Changes to Investment Accounts Effective 5/1/2019
HSA members with basic investment accounts
On Wednesday May 01, 2019 Further will be updating and enhancing the funds offered to health savings account (HSA) members as part of our basic investment account. These enhancements to funds offered in our basic investment portfolio are part of a regular review to ensure we offer our members a diverse and high-quality portfolio of fund options.
Share Class Conversion
At the close of business on 5/1/2019, several existing funds will automatically convert to a share class with a lower expense ratio:
|
Fund Name: |
Ticker |
Gross Expense Ratio* |
New Ticker |
New Gross Expense Ratio* |
|
American Funds Growth Fund of America® |
GFAFX |
0.69 |
RGAGX |
0.33 |
|
American Funds Income Fund of America® |
IFAFX |
0.64 |
RIDGX |
0.28 |
|
BlackRock Equity Dividend Fund |
MDDVX |
0.98 |
MKDVX |
0.60 |
|
Cohen & Steers Real Estate Securities Fund |
CSEIX |
1.15 |
CSZIX |
0.80 |
|
Columbia Mid Cap Index Fund |
NTIAX |
0.57 |
CMDYX |
0.21 |
|
Federated Kaufmann Small Cap Fund |
FKASX |
1.58 |
FKAIX |
1.04 |
|
First Eagle Overseas Fund |
SGOVX |
1.15 |
SGOIX |
0.87 |
|
Franklin High Income Fund |
FHAIX |
0.76 |
FHRRX |
0.52 |
|
Goldman Sachs Balanced Strategy Portfolio |
GIPAX |
1.34 |
GIPIX |
0.95 |
|
Goldman Sachs Growth and Income Strategy Portfolio |
GOIAX |
1.29 |
GOIIX |
0.90 |
|
Goldman Sachs Growth Strategy Portfolio |
GGSAX |
1.31 |
GGSIX |
0.92 |
|
Vanguard Small-Cap Index Fund |
NAESX |
0.17 |
VSMAX |
0.05 |
|
Neuberger Berman Genesis Fund |
NBGNX |
1.02 |
NBGIX |
0.85 |
*Data Source: Morningstar® 12/31/2018
New Investment Options
At the close of business on 5/1/2019, the following funds will be added to the available mutual fund list:
|
Fund Name: |
Ticker |
Gross Expense Ratio* |
|
Vanguard Total International Stock Index Fund |
VTIAX |
0.11 |
|
American Funds New World Fund® |
RNWGX |
0.62 |
|
Vanguard LifeStrategy Conservative Growth Fund |
VSCGX |
0.12 |
|
Vanguard LifeStrategy Moderate Growth Fund |
VSMGX |
0.13 |
|
Vanguard LifeStrategy Growth Fund |
VASGX |
0.14 |
*Data Source: Morningstar® 12/31/2018
Discontinued Investment Options
At the close of business on 5/1/2019, several funds will be closed to new investment. If you own a fund that is being closed to new investment, you may continue to hold it and dividends will continue to be reinvested in that fund. However, you will not be able to make any additional contributions into the fund after 05/01/2019. Any future investment contributions sent to discontinued funds will be directed to the Schwab Government Money Fund™ (SNVXX).
|
Fund Name: |
Ticker |
Gross Expense Ratio* |
|
PIMCO Commodity Real Return |
PCRIX |
1.39 |
|
Fidelity Advisor® International Discovery |
FAIDX |
1.22 |
|
Thornburg International Value Fund |
TGVAX |
1.27 |
|
Goldman Sachs Balanced Strategy Portfolio |
GIPAX |
1.34 |
|
Goldman Sachs Growth and Income Strategy Portfolio |
GOIAX |
1.29 |
|
Goldman Sachs Growth Strategy Portfolio |
GGSAX |
1.31 |
*Data Source: Morningstar® 12/31/2018
Steps that members with funds being closed to new investments may want to take:
Ensure your future investment elections are no longer directed to the funds being discontinued. To change your investment allocations:
- Sign in at www.horizonblue.com and click My Accounts. In the top right corner, click Horizon MyWay, and then go to your account.
- On the home member portal page click View Account
- Scroll down and click Visit Investment Site
- On the top menu bar, under “Manage Investments” select Set Future Investment Elections to change allocation of future investment contributions.
- (Optional) If you wish to reallocate current balances allocated to funds that are being closed to new investments, select Realign Investments
Members with Schwab Self-Directed Brokerage Account
Also on May 01, 2019, the Schwab Self-directed Brokerage account, an online investment account Further offers through Charles Schwab & Company, will be reclassified from the existing Personal Choice Retirement account (PCRA) to the new Health Savings Brokerage Account (HSBA). The reclassification will have no impact on account number, login credentials, or online experience. Each accountholder will receive notice from Schwab about changes to the cash feature program for their Health Savings Brokerage Account.
