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Money Market Account –
Provides income consistent with preservation of
principal. SBERA's Investment Policy Statement requires
the Money Market Account to be invested exclusively in U.
S. Treasury or other obligations guaranteed by the U. S.
Government or its agencies. All securities in this
account must have a maturity of six (6) months or less.
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Bond Account – Aims to
match the performance of the Lehman Brothers Aggregate
Bond Index, the most widely recognized benchmark for U.
S. debt. The Index measures the performance of the total
universe of U. S. government and other investment-grade
fixed income debt, such as corporate and international
dollar-denominated bonds, mortgage-backed and
asset-backed securities.
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Equity Account – Seeks
long-term growth of capital and income by investing in
common stocks of domestic and foreign companies. The
account is managed by seven investment advisors, each
with a different investment mandate.
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Large Cap Value Account- The
Large Cap Value Account investment philosophy combines
detailed fundamental research, bottom-up stock selection,
portfolio construction, and disciplined management of
portfolio volatility to achieve strong risk-adjusted
returns over full market cycles.
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Index 500 Account –
Aims to duplicate the investment results of the Standard
and Poor’s 500 Index by holding all 500 stocks in
relatively the same proportions as does the S & P 500
Index. This is often referred to as "complete
replication".
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International Equity Account
– The objective is to obtain long-term capital
growth through a diversified portfolio of marketable
equity securities of foreign companies. The performance
objective is to out-perform the EAFE Index over a market
cycle.
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Small Cap Value Account
– A domestic common stock portfolio comprised of
value-oriented stocks whose sector weights are relatively
similar to those of the Russell 200 Index.
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Small Cap Growth Account
– Investment objective is capital appreciation
through investment in the common stock of high-quality
emerging companies with superior earnings, growth
expectations and attractive stock market valuations.
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Employer Stock Account –
The Employer Stock Account offers participants access to
a fund that consists primarily of the common stock of
their employer-member bank. The fund maintains a
relatively small position in a money market account to
accommodate liquidity.
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LifePath Accounts
- The LifePath series are designed to be complete
investment solutions for individuals. Each LifePath
strategy is a broadly diversified portfolio, designed for
both a particular risk tolerance and when the money will
be needed. The LifePath series include LifePath 2040,
2030, 2020, 2010 and LifePath Retirement. The number, as
in LifePath 2020, represents the approximate year when
you plan to start withdrawing your money. As time goes
by, the investment managers gradually adjust the
portfolio's mix to compensate for the level of risk that
is appropriate for the number of years before account
drawdown. LifePath Retirement is for those already in
retirement and withdrawing funds.
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Large Cap Growth Account -
INTECH strategies attempt to provide consistent upside
potential combined with downside protection. They believe
that they can add value using natural stock price
volatility through a mathematically based risk controlled
process. INTECH's mathematical investment strategies have
produced excess returns net of fees since the inception
date.
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All Asset Account - The
objective of the All Asset Account is 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 group of PIMCO
funds. The All Asset Account rebalances among the
funds as real return values shift in the market.
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The SBERA Account - The
SBERA Account is designed to provide results that
parellel the performance of the SBERA Defined Benefit
Plan Assets. Given this objective, the Account is
expected to provide investors with long-term growth of
capital and income. The SBERA Account provides
investors with great diversification and significantly
less risk than a more concentrated portfolio.
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