my BENEFITS - Duke University...redesign, selecting investments and the self-directed brokerage account. Visit hr.duke.edu/ffw for additional information. Annuity accounts at TIAA

Retirement RedesignDecision Guide

April 2018

BENEFITSmy

If you need this information in an alternate format, please contact the Human Resource Information Center at 919-684-5600.Si necesita esta información en otro formato, por favor comuníquese con el Centro de Información de Recursos Humanos al 919-684-5600.

Rev. 05/2018

IMPORTANT INFORMATION ABOUT YOUR DUKE FACULTY AND STAFF RETIREMENT PLAN

New Investment Lineup Retirement Plan Decision Guide

Redesigning the Duke Faculty and Staff Retirement Plan ...........................2

Plan changes overview .........................................................................................2

What is changing? ..........................................................................................2

What is not changing?...................................................................................3

When? ...............................................................................................................3

What do I need to do? ...................................................................................3

Where can I get help? ....................................................................................3

Things you might want to know ..................................................................3

What are my options to direct future contributions? ...................................4

What are my options for my account balances? ............................................5

How do these changes affect my account? .....................................................6

New investment lineup at Fidelity..................................................................... 8

Tier 1: Target Date Funds for a ready made portfolio ........................... 8

Tier 2: Core Funds to build your own portfolio ....................................... 8

Tier 3: Self-directed brokerage account (BrokerageLink®) ................ 10

Optional one-time transfer in-kind to a self-directed brokerage account ................................................................11

Retirement plan fees .............................................................................................11

How balances will transfer in January 2019: Investment option mapping strategy .............................................................. 12

Mapping details for current Fidelity Investment Options ................... 13

Mapping details for current TIAA Investment Options ....................... 19

Mapping details for current VALIC Investment Options .................... 20

Mapping details for current Vanguard Investment Options .............. 22

Contents

If you have an account balance in the Duke Faculty and Staff Retirement Plan, the upcoming changes may affect you even if you are now retired or no longer employed by Duke.

You have the following options for your vested account balance in the Duke Faculty and Staff Retirement Plan:

leave your retirement savings in the Duke Faculty and Staff Retirement Plan to take advantage of the new investment lineup;

roll any or all of your vested balances into an Individual Retirement Account (IRA) or another employer’s retirement plan (if allowed by new employer);

withdraw vested balances using various distribution options such as lump sum, installments or an annuity.

IRS penalties may apply on distributions if you are younger than 59 ½. Distributions are taxed as ordinary income.

A note for retirees, former employees and beneficiaries with an account balance in the plan

2 Retirement Redesign Decision Guide

Redesigning the Duke Faculty and Staff Retirement PlanThis guide will provide you information about the upcoming changes to the Duke Faculty and Staff Retirement Plan. Use this guide to help you understand:

your options

resources available to help you

key action dates

Plan changes overview What is changing?Fidelity will become the primary recordkeeper for retirement services, including investment options, enrollment, distributions, and changes to your contribution amount effective January 2019.

May 21, 2018

You will have the opportunity to choose investments from the new investment lineup at Fidelity. The current investment options at Fidelity and through the other providers will continue to be available until January 2019. Unless you elect otherwise, your contributions will continue to be directed to your selected provider(s) and investment option(s) until January 2019.

Effective January 2019

Fidelity will become the primary retirement service provider for retirement recordkeeping services, including investments, enrollment, distributions, and changes to your contribution amount.

All balances at Vanguard will transfer to the new investment lineup at Fidelity and future contributions will be redirected to Fidelity. Vanguard will be eliminated as a retirement service provider for the Duke Retirement Plan.

A new TIAA Traditional Fixed Annuity contract will be added in January 2019. TIAA annuity accounts will be frozen to all new contributions. TIAA will continue to administer balances in frozen annuity accounts and the TIAA Traditional Fixed Annuity fund. All mutual fund balances at TIAA will transfer to the new investment lineup at Fidelity. Your future contributions will be redirected to Fidelity.

VALIC annuity accounts will be frozen to all new contributions. VALIC will continue to administer frozen annuity accounts. Mutual funds balances at VALIC will transfer to the new investment lineup at Fidelity. Your future contributions will be redirected to Fidelity.

A new loan program with Fidelity will be introduced in 2019.

Fidelity will separate the cost of operating the plan from investment expenses. Plan operating expenses will appear as a separate administrative fee on your account statements.

What is not changing? Employees’ Retirement Plan (ERP) is not changing.

The Duke contribution formula to the Faculty and Staff Retirement plan is not changing.

Roth 403(b) feature is not changing.

The maximum amount you can contribute to the plan is not changing. This is set by the Internal Revenue Service annually.

Duke’s 457(b) plan is not changing.

Fidelity is here to help you Speak with a Fidelity representative over the

phone at 800-823-0172 to get help and advice on investing.

Local on-site help when you need it – flexible appointment times fidelity.com/reserve or call 800-823-0172.

Access your account anytime at fidelity.com/duke

Note: It is important to note that Fidelity will be the primary recordkeeper. This does not mean that you will only have access to Fidelity funds. Other options are available in the new investment lineup, including Vanguard, T. Rowe Price and others.

Retirement Redesign Decision Guide 3

When? Starting May 21, 2018, you will be able to select

investments in the new investment lineup at Fidelity.

Mutual fund account balances will map to Fidelity based on a mapping strategy in January 2019. Note: Annuity accounts at TIAA and VALIC will not transfer to Fidelity unless you initiate a transfer.

Future contributions will be directed to your chosen investments in the new investment lineup at Fidelity beginning in January 2019. If you do not make an investment election in the new investment lineup at Fidelity, your contributions will be directed to the appropriate age-based Vanguard Target Retirement Date Fund.

What do I need to do? Review investment options in the new investment

lineup at Fidelity and direct where future contributions will be invested prior to January 2019.

Review the Investment Option Mapping Strategy for account balances and move your balances prior to December 2018 if you do not want your balances mapped according to the mapping strategy described in this guide.

Meet with a Fidelity representative to get help. Call Fidelity at 1-800-823-0172 to schedule an appointment or to get help and advice on investing.

Update your beneficiaries. If you have an account that is administered by Vanguard, TIAA or VALIC, the beneficiary data will not transfer to Fidelity. You will need to update your beneficiary information with Fidelity.

Where can I get help? Get more information online at hr.duke.edu/

retirementredesign.

Call Fidelity at 1-800-823-0172 to speak to a Fidelity representative to get help and advice on investing over the phone.

Set up a one-on-one appointment with a Fidelity representative at fidelity.com/reserve or call 1-800-823-0172.

Things you might want to know Financial Fitness Week is May 21 – May 24.

There will be information sessions about the plan redesign, selecting investments and the self-directed brokerage account. Visit hr.duke.edu/ffw for additional information.

Annuity accounts at TIAA and VALIC will not move to Fidelity automatically but you can transfer these at any time, subject to any restrictions described in the annuity contract.

A new loan program with Fidelity will be introduced in 2019. If you have a current loan with TIAA or VALIC you should continue to repay the loan as normal. Additional information about the new loan program will be provided later in the year.

To ensure that all information is transferred accurately for your Duke Retirement Plan, there will be a period of time in January 2019 when you will be unable to direct or change investments in your individual account, obtain a loan or obtain a new distribution, if eligible, from the Plan. This time during which you will be unable to do transactions in the Plan is called a “blackout period”. A typical blackout period is 7-14 business days. Additional information will be provided closer to the date of transition of assets to Fidelity.

Key actions

Make decision about your investments

Meet with a Fidelity representative

Update Beneficiaries


Starting May 21, you will have the opportunity to choose investments from the new investment lineup at Fidelity. All future contributions will be directed to Fidelity in January 2019.

