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Resources and Benefits Briefing < May
2005
Expanded UC "Core Funds" and other investment options for the University’s Defined Contribution, Tax-Deferred 403(b), and 457(b) Deferred Compensation plans – known collectively as the UC Retirement Savings Program – take effect this July.
Detailed information about these changes is being sent to current Program participants in late May. This information is also available on the At Your Service website.
Core Funds menu
Selected and monitored by the UC Office of the Treasurer, the Core Funds comprise a menu of existing and new funds. The menu is designed to suit both single-fund investors and investors who prefer to build a diversified portfolio on their own.
The menu offers three categories of funds:
Single, Diversified Options –
The UC Pathway Funds and UC Balanced Growth Fund are designed for investors who want a simple yet diversified retirement savings approach within a single fund.
Primary Asset Class Options –
Participants who are comfortable building a diversified portfolio on their own using broad-based asset class funds can choose among seven funds:
- UC Savings Fund
- UC ICC (Insurance Company Contract) Fund
- UC Bond Fund
- UC TIPS (Treasury Inflation-Protected Securities) Fund
- UC Domestic Equity Index Fund
- UC Equity Fund
- UC International Equity Index Fund
Specialized Asset Class Options –
Four options for supplementing broad-based portfolios will be available:
- Vanguard® Small Cap Index Fund – Admiral Shares™
- Dimensional Emerging Markets Portfolio
- Vanguard® REIT Index Fund – Admiral Shares™
- Vanguard® Calvert Social Index Fund – Investor Shares
Non-Core Funds options
The investment options offered in the Core Funds menu are reviewed regularly by the UC Office of the Treasurer for their suitability for retirement plan investing.
If you are willing to assume the responsibility of putting together and monitoring your own individualized portfolio, you can choose investments outside the Core Funds menu, including mutual funds from Fidelity Investments and the Calvert Group. These investment options are not reviewed by the Treasurer's Office. Other mutual funds are available if you establish a self-directed brokerage account (additional fee applies).
