Investment Structure

Solutions for Every Type of Participant

A diverse selection of investment options is important to ensure every participant has suitable choices to help meet his or her retirement goals. The Program has options for a variety of investors. The Program’s  platform of investments is designed into three simple tiers, all of which are available no matter what type of participant you are.
 
delegators


validators


selfdirected
 

Program Investments

Mercer Trust Company has designed the platform of investments into three simple tiers, all of which are available to participants in the Program.

  1. Generally speaking, Retirement Date Funds target a certain date range for retirement, or the date the investor plans to start withdrawing money. Investors can select the Fund that corresponds to their anticipated retirement date or the point in time when they plan to start withdrawing money. These funds are designed to rebalance to a more conservative investment approach as the target date nears. An investment in a Retirement Date Fund is not guaranteed from investment loss at any time, including on or after the target date.
  2. Participants cannot make more than one transfer into the International All Cap Equity Fund, Global All Cap Equity Fund or International Index Equity Fund within any 45 calendar day period. There are, however, no restrictions on a Participant’s ability to make transfers out of these Funds on any Business Day.
  3. Participants cannot directly transfer amounts from the Stable Asset Return Fund to their Self-Directed Brokerage Account. There are, however, no restrictions on transfers from the Stable Asset Return Fund to other Funds available under the Collective Trust, but an amount transferred from the Stable Asset Return Fund to any other Fund cannot, in turn, be transferred from that Fund to a Self-Directed Brokerage Account until 90 days after the date of this transfer. To the extent that an amount transferred from the Stable Asset Return Fund to another Fund is again transferred to yet another Fund or Funds, that amount cannot be transferred to a Self-Directed Brokerage Account until 90 days after the date of the initial transfer from the Stable Asset Return Fund.
  4. Contributions to the Alternative Alpha Fund by or on behalf of a Participant may not exceed 15% of the total of the Participant’s investment elections. Transfers into the Alternative Alpha Fund from the Program’s other investment options by or on behalf of a Participant are limited to 15% of the aggregate Unit value of all of the Participant’s investments in the Funds as of the time of investment. These limitations are imposed by Mercer Trust Company as trustee of the Collective Trust in light of the Fund’s investment objectives, non-traditional strategies and non-traditional risks relating to these strategies.
  5. Brokerage services provided by TD Ameritrade, Inc., member FINRA/SIPC. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. Used with permission.
  6. Commissions, service and exception fees still apply.
  7. No Transaction Fee (NTF) mutual funds are no-load mutual funds for which TD Ameritrade does not charge a transaction fee. NTF funds have other fees and expenses that apply to a continued investment in the fund and are described in the fund’s prospectus. Almost all funds held 90 days or less will be subject to a short-term redemption fee of $49.99. This fee is in addition to any applicable transaction fees or fees described in the fund’s prospectus.
    TD Ameritrade received remuneration from fund companies, including those participating in its no-load, no-transaction-fee program, for record-keeping, shareholder services, and other administrative and distribution services. The amount of TD Ameritrade’s remuneration for these services is based in part on the amount of investments in such funds by TD Ameritrade client.
    No-transaction-fee funds and other funds offered through TD Ameritrade have other fees and expenses that apply to a continued investment in the fund and are described in the prospectus.
  8. To trade commission-free ETFs, you must be enrolled in the Program. If you trade eligible ETFs within the 30-day hold period, short-term trading fees will apply. ETFs are baskets of securities that trade on an exchange like a stock. Trading prices may not reflect the actual Net Asset Value of the underlying securities. ETFs can entail market, sector, or industry risks. Some ETFs may involve international risk, currency risk, commodity risk, and interest rate risk.

The risk factors that pertain to investment in the Funds are described in detail in the description of each Fund included in the Program’s Annual Disclosure Document (April 2018). These risk factors may include, but are not limited to, risks of investing in equity securities, risks of investing in equity securities of non-U.S. companies and smaller companies, interest rate risk applicable to investment in fixed-income securities, credit risk applicable to investment in fixed-income securities, including those of lower credit quality, risks of investing in REITs, risk of reliance on industry research, risks of investing in U.S. Government obligations, risks related to securities lending, risk of TBA commitments, risk of “when-issued” securities, risks related to market disruptions and governmental interventions, risks associated with structure of the collective trust, and risks associated with commodity investments and derivatives.

The Collective Trust and the Funds are not Regulated Investment Companies or subject to SEC Disclosure Requirements. The Collective Trust and the Funds are not registered as investment companies under the Investment Company Act of 1940 and, therefore, are not subject to compliance with the requirements of that Act.

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