FUND SUMMARY
The Default Strategy is our default option; if a participant makes no investment selection, this option will be selected. The Default Strategy is a balanced approach to growth-and-income investing. This portfolio, in general, follows the traditional method of allocating between equities and fixed income. It is a preset allocation with a diversified portfolio of quality stocks and bonds.
Performance Overview (as of 06/30/24)
| Current YTD | 10.820% |
| One Year (2023) | 32.050% |
| Three Year | 6.687% |
| Five Year | 10.551% |
| Ten Year | 7.639% |
| Life to Date | 7.733% |
* Earnings results calculated on total investment return
Asset Allocation
Asset Class
| Large Cap Growth | 25% |
| Large Cap Value | 25% |
| SMID Cap | 10% |
| Intermediate Fixed Income | 40% |
**To find more information about each asset class, click on the link above.
Investment Description
The investment objectives of the fund are (1) long-term growth of capital, (2) current income, and (3) conservation of capital. This portfolio is concerned with long-term risks: reinvestment rate and inflation. This approach seeks to preserve capital and dampen year-to-year volatility but is allocated to growth over the long-term. With a diversified portfolio of quality stocks and bonds, the Default Strategy invests 60% of its assets in equities and 40% in fixed income.
Fund Statistics
- Inception Date: July, 1969
- Time Horizon: 3 to 10 years
