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Product Comparison (3)

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Vendor Details
Product Details
Fees and Charges
Investment Options

My Next Steps	CalSTRS Pension2 - Personal Wealth Plan CalSTRS Pension2 Mutual Fund DISCONTINUED PRODUCT - Product not available to new enrollees.	Fidelity Direct 403(b) Fidelity Investments Mutual Fund DISCONTINUED PRODUCT - Product not available to new enrollees.	Vanguard® 403(b) Services Vanguard Group, The Mutual Fund DISCONTINUED PRODUCT - Product not available to new enrollees.
Vendor Type	Public Retirement System	Broker-Dealer	Registered Investment Company
Product Types Offered	Mutual Fund	Mutual Fund	Mutual Fund
Credit Rating	None	None	None
Assets Under Management	$2,000,000,000.00	$3,400,000,000,000.00	$4,000,000,000,000.00
Statement of Experience	# of years offering a 403(b) in California: 26 Years # of years offering a 403(b) in U.S.: 26 Years	# of years offering a 403(b) in California: 28 Years # of years offering a 403(b) in U.S.: 42 Years	# of years offering a 403(b) in California: 35 Years # of years offering a 403(b) in U.S.: 35 Years
RANGE OF SERVICES
Asset Allocation Planning
Commission-Free Advice and Services
Dollar Cost Averaging
Financial Literacy Workshops
Hardship Withdrawals
Loans
No Load Investment Options
Online Account Access
Online Budgeting and Financial Tools
Portfolio Rebalancing Program
Required Minimum Distribution Services
Rollover Assistance
Self-directed Brokerage Account
Toll-Free Customer Service
My Next Steps

My Next Steps	CalSTRS Pension2 - Personal Wealth Plan CalSTRS Pension2 Mutual Fund DISCONTINUED PRODUCT - Product not available to new enrollees.	Fidelity Direct 403(b) Fidelity Investments Mutual Fund DISCONTINUED PRODUCT - Product not available to new enrollees.	Vanguard® 403(b) Services Vanguard Group, The Mutual Fund DISCONTINUED PRODUCT - Product not available to new enrollees.
FEATURES
Features are services or components that are sometimes included in the mandatory product fees and charges. There are some vendors that charge additional fees for some of the features listed below. Reference the fees and charges tab to view any additional fees charges for these features.
Commission-Free Advice and Services	CalSTRS Pension2 participants are provided with commission-free advice and services. Advice and consultation can be provided online, by phone, or in-person.
No-Load Investment Options	CalSTRS Pension2 investment options do not contain front-end or back-end load fees. This means that every dollar contributed gets invested, and participants are not charged a fee to liquidate their investments.	See "Investment Options" tab for listing of no load funds available.
Self-Directed Brokerage Account	For those participants looking for control over their retirement portfolios, the Self-Directed Brokerage Account brings you access to a greatly expanded range of mutual funds. Through the fee-based brokerage account offered through Schwab Personal Choice Retirement,* you will have access to more than 800 no-transaction-fee mutual funds in addition to thousands of transaction-fee funds and certificates of deposit. You have to apply for and set up a separate Self-Directed Brokerage Account before you may trade mutual funds. Please note, however, the mutual funds are not selected, reviewed or monitored by CalSTRS. $50 annual charge applies for participants selecting the SDBA option.
Asset Allocation Planning	Asset allocation planning is provided via the CalSTRS Pension2 Easy Choice Portfolios. These portfolios are designed specifically for the participant and start with an asset allocation considered appropriate for the years from retirement and risk tolerance. Each portfolio gets more conservative over time as the participant gets closer to retirement.	Online tools available in Fidelity NetBenefits or by calling Customer Service at 800-343-0860.
Portfolio Rebalancing Program	With the CalSTRS Pension2 Easy Choice Portfolios, a participant's account is automatically re-balanced on a quarterly basis. This relieves that participant of the need to make complicated investment, portfolio reallocation and readjustments decisions.	Online tools available in Fidelity NetBenefits or by calling Customer Service at 800-343-0860.
Dollar Cost Averaging	By enrolling in CalSTRS Pension2 and establishing monthly contributions from your paycheck you are practicing dollar cost averaging. You are making regular contributions in consistent amounts. This allows you to take advantage of fluctuations in the market.
Fund Switches or Transfers	CalSTRS Pension2 participants are not charged to switch between funds or transfer money between funds.
Free Withdrawal	CalSTRS Pension2 participants do not have any withdrawal restrictions. They have full access to their account in retirement.
Loans	CalSTRS Pension2 participants are permitted to take loans on their account balance. There is a $50 one-time fee charged at the time of loan origination. The loan interest rate is prime rate + 1%. Maximum loan size is the lesser of 50% of your account balance or $50,000. Minimum loan size is $1,000.	Varies by employer/plan. Please call Fidelity Customer Service to confirm 800-343-0860.	Participant Loans are available if offered by the plan. Loan fees are comprised of a $50 setup fee plus an additional $6.25 per quarter fee.
Hardship Withdrawals	CalSTRS Pension2 participants can get a hardship withdrawal if their employer permits it. Reference your employer's written plan document for details on what constitutes a hardship withdrawal.	Varies by employer/plan. Please call Fidelity Customer Service to confirm 800-343-0860.	Hardship withdrawals are available if officered by the plan. No additional fees will apply due to self certification by participants.
Required Minimum Distribution Services	When a CalSTRS Pension2 participant turns the age of 73, they will receive two mailers throughout the year asking if they would like us to calculate their required minimum distribution automatically, or if they would like to opt out of the distribution altogether. If accepted, Voya and CalSTRS will generate a check for the appropriate required minimum distribution amount.	Varies by employer/plan. Please call Fidelity Customer Service to confirm 800-343-0860.	Participants can elect to enroll in the RMD service, where their RMD is automatically processed each year.
Roth Eligible
My Next Steps

My Next Steps

CalSTRS Pension2 - Personal Wealth Plan
CalSTRS Pension2
Mutual Fund

DISCONTINUED PRODUCT - Product not available to new enrollees.

