Fund changes coming soon
Kentucky Deferred Comp (KDC) provides you a diversified set of investment options that are appropriate for long-term, retirement savings. The KDC Board of Trustees (Board), in conjunction with its Investment Advisor, Callan, conducts a regular review of all investment options. As a result of their most recent review, and in response to recommendations from Callan, the Board approved the following important change to the Plans’ investment options.
What to expect
On or around September 16, 2019, the following fund will close and move assets into the new share class as follows:
|From Fund:||To Fund:|
|Vanguard Total International Stock Index Fund – Admiral Shares||Vanguard Total International Stock Index Fund – Institutional Shares|
Understanding the details
Please note, the Kentucky Deferred Compensations’ position in this fund will become eligible for and simultaneously move to the Institutional share class of this fund, thereby, allowing participants invested in the fund to realize a reduction in operating expenses from 0.11% to 0.08%.
If you have assets in this fund directly and/or are making deferrals into the fund, the appropriate changes will automatically occur and can be viewed on your KDC online account or your 4th quarter statement.
Keep in mind
- No action is required on your part
- You still have full control over the investment options and can make changes to your investment selections at any time
Our hope is that these changes continue to help our participants build a personalized investment portfolio which is most appropriate to their individual retirement goals.
We're here to help
If you have any questions or need additional information, contact our service center at 800-542-2667. Our specialists are available Monday through Friday, 8:00 a.m. to 11:00 p.m. Eastern time.