Investments

Investment Profiles and Prospectuses

Some investment options available through Ohio DC do not have a prospectus available.


Review the Investment Performance Report (IPR), to learn about expense ratios and to compare Ohio DC to other providers.

Supporting Documents for Reference and Knowledge :

Supporting Documents for Reference and Knowledge :

Fund Name (Manager or Ticker Symbol)



NRW-4388OH-OH.3

Investment Option Performance

Print

The results shown represent past performance and should not be considered a representation of future performance or experience. Past performance cannot guarantee future results. Current investment results may be lower or higher than quoted in this report. The principal value and investment return of an investment will fluctuate, so that an investor's units/shares, when redeemed, may be worth more or less than their original cost. Although data is gathered from investment providers, Ohio DC cannot guarantee completeness and accuracy. Please see other important disclosures at the end of this report. Consider the investment objectives, risks, charges, and expenses carefully before investing by consulting the prospectuses or profiles, which contain this and other information. Prospectuses or profiles are available on this website or by calling 877-644-6457. Please read the prospectuses or profiles carefully before investing.


Review the Investment Performance Report (IPR), to learn about expense ratios and to compare Ohio DC to other providers.

Investment Performance as of October 31, 2024

Average Annual Returns

  • Investment
    Option

    Investment Option
  • Current Price
    As Of
    11/21/2024

    Price
  • YTD

  • 1 Yr.

  • 3 Yr.

  • 5 Yr.

  • 10 Yr.

  • Since
    Adoption

  • Adoption
    Date

  • Expense
    Ratio

  • LifePath Portfolios
    • LifePath Retirement

      $14.26700000

      7.01%

      18.45%

      0.67%

      4.49%

      4.69%

      08/15/2017

      0.06%

    • LifePath 2030

      $16.15200000

      8.94%

      22.33%

      1.79%

      6.47%

      6.36%

      08/15/2017

      0.06%

    • LifePath 2035

      $17.31970000

      10.53%

      25.06%

      2.66%

      7.70%

      7.19%

      08/15/2017

      0.06%

    • LifePath 2040

      $18.45440000

      12.07%

      27.75%

      3.51%

      8.84%

      7.94%

      08/15/2017

      0.06%

    • LifePath 2045

      $19.47250000

      13.52%

      30.24%

      4.30%

      9.86%

      8.55%

      08/15/2017

      0.06%

    • LifePath 2050

      $20.09070000

      14.55%

      31.76%

      4.82%

      10.46%

      8.89%

      08/15/2017

      0.06%

    • LifePath 2055

      $20.28380000

      15.05%

      32.30%

      5.04%

      10.65%

      8.98%

      08/15/2017

      0.06%

    • LifePath 2060

      $20.27530000

      15.06%

      32.33%

      5.04%

      10.65%

      N/A

      9.02%

      08/15/2017

      0.06%

    • LifePath 2065

      $16.65520000

      15.08%

      32.38%

      5.05%

      10.65%

      N/A

      10.85%

      11/15/2019

      0.06%

  • Non-US Stock
    • Non-US Company Stock

      $13.64113400

      10.98%

      26.36%

      1.24%

      N/A

      N/A

      8.11%

      09/11/2020

      0.54%

    • Non-US Company Stock Index

      $12.15181800

      7.92%

      23.36%

      1.35%

      5.98%

      5.11%

      12/09/2022

      0.05%

  • Small Company/Mid Company Stock
    • US Small Growth Company Stock

      $22.89252300

      7.41%

      31.74%

      -0.93%

      11.11%

      N/A

      10.85%

      06/02/2017

      0.65%

    • US Small Value Company Stock

      $18.29574700

      4.66%

      24.02%

      3.49%

      8.04%

      N/A

      7.44%

      06/02/2017

      0.51%

    • US Small/Mid Company Stock Index

      $15.08332900

      12.99%

      38.30%

      0.35%

      11.00%

      9.61%

      12/09/2022

      0.02%

    • Vanguard Capital Opportunity

      $207.08000000

      12.68%

      28.81%

      5.18%

      13.44%

      12.50%

      11/12/2001

      0.36%

  • Large Company Stock
    • Fidelity Growth Company CP

      $69.89000000

      28.78%

      52.22%

      7.55%

      23.79%

      19.08%

      12/08/2023

      0.32%

    • Fidelity Contrafund CP

      $45.92000000

      30.59%

      46.93%

      9.89%

      18.24%

      15.26%

      12/08/2023

      0.30%

    • US Large Growth Company Stock

      $317.00032600

      25.03%

      42.93%

      6.45%

      17.38%

      15.95%

      08/01/2014

      0.30%

    • US Large Value Company Stock

      $14.00916200

      16.08%

      32.10%

      8.60%

      13.93%

      11.25%

      12/09/2022

      0.41%

    • US Large Company Stock Index

      $15.57006800

      20.94%

      37.98%

      9.07%

      15.25%

      12.99%

      12/09/2022

      0.01%

  • Bonds
    • US Bond

      $11.34000000

      1.61%

      11.56%

      -2.64%

      -0.07%

      N/A

      1.33%

      01/30/2015

      0.25%

    • US Bond Index

      $10.56578100

      1.97%

      10.57%

      -2.19%

      -0.21%

      1.51%

      12/09/2022

      0.02%

  • Stable Value
    • Stable Value Option

      $3.56374386

      2.52%

      3.01%

      2.42%

      2.31%

      2.31%

      01/01/1994

      0.26%

3.20
Current Quarter Yield

Current Quarter Yield is the annual effective interest yield declared

3.10
Previous Quarter Yield

Previous Yield is the annual effective interest yield for the previous calendar quarter end

  • Important Disclosures
    Important Disclosures
    • Investment performance has been reduced for expense ratios. These expense ratios may vary from period to period. Expense ratios do not include administrative fees. See "Administrative Fees" below for more information.

