SBERA Investment Options
SBERA’s investment funds are professionally managed and monitored closely by our Investment Committee
and Board of Trustees. Each option offers varying degrees of reward and risk. Participants are urged
to review the descriptions carefully before making selections, but should be aware that consistently
timing market changes is extremely difficult even for professional investment managers. Of the options
currently available to participants, only the Money Market Fund guarantees principal. The other options are subject
to market risk and may increase or decrease in value depending upon performance of assets held in those portfolios.
(Use the right scroll bar to view all investments)
Money Market Fund
Seeks to provide safety of principal, a high level of liquidity and a competitive yield. The objective
of the account is to outperform the 90 Day Treasury Bills Index.
Diversified Bond Fund
Seeks to outperform the Barclay's Capital Aggregate Bond Index over a full market cycle.
The underlying managers utilize a combination of passive and active management to achieve
their income oriented return objectives. The strategy is designed as a fund-of-funds where
the underlying funds invest according to their objectives with respect to their role in the account.
Global Equity Fund
Seeks long term capital appreciation and income by investing in stock of domestic and foreign companies
to out-perform a custom benchmark over a full market cycle. The fund uses a combination of passive
and active underlying managers to achieve returns.
Large Cap Value Fund
Seeks to outperform the Russell 1000 Value Index over a full market cycle. This account uses a
disciplined, team-oriented approach which aims to generate consistent above-average
risk-adjusted performance.
S&P 500 Index Fund
Seeks to provide long-term growth of capital and income investment with results that
parallel the performance of the Standard & Poor’s 500 Composite Stock Price Index. To
minimize the potential of return variance from the index, the fund uses a “full replication”
approach holding all 500 underlying securities in proportion to their index weighting.
International Equity Fund
Seeks to outperform the MSCI EAFE Index over a full market cycle. This fund uses a combination
of passive and active underlying managers to achieve its returns.
MSCI ACWI ex-US Fund
Seeks to match the return and risk characteristic of the MSCI ACWI ex US Index over a full
market cycle. This fund invests primarily in non-U.S. large cap stocks. Investing in non-U.S.
companies introduces additional risk and volatility to the U.S. stocks due to foreign
currency, economic, political, or market instability.
Extended Equity Market Fund
Seeks to match the return and risk characteristics of the Dow Jones U.S. Completion Total Stock
Market Index. The fund uses a representative sampling of the index, holding a broadly diversified
collection of securities to approximate the full index in terms of key characteristics.
U.S. Debt Index Fund
Seeks to match the return and risk characteristics of the Bloomberg Barclays Capital Aggregate
Index, a measure of broad U.S. bond market. The fund will invest in high quality securities
including U.S. Treasury, federal agency, mortgage backed and corporate securities. Bond prices
may be affected by changes in interest rates and credit risks.
SBERA Income Fund
Seeks to provide a steady stream of interest higher than that of a money market fund over
the long term. The fund will invest in short to intermediate-term fixed income securities diversified
across various sectors. Although intended to offer some degree of protection, there is still
inherent risk associated with stable value investments.
Small Cap Value Fund
Seeks to outperform the Russell 2000 Index over a full market cycle. The fund uses disciplined,
team-oriented approach to generate consistent above-average risk-adjusted performance.
Historically small capitalization stocks have experienced more volatility and risk than large
capitalization stocks and should be considered a long-term investment.
Small Cap Growth Fund
Seeks to outperform the Russell 2000 Index over a full market cycle. The fund uses disciplined,
team-oriented approach to generate consistent above-average risk-adjusted performance with a
focus on investing in small capitalization growth stocks. Historically small capitalization stocks
have experienced more volatility and risk than large capitalization stocks and should be considered
a long-term investment.
LifePath Funds
The LifePath series are a group of funds referred to as Target Date Funds that seek to provide for
retirement outcomes that investors on average may be willing to accept for each particular time horizon.
Each fund uses a predetermined mix of specific asset classes, rebalanced frequently for the target
allocation. The number (i.e. 2050) is the approximate year a participant plans to begin withdrawing money.
As year of the fund nears the asset allocation becomes more conservative.
Large Cap Growth Fund
Seeks to match the return and risk characteristics of the Russell 1000 Growth Index. The fund
holds a broadly diversified collection of securities that approximate the full index terms of
key characteristics.
Multi Asset Fund
Seeks to produce returns which are 5% above the Consumer Price Index (CPI). The strategy is
designed as a "fund-of-funds" that allocates its assets among a full range of strategies.
The SBERA Fund
This fund seeks to produce the results that parallel the performance of the SBERA Defined
Benefit Plan to provide long-term growth of capital and income.