Investment Lineup Beginning July 7, 2017
To simplify your choices, the Committee has created the following four-tiered investment lineup.
The new investment lineup will be available on July 7, 2017. There will be four tiers of investment options within the lineup so you can easily create an investment mix to help you meet your retirement goals and investing style and needs. You do not need to choose from just one category; you may invest using any or all of these categories.
Tier 1: Target Date Funds
Target date funds are mutual funds that automatically reset the asset mix of stocks, bonds, and cash equivalents in their portfolios based on an anticipated retirement date. Their returns are not guaranteed, but depend on how the market performs.
Through the AURA Retirement Plans core fund line up, you have access to the Vanguard Target Retirement Date Funds. These are designed for investors expecting to retire around the year indicated in each fund's name. The funds are managed to gradually become more conservative over time as they approach the target date. The investment risk of each target date fund changes over time as its asset allocation changes. The funds are subject to the volatility of the financial markets, including that of equity and fixed-income investments in the U.S. and abroad, and may be subject to risks associated with investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at or after the funds' target dates.
Target Date Funds
|
Fund Name |
Ticker |
Vanguard Target Retirement Income Fund Investor Shares |
VTINX |
Vanguard Target Retirement 2015 Fund Investor Shares |
VTXVX |
Vanguard Target Retirement 2020 Fund Investor Shares |
VTWNX |
Vanguard Target Retirement 2025 Fund Investor Shares |
VTTVX |
Vanguard Target Retirement 2030 Fund Investor Shares |
VTHRX |
Vanguard Target Retirement 2035 Fund Investor Shares |
VTTHX |
Vanguard Target Retirement 2040 Fund Investor Shares |
VFORX |
Vanguard Target Retirement 2045 Fund Investor Shares |
VTIVX |
Vanguard Target Retirement 2050 Fund Investor Shares |
VFIFX |
Vanguard Target Retirement 2055 Fund Investor Shares |
VFFVX |
Vanguard Target Retirement 2060 Fund Investor Shares |
VTTSX |
Tier 2: Passive Investments (Core Array)
Passively managed funds (also called index funds) are designed to mirror a market index or benchmark. These funds generally have lower fees than funds that are "actively managed," that is, funds that try to outperform - or beat - market returns, rather than just track them.
Ultimately, index funds are designed to provide exposure to a broad selection of securities at a relatively low cost. While these funds typically perform very similarly to the index they track, you should be aware that index funds cannot be expected to meet or beat the index's performance.
Passive Investments (Core Array)
|
Fund Name |
Ticker |
Fidelity® U.S. Bond Index Fund – Premium Class |
FSITX |
Fidelity® 500 Index Fund – Institutional Class |
FXSIX |
Fidelity® Extended Market Index Fund – Premium Class |
FSEVX |
Fidelity® International Index Fund – Premium Class |
FSIVX |
Tier 3: Actively Managed Funds (Extended Array)
Actively managed funds try to outperform comparable market indices or benchmarks. These funds are actively managed by a fund manager or team of managers who select the investments they think will deliver the best combination of risk and return. Actively managed funds often have higher fees than passively managed funds due to the level of involvement the fund manager has in maintaining the portfolio. These actively managed funds give you a great degree of flexibility and the ability to rebalance and manage the portfolio over time and as your situation changes.
The cost of actively managed funds may be higher than passively managed funds.
Actively Managed Funds (Extended Array)
|
Fund Name |
Ticker |
New York Life Guaranteed Interest Account |
n/a |
Vanguard Intermediate-Term Government Bond Index Fund Admiral Shares |
VSIGX |
Prudential Total Return Bond Fund Class Q |
PTRQX |
Invesco Diversified Dividend Fund Class R6 |
LCEFX |
Vanguard FTSE Social Index Fund Investor Shares |
VFTSX |
T. Rowe Price Blue Chip Growth Fund I Class |
TBCIX |
Northern Small Cap Value Fund |
NOSGX |
Wells Fargo Small Company Growth Fund - Class R6 |
WSCRX |
Causeway International Value Fund Class Institutional |
CIVIX |
Invesco International Growth Fund Class R6 |
IGFRX |
Vanguard REIT Index Fund Admiral Shares |
VGSLX |
Tier 4: Fidelity Mutual Fund Window
A self-directed brokerage account combines the convenience of your retirement plan with the additional flexibility of an individual brokerage account. It gives you expanded mutual fund investment choices and the opportunity to manage your retirement contributions.
A self-directed brokerage account includes investments beyond those in your plan's lineup. The Retirement Plan Oversight Committee neither evaluates nor monitors the investments available through a self-directed brokerage account. It is your responsibility to ensure that the investments you select are suitable for your situation, including your goals, time horizon, and risk tolerance. Contact Fidelity for a fact sheet and/or commission schedule for applicable fees and risks.
For more information, please visit NetBenefits.com or call Fidelity at 800-343-0860.
For more information on these options, please see the Investment Options Guide.