Relative Investment Performance on Tax Deferred Annuities

The Benefits Office regularly receives inquiries on the relative performance of investment funds offered under the University's tax deferred annuity program. At right is a table which shows the performance of the various funds for the period ending March 31, 1996. The first column shows an abbreviation for the investment philosophy of the fund. (Abbreviations are described below). The second column shows the overall asset size of the fund in millions of dollars. Columns three through seven show the performance of the funds over various time horizons. Columns eight and nine show the best and worst year for the last five years.

The Benefits Office will periodically publish this information in Almanac to assist faculty and staff in monitoring the performance of their tax deferred annuity investments. Any faculty or staff member who would like additional information on these benefit programs may call the Benefits Office at 898-7281.

Albert Johnson
Acting Manager of Benefits

D	Diversified Common Stock Fund
DI	Diversified Common Stock Fund With Somewhat Higher Income
SC	Speciality Fund With Small Company Common Stock Orientation
B	Balanced Fund
FIS	Fixed Income Fund (Short-Term Maturity)
FII	Fixed Income Fund (Intermediate-Term Maturity)
FIL	Fixed Income Fund (Long-Term Maturity)
FISG	Fixed Income Fund (Short-Term Maturity - Government Obligations)
FIIG	Fixed Income Fund (Intermediate-Term Maturity -Government Obligations)
FILG	Fixed Income Fund (Long-Term Maturity - Government Obligations)
FIM	Fixed Income Fund (Mortgage-Related Securities)
FIJ	Fixed Income Fund (Low-Rated Bonds)
MM	Money Market Fund
AA 30:40:30	Asset Allocation 30% Stocks:40% Bonds: 30% Cash Benchmark Fund
AA 60:35:5	Asset Allocation 60% Stocks:35% Bonds: 5% Cash Benchmark Fund

ICS	International Common Stock Fund
EM	Emerging Markets Fund

GCS	Global Common Stock Fund

Source:  Lipper Analytical Services and fund families.
*	Total Return: Dividend or interest plus capital appreciation or depreciation.

(1) CREF Equity Index Account was introduced on April 29, 1994.
(2) CREF Growth Account was introduced on April 29, 1994.
(3) Vanguard Horizon Funds were introduced on August 14, 1995.
(4) Vanguard International Equity Index Fund Emerging Markets Portfolio was introduced on May 4, 1994.


Volume 42 Number 33
May 21/28, 1996

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