newsletter - Kansas Board of Regents Retirement Plans

Transcription

July 2015
Important plan news
The Kansas Board of Regents Mandatory Retirement Plan
The Kansas Board of Regents (KBOR) is committed to helping you save toward a
financially independent retirement. As part of that effort, we are making changes to
some of the investment options in the Kansas Board of Regents Mandatory Retirement
Plan (Plan).
Voya Retirement Insurance and Annuity Company (VRIAC), a member of the Voya®
family of companies, is proud to continue providing retirement plan services to the
employees of KBOR.
Please read this newsletter carefully and consider how these changes may affect
your retirement planning as well as your overall financial strategy.
KANSAS BOARD OF REGENTS
MANDATORY RETIREMENT PLAN
What is changing?
The new product offering for the KBOR
Mandatory Retirement Plan is Voya
Retirement Choice II; a group fixed
annuity contract. With this change, the
following will take place:
• A reduction to the Guaranteed
Minimum Interest Rate (GMIR) for the
Voya Fixed Plus Account III.
• A reduction in Voya’s annual assetbased service fee for the Vanguard
Target Retirement Date funds.
• Share class changes to the six (6)
investment options indicated on the
Fee expense chart included in this
newsletter. This share class change
will lower the fee expenses these
funds currently have.
Reduction in GMIR
The Voya Fixed Plus Account III
investment option will continue to
be offered. The new Guaranteed
Minimum Interest Rate (GMIR) is 1.00%
for the life of the contract however
Voya will continue to honor your
current interest rate of 3.00% through
December 31, 2016. Please see the
following table for minimum applicable
interest rates.
GMIR
Effective Date
3.00%
July 2, 2015 –
December 31, 2016
2.75%
January 1 –
December 31, 2017
Prevailing interest rate - (currently 2.10%)
January 1, 2018
Guarantees are based on the financial strength and the
claims-paying ability of Voya Retirement Insurance and
Annuity Company and do not apply to the investment return
or principal value of the other investment options offered
under the Plan.
Restrictions may continue to apply to transfers of funds from
the Voya Fixed Plus Account III to other contract investment
options. All transfers are also subject to Voya’s Excessive
Trading Policy. Please refer to the Product Information Book
for additional information regarding these provisions.
The following chart shows how the change in share
class for these funds will reduce the fee expense.
Current fund
number
Reduction in assetbased fee
Reduction in asset-based fee for
Vanguard Target Retirement Date
funds – this fee is being reduced
from 0.35% to 0.15%.
This means that more of your
contributions remain in your account
working for you. Fund management
fees and other fund operating
expenses will apply. Fees depend on
the investment option chosen. Please
refer to the fund prospectuses for more
information. You can also refer to
the product information book available
online at kbor.beready2retire.com for
more information.
Vanguard and the ship logo are trademarks of The
Vanguard Group, Inc. Investments in Target Retirement
Funds are subject to the risks of their underlying funds.
The year in the Fund name refers to the approximate year
(the target date) when an investor in the Fund would retire
and leave the work force. The Fund will gradually shift
its emphasis from more aggressive investments to more
conservative ones based on its target date. An investment
in the Target Retirement Fund is not guaranteed at any
time, including on or after the target date.
Fee expense chart
Investment Option
Balanced
You should consider the investment
objectives, risks, and charges and
expenses of the mutual funds offered
through a retirement plan carefully
before investing. The fund prospectuses,
information booklet and fund fact sheets
containing this and other information
can be obtained by contacting your local
representative. A Voya Retirement Choice
II Information Book, fund fact sheets and
investment performance are available at
kbor.beready2retire.com. Please read all
information carefully before investing.
Current fee
expense
New fund number
New fee
expense
VY T. Rowe Price Capital Appreciation Portfolio 788 0.90% 1257 0.65%
Large Cap Value
American Funds Fundamental InvestorsSM12080.66%20790.36%
Small/Mid/Specialty
VY FMR Diversified Mid Cap Portfolio 778 0.90% 1183 0.65%
American Century Mid Cap Value Fund 2631 1.26% 1774 0.81%
American Beacon Small Cap Value Fund 9165 1.20% 2676 0.84%
Global/International
American Funds EuroPacific Growth Fund® 573 0.85% 817 0.55%
Sub-adviser of funds included in Voya Partners, Inc. Directed Services, LLC is the investment adviser for these funds.
Fidelity and Fidelity Investments & (Pyramid) Design are registered trademarks of FMR Corp.
T. Rowe Price, Invest With Confidence, the Big Horn Sheep and the logo they compose are trademarks or registered trademarks of T. Rowe Price Group, Inc. in the U.S.
and other countries.
How and when will
Have you
these changes occur? checked out
These changes will take place
myOrangeMoneyTM
automatically. You are not required
to do anything. Beginning on
and the Personal
July 2, 2015, the following funds
Financial Dashboard
will undergo a share class change.
Through a process called “fund
yet? It’s easy!
mapping” your current account
balance and ongoing contributions
will transfer to the new share classes.
This mapping will be based on your
allocations on record with Voya as
of the close of the New York Stock
Exchange (NYSE), generally 3:00 p.m.
Central Time (CT) on July 1, 2015.
Should you wish to make changes to
any of your current investments before
the mapping, you may do so prior to
the close of the NYSE on July 1, 2015.
Changes can be made by contacting
Voya at (800) 584-6001 or logging
onto your account at
kbor.beready2retire.com.
Confirmation of
activity
Voya will provide all participants with
a certificate of participation in the new
403(b)(1) group annuity contract (Voya
Retirement Choice II). Please keep
this document with your retirement
account records for future reference. If
you are invested in the Voya Fixed Plus
Account III or one of the mutual funds
with a change in share class, you will
also receive a statement confirming the
transfer activity.
myOrangeMoney™ is a personalized,
interactive tool that shows you the
income you may need each month
during retirement and the progress
you’ve already made toward that goal.
After you initially provide your age and
current income, a dollar bill appears to
show your current level of retirement
readiness. The dollar bill represents
the estimated income you’ll need each
month in retirement. The portion in
orange represents the amount of your
income need that can potentially be
achieved without any changes in the
way that you’re currently saving and
investing. But anything not colored
orange represents money that you
may likely need, but currently may not
have. It’s the gap you’ll need to close
to eventually reach your retirement
income goal. Next to the dollar bill is
a series of sliders that let you easily
adjust your assumptions and then
instantly see how those choices affect
the level of your orange-colored
monthly retirement income dollars.
You can try out various savings,
investing and retirement age scenarios
until you find the combination that’s
right for you.
To help you organize your finances,
click the Organize your $$$ link and
head over to your Personal Financial
Dashboard. Enter as many accounts as
you like: checking, savings, credit cards,
mortgage, insurance, retirement and so
on. The tool encrypts your information
using advanced security features and
makes updates automatically, so you
always have a current view of your
complete financial picture.
