Asset Class and Fund Objective:
Core money market fund
Fund Type:
Institutional fund
Index or Active Strategy:
Active fund that attempts to beat the total return of the iMoneyNet Money Fund Average Index
Management Type:
Actively 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 Yield Plus MM Participant Account
Range of Fees in Money Market Funds
Range of Fees for Balanced Funds
Annual Fees in Percent of Assets
0.06%
0.06%   -   0.06%
0.04%   -   0.06%
For a $10,000 Account You Would Pay
 
 
 
First Year Fee
$6
$6   -   $6
$4   -   $6
Total Fees over 30 Years in Today's Dollars
$186
$186   -   $186
$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 to provide high current income, liquidity and capital preservation. The fund uses an institutional investment manager acting as a fiduciary to the FRS. The fund will be actively managed and primarily invests in high quality, liquid, short-term instruments contained in the iMoneyNet Money Funds Average Index. The fund intends to closely track the performance of the unmanaged iMoneyNet Money Funds Average Index.
The fund's total return will fluctuate over a relatively narrow range, consistant with its reliance on investing in short-term securities. 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 emphasis on short-term securities may cause it to lag the returns of the broad U.S. bond market. The fund's strategy for outperforming its benchmark may cause it to lag the benchmark as the strategy relies on predictions and incurring trading costs through security turnover. 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
Cash
100.00%
Bonds
U.S. Stocks
Foreign Stock
Other
 
 
Sector Exposure as of
6/30/10
AAAtoAA
100.00%
A
BBB
BB
BandBelow
 
 
 
Regional Exposure as of
6/30/10
U.S. and Canada
87.80%
Europe
11.90%
Japan
Latin America
Pacific Rim and other
0.30%
 
 
Other Portfolio Measures as of
6/30/10
Percent in Top 10 Holdings
30.00%
Number of Fund Holdings
184
Yield
0.36%
Weighted Average Maturity (in days)
20 Days
Turnover
720.00%
 
 
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
Average Annual Returns
 
 
 
Investment Fund
0.23%
3.00%
2.83%
iMoneyNet Money Funds Average
0.35%
3.20%
2.93%
 
 
 
 
Average Annual Risk (Standard Deviation)
 
 
 
Investment Fund
0.01%
0.62%
0.57%
iMoneyNet Money Funds Average *
0.02%
0.58%
0.55%
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 Yield Plus MM Participant Account
Range of Measure in Money Market Funds
Range of Measure for Balanced Funds
Beta vs. Benchmark *
103.62%
103.62%   -   103.62%
97.31%   -   99.74%
Tracking Error vs. Benchmark *
0.08%
0.08%   -   0.08%
0.46%   -   0.91%
Highest Quarterly Return
1.36%
1.36%   -   1.36%
4.14%   -   12.65%
Lowest Quarterly Return
0.00%
0.00%   -   0.00%
-24.31%   -   -8.72%
Performance Alarms
0
0   -   0
0   -   1
 
For all time periods actual index manager's historical performance data has been adjusted for fees 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.
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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
Marketing Company:
None
 

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.