South Carolina Optional Retirement Program (State ORP) PARTICIPANT SUMMARY 4 th Quarter 2017 Copyright 2018 by The Segal Group, Inc. All rights reserved.
South Carolina ORP Line-Up Comparison December 31, 2017 Asset Class Mass Mutual MetLife TIAA VALIC Large Core Vanguard Institutional Index (VINIX) Vanguard Institutional Index (VINIX) TIAA-CREF Equity Index I (TIEIX) Vanguard Institutional Index (VINIX) Large Value MFS Value R5 (MEIKX JP Morgan Equity Income R6 (OIEJX) T. Rowe Price Inst Large Cap Value (TILCX) Vanguard Value Index (VIVIX) Large Growth MassMutual Select Blue Chip Growth I (MBCZX) ClearBridge Large Cap Growth I (SBLYX) - T. Rowe Price Instl Large Cap Growth (TRLGX) Mid/SMID Small Core Vanguard Small Cap Index Inst (VSCIX) Delaware Small Cap Core (DCCIX) TIAA-CREF Small Cap Index I (TISBX) Vanguard Small Cap Index Inst (VSCIX) Small Value Small Growth American Beacon Small Cp Val Inst (AVFIX) INVESCO Small Cap Discovery R6 (VFSCX) Victory Integrity Small-Cap Value R6 (MVSSX) - - T. Rowe Price QM US Small-Cap Growth (PRDSX) - - Large Core - - CREF Stock Annuity - Large Value - Causeway International Value I (CIVIX) - - Large Growth Oppenheimer International Growth I (OIGIX) - American s EuroPac Growth R6 (RERGX) American s EuroPac Growth R6 (RERGX) Emerging Thornburg Developing World R6 (TDWRX) Harding Loevner Instl EM I (HLMEX) American s New World R6 (RNWGX) Vanguard Emerging Market Stock Index Adm (VEMAX) Core JP Morgan Core Bond R6 (JCBUX) - TIAA-CREF Bond Index I (TBIIX) Core Plus - MetWest Total Return Bond (MWTSX) - - Vanguard Total Bond Market Index I (VBTIX) Inflation Hedge TIPS/Real Assets Vanguard Inflation Protected Secs Adm (VAIPX PIMCO Real Return Inst (PRRIX) CREF Inflation Linked Bond Annuity DFA Inflation Protected Securities I (DIPSX) /Balanced Multi-Asset Class T. Rowe Price Retirement / American s American Balanced R6 (RLBGX) American s Retire R6 / Columbia Balanced Y (CBDYX) TIAA-CREF Lifecycle Instl Vanguard Target Retirement Inv Cash & Equivalents Money Market/Stable Value General Fixed Interest Account Vanguard Federal Money Market (VMFXX) / MetLife Gold Track Select TIAA CREF Money Market Instl (TCIXX) TIAA Traditional Annuity VALIC Fixed Interest Other Industry Sector/Socially Responsible Ivy Science and Technology R6 (ISTNX) Principal Real Estate Securities I (PIREX) CREF Real Estate Securities (TIREX) / CREF Social Choice Annuity Vanguard Health Care Adm (VGHAX) 1
South Carolina State ORP (MassMutual) Line-Up Statistics December 31, 2017 5- Vanguard Institutional Index I VINIX 0.04 9.54 21.79 11.38 15.76 MFS Value R6 MEIKX 0.51 9.79 17.86 10.27 15.07 MassMutual Select Blue Chip Growth I MBCZX 0.66 12.00 35.08 15.35 18.85 Vanguard Mid Cap Index I VMCIX 0.05 10.20 19.29 9.40 15.02 Vanguard Small Cap Index I VSCIX 0.05 11.97 16.25 9.85 14.45 American Beacon Small Cap Value Instl AVFIX 0.84 13.62 8.68 9.36 13.92 Invesco Small Cap Discovery R6 VFSCX 0.87 13.32 24.82 8.97 13.09 Oppenheimer International Growth I OIGIX 0.70 11.50 27.15 8.94 8.66 Thornburg Developing World R6 TDWRX 0.99 12.53 35.97 6.10 6.21 Balanced American s American Balanced R6 