Simply log into your account at
kbor.beready2retire.com for more
information.
myOrangeMoneyTM
Personal Financial Dashboard
Questions?
Please contact your local representative or you can call the
Voya office at (800) 814-1643, ext. 4013750. We will be
happy to discuss these changes and any other questions
you may have as well as assist you with your account.
For more information on these changes plus more, please
log in to your account at kbor.beready2retire.com. There
you will be able to access the Voya Retirement Choice II
product information book along with Fund Fact Sheets and
Investment Performance for your Plan.
Not FDIC/NCUA/NCUSIF Insured I Not a Deposit of a Bank/Credit Union I May Lose Value I Not Bank/Credit Union Guaranteed I Not Insured by Any Federal Government Agency
You should consider the investment objectives, risks, and charges and expenses of the mutual funds offered through a retirement plan,
carefully before investing. The fund prospectuses and an information booklet containing this and other information can be obtained by
contacting your local representative. Please read the information carefully before investing.
Mutual funds under a custodial account agreement are intended as long-term investments designed for retirement purposes. Money distributed will be taxed as ordinary income in
the year the money is distributed. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than the original amount invested.
A group fixed annuity is an insurance contract designed for investing for retirement purposes. The guarantee of the fixed account is based on the claims-paying ability of the issuing
insurance company. Although it is possible to have guaranteed income for life with a fixed annuity, there is no assurance that this income will keep up with inflation. Early withdrawals,
if taken prior to age 59½ will be subject to the IRS 10% premature distribution penalty tax, unless an exception applies. Amounts distributed will be taxed as ordinary income in the
year it is distributed. An annuity does not provide any additional tax deferral benefit; tax deferral is provided by the plan. Annuities may be subject to additional fees and expenses
to which other tax-qualified funding vehicles may not be subject. However, an annuity does offer other features and benefits, such as lifetime income payments and death benefits,
which may be valuable to you.
For 403(b)(1) fixed or variable annuities, employee deferrals (including earnings) may generally be distributed only upon your: attainment of age 59½, severance from employment,
death, disability, or hardship. Note: Hardship withdrawals are limited to employee deferrals made after 12/31/88. Exceptions to the distribution rules: No Internal Revenue
Code withdrawal restrictions apply to ’88 cash value (employee deferrals (including earnings) as of 12/31/88) and employer contributions (including earnings). However, employer
contributions made to an annuity contract issued after December 31, 2008 may not be paid or made available before a distributable event occurs. Such amounts may be distributed
to a participant or if applicable, the beneficiary: upon the participant’s severance from employment or upon the occurrence of an event, such as after a fixed number of years, the
attainment of a stated age, or disability.
For 403(b)(7) custodial accounts, employee deferrals and employer contributions (including earnings) may only be distributed upon your: attainment of age 59½, severance from
employment, death, disability, or hardship. Note: hardship withdrawals are limited to: employee deferrals and ‘88 cash value (earnings on employee deferrals and employer
contributions (including earnings) as of 12/31/88).
Insurance products, annuities and funding agreements are issued by (third party administrative services may also be provided by) Voya Retirement Insurance and Annuity Company,
One Orange Way, Windsor, CT 06095-4774. Securities are distributed by Voya Financial Partners, LLC (member SIPC), One Orange Way, Windsor, CT 06095-4774. Custodial
Account Agreements and Trust Agreements provided by Voya Institutional Trust Company. All companies are members of the Voya® family of companies. Securities may also be
distributed through other broker-dealers with which Voya Financial Partners, LLC has selling agreements.
172302 3038664.E.P © 2015 Voya Services Company. All rights reserved. CN-0415-13765-0516
Voya.com
PERFORMANCE
UPDATE
Kansas Board of Regents Mandatory Retirement Plan
Voya Retirement Choice - Direct
Average Annual Total Returns as of: 05/31/2015
(shown in percentages)
Mutual funds offered through a retirement plan are investments designed for retirement purposes. Early withdrawals will reduce your
account value and if taken prior to age 59 1/2, a 10% IRS penalty may apply.
The performance data quoted represents past performance. Past performance does not guarantee future results. For monthend performance which may be lower or higher than the performance data shown please call 800-525-4225. Investment return
and principal value of an investment will fluctuate so that, when sold, an investment may be worth more or less than the
original cost.
The returns assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund
operating expenses. An asset based administrative fee is deducted from your account quarterly at an annual rate of 0.15% of balances in each
of the Vanguard Target Date Retirement funds. These returns do not reflect any plan level administrative fees, if applicable; if reflected, returns
would be less favorable.
You should consider the investment objectives, risks and charges, and expenses of the funds carefully before investing. The
prospectus contains this and other information. Anyone who wishes to obtain a free copy of the fund prospectuses may call
their Voya representative or the number above. Please read the prospectus carefully before investing.
Returns less than one year are not annualized. Fund Inception Date is the date of inception for the underlying fund, and is the date
used in calculating the periodic returns. This date may also precede the portfolio's inclusion in the product.
