Core Investment Funds

You have the flexibility to choose how your Unclassified Plan contributions are invested. You may choose your own investment mix from any of the core funds offered by the plan.


Consider this approach if you . . .

  • are a hands-on, knowledgeable investor.

  • have a working knowledge of asset allocation, diversification, and long-term investment horizon.

  • are comfortable researching and making sure your retirement portfolio has the right mix of asset classes.

  • understand the importance of monitoring your account to ensure the funds you chose continue to meet your retirement goals.


Or, if you prefer, you can simplify investing with a Target Retirement Fund.

 

Core Investment Funds

Funds appear in order of highest to lowest risk/potential reward. You can invest in any combination of these investment options.

Fund Description and Fact Sheet

  • Broad International Stock Fund
  • Fact Sheet: Broad International Stock Fund 
     

    Fund Description:

    Earns returns by investing in stock of companies outside the U.S, in both developed and emerging markets. The six largest international markets are: Japan, United Kingdom, France, Canada, Germany, and Switzerland. 

    Foreign investments involve special risks, including currency fluctuation, taxation differences and political developments.

  • U.S. Stock Actively Managed Fund
  • Fact Sheet: U.S. Stock Actively Managed Fund


    Fund Description:

    Generates returns from dividends and capital appreciation by investing almost exclusively in stock of U.S. companies. The fund uses a group of external stock managers, resulting in a variety of investment styles and approaches. This structure assures that the fund covers all areas of the broad stock market.

  • U.S. Stock Index Fund
  • Fact Sheet: U.S. Stock Index Fund


    Fund Description:

    Invests in stock of over 2,000 U.S. companies. The fund is managed passively and designed to replicate the returns of the Russell 3000 Index, a broad market index that reflects a diverse range of publicly traded U.S.stocks.

  • Balanced Fund
  • Fact Sheet: Balanced Fund
     

    Fund Description:

    Earns returns from capital appreciation and income from dividends and interest by investing in a mix of about 60% stocks, 35% bonds, and 5% in cash.The fund's stock segment is managed passively and indexed to the Russell 3000. The bond segment is passively managed.

    Balanced investment options are subject to the risks of the underlynig funds, which can be a mix of stocks/stock funds and bonds/bond funds.

  • Bond Fund
  • Fact Sheet: Bond Fund


    Fund Description:

    Generates returns from interest income and capital appreciation by investing in government issues, high-quality U.S. corporate bonds and mortgage securities that have intermediate to long-term maturities.

    A bond fund's yield, unit price and total return change daily and are based on the changes in interest rates, market conditions, economic and political news, and the quality and maturity of its invesments. In general, bond prices fall when interest rates rise and vice versa.

  • Stable Value Fund
  • Fact Sheet: Stable Value Fund


    Fund Description:

    Designed to maintain the value of a participant's original investment and to provide competitive returns by investing in a well-diversified portfolio of high-quality, fixed income securities with strong credit ratings.

    You may not transfer balances directly from the Stable Value Fund to the Money Market Fund. Please note, there are risks that could cause conservative investment options, like the Stable Value Fund, to lose value..

  • Money Market Fund
  • Fact Sheet: Money Market Fund


    Fund Description:

    Seeks to maintain principal value and earns interest that is competitive relative to short-term money market funds. The funds invests in high-quality, short-term instruments.

    You could lose money by investing in the Money Market Fund. Although the fund seeks to preserve the value of your investment at $1 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The plan's sponsor (MSRS) has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

New Investment Fund Line Up, Effective July 1, 2019

  • T. Rowe Price Small Cap Stock Fund
  • Fund Information:  T. Rowe Price Small Cap Stock Fund

    Ticker Symbol:  TRSSX

    Asset Class: Small-Cap Domestic Stock
    Typically invest in the stock of small U.S. companies whose market capitalization is less than $2 billion. Small company funds involve increased risk and volatility.

     

  • Vanguard Total International Stock Index Fund
  • Fund Information:  Vanguard Total International Stock Index Fund (Institutional Plus Shares)

    Ticker Symbol:  VTPSX

    Asset Class: International Stock
    Typically invest in the stock of non U.S. companies. International investing involves additional risks including: currency fluctuations, political instability, differenced in accounting standards and foreign regulations.