RLBGX 0.29 6.43 15.84 8.78 11.41 T. Rowe Price Retirement I 2060 I TRPLX 0.60 N/A 22.53 N/A N/A T. Rowe Price Retirement I 2055 I TRPNX 0.60 N/A 22.57 N/A N/A T. Rowe Price Retirement I 2050 I TRPMX 0.60 N/A 22.55 N/A N/A T. Rowe Price Retirement I 2045 I TRPKX 0.60 N/A 22.55 N/A N/A T. Rowe Price Retirement I 2040 I TRPDX 0.59 N/A 22.11 N/A N/A T. Rowe Price Retirement I 2035 I TRPJX 0.58 N/A 21.03 N/A N/A T. Rowe Price Retirement I 2030 I TRPCX 0.55 N/A 19.52 N/A N/A T. Rowe Price Retirement I 2025 I TRPHX 0.52 N/A 17.82 N/A N/A T. Rowe Price Retirement I 2020 I TRBRX 0.49 N/A 15.90 N/A N/A T. Rowe Price Retirement I 2015 I TRFGX 0.45 N/A 13.52 N/A N/A T. Rowe Price Retirement I 2010 I TRPAX 0.42 N/A 11.82 N/A N/A Ivy Science & Technology R6 ISTNX 0.85 14.11 33.35 9.83 16.15 JPMorgan Core Bond R6 JCBUX 0.35 2.69 3.87 2.46 2.21 Vanguard Inflation-Protected Securities Adm VAIPX 0.10 4.61 2.91 1.91 0.06 Stable Value General Fixed Interest N/A N/A N/A 2.96 N/A N/A 2
South Carolina State ORP (MetLife) Line-Up Statistics December 31, 2017 5- Vanguard Institutional Index I (P) VINIX 0.04 9.54 21.79 11.38 15.76 JPMorgan Equity Income R63 OIEJX 0.50 9.14 17.84 9.99 14.87 ClearBridge Large Cap Growth I SBLYX 0.75 10.03 25.43 13.75 18.21 Vanguard Mid Cap Index I (P) VMCIX 0.05 10.20 19.29 9.40 15.02 Delaware Small Cap Core I DCCIX 0.99 13.16 14.21 10.24 15.87 Victory Integrity Small-Cap Value R63 MVSSX 0.96 14.10 12.59 9.44 14.75 T. Rowe Price Diversified Small Cap Growth PRDSX 0.81 12.08 22.12 11.63 16.37 Causeway International Value Instl CIVIX 0.91 10.97 27.18 7.42 7.62 Harding Loevner Instl Emerging Markets I HLMEX 1.29 13.66 35.33 9.87 6.31 Balanced Columbia Balanced Y3 CBDYX 0.66 6.12 14.39 7.55 10.79 American s 2060 Trgt Date Retire R6 RFUTX 0.46 N/A 22.49 N/A N/A American s 2055 Trgt Date Retire R6 RFKTX 0.45 8.59 22.63 10.15 12.60 American s 2050 Trgt Date Retire R6 RFITX 0.43 8.59 22.61 10.16 12.62 American s 2045 Trgt Date Retire R6 RFHTX 0.43 8.53 22.44 10.09 12.57 American s 2040 Trgt Date Retire R6 RFGTX 0.43 8.43 21.98 9.89 12.45 American s 2035 Trgt Date Retire R6 RFFTX 0.42 8.22 21.04 9.56 12.13 American s 2030 Trgt Date Retire R6 RFETX 0.41 7.70 18.40 8.61 11.50 American s 2025 Trgt Date Retire R6 RFDTX 0.39 6.50 15.33 7.43 10.36 American s 2020 Trgt Date Retire R6 RRCTX 0.37 5.78 12.87 6.58 8.93 American s 2015 Trgt Date Retire R6 RFJTX 0.35 5.15 11.19 5.92 7.96 American s 2010 Trgt Date Retire R6 RFTTX 0.35 4.82 10.41 5.56 7.17 Principal Real Estate Securities Instl PIREX 0.88 13.52 9.03 6.38 10.64 Metropolitan West Total Return Bond Plan3 MWTSX 0.38 2.67 3.49 2.09 2.56 PIMCO Real Return Instl PRRIX 0.64 5.18 3.93 1.98-0.04 MMF/Stable Value Vanguard Federal Money Market Inv VMFXX 0.11 0.10 0.81 0.38 0.24 Gold Track Select N/A N/A 0.06 2.50 2.80 2.90 3
