Vanguard Mid Cap Index Admiral.pdf

This is a fund fact sheet for the Vanguard Mid Cap Index Admiral mutual fund, which serves as one of the investment options available under the State of New Jersey's defined contribution retirement programs (NJSEDCP and NJDCRP). The document provides detailed information about the fund's investment strategy, performance metrics, and characteristics relevant to plan participants selecting investment options. As one of 27 available investment options within the retirement plans, this fund represents a mid-cap equity investment choice designed to track the performance of mid-sized U.S. companies. The fact sheet contains historical performance data, fund composition, expense ratios, and other essential metrics that plan administrators and participants use to evaluate investment suitability within the retirement plan offerings.

The Vanguard Mid Cap Index Admiral fund is presented as a passively managed index fund designed to replicate the performance of mid-capitalization companies in the U.S. equity market. This investment option is relevant to the broader procurement context, as the selected administrative services vendor will be responsible for managing and maintaining all 27 investment options across the combined plans serving 163,987 participants with approximately $6.1 billion in total assets. The fund's inclusion in the plan's investment menu demonstrates the diversity of options available to participants, ranging from index-based funds to other actively or passively managed alternatives. As part of the comprehensive recordkeeping and administration services solicitation, the successful vendor must ensure seamless integration of all available investment options, including this Vanguard product, while managing investment administration across both the 457(b) and 401(a) plan structures.