Missouri 2005 Fund

Home » About The Plan » Fund Information and Fees » Missouri 2005 Fund

Manager: AllianceBernstein designs and implements the asset allocation and actively manages the glidepath. The investment portfolios underlying the Missouri Target Date Funds are managed by State Street Global Advisors, Vanguard, and BlackRock.

Category: A custom target date separate account (not a mutual fund).

Objective: Seeks the highest total return over time, consistent the Fund’s asset mix.

Strategy: The Missouri 2005 Fund is a diversified portfolio of equities and bonds built for retired investors, typically those born between 1938 and 1942. Over time, professional fund managers gradually adjust the investments, so the investment mix makes sense for your age. Funds that are farthest away from their target dates start out invested almost entirely in equities to emphasize the growth potential you need to build wealth over the long term. As you move closer to retirement, the Fund automatically adjusts to a more conservative mix of investments. That means fewer equities and more bonds. So by the time you move into retirement, the Fund will be more focused on protecting principal and generating income.

Expenses: 0.22%*

Click here to view the fund fact sheet

IMPORTANT: Missouri Target Date Fund Frequent Trading Policy

The Plan’s Frequent Trading Policy defines frequent trading as “a buy followed by a sell, three times in the same fund during a 90 calendar day period, or as a buy followed by a sell, 10 times in the same fund within a 365 calendar day period.” The buy and sell do not have to be consecutive and only investor-initiated fund transfers are considered in this process. The Plan's record keeper, ICMA-RC, monitors buys and sells across all accounts and all funds that it record keeps, and if frequent trading is detected in a fund(s), they will impose a temporary restriction(s) on transfers into that fund(s) for a period of 180 days. Should frequent trading activity continue, ICMA-RC reserves the right to impose a permanent restriction(s) on transfers into the fund(s) it is detected in. Restrictions only apply to buys, and sells are never blocked.

*The above fees include operating expenses and investment management and administrative fees and may be subject to change.