Before investing in any mutual fund, consider the investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
Your investment options
The Plan gives you a choice of investment options that allow you the flexibility to build your own strategy to meet your financial needs.
Depending on which funds you currently invest in, some of your investments may change. Some investments will be liquidated and reinvested in new investment options. Others will transfer to the same investment option (called a reregistration, or in-kind transfer). Different investment options may have different transfer methods, and some options may be out of the market for a day or more, while others will remain fully invested during the transition. Changes could occur during the transition period that could result in changes to the asset transfer strategy described here.
It is important that you become familiar with the various investment options that will be available in the Plan.
Information regarding each investment option’s risk, as well as its strategy and objective can be obtained in the Investment Options Guide. Please consider all investment information before choosing your investments.
For an explanation of your rights to direct investments, any Plan restrictions, and a description of the types of fees and expenses associated with your Plan account, refer to the Participant Disclosure Notice.
The Plan is intended to be a participant-directed plan as described in Section 404(c) of ERISA, which means that fiduciaries of the Plan are ordinarily relieved of liability for any losses that are the direct and necessary result of investment instructions given by a participant or beneficiary.
Fund Tiers: Overview
To make your investment decisions easier while still offering a variety of investment options, Nemours will now group funds by investing styles. You are free to choose investments from any group and mix among the groups if you would like.
The investment options in the Plan at Fidelity will be structured in four distinct groups or tiers.
The approaches vary and are intended for investors with different levels of investment experience. They are also dependent on the level of involvement you want in managing your asset mix. Remember, any of the investment options offered by your Plan are available to you at any time after the move to Fidelity is complete, so you could choose options from each tier to help meet your needs.
Tier 1: Target Date Funds
“Help me manage my investments.”
If you are looking for a single-fund solution where you choose an age-based fund and do not need to maintain the account yourself; you may wish to consider a target retirement date fund.
The American Funds Target Date Retirement Fund® Class—R6 are designed for investors expecting to retire around the year indicated in each fund’s name. The funds are managed to gradually become more conservative over time as they approach the target retirement date. The investment risk of each target retirement fund changes over time as the fund’s asset allocation changes. The funds are subject to the volatility of the financial markets, including that of equity and fixed-income investments in the U.S. and abroad. They may be subject to risks associated with investing in high-yield, small-cap, and foreign securities. The principal amount invested is not guaranteed at any time, including at or after the funds’ target dates.
Nemours has determined that any contributions for which you do not provide investment direction will be invested in the Plan’s qualified default investment alternative—the American Funds Target Date Retirement Fund® Class R-6. Your applicable account balances and future contributions will be invested in the target date fund that has a target retirement date closest to the year you might retire and assumes a retirement age of 65. The target retirement date timeline and retirement age were selected by the Plan sponsor.
Please use the guidelines in the table below to determine in which American Funds Target Date Retirement Fund® Class R-6 future contributions may be invested.
|
DATE OF BIRTH RANGE |
FUND NAME |
TICKER |
|
Before 12/31/1947 |
American Funds 2010 Target Date Retirement Fund® Class R-6 |
RFTTX |
|
1/1/1948—12/31/1952 |
American Funds 2015 Target Date Retirement Fund® Class R-6 |
RFJTX |
|
1/1/1953—12/31/1957 |
American Funds 2020 Target Date Retirement Fund® Class R-6 |
RRCTX |
|
1/1/1958—12/31/1962 |
American Funds 2025 Target Date Retirement Fund® Class R-6 |
RFDTX |
|
1/1/1963—12/31/1967 |
American Funds 2030 Target Date Retirement Fund® Class R-6 |
RFETX |
|
1/1/1968—12/31/1972 |
American Funds 2035 Target Date Retirement Fund® Class R-6 |
RFFTX |
|
1/1/1973—12/31/1977 |
American Funds 2040 Target Date Retirement Fund® Class R-6 |
RFGTX |
|
1/1/1978—12/31/1982 |
American Funds 2045 Target Date Retirement Fund® Class R-6 |
RFHTX |
|
1/1/1983—12/31/1987 |
American Funds 2050 Target Date Retirement Fund® Class R-6 |
RFITX |
|
1/1/1988—12/31-1992 |
American Funds 2055 Target Date Retirement Fund® Class R-6 |
RFKTX |
|
1/1/1993—12/31/1997 |
American Funds 2060 Target Date Retirement Fund® Class R-6 |
RFUTX |
|
1/1/1998—12/31/2002 |
American Funds 2065 Target Date Retirement Fund® Class R-6 |
RFVTX |
|
2003 and later |
American Funds 2070 Target Date Retirement Fund® Class R-6 |
RFBFX |
Tier 2: Core Investments—Passively Managed Funds
“I want to choose my own mix of investments.”
