The target date portfolios are custom-designed and managed for the Plan by AllianceBernstein L.P., an investment management firm that designs, implements and monitors the asset allocation for the Missouri Target Date Funds. The investment portfolios underlying the Missouri Target Date Funds are managed by a number of investment providers and were selected by MOSERS.
The underlying managers that make up the Missouri Target Date Funds include:
- State Street Global Advisors (SSgA) - passively manages the US Large Cap Stocks, US Small and Mid Cap Stocks (SMID), International Stocks, Emerging Markets Stocks, REITs, Commodities, Core Intermediate Bonds, and Inflation- Protected Securities investment components.
- Vanguard - actively manages the High Yield Bond investment component.
- BlackRock Institutional Trust Company (BTC) - passively manages the Short Duration Bond investment component.
AllianceBernstein L.P. is a leading investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world.