cra target date portfolios...cra target date portfolios include some investment options not directly...

CRA Target Date PortfoliosFund lineups for your stage in life.

Simplify your investment strategy with a Colorado Retirement Association target date portfolio.

Looking to make your retirement planning a little easier? CRA may have just the thing for you.Instead of choosing several different investments, consider picking a Colorado Retirement Association target date portfolio and begin making contributions from your paycheck.

CRA target date portfolio advantagesAge-based investment strategy designed to help you maximize your retirement savings potential over the course of your working years Diversification across different asset classes through a single investment pathContinuous rebalancing and performance monitoringAutomatic adjustment as you get older and near retirement age

Following conventional retirement savings wisdom, target date portfolios for professionals in their early to mid-career are designed to grow savings, whereas the target date portfolios become more conservative the closer you get to retirement in order to reduce exposure to the risk of your investments losing money. The date in a target date fund's name is the approximate date when investors are expected to start withdrawing their money (generally as-sumed to be at age 65). The principal value of the funds is not guaranteed at any time, including on the target date.

Age 77 and ongoing thereafter

30 years to retirement

15 years to retirement

Age 66, the year of retirement

Sample CRA target date portfolio Stocks Bonds

36 years old 77 years oldAggressive to Conservative

Percentages are subject to change based on the determinations of CRA's investment adviser. Empower Retirement is not responsible for the composition of CRA target date portfolios.

12%

88%

26%

74% 52%48%

75%

25%

Custom-designed by experienced investment professionalsInnovest Portfolio Solutions LLC applies decades of investment experience across the capital markets to design and maintain CRA target date portfolios created exclusively for CRA retirement plans.

DATE OF BIRTH PARTICIPANT AGE RANGE

EXPECTED RETIREMENT DATE RANGE

CRA TARGET DATE PORTFOLIO

Prior to 1942 77 or older 2007 or before CRA TDP Income

1943 - 1947 72-76 2008 - 2012 CRA TDP 2010

1948 - 1952 67-71 2013 - 2017 CRA TDP 2015

1953 - 1957 62-66 2018 - 2022 CRA TDP 2020

1958 - 1962 57-61 2023 - 2027 CRA TDP 2025

1963 - 1967 52-56 2028 - 2032 CRA TDP 2030

1968 - 1972 47-51 2033 - 2037 CRA TDP 2035

1973 - 1977 42-46 2038 - 2042 CRA TDP 2040

1978 - 1982 37-41 2043 - 2047 CRA TDP 2045

1983 - 1987 32-36 2048 - 2052 CRA TDP 2050

1988 - 1992 27-31 2053 - 2057 CRA TDP 2055

1993 or after 26 or younger 2058 or after CRA TDP 2060

Please consider the investment objectives, risks, fees and expenses carefully before investing. Additional disclosure documents can be obtained from your registered representative or the CRA website. Please read them carefully before investing.

The chart shown is only intended as a guide based on the overall design of the portfolios. It is not intended as financial planning or investment advice. In addition to your age or retirement date, you should consider other factors, including your risk tolerance, personal circumstances and complete financial situation. Please consult with your financial planner or investment advisor as needed.

Colorado Retirement Association is formerly known as Colorado County Officials and Employees Retirement Association

To make changes, log into your account at cra-online.org or call 800.352.0313.

Core Managers CRA Book Value 50.00%Met West Total Return 15.00%Vanguard Inst 500 Index 4.00%American Beacon Intl Equity 3.50%American Funds EuroPac Growth 3.50%Dodge & Cox Stock 2.00%Harbor Capital Appreciation 2.00%Artisan Mid Cap Growth 1.00%Vanguard Mid Cap Index 1.00%American Beacon Small Cap Value 0.50%Vanguard Small Cap Index 0.50%

TDP-only ManagersMainStay Floating Rate 6.00%Litman Gregory 5.00%BlackRock Strategic Income Opps. 2.00%DFA Emerging Markets Core 2.00%JPMorgan Strategic Income Opps. 2.00%



TDP-only ManagersMainStay Floating Rate 6.00%Litman Gregory 5.00%Opp. Steelpath MLP Alpha 5.00%DFA Emerging Markets Core 3.00%BlackRock Strategic Income Opps. 1.00%JPMorgan Strategic Income Opps. 1.00%


Underlying target asset allocation for CRA target date portfolios (as of May 24, 2019)CRA target date portfolios include some investment options not directly available to participants.

