To view this fund's performance and other information, log in to NetBenefits.
To view this fund's performance and other information, log in to NetBenefits.
The Cleveland Clinic Investment Pension Plan (IPP)
A 401(a) plan, also known as a Money Purchase Retirement Savings Plan, is a plan set up by an employer that allows for tax-deferred contributions by the employee, the employer, or both.
Choose from the tiers of investments below. Tiers are distinct categories designed to simplify your investment choices. At any time, you may use investments from any and all tiers.
When and Why:
Depending on your plan, there are two options to consider: Target Date Funds which are based on an anticipated retirement date and Target Allocation Funds that are based on a risk tolerance and time horizon.
Note: The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate, therefore you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted. Click on an investment to view quarter end returns, risk, fees and expenses. 1,2,3,4.
| INVESTMENTS | ASSET CLASS | CATEGORY | AVERAGE ANNUAL TOTAL RETURNS | CUMULATIVE RETURNS | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
1 Yr |
3 Yr |
5 Yr |
10 Yr |
Life |
3 Mon |
YTD |
As of Date |
|||
|
BLKRK LP IDX 2065 K
Inception Date 10/30/2019 |
Blended Investments* |
N/A |
-10.32% |
-- |
-- |
-- |
8.36% |
-1.35% |
-11.95% |
07/31/2022 |
|
BLKRK LP IDX 2025 K
Inception Date 05/31/2011 |
Blended Investments* |
Asset Allocation |
-9.17% |
4.97% |
5.41% |
6.71% |
6.12% |
0.05% |
-10.25% |
07/31/2022 |
|
BLKRK LP IDX 2030 K
Inception Date 05/31/2011 |
Blended Investments* |
Asset Allocation |
-9.44% |
5.92% |
6.15% |
7.48% |
6.72% |
-0.35% |
-10.63% |
07/31/2022 |
|
BLKRK LP IDX 2035 K
Inception Date 05/31/2011 |
Blended Investments* |
Asset Allocation |
-9.61% |
6.84% |
6.86% |
8.21% |
7.28% |
-0.69% |
-11.03% |
07/31/2022 |
|
BLKRK LP IDX 2040 K
Inception Date 05/31/2011 |
Blended Investments* |
Asset Allocation |
-9.83% |
7.61% |
7.46% |
8.84% |
7.77% |
-1.00% |
-11.37% |
07/31/2022 |
|
BLKRK LP IDX 2045 K
Inception Date 05/31/2011 |
Blended Investments* |
Asset Allocation |
-10.09% |
8.25% |
7.93% |
9.36% |
8.13% |
-1.20% |
-11.64% |
07/31/2022 |
|
BLKRK LP IDX 2050 K
Inception Date 05/31/2011 |
Blended Investments* |
Asset Allocation |
-10.30% |
8.53% |
8.12% |
9.66% |
8.33% |
-1.38% |
-11.90% |
07/31/2022 |
|
BLKRK LP IDX 2055 K
Inception Date 05/31/2011 |
Blended Investments* |
Asset Allocation |
-10.32% |
8.56% |
8.13% |
9.87% |
8.44% |
-1.40% |
-11.92% |
07/31/2022 |
|
BLKRK LP IDX 2060 K
Inception Date 02/29/2016 |
Blended Investments* |
Asset Allocation |
-10.37% |
8.54% |
8.14% |
-- |
10.78% |
-1.44% |
-11.93% |
07/31/2022 |
|
BLKRK LP IDX RTMT K
Inception Date 05/31/2011 |
Blended Investments* |
Asset Allocation |
-9.21% |
4.06% |
4.55% |
5.16% |
5.08% |
0.28% |
-9.98% |
07/31/2022 |
|
VANG BAL INDEX INST
Inception Date 11/09/1992 |
Blended Investments* |
Asset Allocation |
-8.17% |
7.63% |
8.01% |
8.80% |
8.23% |
0.61% |
-9.94% |
07/31/2022 |
|
TCW CORE FIXED INC P
Inception Date 02/26/1993 |
Bond Investments |
Intermediate-Term |
-9.54% |
0.24% |
1.56% |
1.87% |
4.88% |
1.49% |
-9.74% |
07/31/2022 |
When and Why:
Investors may choose from a range of fund choices that reflect different styles and goals.
Note: The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate, therefore you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted. Click on an investment to view quarter end returns, risk, fees and expenses. 1,2,3,4.
