Information on the quarterly credited rate for the fixed Contract Fund*
*This investment option is a separately managed account of high quality bonds, including U.S. Government securities, corporate bonds, mortgage-backed and asset-backed securities, and cash equivalents, owned by the Kentucky Public Employees’ Deferred Compensation Authority. The account offers an interest rate based on a blend of the rates earned by all contracts in the fund, adjusted for differences between actual and expected earnings. Its blended rate should change in the direction of new investment rates, and over time is expected to be comparable to returns of intermediate-term, high quality bonds. Adjustments may reduce a contract’s yield to zero, but no lower than zero. The fund seeks a consistence level of current income while preserving investment principal.