Investments

MO Deferred Comp prides itself on providing a simple, yet custom investment lineup built specifically for Missouri savers.

The cornerstone of our investment options are the Missouri Target Date Funds, which provide professionally-managed, diversified portfolios named for different retirement dates. You also have access to a stable income investment option and a brokerage account through Charles Schwab. Together, these options make the deferred comp plan an attractive retirement account for a variety of savers.

Historical Performance & ExpensesCurrent Fund PricesAccess Brokerage AccountQuarterly Performance Report

OPTION 1:

Missouri Custom Target Date Funds

The Missouri Target Date Funds are the deferred compensation plan’s default investment option. Built as all-in-one investment solutions, these versatile fund options are designed specifically for state of Missouri employees and provide a diversified portfolio of investments. Investment professionals manage each fund’s asset allocation, saving you the stress of managing an investment portfolio.
Each fund is named after a retirement year and creates a diversified portfolio based on the “target date” of the fund. Over time, professional fund managers gradually adjust the investments, so the investment mix makes sense for your age. Funds that are farthest away from their target dates start out invested almost entirely in equities to emphasize the growth potential you need to build wealth over the long term. As you move closer to retirement, the fund automatically adjusts to a more conservative mix of investments. That means fewer equities and more bonds. So by the time you move into retirement, the fund will be more focused on protecting principal and generating income. Visit the target date funds microsite to learn more.
AllianceBernstein designs and implements the asset allocation and actively manages the glidepath. The investment portfolios underlying the Missouri Target Date Funds are managed by State Street Global Advisors, Vanguard, and BlackRock. The objective for all target date funds is to seek the highest total return over time, consistent with the Fund’s asset mix. Click here to see the most up-to-date target date fund asset allocations.

Target Date Fund Option Details

Target Date Fund
Anticipated Retirement Year
Birth Year
Fact Sheet Link
MO Retirement Allocation Fund
Retired
1942 or before
MRAF fact sheet
Missouri 2015 Fund
2015
1948 to 1952
2015 Fund fact sheet
Missouri 2020 Fund
2020
1953 to 1957
2020 Fund fact sheet
Missouri 2025 Fund
2025
1958 to 1962
2025 Fund fact sheet
Missouri 2030 Fund
2030
1963 to 1967
2030 Fund fact sheet
Missouri 2035 Fund
2035
1968 to 1972
2035 Fund fact sheet
Missouri 2040 Fund
2040
1973 to 1977
2040 Fund fact sheet
Missouri 2045 Fund
2045
1978 to 1982
2045 Fund fact sheet
Missouri 2050 Fund
2050
1983 to 1987
2050 Fund fact sheet
Missouri 2055 Fund
2055
1988 to 1992
2055 Fund fact shee
Missouri 2060 Fund
2060
1993 or after
2060 Fund fact sheet
Missouri 2065 Fund
2065
1998 or after
2065 Fund fact sheet
Missouri 2070 Fund
2070
1998 or after
2070 Fund fact sheet

Investement Options

Investment Option 1
Missouri Stable Income Fund
A fixed-income, lower interest rate investment option
Seeks to protect your principal balance
Potential for steady growth  without daily market fluctuations
Rate resets quarterly
Learn More
Investment Option 2
Custom Target Date Funds
13 target date funds
Professionally-managed, diversified portfolios
Each fund contains a mix of stocks, bonds, and other investments
Funds automatically rebalance over time
Learn More
dEFAULT SAVINGS OPTION
Investment Option 3
Self-Directed Brokerage Account
For hands-on Investors
Ability to build your own investment portfolio
Access to most individual stocks and bonds, and more than 13,000 mutual funds
Offered through Charles Schwab
Learn More

OPTION 1:

Missouri Custom Target Date Funds

The Missouri Target Date Funds are the deferred compensation plan’s default investment option. Built as all-in-one investment solutions, these versatile fund options are designed specifically for state of Missouri employees and provide a diversified portfolio of investments. Investment professionals manage each fund’s asset allocation, saving you the stress of managing an investment portfolio.
Each fund is named after a retirement year and creates a diversified portfolio based on the “target date” of the fund. Over time, professional fund managers gradually adjust the investments, so the investment mix makes sense for your age. Funds that are farthest away from their target dates start out invested almost entirely in equities to emphasize the growth potential you need to build wealth over the long term. As you move closer to retirement, the fund automatically adjusts to a more conservative mix of investments. That means fewer equities and more bonds. So by the time you move into retirement, the fund will be more focused on protecting principal and generating income. Visit the target date funds microsite to learn more.
AllianceBernstein designs and implements the asset allocation and actively manages the glidepath. The investment portfolios underlying the Missouri Target Date Funds are managed by State Street Global Advisors, Vanguard, and BlackRock. The objective for all target date funds is to seek the highest total return over time, consistent the Fund’s asset mix.