This option is for employees who know how to research, evaluate, and monitor a wide variety of funds with different risk and return characteristics.
| INVESTMENTS | ASSET CLASS | CATEGORY | AVERAGE ANNUAL TOTAL RETURNS | CUMULATIVE RETURNS | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
1 Yr |
3 Yr |
5 Yr |
10 Yr |
Life |
3 Mon |
YTD |
As of Date |
|||
|
VANG INST INDEX PLUS
Inception Date 07/31/1990 |
Stock Investments |
Large Cap Blend |
-4.67% |
13.35% |
12.82% |
13.79% |
10.23% |
0.38% |
-9.46% |
07/31/2022 |
|
VANG EXT MKT IDX ISP
Inception Date 12/21/1987 |
Stock Investments |
Mid-Cap Growth |
-21.77% |
7.55% |
8.31% |
11.50% |
10.48% |
-2.16% |
-16.42% |
07/31/2022 |
|
VANG TOT INTL STK IP
Inception Date 04/29/1996 |
Stock Investments |
Foreign |
-14.84% |
3.94% |
2.80% |
5.54% |
4.51% |
-3.60% |
-14.30% |
07/31/2022 |
|
VANG TOT BD MK IS PL
Inception Date 12/11/1986 |
Bond Investments |
Intermediate-Term |
-9.40% |
-0.23% |
1.25% |
1.60% |
5.35% |
1.40% |
-9.41% |
07/31/2022 |
When and Why:
This extensive list of mutual funds is for investors who have the desire to create and manage a portfolio through a substantially larger selection of investments.
This option is for employees who know how to research, evaluate, and monitor a wide variety of funds with different risk and return characteristics.
You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund's sponsor, have no legal obligation to provide financial support to money market funds and you should not expect that the sponsor will provide financial support to the fund at any time.
| INVESTMENTS | ASSET CLASS | CATEGORY | AVERAGE ANNUAL TOTAL RETURNS | CUMULATIVE RETURNS | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
1 Yr |
3 Yr |
5 Yr |
10 Yr |
Life |
3 Mon |
YTD |
As of Date |
|||
|
FID CONTRAFUND K6
Inception Date 05/25/2017 |
Stock Investments |
Large Cap Growth |
-16.34% |
11.00% |
12.43% |
-- |
12.72% |
-1.72% |
-18.69% |
07/31/2022 |
|
HARBOR CAP APP RET
Inception Date 12/29/1987 |
Stock Investments |
Large Cap Growth |
-24.84% |
12.73% |
13.86% |
15.24% |
11.89% |
-1.22% |
-23.45% |
07/31/2022 |
|
DODGE & COX STOCK I
Inception Date 01/04/1965 |
Stock Investments |
Large Cap Value |
-2.16% |
12.37% |
10.64% |
13.45% |
11.12% |
-0.40% |
-4.07% |
07/31/2022 |
|
JH DISCPL VALUE R6
Inception Date 01/02/1997 |
Stock Investments |
Large Cap Value |
1.69% |
10.54% |
9.04% |
11.42% |
8.85% |
-0.40% |
-2.98% |
07/31/2022 |
|
WM BLAIR SMDCP GR R6
Inception Date 12/29/2003 |
Stock Investments |
Mid-Cap Growth |
-20.41% |
5.40% |
10.03% |
13.42% |
10.40% |
-0.86% |
-18.19% |
07/31/2022 |
|
WASATCH SM CAP GR IS
Inception Date 12/08/1986 |
Stock Investments |
Small Cap Growth |
-35.35% |
5.69% |
12.52% |
11.49% |
11.81% |
-6.00% |
-28.25% |
07/31/2022 |
|
DFA US TARGET VALUE
Inception Date 02/23/2000 |
Stock Investments |
Small Cap Value |
3.66% |
13.62% |
8.95% |
11.87% |
11.00% |
1.63% |
-0.69% |
07/31/2022 |
|
VI SM-CAP VAL R6
Inception Date 03/30/2004 |
Stock Investments |
Small Cap Value |
-0.56% |
9.60% |
6.83% |
10.62% |
8.53% |
-0.80% |
-3.72% |
07/31/2022 |
|
DFA INTL SMALL CO I
Inception Date 09/30/1996 |
Stock Investments |
Foreign |
-16.59% |
5.41% |
2.41% |
7.62% |
6.47% |
-3.97% |
-16.54% |
07/31/2022 |
|
FID DIVERSFD INTL K6
Inception Date 05/25/2017 |
Stock Investments |
Foreign |
-18.75% |
5.60% |
4.24% |
-- |
4.62% |
-3.52% |
-21.27% |
07/31/2022 |
|
GS GQG INTL OPPS R6
Inception Date 12/15/2016 |
Stock Investments |
Foreign |
-11.72% |
7.61% |
8.39% |
-- |
11.04% |
-4.62% |
-10.31% |
07/31/2022 |
|
TMPL INST FRGN SM CO
Inception Date 10/21/2002 |
Stock Investments |
Foreign |
-22.10% |
1.54% |
0.75% |
5.68% |
9.02% |
-2.19% |
-20.60% |
07/31/2022 |
|
DFA EMERG MKTS VALUE
Inception Date 04/01/1998 |
Stock Investments |
Diversfd Emerging Mkts |
-8.86% |
3.51% |
1.65% |
3.33% |
8.70% |
