Introduction to the UC Retirement Savings Plans Fund Menu

If you’re ready to think seriously about investing, it’s time to learn about the investment options available through the UC Retirement Savings Plans (RSP)—the 403(b), 457(b), and Defined Contribution (DC) Plans. To help make your investment decisions easier, the UC Retirement Savings Plans offers  the UC RSP Fund Menu, which includes a full range of asset classes designed to help meet your needs, no matter what type of investor you might be. Regardless of your investment preferences, a key strategy for managing risk is having a well-diversified portfolio. The UC RSP Fund Menu is selected and monitored by the UC Office of the Chief Investment Officer of  the Regents.

Tier I – Target Date Funds
UC Pathway Funds

UC Pathway Income Fund
UC Pathway Fund 2015
UC Pathway Fund 2020
UC Pathway Fund 2025

UC Pathway Fund 2030
UC Pathway Fund 2035
UC Pathway Fund 2040
UC Pathway Fund 2045

UC Pathway Fund 2050
UC Pathway Fund 2055
UC Pathway Fund 2060

Tier II – Core Line-Up
Bond Investments, Stock Investments, Balanced Fund

Bond Investments
Short-Term
UC Savings Fund

Intermediate-Term
UC Bond Fund

Inflation-Protected
UC Short Term TIPS Fund
UC TIPS Fund

Domestic Stock
Large Cap
UC Domestic Equity Index Fund
Fidelity Growth Company Fund - Class K

Socially Responsible Large Cap
Vanguard FTSE Social Index Fund - Institutional Shares

Mid Cap
Calvert Capital Accumulation Fund - Class I

Small Cap
Vanguard Small-Cap Index Fund - Insitutional Plus Shares

Foreign Stock
International/Global
UC International Equity Index Fund
UC Global Equity Fund
Fidelity Diversified International Fund - Class K

Diversified Emerging Markets
DFA Emerging Markets Portfolio - Institutional Class

Balanced Fund
UC Balanced Growth Fund
Specialty Stock
Vanguard REIT Index Fund - Institutional Shares
Tier III – Fidelity BrokerageLink®

 

Tier I – Target Date Funds

UC Pathway Funds

  • The UC Pathway Funds are designed to be the only investment option you need in your retirement plan account. Each UC Pathway Fund invests in eight underlying funds for maximum diversification. The funds adjust risk over time to help ensure participants investing in the funds are allocated to an appropriate level of volatility through to the funds' target date. You simply choose the one fund closest to the year you expect to retire—or the year you plan to start drawing money from your plan account. The chart below lists the assigned fund the University of California Retirement Savings Plans believe will best fit your diversification needs should you not select an investment option.
Your Birth Date* Fund Name Target Retirement Years
Before 1950 UC Pathway Income Fund Retired before 2015
Jan. 1, 1950–Dec. 31, 1954 UC Pathway Fund 2015 Target Years 2015–2019
Jan. 1, 1955–Dec. 31, 1959 UC Pathway Fund 2020 Target Years 2020–2024
Jan. 1, 1960–Dec. 31, 1964 UC Pathway Fund 2025 Target Years 2025–2029
Jan. 1, 1965–Dec. 31, 1969 UC Pathway Fund 2030 Target Years 2030–2034
Jan. 1, 1970–Dec. 31, 1974 UC Pathway Fund 2035 Target Years 2035–2039
Jan. 1, 1975–Dec. 31, 1979 UC Pathway Fund 2040 Target Years 2040–2044
Jan. 1, 1980–Dec. 31, 1984 UC Pathway Fund 2045 Target Years 2045–2049
Jan. 1, 1985–Dec. 31, 1989 UC Pathway Fund 2050 Target Years 2050–2054
Jan. 1, 1990–Dec. 31, 1994 UC Pathway Fund 2055 Target Years 2055–2059
Jan. 1, 1995, and later* UC Pathway Fund 2060 Target Years 2060 and beyond
* Dates selected by Plan Sponsor

Tier II – Core Line-Up

Comfortable building a diversified portfolio on your own? The UC RSP Fund Menu lets you create a custom mix of fixed income funds and equity funds. Here is an overview of the options available. 