South Carolina State ORP (TIAA) Line-Up Statistics December 31, 2017 5- TIAA-CREF Equity Index Instl TIEIX 0.05 9.71 21.09 11.11 15.55 T. Rowe Large Cap Value I TILCX 0.57 10.02 16.83 9.49 14.75 Vanguard Mid Cap Index I VMCIX 0.05 10.20 19.29 9.40 15.02 TIAA-CREF Small-Cap Blend Index Instl TISBX 0.06 13.72 14.83 10.06 14.17 CREF Stock R3 QCSTIX 0.32 9.70 23.47 8.90 11.93 American s Europacific Growth R6 RERGX 0.50 10.72 31.17 9.64 9.18 American s New World R6 RNWGX 0.65 10.93 33.06 9.42 6.95 Balanced CREF Social Choice R3 QCSCIX 0.27 5.89 14.27 6.22 8.36 TIAA-CREF Lifecycle 2060 Instl TLXNX 0.45 N/A 24.40 10.43 N/A TIAA-CREF Lifecycle 2055 Instl TTRIX 0.45 9.41 24.23 10.31 12.02 TIAA-CREF Lifecycle 2050 Instl TFTIX 0.45 9.36 24.04 10.25 11.97 TIAA-CREF Lifecycle 2045 Instl TTFIX 0.45 9.35 23.62 10.09 11.88 TIAA-CREF Lifecycle 2040 Instl TCOIX 0.44 9.27 22.91 9.75 11.67 TIAA-CREF Lifecycle 2035 Instl TCIIX 0.43 8.59 21.11 9.15 11.05 TIAA-CREF Lifecycle 2030 Instl TCRIX 0.42 7.82 19.21 8.54 10.25 TIAA-CREF Lifecycle 2025 Instl TCYIX 0.41 7.04 17.40 7.89 9.36 TIAA-CREF Lifecycle 2020 Instl TCWIX 0.40 6.25 15.58 7.28 8.46 TIAA-CREF Lifecycle 2015 Instl TCNIX 0.39 5.58 13.85 6.63 7.56 TIAA-CREF Lifecycle 2010 Instl TCTIX 0.38 5.12 12.76 6.19 6.92 TIAA-CREF Lifecycle Retirement Inc Instl TLRIX 0.38 4.68 12.10 5.91 6.31 TIAA-CREF Real Estate Sec Instl TIREX 0.51 12.71 12.29 7.03 9.83 TIAA-CREF Bond Index Instl TBIIX 0.12 3.00 3.43 2.11 1.94 CREF Inflation Linked Bond R3 QCILIX 0.24 4.31 1.85 1.06-0.60 MMF/Stable Value TIAA-CREF Money Market Instl TCIXX 0.14 0.10 0.75 0.36 0.22 TIAA Traditional N/A N/A 0.06 4.25 4.11 3.96 4
South Carolina State ORP (VALIC) Line-Up Statistics December 31, 2017 5- Vanguard Institutional Index I VINIX 0.04 9.54 21.79 11.38 15.76 Vanguard Value Index I VIVIX 0.05 9.42 17.14 10.72 15.38 T. Rowe Price Instl Large Cap Growth TRLGX 0.56 12.50 37.82 15.99 19.63 Vanguard Mid Cap Index I VMCIX 0.05 10.20 19.29 9.40 15.02 Vanguard Small Cap Index I VSCIX 0.05 11.97 16.25 9.85 14.45 American s Europacific Growth R6 RERGX 0.50 10.72 31.17 9.66 9.21 Vanguard Emerging Markets VEMAX 0.14 14.84 31.38 7.51 3.49 Vanguard Target Retirement 2060 Inv VTTSX 0.16 8.71 21.39 9.11 11.60 Vanguard Target Retirement 2055 Inv VFFVX 0.16 8.70 21.38 9.11 11.60 Vanguard Target Retirement 2050 Inv VFIFX 0.16 8.70 21.39 9.16 11.63 Vanguard Target Retirement 2045 Inv VTIVX 0.16 8.71 21.42 9.17 11.64 Vanguard Target Retirement 2040 Inv VFORX 0.16 8.63 20.71 8.91 11.47 Vanguard Target Retirement 2035 Inv VTTHX 0.15 7.99 19.12 8.39 10.90 Vanguard Target Retirement 2030 Inv VTHRX 0.15 7.25 17.52 7.85 10.13 Vanguard Target Retirement 2025 Inv VTTVX 0.14 6.58 15.94 7.31 9.36 Vanguard Target Retirement 2020 Inv VTWNX 0.14 5.88 14.08 6.61 8.50 Vanguard Target Retirement 2015 Inv VTXVX 0.14 4.99 11.50 5.62 7.25 Vanguard Target Retirement Income Inv VTINX 0.13 3.48 8.47 4.46 4.95 Vanguard Health Care Adm VGHAX 0.32 11.80 19.66 7.09 17.74 Vanguard Total Bond Market Index I VBTIX 0.04 3.01 4.26 3.27 2.86 DFA Inflation-Protected Securities I DIPSX 0.12 5.11 3.28 2.21 0.03 MMF/Stable Value VALIC Fixed Interest Option N/A - 0.04 2.07 2.17 2.24 5
South Carolina ORP Vendor Fee Comparison December 31, 2017 Asset Based Fee 0.25% 0.20% 0.15% 0.16% 0.22% 0.19% 0.19% 0.10% 0.05% 0.00% MassMutual Metlife TIAA VALIC 0.60% 0.50% 0.40% 0.51% Unweighted Average Expense Ratio 0.54% 0.36% 0.30% 0.20% 0.17% 0.10% 0.00% MassMutual Metlife TIAA VALIC 6