Investment Choice Changes
The AHRP Investment Committee regularly evaluates
each AHRP Investment Choice to verify it continues to meet its stated
objectives and performs favorably when compared to its benchmark and
peer group. If a particular Investment Choice fails to meet acceptable
criteria, it is removed from the panel. This action may necessitate
the selection of replacement Investment Choices to assure a continued
broad spectrum of options.
As a result of this process, several changes are being made to the
panel of funds offered through the AHRP. Three Investment Choices are
being removed from the panel effective September 30, 2008 as shown on
the table below. Participants with balances in the funds will be
notified of this change beforehand and given the opportunity to make
new investment elections. Balances remaining in the de-selected funds
at the end of the business day on September 30 will be “mapped” or
transferred into a similar AHRP Investment Choice.
Effective October 1, 2008, two new funds will be added to the AHRP
Investment Choice panel. These funds are also shown in the table below
and identified by an asterisk (*). A new fund was not selected to
replace Fidelity Growth & Income Portfolio as there are sufficient
large cap mutual funds currently offered. Balances in the Fidelity
Growth & Income Portfolio as of 9/30/08 will be transferred to the
Vanguard Institutional Index Fund Institutional Plus Shares.
Total AHRP assets in the Vanguard 500 Index Fund now allow for a class
change to the lower cost Vanguard Institutional Index Fund
Institutional Plus Shares. The management objectives of these two
funds remain the same (i.e. to emulate the S&P 500 Index) but the
administrative costs of the institutional shares are reduced for
better return to the investor.
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