Fund Size: (3/31/2013): $158 Million
To maximize risk-adjusted total return consistent with investment in long-term high-quality fixed income securities.
Invests predominantly in a broadly diversified portfolio of U.S. government and foreign government securities and high quality corporate bonds. Other sectors may include mortgage-backed and asset-backed securities as well as short-term investments.
Pension Boards In-House Fixed Income Group (Core Fixed Income)
Neuberger Berman (High Yield)
Western Asset Management Company (Bank Loan)
Contrarian DRE Management, L.L.C. (Bond Alternative)
Stone Harbor Investment Partners (Emerging Markets Debt)
Expenses (or expense ratios) are reported as the percentage of total expenses for the management and administration of the Pension Boards’ Bond Fund and will vary annually. There are no sales commissions, 12b-1 fees, or load charges. Fees as a percent of assets in 2012 were 0.36%.
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Stable Value Fund
Target Annuitization Date Fund