-6.21% |
-7.98% |
07/31/2022 |
|
NB EMERG MKTS EQ R6
Inception Date 10/08/2008 |
Stock Investments |
Diversfd Emerging Mkts |
-22.73% |
-1.69% |
-0.70% |
2.77% |
5.88% |
-2.52% |
-18.61% |
07/31/2022 |
|
FID STR REAL RET K6
Inception Date 09/07/2005 |
Blended Investments* |
Asset Allocation |
3.94% |
7.44% |
5.62% |
3.03% |
3.58% |
-2.98% |
0.98% |
07/31/2022 |
|
J H FLEXIBLE BOND N
Inception Date 07/07/1987 |
Bond Investments |
Intermediate-Term |
-9.31% |
1.15% |
1.96% |
2.26% |
6.07% |
1.12% |
-9.45% |
07/31/2022 |
|
TRP SHORT TERM BD I
Inception Date 03/02/1984 |
Bond Investments |
Short-Term |
-3.81% |
0.83% |
1.40% |
1.27% |
4.57% |
0.04% |
-3.62% |
07/31/2022 |
|
PGIM HIGH YIELD R6
Inception Date 01/22/1990 |
Bond Investments |
High-Yield |
-7.53% |
2.22% |
3.57% |
5.23% |
7.73% |
-1.06% |
-8.06% |
07/31/2022 |
METLIFE FIXED - NEW
Inception Date 12/31/2009 |
Bond Investments |
Stable Value |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
METLIFE FIXED - OLD
Inception Date 12/31/2009 |
Bond Investments |
Stable Value |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
PRUDENTIAL GIA
|
Bond Investments |
Stable Value |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
FIMM TREAS ONLY INST
Inception Date 10/03/1990 7 day yield % as of 07/31/2022: 1.66 ** 7 day restated yield % as of 07/31/2022: 1.62 *** |
Short-Term Investments |
N/A |
0.27% |
0.47% |
0.98% |
0.55% |
2.43% |
0.23% |
0.35% |
07/31/2022 |
A self-directed brokerage account allows you to make investments beyond those offered in your workplace retirement savings plan.
For more information or to open a self-directed brokerage account, first enroll in your Fidelity workplace retirement savings plan. Then visit www.netbenefits.com > Quick Links > BrokerageLink where you can open an account or review additional information, including the commission schedule for applicable fees and risks.
BrokerageLink includes investments beyond those in your plan's lineup. You should compare investments and share classes that are available in your plan's lineup with those available through BrokerageLink, and determine the available investment and share class that is appropriate for your situation. The plan fiduciary neither evaluates nor monitors the investments available through BrokerageLink. It is your responsibility to ensure that the investments you select are suitable for your situation, including your goals, time horizon, and risk tolerance.
Learn the plan basics - including eligibility - of each retirement savings plan offered by your employer.
You do not enroll in the IPP. Eligible employees automatically have an account established for them when they begin employment with Cleveland Clinic. Though you do not need to enroll you should select investment options for contributions made by Cleveland Clinic and designate your beneficiaries. If you do not select investments contributions made to your account will be invested in a BlackRock LifePath® Index Portfolio fund, based on your date of birth, which is the default fund for the IPP. You are however encouraged to take an active role in the Plan and select investments that are appropriate for you.
You do not contribute to the Cleveland Clinic IPP. All contributions are made by Cleveland Clinic based upon your years of service.
Does the Cleveland Clinic contribute to my account?
| Years of Service | % of Eligible Compensation |
| Less than 5 | 2.5% |
| At least 5 and less than 10 | 3.5% |
| At least 10 and less than 15 | 4.5% |
| At least 15 and less than 20 | 5.0% |
| 20 or more | 5.5% |
You have access to a range of investment choices in your plan, including conservative, moderately conservative, and aggressive funds. We encourage you to take an active role in your plan and choose investment options that best suit your goals, time horizon, and risk tolerance.
