Miletti is a managing director and lead portfolio manager for the PMV Equity team at Wells Capital Management, where she manages the Common Stock Fund
, Intrinsic Small Cap Value Fund, Opportunity Fund and Real Return Fund.
Nabisco Common Stock Fund
and Nabisco Group Holdings Common Stock Fund
-which had been investment options up until then, stopping further purchase but letting participants retain investments they currently owned.
The allocation of assets is: 25% in a common stock fund
, another 25% in a small- cap fund, 30% in an international fund, and 20% divided evenly between a 2030 target-date fund and a 2040 target-date fund.
Lower Transaction Costs - On average, the typical common stock fund
incurs about a 4% transactions cost on a round-trip trade.
Both Plans mandated that Citigroup common stock was offered as an investment option but participants were free to invest assets within the Citigroup Common Stock Fund
and between 20 to 40 other investment options.
Although the result has been shown elsewhere, the authors present data to show that currently fewer than five percent of faculty allocate all of their retirement funds to CREF, the common stock fund