The University System of Georgia ORP Transition Guide

Fidelity Investment Menufor University System Of GeorgiaTIER I: LIFECYCLE FUNDS*LIFECYCLE FUNDS Fidelity Freedom Funds ®TIER II: CORE INVESTMENT FUNDSPOTENTIALLY MORE INFLATION RISKAND LESS INVESTMENT RISKMONEY MARKET/SHORT-TERMBONDINTERNATIONAL BONDLARGE VALUELARGE BLENDMONEY MARKET/SHORT-TERMFidelity Retirement Government Money Market PortfolioFidelity Retirement Money Market PortfolioBONDFidelity U.S. Bond Index FundPIMCO Total Return Fund — Administrative ClassSpartan ® Intermediate Treasury Bond Index Fund — Investor ClassSpartan ® Long-Term Treasury Bond Index Fund — Investor ClassSpartan ® Short-Term Treasury Bond Index Fund — Investor ClassVanguard Long-Term Bond Index Fund — Investor SharesVanguard Short-Term Bond Index Fund — Investor SharesFidelity New Markets Income FundTempleton Global Bond Fund — Class ADOMESTIC EQUITYEaton Vance Large Cap Value Fund — Class ANeuberger Berman Guardian Fund — Trust ClassSpartan ® U.S. Equity Index Fund — Investor ClassPOTENTIALLY LESS INFLATION RISKAND MORE INVESTMENT RISKLARGE GROWTH Fidelity Contrafund ®MID VALUEMID BLENDMID GROWTHSMALL VALUESMALL BLENDSMALL GROWTHPerkins Mid Cap Value Fund — Class JAIM Mid Cap Core Equity Fund — Class AWells Fargo Advantage Common Stock FundWells Fargo Advantage Discovery Fund — Investor ClassNorthern Small Cap Value FundNeuberger Berman Genesis Fund — Trust ClassBaron Growth FundINTERNATIONAL/GLOBAL EQUITYINTERNATIONAL/GLOBAL EQUITY Morgan Stanley Institutional Fund, Inc. International Equity Portfolio — Class P SharesEMERGING MARKETSRS Emerging Markets Fund — Class A SharesTIER III: EXPANDED SELECTION (ALL OTHER FIDELITY AND NON-FIDELITY FUNDS)* Fidelity Freedom Funds are designed for investors expecting to retire around the year indicated in each fund’s name. Except for the FreedomIncome Fund, the funds’ asset allocation strategy becomes increasingly conservative as it approaches the target date and beyond. Ultimately,the funds are expected to merge with the Freedom Income Fund. The investment risk of each Fidelity Freedom Fund changes over time as itsasset allocation changes. The funds are subject to the volatility of the financial markets, including that of equity and fixed-income investmentsin the United States and abroad, and may be subject to risks associated with investing in high-yield, small-cap, commodity-linked, and foreignsecurities. Principal invested is not guaranteed at any time, including at or after the funds’ target dates.This spectrum, with the exception of the Domestic Equity category, is based on Fidelity’s analysis of the characteristics of the general investmentcategories and not on the actual investment options and their holdings, which can change frequently. Investment options in the Domestic Equitycategory are based on the options’ Morningstar categories as of 1/31/2010. Morningstar categories are based on a fund’s style as measured byits underlying portfolio holdings over the past three years and may change at any time. These style calculations do not represent the investmentoptions’ objectives and do not predict the investment options’ future styles. Investment options are listed in alphabetical order within eachinvestment category. Risk associated with the investment options can vary significantly within each particular investment category and therelative risk of categories may change under certain economic conditions. For a more complete discussion of risk associated with the mutual fundoptions, please read the prospectuses before making your investment decisions. The spectrum does not represent actual or implied performance.Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917544573.1.0University System of Georgia Optional Retirement Plan | 11