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Equity Index Fund Profile Information Current As of 03/31/2021

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Equity Index Fund Profile

Information current as of 03/31/2021

Risk/Reward Indicator

  • Lower Risk/Reward
  • Higher Risk/Reward

  • Investment Objective
  • Investment Managers

The investment objective of the Equity Index Fund is to replicate the return of the Standard & Poor’s (S&P) 500 Index. The Equity Index

Fund offers participants exposure to the stocks of large corporations

through a passive investment vehicle. Returns on large cap equities

have historically exceeded inflation, but with substantial volatility over

short and even intermediate holding periods (risk as measured by standard deviation).
The Equity Index Fund is comprised of the following manager: BNY Mellon

Current Allocation

Investment Guidelines

The Equity Index Fund will invest in a portfolio of equity securities of companies listed on the U. S. securities exchanges that replicates the composition and characteristics of the S&P 500 Index.

Fees: NYCDCP Fee versus Institutional Fund Fee

  • NYCDCP Equity Index Fund
  • 0.05%

  • Institutional Median Equity Index Fund
  • 0.07%

Performance History

After Fee Cumulative Returns Ending March 31, 2021

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Disclaimer

Note: The past performance of this Fund does not guarantee future results. Historical returns may reflect the performance of previous managers and allocations of the fund. The Fund described in this Investment Profile is not FDIC insured; is not a deposit or obligation of, nor guaranteed by, any financial institution; and is not guaranteed by the New York City Deferred Compensation Plan (“Plan”) or any federal, state or local government agency.

The Plan cannot offer investment, financial, tax or legal advice or make investment recommendations. The Plan regularly evaluates the performance of its investment managers and may change managers at any time. Please consider the investment objectives, risks, fees and expenses carefully before investing. The Plan’s investments are in separate account vehicles, not in mutual funds. The Plan’s funds are not listed in the newspaper; rather the daily net asset values are available on the Plan’s website.

Information current as of 03/31/21

Equity Index Fund Profile

Additional Performance Analysis

Three Year Rolling Performance, Information Ratio and Tracking Error

Annualized Return vs. Annualized Standard Deviation
3 Years Ending March 31, 2021
Annualized Excess Performance

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Additional Information

Note: The benchmark for the Equity Index Fund is the S&P 500. All performance figures provided are net of fees. Institutional Median Fees are derived from

Morningstar universes. Fund Manager - BNY Mellon

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    Invesco MSCI World SRI Index Fund•

    Mutual Fund Retail Share Classes Invesco MSCI World Data as of June 30, 2021 SRI Index Fund• Quarterly Performance Limited Offering Commentary Investment objective Market overview The fund seeks long-term growth of capital. + US equity markets hit record highs during the recovery in corporate earnings, improved investor quarter thanks to a third round of pandemic-relief sentiment, vaccine rollouts and the easing of Portfolio management checks, healthy corporate earnings reports and an pandemic restrictions. However, inflation aggressive vaccination program. Increased remained a top concern in Europe due to figures Su-Jin Fabian, Nils Huter, Robert Nakouzi, Daniel economic activity raised inflation concerns, but released by Germany, Italy and Spain that Tsai, Ahmadreza Vafaeimehr investors were not deterred. President Biden's demonstrated continued price pressure. At the agreement on a $1.2 trillion infrastructure plan end of June, European stocks fell on concerns sent stocks higher at the end of the June. about the spread of the COVID-19 Delta variant. Fund facts European equity markets also rose, driven by a Nasdaq A: VSQAX C: VSQCX Y: VSQYX Positioning and outlook Total Net Assets $11,702,613 + The fund is a passively managed portfolio seeking + The MSCI World SRI Index targets about 25% of Total Number of Holdings 355 to closely track the MSCI World SRI Index. the parent index (MSCI World Index) market capitalization in companies with high ESG ratings Annual Turnover (as of 118% + Country, sector and security weights will closely mirror those of the index. compared to their sector peers, and applies a list 10/31/20) of values-based exclusion criteria, such as + As of quarter end, the largest sector weights were controversial weapons, tobacco, alcohol, gambling, in IT, financials, consumer discretionary and health etc.
  • Comparing Index Mutual Funds and Active Managers He Index Fund Recently Celebrated Its Resented in a Particular Benchmark Index

    Comparing Index Mutual Funds and Active Managers He Index Fund Recently Celebrated Its Resented in a Particular Benchmark Index

    VOLUME 32, NUMBER 28 WWW.RBJDAILY.COM OCTOBER 14, 2016 Comparing index mutual funds and active managers he index fund recently celebrated its resented in a particular benchmark index. 40th birthday. The Vanguard 500 In- The S&P 500 is made up of 500 stocks, Tdex Fund, the very first indexed mu- and Standard & Poor’s publishes the list tual fund, began on Aug. 31, 1976. That of stocks and their weights in the index. might not seem like such a big deal, but It is therefore quite simple for an index consider that during a typical 10-year pe- fund manager to purchase all of the stocks riod, roughly half of all stock mutual funds and hold them until the index changes, close their doors. Merely surviving for 40 ON INVESTING which doesn’t happen that often. Because years is quite a feat, but the fact that the Mark Armbruster the process is uncomplicated, it does not Vanguard 500 Index Fund is now among cost much to run an index fund. So, if an the largest mutual funds in the world makes also showing that the vast majority of ac- index fund rises 10 percent with the mar- it all the more impressive. tively managed funds underperform ap- ket, it might net you 9.9 percent after costs. In fact, of the 25 largest mutual funds, propriate benchmarks. When net returns are compared, clearly, the all but 10 are index funds. Of the 10 non- Twenty-five years after his Princeton the- naïve index fund is superior to the really index funds on the list, only six are actively sis, Jack Bogle was the first to marry the good active fund manager.