You can choose the option that best suits your needs for your future contributions.

Option 1: If you are a Fidelity participant, select investments for future contributions from the new investment lineup

If you already have a Fidelity account and are directing contributions to Fidelity, your elections in the new investment lineup will be effective immediately following your investment election.

In January 2019, all contributions will be directed to the appropriate age-based target date fund if you have not made investment elections in the new investment lineup or you have elections at Fidelity that are not in the new investment lineup.

Option 2: Direct contributions to Fidelity and invest in the new investment lineup before January

You can redirect your contributions to Fidelity before January by making a vendor election change online. For information regarding how to make a vendor election change to your contributions, please visit hr.duke.edu/retirementmanager.

Contributions and elections to the new investment lineup at Fidelity will be effective with the first contribution made to your account following your vendor change and investment election.

Option 3: Take no action

In January 2019, all contributions will be directed to the appropriate age-based target date fund provided you have not made investment elections in the new investment lineup or you have elections at Fidelity that are not in the new investment lineup.

After your future contributions are redirected in January 2019, you will have the ability to change your investment options through Fidelity at any time.

To make your investment elections call Fidelity at 800-823-0172 or go to fidelity.com/duke.

What are my options to direct future contributions?


All mutual fund account balances will be transferred to the new investment lineup in January 2019. Your eligible balance will transfer according to the predetermined investment option mapping strategy described in this guide. Prior to when the mapping occurs, you can make changes to your current balances with your current provider.

Mutual fund account balances in the closing investment options held at Fidelity, TIAA, VALIC and Vanguard will be affected. Annuities held at TIAA and VALIC will remain at TIAA or VALIC unless you initiate an individual transfer of assets.

In addition, closing investment options at Fidelity and Vanguard may be eligible for an optional one-time transfer in-kind to a self-directed brokerage account. A transfer in-kind means your holdings will not be bought or sold; your holdings will simply transfer to your self-directed brokerage account. Contact Fidelity to discuss this option at 800-823-0172.

You can choose the option that best suits your needs for your account balances.

Option 1: Move your current account balance to Fidelity and invest in the new investment lineup before January

Contact Fidelity at 800-823-0172 for instructions and the necessary paperwork for a plan-to-plan transfer.

If you already have a Fidelity account, you may move your current investments to the new investment lineup.

Contributions will continue to be directed to your current provider(s) until January 2019, unless you direct otherwise.

Option 2: Make changes to your current account balance before January

Review how your balances will map to the new investment lineup and make any changes with your current provider. Keep in mind, mutual fund balances held in any closing investment option will be mapped to the new investment lineup at Fidelity.

Option 3: Take advantage of the optional one-time transfer in-kind to a self-directed brokerage account before January

Opening a self-directed brokerage account between May 21 and December 2018 will serve as your request to participate in the optional one-time transfer in-kind of all your eligible Fidelity and Vanguard mutual fund account balances to the self-directed brokerage account at Fidelity.

Investments in the self-directed brokerage account are not monitored by Duke’s Investment Advisory Committee or any fiduciary of the plan. You are solely responsible for assessing whether these investments are suitable for your retirement savings needs.

Be sure to refer to the additional considerations about transfer “in-kind” to the self-directed brokerage account on page 11.

Contact Fidelity to discuss this option at 800-823-0172.

Option 4: Take no action

Your eligible account balances will be transferred to the new investment lineup at Fidelity per the investment option mapping strategy described in this guide in January 2019.

After your balances are transferred in January 2019, you will have the ability to change your investment options through Fidelity at any time.

Note: If you have an account balance in the annuity accounts at TIAA or VALIC, these will remain at TIAA and VALIC. These are in individually owned contracts and only you can transfer the assets to Fidelity. Additional contributions will not be allowed to the frozen annuity platform effective January 2019.

What are my options for my account balances?


Current accounts at Fidelity

In January 2019, all account balances in the closing investment options at Fidelity will be transferred to the new investment lineup, according to the investment option mapping strategy described in this guide.

If you would like to keep investments that are not included in the new investment lineup, these mutual funds may be eligible to be transferred in-kind to the same fund(s) within a self-directed brokerage account. If you want to choose this option, you must set up a self-directed brokerage account by December 2018 to participate in the optional one-time transfer in-kind of existing investment options. See additional details regarding the optional one-time transfer in-kind on page 11.

If you do not want your account balances to transfer according to the investment option mapping strategy, contact Fidelity to initiate a transfer to the investments of your choice in the new investment lineup by December 2018. If you do not want your new contributions to be invested according to the mapping strategy, contact Fidelity to change your investment selections and transfer your existing balances by December 2018. Keep in mind, all closing investment options will transfer to the new investment lineup at Fidelity.

Current accounts at TIAA In January 2019, all mutual fund balances in the closing investment options at TIAA will be transferred to the new investment lineup, according to the investment option mapping strategy described in this guide.

If you do not want your TIAA mutual fund balances to transfer according to the investment option mapping strategy, you can request a change to your balance at TIAA by December 2018 or transfer balances to Fidelity. Keep in mind, all closing mutual fund options will transfer to the new investment lineup at Fidelity.

TIAA annuity account balances that will not transfer unless you initiate a transfer request are:

Contact TIAA to discuss any questions you have about the annuity products. Remember that some annuity products may have penalties or restrictions on transfer.

Note: Annuity and mutual fund options held at TIAA are not eligible for a transfer-in-kind to the self-directed brokerage account.

Contributions starting in January

If you do not select investment options from the new investment lineup, your contributions (both payroll deductions and Duke’s contributions) will be directed to Fidelity and invested in the appropriate age-based Vanguard Target Retirement Date Fund in January 2019.

CREF Stock TIAA Real Estate CREF Money Market CREF Social Choice CREF Bond Market CREF Global Equities CREF Growth

CREF Equity Index CREF Inflation-Linked

Bond TIAA Traditional

(Retirement Annuity and Group Supplemental Retirement Annuity)

How do these changes affect my account?


Current accounts at VALIC In January 2019, all mutual fund balances in the closing investment options at VALIC will be transferred to the new investment lineup, according to the investment option mapping strategy described in this guide.

If you do not want your mutual fund balances to transfer according to the investment option mapping strategy, you can request a change to your balance at VALIC by December 2018 or transfer balances to Fidelity. Keep in mind, all closing mutual fund options will transfer to the new investment lineup at Fidelity.

VALIC annuity account balances that will not transfer unless you initiate a transfer request are:

Aggressive Growth Lifestyle

Am Beac Holland Lg Cap Growth

Ariel Appreciation Fund

Ariel Fund

Asset Allocation Fund

Blue Chip Growth Fund

Broad Cap Value Inc

Capital Appreciation Fund

Capital Conservation

Conservative Growth Lifestyle

Core Bond Fund

Core Equity Fund

Dividend Value

Emerging Economies

Fixed Account Plus

Foreign Value

Global Social Awareness Fund

Global Strategy

Government Money Market I

Government Money Market II

Government Securities Fund

Growth & Income Fund

Growth Fund

Health Sciences Fund

High Yield Bond Fund

International Government Bond

International Growth Fund

International Equities Index Fund

Intl Opportunities

Large Cap Value Fund

Large Capital Growth

Mid Cap Growth Fund

Mid Cap Index Fund

Mid Cap Strategic Growth

Mid Cap Value Fund

Moderate Growth Lifestyle

Multi-Year Enhanced Fixed 3Yr

Nasdaq-100(R) Index Fund

Science & Technology Fund

Short Term Fixed Account

Small Cap Aggressive Growth

Small Cap Fund

Small Cap Growth Fund

Small Cap Index Fund

Small Cap Special Value Fund

Small Cap Value Fund

Small Mid Growth Fund

Socially Responsible Fund

Stock Index Fund

Strategic Bond Fund

Value Fund

Vanguard Lifestrategy Conservative

Vanguard Lifestrategy Growth

Vanguard Lifestrategy Moderate

Vanguard Long-Term Treasury

Vanguard Lt Inv-Grade Fund

Vanguard Wellington Fund Inc

Contact VALIC to discuss any questions you have about their annuity products. Remember that some annuity products may have penalties or restrictions on transfer.