Investment Options
1-Mo
3-Mo
YTD
1-Yr
3-Yr
5-Yr
10-Yr
Money Market
Voya Money Market Fund - Class A - 467 (2)(3)
0.00
0.00
0.00
0.01
0.02
The 7-day annualized yield as of 05/31/2015 is 0.00%, which more closely reflects current earnings. (15)
0.02
1.37
Incept
Fund
Gross
Inception Fund
Date
Exp %*
Net
Fund
Exp %*
Stability of Principal
Voya Fixed Plus Account III - 4020 (1)(14)
04/15/1994
0.67
0.67
0.25
0.75
1.23
3.00
3.13
3.36
3.90
-1.12
-1.70
0.78
-1.96
-0.97
3.54
4.28
04/28/2000
0.72
0.70
-0.40
-0.72
1.13
2.32
2.65
4.31
5.62
05/11/1987
0.71
0.71
-0.04
0.30
2.36
4.58
8.11
8.32
06/07/2006
0.16
0.16
0.06
0.51
2.94
5.55
10.28
9.55
10/27/2003
0.16
0.16
0.14
0.58
3.30
6.33
11.87
10.48
06/07/2006
0.16
0.16
0.23
0.71
3.63
6.66
13.03
11.21
10/27/2003
0.17
0.17
0.33
0.84
3.96
7.00
14.22
11.92
06/07/2006
0.17
0.17
0.43
0.98
4.26
7.32
15.38
12.63
10/27/2003
0.18
0.18
0.45
1.10
4.57
7.56
16.09
13.00
06/07/2006
0.18
0.18
Bonds
Inflation-Protected Bond
PIMCO Real Return Fund - Administrative Class - 8052
(4)
Intermediate-Term Bond
PIMCO Total Return Fund - Administrative Class - 683
Asset Allocation
Lifecycle - Index
Vanguard® Target Retirement 2010 Fund - Investor
Shares - 1295 (5)
Shares - 791 (5)
Shares - 1296 (5)
Shares - 926 (5)
Shares - 1297 (5)
Shares - 793 (5)
Shares - 1298 (5)
Page 1 of 7
5.98
6.18
6.58
6.58
6.76
7.04
7.07
See Performance Introduction Page for Important Information
Investment Options
Shares - 794 (5)
Shares - 1299 (5)
Vanguard® Target Retirement Income Fund - Investor
Shares - 795 (5)
1-Mo
3-Mo
YTD
1-Yr
3-Yr
5-Yr
10-Yr
0.46
1.09
4.56
7.56
16.09
13.00
7.39
0.45
1.08
4.56
7.56
16.11
13.01
-0.15
0.20
2.06
4.06
6.22
6.92
1.92
1.68
4.97
11.56
16.42
1.05
1.31
4.96
10.83
1.47
-0.33
0.21
1.27
0.59
0.97
Incept
Gross
Fund
Inception Fund
Exp %*
Date
Net
Fund
Exp %*
10/27/2003
0.18
0.18
06/07/2006
0.18
0.18
5.42
10/27/2003
0.16
0.16
13.97
9.46
01/24/1989
0.64
0.64
19.69
15.73
9.53
08/01/1978
0.35
0.35
8.10
19.72
15.64
10.40
08/31/1992
0.87
0.87
3.15
11.61
19.45
16.37
7.97
12/30/1992
0.16
0.16
0.09
0.81
6.72
14.65
13.88
8.67
11/29/1988
0.70
0.70
1.83
0.24
5.64
15.14
19.49
18.15
11.18
05/03/2004
0.68
0.60
1.05
0.99
4.96
13.96
21.42
17.20
9.92
05/21/1998
0.08
0.08
0.70
-0.21
2.91
11.16
19.68
17.34
9.39
05/01/2002
0.98
0.98
2.44
2.01
6.13
11.18
19.32
14.10
10.05
10/02/2000
0.64
0.64
1.56
0.81
2.59
12.44
20.75
16.06
10.62
08/02/2004
0.81
0.81
2.03
1.51
5.13
11.47
20.85
16.53
10.00
07/07/1997
0.08
0.08
1.30
0.86
2.59
7.40
19.87
14.60
8.52
12/31/1998
0.81
0.81
-0.34
-4.91
-2.13
9.12
11.43
13.52
8.69
12/31/1996
0.91
0.91
-1.88
0.08
0.97
-6.00
7.46
6.61
09/07/2005
1.08
1.07
0.20
3.22
9.12
3.76
15.21
10.30
8.03
04/16/1984
0.54
0.54
2.50
3.62
11.04
10.12
20.59
14.54
8.61
05/01/2002
0.75
0.75
7.13
Balanced
Moderate Allocation
VY® T. Rowe Price Capital Appreciation Portfolio - Inst
- 1257 (12)
Large Cap Value
Large Blend
American Funds Fundamental InvestorsSM - Class R-5
- 2079
Parnassus Core Equity FundSM - Investor Shares 2228
SSgA S&P 500 Index Fund - Class N - 1223 (6)
Large Value
BlackRock Equity Dividend Fund - Institutional Shares 8518
Large Cap Growth
Large Growth
Voya Large Cap Growth Portfolio - Institutional Class 742 (7)
Small/Mid/Specialty
Mid-Cap Blend
Vanguard® Mid-Cap Index Fund - Institutional Shares 1197
Mid-Cap Growth
VY® Baron Growth Portfolio - Initial Class - 430 (8)
VY® FMR Diversified Mid Cap Portfolio - Institutional
Class - 1183
Mid-Cap Value
American Century Mid Cap Value Fund - Institutional
Class - 1774
Small Blend
Vanguard® Small-Cap Index Fund - Institutional Shares
- 1198
Small Value
American Beacon Small Cap Value Fund - Institutional
Class - 2676
Specialty - Real Estate
Voya Real Estate Fund - Class I - 293 (9)
Global / International
Diversified Emerging Mkts
Oppenheimer Developing Markets Fund - Class Y 1954 (10)
Foreign Large Blend
American Funds EuroPacific Growth Fund® - Class R-5
- 817 (13)
World Stock
VY® Oppenheimer Global Portfolio - Initial Class - 432
(11)
Page 2 of 7
10.33
The risks of investing in small company stocks may include relatively low trading volumes, a greater degree of change in earnings and
greater short-term volatility.
Foreign investing involves special risks such as currency fluctuation and public disclosure, as well as economic and political risks.
Some of the Funds invest in securities guaranteed by the U.S. Government as to the timely payment of principal and interest; however,
shares of the Funds are not insured nor guaranteed.
High yielding fixed-income securities generally are subject to greater market fluctuations and risks of loss of income and principal than
are investments in lower yielding fixed-income securities.
Sector funds may involve greater-than average risk and are often more volatile than funds holding a diversified portfolio of stocks in
many industries. Examples include: banking, biotechnology, chemicals, energy, environmental services, natural resources, precious
metals, technology, telecommunications, and utilities.
*The Gross Expense Ratios shown do not reflect any temporary fee or expense waivers that may be in effect for a fund. The
performance of a fund with a temporary fee or expense waiver would have been lower if the gross fund fees / expenses listed had been
reflected.
Page 3 of 7
PERFORMANCE
UPDATE
Kansas Board of Regents Mandatory Retirement Plan
Voya Retirement Choice - Direct
Average Annual Total Returns as of: 03/31/2015
(shown in percentages)
Mutual funds offered through a retirement plan are investments designed for retirement purposes. Early withdrawals will reduce your
account value and if taken prior to age 59 1/2, a 10% IRS penalty may apply.
The performance data quoted represents past performance. Past performance does not guarantee future results. For monthend performance which may be lower or higher than the performance data shown please call 800-525-4225. Investment return
and principal value of an investment will fluctuate so that, when sold, an investment may be worth more or less than the
original cost.
The returns assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund
operating expenses. An asset based administrative fee is deducted from your account quarterly at an annual rate of 0.15% of balances in each
of the Vanguard Target Date Retirement funds. They do not reflect any plan level administrative fees, if applicable; if reflected, returns would be
less favorable.
Returns less than one year are not annualized. Fund Inception Date is the date of inception for the underlying fund, and is the date
used in calculating the periodic returns. This date may also precede the portfolio's inclusion in the product.
