ndpers 401(a) defined contribution quarterly report 4th ... · ndpers 401(a) defined contribution...
TRANSCRIPT
NDPERS
401(a) Defined Contribution
Quarterly Report
4th Quarter
10/1/2019 – 12/31/2019
North Dakota Public Employees Retirement System
400 E Bdwy, Suite 505
Box 1657
Bismarck, ND 58502
March 13, 2018 – The NDPERS Board put the Prudential Mid Cap Growth fund (PEGZX) on Formal Fund Review.
March 12, 2019 - The NDPERS Board approved the following actions for the 401(a) Defined Contribution plan:
Close the Allianz NFJ Small Cap fund (PVADX) and replace it with the Northern Small Cap Value fund (NOSGX).
Close the Franklin Mutual Discovery fund (MDISX) and replace it with the American Funds New Perspective (RNPEX).
Close the PIMCO Real Return fund (PARRX) and replace it with the MassMutual Premier Inflation Protection fund (MIPYX).
September 10, 2019 – The NDPERS Board approved the following actions for the 401(a) Defined Contribution plan:
The NDPERS Board approved removing the Wells Fargo Growth fund (SGRKX) from Formal Fund Review.
The NDPERS Board put the PIMCO Total Return fund (PTRAX) on Formal Fund Review.
The NDPERS Board put the AMG/Fairpointe Mid Cap fund (ABMIX) on Formal Fund Review.
December 10, 2019 – The NDPERS Board approved the following actions for the 401(a) Defined Contribution plan:
The NDPERS Board put the Templeton Global Bond fund (TGBAX) on Formal Fund Review.
Close the AMG/Fairpointe Mid Cap fund (ABMIX).
NDPERS 401(a) Defined Contribution Plan & 457 Companion Plan - TIAA-CREF
INITIAL OFFERING:
Hartford Dividend & Growth Vanguard 500 Index Signal Franklin Growth Adv
T.Rowe Price Equity Income Vanguard Dividend Growth Wells Fargo Adv Growth Adm
LARGE
Virtus Mid Cap Value Equity I AMG/Fairpointe Mid Cap I Prudential Jennison Mid Cap Growth Z
Columbia Mid Cap Index A
MEDIUM
Northern Small Cap Value DFA US Small Cap Brown Capital Mgmt Small Co Inv
SMALL
VALUE BLEND GROWTH
BALANCED FUND: T.Rowe Price Capital Appreciation
INCOME FUNDS: Wells Fargo Stable Value Fund J Vanguard Prime Money Market
BOND FUNDS: PIMCO Total Return Bond Fund Vanguard Total Bond Index Fund Templeton Global Bond
Mass Mutual Inflation Protected Bond Fund Prudential High Yield Z
REAL ESTATE: Cohen & Steers Realty Shares
INTERNATIONAL FUNDS: American Funds New Perspective Vanguard Total Intl Stock Index Oppenheimer Developing Markets Y
LIFESTYLE FUNDS: TIAA-CREF Lifecycle Ret Income TIAA-CREF Lifecycle 2025 TIAA-CREF Lifecycle 2045
TIAA-CREF Lifecycle 2010 TIAA-CREF Lifecycle 2030 TIAA-CREF Lifecycle 2050
TIAA-CREF Lifecycle 2015 TIAA-CREF Lifecycle 2035 TIAA-CREF Lifecycle 2055
TIAA-CREF Lifecycle 2020 TIAA-CREF Lifecycle 2040 TIAA-CREF Lifecycle 2060