Note: Annuity and mutual fund options held at VALIC are not eligible to transfer-in-kind to the self-directed brokerage account.

Current accounts at Vanguard In January 2019, all account balances in the closing investment options at Vanguard will be transferred to the new investment lineup, according to the investment option mapping strategy described in this guide.

If you would like to keep investments that are not in the new investment lineup, these mutual funds may be eligible to be transferred in-kind to the same fund(s) within a self-directed brokerage account. If you want to choose this option, you must set up a self-directed brokerage account at Fidelity by December 2018 to participate in the one-time transfer in-kind of existing investment options. See additional details regarding the optional one-time transfer in-kind option on page 11.

If you do not want your account balances to transfer according to the investment option mapping strategy, you can request a change to your balance at Vanguard by December 2018 or transfer balances to Fidelity. Keep in mind, all closing investment options will transfer to the new investment lineup at Fidelity.


Duke’s Investment Advisory Committee (IAC) selected the new investment lineup. The role of the Investment Advisory Committee is to ensure that you have access to quality investment options at the lowest reasonable cost. The IAC is comprised of key Duke University and Duke University Health System administrators and faculty who work closely with expert consultants who specialize in investment management. The IAC has chosen a group of funds they will continue to regularly monitor to ensure that they remain appropriate investment options for Duke’s plan.

To make the new investment lineup easier to navigate, investments continue to be grouped into three tiers. Funds in Tier 1 and Tier 2 have been specifically selected by the IAC for the Faculty and Staff Retirement Plan based on their suitability for use in a diversified retirement savings portfolio and their competitive expense level. These funds are benchmarked annually to ensure that their performance and cost remain competitive. Funds in Tier 1 and 2 are monitored regularly by the IAC. Tier 3 offers a self-directed brokerage account for investors who wish to use funds that are outside of the monitored options. Investments you select through the Tier 3 brokerage account are not monitored by the IAC.

Tier 1: Target Date Funds for a ready made portfolio The Vanguard Retirement Target Date fund series is currently offered across all retirement service providers. The Vanguard Retirement Target Date fund series will continue to be the plan’s Tier 1 funds at Fidelity. These funds are designed for investors expecting to retire around the year indicated in each fund’s name. A Target Date Fund is invested in a portfolio of mutual funds that automatically becomes more conservative as the fund approaches its target retirement date and beyond. Principal invested is not guaranteed. These funds are chosen and monitored by the IAC.

Tier 2: Core Funds to build your own portfolio Duke’s IAC, with the assistance of an investment advisory firm, carefully selected the core investment options, which include some existing funds as well as new funds, that reflect all major asset classes and includes short-term investments, bonds, and stocks. Each fund offered is priced at the lowest share class available for the particular fund. The new investment lineup allows you to customize and build a portfolio your way. These funds are chosen and monitored by the IAC.

New investment lineup at Fidelity


Duke’s New Investment Lineup – Tier 1 and Tier 2

Asset Class Fund Name Ticker

TIAA Traditional Annuity will continue to be available for future contributions in January 2019 on TIAA’s platform.

Tier 1

Target date fund Vanguard Target Retirement Income VITRX

Vanguard Target Retirement 2015 Fund VITVX

Vanguard Target Retirement 2020 Fund VITWX

Vanguard Target Retirement 2025 Fund VRIVX

Vanguard Target Retirement 2030 Fund VTTWX

Vanguard Target Retirement 2035 Fund VITFX

Vanguard Target Retirement 2040 Fund VIRSX

Vanguard Target Retirement 2045 Fund VITLX

Vanguard Target Retirement 2050 Fund VTRLX

Vanguard Target Retirement 2055 Fund VIVLX

Vanguard Target Retirement 2060 Fund VILVX

Vanguard Target Retirement 2065 Fund VSXFX

Tier 2

Money Market Vanguard Federal Money Market Investor VMFXX

Fixed Interest Account VALIC Fixed Interest Option N/A

Intermediate-Term Bond Vanguard Total Bond Market Index I VBTIX

Metropolitan West Total Return Bd Plan MWTSX

Multisector Bond PIMCO Income Instl PIMIX

Large Value MFS® Value R6 MEIKX

Vanguard Equity-Income Adm VEIRX

Large Blend Vanguard Institutional Index Instl Pl VIIIX

Vanguard FTSE Social Index Instl VFTNX

Large Growth Vanguard PRIMECAP Adm VPMAX

Fidelity® Contrafund® K6 FLCNX

T. Rowe Price Growth Stock I PRUFX

Mid-Cap Value American Century Mid Cap Value R6 AMDVX

MFS® Mid Cap Value R6 MVCKX

Mid-Cap Blend Vanguard Extended Market Index Instl Plus VEMPX

Fidelity® Low-Priced Stock K6 FLKSX

Mid-Cap Growth MassMutual Select Mid Cap Growth I MEFZX

Foreign Large Blend Vanguard Total Intl Stock Index I VTSNX

American Funds Europacific Growth R6 RERGX

Foreign Large Growth Vanguard International Growth Adm VWILX

Foreign Small/Mid Blend Fidelity® International Small Cap FISMX

Small Value Goldman Sachs Small Cap Value R6 GSSUX

Fidelity® Small Cap Value FCPVX

Small Growth Janus Henderson Triton N JGMNX

Fidelity® Small Cap Growth K6 FOCSX

Diversified Emerging Mkts Vanguard Emerging Mkts Stock Idx Instl VEMIX

Real Estate Vanguard REIT Index Institutional VGSNX


Tier 3: Self-directed brokerage account (BrokerageLink®) Fidelity BrokerageLink® is a self-directed brokerage account that gives participants access to thousands of mutual funds from many different mutual fund companies.

A self-directed brokerage account is essentially a do-it-yourself option that is designed for investors who desire more choice of investments. When you direct contributions to a self-directed brokerage account, your investments are allocated to mutual funds apart from those available in the plan. This option offers participants a broad range of mutual fund options, but may require more time to assess, monitor, and manage your chosen funds. If you do not feel comfortable actively managing a portfolio of investments, then a self-directed brokerage account may not be appropriate for you.

The investments available through BrokerageLink® are not monitored by the Duke Investment Advisory Committee. It is your responsibility to ensure the investments you select are suitable for your situation, including your goals, time horizon, and risk tolerance.

Self-directed brokerage investments may consist only of mutual funds due to regulations that limit investment choices in 403(b) plans to fixed/variable annuities and mutual funds.

Additional fees may apply for a brokerage account, including transaction fees and brokerage commissions for some transactions. For complete information regarding brokerage fees, please refer to the Fidelity BrokerageLink® fact sheet and commission schedule. Copies of these materials are available at hr.duke.edu/retirementredesign or by calling 800-823-0172.

In order to open a self-directed brokerage account, you will need to complete a BrokerageLink® application either online at fidelity.com/duke or by paper form. If submitting a paper application, refer to the fact sheet for information to help you with the Account Setup section of the Fidelity BrokerageLink® Participant Acknowledgment Form.

Note: Opening a self-directed brokerage account between May 21 and December 2018 will serve as your request to participate in the optional one-time transfer in-kind of all your eligible Fidelity and Vanguard mutual fund account balances to your self-directed brokerage account. See additional details regarding the optional one-time transfer in-kind option on page 11.