With reclassification to the Health Savings Brokerage Account® (HSBA), retail investors are unable to purchase shares or add to current positions of institutional share classes of mutual funds. For reference, we have included a list of the institutional share class funds that are no longer available for purchase, as well as the alternate share classes that are available to HSBA account holders. Please review the following investment lineup to determine if action is required. If you have institutional shares and would like to make any changes to your investment options to select a new retail share class, please contact the HSBA Call Center between 9am and 7:30pm ET Monday through Friday at 1-800-472-0084 or visit Schwab.com.
|
Current Institutional Share Class |
|
New Retail Share Class |
|
|
Ticker |
Fund Name |
Ticker |
|
|
RAFEX |
AMERICAN FD AMCAP FUND R4 |
AMPFX, JENSX, TRBCX, NICSX, LGILX, GFAFX, BIAWX |
|
|
REREX |
AMERICAN FD EUROPACIFIC GWTH F |
AEGFX, MFAPX |
|
|
RMFEX |
AMERICAN FD AMERICAN MUTUAL |
AMFFX, CFVLX, SFLNX, NPRTX, PRFDX, TWEIX, AMFFX |
|
|
RNPEX |
AMERICAN FD NEW PERSPE |
NPFFX, JDGTX, MVGAX |
|
|
RNWFX |
AMERICAN FD NEW WORLD FD CL |
NWFFX, SFENX, REEAX, DOFAX |
|
|
MLPTX |
OPPENHEIMER STEELPATH MLP SL |
MLPFX, MLOAX |
|
|
RGAEX |
AMERICAN FD GROWTH FD OF AMERI |
GFAFX, JENSX, TRBCX, NICSX, LGILX, GFAFX, BIAWX |
|
|
RDDTX |
AMERICAN FD 2025 TARGET DATE R |
FAPTX, TRRVX, FAPTX |
|
|
QLENX |
AQR LONG SHORT EQTY FD CL N |
SWHEX, HHQAX, USMAX |
|
|
RLBEX |
AMERICAN FD BALANCED FD CL R4 |
BALFX, SWOBX, INPFX |
|
|
FATIX |
FIDELITY ADV TECHNOLOGY FD CL |
JAGTX |
|
|
PACLX |
T ROWE PRICE CAP APPR FD ADV C |
TRAIX, PRWCX, SWOBX, BALFX, INPFX |
|
|
LZEMX |
LAZARD EMRG MKTS EQTY PORT I |
SFENX, REEAX, DOFAX |
|
|
DDIIX |
DELAWARE WEALTH BUILDER FD I |
SWOBX, BALFX, INPFX |
|
|
GSFTX |
COLUMBIA DIVIDEND INCOME FD CL |
LBSAX, CFVLX, SFLNX, NPRTX, PRFDX, TWEIX, AMFFX |
|
|
QSLNX |
AQR STYLE PREMIA ALT LV FD CL |
QSLIX - w/ Advisor Only, QSLRX - w/ Advisor Only |
|
|
AGREX |
INVESCO GLOBAL REAL ESTATE |
PURZX, JERTX |
|
|
DMCRX |
DRIEHAUS MICRO CAP GWTH FD INS |
NBGNX, WAMCX, UMBHX, FKAIX, CCSMX |
|
|
FMCDX |
FIDELITY ADV STOCK SELECT |
FSSMX, TMSIX, ARRFX |
|
|
VWIAX |
VANGUARD WELLESLEY INCOME |
VWINX, SWKRX, JNBAX, TAIFX |
|
If you have questions regarding these changes, please contact our member services at 1-888-215-0025 8 a.m. to 9 p.m. Eastern Time, Monday through Friday or via email at customersolutions@hellofurther.com.
Employers and plan participants should carefully consider the investment objectives, risks, charges and expenses of the investment options offered under the retirement plan before investing. The prospectuses for individual mutual funds and each available investment option in the group annuity contain this and other important information. Prospectuses may be obtained by visiting https://hsainvestments.com/fundperformance/?p=HSA. Please read the prospectus carefully before investing. Investments are subject to market risks and fluctuate in value.
Further is the marketing name for MII Life Insurance, Incorporated. Charles Schwab & Co, Inc., member FINRA, distributes investments and may provide other brokerage services. Third-party administrative services are provided by Devenir Investment Advisors, LLC. Investment advisory services are provided to Further by Devenir Investment Advisors, LLC., a registered investment advisor.