International Pool

Seeks long-term capital growth.

• Invests primarily in broadly diversified funds whose portfolios consist of common stocks from around the world with an emphasis on developed markets.
• Selects from a universe of both Fidelity and non-Fidelity mutual funds.
• Has potential for significant capital appreciation and also for significant risk.
• The International Pool has the highest risk of the Gift Fund pools and the highest potential for appreciation or depreciation.

All-Cap Equity Pool

Seeks long-term capital appreciation by investing primarily in actively managed mutual funds whose portfolios consist primarily of U.S. common stocks.

• Selects from a universe of both Fidelity and non-Fidelity mutual funds that invest in a broad range of market capitalization stocks covering large, mid and small cap stocks.
• Invests primarily in U.S. mutual funds that hold either "growth" or "value" stocks or both.

Interest-Income II Pool

Seeks a competitive level of income commensurate with current bond market conditions.

• Invests primarily in a range of fixed income funds, including those that focus on government bonds, high-quality corporate and agency bonds, high-yield securities, and other market sectors.
• Selects from a universe of both Fidelity and non-Fidelity mutual funds.
• Offers less risk than stock funds, with the potential for reasonable income and modest capital appreciation.

Growth Pool

Seeks long-term capital appreciation.

• Invests in Fidelity mutual funds that primarily seek growth-style stocks, many of which grow faster than the market and trade at higher valuation multiples.
• Maintains exposure to core-style funds, which combine both growth and value attributes.
• An aggressive equity investment for those donors seeking to build capital over the long term, with minimal current income.

Equity-Income Pool

Seeks reasonable total return from both capital appreciation and current income.

• Invests primarily in Fidelity funds that own U.S. value-style stocks, many of which trade at lower valuations and/or pay a relatively higher level of dividends than the stock market as a whole.
• Maintains exposure to "core" style funds which combine both growth and value attributes to enhance portfolio diversification.
• May have less volatility than the Growth Pool over the long term.

Interest-Income Pool

Seeks a competitive level of income commensurate with current bond market conditions.

• Invests primarily in a range of fixed income funds, including those that focus on government bonds, high-quality corporate and agency bonds, high-yield securities, and other market sectors.
• Offers less risk than stock funds, with the potential for reasonable income and modest capital appreciation.

Money Market Pool

Seeks to earn income at current money market rates while preserving capital.

• Invests in Fidelity money market mutual funds that are managed to keep their share prices stable and consist of high-quality and liquid money market instruments.
• Has the lowest risk and return potential of the Gift Fund pools.
• May be attractive to donors planning to recommend grants for the balance of their Giving Account within two years.

International Index Pool

Seeks long-term capital growth.

• Wholly invested in Fidelity's Spartan^® International Index Fund, which in turn normally invests at least 80% of its assets in common stocks included in the Morgan Stanley Capital International Europe, Australasia, Far East Index, which represents the performance of foreign stock markets.
• As an equity index tracking pool with no active management, the International Index Pool will have the risks associated with the underlying securities included in the index and will fluctuate in response to the activities of individual companies and general market and economic conditions.

Total Market Index Pool

Seeks long-term capital appreciation.

• Wholly invested in Fidelity's Spartan^® Total Market Index Fund, which in turn normally invests at least 80% of its assets in common stocks included in the Dow Jones Wilshire 5000 Composite Index.
• As an equity index tracking pool with no active management, the Total Market Index Pool will have the risks associated with the underlying securities included in the index and will fluctuate in response to the activities of individual companies and general market and economic conditions.

500 Index Pool

Seeks long-term capital appreciation.

• Wholly invested in Fidelity's Spartan^® 500 Index Fund, which in turn normally invests at least 80% of its assets in common stocks included in the S&P 500 Index.
• As an equity index tracking pool with no active management, the 500 Index Pool will have the risks associated with the underlying securities included in the index and will fluctuate in response to the activities of individual companies and general market and economic conditions.

U.S. Bond Index Pool

Seeks current income.

• Wholly invested in Fidelity U.S. Bond Index Fund, which in turn normally invests at least 80% of the fund's assets in bonds included in the Barclays Capital U.S. Aggregate Index.
• As a bond index tracking pool with no active management, the U.S. Bond Index Pool will have the risks associated with the underlying securities included in the index and will fluctuate in response to the activities of individual companies and general market and economic conditions.