TIER II – Index Funds
YTD Performance
Monthly Performance (available 16 business days after month end)
Investment Overview
There are four Tier II – Index Funds from which to choose: a Fixed Income Index Fund, an Inflation-Protected Securities Index Fund, a Russell All Cap Index Fund and an International Stock Index Fund.
Index Funds are typically invested in stocks and bonds that represent a particular investment index, such as the S&P 500 Index. These funds generally have lower fees than actively managed funds, and may also be referred to as passively managed funds. Here is an overview of your Index Fund choices:
| US BOND INDEX FUND – SSgA U.S. BOND INDEX FUND |
This fund is invested in high quality bonds. Bonds are the debt of the US government and its agencies, mortgages and American corporations for a defined period of time and at a fixed interest rate. Bonds have a generally lower level of risk than stocks and are designed to provide a fixed level of income for investors.
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Benchmark: Bloomberg Barclays US Aggregate Bond Index
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| ALL-CAP FUND – STATE STREET RUSSELL ALL-CAP INDEX FUND |
| This fund seeks to track the investment results of the Russell 3000® Index. The index is a weighted equity index maintained by the Russell Investment Group. This is a benchmark of virtually the entire US stock market. More specifically, this index encompasses the 3,000 largest US-traded stocks, in which the underlying companies are all incorporated in the US. |
| Benchmark: Russell 3000 Index |
| INTERNATIONAL STOCK INDEX FUND – SSgA GLOBAL ALL-CAP INDEX FUND |
| This fund seeks to provide exposure to overseas equity markets. It is designed to match the performance of the MSCI ACWI ex-US Index IMI Net, which captures large, mid and small cap representation across 23 Developed Markets (DM) and 23 Emerging Markets (EM) countries. With 8,721 constituents, the index is comprehensive, covering approximately 99%of the global equity investment opportunity set. |
| Benchmark: MSCI ACWI ex-US IMI net Index |
| INFLATION-PROTECTED INDEX FUND – SSgA U.S. INFLATION PROTECTED BOND INDEX FUND |
This fund seeks to provides an investment return that approximates as closely as practicable, before expenses, the performance of the Bloomberg Barclays TIPS Index through investments in the “cash” markets – actual holdings of debt securities and other instruments – rather than through “notional” or
“synthetic” positions achieved through the use of derivatives, such as futures contracts or swap transactions. The Fund’s return may not match the return of the Index. |
| Benchmark: Bloomberg Barclays US Treasury Inflation Protected Securities (TIPS) Index |