FRS 2020 Retirement Fund (2020) Data updated as of 06/30 ...
[Pages:2]FRS 2020 Retirement Fund (2020)
Data updated as of 03/31/2022
Full Legal Name
FRS 2020 Retirement Fund
Lipper Classification
Mixed-Asset Target 2020 Funds
Funds that seek to maximize assets for retirement with an expected retirement date on or about 2020.
Investment Objective and Strategy
The Fund seeks to provide capital appreciation, current income and inflation protection. The fund is best suited for FRS members who between 5 and 10 years before reaching the FRS" normal retirement age" or between 5 and 10 years before anticipating to retire. The fund is a blend of institutional funds and mutual funds.
Lipper Leaders (Overall)1
Best = 5 ? 4 ? 3 ? 2 ? 1 = Worst
Historical Performance (%)
10 %
8 %
FRS 2020 Retirement Fund (2020)
6 %
4 %
2 %
FRS Retirement 2020 Index
0 %
-2 %
-4 %
Cumulative (%)
Annualized (%)
Year
Since
1 Month 3 Month to Date 1 Year 3 Year 5 Year 10 Year Incep.
Fund Total Return 0.31 -2.93 -2.93 5.68 8.66 7.62 6.67 8.25
Percentile Rank2
--
--
--
--
--
--
--
--
Numeric Rank2
--
--
--
--
--
--
--
--
Mixed-Asset Target 2020 Funds count --
--
--
--
--
--
--
--
FRS Retirement 2020 Index 0.52 -2.54 -2.54 5.52 8.48 7.41 6.41 8.00
2Calculated against universe of funds in the Mixed-Asset Target 2020 Funds classification.
The Historical Performance section shows the funds' historical performance. Past performance is not indicative of future results. Investment return and value of shares will fluctuate. Upon redemption, shares may be worth more or less than their original cost. The current performance may be higher or lower than the quoted performance. Numeric Rankings for the fund is based on Total Return Performance and represents the numeric position achieved by the fund within its Lipper classification universe for that time period.
--
3 Year Cumulative Return
Total Return
Consistent Return
Preservation
Expense
Total Return Calculated Out of -- Mixed-Asset Target 2020 Funds 1Lipper Leaders (Overall) - All Ratings as of -- - Ratings for Total Return reflect funds' historical total return performance relative to peers. Ratings for Consistent Return reflect funds' historical risk-adjusted returns relative to peers. Lipper ratings for Preservation are relative, rather than absolute. Ratings for Expense reflect funds' expense minimization relative to peers. Lipper Leader ratings DO NOT take into account the effects of sales charges. Ratings are based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable).
Top Holdings as of 03/31/22
Holding Name PRISA LP PRISA II LP PGIM Core Ultra Short Bond Fund Apple Inc United States of America (Government) .125% 15-JUL Microsoft Corp United States of America (Government) .375% 15-JUL United States of America (Government) .625% 15-JAN United States of America (Government) .125% 15-OCT United States of America (Government) .375% 15-JUL
Percent of TNA 4.17 1.98 1.50 0.98 0.86 0.84 0.73 0.72 0.64 0.63
Asset Allocation (%) as of 03/31/22
Fixed Income 50.06 Equity 39.53 Other 8.53 Cash 1.88
Asset Allocation may equal less than or greater than 100% due to hedged funds or leveraged cash positions by the fund.
Credit Quality (%) as of 03/31/22
AAA Bonds 28.80 AA Bonds 4.47 A Bonds 4.61 BBB Bonds 5.25 BB Bonds 1.65 B Bonds 1.27 CCC Bonds 0.25 CC Bonds 0.01 D Bonds 0.01
Quality Not Rated 3.67
Refintiv Lipper, an LSEG Business. ? 2022 LSEG. All rights reserved. Any copying, republication or redistribution of Lipper content is expressly prohibited without the prior written consent of Lipper.
