funds as a complement to your other investment options.
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