Target Date Fund Investment Details

Target Date Fund
Anticipated Retirement Year
Birth Year
Fact Sheet Link
MO Retirement Allocation Fund
Retired
1942 or before
MRAF fact sheet
Missouri 2010 Fund
2010
1943 to 1947
2010 Fund fact sheet
Missouri 2015 Fund
2015
1948 to 1952
2015 Fund fact sheet
Missouri 2020 Fund
2020
1953 to 1957
2020 Fund fact sheet
Missouri 2025 Fund
2025
1958 to 1962
2025 Fund fact sheet
Missouri 2030 Fund
2030
1963 to 1967
2030 Fund fact sheet
Missouri 2035 Fund
2035
1968 to 1972
2035 Fund fact sheet
Missouri 2040 Fund
2040
1973 to 1977
2040 Fund fact sheet
Missouri 2045 Fund
2045
1978 to 1982
2045 Fund fact sheet
Missouri 2050 Fund
2050
1983 to 1987
2050 Fund fact sheet
Missouri 2055 Fund
2055
1988 to 1992
2055 Fund fact shee
Missouri 2060 Fund
2060
1993 or after
2060 Fund fact sheet
Missouri 2065 Fund
2065
1998 or after
2065 Fund fact sheet
2065
2060
2055
2050
2045
2040
2035
2030
2025
2020
2015
2010
RAF*

MISSOURI 2065 TARGET DATE FUND

Manager: AllianceBernstein designs and implements the asset allocation and actively manages the glidepath. The investment portfolios underlying the Missouri Target Date Funds are managed by State Street Global Advisors, Vanguard, and BlackRock.

‍Category: A custom target date separate account (not a mutual fund).

‍Objective: Seeks the highest total return over time, consistent the Fund’s asset mix.

‍Strategy: The Missouri 2065 Fund is a diversified portfolio of equities and bonds built for investors who anticipate retiring around 2065, typically those born in 1998 or after. Over time, professional fund managers gradually adjust the investments, so the investment mix makes sense for your age. Funds that are farthest away from their target dates start out invested almost entirely in equities to emphasize the growth potential you need to build wealth over the long term. As you move closer to retirement, the Fund automatically adjusts to a more conservative mix of investments. That means fewer equities and more bonds. So by the time you move into retirement, the Fund will be more focused on protecting principal and generating income.

View the Fact Sheet

MISSOURI 2060 TARGET DATE FUND

Manager: AllianceBernstein designs and implements the asset allocation and actively manages the glidepath. The investment portfolios underlying the Missouri Target Date Funds are managed by State Street Global Advisors, Vanguard, and BlackRock.

‍Category: A custom target date separate account (not a mutual fund).

‍Objective: Seeks the highest total return over time, consistent the Fund’s asset mix.

Strategy: The Missouri 2060 Fund is a diversified portfolio of equities and bonds built for investors who anticipate retiring around 2060, typically those born in 1993 or after. Over time, professional fund managers gradually adjust the investments, so the investment mix makes sense for your age. Funds that are farthest away from their target dates start out invested almost entirely in equities to emphasize the growth potential you need to build wealth over the long term. As you move closer to retirement, the Fund automatically adjusts to a more conservative mix of investments. That means fewer equities and more bonds. So by the time you move into retirement, the Fund will be more focused on protecting principal and generating income.