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Risk Analysis (3 Year)
-11.04 10.19
Growth of $10,000 Over 3 Years
Alpha4
0.01
Beta4
1.00
R-Squared4
1.00
Annualized Standard
Deviation
8.77
Annualized
Sharpe Ratio
0.86
13,500 13,000 12,500 12,000 11,500 11,000 10,500 10,000 9,500
FRS 2020 Retirement Fund (2020) $12,829
FRS Retirement 2020 Index $12,765
4These statistics are measured against the Fund's index: FRS Retirement 2020 Index
Mar 19 Jun 19 Sep 19 Dec 19 Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Jun 21 Sep 21 Dec 21 Mar 22
35 % 30 % 25 % 20 % 15 % 10 % 5 % 0 % -5 %
Best 3 Month Performance Over 3 Years
Worst 3 Month Performance Over 3 Years
Fund Expenses
Net Expense Ratio (%)5
0.19
Gross Expense Ratio (%)
0.19
Administrative Expenses (%)
N/A
5The Net Expense Ratio is what you ultimately pay per dollar invested.
Expense Waiver (%) Expense Waiver Type Expense Waiver Time Limit Per $1,000 Investment ($)
0.00 None None
1.90
Glide Path6
100% 80% 60%
40%
20%
0%
50
45
40
35
30
25
20
15
10
5
0
-5 -10 -15 -20 -25 -30
Years Until Retirement
Current Allocation Equity 53.92 Bonds and Cash 46.08
Years After Retirement Steady State Allocation 6Zero years typically represents age 65 for most investors.
Portfolio Characteristics as of 03/31/22
Number of Holdings Portfolio Turnover (%) Average Market Cap ($B) Price to Earnings Price to Book Average Nominal Maturity (Years) Average Duration (Years) Average Coupon (%)
28,410 --
101.25 12.97 2.74 9.77 7.68 1.84
Fund Detail
Inception Date Total Net Assets ($B) Asset Type
12/31/2008 .57
Mixed Asset Funds
FRS 2020 Retirement Fund (2020)
Top Industries (%) as of 03/31/22
Management Company Information
Information Technology 6.64 Financials 4.98 Industrials 4.51
Consumer Discretionary 3.78 Health Care 3.72 Real Estate 3.08 Materials 2.94 Energy 2.58 Utilities 2.47
Communication Services 2.33
Management Company Address
City
Stephens Investment Mgmt Group LLC
Allspring Global Investments LLC
BlackRock Institutional Trust Company NA
111 Center Street
Little Rock
525 Market Street 10th Floor
400 Howard Street
San Francisco San Francisco
FIAM LLC
900 Salem Street
Smithfield
Geographic Breakdown (%) as of 03/31/22
United States 66.54 Other 12.12
Europe (ex. UK) 7.34 Emerging Markets Asia 3.47
North America Ex US 2.96 United Kingdom 2.91 Japan 2.72
Asia Pacific ex Japan 1.94 Latam 0.84 Mena 0.48
PGIM Investments LLC
Principal Management Corporation T. Rowe Price Associates Inc
Gateway Center Three 100 Mulberry Street, 4th Floor
711 High Street
Newark Des Moines
100 East Pratt Street Baltimore
Data updated as of 03/31/2022
State AR
Zip Code 72201
Web Address
DE
94105
CA
94105
RI
02917 institutional.
NJ
07102-
4077
IA
50392-
0280
MD
21202
Top Security Types (%) as of 03/31/22
Bond Name Govt. Agency Notes/Bonds Corporate Notes/Bonds Mortgage Backed Securities Asset Backed Securities Fixed Income Other Municipal Bonds Treasury
Percent of TNA 28.98 11.79 6.00 1.77 1.27 0.21 0.02
Maturity Breakdown (%) as of 03/31/22
Maturity Period < 1 Year 1 - 3 Years 3 - 5 Years 5 - 10 Years 10 - 20 Years 20 - 30 Years > 30 Years Other
Percent of TNA 2.41 8.46 10.78 14.05 4.09 7.79 1.14 1.25
Fund Management
Fund Manager(s) Fund of Fund Multi-Manager
Tenure
Target date funds are subject to the risks associated with their underlying funds. Diversification does not assure a profit or protect against loss in a declining market. Investments in bonds are subject to interest rate, credit and inflation risk. Important Fund Information. In general, a 1-year, 5-year, and 10-year performance is shown. If a full 10-year history is not available, a return since inception is provided instead. For the purposes of new FRS Investment Funds, the 5-year history, if available, is considered to be the since inception history. Fees reflect revised allocations effective 1-2-2018.
Page 2 of 2
Refintiv Lipper, an LSEG Business. ? 2022 LSEG. All rights reserved. Any copying, republication or redistribution of Lipper content is expressly prohibited without the prior written consent of Lipper.
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