On or around April 1, 2024, INPRS added Acadian to serve as an active manager for the International Equity Fund. This is a risk-reducing change for the Fund as INPRS expects less deviation from the benchmark. The International Equity Fund’s annual expense ratio of 0.18% is not expected to change.

INPRS added Acadian to serve as an active manager for 5% of the International Equity Fund. The addition of Acadian further diversifies the strategies and philosophies of the existing roster of underlying active managers within this Fund. In aggregate, this change seeks to improve the International Equity Fund’s consistency in exceeding its benchmark.

The International Equity Fund’s annual expense ratio of 0.18% is not expected to change. The fund’s total amount of active management of 40% will not change.

Managers for the International Equity Fund:

Changes are only occurring to the underlying investment manager construction of the International Equity Fund. This underlying manager change will be reflected on INPRS’s DC Investment Fund fact sheets for Q2 2024 (i.e., June 30, 2024). You can review the underlying investment managers of the International Equity Fund and our other DC investment funds in the “Underlying Managers Link” section in the bottom left-hand corner of each fact sheet.

If you wish to update the investment allocation of your existing DC balance and/or your future payroll contributions, you can do so at any time by logging on to your secure online account at myINPRSretirement.org.