    • Vanguard Capital Opportunity is a publicly traded mutual fund and has a ticker symbol and prospectus. All other investments are not publicly traded mutual funds and do not have ticker symbols or prospectuses. Additional information regarding the manager(s) and investment strategy can be found in the investment profiles on this website. The value of securities held by the Stable Value Option will fluctuate. The Stable Value Option focuses on principal preservation and a stable rate of return.

    • Returns shown are of the respective LifePath Index N series. Returns for periods prior to the inception of the N series are those of the respective LifePath Index F series.

    • If the inception date of the fund falls within the specified time period, returns shown will be the average annual return since the inception date.

    • Returns shown for Non-US Company Stock Index, US Small/Mid Company Stock Index, US Large Company Stock Index, and US Bond Index prior to inception are those for State Street Global All Cap Equity Ex-U.S. Index Securities Lending Series Fund Class II, State Street Russell Small/Mid Cap Index Securities Lending Series Fund Class II, State Street S&P 500 Index Securities Lending Series Fund Class II, and State Street U.S. Bond Index Securities Lending Series Fund Class XIV, respectively.

    • Returns shown for the US Large Value Company Stock prior to inception are for the Dodge & Cox Stock Fund (DODGX).


  • INVESTMENT PERFORMANCE REPORT NOTES
  • LifePath Portfolios
    LifePath Portfolios

    Each LifePath Portfolio is based on a target year when you expect to begin using your money. Portfolios are designed to provide diversification and asset allocation across several types of investments and asset classes, primarily by investing in underlying investments. LifePath Portfolios are designed for people who plan to begin withdrawing their retirement savings during or near a specific year. Like other investment options, LifePath Portfolios are subject to market risk and loss. Loss of principal can occur at any time, including before, at, or after the target year. There is no guarantee that LifePath Portfolios will provide enough income for retirement.

  • Non-US Stock
    Non-US Stock

    Non-US or international investment options involve risks not associated with investing solely in the United States, such as currency fluctuation, differences in accounting standards and the limited availability of information. Over the long term, an investor should be willing to accept a high level of risk resulting from potentially higher market volatility.

  • Small Company Stock
    Small Company Stock

    Small company investment options contain stocks from companies with less than $2 billion in capitalization, including many start-up companies. Small companies can grow much faster than big companies, but small company stocks tend to be more volatile than the stocks of larger companies. Over the long term, an investor should be willing to accept a high level of risk resulting from potentially higher market volatility.

  • Mid Company Stock
    Mid Company Stock

    Mid-size company investment options contain stocks from companies with market values between $2 billion and $10 billion, and often include companies that are well established and growing. Over the long term, an investor should be willing to accept the moderate to high level of risk resulting from potentially higher market volatility.

  • Large Company Stock
    Large Company Stock

    Large company investment options contain stocks from companies with market values of more than $10 billion and include blue-chip and Fortune 500 companies. They are typically more mature, diversified companies with many products and services. Over the long term, an investor should be willing to accept a moderate to high level of risk resulting from potentially higher market volatility.

  • Bonds
    Bonds

    Bonds are loans or debt instruments issued by governments or corporations that need to raise money. Bond investment options have the same interest rate, inflation, and credit risks associated with the underlying bonds owned by the investment. Bonds are generally a more conservative form of investment than stocks, and usually provide a steadier flow of income. Typically, bonds have a lower long-term total return than stocks.

  • Stable Value
    Stable Value

    These options are invested in short to intermediate-term, high-quality fixed-income securities. Investors who seek safety of principal, as well as a competitive rate of return compared to money market funds, may invest in these options. The Stable Value Option returns are shown net of investment management, custody, and principal protection fees.

  • Investment Performance
    Investment Performance

    All reported returns assume reinvestment of capital gains and dividends and reflect the fund's expense ratio, but not the deduction of the administrative fees.

  • Administrative Fees
    Administrative Fees

    An annual administrative fee of 0.0014 or 0.14% is charged to each participant. Administrative fees will be charged each quarter and are based on the total of a participant's account balance(s). Administrative fees will be waived if the total of a participant's account balance(s) is below $5,000. Administrative fees will be capped at $55 per quarter, per participant.

NRW-1379OH.5

Understanding Investment Options

Retirement Plans like Ohio DC offer several types of investment options. Mutual funds are the most common type and are the most familiar to participants. Many large institutional investors like Ohio DC, which has over 240,000 participant accounts, can also offer professionally managed investment options called collective investment trusts (CITs) and separate accounts. These options are similar to mutual funds and are attractive because of their ability to lower costs to participants.

These types of investment options can be recognized by brand name (example: T. Rowe Price Large Cap Growth Fund) or as a “white label” option based on the investment strategy or objective (example: Ohio DC Large Cap Growth Fund). The purpose of a “white label” investment option is to focus on the investment strategy or objective rather than the brand name. These investments are still professionally managed just like their mutual fund counterparts. The use of white label funds has increased in recent years, but the approach is not new. For example, the Ohio DC Stable Value Option, which is the most popular option for our participants, has been a white label option since January, 1994.

If you are interested in learning more about the Ohio DC investment options, please review the following definitions and charts.

Definition


Mutual Fund – A mutual fund is an investment vehicle made up of a pool of money collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and similar assets. Mutual funds are professionally managed, and include costs related to compliance, distribution, and administration required for retail investments.

Collective Investment Trust (CIT) – CITs are similar to mutual funds in that they are professionally managed pools of securities, but they are managed exclusively for qualified retirement plans. CITs have different regulators and regulations, and the difference in regulations has a positive impact on the cost of CITs. CITs have lower distribution, advertising, and customer service costs than similar mutual funds, and the cost savings are passed on to participants.

Custom Portfolio – A custom portfolio is a privately managed investment account that may consist of a separate account holding individual securities or a portfolio with multiple investment managers attempting to achieve a customized objective. Like mutual funds, these custom portfolios use pooled money to buy stocks, bonds, money market instruments, and similar assets. They may also invest in multiple mutual funds, collective investment trusts, and separate accounts consistent with the investment policy guidelines of the custom portfolio. Custom portfolios and their underlying components also have different regulators and regulations, and the difference in regulations has a positive impact on the cost of custom portfolios. Custom portfolios are generally not available outside of a retirement plan, and the components of custom portfolios may have lower distribution, advertising, and customer service costs than similar mutual funds (if available), and the cost savings are passed on to participants. Custom portfolios may also be named by their investment strategy (US Large Growth Company Stock), instead of the investment manager’s brand name to highlight the investment strategy.

