Profile: FRS Select Foreign Stk Indx
Fd Part Account Fund (F10)
Profile Issued 09/10
Asset Class and Fund Objective:
Core foreign stock fund focusing on developed markets
Fund Type:
Institutional fund
Index or Active Strategy:
Index fund that attempts to achieve the total return of the Morgan Stanley Capital International (MSCI) World (Excluding U.S.) Index
Management Type:
Passively Managed
Fees and Fund Expenses
The fund does not have sales charges on purchases or dividend reinvestments, deferred
sales charges, redemption fees or exchange fees. Excessive trading restrictions may apply
— see Detailed Fund Operations.
Fund Operating Expenses (deducted from your account as a percent of assets)
FRS Select Foreign Stk Indx Fd Part Account
Range of Fees in Foreign Stock Funds
Range of Fees for Balanced Funds
Annual Fees in Percent of Assets
0.02%
0.02% - 0.61%
0.04% - 0.06%
For a $10,000 Account You Would Pay
First Year Fee
$2
$2 - $61
$4 - $6
Total Fees over 30 Years in Today's Dollars
$60
$60 - $2015
$135 - $170
Fees represent the most current information available and are subject to change without prior notice. Fees are net of any contractual reimbursements
to you. Fees and expenses are only one of several factors that should be considered when making investment decisions.
Principal Investment Strategies and Risks of Investing in the Fund
The fund seeks long-term capital growth. The fund uses an instiutional investment manager
acting as fiduciary to the FRS. The fund will be passively managed (an index fund) and primarily
invests in developed foreign stocks (e.g. from Cananda, Europe and Asia) contained in the MSCI
World ex U.S. Index. The fund intends to closely track the performance of the unmanaged
MSCI World ex U.S. Index.
The fund's total return will fluctuate over a wide range, consistent with its reliance
on investing in foreign stocks. Investors in the fund should have a long-term investment horizon.
The fund is not a complete investment program and returns may lag the returns of a balanced
portfolio with comparable risk. The fund's strategy for tracking its benchmark may cause it
to lag the benchmark as the strategy incurs trading costs through security turnover not
experienced in the benchmark. Your investment in the fund is not a bank deposit and is not
insured or guaranteed by the F.D.I.C. or any other government entity. It is possible to lose
money investing in the fund and returns may not keep pace with inflation.
Asset Allocation as of
6/30/10
Sector Exposure as of
6/30/10
Consumer Discretionary
9.67%
Regional Exposure as of
6/30/10
Pacific Rim and other
11.24%
Other Portfolio Measures as of
6/30/10
Percent in Top 10 Holdings
10.94%
Number of Fund Holdings
1099
Average Price Earnings Ratio
14.26
Data gathered from various third-party sources. Selector allocations are approximate and will vary over time.
Average Annual Returns and Risk for Periods Ending July 31, 2010
One Year
5 Years
10 Years
Investment Fund
6.64%
2.93%
2.13%
MSCI World Ex-US Index
6.88%
2.63%
1.87%
Average Annual Risk (Standard Deviation)
Investment Fund
19.71%
21.52%
18.66%
MSCI World Ex-US Index *
18.70%
21.03%
18.36%
FRS Select Moderate Balanced Fund
8.53%
11.04%
10.25%
For all time periods, actual index manager's historical performance data
has been adjusted for fees that are specific to the FRS.
Other Historical Risk Measures: 5 Year Period Ending July 31, 2010
FRS Select Foreign Stk Indx Fd Part Account
Range of Measure in Foreign Stock Funds
Range of Measure for Balanced Funds
Beta vs. Benchmark *
99.96%
99.96% - 99.96%
97.31% - 99.74%
Tracking Error vs. Benchmark *
2.48%
2.48% - 4.36%
0.46% - 0.91%
Highest Quarterly Return
23.44%
18.19% - 23.44%
4.14% - 12.65%
Lowest Quarterly Return
-33.61%
-33.61% - -28.31%
-24.31% - -8.72%
Performance Alarms
0
0 - 1
0 - 1
For all time periods, actual index manager's historical performance data has been adjusted
for fees that are specific to the FRS. Beta is the average percent change in the fund's return
if there is a 1% change in the benchmark's return. Tracking Error is the standard deviation of
the statistically unexplained difference between the fund's return and the benchmark return.
Performance alarms are a statistical measure of underperformance relative to the benchmark.
Multiple alarms may imply a higher risk of future underperformance.
You need to upgrade your Flash Player
See how $10,000 invested in this fund since plan/fund inception would have grown over time (based on unit value) in the
Growth of $10,000 Chart on the MyFRS.com website.
Fund Management and Marketing
Investment Manager(s):
BlackRock
Portfolio Manager(s):
See Detailed Fund Operations
Before You Choose a Fund in the FRS Investment Plan
Keep in mind that past performance does not guarantee future results. So before choosing, get objective,
professional guidance on what specific funds would best fit your needs and the level of risk involved. Call the MyFRS Financial
Guidance Line at 1-866-446-9377, Option 2 (TRS 711), or visit MyFRS.com for free guidance and additional information on this
investment fund, including Financial Engines' Fund Score Card and
Detailed Fund Operations. These reports discuss the investment strategies and other factors that
may significantly affect the fund's performance. You can also make daily account transfers or withdrawals through these phone and online
resources, unless the fund has transfer restrictions.
This profile is intended for use in connection with the FRS Investment Plan, pursuant to Florida law, and is not intended for use by other investors.
Sections 121.4501(8)(b)4. and 121.4501(15)(b), Florida Statutes, incorporates the federal law concept of participant control, established
by regulations of the U.S. Department of Labor under section 404(c) of the Employee Retirement Income Security Act of 1974. If you exercise
control over the assets in your Investment Plan account, pursuant to section 404(c) regulations and all applicable laws governing the
operation of the Investment Plan, no program fiduciary shall be liable for any loss to your account which results from your exercise of control.