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Choice Plan Investment Options
You may choose to have your Choice Plan funds invested in one or several different funds.
The funds were recommended to PERSI by an international investment consulting firm that was selected to recommend the asset classes and to perform the search for investment managers. The selected funds offer a variety of different investment types including large, mid and small capitalization U.S. equity, international equity, index funds and stable value. Based on the independent research, we feel these funds are currently some of the best investment managers available. We also feel that most members of the Choice Plan should be able to meet their investment objectives with these funds.
You may, if you wish, transfer all or a portion of your Choice Plan funds from the default PERSI Total Return Fund among these other funds. You may be in as many of the different funds as you wish, and you may transfer among the funds as often as you want
to except for the international funds which have trading
restrictions. You may change funds via: Telephone or Web
Site Choice
Plan 401(k) Trading Restrictions - Rapid trading
practices by a small number of Choice Plan participants triggers Retirement
Board to make changes to 401(k) investment policies.
Your Choice Plan Investment Options:
PERSI Total Return Fund
(no ticker symbol) This is the fund default. It invests the assets of the Base Plan, and is where gain sharing came from. It is a diversified fund that generally invests 45-55% in US equities, 15-25% in international equities, and some 30% in fixed income. Includes primarily publicly traded stocks and bonds with some private holdings in real estate, private equity and commercial mortgages. Additional information on the PERSI Fund:
SEI Stable Asset Fund
(no ticker symbol) Asset Class: Stable Value Fixed Income Type of Fund: Collective Fund Fund Manager: Dwight Asset Management Co., Burlington VT Seeks to provide high fixed-income returns, similar to intermediate-term bonds of comparable quality, while preserving principal and reducing risk.
Mellon Aggregate Bond Index Fund
(no ticker symbol) Asset Class: Lehman Brothers Aggregate Index Type of Fund: Collective Fund Fund Manager: Mellon Capital Management Investment Grade US Bond Index Fund. Seeks to replicate the performance of the Lehman Brothers Aggregate Index with securities from each industry, quality and duration of the Index.
Dodge and Cox Fixed Income Fund (DODIX) Asset Class: Core Plus Fixed Income Type of Fund: Mutual Fund Fund Manager: Dodge & Cox Investment Managers, San Francisco, CA Seeks a high and stable rate of current income, consistent with long-term preservation of capital. A secondary objective is to take advantage of opportunities to realize capital appreciation.
Mellon S&P500 Stock Index Fund
(no ticker symbol) Asset Class: S&P500 Index Type of Fund: Collective Fund Fund Manager: Mellon Capital Management Seeks to match the performance of the Standard & Poor's Index. The fund employs full replication, holding each company in proportion to its market capitalization weight in the Index.
Mellon
Wilshire 5000 Stock Index Fund
(no ticker symbol) Asset Class: Wilshire 5000 Index Type of Fund: Collective Fund Fund Manager: Mellon Capital Management Seeks to replicate the returns and characteristics of the Wilshire 5000 index, combined with the foreign securities contained in the S&P 500 Index.
Vanguard Growth and Income Fund
(VGIAX) Asset Class: Large Capitalization Core Equity Type of Fund: Mutual Fund Fund Manager: The Vanguard
Group, Valley Forge, PA Seeks stocks that appear to be undervalued by the market and that, as a group, appear likely to provide higher returns than the unmanaged S&P 500 index, a widely recognized benchmark of US stock market performance, while having similar risk characteristics. T.
Rowe Price Small Cap Stock Fund (OTCFX) Asset Class: Small Cap
stock fund Type of Fund:
Mutual Fund Fund Manager: T.
Rowe Price Seeks long-term growth of capital by investing primarily in the common stocks of small companies. It tempers the generally higher risk of small company securities by investing in both growth- and value-oriented stocks.
Mellon International Stock (EAFE) Index Fund (no ticker symbol) Asset Class: International Equity Index Fund (EAFE) Index Type of Fund: Collective Fund Fund Manager: Mellon Capital Management Seeks to match the performance of the MSCI EAFE Index while providing low-cost, broadly diversified, non-US exposure. EAFE is an acronym for the "Europe and Australasia, Far East" Equity Index.
Brandes International Equity Fund (BIIEX) Asset Class: International Equity Core Type of Fund: Mutual Fund Fund Manager: Brandes Investment Partners, San Diego, CA Seeks long-term capital appreciation. Invests 65%+ of assets in equities of issuers located in no less than three foreign countries. Typically invests in large cap companies. Note: although this fund is closed to new investors, PERSI Choice Plan members may participate in this fund.
Mellon Wilshire 4500 Completion Index Fund (no ticker symbol) Asset Class: Wilshire 4500 Completion Index Type of Fund: Collective Fund Fund Manager: Mellon Capital Management Seeks to replicate the returns and characteristics of the Wilshire 4500 Completion Index.
Calvert SRI Sudan-Free Balanced Fund (CBAIX) Asset Class: Balanced Fund Type of Fund: Mutual Fund Fund Manager: Calvert Institutional Group Seeks to achieve a competitive total return through an actively managed portfolio of stocks, bonds, and money market instruments, which offer income and capital growth opportunity and satisfy the investment and social criteria.
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