FUND STYLE CHANGES:
Vanguard Dividend Growth
LARGE
AMG/Fairpointe Mid Cap I
Brown Capital Mgmt Small Co Inv MEDIUM
SMALL
VALUE BLEND GROWTH
OTHER FUNDS:
CURRENT LINEUP:
Hartford Dividend & Growth Vanguard 500 Index Signal Franklin Growth Adv
T.Rowe Price Equity Income Wells Fargo Adv Growth Adm
Vanguard Dividend Growth LARGE
AMG/Fairpointe Mid Cap I Columbia Mid Cap Index A Prudential Jennison Mid Cap Growth Z
Virtus Mid Cap Value Equity
MEDIUM
Brown Capital Mgmt Small Co Inv
Northern Small Cap Value DFA US Small Cap
SMALL
VALUE BLEND GROWTH
BALANCED FUND: T.Rowe Price Capital Appreciation
INCOME FUNDS: Wells Fargo Stable Value Fund J Vanguard Treasury Money Market
BOND FUNDS: PIMCO Total Return Bond Fund Vanguard Total Bond Index Fund Templeton Global Bond
Mass Mutual Inflation Protected Bond Fund Prudential High Yield Z
REAL ESTATE: Cohen & Steers Realty Shares
INTERNATIONAL FUNDS: American Funds New Perspective Vanguard Total Intl Stock Index Oppenheimer Developing Markets Y
LIFESTYLE FUNDS: TIAA-CREF Lifecycle Ret Income TIAA-CREF Lifecycle 2025 TIAA-CREF Lifecycle 2045
TIAA-CREF Lifecycle 2010 TIAA-CREF Lifecycle 2030 TIAA-CREF Lifecycle 2050
TIAA-CREF Lifecycle 2015 TIAA-CREF Lifecycle 2035 TIAA-CREF Lifecycle 2055
TIAA-CREF Lifecycle 2020 TIAA-CREF Lifecycle 2040 TIAA-CREF Lifecycle 2060
NDPERS Investment Benchmarks - 4th Quarter 2019
Quarter Y-T-D 1-Year 3-Year 5-YearStable Value / Money Market Fund
Vanguard Treasury Money Market - VUSXX 0.43% 2.14% 2.14% 1.57% 1.00%
Wells Fargo Stable Return Fund J - WFSJ# 0.43% 1.68% 1.68% 1.39% 1.19%
3 Month T-Bill Index 0.46% 2.25% 2.25% 1.65% 1.05%
Fixed Income Fund
Mass Mutual Income Bond Fund - MIPYX 0.65% 8.02% 8.02% 3.18% 2.58%
PIMCO Total Return Bond Fund - PTRAX <ON WATCH> -0.36% 7.99% 7.99% 4.06% 2.99%
Vanguard Total Bond Market Index Fund - VBTLX 0.03% 8.71% 8.71% 4.02% 3.00%
US Aggregate Bond Index 2.27% 8.52% 8.52% 2.92% 3.38%
Taxable Corporate Bond Fund Universe 1.21% 13.03% 13.03% 5.22% 4.22%
Prudential High Yield Z - PHYZX 3.05% 16.08% 16.08% 7.28% 6.76%
ML High Yield Bond Fund Index 2.61% 14.41% 14.41% 6.32% 6.13%
High Yield Bond Fund Universe 2.31% 12.62% 12.62% 5.31% 4.87%
Templeton Global Bond Adv - TGBAX <ON WATCH> 1.56% 0.89% 0.89% 1.65% 1.45%
World Govt Bond Index 1.23% 6.73% 6.73% 3.92% 1.78%
World Bond Fund Universe -0.35% 5.90% 5.90% 4.12% 2.03%
Real Estate Fund
Cohen & Steers Realty Shares - CSRSX 0.23% 32.90% 32.90% 10.89% 8.62%
FTSE NAREIT Equity REITs Index 0.13% 28.66% 28.66% 10.29% 8.43%
Real Estate Fund Universe 0.63% 27.28% 27.28% 12.11% 8.66%
Balanced Fund
T.Rowe Price Capital Appreciation - PACLX 5.42% 24.20% 24.20% 12.75% 10.21%