Fund
Gross
Inception Fund
Investment Options
1-Mo 3-Mo
YTD
1-Yr
3-Yr
5-Yr 10-Yr Incept
Date
Exp %*
Net
Fund
Exp %*
Money Market
Voya Money Market Fund - Class A - 467 (2)(3)
0.00
0.00
0.00
0.01
0.02
The 7-day annualized yield as of 03/31/2015 is 0.00%, which more closely reflects current earnings. (15)
Voya Fixed Plus Account III - 4020 (1)(14)
0.02
1.41
04/15/1994
0.67
0.67
0.25
0.73
0.73
3.00
3.15
3.40
3.93
-1.00
1.50
1.50
2.52
0.64
4.14
4.62
04/28/2000
0.72
0.70
0.29
2.16
2.16
5.38
3.78
4.73
6.00
05/11/1987
0.71
0.71
-0.19
1.86
1.86
6.12
7.02
7.63
06/07/2006
0.16
0.16
-0.38
2.03
2.03
6.84
8.49
8.56
10/27/2003
0.16
0.16
-0.51
2.18
2.18
7.50
9.61
9.27
06/07/2006
0.16
0.16
-0.65
2.24
2.24
7.65
10.35
9.78
10/27/2003
0.17
0.17
-0.77
2.31
2.31
7.77
11.10
10.28
06/07/2006
0.17
0.17
-0.87
2.35
2.35
7.92
11.85
10.76
10/27/2003
0.18
0.18
-1.01
2.39
2.39
7.91
12.30
11.06
06/07/2006
0.18
0.18
-0.98
2.41
2.41
7.92
12.31
11.06
10/27/2003
0.18
0.18
-1.04
2.36
2.36
7.91
12.30
11.06
06/07/2006
0.18
0.18
-0.11
1.75
1.75
5.71
5.79
6.70
10/27/2003
0.16
0.16
Bonds
Inflation-Protected Bond
PIMCO Real Return Fund - Administrative Class - 8052
(4)
Intermediate-Term Bond
PIMCO Total Return Fund - Administrative Class - 683
Asset Allocation
Lifecycle - Index
Shares - 1295 (5)
Shares - 791 (5)
Shares - 1296 (5)
Shares - 926 (5)
Shares - 1297 (5)
Shares - 793 (5)
Shares - 1298 (5)
Shares - 794 (5)
Shares - 1299 (5)
Vanguard® Target Retirement Income Fund - Investor
Shares - 795 (5)
Page 4 of 7
6.03
6.26
6.58
6.58
6.70
6.96
6.96
7.26
7.01
5.62
Investment Options
Gross
Fund
Inception Fund
Exp %*
Date
Net
Fund
Exp %*
1-Mo
3-Mo
YTD
1-Yr
3-Yr
5-Yr
10-Yr
0.07
3.30
3.30
12.83
14.22
12.70
9.32
01/24/1989
0.64
0.64
-1.87
1.67
1.67
10.58
15.49
13.14
9.14
08/01/1978
0.35
0.35
-1.31
-0.78
-0.78
12.70
17.75
13.69
10.31
08/31/1992
0.87
0.87
-1.60
0.90
0.90
12.53
15.98
14.31
7.87
12/30/1992
0.16
0.16
-1.71
-1.00
-1.00
6.93
11.91
11.82
8.34
11/29/1988
0.70
0.70
-1.09
4.24
4.24
18.68
16.20
15.79
11.14
05/03/2004
0.68
0.60
0.33
4.28
4.28
14.89
17.94
16.10
10.01
05/21/1998
0.08
0.08
1.98
5.17
5.17
10.20
18.71
17.47
9.56
05/01/2002
0.98
0.98
1.19
5.27
5.27
10.23
15.53
13.59
9.83
10/02/2000
0.64
0.64
-0.20
1.56
1.56
13.83
17.79
15.00
10.70
08/02/2004
0.81
0.81
1.20
4.81
4.81
9.84
17.59
15.84
10.10
07/07/1997
0.08
0.08
1.37
3.11
3.11
6.22
16.13
14.04
8.61
12/31/1998
0.81
0.81
1.42
4.38
4.38
23.04
13.09
15.46
10.22
12/31/1996
0.91
0.91
-2.15
-1.28
-1.28
-4.12
2.62
4.77
09/07/2005
1.08
1.07
0.24
5.97
5.97
2.77
9.91
7.06
7.62
04/16/1984
0.54
0.54
0.35
7.54
7.54
9.17
14.31
11.39
8.35
05/01/2002
0.75
0.75
Incept
Balanced
Moderate Allocation
VY® T. Rowe Price Capital Appreciation Portfolio - Inst
- 1257 (12)
Large Cap Value
Large Blend
American Funds Fundamental InvestorsSM - Class R-5
- 2079
Parnassus Core Equity FundSM - Investor Shares 2228
SSgA S&P 500 Index Fund - Class N - 1223 (6)
Large Value
BlackRock Equity Dividend Fund - Institutional Shares 8518
Large Cap Growth
Large Growth
Voya Large Cap Growth Portfolio - Institutional Class 742 (7)
Small/Mid/Specialty
Mid-Cap Blend
Vanguard® Mid-Cap Index Fund - Institutional Shares 1197
Mid-Cap Growth
VY® Baron Growth Portfolio - Initial Class - 430 (8)
VY® FMR Diversified Mid Cap Portfolio - Institutional
Class - 1183
Mid-Cap Value
American Century Mid Cap Value Fund - Institutional
Class - 1774
Small Blend
Vanguard® Small-Cap Index Fund - Institutional Shares
- 1198
Small Value
American Beacon Small Cap Value Fund - Institutional
Class - 2676
Specialty - Real Estate
Voya Real Estate Fund - Class I - 293 (9)
Global / International
Diversified Emerging Mkts
Oppenheimer Developing Markets Fund - Class Y 1954 (10)
Foreign Large Blend
- 817 (13)
World Stock
VY® Oppenheimer Global Portfolio - Initial Class - 432
(11)
10.26
The risks of investing in small company stocks may include relatively low trading volumes, a greater degree of change in earnings and
greater short-term volatility.
Foreign investing involves special risks such as currency fluctuation and public disclosure, as well as economic and political risks.
Page 5 of 7
Some of the Funds invest in securities guaranteed by the U.S. Government as to the timely payment of principal and interest; however,
shares of the Funds are not insured nor guaranteed.
High yielding fixed-income securities generally are subject to greater market fluctuations and risks of loss of income and principal than
are investments in lower yielding fixed-income securities.
Sector funds may involve greater-than average risk and are often more volatile than funds holding a diversified portfolio of stocks in
many industries. Examples include: banking, biotechnology, chemicals, energy, environmental services, natural resources, precious
metals, technology, telecommunications, and utilities.
*The Gross Expense Ratios shown do not reflect any temporary fee or expense waivers that may be in effect for a fund. The
performance of a fund with a temporary fee or expense waiver would have been lower if the gross fund fees / expenses listed had been
reflected.