Types of Investment Options


TypeName
Mutual Fund Vanguard Capital Opportunity
Collective Investment Trust Fidelity Contrafund Commingled Pool
Fidelity Growth Company Commingled Pool
LifePath Retirement, 2030, 2035, 2040, 2045, 2050, 2055, 2060, and 2065 Portfolios
US Bond
Custom Portfolio Non-US Company Stock
Non-US Company Stock Index
US Small Growth Company Stock
US Small Value Company Stock
US Small/Mid Company Stock Index
US Large Growth Company Stock
US Large Value Company Stock
US Large Company Stock Index
US Bond Index
Stable Value Option

Investment Option Comparison


DescriptionDescriptionMutual FundsCollective Investment TrustsCustom Portfolio
Professionally Managedimgimgimg
Independent Managers
imgimgimg
Ticker Symbolimg  
Investment Profileimgimgimg
Benchmarkimgimgimg
Federal Oversightimg

Securities and Exchange Commission

img

Office of Comptroller of the Currency, Department of Labor, IRS

img

Various: May include Securities and Exchange Commission, Office of the Comptroller of the Currency, Department of Labor, IRS

Investment Consultant Oversightimgimgimg
Available to Individual Investorsimg  
Available to Retirement Plansimgimgimg

Dividends and Capital Gains Distributions


Regardless of the investment type, investors still receive the benefit of dividends and capital gains distributions. However, these distributions are handled differently in Custom Portfolios and Collective Investment Trusts compared to a mutual fund. In a mutual fund, a dividend is released to a shareholder. In the case of a Custom Portfolio or Collective Investment Trust, the money is immediately used to re-purchase shares of the investments, and the investment manager executes this transaction inside the portfolio itself. Investors are still receiving these dividends and capital gains distributions indirectly. The distributions are reflected in the overall valuation and investment performance of the investment option, rather than a transaction received by the investor, only to be immediately reinvested. The fundamental difference in the accounting of dividends and capital gain distributions at the portfolio level, rather than the shareholder level, is why you no longer see these transactions in your statement. Executing the transaction inside the portfolio is also more efficient and less complicated transaction which further enhances the shareholders’ return in the form of lower portfolio cost.

It is important to note that investors in a retirement plan should not make decisions about investment selection solely based on dividends. When a company pays a dividend to its shareholders, there is a corresponding share price drop by the amount of the dividend. The bigger the payout, the bigger the share price drop. Therefore, the receipt of dividends does not equate to an overall gain for the shareholder.

Consider the investment objectives, risks, charges, and expenses carefully before investing by consulting your prospectuses or fund profile, which contain this and other information. Prospectuses and fund profiles are available by calling 877-644-6457 or visiting Ohio457.org. Read the prospectus or fund profile carefully before investing.

LifePath Portfolios—Each LifePath Portfolio is based on a target year when you expect to begin using your money. Portfolios are designed to provide diversification and asset allocation across several types of investments and asset classes, primarily by investing in underlying investments. LifePath Portfolios are designed for people who plan to begin withdrawing their retirement savings during or near a specific year. Like other investment options, LifePath Portfolios are subject to market risk and loss. Loss of principal can occur at any time, including before, at, or after the target year. There is no guarantee that LifePath Portfolios will provide enough income for retirement.

Non-US Stock—Non-US or international investment options involve risks not associated with investing solely in the United States, such as currency fluctuation, differences in accounting standards, and the limited availability of information. Over the long term, an investor should be willing to accept a high level of risk resulting from potentially higher market volatility.

Small Company Stock—Small company investment options contain stocks from companies with less than $2 billion in capitalization, including many start-up companies. Small companies can grow much faster than big companies, but small company stocks tend to be more volatile than the stocks of larger companies. Over the long term, an investor should be willing to accept a high level of risk resulting from potentially higher market volatility.

Mid Company Stock—Mid company investment options contain stocks from companies with market values between $2 billion and $10 billion, and often include companies that are well established and growing. Over the long term, an investor should be willing to accept a moderate to high level of risk resulting from potentially higher market volatility.

Large Company Stock—Large company investment options contain stocks from companies with market values of more than $10 billion and they include blue-chip and Fortune 500 companies. They are typically more mature, diversified companies with many products and services. Over the long term, an investor should be willing to accept a moderate to high level of risk resulting from potentially higher market volatility.

Bond—Bonds are loans or debt instruments issued by governments or corporations that need to raise money. Bond investment options have the same interest rate, inflation, and credit risks associated with the underlying bonds owned by the investment. Bonds are generally a more conservative form of investment than stocks, and usually provide a steadier flow of income. Typically, bonds have a lower long-term total return than stocks.

Stable Value—These options own short to intermediate-term, high-quality fixed-income securities. Investors who seek safety of principal, as well as a competitive rate of return compared to money market funds, may invest in these options. The Stable Value Option returns are shown net of fees for investment management, custody, and principal protection.

NRW-4387OH-OH.6

Ohio Deferred Compensation Benchmark Data through September 30, 2024


Ohio Deferred Compensation provides benchmark data below. Benchmarks represent a measurement that is used by a fund manager to assess the relative risk and performance of a portfolio. These numbers can help you compare the success of the fund to other similar investments with similar risks and objectives. Fees associated with management costs of the funds are reflected in the performance figures presented.