60% Large Cap Value Univ & 40% Taxable Bond Universe 4.91% 20.24% 20.24% 8.07% 6.48%
60% Russell 1000 Value & 40% Agg Bond Index 5.35% 19.33% 19.33% 6.98% 6.33%
Large Cap Equities - Value
Hartford Dividend & Growth - HDGTX 7.53% 28.13% 28.13% 12.75% 10.18%
T.Rowe Price Equity Income - PRFDX 6.96% 26.58% 26.58% 10.08% 8.23%
Russell 1000 Value Index 7.41% 26.54% 26.54% 9.68% 8.29%
Large Cap Value Fund Universe 7.38% 25.04% 25.04% 9.97% 7.99%
Large Cap Equities - Blend
Vanguard Institutional Index - VINIX 9.06% 31.46% 31.46% 15.24% 11.67%
Vanguard Dividend Growth Fund - VDIGX 4.58% 30.95% 30.95% 16.11% 11.55%
S&P 500 Index 9.07% 31.49% 31.49% 15.27% 11.70%
Large Cap Blend Fund Universe 8.15% 28.78% 28.78% 13.26% 9.78%
Large Cap Equities - Growth
Wells Fargo Adv Growth Adm - SGRKX 8.50% 37.33% 37.33% 22.95% 13.63%
Russell 3000 Growth Index 10.67% 35.85% 35.85% 19.89% 14.23%
Franklin Growth Adv - FCGAX 8.15% 32.52% 32.52% 17.73% 12.63%
Russell 1000 Growth Index 10.60% 36.40% 36.40% 20.50% 14.60%
Large Cap Growth Fund Universe 9.36% 31.90% 31.90% 18.09% 12.10%
Mid Cap Equities - Value
Virtus Mid Cap Value Equity I - SMVTX 8.18% 33.08% 33.08% 11.06% 9.12%
Russell Mid Cap Value 6.36% 27.06% 27.06% 8.10% 7.62%
Mid Cap Value Fund Universe 7.23% 25.18% 25.18% 7.33% 6.90%
Mid Cap Equities - Blend
Columbia Mid Cap Index A - NTIAX 6.90% 25.66% 25.66% 8.73% 8.52%
S&P Mid Cap 400 7.06% 26.20% 26.20% 9.26% 9.03%
AMG/Fairpointe Mid Cap I - ABMIX <CLOSED> 5.62% 15.74% 15.74% 1.84% 3.37%
Wilshire 4500 Index 8.69% 28.06% 28.06% 10.93% 9.51%
Mid Cap Blend Fund Universe 7.07% 26.21% 26.21% 9.15% 7.15%
Mid Cap Equities - Growth
Prudential Jennison Mid Cap Growth - PEGZX <ON WATCH> 6.34% 37.52% 37.52% 15.69% 9.49%
Russell Mid Cap Growth 8.17% 35.47% 35.47% 17.36% 11.60%
Mid Cap Growth Fund Universe 8.05% 32.52% 32.52% 15.57% 10.45%
Fund Returns in RED do not meet both benchmarks. Fund Returns in BLACK meet both benchmarks.
NDPERS Investment Benchmarks - 4th Quarter 2019
Quarter Y-T-D 1-Year 3-Year 5-YearSmall Cap Equities - Value
Northern Small Cap Value Fund - NOSGX 6.71% 22.27% 22.27% 3.95% 6.50%
Russell 2000 Value Index 8.49% 22.39% 22.39% 4.77% 6.99%
Small Value Fund Universe 8.02% 21.43% 21.43% 3.66% 5.40%
Small Cap Equities - Blend
DFA US Small Cap - DFSTX 8.46% 21.75% 21.75% 5.66% 7.10%
Russell 2000 Index 9.94% 25.52% 25.52% 8.59% 8.23%
Small Blend Fund Universe 8.02% 23.75% 23.75% 6.84% 7.12%
Small Cap Equities - Growth
Brown Capital Mgmt Small Co Inv - BCSIX 4.48% 29.22% 29.22% 18.27% 14.28%
Russell 2000 Growth Index 11.39% 28.48% 28.48% 12.49% 9.34%
Small Growth Fund Universe 9.46% 27.68% 27.68% 13.66% 9.92%
International Equity Funds
