Summit Strategies Group 8182 Maryland Avenue, 6th Floor St. Louis, Missouri

Transcription

1 Summit Strategies 88 Maryland Avenue, 6th Floor St. Louis, Missouri Participant nd Quarter 06 Performance Summary South Carolina Optional Retirement Program

2 LINE-UP COMPARISON South Carolina ORP Line-Up Comparison As Of June 0, 06 Asset Class MassMutual MetLife TIAA-CREF VALIC Large Core Vanguard Institutional Index I (VINIX) Vanguard Institutional Index I (VINIX) TIAA-CREF Equity Index I (TIEIX) Vanguard Instl Index Inst (VINIX) Large Value MFS Value R5 (MEIKX) JPMorgan Equity Income R6 (OIEJX) T. Rowe Price Instl Large Cap Value (TILCX) Vanguard Value Index I (VIVIX) Domestic Equity International Equity Inflation Hedge Target Date / Cash & Equivalents Large Growth Mid/SMID Small Core Small Value Small Growth MassMutual Select Blue Chip Growth I (MBCZX) Vanguard Small Cap Index Inst (VSCIX) American Beacon Small Cp Val Inst (AVFIX) Invesco Small Cap Discovery R6 (VFSCX) ClearBridge Large Cap Growth I (SBLYX) Delaware Small Cap Core (DCCIX) Victory Integrity Small-Cap Value R6 (MVSSX) T.Rowe Price QM US Small-Cap Growth (PRDSX) - T. Rowe Price Instl Large Cap Growth (TRLGX) TIAA-CREF Small Cap Index I (TISBX) Vanguard Small Cap Index Inst (VSCIX) Large Core CREF Stock Annuity - Large Value - Large Growth Emerging Core Plus TIPS / Real Assets Multi-Asset Class Money Market / Stable Value Oppenheimer International Growth I (OIGIX) Thornburg Developing World R6 (TDWRX) Causeway International Value I (CIVIX) Harding Loevner Instl EM I (HLMEX) Core JPMorgan Core Bond R6 (JCBUX) - Vanguard Inflation-Protected Secs Adm (VAIPX) T. Rowe Price Retirement / American s American R6 (RLBGX) General Fixed Interest Account - MetWest Total Return Bond Plan (MWTSX) PIMCO Real Return Inst (PRRIX) American s Trgt Date Retire R6 / Columbia Y (CBDYX) Vanguard Federal Money Market (VMFXX) / MetLife Gold Track Select - American s EuroPacific Gr R6 (RERGX) American s New World R6 (RNWGX) American s EuroPacific Gr R6 (RERGX) Vanguard Emg Mkts Stock Index Adm (VEMAX) TIAA-CREF Bond Index I (TBIIX) Vanguard Total Bond Market Index I (VBTIX) CREF Inflation-Linked Bond Annuity TIAA-CREF Lifecycle Instl TIAA-CREF Money Market Instl (TCIXX) TIAA Traditional Annuity DFA Inflation-Protected Securities I (DIPSX) Vanguard Target Retire Inv VALIC Fixed Interest Other Industry Sector / Socially Responsible Ivy Science and Technology R6 (ISTNX) Principal Real Estate Securities I (PIREX) CREF Real Estate Securities Instl (TIREX) / CREF Social Choice Annuity Vanguard Health Care Adm (VGHAX) = Passive Index. CIT = Commingled investment trust.

3 FUND LINE-UP STATISTICS - MASSMUTUAL Year Year 5 Year Vanguard Institutional Index I VINIX MFS Value R5 MEIKX MassMutual Select Blue Chip Growth I MBCZX Vanguard Mid Cap Index I VMCIX Vanguard Small Cap Index I VSCIX American Beacon Small Cap Value Instl AVFIX Invesco Small Cap Discovery R6 VFSCX Oppenheimer International Growth I OIGIX Thornburg Developing World R6 TDWRX American s American R6 RLBGX Target Date T. Rowe Price Retirement I 060 I TRPLX T. Rowe Price Retirement I 055 I TRPNX T. Rowe Price Retirement I 050 I TRPMX T. Rowe Price Retirement I 045 I TRPKX T. Rowe Price Retirement I 040 I TRPDX T. Rowe Price Retirement I 05 I TRPJX T. Rowe Price Retirement I 00 I TRPCX T. Rowe Price Retirement I 05 I TRPHX T. Rowe Price Retirement I 00 I TRBRX T. Rowe Price Retirement I 05 I TRFGX T. Rowe Price Retirement I 00 I TRPAX Ivy Science & Technology R6 ISTNX JPMorgan Core Bond R6 JCBUX Vanguard Inflation-Protected Securities Adm VAIPX Stable Value General Fixed Interest N/A A hybrid was created with longer dated share classes to capture 5-year performance and risk metrics. Ratio Total Return (%) Total Return Percentile Rank 5 Year Summit Peer

