Page 146 - AugDefComp

News & Views | Q3 2020 Page 3 of 4

savings, and as many as 30% have withdrawn an average of $6,757 – primarily for groceries and living expenses.

To read the full Transamerica report, click here. For the Magnify Money report, click here.
NAGDCA Conference – status

The annual NAGDCA conference is scheduled for October 4-7, 2020, in Seattle, Washington. The association is monitoring guidelines
from CDC and local health officials, and expects to make a determination about whether to hold an in-person or virtual conference
in mid-July. Registration is open, and fully refundable up to September 4.

Collective Investment Trusts Growing in Governmental Plans

Collective Investment Trusts (CITs) have been the fastest growing investment vehicle within retirement savings plans over the past
seven years , with 62% of asset managers believing that their clients will shift from mutual funds to CITs . CITs are allowed for 457
1
2
plans, they are not yet allowed in 403(b) plans – however, as reported in our last newsletter, legislation has been introduced to make
them available for all plans.

While CITs have traditionally only been available to large and mega-sized plans, NFP’s national presence, with over 1,740 plans
and more than $220 billion in assets, as of January 1, 2020, allows our clients exclusive access to a suite of active, passive and asset
allocation CITs.

Savings
Share Expense Compared to
Active Benchmark Index Score 3 Class 4 Ratio CUSIP Mutual Funds 5

Large Cap Growth Fund Russell 1000 Growth Index 8 I1 0.29% 97182V248 55%
(ClearBridge LCG)

Large Cap Value Fund Russell 1000 Value Index 10 I1 0.29% 97183K381 47%
(Putnam Equity Income)
Mid Cap Growth Fund Russell Mid-Cap Growth Index 9 I1 0.45% 97182E527 40%
(BlackRock MCG Equity)

Small Cap Growth Fund Russell 2000 Growth Index 10 I1 0.59% 97181N361 58%
(Victory RS SCG)

Small Cap Growth II Fund Russell 2000 Growth Index 10 I1 0.59% 97182E220 29%
(AB Small Cap Growth)

Small Cap Value Fund Russell 2000 Value Index 10 I1 0.40% 97181N296 52%
(BMO Disciplined SCV)

Small Cap Value II Fund Russell 200 Value Index 10 I1 0.54% 97182E444 40%
(American Century SCV)

International Stock Fund MSCI ACWI ex U.S. 10 I1 0.32% 97182U109 37%
(PIMCO RAE International)

Core Bond Fund Bloomberg Barclays U.S. 6 I1 0.21% 97183J566 43%
(Lord Abbett Total Return) Aggregate Bond Index
Core Plus Bond Fund Bloomberg Barclays U.S. 8 I1 0.34% 97182D594 13%
(Prudential Total Return) Aggregate Bond Index
ESG NFP Custom Benchmark TBD I1 0.33% TBD 51%
(Pioneer Balanced ESG)