American Funds New Perspective Fund - RNPEX 10.07% 30.03% 30.03% 16.38% 11.07%
Vanguard Total Intl Stock Index Inv - VTIAX 9.01% 21.51% 21.51% 9.87% 5.85%
MSCI ACWI 8.95% 26.60% 26.60% 12.44% 8.41%
International Stock Fund Universe 8.39% 21.59% 21.59% 9.09% 5.37%
Oppenheimer Developing Markets Y - ODVYX 11.82% 24.31% 24.31% 13.93% 6.43%
MSCI Emerging Markets Index 11.84% 18.42% 18.42% 11.57% 5.61%
Diversified Emerging Mkts Universe 10.33% 19.25% 19.25% 10.49% 4.84%
Asset Allocation Funds:
TIAA-CREF Lifecycle Ret Income - TLIRX 3.53% 14.95% 14.95% 7.23% 5.46%
Income Benchmark 3.12% 12.27% 12.27% 5.16% 4.46%
TIAA-CREF Lifecycle 2010 - TCLEX 3.59% 15.12% 15.12% 7.45% 5.64%
2010 Benchmark 4.46% 16.48% 16.48% 7.20% 5.88%
TIAA-CREF Lifecycle 2015 - TCLIX 4.02% 16.27% 16.27% 7.97% 6.00%
2015 Benchmark 5.15% 18.67% 18.67% 8.26% 6.62%
TIAA-CREF Lifecycle 2020 - TCLTX 4.50% 17.48% 17.48% 8.60% 6.43%
2020 Benchmark 5.74% 20.52% 20.52% 9.16% 7.25%
TIAA-CREF Lifecycle 2025 - TCLFX 5.18% 19.20% 19.20% 9.33% 6.91%
2025 Benchmark 6.24% 22.10% 22.10% 9.93% 7.79%
TIAA-CREF Lifecycle 2030 - TCLNX 5.90% 20.94% 20.94% 10.06% 7.39%
2030 Benchmark 7.07% 24.71% 24.71% 11.21% 8.67%
TIAA-CREF Lifecycle 2035 - TCLRX 6.78% 22.76% 22.76% 10.81% 7.86%
2035 Benchmark 8.02% 27.68% 27.68% 12.75% 9.67%
TIAA-CREF Lifecycle 2040 - TCLOX 7.51% 24.37% 24.37% 11.44% 8.26%
2040 Benchmark 8.37% 28.80% 28.80% 13.31% 10.05%
TIAA-CREF Lifecycle 2045 - TTFRX 8.21% 25.67% 25.67% 11.80% 8.51%
2045 Benchmark 8.38% 28.83% 28.83% 13.32% 10.06%
TIAA-CREF Lifecycle 2050 - TLFRX 8.29% 25.79% 25.79% 11.87% 8.59%
2050 Benchmark 8.38% 28.83% 28.83% 13.32% 10.06%
TIAA-CREF Lifecycle 2055 - TTRLX 8.40% 26.09% 26.09% 11.96% 8.66%
2055 Benchmark 8.38% 28.82% 28.82% 13.32% 10.06%
TIAA-CREF Lifecycle 2060 - TLXRX 8.50% 26.28% 26.28% 12.06% N/A
2060 Benchmark 8.38% 28.83% 28.83% 13.32% 10.06%
Income Benchmark is comprised of 11.1% Wilshire 5000, 9.1% MSCI ACWI, 52.4% Ag Bond, 5.0% REIIT Index, 22.4% 3 Month T-Bill
2010 Benchmark is comprised of 23.1% Wilshire 5000, 14.9% MSCI ACWI, 42.0% Ag Bond, 5.0% REIT Index, 15.0% 3 Month T-Bill
2015 Benchmark is comprised of 29.6% Wilshire 5000, 17.7% MSCI ACWI, 36.2% Ag Bond, 5.0% REIT Index, 11.5% 3 Month T-Bill
2020 Benchmark is comprised of 35.1% Wilshire 5000, 20.1% MSCI ACWI, 31.2% Ag Bond, 5.0% REIT Index, 8.6% 3 Month T-Bill
2025 Benchmark is comprised of 39.8% Wilshire 5000, 22.1% MSCI ACWI, 27.0% Ag Bond, 5.0% REIT Index, 6.1% 3 Month T-Bill
2030 Benchmark is comprised of 47.6% Wilshire 5000, 25.5% MSCI ACWI, 19.7% Ag Bond, 5.0% REIT Index, 2.2% 3 Month T-Bill
2035 Benchmark is comprised of 57.4% Wilshire 5000, 29.7% MSCI ACWI, 5.8% Ag Bond, 5.0% REIT Index, 2.1% 3 Month T-Bill