Return Summary 9/30/2024
 Fund name %
Current Quarter
%
1 Year 
%
3 Year
%
5 Year
%
10 Year
%
Since Inception
Inception DateGross Expense Ratio
LifePath Retirement(3) 5.81 18.66 2.15 5.23 5.04 5.23 8/15/17 0.06
BlackRock LP Id Ret Lending Index 5.84 18.69 2.18 5.21 4.97 5.21 *
LifePath 2030(3) 6.31 22.20 3.68 7.39 6.80 7.04 8/15/17 0.06
BlackRock LP Id2030 Lending Index 6.34 22.23 3.69 7.36 6.67 6.99 *
LifePath 2035(3) 6.62 24.73 4.77 8.70 7.66 8.05 8/15/17 0.06
BlackRock LP Id2035 Lending Index 6.66 24.74 4.76 8.66 7.50 7.98 *
LifePath 2040(3) 6.90 27.19 5.81 9.91 8.43 8.96 8/15/17 0.06
BlackRock LP Id2040 Lending Index 6.94 27.16 5.78 9.85 8.25 8.88 *
LifePath 2045(3) 7.16 29.47 6.77 10.97 9.05 9.74 8/15/17 0.06
BlackRock LP Id2045 Lending Index 7.21 29.41 6.72 10.90 8.85 9.65 *
LifePath 2050(3) 7.24 30.86 7.37 11.59 9.39 10.18 8/15/17 0.06
BlackRock LP Id2050 Lending Index 7.30 30.79 7.32 11.51 9.18 10.08 *
LifePath 2055(3) 7.27 31.37 7.60 11.77 9.49 10.31 8/15/17 0.06
BlackRock LP Id2055 Lending Index 7.33 31.30 7.55 11.70 9.28 10.21 *
LifePath 2060(3) 7.27 31.39 7.60 11.77 N/A 10.30 8/15/17 0.06
BlackRock LP Id2060 Lending Index 7.33 31.34 7.55 11.70 N/A 10.21 *
LifePath 2065(3) 7.28 31.44 7.61 11.29 N/A 11.29 11/1/19 0.06
BlackRock LP Id2065 Lending Index 7.34 31.36 7.55 11.70 N/A 11.70 *
Non-US Company Stock (Vanguard, Schroders, Arrowstreet)(2) 6.21 25.21 3.16 N/A N/A N/A 9/11/20 0.54
MSCI ACW Ex US Index (USD) (Net) 8.06 25.35 4.14 7.59 5.22 7.92
Non-US Company Stock Index (State Street)(2)(5) 8.07 25.10 4.14 7.89 5.56 5.74 12/9/22 0.05
MSCI ACW Ex US IM Index (USD) (Net) 8.18 25.06 3.74 7.66 5.33 5.52
US Small Growth Company Stock (Westfield, Fiera)(2) 6.73 24.09 1.45 12.13 N/A 11.34 7/1/17 0.66
Russell 2000 Grth Index 8.41 27.66 -0.35 8.82 8.95 8.22
US Small Value Company Stock (Westwood)(2) 8.91 23.78 6.12 8.94 N/A 8.01 7/1/17 0.50
Russell 2000 Val Index 10.15 25.88 3.77 9.29 8.22 7.10
US Small/Mid Company Stock Index (State Street)(2)(5) 8.24 29.03 2.04 11.29 10.00 8.78 12/9/22 0.02
Russell Sm Cap Compl Index 8.25 28.81 1.91 11.24 9.92 8.62
Vanguard Capital Opportunity (VHCAX)(6) 1.92 25.09 7.65 14.81 12.99 11.31 11/12/01 0.36
Russell Mid Cap Grth Index 6.54 29.33 2.32 11.48 11.30 9.78
Fidelity Growth Company Commingled Pool(2) 1.30 46.26 10.16 24.51 19.43 14.60 12/13/13 0.32
Russell 1000 Grth Index 3.19 42.19 12.02 19.74 16.52 11.85
Fidelity Contrafund Commingled Pool(2) 4.48 45.92 12.52 18.94 15.42 13.03 1/17/14 0.30
Russell 1000 Grth Index 3.19 42.19 12.02 19.74 16.52 N/A
US Large Growth Company Stock (T. Rowe Price)(2) 2.71 43.09 8.39 17.91 16.41 16.34 8/1/14 0.30
Russell 1000 Grth Index 3.19 42.19 12.02 19.74 16.52 16.58
US Large Value Company Stock (Dodge & Cox)(2)(7) 7.19 27.83 10.37 14.57 11.29 11.24 2/1/65 0.41
Russell 1000 Val Index 9.43 27.76 9.03 10.69 9.23 N/A
US Large Company Stock Index (State Street)(2)(5) 5.85 36.26 11.88 15.94 13.36 N/A 12/9/22 0.01
S&P 500 Index (Cap Wtd) 5.89 36.35 11.91 15.98 13.38 10.00
US Bond (TCW)(2) 5.86 12.78 -1.62 0.62 1.96 1.67 1/30/15 0.25
Bloomberg US Agg Bond Index 5.20 11.57 -1.39 0.33 1.84 1.50
US Bond Index (State Street)(2)(5) 5.19 11.58 -1.38 0.36 1.86 2.24 12/9/22 0.02
Bloomberg US Agg Bond Index 5.20 11.57 -1.39 0.33 1.84 2.23
Stable Value Option (Multiple Managers)(2) 0.77 2.99 2.37 2.30 2.30 4.19 1/1/94 0.25
Stable Value Custom Benchmark 0.86 2.99 1.86 1.95 2.22 3.74

Investing involves risk, including possible loss of principal. The results shown represent past performance and should not be considered a representation of future performance or experience. Past performance cannot guarantee future results. Current investment results may be lower or higher than quoted in this report. The principal value and investment return of an investment will fluctuate so that an investor's units/shares, when redeemed, may be worth more or less than their original cost.

International investing involves risks not associated with investing solely in the U.S., such as currency fluctuation, political risk, differences in accounting, and the limited availability of information.

Investing in small company funds involves investing in small or emerging companies that may have less liquidity than those investing in larger, established companies and may be subject to greater price volatility and risk than the overall stock market.

Bond Funds have the same interest rate, inflation and credit risks that are associated with the underlying bonds owned by the fund.

Only investments with ticker symbols are publicly traded funds and have prospectuses. See investment profiles for all other investment options.