If you do not select specific investment options in the plan, your contributions will be invested in a BlackRock LifePath® Index Portfolio fund, based on your date of birth, which is the default fund for the IPP.
The BlackRock LifePath® Index Portfolios are designed for investors expecting to retire around the year indicated in each portfolio's name. The portfolios are managed to gradually become more conservative over time as it approaches the target date. The investment risk of each BlackRock LifePath® Index Portfolio changes over time as its asset allocation changes. The portfolios are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at or after the target dates.
A managed account is designed for people who prefer to have Fidelity manage their money for them, so they can focus on other aspects of their life.
Your employer gives you the opportunity to have a team of Fidelity professionals propose an investment strategy aligned to your personal goals and situation. Fidelity Personalized Planning & Advice monitor your investments, and make adjustments as your life and the world around you changes-helping to keep you on track to retirement. This service provides discretionary money management for a fee and you may cancel at any time with no cancellation fee.
Learn more and get a free review of your portfolio by speaking with a Fidelity representative at 866-811-6041.
Fidelity Personalized Planning & Advice at Work is a service of Fidelity Personal and Workplace Advisors LLC and Strategic Advisers LLC. Both are registered investment advisers, are Fidelity Investments companies and may be referred to as "Fidelity," "we," or "our" within. For more information, refer to the Terms and Conditions of the Program. When used herein, Fidelity Personalized Planning & Advice refers exclusively to Fidelity Personalized Planning & Advice at Work. This service provides advisory services for a fee.
Cleveland Clinic's contributions to your IPP account and any earnings on them become vested once you have completed three years of service.
Your beneficiary or beneficiaries will inherit your account in the event of your death. You should consider identifying a beneficiary when you enroll in your plan, and updating the information if you experience a life-changing event such as a marriage, divorce, birth of a child, or death in the family.
Fidelity's Online Beneficiaries Service, available through NetBenefits® offers a straightforward, convenient process that takes just minutes.
Go to 'Profile' in the navigation bar at the top of your NetBenefits® page and click on the 'Summary tab' and then 'Beneficiaries'.
You are generally allowed to withdraw money from your plan when you leave your employer, retire, or become permanently disabled. Also you may be eligible for a distribution if you have a financial hardship as defined by your plan. Withdrawals may be subject to income taxes and, if they occur prior to you becoming age 59˝, a 10% early withdrawal tax penalty.
For more information, call the Fidelity Retirement Services Center at 1-888-388-2247.
Note: The taxable portion of your withdrawal that is eligible for rollover into an individual retirement account (IRA) or another employer's retirement plan is subject to 20% mandatory federal income tax withholding, unless it is directly rolled over to an IRA or another employer plan. (You may owe more or less when you file your income taxes.) Be sure you understand the tax consequences and your plan's rules for distributions before you initiate a distribution. You may want to consult your tax advisor about your situation.
Online, on the phone, or in person, you have access to your account the way you want it. Log in online to NetBenefits® virtually 24/7 or call Fidelity at 1-888-388-2247 to speak with a representative or use the automated voice response system.
Fidelity financial professionals provide complimentary one-on-one consultations for participants in your plan. You can also contact Fidelity for a statement of your account by calling 1-888-388-2247 or visiting NetBenefits®.
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| Fidelity Investments | 1-888-388-2247 |
Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
Investing involves risk, including risk of loss.
Footnotes 1, 2, 3 and 4 below pertain to the performance tables located on the Investment Options tab:
1 Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal.
2 Total returns are historical and include change in share price and reinvestment of dividends and capital gains, if any. These figures do not include the effect of sales charges, if any, as these fees are waived for contributions made through your retirement plan. If sales charges were included, returns would have been lower. Life of fund figures are from the inception date to the period shown. For unitized funds, the inception date shown may be that of the fund's underlying investment option. For non-mutual fund pools and trusts whose strategies may be offered to multiple clients, and whose returns may be based on a composite, the inception date shown may be the beginning date of the composite's returns.
3In general, the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk, liquidity risk, call risk, and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so holding them until maturity to avoid losses caused by price volatility is not possible.
4Target Date Funds are an asset mix of stocks, bonds and other investments that automatically becomes more conservative as the fund approaches its target retirement date and beyond. Principal invested is not guaranteed.
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