You have the option to transfer in-kind all of your eligible Fidelity or Vanguard balances that are not in the new investment lineup into the same fund(s) in a self-directed brokerage account. An in-kind balance transfer means your holdings will not be bought or sold; your holdings will simply transfer to your self-directed brokerage account. This is a one-time transfer in-kind available to Fidelity and Vanguard eligible mutual funds only and will apply to all Plan balances at Fidelity and Vanguard. Mutual funds with institutional share classes are not offered in the self-directed brokerage account and are not eligible for a transfer in-kind. However, as part of the transfer, the institutional share class may be liquidated and reinvested in the retail share class within the self-directed brokerage account.

To take advantage of the one-time transfer in-kind to a self-directed brokerage account, you must open a Fidelity BrokerageLink® account no later than December 2018. Doing so will serve as your request to transfer in-kind all of your eligible balances in mutual funds at Fidelity and Vanguard into your self-directed brokerage account at Fidelity. For assistance establishing a self-directed brokerage account, please contact Fidelity at 800-823-0172 or visit fidelity.com/duke.

TIAA and VALIC do not permit in-kind transfers into the self-directed brokerage account at Fidelity. To transfer balances from TIAA or VALIC to the Fidelity self-directed brokerage account, please contact the Fidelity team at 800-823-0172 to arrange the transfer. Contact Fidelity at 800-823-0172 for instructions and the necessary paperwork for a plan-to-plan transfer.

Optional one-time transfer in-kind to a self-directed brokerage account

Retirement plan feesDuke’s Investment Advisory Committee oversees the fees and plan expenses and strives to ensure that faculty and staff pay competitive fees for the investments and services provided.

The cost to operate a retirement plan has been historically paid for by the revenue generated by the investments in the plan and has been layered into the expense ratio of the funds. As part of this plan redesign, the fees for plan expenses will no longer be layered into the expense ratios of the funds so that funds may be offered at the lowest reasonable cost. Instead all participants in the plan will have an administration fee deducted from their plan account each quarter to cover the cost of operating the plan. This will make it easier for you to determine how much you are paying in administrative fees. Depending on your balance and investments, this fee could be lower or higher than what you currently pay. If your plan balance is below $5,000, a $6.25 fee per quarter ($25 annually)

will apply. If your plan balance is over $5,000, a fee of approximately $13.50 fee per quarter ($54 annually) will apply. This charge helps pay expenses for the call center, educational communications, group and individual meetings, the plan’s website, and more. The fee will be deducted pro rata from all investments in your account.

This will not only make the cost of investing easier to understand but it also allows the plan to offer lower-cost investment options that can reduce the overall cost of the plan for participants. Investing in funds with lower expense ratios means that more of what your money earns stays in your account, where it could increase over the years through compounding.

Note: This change in fees does not apply to the frozen accounts at TIAA or VALIC. Please review the hr.duke.edu/feedisclosure for current fees on these products.


1. Mapping to the Same Fund – If the same fund that is currently offered at Fidelity, TIAA, VALIC or Vanguard is available in the new investment lineup at Fidelity then account balances will be transferred in-kind to the same fund on the Fidelity platform. Opening a self-directed brokerage account is not necessary for this mapping scenario.

2. Mapping to a Similar Fund - If the same fund is not available but a similar or comparable fund is available, the fund will be mapped to the comparable fund in the new investment lineup at Fidelity.

3. Mapping to a Default Fund – If the same or similar fund is not available, then the fund balance will be mapped to the appropriate age-based Vanguard Target Retirement Date Fund at Fidelity (based on the year the employee turns age 65).

Note:

Funds that are not available in the new investment lineup may be available in the self-directed brokerage account. To arrange a transfer to the self-directed brokerage account please contact Fidelity at 800-823-0172.

To ensure that all information is transferred accurately for your 403(b) Plan, there will be a period of time in January 2019 when you will be unable to direct or change investments in your individual account, obtain a loan or obtain a new distribution, if eligible, from the Plan. This time during which you will be unable to exercise your rights in the Plan is called a “blackout period”. A typical blackout period is 7-14 business days. Additional information will be provided close to the transition of assets to Fidelity.

For example, if Mary has 100% of her balance in the Vanguard Target Retirement 2040 Fund at Vanguard, then this exact same fund will transfer in-kind to the Vanguard Target Retirement 2040 Fund at Fidelity.

The only change is the record-keeper. Mary will not be “out of the market” during this transfer and nothing will change with her account other than she will receive account statements from Fidelity now and not receive statements from Vanguard. She could log onto Fidelity’s website fidelity.com/duke to view her account at any time after the transfer is complete.

For example, if Bill has the Dreyfus Bond Market Index (DBIRX) fund at VALIC, then his account balance that is invested in this fund would be mapped to the comparable fund, the Vanguard Total Bond Market Index (VBTIX) at Fidelity.

Bill would see the total balance of his Dreyfus Bond Market Index liquidated on the transfer date, then that balance used to purchase new shares of the Vanguard Total Bond Market Index Fund at Fidelity. Bill would be “out of the market” one business day as the funds are transferred from VALIC to Fidelity. Bill could log onto Fidelity’s website fidelity.com/duke to view his account at any time after the transfer is complete.

For example, Sara has the Vanguard Health Care Adm (VGHAX) at Vanguard. This fund does not have a similar or comparable fund in the new investment lineup. Sara’s balance in the Vanguard Health Care Adm fund would be mapped to the appropriate age based Vanguard Target Date Fund at Fidelity.

Sara would see the total balance of her Vanguard Health Care Adm fund liquidated on the transfer date, then that balance used to purchase new shares of the appropriate Vanguard Target Date Fund at Fidelity. Sara would be “out of the market” one business day as the funds are transferred from Vanguard to Fidelity. Sara could log onto Fidelity’s website fidelity.com/duke to view her account at any time after the transfer is complete.

How balances will transfer in January 2019: Investment option mapping strategyIf you take no action to transfer balances by December 2018 then your balances will be transferred to funds in the new investment lineup according to the investment option mapping strategy. There are three scenarios that will occur during Duke’s mapping to the new investment lineup on the Fidelity platform:

Contributions starting in JanuaryIf you do not select investment options from the new investment lineup, your contributions (both payroll deductions and Duke’s contributions) will be directed to Fidelity and invested in the appropriate age-based Vanguard Target Retirement Date Fund in January 2019.


Ticker Ticker

Mapping details for current Fidelity investment optionsNo changes to current investment options at Fidelity

Balances and investment elections in these options will remain the same.