LifePath Portfolios are managed by BlackRock, Inc. LifePath Portfolios are designed to provide diversification and asset allocation across several types of investments and asset classes. The use of an asset allocation model does not guarantee returns or insulate you from potential losses, including at the target date.

Before investing, carefully consider the fund's investment objectives, risks, and charges and expenses. Fund profiles and prospectuses can be obtained for each investment by calling 877-644-6457 or by visiting Ohio457.org.

Investors cannot invest directly in an index.

Since Inception Return starts with the performance of the first full month following the fund inception date.

Custom portfolio returns are calculated by BNY Mellon using Modified Dietz Time Weighted Rate of Return Methodologies and may not tie to holding period returns reported elsewhere.

*Where indicated by the asterisk, benchmark data is calculated based on the "since inception" dates for the comparable fund in the above illustration.

(1) Investment performance has been reduced for expense ratios. These expense ratios may vary from period to period. Expense ratios do not include administrative fees, service fees, or rebates of fee reimbursements. See "Fees and Rebates" for more information.

(2) These options are not publicly traded mutual funds and do not have a ticker symbol or prospectus. Additional information regarding the manager(s) and investment strategy can be found in the fund profile at Ohio457.org. The value of the securities held by the Stable Value Option (SVO) will fluctuate. The SVO focuses on principal preservation and a stable rate of return.

(3) Returns shown are of the respective LifePath Index N series. Returns for periods prior to the inception of the N series are those of the respective LifePath Index F series.

(4) Average annual return since inception date.

(5) Returns for Non-US Company Stock Index, US Small/Mid Company Stock Index, US Large Company Stock Index, and US Bond Index prior to inception are those for State Street Global All Cap Equity Ex-U.S. Index Securities Lending Series Fund Class II, State Street Russell Small/Mid Cap Index Securities Lending Series Fund Class II, State Street S&P 500 Index Securities Lending Series Fund Class II, and State Street U.S. Bond Index Securities Lending Series Fund Class XIV, respectively.

(6) This option is a publicly traded mutual fund, and it has a ticker symbol and prospectus.

(7) Returns for the US Large Value Company Stock prior to inception are for the Dodge & Cox Stck; I (DODGX) through April 2022; and Dodge & Cox Stck;X (DOXGX) thereafter.

(8) In 12/2023, Fidelity Growth Company Commingled Pool and Fidelity Contrafund Commingled Pool transitioned from Class O shares to the newly incepted Class S shares. Performance prior to Class S inception is backfilled using Class O.

NRW-2466OH-OH.47

Hassle-Free Target Date Portfolios


We can make investing easy. For those overwhelmed by retirement investments, Ohio DC offers LifePath Portfolios.

Why consider a LifePath Portfolio?


  • It is a customized investment strategy to adapt to your life stage.
  • It is hassle-free. Diversify by choosing just one target date portfolio. Each of the LifePath Portfolios are pre-mixed portfolios with investments in multiple asset classes (LargeCompany Stocks, Bonds, etc.) in the U.S. and abroad.
  • The Portfolios are managed by professional fund managers.
  • The Portfolios are regularly rebalanced, so they become more conservative over time.
  • LifePath is the one investment where you can put all your eggs in one basket, because each LifePath Portfolio is highly diversified among more than 10,000 securities.

How to pick a Portfolio:


Choose the year of the LifePath Portfolio closest to your retirement date or when you expect to begin making withdrawals. You have more time to weather ups and downs in the market when you are younger and less time as you get older. LifePath Portfolios are regularly rebalanced to become more conservative as they approach the year identified in the name.

Learn more about LifePath Portfolios:

Like other investment options, LifePath Portfolios are subject to market risk and loss. Loss of principal can occur at any time, including before, at, or after the target date. There is no guarantee that target date portoflios will provide enough income for retirement.

NRW-4390OH-OH.3

Hands-On Investing


Ohio DC offers a variety of investment options for those looking to be more hands-on with their retirement planning.

How do I get started?


How much of a risk taker are you? How long do you have to invest before you need your money? These are questions you should consider before choosing your investments. You can determine what type of investor you are by answering questions in the Asset Allocation Calculator.

Risk Tolerance


Investing involves risk. It cannot be avoided. However, you can find your balance between market risk and return. This concept is known as your risk tolerance. 

Trying to get higher returns might lead to more ups and downs, or volatility, from the market. However, going with less risky options might lead to lower returns, which may not keep up with the rate at which prices are rising, or inflation. If your investment returns are not beating inflation, the value of your savings is shrinking. Therefore, it is important to find that right balance of investments that work for your style.

Time Horizon


Knowing your time horizon, the length of time until you will need most of your money, is one of the most important steps to managing investment risk. When you invest, you may lessen overall risk by matching your time horizon to an investment type(s) that might best meet your goals.

Asset Allocation


Have you ever been told not to put all your eggs in one basket? That is similar to the principle of asset allocation. With asset allocation, your investments are divided across different asset types, like stocks, bonds, and cash. This way, if one asset type falls in the market, the others may perform better or maintain value to protect you against losses.

Your asset allocation mix should be similar to your investment style, which may vary from aggressive to conservative.

Learn about your risk tolerance, time horizon, and asset allocation mix by answering four simple questions in the Asset Allocation Calculator.

Rebalance your portfolio yearly to make sure your asset allocation matches your investment style.

Rate of Return


Another factor to consider in investing is the rate of return. Rate of return is the amount of money an investment earns, stated as a percentage. A few percentage points can make a huge difference!

This chart shows the impact a 6, 8, and 10 percent rate of return can have on the size of an investment portfolio. After 25 years, an annual beginning of year investment of $1,000 grows to over $58,000 at 6 percent, and at 10 percent, it grows to over $108,000. That's a big difference!

Chart Rate of Return

This illustration is a hypothetical compounding calculation. It is not intended to serve as a projection or prediction of the investment results on any specific investment. Investment return is not guaranteed and will vary depending on your investments and market experience. Returns will vary, particularly for long-term investors. No taxes, fees, or expenses are reflected in this example, which would have lowered the results shown. Taxes will be due when withdrawn and will lower the totals shown.