CRA TDP Income

Portfolio Investment Management Fees 0.46%

CRA TDP 2010Portfolio Investment Management Fees 0.51%


Stable Value US Fixed Income US Large Cap Stocks

US Mid/Small Cap Stocks

International Equity

Emerging Markets Equity

Floating Rate Corporate Loans

Low Correlated Hedge Funds

Master Limited Partnerships

50% 19% 8% 3% 7% 2% 6% 5% 0%








42% 12% 12% 5% 10% 3% 6% 5% 5%








40% 12% 12% 5% 11% 4% 6% 5% 5%


TDP-only ManagersDFA Emerging Markets Core 6.00%MainStay Floating Rate 6.00%Litman Gregory 5.00%Opp. Steelpath MLP Alpha 5.00%BlackRock Strategic Income Opps. 1.00%JPMorgan Strategic Income Opps. 1.00%

Core Managers CRA Book Value 15.00%Vanguard Inst 500 Index 12.00%American Beacon Intl Equity 10.00%American Funds EuroPac Growth 10.00%Dodge & Cox Stock 6.00%Harbor Capital Appreciation 6.00%Met West Total Return 6.00%Artisan Mid Cap Growth 3.00%Vanguard Mid Cap Index 3.00%American Beacon Small Cap Value 2.00%Vanguard Small Cap Index 2.00%

TDP-only ManagersDFA Emerging Markets Core 7.00%MainStay Floating Rate 6.00%Litman Gregory 5.00%Opp. Steelpath MLP Alpha 5.00%BlackRock Strategic Income Opps. 1.00%JPMorgan Strategic Income Opps. 1.00%














30% 16% 15% 6% 13% 4% 6% 5% 5%








21% 12% 20% 8% 17% 6% 6% 5% 5%








15% 8% 24% 10% 20% 7% 6% 5% 5%

Core Managers Vanguard Inst 500 Index 14.00%American Beacon Intl Equity 11.50%American Funds EuroPac Growth 11.50%CRA Book Value 10.00%Dodge & Cox Stock 6.00%Harbor Capital Appreciation 6.00%Met West Total Return 5.00%Artisan Mid Cap Growth 3.50%Vanguard Mid Cap Index 3.50%American Beacon Small Cap Value 2.00%Vanguard Small Cap Index 2.00%

TDP-only ManagersDFA Emerging Markets Core 8.00%MainStay Floating Rate 6.00%Opp. Steelpath MLP Alpha 5.00%Litman Gregory 4.00%BlackRock Strategic Income Opps. 1.00%JPMorgan Strategic Income Opps. 1.00%

Core Managers Vanguard Inst 500 Index 16.00%American Beacon Intl Equity 13.00%American Funds EuroPac Growth 13.00%Dodge & Cox Stock 8.00%Harbor Capital Appreciation 8.00%Artisan Mid Cap Growth 4.50%Vanguard Mid Cap Index 4.50%CRA Book Value 4.00%Met West Total Return 3.00%American Beacon Small Cap Value 2.00%Vanguard Small Cap Index 2.00%

TDP-only ManagersDFA Emerging Markets Core 9.00%MainStay Floating Rate 5.00%Opp. Steelpath MLP Alpha 5.00%Litman Gregory 3.00%


TDP-only ManagersDFA Emerging Markets Core 9.00%MainStay Floating Rate 5.00%Opp. Steelpath MLP Alpha 5.00%Litman Gregory 3.00%












4% 3% 32% 13% 26% 9% 5% 3% 5%








4% 3% 32% 13% 26% 9% 5% 3% 5%








10% 7% 26% 11% 23% 8% 6% 4% 5%


TDP-only ManagersDFA Emerging Markets Core 9.00%MainStay Floating Rate 5.00%Opp. Steelpath MLP Alpha 5.00%
















4% 3% 33% 13% 28% 9% 5% 0% 5%








4% 3% 33% 13% 28% 9% 5% 0% 5%








4% 3% 33% 13% 28% 9% 5% 0% 5%

Diversification, rebalancing and asset allocation do not ensure a profit and do not protect against loss in declining markets.FOR ILLUSTRATIVE PURPOSES ONLY. Asset allocation investment options are subject to the risks of the underlying funds, which can be a mix of stocks/stock funds and bonds/bond funds. Asset allocations as of May 24, 2019. The CRA target date portfolio allocations are based on an investment strategy relying on risk and return. This is not intended as financial planning or investment advice. The allocations for the funds are subject to change. Fund data sheets are available at www.cra-online.org. Securities offered and/or distributed by GWFS Equities, Inc., Member FINRA/SIPC, marketed under the Empower Retirement brand. GWFS is a subsidiary of Great-West Life & Annuity Insurance Company and affiliated with Great-West Life & Annuity Insurance Company of New York, Great-West Funds, Inc.; Great-West Trust Company, LLC; and registered investment adviser Advised Assets Group, LLC. This material has been prepared for informational purposes only and is not intended to provide investment, legal or tax advice. The CRA Target Date Portfolio is not a registered investment product but a separate account created specifically for the plan. Separately managed accounts are not required to file a prospectus or registration statement with the SEC and, accordingly, neither is available. The portfolio is managed by Innovest Portfolio Solutions LLC. Innovest Portfolio Solutions LLC is not affiliated with GWFS.©2019 Great-West Life & Annuity Insurance Company. All rights reserved. 98721-01-02-BRO-27887-1908 RO914511-0819

cra target date portfolios...cra target date portfolios include some investment options not directly...

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