The table below lists the funds available for investment through Monroe County Deferred Compensation Plan administered by ICMA-RC.
Clicking on a fund name will open a profile which describes the investment, including performance, objectives, statistics, and other fund information. The funds are listed from conservative to aggressive order in the lineup.
|Stable Value/Cash Management|
|VT PLUS FundA, B, C, D||7071||N/A||N/A||04/01/1991|
|Dodge & Cox Income FundE, F, G, II||4581||DODIX||Intermediate-Term Bond||01/03/1989|
|Templeton Global Fund Bond AE, F, G, H, II, III||5376||TPINX||World Bond||09/18/1986|
|Manning & Napier Retirement Target Income CIT Fund II, J, K||5051||N/A||N/A||05/31/2007|
|Manning & Napier Retirement Target 2015 CIT Fund II, III, J, K||5057||N/A||N/A||08/03/2012|
|Manning & Napier Retirement Target 2020 CIT Fund II, J, K||5053||N/A||N/A||05/31/2007|
|Manning & Napier Retirement Target 2025 CIT Fund II, III, J, K||5058||N/A||N/A||08/03/2012|
|Manning & Napier Retirement Target 2030 CIT Fund II, J, K||5054||N/A||N/A||05/31/2007|
|Manning & Napier Retirement Target 2035 CIT Fund II, III, J, K||5059||N/A||N/A||08/03/2012|
|Manning & Napier Retirement Target 2040 CIT Fund II, J, K||5055||N/A||N/A||05/31/2007|
|Manning & Napier Retirement Target 2045 CIT Fund II, III, J, K||5060||N/A||N/A||08/03/2012|
|Manning & Napier Retirement Target 2050 CIT Fund II, J, K||5056||N/A||N/A||05/31/2007|
|Manning & Napier Retirement Target 2055 CIT Fund II, III, J, K||5061||N/A||N/A||08/03/2012|
|Manning & Napier Retirement Target 2060 CIT Fund II, III, J, K||5062||N/A||N/A||10/06/2015|
|VT Puritan® FundC, D, IV, L||7724||N/A||N/A||04/05/1999|
|MFS Value FundE, G, II, M||5088||MEIJX||Large Value||04/01/2005|
|Vanguard 500 Index Fund AdmiralE, G, II||5404||VFIAX||Large Blend||11/13/2000|
|Fidelity Large Cap Stock FundE, G, II||4770||FLCSX||Large Blend||06/22/1995|
|VT Contrafund®C, D, IV, L, M||7733||N/A||N/A||04/05/1999|
|Nationwide Mid Cap Market IndexE, G, II, III, N||1434||GMXIX||Mid-Cap Blend||12/29/1999|
|John Hancock Disciplined Value Mid Cap Fund IE, G, II, N||4976||JVMIX||Mid-Cap Value||06/03/1997|
|Eaton Vance Atlanta Capital SMID-Cap FundE, G, II, M, N||4626||ERASX||Mid-Cap Blend||07/01/2014|
|Northern Small Cap Value FundE, G, II, III, M, O||1436||NOSGX||Small Value||03/31/1994|
|Vanguard Small-Cap Index Fund AdmiralE, G, II, O||5449||VSMAX||Small Blend||11/13/2000|
|T Rowe Price® QM US Small Cap Growth Equity FundE, G, II, M, O, P||5369||PRDSX||Small Growth||06/30/1997|
|American Funds Capital World Growth & Income FundE, G, H, II||4387||RWIEX||World Large Stock||06/27/2002|
|Oakmark International Fund InstitutionalE, G, H, II, III||1485||OANIX||Foreign Large Blend||11/30/2016|
|Virtus Vontobel Emerging Markets Opportunities Fund IE, G, H, II||5544||HIEMX||Diversified Emerging Mkts||10/20/1997|
Investment options listed were available at the time this information was generated and can change overtime. Investment option performance is available the 5th business day after month end and benchmark/peer group performance is available on the 10th business day after quarter end. Information prior to those time periods may be incomplete.
Please refer to http://www.icmarc.org/for-individuals/education/glossary for a glossary of investment and fee related terms.
Dennis Morihara is an employee of M&T Securities, Inc. engaged by ICMA-RC on behalf of the Monroe County Deferred Compensation Plan.