Investing involves risk including possible loss of principal.

NRW-4389OH-OH.2

Ohio DC Exchange Policies


Short-term trading increases expenses and reduces the investment return of long-term investors. To prevent this, Ohio DC has adopted the following exchange policies:

  1. Any participant who requests four exchanges in any 45-day period will lose electronic trading privileges and will be restricted to one mail-in exchange every five calendar days for the following 12-month period.
  2. The Executive Director has the discretion to immediately suspend electronic trading privileges and restrict exchanges to one mail-in exchange every five days for up to a 12-month period, if excessive trading jeopardizes Ohio DC’s trading rights in a specific fund.
  3. SEC Rule 22c-2 generally requires mutual fund boards to consider whether to impose a fee based on the value of shares redeemed shortly after their purchase. Currently, no Ohio DC investment options require redemption fees. The rule also generally requires an investment option to enter into a written agreement with each of its "financial intermediaries" (such as Ohio DC) under which the financial intermediary agrees to:

    • Provide, at the investment option's request, identity and transaction information about shareholders who hold their shares through an account with the intermediary.
    • Execute instructions from the investment option to restrict or prohibit future purchases or exchanges.

View the Investment Prospectuses and Profiles to read more about each investment option’s requirements regarding short-term trading. Also review the separate document describing Fidelity’s Excessive Trading Policy.

NRW-4497OH-OH.2

Fees

We encourage you to ask about and understand all fees associated with all your investments.

Ohio DC offers a select group of investment options. We use an expert investment consulting firm that considers fees as part of a comprehensive evaluation process in selecting and monitoring investment options.

Ohio DC participants benefit from the large size of our plan, which allows us to offer the institutional share class of many investment options. This means that because of the size of our plan, you will have access to lower-cost investments than those available to individual investors.

If you understand the importance of fees for your retirement account value and you compare our fees to any other plan's, we are confident you will appreciate the value of our competitive fees.

A United States Department of Labor article says a difference of only 1 percent in fees can make a huge difference in your retirement income. While the article talks about fees in a 401(k) plan, the lessons apply equally well to Ohio DC and other 457(b) plans. The article presents the following example, which demonstrates how fees and expenses can affect your account.

“Assume an investor has 30 years until retirement and is starting to contribute $115 per pay on a bi-weekly schedule. If returns on investments in the account over the next 30 years average 6 percent, and fees and expenses reduce the average returns by 0.5 percent, the account balance will grow to $222,714 at retirement, even if there are no further contributions to the account. If fees and expenses are 1.5 percent, however, the account balance will grow to only $186,643. The 1 percent difference in fees and expenses would reduce the account balance at retirement by 16 percent.” That’s $36,071 that stays in the account!

Effect of Fees chart

This hypothetical example is not intended to predict or project investment results of any specific investment. This calculation illustrates the principle of time and compounding. It assumes neither taxes on contributions or earnings, nor any account withdrawals, which would reduce the results shown.

NRW-4493OH-OH.3

Fees are not new to retirement plans. All plans have them. Ohio DC has always disclosed its fees, but you may not be fully aware of what you are paying.

How are costs charged to participants in Ohio Deferred Compensation?

Ohio IPRInvesting in a retirement plan is not free. There are two basic costs: investment management costs and administrative costs. Investment management costs are a percentage of your invested assets, and they include portfolio operating costs such as research, fund accounting, custodian, and legal. They are disclosed on the quarterly Investment Performance Report included with your quarterly newsletter and on the website as an expense ratio. These costs are already factored into the investment returns shown on the Investment Performance Report.

Ohio DC collects a fee to cover our administrative costs. These costs include investing contributions, customer service, website operation and maintenance, statement generation, retirement counseling, education, and communications. Ohio DC charges an annual fee of 0.0014 or 0.14% to cover administrative costs. A portion of the 0.14% annual fee is deducted each quarter. Administrative fees are waived for individuals with less than $5,000 in their accounts to help get their savings started. Fees are also capped at $55 each quarter, per participant, regardless of the total balance across all accounts. This can be a substantial benefit to participants with high balance accounts.

To summarize, you pay the cost of investment management directly to the investment manager. That cost is deducted from the daily investment option share price. You are charged for the cost of administration separately. This cost will be shown on our quarterly statements.

Can I see these administrative fees on my quarterly statement?

Yes, your statement detail shows any investments sold to pay administrative fees.

How does Ohio DC work to reduce costs for participants?

The Ohio DC Board has negotiated with our investment managers to reduce investment management costs as much as possible through the use of institutional share classes, collective investment trusts, and custom portfolios.

What benefits do I get in return for the fees I pay?

  • Access to institutional share classes, collective investment trusts, and custom portfolios, where the lowest investment expenses have been negotiated with the investment manager.
  • Face-to-face help from local Account Executives at your worksite while you are employed.
  • One-on-one retirement counseling before and throughout your retirement years from our Retirement Planning Specialists.
  • Individual customer service from a fellow Ohioan. Telephone Account Executives are available Monday–Friday, 8 a.m.–4:30 p.m.
  • Newsletters, quarterly account statements, Investment Performance Reports, and a comprehensive annual statement.
  • Financial education, life planning, pre-retirement, and investment option webinars and seminars. Contact us for details.
  • Online enrollment, investment option exchanges, allocation changes, contribution changes, and interactive planning tools and calculators to help you make decisions.

Why are fees important?

Ohio DC provides education about the importance of fees and how they can affect your retirement account for many years. If you compare Ohio DC fees to what you would pay with other retirement plans, we are confident you will see our value. Since Ohio DC is not operating for a profit, we only collect enough fees to cover our administrative expenses and cash flow needs. Collected fees pay for current or future services that benefit you, the participant.

How do I find out what I am paying for investments and administrative costs outside Ohio DC?

All plans have investment management and administrative costs related to their services. Ohio DC is often able to negotiate low investment expenses because of the significant size of our combined participant assets.

