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NDPERS Board Puts Fund on Review

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:

  1. Remove the fund from the "formal fund review"
  2. To close the fund to all new contributions
  3. To remove the fund from the PERS investments options, select a new fund and move existing funds to the new fund.

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.