Announcements & Features:
fidelity Investments Investment option share class changes
New fund choices from Fidelity Investments
Effective July 5, 2011, the share class of two investment options in the University of Michigan 403(b) Base Plan, University of Michigan 403(b) Supplemental Plan, University of Michigan 401(a) Plan and University of Michigan 457(b) Plan are changing. The new share class will offer the same investment strategy and risk, but the management fees will be lower.
| Fidelity Investments | Current Investor Class | New Institutional Class | ||
| Mutual Fund Name | Ticker Symbol | Expense Ratio % | Ticker Symbol | Expense Ratio % |
| Spartan U.S. Bond Index Fund | FBIDX | 0.22 | FXSTS | 0.07 |
| Spartan 500 Index Fund | FUSEX | 0.10 | FXSIX | 0.05 |