2040 Benchmark is comprised of 60.8% Wilshire 5000, 31.3% MSCI ACWI, 1.8% Ag Bond, 5.0% REIT Index, 1.3% 3 Month T-Bill
2045 Benchmark is comprised of 60.9% Wilshire 5000, 31.3% MSCI ACWI, 1.8% Ag Bond, 5.0% REIT Index, 1.1% 3 Month T-Bill
2050 Benchmark is comprised of 60.9% Wilshire 5000, 31.3% MSCI ACWI, 1.8% Ag Bond, 5.0% REIT Index, 1.1% 3 Month T-Bill
2055 Benchmark is comprised of 61.0% Wilshire 5000, 31.2% MSCI ACWI, 1.7% Ag Bond, 5.0% REIT Index, 1.1% 3 Month T-Bill
2060 Benchmark is comprised of 61.0% Wilshire 5000, 31.2% MSCI ACWI, 1.8% Ag Bond, 5.0% REIT Index, 1.1% 3 Month T-Bill
Wilshire 5000 Index 9.08% 31.02% 31.02% 14.52% 11.38%
FTSE NAREIT Equity REITs Index 0.13% 28.66% 28.66% 10.29% 8.43%
MSCI ACWI 8.95% 26.60% 26.60% 12.44% 8.41%
US Aggregate Bond Index 2.27% 8.52% 8.52% 2.92% 3.38%
3 Month T-Bill Index 0.46% 2.25% 2.25% 1.65% 1.05%
Fund Returns in RED do not meet both benchmarks. Fund Returns in BLACK meet both benchmarks.
NDPERS Mutual Fund Research - Q4 2019
Manager Expense Morn-Star Standard Sharpe
Fund Symbol Assets Inception Tenure Ratio Yield Turnover P/E Rating 3 - Year 5 - Year 3-month 1-Year 3-Year 5-Year 10-Year R-Squared Beta Alpha Deviation Ratio
Hartford Dividend & Growth HDGTX 9.5 Billion 12/22/2006 Team 0.74% 1.66 31% 18.1 5-Stars 10 6 7.53% 28.13% 12.75% 10.18% 12.03% 95 0.91 -1.07 11.25 0.97
T.Rowe Price Equity Income PRFDX 21.0 Billion 10/31/1985 2 years 0.64% N/A 16% 18.9 3-Stars 48 47 6.96% 26.58% 10.08% 8.23% 10.75% 92 0.96 -4.10 12.13 0.71
Manager Expense Morn-Star Standard Sharpe
Fund Symbol Assets Inception Tenure Ratio Yield Turnover P/E Rating 3 - Year 5 - Year 3-month 1-Year 3-Year 5-Year 10-Year R-Squared Beta Alpha Deviation Ratio
T.Rowe Price Capital Appreciation (Balanced) PACLX 38.2 Billion 3/6/1990 11 Years 1.00% N/A 65% 24.0 5-Stars 4 2 5.42% 24.20% 12.75% 10.21% 11.51% 7.45 1.42
Vanguard 500 Index VINIX 242.2 Billion 9/29/2006 17 Years 0.04% 1.85 6% 19.7 5-Stars 17 10 9.06% 31.46% 15.24% 11.67% 13.53% 100 1.00 -0.03 12.10 1.10
Vanguard Dividend Growth VDIGX 41.9 Billion 2/1/2006 13 Years 0.22% 1.79 23% 22.1 5-Stars 7 18 4.58% 30.50% 16.11% 11.55% 13.09% 85 0.78 3.44 10.26 1.35
Manager Expense Morn-Star Standard Sharpe
Fund Symbol Assets Inception Tenure Ratio Yield Turnover P/E Rating 3 - Year 5 - Year 3-month 1-Year 3-Year 5-Year 10-Year R-Squared Beta Alpha Deviation Ratio
Wells Fargo Adv Growth Adm SGRKX 4.7 Billion 8/30/2002 Team 0.96% N/A 39% 33.5 4-Stars 8 25 8.50% 37.33% 22.95% 13.63% 15.45% 82 1.11 5.40 14.91 1.35
Franklin Growth Adv FCGAX 16.8 Billion 12/31/1996 Team 0.59% 0.61 5% 20.3 3-Stars 53 47 8.15% 32.52% 17.73% 12.63% 13.62% 96 1.04 1.64 12.92 1.20