You can start by asking your other retirement plans about their fees. If you do not get a clear answer from a sales representative, who may be earning a sales commission, do your own investigation and look at the investment expenses listed in the investment prospectus or profile. Other plans are required to disclose these expenses to you, but do not always make them easy to find.

Next, look for other asset-based investment fees or administrative fees charged as a flat dollar amount or a percentage of your account. See if there are transaction fees for specific services like exchanges, loans, investment changes, withdrawals, etc.

Lastly, ask about loads, sales charges, and surrender charges that may penalize you for taking money out of the account or charge you an upfront fee to invest. If other retirement savings plans tell you they have no fees, you should be concerned, since they incur investment and administrative costs just like Ohio DC. Ask them who pays the investment and administrative costs and how they are paid.

You should consider comparing both the investment expenses and administrative costs of Ohio DC with account statements from other providers to get a clear picture of all the fees you are paying. If you find Ohio DC’s fees to be advantageous, you may want to consider rolling or transferring your assets to Ohio DC from another provider.

What if I have more questions or need assistance?

Our Service Center staff will gladly explain our fees and why we believe they are a good value. Talk to an Account Executive at 877-644-6457 if you need help or have questions. Since Ohio DC representatives don’t get paid on commission, we have your best interests in mind.

NRW-4349OH-OH.5

Ohio DC has a simplified, fully disclosed fee structure.

The following is an overview of some of those fees and expenses, the different ways in which they may be charged, and what fees apply to your Ohio DC account:

FeeDescriptionOhio DC
Advisory Based FeesOngoing charges for asset management and investment advice. These may be charged to you as a percentage of your account balance or as a flat fee.None.
Account FeesThese fees are charged in connection with the maintenance of accounts. For example, an account maintenance fee may be charged on accounts whose value is less than a certain dollar amount.None.
Administrative Fees These fees are collected by the investment manager to cover administrative services such as customer service, recordkeeping, website, statements, etc. or charged as a separate fee. Many investment managers collect these fees and then reimburse retirement plan recordkeepers for providing these services.Ohio DC collects an administrative fee from participants in the amount of 0.14% of the total account balance across all accounts. This fee is waived for total balances under $5,000 and capped at $55 per quarter. Since Ohio DC is the recordkeeper, we are able to keep administrative expenses low. Our investment managers do not collect any administrative fees for their services, so Ohio DC receives no reimbursements.
Investment Fees Included in Expense RatiosThese fees are collected by the investment manager to cover their costs of portfolio management, custody, legal, accounting, etc. Every investment option will have some management fees associated with it.Ohio DC is generally able to negotiate lower expense ratios unavailable to smaller plans and individual investors. See our Investment Performance Report for all expense ratios and compare to other providers.
Surrender ChargesThese fees are charged when you withdraw from the plan's investment before the minimum holding period. These fees commonly decrease over time based on the date of each deposit.None.
Sales Commissions and LoadsThese are transaction costs for selling and buying shares within a participant's account.No commissions. Our Account Executives are salaried professionals.
12b-1 FeesThese fees are used to pay commissions to brokers and other salespersons, to pay for advertising costs and other costs of promoting the fund, and are ongoing fees paid from fund assets.None.
Service FeesThere may be service fees associated with optional features offered under an individual account plan. An example of this would be a fee charged for a loan.None.
Redemption FeesFees charged by certain mutual funds to investors who engage in excessive trading.None.
NRW-4494OH-OH.1

Dollar Impact of Fees

See how Ohio Deferred Compensation investment expenses compare to the average expenses of similar investments.

NRW-4495OH-OH.1

Asset Classes

When you enroll in Ohio DC, you will need to select the investment option(s) to which you would like to contribute. Investment options are grouped by asset classes, which identify investments that tend to have similar objectives and strategies. Investment options within asset classes generally react in a similar manner to market fluctuations as other investments in the same class.

Spreading your investment selections across several asset classes, a technique known as diversification can help increase your total return based on the level of risk you are willing to accept. However, as with any investment strategy, the use of diversification and asset allocation does not assure a profit or protect against loss in a declining market. Read more about investment strategies in the section below.

Types of Asset Classes

While most retirement plans offer a broad spectrum of asset classes, not all plans offer all asset classes. The below descriptions are provided to help you learn more about the differences among classes. You can visit the Investment Performance tab to learn more about their performance over time.

Target date portfolios. Target date portfolios are based on a year when you expect to begin using your money. They are designed to provide diversification and asset allocation across several types of investments and asset classes, primarily by investing in underlying investments. Target date portfolios are designed for people who plan to begin withdrawing their retirement savings during or near a specific year. Like other investment options, Target date portfolios are subject to market risk and loss. Loss of principal can occur at any time, including before, at, or after the target year. There is no guarantee that a target date portfolio will provide enough income for retirement.

Non-US Stock. Non-US or International investment options involve risks not associated with investing solely in the United States, such as currency fluctuation, differences in accounting standards, and the limited availability of information. Over the long term, an investor should be willing to accept a high level of risk resulting from potentially higher market volatility.

Small Company Stock. Small company investment options contain stocks from companies with less than $2 billion in capitalization, including many start-up companies. Small companies can grow much faster than big companies, but small company stocks tend to be more volatile than the stocks of larger companies. Over the long term, an investor should be willing to accept a high level of risk resulting from potentially higher market volatility.

Mid Company Stock. Mid-size company investment options contain stocks from companies with market values between $2 billion and $10 billion, and often include companies that are well established and growing. Over the long term, an investor should be willing to accept a moderate to high level of risk resulting from potentially higher market volatility.

Large Company Stock. Large company investment options contain stocks from companies with market values of more than $10 billion, and they include blue-chip and Fortune 500 companies. They are typically more mature, diversified companies with many products and services. Over the long term, an investor should be willing to accept a moderate to high level of risk resulting from potentially higher market volatility.

