NDPERS 401(a) Defined Contribution and 457 Companion Plan participants:
Due to a change in management and poor performance, the NDPERS Board has placed the Nuveen Tradewinds Value fund (Ticker Symbol: NVORX) on Formal Fund Review. When a fund has been placed under formal review, it indicates the board will be monitoring the fund, its operations, and its performance. The outcome of this monitoring may be to:
PERS will post to its website any future actions relating to this fund. The Nuveen Tradewinds Value fund is a Large Cap Blend fund. The NDPERS core investment lineup currently also has the Vanguard 500 Index Signal (Ticker Symbol: VIFSX) as a Large Cap Blend investment option.