Fund Name

American Century Mid Cap Value R6** AMDVX

American Funds Europacific Growth R6** RERGX

Fidelity® Contrafund® K6 FLCNX

Fidelity® International Small Cap FISMX

Fidelity® Low-Priced Stock K6 FLKSX

Fidelity® Small Cap Growth K6 FOCSX

Fidelity® Small Cap Value FCPVX

Goldman Sachs Small Cap Value R6 GSSUX

Janus Henderson Triton N JGMNX

MassMutual Select Mid Cap Growth I** MEFZX


MFS® Mid Cap Value R6** MVCKX

MFS® Value R6 MEIKX

PIMCO Income Instl * PIMIX

T. Rowe Price Growth Stock I** PRUFX

VALIC Fixed Interest Option** N/A

Vanguard Emerging Mkts Stock Idx Instl** VEMIX

Vanguard Equity-Income Fund Admiral Shares** VEIRX

Vanguard Extended Market Index InstlPlus** VEMPX

Vanguard Federal Money Market Investor VMFXX

Vanguard FTSE Social Index I** VFTNX

Vanguard Institutional Index Instl Pl** VIIIX

Vanguard Institutional Target Retirement VITVX 2015 Institutional

Vanguard Institutional Target Retirement VITWX 2020 Institutional

Vanguard Institutional Target Retirement VRIVX 2025 Institutional

Vanguard Institutional Target Retirement VTTWX 2030 Institutional

Vanguard Institutional Target Retirement VITFX 2035 Institutional

Vanguard Institutional Target Retirement VIRSX 2040 Institutional

Vanguard Institutional Target Retirement VITLX 2045 Institutional

Vanguard Institutional Target Retirement VTRLX 2050 Institutional

Vanguard Institutional Target Retirement VIVLX 2055 Institutional

Vanguard Institutional Target Retirement VILVX 2060 Institutional

Vanguard Institutional Target Retirement VSXFX 2065 Institutional

Vanguard Institutional Target Retirement Inc VITRX Institutional

Vanguard International Growth Adm** VWILX

Vanguard PRIMECAP Fund Admiral Shares** VPMAX

Vanguard REIT Index Institutional ** VGSNX

Vanguard Total Bond Market Index I ** VBTIX

Vanguard Total Intl Stock Index I ** VTSNX

Fund Name

* Not available until April 19, 2018 or thereafter.

** Not available until May 21, 2018 or thereafter.


Deutsche Core Equity R6 SUWZX Vanguard Institutional Index Instl Pl VIIIX

Deutsche CROCI® Equity Dividend R6 KDHTX MFS® Value R6 MEIKX

Deutsche CROCI® International R6 SUIRX American Funds Europacific Growth R6 RERGX

Deutsche Emerging Markets Equity Instl SEKIX Vanguard Emerging Mkts Stock Idx Instl VEMIX

Deutsche Emerging Markets Fixed Inc Inst SZEIX PIMCO Income Instl PIMIX

Deutsche Global Income Builder R6 KTRZX Vanguard Institutional Target Retirement various Date Fund, based on age

Deutsche Global Small Cap R6 KGDZX Vanguard Institutional Target Retirement various Date Fund, based on age

Deutsche GNMA Institutional GIGGX Metropolitan West Total Return Bd Plan MWTSX

Deutsche High Conviction Global Bd S SSTGX PIMCO Income Instl PIMIX

Deutsche International Growth Inst SGQIX Vanguard Institutional Target Retirement various Date Fund, based on age

Deutsche Large Cap Focus Growth Instl SGGIX Fidelity® Contrafund® K6 FLCNX

Deutsche Latin America Equity S SLAFX Vanguard Institutional Target Retirement various Date Fund, based on age

Deutsche Mid Cap Value Institutional MIDIX MFS® Mid Cap Value R6 MVCKX

Deutsche S&P 500 Index R6 SXPRX Vanguard Institutional Index Instl Pl VIIIX

Deutsche Total Return Bond Institutional SZIIX Metropolitan West Total Return Bd Plan MWTSX

Fidelity Advisor® Stock Sel All Cp K FSSKX Fidelity® Contrafund® K6 FLCNX

Fidelity Advisor® Value Strategies K FVSKX MFS® Value R6 MEIKX

Fidelity Asset Manager® 20% FASIX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity Asset Manager® 30% FTANX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity Asset Manager® 40% FFANX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity Asset Manager® 50% FASMX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity Asset Manager® 60% FSANX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity Asset Manager® 70% FASGX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity Asset Manager® 85% FAMRX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® 500 Index Institutional FXSIX Vanguard Institutional Index Instl Pl VIIIX

Fidelity® Balanced K FBAKX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Blue Chip Growth K6 FBCGX Fidelity® Contrafund® K6 FLCNX

Fidelity® Blue Chip Value FBCVX MFS® Value R6 MEIKX

Fidelity® Canada FICDX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Capital & Income FAGIX PIMCO Income Instl PIMIX

Fidelity® Capital Appreciation K FCAKX Fidelity® Contrafund® K6 FLCNX

Fidelity® China Region FHKCX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Conservative Income Bond Instl FCNVX Vanguard Federal Money Market VMFXX

Fidelity balances mapping to a similar fund or the appropriate age-based Vanguard Target Retirement Fund (as noted) through Fidelity

Ticker Closing Investment Option Ticker New Investment Option


Fidelity® Convertible Securities FCVSX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Corporate Bond FCBFX Metropolitan West Total Return Bd Plan MWTSX

Fidelity® Disciplined Equity K FDEKX Vanguard Institutional Index Instl Pl VIIIX

Fidelity® Diversified Intl K6 FKIDX Vanguard International Growth Adm VWILX

Fidelity® Dividend Growth K FDGKX Vanguard Institutional Index Instl Pl VIIIX

Fidelity® EMEA FEMEX Vanguard Emerging Mkts Stock Idx Instl VEMIX

Fidelity® Emerging Asia FSEAX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Emerging Markets K FKEMX Vanguard Emerging Mkts Stock Idx Instl VEMIX

Fidelity® Equity Dividend Income K FETKX MFS® Value R6 MEIKX

Fidelity® Equity-Income K FEIKX MFS® Value R6 MEIKX

Fidelity® Europe FIEUX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Export and Multinational K FEXKX Vanguard Institutional Index Instl Pl VIIIX

Fidelity® Extended Market Index Premium FSEVX Vanguard Extended Market Index InstlPlus VEMPX

Fidelity® Floating Rate High Income FFRHX PIMCO Income Instl PIMIX

Fidelity® Focused High Income FHIFX PIMCO Income Instl PIMIX

Fidelity® Focused Stock FTQGX Fidelity® Contrafund® K6 FLCNX

Fidelity® Four-in-One Index FFNOX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Global Balanced FGBLX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Global Commodity Stock FFGCX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Global Credit FGBFX PIMCO Income Instl PIMIX

Fidelity® Global Equity Income FGILX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Global High Income FGHNX PIMCO Income Instl PIMIX

Fidelity® Global Strategies FDYSX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® GNMA FGMNX Metropolitan West Total Return Bd Plan MWTSX

Fidelity® Government Income FGOVX Metropolitan West Total Return Bd Plan MWTSX

Fidelity® Growth & Income K FGIKX Vanguard Institutional Index Instl Pl VIIIX

Fidelity® Growth Company K FGCKX Fidelity® Contrafund® K6 FLCNX

Fidelity® Growth Discovery K FGDKX Fidelity® Contrafund® K6 FLCNX

Fidelity® Growth Strategies K6 FSKGX MassMutual Select Mid Cap Growth I MEFZX

Fidelity® High Income SPHIX PIMCO Income Instl PIMIX

Fidelity® Independence K FDFKX Fidelity® Contrafund® K6 FLCNX

Fidelity® Inflation-Prot Bd Idx Prem FSIYX Vanguard Total Bond Market Index I VBTIX

Fidelity® Inflation-Protected Bond FINPX Metropolitan West Total Return Bd Plan MWTSX

Fidelity® Intermediate Bond FTHRX Metropolitan West Total Return Bd Plan MWTSX

Fidelity® Intermediate Government Income FSTGX Metropolitan West Total Return Bd Plan MWTSX

Fidelity® Intermediate Trs Bd Idx Prem FIBAX Vanguard Total Bond Market Index I VBTIX

Fidelity® International Discovery K FIDKX Vanguard International Growth Adm VWILX

Fidelity® International Enhanced Index FIENX American Funds Europacific Growth R6 RERGX

Fidelity® International Growth FIGFX Vanguard International Growth Adm VWILX

Fidelity® International Index Instl FSPNX Vanguard Total Intl Stock Index I VTSNX