Additional Notes
(1)The CURRENT rate for the Voya Fixed Plus Account III Base + 115, Fund 4020 is 3.00%, expressed as an annual effective yield, and
is guaranteed not to drop below 2.70% through 12/31/2015. The annual rate of interest applied to your account may be higher or lower
than the current rate. Restrictions may apply to transfers of funds from the Fixed Account to other contract investment options. Please
refer to your product prospectus / disclosure booklet and call your 800 number for more information.
Voya Fixed Plus Account III - Voya will credit interest at an annual effective rate of 3.00% through 12/31/2016 and 2.75% from 01/01/2016
through
12/31/2017, both of which are higher than the standard Voya Fixed Plus Account III credited rate. Currently, the standard Voya Fixed
Plus Account III credited rate is 2.10%, guaranteed not to be less than 1.90% through December 31, 2015. Beginning 01/01/2018 and
thereafter,
the credited rate for your plan will be the same as the standard Voya Fixed Plus Account III credited rate in effect at that time.
Please note the Guaranteed Minimum Interest Rate is 1.00%. Guarantees are based on the claims-paying ability of Voya Retirement
Insurance and Annuity Company. Restrictions may apply to transfers of funds from the Voya Fixed Plus Account III to other contract
investment
options. Please refer to your product prospectus / disclosure booklet or call your 800 number for more information.
(2)An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other
government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose
money by investing in the Fund.
(3)Voya Money Market Fund - Class A: The adviser and distributor are contractually obligated to waive a portion of their advisory fees
and distribution and/or shareholder services fees, as applicable, and to reimburse certain expenses of the Fund to the extent necessary
to assist the Fund in maintaining a yield of not less than zero through August 1, 2015. Including this waiver, Total Annual Fund
Operating Expenses after Waivers and Reimbursements (for this Fund's most recent fiscal year) would have been 0.20%. There is no
guarantee that the Fund will maintain such a yield. Any advisory fees waived or expenses reimbursed may be subject to possible
recoupment by the adviser within 36 months of the waiver or reimbursement. In no event will the amount of the recoupment on any day
exceed 20% of the yield (net of all expenses) of the Fund on that day. Termination or modification of these obligations requires approval
by the Fund's board.
(4)PIMCO Real Return Fund - Administrative Class: "Other Expenses" reflect interest expense. Interest expense results from the Fund's
use of certain investments such as reverse repurchase agreements. Such expense is required to be treated as a Fund expense for
accounting purposes and is not payable to PIMCO. Any interest expense amount will vary based on the Fund's use of those investments
as an investment strategy best suited to seek the objective of the Fund. Total Annual Fund Operating Expenses excluding interest
expense is 0.70%.
(5)Investments in Target Retirement Funds are subject to the risks of their underlying funds. The year in the fund name refers to the
approximate year (the target date) when an investor in the fund would retire and leave the work force. The fund will gradually shift its
emphasis from more aggressive investments to more conservative ones based on its target date. An investment in the Target
Retirement Fund is not guaranteed at any time, including on or after the target date.
(6)SSgA S&P 500 Index Fund - Class N: The fund has adopted a distribution plan under Rule 12b-1 pursuant to which payments of up
to 0.25% of average daily net assets may be made; however, the Board has determined that payments will not exceed 0.062% of
average daily net assets through at least December 31, 2014. The fund's investment adviser, SSgA Funds Management, Inc. (the
"Adviser" or "SSgA FM"), is contractually obligated until December 31, 2015 to waive its management fee and/or to reimburse the fund
for expenses to the extent that total expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees, and
distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.13% of average daily net assets on an annual basis. This
waiver and/or reimbursement may not be terminated during the relevant period except with the approval of the fund's Board of Trustees.
(7)Voya Large Cap Growth Portfolio - Institutional Class: The adviser is contractually obligated to limit expenses to 0.60% through May
15, 2015; the obligation does not extend to interest, taxes, brokerage commissions, extraordinary expenses, and Acquired Fund Fees
and Expenses. The obligation will automatically renew for one-year terms unless: (i) the adviser provides 90 days written notice of its
termination and such termination is approved by the Portfolio's board; or (ii) the management agreement has been terminated. The
obligation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement.
(8)VY Baron Growth Portfolio - Initial Class: The adviser is contractually obligated to limit expenses to 1.09% through May 1, 2015. The
obligation will automatically renew for one-year terms unless: (i) the adviser provides 90 days written notice of its termination and such
termination is approved by the Portfolio's board; or (ii) the management agreement has been terminated. The obligation is subject to
possible recoupment by the adviser within 36 months of the waiver or reimbursement. The obligation does not extend to interest, taxes,
brokerage commissions, extraordinary expenses, and Acquired Fund Fees and Expenses.
(9)Voya Real Estate Fund - Class I: The adviser and sub-adviser are contractually obligated to limit expenses to 1.00% through October
1, 2015. The limitation does not extend to interest, taxes, brokerage commissions, extraordinary expenses, and Acquired Fund Fees
and Expenses. This limitation is subject to possible recoupment by the adviser and sub-adviser within 36 months of the waiver or
reimbursement. Termination or modification of this obligation requires approval by the Fund's board.
Page 6 of 7
Additional Notes
(10)Oppenheimer Developing Markets Fund - Class Y: After discussions with the Fund's Board, the Manager has contractually agreed
to waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund's
investments in funds managed by the Manager or its affiliates. This fee waiver and/or expense reimbursement may not be amended or
withdrawn for one year from the date of this prospectus, unless approved by the Board.
(11)VY Oppenheimer Global Portfolio - Initial Class: The adviser is contractually obligated to limit expenses to 0.80% through May 1,
2015. The obligation will automatically renew for one-year terms unless: (i) the adviser provides 90 days written notice of its termination
and such termination is approved by the Portfolio's board; or (ii) the management agreement has been terminated. The obligation is
subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. The obligation does not extend to
interest, taxes, brokerage commissions, extraordinary expenses, and Acquired Fund Fees and Expenses.
(12)The VY T. Rowe Price Capital Appreciation - Inst. Class commenced operations on May 1, 2003. The fund has identical investment
objectives and policies, the same portfolio manager, and invests in the same holdings as the Service Class of this fund. The
performance information for the VY T.Rowe Price Capital Appreciation Portfolio - Inst. Class prior to May 1, 2003 is based upon the
Service Class performance, NOT adjusted by fees associated with the Inst. Class.
(13)EuroPacific Growth Fund - Class R-5 commenced operations on May 15, 2002. Class R-5 has identical investment objectives and
policies, the same portfolio manager, and invests in the same holdings as Class A. The performance information above prior to May 15,
2002 is based upon the Class A performance adjusted by the fee differences between classes.