     

  • Vanguard Mid Cap Index Fund
  • Fund Information:  Vanguard Mid Cap Index Fund (Institutional Plus Shares)

    Ticker Symbol:  VMCPX

    Asset Class: Mid-Cap Domestic Stock
    Typically invest in the stock of mid-sized U.S. companies whose market capitalization is valued at $2 - $10 billion. Mid-cap stock funds are subject to market risk. They are generally perceived to be riskier than large-cap stock funds, but less risky than small-cap stock funds.

     

  • Vanguard Total Stock Market Index Fund
  • Fund Information:  Vanguard Total Stock Market Index Fund (Institutional Plus Shares)

     

    Ticker Symbol:  VSMPX

    Asset Class: All-Cap Domestic Stock
    Typically invest in the U.S. stock market and includes large-, mid-, small-, and micro-cap stocks regularly traded on the New York Stock Exchange and Nasdaq.

  • Vanguard Dividend Growth Fund
  • Fund Information:  Vanguard Dividend Growth Fund  

    Ticker Symbol:  VDIGX

    Asset Class: Large-Cap Domestic Stock
    Typically invest in the stock of large U.S. companies whose market capitalization is valued over $10 billion. Large-cap stock funds are subject to market risk.  

     

  • Vanguard Balanced Index Fund
  • Fund Information:  Vanguard Balanced Index Fund (Institutional Shares)

    Ticker Symbol:  VBAIX

    Asset Class: Balanced
    Typically invest in a mix of stock and bond funds and are subject to the risk of these investments.   

     

  • Dodge & Cox Income Fund
  • Fund Information:  Dodge & Cox Income Fund

    Ticker Symbol:  DODIX

    Asset Class: Bond
    Typically invest in bonds issued by corporations and/or government entities. Bond funds have the same interest rate, inflation and credit risks associated with the underlying bonds owned by the fund.

    A bond fund's yield, share price and total return change daily and are based on changes in interest rates, market conditions, economic and political news and the quality of its investments. In general, bond prices fall when interest rates rise and vice versa.

     

  • Vanguard Total Bond Market Index Fund
  • Fund Information:  Vanguard Total Bond Market Index Fund (Institutional Plus Shares)

    Ticker Symbol:  VMBPX

    Asset Class: Bond

    Typically invest in bonds issued by corporations and/or government entities. Bond funds have the same interest rate, inflation and credit risks associated with the underlying bonds owned by the fund.

    A bond fund's yield, share price and total return change daily and are based on changes in interest rates, market conditions, economic and political news and the quality of its investments. In general, bond prices fall when interest rates rise and vice versa.

     

  • Stable Value Fund
  • Fund Information:  SIF Stable Value Fund

    Ticker Symbol:  N/A

    Asset Class: Stable Value
    Intended to deliver safety and stability by preserving an investors principal investment while accumulating interest earnings. They are similar to money market funds but tend to offer higher returns. While they are the largest conservative investment in defined contribution retirement plans, it is possible to lose money by investing in the Fund.  Stable Value Funds explained.

     

  • Money Market Fund
  • Fund Information:  SIF Money Market Fund

    Ticker Symbol:  N/A

    Asset Class: Money Market
    Typically subject to less volatility than any other investment. Depending on short-term interest rates, may not keep pace with inflation.

    These funds are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.

    While a money market fund's objective generally includes the preservation of capital, it is possible to lose money by investing in the fund. There is no assurance that the fund will maintain a stable net asset value of $1 per share.

     

Important Note:
All Minnesota Supplemental Investment Fund investments are not guaranteed and are subject to investment risk including the possible loss of principal. The investment return and principal value of the security will fluctuate so that when redeemed, may be worth more or less than the original investment.

Equity securities of small and mid-sized companies may be more volatile than securities of larger, more established companies. Asset allocation and balanced investmen options and models are subject to the risks of the underlying funds, which can be a mix of stock/stock funds and bond/bond funds. A bond fund's yield, share price and total return change daily and are based on changes in interest rates, market conditions, economic and political news, and the quality and maturity of its investments. In general, bond prices fall when interest rates rise and vice versa.

Although data is gathered from reliable sources. the completeness of accuracy of the data shown cannot be guaranteed. All information is most current as it is provided by the data shown.