investment options
choosing your investments
To change how your contributions are invested, log in to your NetBenefits account and choose Change Investments. Not sure where to start? Fidelity offers guidance resources if you need help or would like guidance about choosing investments.
the ESIP investment options are organized into four tiers
Target Retirement Trusts provide an opportunity to create a diversified portfolio containing both stocks and bonds with a single investment. Each trust gradually changes its investment mix from more aggressive to more conservative over time to keep your assets invested appropriately for your stage in life, up to and including your retirement years. The year in the trust name is its target date – the approximate year in which an investor in the fund expects to retire and leave the workforce. Even though Target Retirement Trusts simplify the investment process, they still require some monitoring to ensure the portfolio is in line with your current situation.
- Vanguard Target Retirement Income Trust Select
- Vanguard Target Retirement 2015 Trust Select
- Vanguard Target Retirement 2020 Trust Select
- Vanguard Target Retirement 2025 Trust Select
- Vanguard Target Retirement 2030 Trust Select
- Vanguard Target Retirement 2035 Trust Select
- Vanguard Target Retirement 2040 Trust Select
- Vanguard Target Retirement 2045 Trust Select
- Vanguard Target Retirement 2050 Trust Select
- Vanguard Target Retirement 2055 Trust Select
- Vanguard Target Retirement 2060 Trust Select
- Vanguard Target Retirement 2065 Trust Select
Visit NetBenefits for fund and performance information.
Vanguard Target Retirement Trusts are not mutual funds. They are collective trusts available only to tax-qualified plans and their eligible participants. Investment objectives, risks, charges, expenses and other important information should be considered carefully before investing. The collective trust mandates are managed by Vanguard Fiduciary Trust Company, a wholly owned subsidiary of The Vanguard Group, Inc.
The core investment lineup includes a broad range of investment options that, when used in combination, can provide significant diversification. You can select from a variety of money market, balanced, bond and stock mutual funds and collective trusts to create a portfolio that you believe is right for your investment objective, time horizon and risk tolerance.
With the exception of a money market fund and Chevron Stock, the core lineup is composed of passive index funds and collective trusts. These are investment options that seek to track the investment performance of specific indexes, such as the Standard & Poor’s 500 Index.
- State Street U.S. Inflation Protected Bond Index Non-Lending Series Fund Class C
- Vanguard Developed Markets Index Fund Institutional Plus Shares
- Vanguard Emerging Markets Stock Index Fund Institutional Plus Shares
- Vanguard Federal Money Market Fund Investor Shares
- Vanguard Institutional Total Bond Market Index Trust
- Vanguard Institutional 500 Index Trust
- Vanguard Institutional Extended Market Index Trust
- Vanguard REIT Index Fund Institutional Shares
- Vanguard Short-Term Bond Index Fund Institutional Plus Shares
- Chevron Common Stock Fund
- Chevron Leveraged ESOP Fund*
Visit NetBenefits for fund and performance information.
*This fund is not an active investment option. You cannot direct contributions to the fund or move money from other investment options to it. You can, however, transfer money from the fund to other investment options at any time. If you transfer money from the fund, you will not be able to trade back into ESOP shares.
chevron stock dividend elections
You can elect to receive payment for dividends you earn in your Chevron stock account. Unless you elect otherwise, dividends from company stock are automatically reinvested in the plan for you. If you elect to receive dividends, they’ll be considered taxable income when paid to you.
To make your election, call the HR Service Center and choose the menu option for the ESIP to talk to Fidelity. Note that once you have elected to receive dividends in cash, your election will remain in effect unless you call Fidelity with other instructions.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
If you want more investment flexibility and diversification, you can also invest in supplemental investments. These funds are actively managed, which means that the fund manager seeks to outperform the market or a specific market segment.
- Dodge & Cox Income Separate Account
- Vanguard Value Index Fund Institutional Shares
- Vanguard PRIMECAP Fund Admiral Shares
- Capital Group EuroPacific Growth Trust Class U3
Visit NetBenefits for fund and performance information.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
For even greater choice in your investment decision-making, you may want to use the brokerage option in the plan. With this option, you open an account with Fidelity BrokerageLink®. Then, you can invest up to 50 percent of your ESIP balance in thousands of mutual funds and exchange-traded funds (ETFs) that are not included in your Target Retirement Trust, core or supplemental investment options. Keep in mind that the risks can be substantially different with this strategy — and while there is no annual fee, you’ll be responsible for paying commissions and other costs. For more information, review the BrokerageLink Commission Schedule. Stocks and options are currently not available under the ESIP BrokerageLink option.
Has your address changed?
If you are enrolled in BrokerageLink and have a change of address, you will need to change it in two places:
- For your ESIP account, on the My HR Portal.
- For your BrokerageLink account, call the HR Service Center and choose the menu option for the ESIP to talk to Fidelity.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
This web page provides only certain highlights about changes of benefit provisions. It is not intended to be a complete explanation. If there are any discrepancies between this communication and the legal plan documents, the legal plan documents will prevail to the extent permitted by law. There are no vested rights with respect to Chevron health care plans or any company contributions towards the cost of such health care plans. Rather, Chevron Corporation reserves all rights, for any reason and at any time, to amend, change or terminate these plans or to change or eliminate the company contribution toward the cost of such plans. Such amendments, changes, terminations or eliminations may be applicable without regard to whether someone previously terminated employment with Chevron or previously was subject to a grandfathering provision. Some benefit plans and policies described in this document may be subject to collective bargaining and, therefore, may not apply to union-represented employees.
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