Fidelity® International Small Cap Opp FSCOX Fidelity® International Small Cap FISMX



Fidelity® International Value FIVLX American Funds Europacific Growth R6 RERGX

Fidelity® Intl Cptl Apprec K6 FAPCX Vanguard International Growth Adm VWILX

Fidelity® Intl Real Estate FIREX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Investment Grade Bond FBNDX Metropolitan West Total Return Bd Plan MWTSX

Fidelity® Japan FJPNX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Japan Smaller Companies FJSCX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® K FFDKX Fidelity® Contrafund® K6 FLCNX

Fidelity® Large Cap Core Enhanced Index FLCEX Vanguard Institutional Index Instl Pl VIIIX

Fidelity® Large Cap Growth Enhanced Idx FLGEX Fidelity® Contrafund® K6 FLCNX

Fidelity® Large Cap Stock K6 FCLKX Vanguard Institutional Index Instl Pl VIIIX

Fidelity® Large Cap Value Enhanced Index FLVEX MFS® Value R6 MEIKX

Fidelity® Latin America FLATX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Leveraged Company Stock K FLCKX MassMutual Select Mid Cap Growth I MEFZX

Fidelity® Limited Term Government FFXSX VALIC Fixed Interest Option —

Fidelity® Long-Term Treasury Bd Idx Prem FLBAX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Magellan® K FMGKX Fidelity® Contrafund® K6 FLCNX

Fidelity® Mega Cap Stock FGRTX Vanguard Institutional Index Instl Pl VIIIX

Fidelity® Mid Cap Enhanced Index FMEIX Vanguard Extended Market Index InstlPlus VEMPX

Fidelity® Mid Cap Value FSMVX MFS® Mid Cap Value R6 MVCKX

Fidelity® Mid Cap Value K6 FCMVX MassMutual Select Mid Cap Growth I MEFZX

Fidelity® Mortgage Securities FMSFX Metropolitan West Total Return Bd Plan MWTSX

Fidelity® NASDAQ Composite Index® FNCMX Fidelity® Contrafund® K6 FLCNX

Fidelity® New Markets Income FNMIX PIMCO Income Instl PIMIX

Fidelity® New Millennium FMILX Fidelity® Contrafund® K6 FLCNX

Fidelity® Nordic FNORX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® OTC K FOCKX Fidelity® Contrafund® K6 FLCNX

Fidelity® Overseas K FOSKX Vanguard International Growth Adm VWILX

Fidelity® Pacific Basin FPBFX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Puritan® K FPUKX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Real Estate Income FRIFX Vanguard REIT Index Institutional VGSNX

Fidelity® Real Estate Investment Port FRESX Vanguard REIT Index Institutional VGSNX

Fidelity® Select Air Transportation Port FSAIX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Automotive Port FSAVX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Banking FSRBX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Biotechnology FBIOX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Brokerage & Invmt Mgmt FSLBX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Chemicals FSCHX Vanguard Institutional Target Retirement various Date Fund, based on age



Fidelity® Select Comms Equip Port FSDCX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Computers FDCPX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Construction & Hsg Port FSHOX MassMutual Select Mid Cap Growth I MEFZX

Fidelity® Select Consumer Discret Port FSCPX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Consumer Finance Port FSVLX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Consumer Staples Port FDFAX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Defense & Aero Port FSDAX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Energy FSENX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Energy Service Port FSESX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Envir and Alt Engy Port FSLEX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Financial Services Port FIDSX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Gold FSAGX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Health Care FSPHX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Health Care Svcs Port FSHCX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Industrials FCYIX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Insurance Port FSPCX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select IT Services FBSOX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Leisure FDLSX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Materials FSDPX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Medical Tech and Devcs FSMEX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Multimedia FBMPX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Natural Gas FSNGX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Natural Resources Port FNARX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Pharmaceuticals Port FPHAX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Retailing FSRPX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Semiconductors FSELX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Software & IT Svcs Port FSCSX Vanguard Institutional Target Retirement various Date Fund, based on age



Fidelity® Select Technology FSPTX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Telecommunications Port FSTCX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Transportation FSRFX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Utilities FSUTX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Select Wireless FWRLX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Short-Term Bond FSHBX VALIC Fixed Interest Option —

Fidelity® Shrt-Term Trs Bd Idx Prm FSBAX VALIC Fixed Interest Option —

Fidelity® Small Cap Discovery FSCRX Vanguard Extended Market Index InstlPlus VEMPX

Fidelity® Small Cap Enhanced Index FCPEX Vanguard Extended Market Index InstlPlus VEMPX

Fidelity® Small Cap Stock K6 FKICX Vanguard Extended Market Index InstlPlus VEMPX

Fidelity® Stk Selec Lg Cp Val FSLVX MFS® Value R6 MEIKX

Fidelity® Stock Selector Mid Cap FSSMX MassMutual Select Mid Cap Growth I MEFZX

Fidelity® Stock Selector Small Cap FDSCX Vanguard Extended Market Index InstlPlus VEMPX

Fidelity® Strategic Dividend & Income® FSDIX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Strategic Income FSICX PIMCO Income Instl PIMIX

Fidelity® Strategic Real Return FSRRX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Telecom and Utilities FIUIX Vanguard Institutional Target Retirement various Date Fund, based on age

Fidelity® Total Bond K6 FTKFX Metropolitan West Total Return Bd Plan MWTSX

Fidelity® Total International Equity FTIEX Vanguard International Growth Adm VWILX

Fidelity® Total Market Index Instl FSKTX Vanguard Institutional Index Instl Pl VIIIX

Fidelity® Trend FTRNX Fidelity® Contrafund® K6 FLCNX

Fidelity® US Bond Index Institutional FXSTX Vanguard Total Bond Market Index I VBTIX

Fidelity® Value Discovery K6 FDVKX MFS® Value R6 MEIKX

Fidelity® Value K FVLKX MFS® Mid Cap Value R6 MVCKX

Fidelity® Worldwide FWWFX Vanguard Institutional Target Retirement various Date Fund, based on age

Harbor International Retirement HNINX American Funds Europacific Growth R6 RERGX

Oppenheimer Developing Markets I ODVIX Vanguard Emerging Mkts Stock Idx Instl VEMIX

Prudential Jennison Mid-Cap Growth Q PJGQX MassMutual Select Mid Cap Growth I MEFZX

Strategic Advisers® Core Inc Multi-Mgr FWHBX Metropolitan West Total Return Bd Plan MWTSX

Strategic Advisers® Emg Mkts Fd of Fds FLILX Vanguard Emerging Mkts Stock Idx Instl VEMIX

Strategic Advisers® Inc Opps Fd of Fds FSADX PIMCO Income Instl PIMIX

Strategic Advisers® Intl Multi-Mgr FMJDX American Funds Europacific Growth R6 RERGX

Strategic Advisers® S-M Cp Multi-Mgr FNAPX Janus Henderson Triton N JGMNX

Virtus Ceredex Mid-Cap Value Equity R6 SMVZX MFS® Mid Cap Value R6 MVCKX



Mapping details for current TIAA investment options

Balances that will remain at TIAA TIAA annuity investments that will not move unless you initiate a transfer request include:

