The Island $avings Plan provides several approaches to investing, enabling you to select the option(s) that best suits your needs. To review monthly performance on investments, view the Island Savings Investment Performance here:
No time for—or interest in—choosing and managing your investments? Consider GoalMaker®. At no extra cost, this optional "asset allocation" program matches you with a professionally designed portfolio of Island Savings investment options based on your "investor style" (risk tolerance) and expected years to retirement.When you sign up, GoalMaker automatically:
Also, if you choose the optional Age Adjustment feature, your portfolio will gradually grow more conservative as you get closer to retirement. For more information see the GoalMaker brochure. To sign up for GoalMaker, log in to your account, select GoalMaker in the “Go to...” menu and follow the directions. Please see important information for details.
Vanguard Institutional Target Retirement Funds
The Vanguard Funds investment is a diversified solution that is built using four (4) or five (5) of Vanguard's broad-based index funds that cover all major worldwide asset classes. There are twelve (12) new funds offered in five-year increments at a low cost of 9 basis points (0.09%) that are professionally managed and are automatically rebalanced to become more conservative closer to retirement. In choosing an age-appropriate target retirement fund, consider selecting a fund that corresponds to your year of birth. You may choose the fund with an underlying portfolio that best fits your years to retirement and investment goals, and which targets your anticipated retirement date.
More information on the Vanguard Institutional Target Retirement Funds is available in the Plan Highlights brochure and the Vanguard Institutional Target Retirement Funds brochure.
Investment advice–Managed by Morningstar
Morningstar® Retirement ManagerSM offers professional investment management along with a range or resources, research, and educational support that are accessible and actionable.
There are two levels of service available:
Managed Accounts–This solution is designed for participants who want professional account management, but lack the time or expertise to manage their own account. For an additional fee (0.35% of your account value), you will get hands-on, professional investment management, including an account review, personalized strategy, and professional guidance, including specific recommendations, from an asset manager with Morningstar Associates.
Investment Advice–This solution offers a wide range of resources, research, and educational support to help participants make informed decisions about their accounts. This option is designed for a participant who wants to play an active role in managing their own plan account, but is looking for a second opinion about his or her investments.
Sign up for either option through your online account or by contacting a Retirement Education Counselor.
Want to learn more about Morningstar and how it can help you save for retirement? Watch this short video:
Core Investment Options
Click each fund name for details on strategy, holdings, and performance. For help, review the Fund Fact Sheet User's Guide.
The Island $avings Plan charges 0.11% of your account balance to help cover the costs of plan administration, and recordkeeping; this fee is deducted quarterly from your account balance. In addition, each investment option charges a fee ("expense ratios") charged by the Plan's investment providers to cover their funds' operating costs. Also, investors in the Self-Directed Brokerage Account may incur fees for the service as well as charges levied by investments they hold within the account.
All investing involves various risks including the possible loss of principal. You can lose money by investing in securities. The target date is the approximate date when investors plan to retire and may begin withdrawing their money. The asset allocation of the target-date funds will become more conservative as the target date approaches by lessening the equity exposure and increasing the exposure in fixed income-type investments. The principal value of an investment in a target-date fund is not guaranteed at any time, including the target date. There is no guarantee that the fund will provide adequate retirement income. A target-date fund should not be selected based solely on age or retirement date. Participants should carefully consider the investment objectives, risks, charges and, expenses of any fund before investing. Funds are not guaranteed investments and the stated asset allocation may be subject to change. You can lose money by investing in securities, including losses near and following retirement.
GoalMaker's model allocations are based on generally accepted financial theories that take into account the historic returns of different asset classes. But, of course, past performance of any investment does not guarantee future results. Participants should consider their other assets, income, and investments (e.g., equity in a home, Social Security benefits, individual retirement plan investments, etc.) in addition to their interest in the plan, to the extent those items are not taken into account in the model. Participants should also periodically reassess their GoalMaker investments to make sure their model portfolio continues to correspond to their changing attitudes and retirement time horizon.
You should consider the fund's investment objectives, risks, charges, and expenses before investing. The prospectus, and if available the summary prospectus, contain complete information about the investment options available through your plan. Please call 888-712-5642 for a free prospectus, and if available a summary prospectus, that contain this and other information about our mutual funds. You should read the prospectus and the summary prospectus, if available, carefully before investing.
Shares of the registered mutual funds and self-directed brokerage products and services are offered through Prudential Investment Management Services LLC (PIMS), Newark, NJ, a Prudential Financial company. Self-Directed Brokerage Accounts are carried and maintained by National Financial Services LLC pursuant to a clearing agreement with PIMS.
The target date is the approximate date when investors plan to retire and may begin withdrawing their money. The asset allocation of the target-date funds will become more conservative as the target date approaches by lessening your equity exposure and increasing your exposure in fixed income investments. The principal value of an investment in a target-date fund is not guaranteed at any time, including the target date. There is no guarantee that the fund will provide adequate retirement income. A target-date fund should not be selected solely based on age or retirement date. Before investing, participants should carefully consider the fund's investment objectives, risks, charges, and expenses, as well as their age, anticipated retirement date, risk tolerance, other investments owned, and planned withdrawals. The stated asset allocation may be subject to change. It is possible to lose money in a target-date fund, including losses near and following retirement. Investments in the funds are not deposits or obligations of any bank and are not insured or guaranteed by any governmental agency or instrumentality.
Retirement Education Counselors are registered representatives of PIMS.
Morningstar® Retirement Manager(SM) is offered by Morningstar Investment Management LLC and is intended for citizens or legal residents of the United States or its territories. The investment advice delivered through Morningstar Retirement Manager is provided by Morningstar Investment Management LLC, a registered investment adviser and subsidiary of Morningstar, Inc. The Morningstar name and logo are registered marks of Morningstar, Inc. Investment advice generated by Morningstar Retirement Manager is based on information provided and limited to the investment options available in the defined contribution plan. Projections and other information regarding the likelihood of various retirement income and/or investment outcomes are hypothetical in nature, do not reflect actual results, and are not guarantees of future results. Results may vary with each use and over time. Morningstar Investment Management, LLC is not affiliated with Prudential Financial or any of its affiliates.