(14)The Investment Option is neither a mutual fund nor part of a Separate Account. The returns listed do not include the impact of
contract charges. Please refer to the contract or disclosure book to determine which Fixed Interest Options are available for your
specific plan. The Investment Option is offered through Voya Retirement Insurance and Annuity Company.
(15)The current yield reflects the deduction of all charges that are deducted from the total return quotations shown.
Insurance products, annuities and funding agreements issued by Voya Retirement Insurance and Annuity Company One Orange Way
Windsor, CT 06095, (VRIAC), which is solely responsible for meeting its obligations. Plan administrative services provided by VRIAC or
Voya Institutional Plan Services, LLC. All companies are members of the Voya family of companies. Securities are distributed by or
offered through Voya Financial Partners, LLC (member SIPC) or other broker-dealers with which it has a selling agreement.
The chart shows the performance for each investment option for the time periods shown.
Investment Options are listed in asset class order, each of which has unique risk characteristics.
Creation Date: Monday, June 01, 2015
Page 7 of 7
VY® T. Rowe Price Capital Appreciation Portfolio - Institutional Class
Release Date
03-31-15
....................................................................................................................................................................................................................................................................................................................................................
Category
Moderate Allocation
Investment Objective & Strategy
Portfolio Analysis
From the investment's prospectus
Moderate
High
Risk Measures as of 03-31-15
3 Yr Std Dev
3 Yr Beta
Value Blend Growth
Top 10 Holdings as of 12-31-14
% Assets
Port Avg Rel S&P 500
5.99
0.89
0.62
.
Rel Cat
0.90
0.88
Principal Risks
Mod
Ext
Morningstar Super Sectors as of 12-31-14
% Fund
7.55
4.49
2.72
2.69
2.55
Cyclical
30.00
Sensitive
35.54
Defensive
34.46
Fiserv Inc
State Street Corp
PG&E Corp
Eli Lilly and Co
Allergan Inc
2.45
1.92
1.81
1.74
1.72
Morningstar F-I Sectors as of 12-31-14
Fund%
3.88
70.39
2.04
0.00
23.69
0.00
...........................................................................................................
AAA
AA
A
BBB
54
5
9
22
BB
B
Below B
Not Rated
3
0
0
5
Government
Corporate
Securitized
Municipal
Cash & Equivalents
Other
Operations
Important Information
Gross Prosp Exp Ratio
Net Prosp Exp Ratio
Management Fee
12b-1 Fee
Other Fee
Miscellaneous Fee(s)
Fund Inception Date
Total Fund Assets ($mil)
Annual Turnover Ratio %
Fund Family Name
Morningstar Investment Profiles must be accompanied
by Morningstar Disclosure and Glossary.
Notes
Lending, Credit and Counterparty, Prepayment (Call),
Currency, Foreign Securities, Loss of Money, Not FDIC
Insured, Capitalization, Issuer, Interest Rate, Market/Market
Volatility, Bank Loans, Convertible Securities, High-Yield
Securities, Repurchase Agreements, Restricted/Illiquid
Securities, Underlying Fund/Fund of Funds, U.S. Government
Obligations, Derivatives, Leverage, Management
Ltd
T. Rowe Price Reserve Investment
Danaher Corp
Marsh & McLennan Companies Inc
Thermo Fisher Scientific Inc
AutoZone Inc
Credit Analysis: % Bonds as of 12-31-14
Category
Low
Low
Med
Investment
High
Volatility as of 03-31-15
Morningstar Style Box™ as of 12-31-14 (EQ) ; 12-31-14 (F-I)
55.2
8.0
25.9
8.3
2.6
Small
Volatility and Risk
% Assets
U.S. Stocks
Non-U.S. Stocks
Bonds
Cash
Other
Large Mid
The investment seeks a high total investment return,
consistent with the preservation of capital and with prudent
investment risk.
The Portfolio pursues an active asset allocation
strategy whereby investments are allocated among three
asset classes: equity securities, debt instruments, and money
market instruments. It invests at least 50% of its total assets
in the common stocks of established U.S. companies the
sub-adviser believes to have above-average potential for
capital growth. The remaining assets are generally invested
in other securities, including convertibles, warrants,
preferred stocks, corporate and government debt, bank loans
and options.
Past name(s): ING T. Rowe Price Cap Apprec Port I.
Composition as of 12-31-14
0.64% of fund assets
0.64%
.
.
0.00%
05-02-03
5,846.8
72.00
Voya
Waiver Data
Type
Exp. Date
.
.
.
Portfolio Manager(s)
David R. Giroux, CFA. Since 2007.
.............................................................................................
Advisor
Subadvisor
Directed Services LLC
T. Rowe Price Associates, Inc.
Funds or their affiliates may pay compensation to Voya ™
affiliates offering a fund. Such compensation may be paid
out of distribution, service and/or 12b-1 fees that are
deducted from the fund's assets, and/or may be paid directly
by the fund's affiliates. Any fees deducted from fund assets
are discussed in the fund's prospectus and disclosed in the
fund fact sheet. Because these fees are paid on an on-going
basis, over time these fees will increase the cost of your
investment and may cost you more than paying other types
of sales charges. If offered through a retirement program,
additional fees and expenses may be charged under that
program. NOT A DEPOSIT. NOT FDIC INSURED. NOT
INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT
GUARANTEED BY THE INSTITUTION. MAY GO DOWN IN
VALUE.
©2015 Morningstar, Inc., Morningstar Investment Profiles™ 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may
not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use
of information. Past performance is no guarantee of future performance. Visit our investment website at www.morningstar.com.
%
.
13.1257-115 (4/15)
C12-0201-016
American Funds Fundamental Investors(SM) - Class R-5
Release Date
03-31-15
....................................................................................................................................................................................................................................................................................................................................................
Category
Large Blend
Portfolio Analysis
Investment
Low
Moderate
Category
3 Yr Std Dev
3 Yr Beta
9.80
1.00
1.02
.
Rel Cat
0.97
0.99
Giant
60.05
Large
Medium
Small
30.29
9.17
0.49
..........................................................
..........................................................
Micro
Value Blend Growth
0.00
Morningstar Equity Sectors as of 03-31-15
Fund%
Microsoft Corp
Amazon.com Inc
Comcast Corp Class A
Philip Morris International Inc
Boeing Co
3.55
3.05
2.82
2.79
2.48
Cyclical
36.21
5.46
13.72
16.74
0.29
Home Depot Inc
Wells Fargo & Co
Merck & Co Inc
Avago Technologies Ltd
General Electric Co
2.26
2.06
1.83
1.80
1.59
Sensitive
43.11
4.99
7.26
14.57
16.29
% Assets
...........................................................................................................