Manager Expense Morn-Star Standard Sharpe
Fund Symbol Assets Inception Tenure Ratio Yield Turnover P/E Rating 3 - Year 5 - Year 3-month 1-Year 3-Year 5-Year 10-Year R-Squared Beta Alpha Deviation Ratio
Virtus Mid Cap Value Equity I SMVTX 3.7 Billion 11/30/2001 16 Years 1.01% 0.90 109% 18.5 5-Stars 4 7 8.18% 33.08% 11.06% 9.12% 12.50% 86 0.99 -3.57 13.03 0.74
Manager Expense Morn-Star Standard Sharpe
Fund Symbol Assets Inception Tenure Ratio Yield Turnover P/E Rating 3 - Year 5 - Year 3-month 1-Year 3-Year 5-Year 10-Year R-Squared Beta Alpha Deviation Ratio
Columbia Mid Cap Index A NTIAX 3.8 Billion 5/31/2000 Team 0.45% 1.14 17% 21.7 3-Stars 62 34 6.09% 25.66% 8.73% 8.52% 12.20% 88 1.14 -7.72 14.69 0.53
AMG/Fairpointe Mid Cap I (CLOSED) ABMIX 1.0 Billion 7/6/2004 Team 0.88% 1.09 18% 15.3 1-Stars 98 95 5.62% 15.74% 1.84% 3.37% 9.76% 78 1.32 -15.86 18.08 0.10
Manager Expense Morn-Star Standard Sharpe
Fund Symbol Assets Inception Tenure Ratio Yield Turnover P/E Rating 3 - Year 5 - Year 3-month 1-Year 3-Year 5-Year 10-Year R-Squared Beta Alpha Deviation Ratio
Prudential Jennison Mid Cap Growth (WATCH) PEGZX 2.6 Billion 12/31/1996 Team 0.79% 0.00 31% 23.9 3-Stars 51 66 6.34% 37.52% 15.69% 9.49% 12.19% 88 1.01 0.34 13.08 1.05
Manager Expense Morn-Star Standard Sharpe
Fund Symbol Assets Inception Tenure Ratio Yield Turnover P/E Rating 3 - Year 5 - Year 3-month 1-Year 3-Year 5-Year 10-Year R-Squared Beta Alpha Deviation Ratio
Northern Small Cap Value NOSGX 3.1 Billion 3/31/1994 17 Years 1.00% 0.69 16% 14.5 4-Stars 44 32 6.71% 22.27% 3.95% 6.50% 10.93% 73 1.09 -11.20 15.47 0.22
Small Blend Manager Expense Morn-Star Standard Sharpe
Fund Symbol Assets Inception Tenure Ratio Yield Turnover P/E Rating 3 - Year 5 - Year 3-month 1-Year 3-Year 5-Year 10-Year R-Squared Beta Alpha Deviation Ratio
DFA Small Cap DFSTX 17.8 Billion 3/19/1992 Team 0.37% 0.97 13% 20.4 3-Stars 71 53 8.46% 21.75% 5.66% 7.10% 12.11% 79 1.19 -10.76 16.31 0.32
Manager Expense Morn-Star Standard Sharpe
Fund Symbol Assets Inception Tenure Ratio Yield Turnover P/E Rating 3 - Year 5 - Year 3-month 1-Year 3-Year 5-Year 10-Year R-Squared Beta Alpha Deviation Ratio
Brown Capital Mgmt Small Co Inv BCSIX 5.5 Billion 1/2/1996 Team 1.26% 0.00 17% 41.5 5-Stars 19 6 4.48% 29.22% 18.27% 14.28% 15.64% 62 1.26 0.27 19.48 0.88
Average Return
Average Return
Average Return
Average Return
Average Return
Average Return
Average Return
Large Value Standard=S&P 500 Index
Small Growth
Small Value
Medium Growth
Medium Blend Standard=S&P 500 Index
Standard=S&P 500 Index
Standard=S&P 500 Index
Standard=S&P 500 Index
Medium Value
Large Blend
Large Growth
Standard=S&P 500 Index
