Changes to UC Retirement Savings Program Funds

Effective February 28, 2017, the Calvert Capital Accumulation Fund was removed from the UCRSP Fund Menu.

UC periodically reviews the UC Retirement Savings Program (UCRSP)—the 403(b), 457(b), and DC Plans—to make sure they continue to help you meet your retirement and financial goals. The review considers a number of factors, including:

  • The range of available investment options.
  • Investment option performance and value.
  • Whether the Plans give you access to services that enhance your retirement readiness.

Most recently, UC conducted a review of the Calvert Capital Accumulation and Vanguard FTSE Social Index Funds, both of which offer similar exposure to a socially screened UC stack portfolio. As a result of our review, a decision was made to remove the Calvert Capital Accumulation Fund from the UCRSP Fund Menu and transfer UC participant assets into the Vanguard FTSE Social Index Fund.

What this means for you

If you were invested in the Calvert Capital Accumulation Fund, you should have received a notice explaining the change. Any existing balance in and any future contributions to the Calvert Capital Accumulation Fund as of February 28, 2017, were transferred to the Vanguard FTSE Social Index Fund.

  • The transfer took place after the market closed on February 28, 2017.
  • You can view the transfer of balances as an exchange on your account history and quarterly statement. You may also receive a prospectus as a result of this transaction.

Want to invest in a different fund?

If you want to transfer your balance and contributions to a different fund, you must request an exchange into another available investment option.

For more help

Want more details about the investment options available to you? Call Fidelity Retirement Services at 1-866-682-7787 to speak with a representative or make any changes to your account.

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.

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