Bond Investments

  • Short-term: UC Savings Fund. Short-term funds are designed to preserve your capital. Considered the least risky of the fixed income investments, these funds also tend to provide the lowest potential return.
  • Intermediate-term: UC Bond Fund. Intermediate-term bond funds seek to maximize long-term investment returns by investing in intermediate-term debt securities.
  • Inflation-protected: UC Short Term TIPS Fund and UC TIPS Fund. The UC Short Term TIPS Fund seeks to provide returns more closely correlated with realized inflation over the near term and to offer investors the potential for less volatility of returns relative to a longer duration TIPS fund. The UC TIPS Fund, on the other hand, seeks to provide long-term return and inflation protection consistent with an investment in U.S. government inflation-indexed securities or TIPS (Treasury Inflation Protected Securities).

Stock Investments

Domestic Stock
  • Large Cap: UC Domestic Equity Index Fund and Fidelity Growth Company Fund - Class K. Large-cap funds typically invest in firms with a market value of $10 billion or more. Large-cap firms often have a reputation for producing quality goods and services, a history of consistent dividend payments, and steady growth.
  • Socially Responsible Large Cap: Vanguard FTSE Social Index Fund - Institutional Shares. Socially responsible funds primarily invest in the securities of companies that adhere to social, moral, religious, or environmental beliefs.
  • Mid Cap: Calvert Capital Accumulation Fund - Class I. Mid-cap funds generally invest in businesses with a market value between $2 billion and $10 billion. Typically, these are established companies in industries experiencing or expected to experience rapid growth.
  • Small Cap: Vanguard Small-Cap Index Fund - Institutional Plus Shares. Small-cap funds typically invest in businesses with a market value of $300 million to $2 billion. These are usually young companies that serve niche markets or emerging industries.
Foreign Stock
  • International/Global: UC International Equity Index Fund, UC Global Equity Fund, and Fidelity® Diversified International Fund - Class K. International stock funds primarily invest in stocks issued by companies outside the United States, while global stock funds primarily invest in stocks issued by companies around the world, including the United States.
  • Diversified Emerging Markets: DFA Emerging Markets Portfolio – Institutional Class. Emerging markets stock funds invest primarily in stocks issued by companies based in countries with less developed economies.
Specialty Stock
  • Vanguard REIT Index Fund - Institutional Shares. REIT funds offer investors wide exposure in the real estate sector by investing primarily in the securities of companies that own and manage real estate.
Balanced Fund
  • Balanced Growth Fund: The fund’s investment mix is designed to be roughly the same as the investment mix maintained for the University of California Retirement Plan (UCRP), UC’s pension plan. It maintains a static mix of stocks and bonds, rebalanced as needed to maintain the allocation.

Tier III – BrokerageLink®

  • Fidelity BrokerageLink® combines the convenience of your workplace retirement plan with the additional flexibility of a brokerage account. It gives you expanded investment choices to manage your retirement contributions. 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. See the fact sheet and commission schedule for applicable fees and risk. 

For more information visit www.netbenefits.com or call 1-866-682-7787.

 

 

Before investing in any investment option, please carefully consider the investment objectives, risks, charges, and expenses. This and other information on the UC Retirement Savings Plan Fund Menu is available, free of charge, online at www.netbenefits.com or by calling Fidelity® Retirement Services at 1-866-6UC-RSVP (1-866-682-7787). This and other information on mutual fund options that are part of the UC Retirement Savings Plan Fund Menu and other mutual funds outside the UC Retirement Savings Plan Fund Menu can be found in each mutual fund’s prospectus, or, if available, a summary prospectus, which can be obtained, free of charge, at the same Web site and toll-free phone number. Read the information carefully before you invest.

Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money. 

The investment risks of each target date Pathway Fund change over time as each fund’s asset allocation changes. Assets held in the Pathway Funds are subject to the volatility of the financial markets, including equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in high yield, small cap and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties.

Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal.

Investments in smaller, less well-known companies can be more volatile than those of larger companies.

Foreign markets can be more volatile than U.S. markets due to increased risks of adverse issuer, political, market or economic developments, all of which are magnified by emerging markets.

Sector funds can be more volatile because of their narrow concentration in a specific industry.

Changes in real estate values or economic conditions can have a positive or negative effect on issuers in the real estate industry, which may affect the value of the investment fund.

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