Average ReturnCategory Rank
Category Rank
Category Rank
Category Rank
Category Rank
Standard=S&P 500 Index
Standard=S&P 500 Index
Standard=S&P 500 Index
Category Rank
Category Rank
Category Rank
Average Return
Category Rank
Manager Expense Morn-Star Standard Sharpe
Fund Symbol Assets Inception Tenure Ratio Yield Turnover P/E Rating 3 - Year 5 - Year 3-month 1-Year 3-Year 5-Year 10-Year R-Squared Beta Alpha Deviation Ratio
American Funds New Perspective RNPEX 98.3 Billion 5/28/2002 Team 0.77% 0.65 20% 19.2 5-Stars 15 12 10.07% 30.03% 16.38% 11.07% 10.77% 86 0.96 6.20 11.97 1.19
Vanguard Total Intl Stock Index Inv VTIAX 420.6 Billion 4/29/1996 10 Years 0.11% 3.04 4% 15.7 4-Stars 34 32 9.01% 21.51% 9.87% 5.85% 5.21% 99 1.00 0.00 11.59 0.72
Oppenheimer Developing Markets Y ODVYX 44.6 Billion 9/7/2005 12 Years 1.00% 0.51 7% 21.9 5-Stars 13 20 11.82% 24.31% 13.93% 6.43% 6.04% 87 1.09 3.15 13.44 0.91
Manager Expense Morn-Star Standard Sharpe
Fund Symbol Assets Inception Tenure Ratio Yield Turnover P/E Rating 3 - Year 5 - Year 3-month 1-Year 3-Year 5-Year 10-Year R-Squared Beta Alpha Deviation Ratio
Vanguard Treasury Money Market VUSXX 26.9 Billion 1 Year 0.09% 2.19 0.43% 2.14% 1.57% 1.00% 0.50% 0.22 -6.74
Wells Fargo Stable Return Fund J WFSJ 30.3 Billion 10/1/1985 1.05% 0.43% 1.68% 1.39% 1.19% 1.25% N/A N/A N/A N/A N/A
Mass Mutual Premier Bond Fund MIPYX 0.3 Billion 12/31/2003 15 Years 0.68% 1.52 42% 4-Stars 30 18 0.65% 8.02% 3.18% 2.58% 3.24% N/A N/A N/A 3.01 0.49
PIMCO Total Return Bond Fund (WATCH) PTRAX 67.1 Billion 9/8/1994 4 Years 0.96% 2.26 723% 3-Stars 51 65 -0.36% 7.99% 4.06% 2.99% 3.93% N/A N/A N/A 2.75 0.85
Vanguard Total Bond Market Index Fund VBTLX 248.6 Billion 11/12/2001 6 Years 0.05% 2.25 54% 3-Stars 26 33 0.03% 8.71% 4.02% 3.00% 3.68% N/A N/A N/A 2.94 0.79
Prudential High Yield Z PHYZX 11.9 Billion 3/1/1996 Team 0.54% 6.13 3% 5-Stars 3 2 3.05% 16.08% 7.28% 6.76% 7.72% N/A N/A N/A 4.09 0.32
Templeton Global Bond Adv (WATCH) TGBAX 28.1 Billion 12/31/1996 Team 0.69% 3.67 20% 3-Stars 86 84 1.56% 0.89% 1.65% 1.45% 3.70% N/A N/A N/A 6.28 0.02
Cohen & Steers Realty Shares CSRSX 4.3 Billion 7/2/1991 Team 0.88% 1.43 63% 37.0 4-Stars 15 13 0.23% 32.90% 10.89% 8.62% 12.23% N/A N/A N/A 11.91 0.79
TIAA-CREF Lifecycle Ret Income TLIRX 573 Million 11/30/2007 Team 0.62% 2.14 25% 16.4 4-Stars 26 23 3.53% 14.95% 7.23% 5.46% 6.49% N/A N/A N/A 4.84 1.11
TIAA-CREF Lifecycle 2010 TCLEX 1.2 Billion 10/15/2004 Team 0.62% 1.97 22% 16.4 4-Stars 9 11 3.59% 15.12% 7.45% 5.64% 6.91% N/A N/A N/A 5.01 1.12
TIAA-CREF Lifecycle 2015 TCLIX 1.8 Billion 10/15/2004 Team 0.63% 1.82 21% 16.4 4-Stars 23 19 4.02% 16.27% 7.97% 6.00% 7.35% N/A N/A N/A 5.61 1.09
