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  • Tiered Investment Choices

Tiered Investment Choices

Duke University Faculty and Staff Retirement Plan
Important Information about your Plan

Your Investment Options in the Plan

Duke has an Investment Advisory Committee (IAC) whose role is to ensure that you have access to quality investment options at a reasonable cost. The IAC is comprised of key Duke University and Duke University Health System administrators who work closely with expert consultants who specialize in investment advisory services. The IAC has chosen a group of funds to regularly monitor and ensure that they remain appropriate investment options for Duke's plan. Your investment options are grouped in tiers to make it easier to navigate your investments. Funds in Tier 1 and Tier 2 have been specifically chosen 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. Funds available through BrokerageLink® (Tier 3) are not monitored by the IAC.

Tier 1: Vanguard Target Date Funds for a ready-made portfolio

This tier offers a way to make a single choice for your retirement needs. 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. For more information about the Vanguard Target Date Funds, visit Target Date Funds.

Tier 2: Core Funds - Build your own portfolio

This tier includes funds from various asset classes that have been chosen by the IAC based on their suitability for inclusion in a customized retirement portfolio. You can build your own diversified portfolio from these core funds. Contact Fidelity at 800-343-0860 if you need assistance selecting funds.

Tier 3: Self-Directed Brokerage Account (BrokerageLink®)

Fidelity BrokerageLink®, a self-directed brokerage account, gives you access to additional mutual funds for your retirement savings beyond the target date funds and core funds available in Tiers 1 and 2. The IAC neither evaluates nor monitors the mutual funds available through BrokerageLink®. It is your responsibility to ensure the investments you select are suitable for your situation, including your goals, time horizon, and risk tolerance. Additional fees may apply for a brokerage account, including transaction fees and brokerage commissions for some transactions. For additional information about BrokerageLink, visit Self-Directed Brokerage Account (BrokerageLink®).

List of Investments available in the Plan

Asset Class Fund Name Ticker Expense Ratio
TIER 1: Target Date Funds
Target-Date Retirement Vanguard Instl Trgt Retire Inc Instl VITRX 0.09%
Target-Date 2015 Vanguard Instl Trgt Retire 2015 Instl VITVX 0.09%
Target-Date 2020 Vanguard Instl Trgt Retire 2020 Instl VITWX 0.09%
Target-Date 2025 Vanguard Instl Trgt Retire 2025 Instl VRIVX 0.09%
Target-Date 2030 Vanguard Instl Trgt Retire 2030 Instl VTTWX 0.09%
Target-Date 2035 Vanguard Instl Trgt Retire 2035 Instl VITFX 0.09%
Target-Date 2040 Vanguard Instl Trgt Retire 2040 Instl VIRSX 0.09%
Target-Date 2045 Vanguard Instl Trgt Retire 2045 Instl VITLX 0.09%
Target-Date 2050 Vanguard Instl Trgt Retire 2050 Instl VTRLX 0.09%
Target-Date 2055 Vanguard Instl Trgt Retire 2055 Instl VIVLX 0.09%
Target-Date 2060 Vanguard Instl Trgt Retire 2060 Instl VILVX 0.09%
Target-Date 2065 Vanguard Instl Trgt Retire 2065 Instl VSXFX 0.09%
TIER 2: Core Funds
Money Market Vanguard Federal Money Market Investor VMFXX 0.11%
Stable Value VALIC Fixed Interest Option N/A N/A
Stable Value TIAA Traditional Fixed Account N/A N/A
Intermediate-Term Bond Vanguard Total Bond Market Index Instl Plus VBMPX 0.03%
Intermediate-Term Bond Metropolitan West Total Return Bd Plan MWTSX 0.38%
Multisector Bond PIMCO Income Instl PIMIX 1.09%
Large Value MFS® Value R6 MEIKX 0.47%
Large Value Vanguard Equity-Income Adm VEIRX 0.18%
Large Blend Vanguard Institutional Index Instl Pl VIIIX 0.02%
Large Blend Vanguard FTSE Social Index Instl VFTNX 0.12%
Large Growth Vanguard PRIMECAP Adm VPMAX 0.31%
Large Growth Fidelity® Contrafund® K6 FLCNX 0.45%
Large Growth T. Rowe Price Growth Stock I PRUFX 0.52%
Mid-Cap Value American Century Mid Cap Value R6 AMDVX 0.63%
Mid-Cap Value MFS® Mid Cap Value R6 MVCKX 0.68%
Mid-Cap Blend Vanguard Extended Market Index Instl Plus VEMPX 0.04%
Mid-Cap Value Fidelity® Low-Priced Stock K6 FLKSX 0.50%
Mid-Cap Growth MassMutual Select Mid Cap Growth I MEFZX 0.71%
Foreign Large Blend Vanguard Total Intl Stock Index I VTSNX 0.08%
Foreign Large Blend American Funds Europacific Growth R6 RERGX 0.46%
Foreign Large Growth Vanguard International Growth Adm VWILX 0.32%
Foreign Small/Mid Blend Fidelity® International Small Cap FISMX 1.19%
Small Blend Goldman Sachs Small Cap Value R6 GSSUX 0.96%
Small Value Fidelity® Small Cap Value FCPVX 0.66%
Small Growth Janus Henderson Triton N JGMNX 0.66%
Small Growth Fidelity® Small Cap Growth K6 FOCSX 0.60%
Diversified Emerging Mkts Vanguard Emerging Mkts Stock Idx Instl VEMIX 0.10%
Specialty -Real Estate Vanguard REIT Index Institutional VGSNX 0.10%

For more information about fees and performance for the investments available in the Plan, please see the Investment Performance and Participant Fee Disclosure Information.

Frozen Annuity Accounts

Certain annuity products at AIG Retirement Services (VALIC) and TIAA are frozen to new contributions. These annuity accounts did not automatically transfer to the new investment lineup put in place in January 2019. However, individuals invested in these frozen annuity accounts can transfer their balances at any time, subject to any restrictions described in the annuity contract, and invest those assets in an investment option available under the current lineup. You should review the fees and historical performance of these annuities and compare them to the investment options available under the current lineup because the cumulative effect of fees and expenses can substantially reduce the growth of your retirement savings. To learn more about the frozen annuities, their performance and fees, and how to transfer balances to Fidelity, please see the Investment Performance and Participant Fee Disclosure Information.

Need Assistance?

Duke is committed to providing you with ongoing support to help you better understand the services, fees, expenses and provisions associated with your Plan. If you have any questions about this information, please contact the Duke HR Benefits Office at (919) 684-5600 or by email at benefits@duke.edu.

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Human Resources

Duke Human Resources
705 Broad St. Box 90496
Durham, NC 27705
Phone: (919) 684-5600
Have questions?

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