Choice 401(k) Plan Investment Options
You may choose to have your Choice 401(k) Plan funds invested in one or several different funds.
The Choice Plan options offer a variety of different investment types including U.S. equity, international equity, index, balanced, and fixed income funds. The PERSI Total Return Fund (TRF) is the default fund for the Choice Plan. You may, if you wish, transfer all or a portion of your Choice Plan funds from the TRF among these other funds. You may be in as many of the different funds as you wish, and you may transfer among the funds subject to trading restrictions in certain of the funds. You may complete fund transfers via:
Website
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Or |
Telephone
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You may also change how your future contributions are invested. Select "Change Future Investments" under the "Action" tabs after logging into your account.
Important Disclosures:
- Choice Plan Investment Fees
- BNY Mellon Pricing Policy
- Choice Plan Investment Policy
- Choice 401(k) Plan Trading Restrictions–Trading restrictions may be placed on a fund either by the PERSI Board of Directors or by the fund. These are described in the attached.
Your Choice Plan Investments
Balanced Options
PERSI Total Return Fund (no ticker symbol)
Asset Class: Balanced Fund
Benchmark: Policy Bench(55% R3000, 15% MSCI EAFE, 30% Barclay's Aggregate)
Policy Bench(55% R3000, 15% MSCI EAFE, 30% Barclay's Aggregate)
This is the fund default. It invests the assets of the PERSI Base Plan, It is a diversified fund that generally invests 50-65% in US equities, 10-20% in international equities, and some 23-33% 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 Total Return
View Fund Summary
PERSI TRF Full Disclosure
Annual Financial Report
Calvert SRI Sudan-Free Balanced Fund (CBAIX)
Asset Class: Balanced Fund
Benchmark: Custom (60% R1000, 40% Barclays Aggregate)
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.
Equity Options
Mellon US Equity Market Strategy Index Fund (no ticker symbol)
Asset Class: Domestic Equity (Full Cap)
Benchmark: Dow Jones US Total Stock Market
Type of Fund: Collective Fund
Fund Manager: Mellon Capital Management
Seeks to track the performance of all available US equity securities.
Mellon S&P 500 Stock Index Fund (no ticker symbol)
Asset Class: Domestic Equity (Large Cap)
Benchmark: S&P 500 Index
Type of Fund: Collective Fund
Fund Manager: Mellon Capital Management
Seeks to track the performance of the Standard & Poor's 500 Index. The fund employs full replication, holding each company in proportion to its market capitalization weight in the Index.
Vanguard Growth and Income Fund (VGIAX)
Asset Class: Domestic Equity (Large Cap)
Benchmark: S&P 500 Index
Type of Fund: Mutual Fund
Fund Manager: The Vanguard Group, Valley Forge, PA
Seeks to provide a total return (capital appreciation plus dividend income) greater than the Standard's and Poor's 500 Index
http://institutional.vanguard.com/
Mellon Market Completion Stock Index Fund (no ticker symbol)
Asset Class: Domestic Equity (Mid and Small Cap)
Benchmark: Dow Jones US Completion Total Stock Market
Type of Fund: Collective Fund
Fund Manager: Mellon Capital Management
Seeks to track the performance of all available US equity securities excluding the S&P 500.
T. Rowe Price Small Cap Stock Fund (OTCFX)
Asset Class: Domestic Equity (Small Cap)
Benchmark: Russell 2000 Index
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
Benchmark: MSCI EAFE Index
Type of Fund: Collective Fund
Fund Manager: Mellon Capital Management
Seeks to track 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
Benchmark: MSCI EAFE Index
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.
Fixed Income Options
Mellon Aggregate Bond Index Fund (no ticker symbol)
Asset Class: Fixed Income
Benchmark: Barclays US Aggregate Bond Index
Type of Fund: Collective Fund
Fund Manager: Mellon Capital Management
Investment Grade US Bond Index Fund. Seeks to track the performance of the Barclays Capital US Aggregate Index with securities from each industry, quality and duration of the Index.
Dodge and Cox Fixed Income Fund (DODIX)
Asset Class: Fixed Income
Benchmark: Barclays US Aggregate Bond Index
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.
PERSI Short-Term Investment Portfolio(STIP)
Asset Class: Fixed Income
Asset Class: BML (Bank Of America Merrill Lynch) 91-day T-bills
Fund Manager: Clearwater Advisors, LLP
Seeks to provide fixed income returns consistent with prevailing short-term U.S. interest rates while focusing on capital preservation and liquidity. Both the yield and principal value may fluctuate.
(This fund option became available 10/30/2010)
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