Ariel Investments Small_Mid Cap Value Fund (IS Platform).pdf
PDF 469 KB Posted
- Attached to
- T2327 - Defined Contribution Retirement Program Administrative Services: NJSEDCP & NJDCRP
- Solicitation number
- 26DPP01201
- Issued by
- New Jersey
About this file
This document is a product information sheet for the Ariel Investments Small-Mid Cap Value Fund available on the IS Platform, related to the State of New Jersey's solicitation for Defined Contribution Retirement Program Administrative Services (T2327) covering the New Jersey State Employees Deferred Compensation Plan (NJSEDCP) and the New Jersey Defined Contribution Retirement Program (NJDCRP). The fund serves as one of 27 investment options available to participants in these retirement plans, which collectively serve 163,987 unique participants across 1,814 participant locations with total assets of approximately $6.1 billion. The Ariel Investments Small-Mid Cap Value Fund employs a strategy focused on identifying undervalued small and mid-capitalization companies with strong cash flows, low debt, high-quality products or services, and significant barriers to entry. The fund emphasizes value-oriented investment approaches and seeks companies with attractive risk-return profiles relative to their appropriate style benchmarks, making it suitable for long-term retirement investors seeking exposure to domestic small and mid-cap equities.
The fund's pricing structure includes expense ratios and potential cash management costs associated with the IS Platform wrapper, with forward-looking price-to-earnings ratios and P/E-to-growth ratios provided for performance evaluation relative to appropriate style benchmarks. Revenue sharing arrangements from investment management fees are rebated to participants in the retirement plans, consistent with the State of New Jersey's requirement that all plan expenses be borne by participants rather than the State. The fund operates under a separate account structure where investment options available through the NJSEDCP and NJDCRP receive certain corporate income tax benefits associated with the investment of separate account assets. As one of multiple investment options presented to retirement plan participants, this fund offering represents part of the comprehensive investment menu required by the selected administrative services vendor, with the actual investment selection and performance remaining the responsibility of individual plan participants.
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File details come from the government source that posted it. Updated .