Passively managed funds—commonly known as “index funds”—seek to match their benchmark’s performance, rather than beat their benchmark. Because the objective is to simply mirror the holdings and return of a particular index, less research is needed, transactions occur less frequently, and expenses tend to be lower than those of actively managed funds. Ultimately, index funds are designed to provide exposure to a broad selection of securities at a relatively low cost. While these funds typically perform very similarly to the index they track, you should be aware that index funds cannot be expected to meet or beat the index’s performance.
|
INVESTMENT OPTION |
TICKER |
|
Stock Investment Options |
|
|
Fidelity® 500 Index Fund |
FXAIX |
|
Fidelity® Mid Cap Index Fund |
FSMDX |
|
Fidelity® Small Cap Index Fund |
FSSNX |
|
Fidelity® Total International Index Fund |
FTIHX |
|
Bond Investment Options |
|
|
Fidelity® Inflation-Protected Bond Index Fund |
FIPDX |
|
Fidelity® U.S. Bond Index Fund |
FXNAX |
Tier 3: Core Investments—Actively Managed Funds
“I want to choose my own mix of investments.”
Actively managed funds seek to beat, or exceed, their benchmarks. The fund managers have the flexibility to actively seek out investments that they believe will beat, or exceed, the performance of a particular index. Since actively managed strategies often involve a great deal of research, transactions within these funds tend to occur more frequently and expenses tend to be higher than those of passively managed funds.
Below is a list of the actively managed funds that will be available in the Plan beginning January 2, 2025.
|
INVESTMENT OPTION |
TICKER |
|
Stock Investment Options |
|
|
Allspring Special Small Cap Value Fund—Class Inst |
ESPNX |
|
American Funds EuroPacific Growth Fund® Class R-6 |
RERGX |
|
Carillon Eagle Mid Cap Growth Fund Class I |
HAGIX |
|
DFA Emerging Markets Portfolio Institutional Class |
DFEMX |
|
Fidelity® Small Cap Growth K6 Fund |
FOCSX |
|
MFS Growth Fund Class R3 |
MFEHX |
|
MFS International Equity Fund Class R6 |
MIEIX |
|
MFS Mid Cap Value Fund Class R3 |
MVCHX |
|
Vanguard Equity-Income Fund Admiral Shares |
VEIRX |
|
Bond Investment Option |
|
|
Dodge & Cox Income Fund Class X |
DOXIX |
|
Stable Value Investment Option |
|
|
Lincoln Stable Value Account |
N/A |
Tier 4: Self-Directed Brokerage
“I want more options, and I would like to research mutual funds on my own.”
The Plan also offers Fidelity BrokerageLink®, which provides you with an opportunity to invest in a broad range of investment options beyond those offered directly through the Plan.
This additional choice may help you to more effectively build a retirement portfolio. With BrokerageLink®, you have the ability to manage a portion of your retirement savings plan account in investments beyond the Plan’s lineup. Tools, mobile applications, and third-party research help put you in control of your investments. Fidelity BrokerageLink® provides you with the opportunity to select from thousands of investment options beyond those offered directly through your employer’s retirement plan (referred to as the standard/core plan options). You can invest in a broad range of funds available through Fidelity and FundsNetwork® available through Fidelity Brokerage Services.
A BrokerageLink® central hub, accessible from NetBenefits®, brings together tools and services to help make it easy to open and manage your BrokerageLink® account. Find educational information and plan documents, watch videos, and complete several online transactions, including transfers to and from your BrokerageLink® account.
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.
There is no annual fee for Fidelity BrokerageLink®. The maximum direct payroll contribution allocation that may be made to BrokerageLink® is 95%. There is no minimum amount for direct payroll contributions into BrokerageLink®, but there is an initial minimum investment of $500 to open an account and a $500 minimum for each subsequent transfer from the Standard Plan Option.
If you have a self-directed brokerage account through Charles Schwab, information about how it will transfer is provided in the following section “How will investments transfer.” You will receive a separate communication with the details on your brokerage account transfer.