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Fidelity Investments Reopens Low-Priced Stock Fund to ORP for Higher Education Participants
Fidelity Investments recently announced the reopening of its Low-Priced Stock Fund to participants in the Optional Retirement Plan for Higher Education (ORPHE). Participants in the ORPHE can now contribute to this fund, which was previously closed.
Fidelity’s Low-Priced Stock Fund seeks capital appreciation by investing at least 80 percent of its assets in stocks that are priced at or below $35 per share, currently, or at the time of the investment. It also may invest in the common stocks of domestic and foreign insurers, and may invest in growth stocks, value stocks or both.
Qualified employees of Virginia’s public colleges and universities have the option to participate in the ORPHE, a defined contribution plan, instead of the VRS defined benefit plan. Participants in the ORPHE have access to a wide range of investment options offered through Fidelity Investments and TIAA-CREF, the two plan providers.
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