Investment Option Disclosures
|A.||VT PLUS Fund return is annualized for all periods.|
|B.||ICMA-RC and your employer may negotiate a different fund management or service fee for your Plan that would lower the total expense ratio. The performance and total expense ratio shown do not reflect any such alternative fee arrangements.|
|C.||Before investing in the Fund you should carefully consider your investment goals, tolerance for risk, investment time horizon, and personal circumstances. There is no guarantee that the Fund will meet its investment objective and you can lose money.|
|D.||The Fund is an investment option of VantageTrust, a group trust established and maintained by VantageTrust Company, LLC, a wholly owned subsidiary of ICMA-RC. VantageTrust provides for the commingling of assets of certain trusts and plans as described in its Declaration of Trust, and is only available for investment by such eligible trusts and plans. The Fund is not a mutual fund. Its units are not deposits of VantageTrust Company and are not insured by the Federal Deposit Insurance Corporation or any other agency. The Fund is a security that has not been registered under the Securities Act of 1933 and is exempt from investment company registration under the Investment Company Act of 1940. For additional information regarding the Fund, including a description of the principal risks, please consult the VantageTrust Funds Disclosure Memorandum, which is available when plan administration clients log in at www.icmarc.org, at www.vantagepointfunds.org for institutions, or upon request by calling 800-669-7400.|
|E.||Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2018 All rights reserved. This information: (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 and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.|
|F.||A fixed income fund is subject to credit risk and interest rate risk. Credit risk is when an issuer of a fixed income security may be unable or unwilling to make payments of principal or interest to the holders of these securities or may declare bankruptcy. Fixed income securities fluctuate in value as interest rates change. When interest rates rise, the market prices of fixed income securities will usually decrease; when interest rates fall, the market prices of fixed income securities usually will increase.|
|G.||Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, emailing email@example.com, or visiting www.icmarc.org.|
|H.||Funds that invest in foreign securities are exposed to the risk of loss due to political, economic, legal, regulatory, and operational uncertainties; differing accounting and financial reporting standards; limited availability of information; currency fluctuations; and higher transaction costs. Investments in foreign currencies or securities denominated in foreign currencies (including derivative instruments that provide exposure to foreign currencies) may experience gains or losses solely based on changes in the exchange rate between foreign currencies and the U.S. dollar. The risk of investing in foreign securities may be greater with respect to securities of companies located in emerging market countries. The value of developing or emerging market currencies may fluctuate more than the currencies of companies with more mature markets.|
|I.||The Fund is not a complete solution for all of your retirement savings needs. An investment in the Fund includes the risk of loss, including near, at or after the target date of the Fund. There is no guarantee that the Fund will provide adequate income at and through an investor's retirement.|
|J.||Performance calculations are provided by Manning & Napier.|
|K.||Performance through the inception date of the Retirement Target 2050, 2040, 2030, 2020, and Income CIT Class I units (06/04/2012) reflects the performance of the Retirement Target Institutional CIT, which was merged into the Retirement Target CIT to establish the Class I units. Performance through the inception date of the Retirement Target 2060 and 2055 CIT Class I units (10/06/2015 and 10/11/2012 respectively) is based on the historical performance of the CIT's oldest unit class. Performance through the inception date of each Retirement Target CIT and Institutional CIT (09/18/2015 for 2060; 08/17/2012 for 2055; 08/03/2012 for 2045, 2035, 2025, and 2015; and 05/31/2007 for 2050, 2040, 2030, 2020, and Income) is not the past performance of the Retirement Target CIT or Institutional CIT and is based on historical performance data of the Manning & Napier Pro-Mix™ CIT(s) that would have been held according to the Retirement Target CIT's glide path. Returns are net of the Class I expenses. The Retirement Target CIT will gradually become more conservative over time. Performance data quoted represents past performance and does not guarantee future results. Your investment may fluctuate in value and there is a potential for loss as well as profit. Source: Manning & Napier Advisors, LLC.|
|L.||PURITAN and CONTRAFUND are registered service marks of FMR LLC. Used with permission.|
|M.||Certain funds may be subject to style risk, which is the possibility that the investment style of its investment adviser will trail the returns of the overall market. In the past, different types of securities have experienced cycles of outperformance and underperformance in comparison to the market in general. For example, growth stocks have performed best during the later stages of economic expansion and value stocks have performed best during periods of economic recovery. Both styles may go in and out of favor. When the investing style used by a fund is out of favor, that fund is likely to underperform other funds that use investing styles that are in favor.|
|N.||Funds that invest primarily in mid-capitalization companies involve greater risk than is customarily associated with investments in larger, more established companies. Equity securities of mid-capitalization companies generally trade in lower volume and are generally subject to greater and less predictable price changes than the securities of larger companies.|
|O.||Funds that invest primarily in small-capitalization companies involve greater risk than is customarily associated with investments in larger, more established companies. Equity securities of small-capitalization companies are generally subject to greater price volatility than those of larger companies due to less certain growth prospects, the lower degree of liquidity in the markets for their securities, and the greater sensitivity of smaller companies to changing economic conditions. Also, small-capitalization companies may have more limited product lines, fewer capital resources and less experienced management than larger companies.|
|P.||T. Rowe Price® is a registered trademark of T. Rowe Price Group, Inc. - all rights reserved.|
|II.||Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2018 All rights reserved. This information: (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 and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.|
|III.||Differences between the net and gross expense ratios of a fund are typically due to fee waivers, expense reimbursements, and/or expense limits.|
|IV.||VantageTrust Funds invest either in collective investment funds or underlying registered funds. Please refer to the underlying fund's disclosure documents for additional information on fund fees and expenses.|
Great news! The Monroe County Deferred Compensation Plan can help with investment guidance and advice. Our new Guided Pathways® offering gives you three options:
- Asset Class Guidance: Helps you develop a retirement savings plan and determine asset-class allocation (FREE).
- Fund Advice: Asset class guidance, plus help selecting appropriate funds (FREE).
- Managed Accounts: Asset class guidance and fund advice, plus have your account professionally managed on an ongoing basis (Asset-Level Fee).
Brokerage Window Option
In addition to carefully selecting and routinely evaluating the funds offered to you through the plan, Monroe County recently introduced a brokerage window for the Monroe County Deferred Compensation Plan.
This option allows you to choose investments outside the plan's core lineup, including individual stocks, exchange-traded funds (ETFs), and more!
To review your investment options or sign up for brokerage, log into your account and click Investments.
Common Misconceptions: "I should be able to receive high returns when I invest in low-risk funds." FALSE! Higher returns and higher risk tend to go hand-in-hand - and vice versa. There's no guarantee that any fund will bring you high returns. However, historical data shows us that it's the more aggressive, higher-risk funds that tend to yield higher returns, while the more conservative, lower-risk funds tend to yield lower returns.