High
% Mkt Cap
Morningstar Style Box™ as of 03-31-15
81.8
14.2
0.1
2.8
1.0
Small
Volatility and Risk
% Assets
U.S. Stocks
Non-U.S. Stocks
Bonds
Cash
Other
Large Mid
The investment seeks long-term growth of capital and
income.
The fund invests primarily in common stocks of
companies that appear to offer superior opportunities for
capital growth and most of which have a history of paying
dividends. It may invest significantly in securities of issuers
domiciled outside the United States.
Past name(s): American Funds Fundamental Investors
R5.
............................................................................................................
Basic Materials
Consumer Cyclical
Financial Services
Real Estate
............................................................................................................
Communication Services
Energy
Industrials
Technology
Defensive
20.68
Consumer Defensive
Healthcare
Utilities
8.39
12.00
0.29
............................................................................................................
Principal Risks
Foreign Securities, Long-Term Outlook and Projections, Loss
of Money, Not FDIC Insured, Growth Investing, Active
Management, Income, Issuer, Market/Market Volatility
VALUE.
Operations
Net Prosp Exp Ratio
Management Fee
12b-1 Fee
Other Fee
Fund Inception Date
Fund Family Name
0.25%
.
0.00%
0.10%
05-15-02
72,472.9
29.00
American Funds
Waiver Data
Type
Exp. Date
.
.
.
Dina N. Perry. Since 1993.
Michael T. Kerr. Since 1999.
.............................................................................................
Advisor
Subadvisor
Capital Research and
Management Company
.
Notes
%
.
13.2079-115 (4/15)
C12-0201-016
VY® FMR Diversified Mid Cap Portfolio - Institutional Class
Release Date
03-31-15
....................................................................................................................................................................................................................................................................................................................................................
Category
Mid-Cap Growth
Portfolio Analysis
Investment
Low
Moderate
High
91.7
6.4
0.0
0.0
1.9
% Mkt Cap
Giant
3.90
..........................................................
Large
Medium
Small
Small
Volatility and Risk
% Assets
U.S. Stocks
Non-U.S. Stocks
Bonds
Cash
Other
Large Mid
The investment seeks long-term growth of capital.
The fund normally invests at least 80% of its assets in
securities of companies with medium market capitalizations.
The sub-adviser generally defines medium market
capitalization companies as those whose market
capitalization is similar to the market capitalization of
companies in the Russell Midcap® Index or the Standard
and Poor's MidCap 400 Index at the time of purchase. The
fund may invest up to 25% of the Portfolio's assets at the
time of purchase in securities of foreign issuers, including
emerging markets securities, in addition to securities of
domestic issuers.
Past name(s): ING FMR Diversified Mid Cap Port I.
25.10
50.07
18.86
..........................................................
Micro
Value Blend Growth
2.07
Fund%
Spirit Airlines Inc
Global Payments Inc
Cardinal Health Inc
Textron Inc
NXP Semiconductors NV
1.36
1.17
1.16
1.15
1.14
Cyclical
34.97
4.22
14.84
13.44
2.47
FedEx Corp
Fidelity National Information Services Inc
Steris Corp
CBRE Group Inc
G-III Apparel Group Ltd
1.08
1.05
1.01
1.00
0.99
Sensitive
46.64
0.67
3.50
23.00
19.47
% Assets
...........................................................................................................
Category
............................................................................................................
Basic Materials
Consumer Cyclical
Financial Services
Real Estate
............................................................................................................
Energy
Industrials
Technology
Defensive
18.38
Consumer Defensive
Healthcare
Utilities
3.88
13.72
0.78
............................................................................................................
3 Yr Std Dev
3 Yr Beta
11.57
1.11
1.21
.
Rel Cat
0.98
1.07
Principal Risks
Lending, Currency, Emerging Markets, Foreign Securities,
Loss of Money, Not FDIC Insured, Capitalization, Issuer,
Market/Market Volatility, Restricted/Illiquid Securities,
Underlying Fund/Fund of Funds, Derivatives, Mid-Cap
VALUE.
Operations
Net Prosp Exp Ratio
Management Fee
12b-1 Fee
Other Fee
Fund Inception Date
Fund Family Name
0.64%
.
.
0.00%
08-15-05
1,121.1
143.00
Voya
Waiver Data
Type
Exp. Date
.
.
.
Thomas Allen. Since 2004.
.............................................................................................
Advisor
Subadvisor
Directed Services LLC
Fidelity Management &
Research Company
Notes
%
.
13.1183-115 (4/15)
C12-0201-016
American Century Mid Cap Value Fund - Institutional Class
Release Date
03-31-15
....................................................................................................................................................................................................................................................................................................................................................
Category
Mid-Cap Value
Portfolio Analysis
Investment
Low
High
Category
3 Yr Std Dev
3 Yr Beta
8.90
0.87
0.93
.
Rel Cat
VALUE.
Large
Medium
Small
39.74
48.04
10.66
..........................................................
Micro
0.00
Fund%
2.89
2.82
2.64
1.56
1.55
Cyclical
36.76
3.53
7.08
22.70
3.45
LifePoint Hospitals Inc
Imperial Oil Ltd
Laclede Group Inc
Westar Energy Inc
Edison International
1.50
1.49
1.48
1.48
1.42
Sensitive
31.39
1.46
6.48
12.87
10.58
% Assets
............................................................................................................
Basic Materials
Consumer Cyclical
Financial Services
Real Estate
............................................................................................................
Energy
Industrials
Technology
Defensive
31.86
Consumer Defensive
Healthcare
Utilities
8.39
11.35
12.12
............................................................................................................
Principal Risks
1.56
..........................................................
Republic Services Inc Class A
Northern Trust Corp
iShares Russell Mid-Cap Value
Sysco Corp
Koninklijke Philips Nv Common Stock Eur.2
0.82
0.85
Foreign Securities, Loss of Money, Not FDIC Insured, Value
Investing, Market/Market Volatility, IPO, Shareholder
Activity, Mid-Cap
% Mkt Cap
Giant
Value Blend Growth
...........................................................................................................
Moderate
93.1
3.9
0.0
3.0
0.0
Small
Volatility and Risk
% Assets
U.S. Stocks
Non-U.S. Stocks
Bonds
Cash
Other
Large Mid
The investment seeks long-term capital growth; income is a
secondary consideration.
Under normal market conditions, the portfolio
managers will invest at least 80% of the fund's net assets in
medium size companies. The portfolio managers consider
medium size companies to include those whose market
capitalization at the time of purchase is within the
capitalization range of the Russell 3000® Index, excluding
the largest 100 such companies.
Past name(s): American Century Mid Cap Value Inst.
Operations
Net Prosp Exp Ratio
Management Fee
12b-1 Fee
Other Fee
Fund Inception Date
Fund Family Name
0.80%
.
