Target Date Fund Reallocation – Effective April 14, 2023

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TARGET DATE PORTFOLIO REALLOCATION

Effective April 14, 2023

In a continual effort to assist you in meeting your retirement goals, CRA will be adjusting the allocations of the investment options within the custom target date portfolios.

As part of the ongoing process of evaluating and monitoring the target date portfolios, Colorado Retirement Association, with the recommendation of their investment consultant, Innovest Portfolio Solutions, will be making slight changes to the allocations of the investment options within each of the target date portfolios, effective April 14, 2023. 

The asset allocation for each target date portfolio is based on an average retirement age of 65 and average life expectancy of age 90. The portfolios are allocated for the average investor to utilize during their working years and into retirement. Every portfolio contains a mix of distinct types of mutual funds (i.e. stocks, and bonds, domestic and international, value and growth), which automatically become more conservative as the investors age. The allocations below are part of the automatic process to adjust risk as the stated targeted retirement date draws nearer.

What should you do?

  • No action is required.
  • On April 14, 2023, when the target date portfolios are reallocated, your current balance in your target date will be allocated to the new asset mix and future contributions will be directed into the new asset mix.
  • You may contact Empower Retirement at any time at 800-352-0313 or online at www.cra-online.org to check your account balance or redirect your current account balances and future contributions into any of the investment options available within the Plan.
FundTickerCRA
Income
CRA
2010
CRA
2015
CRA
2020
CRA
2025
CRA
2030
U.S. Large Cap
Fidelity 500 IndexFXAIX5.00%7.00%8.00%10.00%11.00%13.00%
Dodge & Cox Stock FundDOXGX2.50%3.00%4.00%4.50%5.00%6.00%
Harbor Capital Appreciation Fund RetirementHNACX2.50%3.00%4.00%4.50%5.00%6.00%
U.S. Mid/Small Cap
Fidelity Mid Cap IndexFSMDX1.50%2.00%2.50%2.50%3.00%3.00%
Artisan Mid Cap InstlAPHMX1.50%2.00%2.50%2.50%3.00%3.00%
Fidelity Small Cap IndexFSSNX0.50%0.50%0.50%1.00%1.00%2.00%
Amer Beacon Small Cap Value R6AASRX0.50%0.50%0.50%1.00%1.00%2.00%
International Equity
Amer Beacon International Equity R6AAERX4.50%5.50%6.50%7.50%8.50%10.50%
American Funds EuroPacific Growth R6RERGX4.50%5.50%6.50%7.50%8.50%10.50%
Emerging Markets
DFA Emerging Markets Core EquityDFCEX3.00%4.00%4.00%5.00%6.00%7.00%
Domestic Fixed Income
Metropolitan West Total Return Bond PlanMWTSX10.00%9.00%7.00%8.00%9.00%7.00%
JP Morgan Strategic Income Opportunities R6JSOZX4.50%4.00%3.00%4.00%4.50%3.00%
BlackRock Strategic Income Opportunities InstlBSIIX4.50%4.00%3.00%4.00%4.50%3.00%
Stable Value
CRA Book ValueN/A50.00%42.00%40.00%30.00%21.00%15.00%
Master Limited Partnerships
Tortoise MLP & Pipeline Fund Institutional ClassTORIX0.00%3.00%3.00%3.00%4.00%4.00%
Low Correlated Hedge Fund
iMGP Alternative StrategiesMASFX5.00%5.00%5.00%5.00%5.00%5.00%
TOTAL100.00%100.00%100.00%100.00%100.00%100.00%
FundTickerCRA
2035
CRA
2040
CRA
2045
CRA
2050
CRA
2055
CRA
2060
U.S. Large Cap
Fidelity 500 IndexFXAIX15.00%17.00%17.00%17.00%17.00%17.00%
Dodge & Cox Stock FundDOXGX7.50%8.00%8.50%8.50%8.50%8.50%
Harbor Capital Appreciation Fund RetirementHNACX7.50%8.00%8.50%8.50%8.50%8.50%
U.S. Mid/Small Cap
Fidelity Mid Cap IndexFSMDX4.00%4.50%5.00%5.00%5.00%5.00%
Artisan Mid Cap InstlAPHMX4.00%4.50%5.00%5.00%5.00%5.00%
Fidelity Small Cap IndexFSSNX2.00%2.00%2.00%2.00%2.00%2.00%
Amer Beacon Small Cap Value R6AASRX2.00%2.00%2.00%2.00%2.00%2.00%
International Equity
Amer Beacon International Equity R6AAERX12.00%13.00%14.00%14.00%14.00%14.00%
American Funds EuroPacific Growth R6RERGX12.00%13.00%14.00%14.00%14.00%14.00%
Emerging Markets
DFA Emerging Markets Core EquityDFCEX8.00%9.00%9.00%9.00%9.00%9.00%
Domestic Fixed Income
Metropolitan West Total Return Bond PlanMWTSX4.00%4.00%2.00%3.00%3.00%3.00%
JP Morgan Strategic Income Opportunities R6JSOZX2.00%2.00%1.00%1.50%1.50%1.50%
BlackRock Strategic Income Opportunities InstlBSIIX2.00%2.00%1.00%1.50%1.50%1.50%
Stable Value
CRA Book ValueN/A10.00%4.00%4.00%4.00%4.00%4.00%
Master Limited Partnerships
Tortoise MLP & Pipeline Fund Institutional ClassTORIX4.00%4.00%4.00%5.00%5.00%5.00%
Low Correlated Hedge Fund
iMGP Alternative StrategiesMASFX4.00%3.00%3.00%0.00%0.00%0.00%
TOTAL100.00%100.00%100.00%100.00%100.00%100.00%
Innovest Portfolio Solution Logo

Information for this report was provided by CRA’s Investment Advisor, Innovest Portfolio Solutions.

Innovest is a Registered Investment Adviser registered with the US Securities and Exchange Commission. Unless explicitly stated to the contrary, the material herein is not intended to provide and should not be relied on for investment advice. Under no circumstance are we ever providing tax, accounting, or legal advice.

Past performance is no guarantee of future results. Investing involves the risk of loss.

This article may contain returns and valuations from outside 

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