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Changes to Investment Accounts Effective 5/1/2019

Some of the funds available to HSA and VEBA members will be changing on May 1, 2019. Find out what is changing and if there is any action you need to take.

HSA & VEBA members with basic investment accounts

On Wednesday May 01, 2019 Further will be updating and enhancing the funds offered to health savings account (HSA) and voluntary employees’ beneficiary association (VEBA) 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:

  1. Sign in at www.hellofurther.com.
  2. On the home member portal page click View Account
  3. Scroll down and click Visit Investment Site
  4. On the top menu bar, under “Manage Investments” select Set Future Investment Elections to change allocation of future investment contributions.
  5. (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 1-800-859-2144 7 a.m. to 8 p.m. Central 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.

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