Ticker Fund Name

American American Funds Europacific Growth R6 RERGX


MassMutual Select Mid Cap Growth I* MEFZX


Vanguard Institutional Target Retirement 2015 Institutional VITVX

Vanguard Institutional Target Retirement 2020 Institutional VITWX

Vanguard Institutional Target Retirement 2025 Institutional VRIVX

Vanguard Institutional Target Retirement 2030 Institutional VTTWX

Vanguard Institutional Target Retirement 2035 Institutional VITFX

Vanguard Institutional Target Retirement 2040 Institutional VIRSX

Vanguard Institutional Target Retirement 2045 Institutional VITLX

Vanguard Institutional Target Retirement 2050 Institutional VTRLX

Vanguard Institutional Target Retirement 2055 Institutional VIVLX

Vanguard Institutional Target Retirement 2060 Institutional VILVX

Vanguard Institutional Target Retirement 2065 Institutional VSXFX

Vanguard Institutional Target Retirement Inc Institutional VITRX


American Funds Washington Mutual R5 RWMFX MFS® Value R6 MEIKX

DFA Emerging Markets I DFEMX Vanguard Emerging Mkts Stock Idx Instl VEMIX

Prudential Jennison Growth Z PJFZX Fidelity® Contrafund® K6 FLCNX

TIAA-CREF Equity Index Instl TIEIX Vanguard Institutional Index Instl Pl VIIIX

TIAA-CREF Growth & Income Instl TIGRX Fidelity® Contrafund® K6 FLCNX

TIAA-CREF International Eq Idx Instl TCIEX Vanguard Total Intl Stock Index I VTSNX

TIAA-CREF International Eq Instl TIIEX Vanguard International Growth Adm VWILX

TIAA-CREF Large-Cap Gr Idx Instl TILIX Fidelity® Contrafund® K6 FLCNX

TIAA-CREF Large-Cap Value Idx Inst TILVX MFS® Value R6 MEIKX

TIAA-CREF Large-Cap Value Instl TRLIX MFS® Value R6 MEIKX

TIAA-CREF Mid-Cap Growth Instl TRPWX MassMutual Select Mid Cap Growth I MEFZX

TIAA-CREF Mid-Cap Value Instl TIMVX MFS® Mid Cap Value R6 MVCKX

TIAA-CREF Real Estate Sec Instl TIREX Vanguard REIT Index Institutional VGSNX

TIAA-CREF S&P 500 Index Instl TISPX Vanguard Institutional Index Instl Pl VIIIX

TIAA-CREF Small-Cap Blend Idx Inst TISBX Vanguard Extended Market Index InstlPlus VEMPX

TIAA-CREF Small-Cap Equity Instl TISEX Janus Henderson Triton N JGMNX

TIAA-CREF Social Choice Eq Instl TISCX Vanguard FTSE Social Index I VFTNX

Western Asset Core Plus Bond I WACPX Metropolitan West Total Return Bd Plan MWTSX

TIAA balances mapping to a similar fund or the appropriate age-based Vanguard Target Retirement Fund (as noted) through Fidelity

TIAA Balances Mapping to Same Fund at Fidelity The following investment options at TIAA will move “in-kind” to Fidelity:

CREF Stock TIAA Real Estate CREF Money Market

CREF Social Choice CREF Bond Market CREF Global Equities

CREF Growth CREF Equity Index

CREF Inflation-Linked Bond

TIAA Traditional

* Fund will be added at TIAA on or about May 21, 2018.


AGGRESSIVE GROWTH LIFESTYLE

AM BEAC HOLLAND LG CAP GROWTH

ARIEL APPRECIATION FUND

ARIEL FUND

ASSET ALLOCATION FUND

BLUE CHIP GROWTH FUND

BROAD CAP VALUE INC

CAPITAL APPRECIATION FUND

CAPITAL CONSERVATION

CONSERVATIVE GROWTH LIFESTYLE

CORE BOND FUND

CORE EQUITY FUND

DIVIDEND VALUE

EMERGING ECONOMIES

FIXED ACCOUNT PLUS

FOREIGN VALUE

GLOBAL SOCIAL AWARENESS FUND

GLOBAL STRATEGY

GOVERNMENT MONEY MARKET I

GOVERNMENT MONEY MARKET II

GOVERNMENT SECURITIES FUND

GROWTH & INCOME FUND

GROWTH FUND

HEALTH SCIENCES FUND

HIGH YIELD BOND FUND

INTERNATIONAL GOVERNMENT BOND

INTERNATIONAL GROWTH FUND

INTERNATL EQUITIES INDEX FUND

INTL OPPORTUNITIES

LARGE CAP CORE

LARGE CAP VALUE FUND

LARGE CAPITAL GROWTH

MID CAP GROWTH FUND

MID CAP INDEX FUND

MID CAP STRATEGIC GWTH

MID CAP VALUE FUND

MODERATE GROWTH LIFESTYLE

MULTI-YEAR ENHANCED FIXED 3YR

NASDAQ-100(R) INDEX FUND

SCIENCE & TECHNOLOGY FUND

SHORT TERM FIXED ACCOUNT

SM CAP AGGRESSIVE GWTH

SMALL CAP FUND

SMALL CAP GROWTH FUND

SMALL CAP INDEX FUND

SMALL CAP SPECIAL VALUE FUND

SMALL CAP VALUE FUND

SMALL MID GROWTH FUND

SOCIALLY RESPONSIBLE FUND

STOCK INDEX FUND

STRATEGIC BOND FUND

VALUE FUND

VANGUARD LIFESTRATEGY CONSER

VANGUARD LIFESTRATEGY GROWTH

VANGUARD LIFESTRATEGY MODERA

VANGUARD LONG-TERM TREASURY

VANGUARD LT INV-GRADE FUND

VANGUARD WELLINGTON FUND INC

VANGUARD WINDSOR II

Fund Name

Mapping details for current VALIC investment optionsBalances that will remain at VALIC VALIC annuity investments that will not move unless you initiate a transfer request include:

Ticker Closing Investment Option



VALIC Fixed Interest Option —


Vanguard Institutional Target Retirement 2015 Institutional VITVX

Vanguard Institutional Target Retirement 2020 Institutional VITWX

Vanguard Institutional Target Retirement 2025 Institutional VRIVX

Vanguard Institutional Target Retirement 2030 Institutional VTTWX

Vanguard Institutional Target Retirement 2035 Institutional VITFX

Vanguard Institutional Target Retirement 2040 Institutional VIRSX

Vanguard Institutional Target Retirement 2045 Institutional VITLX

Vanguard Institutional Target Retirement 2050 Institutional VTRLX

Vanguard Institutional Target Retirement 2055 Institutional VIVLX

Vanguard Institutional Target Retirement 2060 Institutional VILVX

Vanguard Institutional Target Retirement 2065 Institutional VSXFX

Vanguard Institutional Target Retirement Inc Institutional VITRX

VALIC balances mapping to same fund at FidelityThe following investment options at VALIC will move “in-kind” to Fidelity:

Fund Name Fund Name


VALIC balances mapping to a similar fund or the appropriate age-based Vanguard Target Retirement Fund (as noted) through Fidelity


American Century Inflation Adjs Bond R5 AIANX Metropolitan West Total Return Bd Plan MWTSX

American Century Mid Cap Value I AVUAX American Century Mid Cap Value R6 AMDVX

American Funds AMCAP R4 RAFEX Fidelity® Contrafund® K6 FLCNX

American Funds Europacific Growth R4 REREX American Funds Europacific Growth R6 RERGX

Columbia Balanced Inst CBALX Vanguard Instl Target Retirement Date Fund, various based on age

Dreyfus Bond Market Index I DBIRX Vanguard Total Bond Market Index I VBTIX

Dreyfus Small Cap Stock Index Inv DISSX Vanguard Extended Market Index InstlPlus VEMPX

Goldman Sachs Small Cap Value Instl GSSIX Goldman Sachs Small Cap Value R6 GSSUX

Vanguard 500 Index Admiral VFIAX Vanguard Institutional Index Instl Pl VIIIX

Vanguard Mid Cap Index Admiral VIMAX Vanguard Extended Market Index InstlPlus VEMPX