.
0.01%
08-02-04
6,691.4
67.00
American Century Investments
Waiver Data
Type
Exp. Date
.
.
.
Kevin Toney, CFA. Since 2004.
Philip N. Davidson, CFA. Since 2004.
.............................................................................................
Advisor
Subadvisor
American Century Inv Mgt,
Inc.
.
Notes
%
.
13.1774-115 (4/15)
C12-0201-016
American Beacon Small Cap Value Fund - Institutional Class
Release Date
03-31-15
....................................................................................................................................................................................................................................................................................................................................................
Category
Small Value
Portfolio Analysis
Investment
Low
Moderate
High
91.4
5.1
0.0
3.5
0.0
% Mkt Cap
Giant
0.00
..........................................................
Small
Volatility and Risk
% Assets
U.S. Stocks
Non-U.S. Stocks
Bonds
Cash
Other
Large Mid
The investment seeks long-term capital appreciation and
current income.
Under normal circumstances, at least 80% of the fund's
net assets (plus the amount of any borrowings for investment
purposes) are invested in equity securities of small market
capitalization companies. These companies have market
capitalizations of $5 billion or less at the time of investment.
The fund's investments may include common stocks,
preferred stocks, securities convertible into common stocks,
real estate investment trusts ("REITs"), American Depositary
Receipts ("ADRs") and U.S. dollar-denominated foreign
stocks traded on U.S. exchanges (collectively, "stocks").
Past name(s): American AAdvantage Small Cp Val Inst.
Large
Medium
Small
0.00
17.52
61.57
Micro
20.91
..........................................................
Value Blend Growth
Fund%
Russell 2000 Mini Mar15 Ifus 20150320 03-20-15
Jp Morgan Us Government Ogvxx 01-01-50
First Horizon National Corp
Vishay Intertechnology Inc
American Axle & Mfg Holdings Inc
3.34
3.10
1.14
0.92
0.88
Cyclical
52.37
6.50
16.08
26.17
3.62
Synovus Financial Corp
WellCare Health Plans Inc
Mentor Graphics Corp
Portland General Electric Co
Great Plains Energy Inc
0.82
0.70
0.67
0.65
0.62
Sensitive
36.13
0.73
3.26
16.73
15.41
% Assets
...........................................................................................................
Category
............................................................................................................
Basic Materials
Consumer Cyclical
Financial Services
Real Estate
............................................................................................................
Energy
Industrials
Technology
Defensive
11.49
............................................................................................................
3 Yr Std Dev
3 Yr Beta
13.47
1.21
1.40
.
Rel Cat
Consumer Defensive
Healthcare
Utilities
1.05
1.08
Principal Risks
Lending, Loss of Money, Not FDIC Insured, Quantitative
Investing, Value Investing, Issuer, Market/Market Volatility,
Equity Securities, Futures, Industry and Sector Investing,
Underlying Fund/Fund of Funds, Suitability, Management,
Small Cap
VALUE.
3.08
4.67
3.74
Operations
Net Prosp Exp Ratio
Management Fee
12b-1 Fee
Other Fee
Fund Inception Date
Fund Family Name
0.45%
0.00%
0.01%
0.35%
12-31-98
5,934.8
73.00
American Beacon
Waiver Data
Type
Exp. Date
.
.
.
%
.
Adriana R. Posada. Since 1998.
James B. Miles. Since 1998.
.............................................................................................
Advisor
Subadvisor
American Beacon Advisors,
Inc.
Barrow, Hanley, Mewhinney
& Strauss LLC.
Notes
The Total Annual Fund Operating Expenses do not correlate to the ratio of expenses to average net assets provided in the Fund's
Financial Highlights table, which reflects the operating expenses of the Fund and does not include Acquired Fund Fees and
Expenses.
13.2676-115 (4/15)
C12-0201-016
Release Date
03-31-15
....................................................................................................................................................................................................................................................................................................................................................
Category
Foreign Large Growth
Portfolio Analysis
% Assets
Novo Nordisk A/S B
Bayer AG
SOFTBANK Corp
Novartis AG
Prudential PLC
4.33
2.61
2.42
2.35
1.82
Barclays PLC
HDFC Bank Ltd
Murata Mfg Co Ltd
AIA Group Ltd
Baidu Inc ADR
Investment
Low
Moderate
High
Category
3 Yr Std Dev
3 Yr Beta
11.41
0.89
1.19
.
Rel Cat
0.96
0.99
Principal Risks
Emerging Markets, Foreign Securities, Long-Term Outlook
and Projections, Loss of Money, Not FDIC Insured, Growth
Investing, Active Management, Issuer, Market/Market
Volatility
VALUE.
1.74
1.50
1.40
1.36
1.36
Morningstar Super Sectors as of 03-31-15
% Fund
Cyclical
39.02
Sensitive
35.57
Defensive
25.40
% Mkt Cap
Giant
61.68
Large
Medium
Small
32.25
6.07
0.00
..........................................................
..........................................................
Micro
Value Blend Growth
...........................................................................................................
0.0
86.7
0.4
9.4
3.5
Small
Volatility and Risk
% Assets
U.S. Stocks
Non-U.S. Stocks
Bonds
Cash
Other
Large Mid
The investment seeks long-term growth of capital.
The fund invests primarily in common stocks of issuers
in Europe and the Pacific Basin that the investment adviser
believes have the potential for growth. Growth stocks are
stocks that the investment adviser believes have the
potential for above-average capital appreciation. It normally
invests at least 80% of net assets in securities of issuers in
Europe and the Pacific Basin. The fund may invest a portion
of its assets in common stocks and other securities of
companies in countries with developing economies and/or
markets.
Past name(s): American Funds EuroPacific Gr R5.
0.00
Morningstar World Regions as of 03-31-15
% Fund
Americas
3.45
North America
Latin America
2.84
0.61
Greater Europe
56.05
United Kingdom
Europe Developed
Europe Emerging
Africa/Middle East
15.89
37.91
0.78
1.47
...........................................................................................................
...........................................................................................................
Greater Asia
40.50
Japan
Australasia
Asia Developed
Asia Emerging
13.94
0.75
10.12
15.68
...........................................................................................................
Operations
Net Prosp Exp Ratio
Management Fee
12b-1 Fee
Other Fee
Fund Inception Date
Fund Family Name
0.42%
.
0.00%
0.12%
05-15-02
128,510.1
28.00
American Funds
Waiver Data
Type
Exp. Date
.
.
.
Mark E. Denning. Since 1991.
Carl M. Kawaja. Since 2000.
.............................................................................................
Advisor
Subadvisor
Capital Research and
Management Company
.
Notes
%
.
13.817-115 (4/15)
C12-0201-016

newsletter - Kansas Board of Regents Retirement Plans

Transcription

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