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UMN Optional Retirement Plan
Faculty and staff can save more for retirement through the Optional Retirement Plan (ORP), a 403(b) voluntary retirement savings plan which offers pre-tax and Roth contributions.
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 |
|||
|
JPM SR BLEND 2020 R6
Inception Date 07/02/2012 |
Blended Investments* |
N/A |
-0.37% |
2.77% |
3.16% |
4.76% |
5.43% |
1.86% |
5.21% |
05/31/2023 |
|
JPM SR BLEND 2025 R6
Inception Date 07/02/2012 |
Blended Investments* |
N/A |
-0.29% |
4.23% |
3.86% |
5.53% |
6.28% |
1.91% |
5.94% |
05/31/2023 |
|
JPM SR BLEND 2030 R6
Inception Date 07/02/2012 |
Blended Investments* |
N/A |
-0.06% |
5.55% |
4.46% |
6.23% |
7.04% |
1.97% |
6.95% |
05/31/2023 |
|
JPM SR BLEND 2035 R6
Inception Date 07/02/2012 |
Blended Investments* |
N/A |
0.20% |
7.13% |
5.14% |
6.84% |
7.72% |
2.06% |
7.88% |
05/31/2023 |
|
JPM SR BLEND 2040 R6
Inception Date 07/02/2012 |
Blended Investments* |
N/A |
0.34% |
8.20% |
5.58% |
7.31% |
8.19% |
2.01% |
8.57% |
05/31/2023 |
|
JPM SR BLEND 2045 R6
Inception Date 07/02/2012 |
Blended Investments* |
N/A |
0.44% |
9.12% |
5.94% |
7.51% |
8.37% |
2.06% |
9.14% |
05/31/2023 |
|
JPM SR BLEND 2050 R6
Inception Date 07/02/2012 |
Blended Investments* |
N/A |
0.44% |
9.12% |
5.99% |
7.54% |
8.39% |
2.06% |
9.24% |
05/31/2023 |
|
JPM SR BLEND 2055 R6
Inception Date 07/02/2012 |
Blended Investments* |
N/A |
0.44% |
9.17% |
5.99% |
7.49% |
8.35% |
2.04% |
9.26% |
05/31/2023 |
|
JPM SR BLEND 2060 R6
Inception Date 08/31/2016 |
Blended Investments* |
N/A |
0.49% |
9.16% |
6.02% |
-- |
7.63% |
2.07% |
9.19% |
05/31/2023 |
|
JPM SR BLEND INC R6
Inception Date 07/02/2012 |
Blended Investments* |
N/A |
-0.36% |
2.50% |
2.96% |
3.87% |
4.22% |
1.89% |
5.13% |
05/31/2023 |
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.
You may lose money by investing in a money market fund. Not all money market funds operate the same way and depending on the fund, you may be subject to certain operating policies and risks not applicable to other money market funds. Please click on the name of the fund below for risks specific to that fund.
| 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 |
|||
|
CALV US LG CP CRI R6
Inception Date 06/30/2000 |
Stock Investments |
Large Cap |
3.24% |
11.82% |
11.31% |
12.12% |
5.93% |
4.66% |
12.36% |
05/31/2023 |
|
VANG INST INDEX PLUS
Inception Date 07/31/1990 |
Stock Investments |
Large Cap |
2.90% |
12.90% |
11.00% |
11.98% |
10.04% |
5.74% |
11.97% |
05/31/2023 |
|
VANG EXT MKT IDX ISP
Inception Date 12/21/1987 |
Stock Investments |
Mid-Cap |
-3.47% |
7.84% |
4.66% |
8.38% |
10.11% |
-4.55% |
10.16% |
05/31/2023 |
|
VAN EM MKT ST IDX IS
Inception Date 05/04/1994 |
Stock Investments |
International |
-7.23% |
4.43% |
0.35% |
2.15% |
5.65% |
-0.58% |
3.92% |
05/31/2023 |
|
VANG DEV MKT IDX IP
Inception Date 08/17/1999 |
Stock Investments |
International |
0.92% |
8.67% |
3.22% |
4.93% |
4.15% |
1.37% |
9.06% |
05/31/2023 |
ML GEN ACCT LIMITED
|
Bond Investments |
Stable Value |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
ML GENERAL ACCOUNT
|
Bond Investments |
Stable Value |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
CALVERT BOND R6
Inception Date 08/24/1987 |
Bond Investments |
Income |
-1.04% |
-1.15% |
1.50% |
1.81% |
5.40% |
1.68% |
2.79% |
05/31/2023 |
|
VANG INFL PROT INST
Inception Date 06/29/2000 |
Bond Investments |
Income |
-4.34% |
0.27% |
2.61% |
1.67% |
4.65% |
1.70% |
1.81% |
05/31/2023 |
|
VANG TOT BD MK IS PL
Inception Date 12/11/1986 |
Bond Investments |
Income |
-2.00% |
-3.66% |
0.87% |
1.37% |
5.15% |
2.03% |
1.93% |
05/31/2023 |
|
VANG VMMR-FED MMKT
Inception Date 07/13/1981 7 day yield % as of 05/31/2023: 5.04 ** |
Short-Term Investments |
N/A |
3.43% |
1.17% |
1.45% |
0.90% |
3.88% |
1.21% |
2.03% |
05/31/2023 |
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.
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.
** The current yield of the money market mutual fund listed above reflects the current earnings of the fund, while the total return refers to a specific past holding period.
*** The yield without applicable waivers or reimbursements, whenever Fidelity is subsidizing all or a portion of the fund's expenses as of the current reporting period. Absent such waivers or reimbursements, the returns would have been lower. Waivers and/or reimbursements may be discontinued any time.
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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