Audience: Employers

Product: Investment Services Program (ISP)

Contacts: ISP employers with money invested in one of the three funds being removed

Date Sent: 6/2/2021

Format: Mail

Description:

Effective June 24, 2021, the following three target risk portfolios will be removed and assets will automatically be invested proportionately to achieve an identical asset allocation in the MERS Global Equity Portfolio and MERS Diversified Bond Portfolio.

To ensure the number of shares remains stable during the asset transfer, there will be a quiet period from June 22 through June 29 for all ISP plans regardless of which funds they are invested in.

On Tuesday, June 2, an email was sent to employers with money invested in one of the three funds being removed indicating that they will be directly impacted.

Sample: A sample of the eblast can be found here.