Set as My Product Set as My Product Selected Product

Fidelity Direct 403(b)
Fidelity Investments
Mutual Fund

DISCONTINUED PRODUCT - Product not available to new enrollees.

Set as My Product Set as My Product Selected Product

Vanguard® 403(b) Services
Vanguard Group, The
Mutual Fund

DISCONTINUED PRODUCT - Product not available to new enrollees.

Set as My Product Set as My Product Selected Product

SURRENDER CHARGES

A surrender charge is a fee -- a cost that the insurance company imposes for the cancellation of a policy. It is intended to discourage account holders from terminating or altering their contracts and directing their money to a different investment.

Surrender Amounts

Surrender Penalty Charge Assessed on a Rolling Basis

Exceptions to Surrender Charges

FEES

Fees

Administrative Fee:
Amount/Percentage:	0.25%
Applied:	Annually
How Computed:	Percentage of Annual Assets
Fee Waiver:	Yes
Breakpoint:	No
Capped:	No

Loan Interest Fee:
Amount/Percentage:	8.50%
Applied:	Annually
How Computed:	Percent of Outstanding Loan Balance
Fee Waiver:	Yes
Breakpoint:	Yes
Capped:	No

Loan Origination Fee:
Amount/Percentage:	$50.00
Applied:	At the time of loan origination
How Computed:	Flat Dollar Amount
Fee Waiver:	No
Breakpoint:	No
Capped:	Yes

Optional Advisor Fee:
Amount/Percentage:	0.60%
Applied:	Annually
How Computed:	Percentage of Annual Assets
Fee Waiver:	No
Breakpoint:	No
Capped:	No

Optional Brokerage Fee:
Amount/Percentage:	$50.00
Applied:	Annually
How Computed:	Flat Dollar Amount
Fee Waiver:	No
Breakpoint:	No
Capped:	Yes

Custodial Fee:
Amount/Percentage:	$6.00
Applied:	Quarterly
How Computed:	Flat Dollar Amount
Fee Waiver:	No
Breakpoint:	No
Capped:	No

Loan Maintenance Fee:
Amount/Percentage:	$6.25
Applied:	Quarterly
How Computed:	Flat Dollar Amount
Fee Waiver:	Yes
Breakpoint:	No
Capped:	No

Loan Origination Fee:
Amount/Percentage:	$50.00
Applied:	At the time of loan origination
How Computed:	Flat Dollar Amount
Fee Waiver:	No
Breakpoint:	No
Capped:	Yes

Loan Maintenance Fee:
Amount/Percentage:	$6.25
Applied:	At the time of loan origination
How Computed:	Flat Dollar Amount
Fee Waiver:	No
Breakpoint:	No
Capped:	Yes

Loan Origination Fee:
Amount/Percentage:	$50.00
Applied:	At the time of loan origination
How Computed:	Flat Dollar Amount
Fee Waiver:	No
Breakpoint:	No
Capped:	Yes

Recordkeeping Fee:
Amount/Percentage:	$80.00
Applied:	Annually
How Computed:	Flat Dollar Amount
Fee Waiver:	Yes
Breakpoint:	No
Capped:	Yes

COMMISSIONS

A commission is a fee paid to a salesperson/agent/broker in exchange for services in facilitating a sale transaction. It could also be a fee paid in exchange for advisory services. The fee could be paid directly by you, or indirectly from the vendor to the salesperson.

Commissions

My Next Steps

Set as My Product Set as My Product Selected Product

My Next Steps

CalSTRS Pension2 - Personal Wealth Plan
CalSTRS Pension2
Mutual Fund

DISCONTINUED PRODUCT - Product not available to new enrollees.

Set as My Product Set as My Product Selected Product

Fidelity Direct 403(b)
Fidelity Investments
Mutual Fund

DISCONTINUED PRODUCT - Product not available to new enrollees.

Set as My Product Set as My Product Selected Product

Vanguard® 403(b) Services
Vanguard Group, The
Mutual Fund

DISCONTINUED PRODUCT - Product not available to new enrollees.

Set as My Product Set as My Product Selected Product

FIXED INVESTMENT OPTION

Fixed Investment Option

Name	Minimum Rate of Return	Current Rate
Voya Fixed Plus III	4.00	4.00

VARIABLE INVESTMENT OPTION

Average Expense Ratio

0.32%

0.55%

0.13%

Total Number of Variable Investment Options

172

Morningstar Ratings

NUMBER OF INVESTMENT OPTIONS:

No rating

To view a complete list of this products investment options, go to the Investment Options tab in the product details page.

My Next Steps

Set as My Product Set as My Product Selected Product