Virtus Ceredex Large-Cap Value Equity I STVTX MFS® Value R6 MEIKX


Vanguard Institutional Target Retirement VITLX 2045 Institutional

Vanguard Institutional Target Retirement VTRLX 2050 Institutional

Vanguard Institutional Target Retirement VIVLX 2055 Institutional

Vanguard Institutional Target Retirement VILVX 2060 Institutional

Vanguard Institutional Target Retirement VSXFX 2065 Institutional

Vanguard Institutional Target Retirement VITRX Inc Institutional

Vanguard International Growth Adm VWILX

Vanguard PRIMECAP Fund Admiral Shares VPMAX

Vanguard REIT Index Institutional VGSNX

Vanguard Total Bond Market Index I VBTIX

Vanguard Total Intl Stock Index I VTSNX

Vanguard Balanced Index I VBAIX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard Capital Opportunity Adm VHCAX Fidelity® Contrafund® K6 FLCNX

Vanguard Capital Value Inv VCVLX Vanguard Extended Market Index InstlPlus VEMPX

Vanguard Convertible Securities Inv VCVSX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard Developed Markets Index Admiral VTMGX Vanguard Total Intl Stock Index I VTSNX

Vanguard Diversified Equity Inv VDEQX Fidelity® Contrafund® K6 FLCNX

Vanguard Dividend Appreciation Index Adm VDADX Vanguard Institutional Index Instl Pl VIIIX

Vanguard Dividend Growth Inv VDIGX Vanguard Institutional Index Instl Pl VIIIX

Vanguard Energy Adm VGELX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard European Stock Index Admiral VEUSX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard Explorer Adm VEXRX Janus Henderson Triton N JGMNX

Vanguard Extended Market Index Instl VIEIX Vanguard Extended Market Index InstlPlus VEMPX

Vanguard FTSE All-Wld ex-US Idx Admiral VFWAX Vanguard Total Intl Stock Index I VTSNX

Vanguard FTSE All-Wld ex-US SmCp Idx Inv VFSVX Fidelity® International Small Cap FISMX


Vanguard balances mapping to a similar fund or the appropriate age-based Vanguard Target Retirement Fund (as noted) through Fidelity

Ticker Fund Name


MassMutual Select Mid Cap Growth I* MEFZX


T. Rowe Price Growth Stock I PRUFX

Vanguard Emerging Mkts Stock Idx Instl VEMIX

Vanguard Equity-Income Adm VEIRX


Vanguard Institutional Target Retirement VITVX 2015 Institutional

Vanguard Institutional Target Retirement VITWX 2020 Institutional

Vanguard Institutional Target Retirement VRIVX 2025 Institutional

Vanguard Institutional Target Retirement VTTWX 2030 Institutional

Vanguard Institutional Target Retirement VITFX 2035 Institutional

Vanguard Institutional Target Retirement VIRSX 2040 Institutional

Ticker Fund Name

Mapping details for current Vanguard investment options

Balances mapping to same fund The following investment options at Vanguard will move “in-kind” to Fidelity:

* Fund will be added at Vanguard on or about May 21, 2018.


Vanguard FTSE Social Index Inv VFTSX Vanguard FTSE Social Index I VFTNX

Vanguard Global Equity Inv VHGEX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard GNMA Adm VFIJX Metropolitan West Total Return Bd Plan MWTSX

Vanguard Growth & Income Adm VGIAX Vanguard Institutional Index Instl Pl VIIIX

Vanguard Growth Index Institutional VIGIX Fidelity® Contrafund® K6 FLCNX

Vanguard Health Care Adm VGHAX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard High Dividend Yield Index Inv VHDYX MFS® Value R6 MEIKX

Vanguard High-Yield Corporate Adm VWEAX Metropolitan West Total Return Bd Plan MWTSX

Vanguard Inflation-Protected Secs I VIPIX Metropolitan West Total Return Bd Plan MWTSX

Vanguard Institutional Index I VINIX Vanguard Institutional Index Instl Pl VIIIX

Vanguard Interm-Term Bond Index I VBIMX Vanguard Total Bond Market Index I VBTIX

Vanguard Interm-Term Investment-Grde Adm VFIDX Metropolitan West Total Return Bd Plan MWTSX

Vanguard Interm-Term Treasury Adm VFIUX Metropolitan West Total Return Bd Plan MWTSX

Vanguard International Explorer Inv VINEX Fidelity® International Small Cap FISMX

Vanguard International Value Inv VTRIX American Funds Europacific Growth R6 RERGX

Vanguard Large Cap Index Admiral VLCAX Vanguard Institutional Index Instl Pl VIIIX

Vanguard LifeStrategy Cnsrv Gr Inv VSCGX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard LifeStrategy Growth Inv VASGX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard LifeStrategy Income Inv VASIX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard LifeStrategy Moderate Gr Inv VSMGX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard Long-Term Bond Index Instl VBLLX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard Long-Term Investment-Grade Adm VWETX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard Long-Term Treasury Admiral VUSUX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard Mid Cap Growth Inv VMGRX MassMutual Select Mid Cap Growth I MEFZX

Vanguard Mid Cap Index Institutional VMCIX Vanguard Extended Market Index InstlPlus VEMPX

Vanguard Mid-Cap Growth Index Admiral VMGMX MassMutual Select Mid Cap Growth I MEFZX

Vanguard Mid-Cap Value Index Admiral VMVAX MFS® Mid Cap Value R6 MVCKX

Vanguard Morgan™ Growth Admiral™ VMRAX Fidelity® Contrafund® K6 FLCNX

Vanguard Pacific Stock Index Admiral VPADX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard Precious Metals and Mining Inv VGPMX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard PRIMECAP Core Inv VPCCX Fidelity® Contrafund® K6 FLCNX

Vanguard Selected Value Inv VASVX MFS® Mid Cap Value R6 MVCKX

Vanguard Short-Term Bond Idx I VBITX VALIC Fixed Interest Option —

Vanguard Short-Term Federal Adm VSGDX VALIC Fixed Interest Option —

Vanguard Short-Term Investment-Grade I VFSIX VALIC Fixed Interest Option —

Vanguard Short-Term Treasury Adm VFIRX VALIC Fixed Interest Option —

Vanguard Small Cap Growth Index I VSGIX Janus Henderson Triton N JGMNX

Vanguard Small Cap Index I VSCIX Vanguard Extended Market Index InstlPlus VEMPX

Vanguard Small Cap Value Index I VSIIX Goldman Sachs Small Cap Value R6 GSSUX



Vanguard STAR Inv VGSTX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard Strategic Equity Inv VSEQX Vanguard Extended Market Index InstlPlus VEMPX

Vanguard Strategic Small-Cap Equity Inv VSTCX Vanguard Extended Market Index InstlPlus VEMPX

Vanguard Total Stock Market Idx I VITSX Vanguard Institutional Index Instl Pl VIIIX

Vanguard Total World Stock Index Inv VTWSX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard US Growth Admiral™ VWUAX Fidelity® Contrafund® K6 FLCNX

Vanguard US Value Inv VUVLX MFS® Value R6 MEIKX

Vanguard Value Index I VIVIX MFS® Value R6 MEIKX

Vanguard Wellesley® Income Admiral™ VWIAX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard Wellington™ Admiral™ VWENX Vanguard Institutional Target Retirement various Date Fund, based on age

Vanguard Windsor™ Admiral™ VWNEX MFS® Value R6 MEIKX

Vanguard Windsor™ II Admiral™ VWNAX MFS® Value R6 MEIKX


Documents

my BENEFITS - Duke University...redesign, selecting investments and the self-directed brokerage account. Visit hr.duke.edu/ffw for additional information. Annuity accounts at TIAA