TIAA-CREF Lifecycle 2020 TCLTX 3.8 Billion 10/15/2004 Team 0.64% 1.62 23% 16.4 4-Stars 20 12 4.50% 17.48% 8.60% 6.43% 7.88% N/A N/A N/A 6.32 1.06
TIAA-CREF Lifecycle 2025 TCLFX 4.8 Billion 10/15/2004 Team 0.66% 1.53 20% 16.4 4-Stars 23 21 5.18% 19.20% 9.33% 6.91% 8.43% N/A N/A N/A 7.34 1.02
TIAA-CREF Lifecycle 2030 TCLNX 4.8 Billion 10/15/2004 Team 0.67% 1.34 20% 16.4 4-Stars 28 24 5.90% 20.94% 10.06% 7.39% 8.94% N/A N/A N/A 8.39 0.98
TIAA-CREF Lifecycle 2035 TCLRX 5.0 Billion 10/15/2004 Team 0.68% 1.27 17% 16.5 4-Stars 32 26 6.78% 22.76% 10.81% 7.86% 9.42% N/A N/A N/A 9.42 0.96
TIAA-CREF Lifecycle 2040 TCLOX 5.9 Billion 10/15/2004 Team 0.69% 1.06 18% 16.5 4-Stars 30 21 7.51% 24.37% 11.44% 8.26% 9.77% N/A N/A N/A 10.52 0.92
TIAA-CREF Lifecycle 2045 TTFRX 3.5 Billion 11/30/2007 Team 0.70% 1.42 13% 16.4 4-Stars 27 18 8.21% 25.67% 11.80% 8.51% 9.87% N/A N/A N/A 11.27 0.90
TIAA-CREF Lifecycle 2050 TLFRX 2.4 Billion 11/30/2007 Team 0.70% 1.41 12% 16.4 4-Stars 28 19 8.29% 25.79% 11.87% 8.59% 9.91% N/A N/A N/A 11.37 0.89
TIAA-CREF Lifecycle 2055 TTRLX 889 Million 4/29/2011 Team 0.70% 1.44 10% 16.5 4-Stars 27 20 8.40% 26.09% 11.96% 8.66% N/A N/A N/A N/A 11.53 0.89
TIAA-CREF Lifecycle 2060 TLXRX 186 Million 9/26/2014 Team 0.70% 1.44 36% 16.5 3-Stars 29 28 8.50% 26.28% 12.06% 8.74% N/A N/A N/A N/A 11.65 0.89
Category Rank Average Return
R-squared - This compares a fund’s performance to a given index. If R-squared is 100, the fund moves in lockstep with the index
to which it is being compared. Generally, a higher R-squared will indicate a more useful beta figure. If the R-squared is lower,
then the beta is less relevant to the fund's performance.
Beta - This compares a fund’s volatility to a given index. If beta is greater than 1, the fund is more volatile than the index to which
it is being compared. If beta is lower than 1, the fund is less volatile than the index. If a fund’s R-squared is low, beta is less
reliable as a predictor of volatility.
Alpha - This is a measure of risk-adjusted performance. The higher a fund's alpha, the better it has done. A fund’s alpha is only
reliable when its R-squared is relatively high.
Standard Deviation - The higher this number is, the more volatile the fund’s returns have been. It indicates how much the fund
has deviated from its mean total return over the past three years.
Sharpe Ratio - This measure combines standard deviation and mean total return to show a risk-adjusted measure of the fund's
performance. The higher this number is, the better. As a rule of thumb, a Sharpe ratio of more than 1.00 is very good.
Lifestyle / Others Standard=S&P 500 Index
International Category Rank Average Return Standard=ACWI Index