Bonds. Bonds are loans or debt instruments issued by governments or corporations that need to raise money. Bond investment options have the same interest rate, inflation, and credit risks associated with the underlying bonds owned by the investment. Bonds are generally a more conservative form of investment than stocks, and usually provide a steadier flow of income. Typically, bonds have a lower long-term total return than stocks.

Stable Value. Stable Value options own short to intermediate-term, high-quality securities. Investors who seek safety of principal, as well as a competitive rate of return compared to money market funds, may invest in these options.

Get the help you need

Questions? Talk with an Account Executive for more information about the specific asset classes and investment options available as part of the Ohio DC Program. Information provided by Account Executives is for educational purposes only and is not intended as investment advice.

NRW-3209OH-OH.1

Help Manage Risk with Asset Allocation

Have you ever been stuck in the snow? If you have the luxury of four-wheel drive, when one wheel slips, you have three more opportunities for traction. Asset allocation is like a car with four-wheel drive.

With asset allocation, you divide your investments across different asset types, like stocks, bonds, and cash equivalents. These investment types respond differently to changes in the market, so if one slips, others may rise or hold steady to counter potential losses.

Keep in mind that the use of asset allocation does not guarantee returns or insulate you from potential losses.

Finding the right mix

Your asset allocation strategy should be consistent with your investing style – from conservative to aggressive. The idea is to find an appropriate balance of risk vs. reward by mixing investments to suit your style and your time horizon (how long you expect your assets to remain invested).

  1. Each year you should review your asset allocation.
  2. Use our easy Asset Allocation Tool to help determine your personal investing style or contact an Account Executive.
  3. Consider rebalancing your assets if you find that your current asset allocation is different from the mix that meets your goals or investing style.

Get the help you need

Talk to one of our Account Executives to get help and start planning to prepare for retirement.

NRW-6952OH

Asset Rebalancing - How it May Help

After you enroll in Ohio DC and choose your mix of investment options, you might be tempted to put account management out of your mind for a year or more.

But what happens if your mix of investments gets out of balance? You could end up taking on more market risk than you had intended, or not investing as aggressively as you intended.

That’s why you may want to consider using asset rebalancing.

What is asset rebalancing?

Let’s say you start with and want to maintain an investment mix of 60% stock investments, 30% bond investments, and 10% short-term investments. Over time, market conditions may favor one type of investment over others, causing one asset class to grow faster than others. This can create a difference between your intended mix.

After a time, you may find that your mix looks more like 50% stock investments, 40% bond investments, and 10% short-term investments. An asset rebalancing strategy is a commitment to periodically buy and sell investments in your account to bring it back to your preferred mix of 60% stock investments, 30% bond investments, and 10% short-term investments. Making regular adjustments to counteract the effects of these performance differences – by selling some of your portfolio’s investments that have performed the best and investing more in areas that have fallen behind – can help keep your investment strategy on target.

Essentially, rebalancing will help you stick to your investing plan regardless of what the market does.1 As with any investing strategy, rebalancing and diversification cannot prevent you from losing money. However, these strategies may help reduce the effects of market volatility and potentially limit losses.

Get the help you need

Talk with us to learn more about how to rebalance your deferred compensation account.


1 Rebalance Your Portfolio to Stay on Track, Shauna Carther, May 18, 2009

NRW-3100AO-OH

Strategies to Help Reduce Risk

Investing involves risk – risk in a market that is full of unknowns. Predicting the direction the market will take can become quite overwhelming for the average investor, so it may make sense to work with one of our Account Executives to develop an investment strategy.

Investing for retirement is usually a long-term commitment, and time may soften market risk. There are strategies designed to help you reduce risk as you invest for retirement. Each strategy has its pros and cons, and no strategy is guaranteed, so talking with an Account Executive about which one may be right for you could be a smart move.

It is easy to lose confidence in your investment strategy when you see your account value fluctuating, but historically, the stock market bounces back. So, choose an investment strategy, be patient, and let time work to your advantage.

Some strategies to consider

Asset allocation is the process of diversifying your retirement plan portfolio across different asset categories. You will determine your time horizon and risk tolerance and then build a portfolio to meet your needs. Keep in mind that asset allocation and diversification do not assure investment profit and cannot prevent loss, especially in a down market.

Asset rebalancing is an investment strategy that addresses the effects of varying returns among the assets in your retirement account. Over time, those variations can move your account away from your intended mix of assets and cause you to take on added market risk. Through asset rebalancing, you periodically buy and sell assets in your account to bring it back to the investment mix you decided could help you achieve your long-term goals.

Dollar-cost averaging is a natural benefit to retirement plan participation. Contributions each payday mean you are buying into the market regardless of its highs and lows. The result is that over time you will likely purchase an overall larger number of shares than if the shares had been purchased with one lump sum. This strategy helps reduce the effects of market volatility. Dollar-cost averaging does not assure a profit and does not guarantee against loss in a declining market.

Get the help you need

Talk with one of our Account Executives for more information about investment strategies. Keep in mind that information provided by Account Executives is for educational purposes only and is not intended as investment advice.


Risk Tolerance – Determine Your Comfort Level When Investing

Investing and risk go hand-in-hand. There is really nothing you can do about that. What you can do is understand your personal risk tolerance. Knowing your comfort with risk is especially important when investing for retirement.

How much risk should you take?

Changing market conditions may cause fluctuations in the value of your account. Also, the amount of risk you will face will depend on the type of investment option mix, or asset allocation strategy, you have selected. When deciding your asset allocation strategy, try to strike a balance between potential returns and potential risk.

Knowing how many years you have until retirement is important, because it indicates the number of years your money will remain invested. If time is on your side, you may want to be more aggressive with your investment strategy. As you get closer to retirement, you may want to adjust your investment mix to more conservative investments.

How to figure out your investment style

If you want to see what kind of an investing style you may have, take a few minutes to use our Asset Allocation Tool. You will answer a series of multiple-choice questions that may help you determine the level of risk tolerance you are comfortable with.

Get the help you need

Talk with an Account Executive for more information on risk tolerance. Information provided by Account Executives is for educational purposes only and not intended as investment or legal advice.

NRW-3047AO-OH