4 FUND LINE-UP STATISTICS - METLIFE Year Year 5 Year Vanguard Institutional Index I VINIX JPMorgan Equity Income R6 OIEJX ClearBridge Large Cap Growth I SBLYX Vanguard Mid Cap Index I VMCIX Delaware Small Cap Core I DCCIX Victory Integrity Small-Cap Value R6 MVSSX T. Rowe Price Diversified Small Cap Growth PRDSX Causeway International Value Instl CIVIX Harding Loevner Instl Emerging Markets I HLMEX Columbia Y CBDYX Target Date American s 060 Trgt Date Retire R6 RFUTX American s 055 Trgt Date Retire R6 RFKTX American s 050 Trgt Date Retire R6 RFITX American s 045 Trgt Date Retire R6 RFHTX American s 040 Trgt Date Retire R6 RFGTX American s 05 Trgt Date Retire R6 RFFTX American s 00 Trgt Date Retire R6 RFETX American s 05 Trgt Date Retire R6 RFDTX American s 00 Trgt Date Retire R6 RRCTX American s 05 Trgt Date Retire R6 RFJTX American s 00 Trgt Date Retire R6 RFTTX Principal Real Estate Securities Instl PIREX Metropolitan West Total Return Bond Plan MWTSX PIMCO Real Return Instl PRRIX MMF/Stable Value Vanguard Federal Money Market Inv VMFXX Gold Track Select N/A A hybrid was created to capture 5-year performance and risk metrics. Ratio Total Return (%) Total Return Percentile Rank 5 Year Lipper Peer

5 FUND LINE-UP STATISTICS - TIAA-CREF Year Year 5 Year TIAA-CREF Equity Index Instl TIEIX T. Rowe Large Cap Value I TILCX Vanguard Mid Cap Index I VMCIX TIAA-CREF Small-Cap Blend Index Instl TISBX CREF Stock Annuity R QCSTIX American s Europacific Growth R6 RERGX American s New World R6 RNWGX CREF Social Choice Annuity R QCSCIX Target Date TIAA-CREF Lifecycle 060 Instl TLXNX TIAA-CREF Lifecycle 055 Instl TTRIX TIAA-CREF Lifecycle 050 Instl TFTIX TIAA-CREF Lifecycle 045 Instl TTFIX TIAA-CREF Lifecycle 040 Instl TCOIX TIAA-CREF Lifecycle 05 Instl TCIIX TIAA-CREF Lifecycle 00 Instl TCRIX TIAA-CREF Lifecycle 05 Instl TCYIX TIAA-CREF Lifecycle 00 Instl TCWIX TIAA-CREF Lifecycle 05 Instl TCNIX TIAA-CREF Lifecycle 00 Instl TCTIX TIAA-CREF Lifecycle Retirement Inc Instl TLRIX TIAA-CREF Real Estate Sec Instl TIREX TIAA-CREF Bond Index Instl TBIIX CREF Inflation Linked Bond Annuity R QCILIX MMF/Stable Value TIAA-CREF Money Market Instl TCIXX TIAA Traditional N/A A hybrid was created to capture 5-year performance and risk metrics. Ratio Total Return (%) Total Return Percentile Rank 5 Year Summit Peer 4

6 FUND LINE-UP STATISTICS - VALIC Year Year 5 Year Vanguard Institutional Index I VINIX Vanguard Value Index I VIVIX T. Rowe Price Instl Large Cap Growth TRLGX Vanguard Mid Cap Index I VMCIX Vanguard Small Cap Index I VSCIX American s Europacific Growth R6 RERGX Vanguard Emg Mkts Stock Index Adm VEMAX Target Date Vanguard Target Retirement 060 Inv VTTSX Vanguard Target Retirement 055 Inv VFFVX Vanguard Target Retirement 050 Inv VFIFX Vanguard Target Retirement 045 Inv VTIVX Vanguard Target Retirement 040 Inv VFORX Vanguard Target Retirement 05 Inv VTTHX Vanguard Target Retirement 00 Inv VTHRX Vanguard Target Retirement 05 Inv VTTVX Vanguard Target Retirement 00 Inv VTWNX Vanguard Target Retirement 05 Inv VTXVX Vanguard Target Retirement 00 Inv VTENX Vanguard Target Retirement Income Inv VTINX Vanguard Health Care Adm VGHAX Vanguard Total Bond Market Index I VBTIX DFA Inflation-Protected Securities I DIPSX MMF/Stable Value VALIC Fixed Interest Option N/A A hybrid was created to capture 5-year performance and risk metrics. Ratio Total Return (%) Total Return Percentile Rank 5 Year Summit Peer 5

7 VENDOR FEE COMPARISON Vendor Fee Comparison As of June 0, 06 Asset Based Fee by Vendor 0.5% 0.% 0.0% 0.9% 0.9% 0.5% 0.6% 0.0% 0.05% 0.00% Vendor Asset Based Fee MassMutual MetLife TIAA-CREF VALIC Unweighted Average Expense Ratio by Vendor 0.90% 0.80% 0.70% 0.60% 0.50% 0.5% 0.54% 0.40% 0.6% 0.0% 0.0% 0.7% 0.0% 0.00% Average Expense Ratio MassMutual MetLife TIAA-CREF VALIC 6 Notes: Each vendor's asset based fee was changed when the ORP moved to a zero revenue share fee structure. MassMutual's 6 bps charge was previously 9 bps; Metlife's bps charge was 4; VALIC's 9 bps was bps and TIAA-CREF's new 9 bps charge was formerly 7 bps. All vendor unweighted average expense ratios do not include fixed interest funds which do not have an explicit expense ratios.