Objectives: The Conservative Static Investment Option seeks to provide current income and some growth of capital by investing 23% of its assets in diversified investments of domestic and international equity funds, 2% real estate funds, 49% domestic and international fixed income funds, 11% money market funds, 10% FDIC-insured savings account, and 5% inflation-protected funds.
Strategies: The Investment Option invests in funds according to a fixed formula that typically results in an allocation of 18% domestic equity funds, 2% real estate funds, 5% international equity funds, 4% international bond funds, 45% fixed income funds, 5% inflation-protected funds, 10% FDIC-insured savings account, and 11% money market funds. The Investment Option manages cash flows to maintain the stated asset allocation. The stock holdings in the underlying mutual funds consist primarily of large-cap U.S. stocks and to a lesser extent, mid- and small-cap U.S. stocks and foreign stocks.
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Expense Ratio: The estimated overall expense ratio for this Portfolio is:
|Underlying Estimated Fund Expenses:1
|Program Management Fee:
|State Administrative Fee:
1As of May 31, 2018.
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