Am I the only one NOT losing money here?
Average Annual Total Returns 1 (%)
as of 10/31/2008
1 Year 4.85
3 Year 4.75
5 Year 4.66
10 Year 5.27
Life 6.46
What it is
A separate account available only to participants in the Time Warner 401(k) plans.
Goal
To preserve principal while earning a relatively competitive level of interest.
What it invests in
The fund invests in fixed income securities which may include United States treasury bonds, government agency securities, corporate bonds, mortgage-backed securities, commercial mortgage-backed securities and asset-backed securities. The securities are "wrapped" by a contract with an insurance company or financial institution, which provides for the payment of participant withdrawals and exchanges at book value. There is no immediate recognition of investment gains or losses on the fixed income securities. Instead, the gain or loss is recognized over time by adjusting the interest rate credited to the fund under the wrap contract. The fund may also invest in investment contracts offered by major insurance companies and other approved financial institutions. Investment contracts provide for the payment of a specified rate of interest to the fund and for the repayment of principal when the contract matures. Participant withdrawals and exchanges are paid at book value (principal and interest accrued to date) during the life of the contract. A small portion of the fund is invested in a money market fund to provide daily liquidity. All investment contracts and fixed income securities purchased for the fund must satisfy the credit quality standards of Fidelity Management Trust Company. Although the issuer backs individual investment contracts, units of this investment are not backed by Fidelity Management Trust Company or the Plan Sponsor, nor are they insured by the FDIC. In addition, investment and wrap contract issuers may impose a contract penalty on withdrawals or exchanges from the fund caused by an extraordinary corporate event (layoff, sale of a line of business, etc.). The interest earned on investments in the fund is credited by allocating additional units. The fund attempts to maintain a $1.00 unit price but cannot guarantee that it will be able to do so. Return will vary.
Expenses & Fees
Expense Ratio as of 09/30/2008 0.63%
Cumulative Total Returns 1 (%)
as of 10/31/2008
YTD 3.99
1 Month 0.35
3 Month 1.05
6 Month 2.22
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