View the Fact Sheet
Missouri Retirement Allocation Fund
The Missouri Retirement Allocation Fund is a diversified portfolio of equities and bonds built for retired investors, typically those born in 1942 or before. Review the Missouri Retirement Allocation Fund fact sheet.
Missouri 2010 Fund
The Missouri 2010 Fund is a diversified portfolio of equities and bonds built for investors who anticipate retiring around 2010, typically those born between 1943 and 1947. Review the Missouri 2010 Fund fact sheet.
Missouri 2015 Fund
The Missouri 2015 Fund is a diversified portfolio of equities and bonds built for investors who anticipate retiring around 2015, typically those born between 1948 and 1952. Review the Missouri 2015 Fund fact sheet.
Missouri 2020 Fund
The Missouri 2015 Fund is a diversified portfolio of equities and bonds built for investors who anticipate retiring around 2015, typically those born between 1948 and 1952. Review the Missouri 2020 Fund fact sheet.
Missouri 2025 Fund
The Missouri 2025 Fund is a diversified portfolio of equities and bonds built for investors who anticipate retiring around 2025, typically those born between 1958 and 1962. Review the Missouri 2025 Fund fact sheet.
Missouri 2030Fund
The Missouri 2030 Fund is a diversified portfolio of equities and bonds built for investors who anticipate retiring around 2030, typically those born between 1963 and 1967. Review the Missouri 2030 Fund fact sheet.
Missouri 2035 Fund
The Missouri 2035 Fund is a diversified portfolio of equities and bonds built for investors who anticipate retiring around 2035, typically those born between 1968 and 1972. Review the Missouri 2035 Fund fact sheet.
Missouri 2040 Fund
Missouri 2040 Fund is a diversified portfolio of equities and bonds built for investors who anticipate retiring around 2040, typically those born between 1973 and 1977. Review the Missouri 2040 Fund fact sheet.
Missouri 2045 Fund
The Missouri 2045 Fund is a diversified portfolio of equities and bonds built for investors who anticipate retiring around 2045, typically those born between 1978 and 1982. Review the Missouri 2045 Fund fact sheet.
Missouri 2050 Fund
The Missouri 2050 Fund is a diversified portfolio of equities and bonds built for investors who anticipate retiring around 2050, typically those born between 1983 and 1987. Review the Missouri 2050 Fund fact sheet.
Missouri 2055 Fund
The Missouri 2055 Fund is a diversified portfolio of equities and bonds built for investors who anticipate retiring around 2055, typically those born between 1988 and 1992. Review the Missouri 2055 Fund fact sheet.
Missouri 2060 Fund
The Missouri 2060 Fund is a diversified portfolio of equities and bonds built for investors who anticipate retiring around 2060, typically those born in 1993 or after. Review the Missouri 2060 Fund fact sheet.
Missouri 2065 Fund
The Missouri 2065 Fund is a diversified portfolio of equities and bonds built for investors who anticipate retiring around 2065, typically those born in 1998 or after. Review the Missouri 2065 Fund fact sheet.

OPTION 2:

Missouri Stable Income Fund

The stable income fund annualized credited rate effective first quarter 2025 (January 1 – March 31, 2025) is 2.59%.
The stable income fund (also known as "stable value") is a fixed-income, cash-like investment option for those with a low tolerance for risk. It aims to protect your principal balance and allows for steady growth over time without experiencing daily market fluctuations. The stable income rate resets every quarter. The Missouri Stable Income Fund is specifically created for and only available to state of Missouri employees and retirees. In addition, this type of investment option cannot be found in a mutual fund form or available in Individual Retirement Accounts (IRAs).
Voya Investment Management Co., LLC is the manager of the Missouri Stable Income Fund’s assets for the MO Deferred Comp Plan.  The objective of the stable income fund is to outperform the Bloomberg U.S. Aggregate Bond Index, while at the same time, protecting principal. Please note that earnings for the Missouri Stable Income Fund accrue daily and will post to participants' accounts at the end of the month.

OPTION 3:

Self-Directed Brokerage Account

IMPORTANT: Please note that due to enhancements being made to the brokerage account option, new account enrollments are currently disabled. Enrollments will be re-enabled on March 17, 2025.
For those who want to take a more active, hands-on approach, you have the option of opening a Self-Directed Brokerage Account (SDBA) to build your own investment portfolio. Through your brokerage account, you will have access to most individual stocks and bonds, and more than 13,000 mutual funds. There is no charge to open an account. Brokerage services are provided by Charles Schwab1, a registered broker-dealer and member of FINRA/SIPC.
Read the Self-Directed Brokerage Account - Everything You Need to Know! publication for general information and answers to frequently asked questions about the brokerage account option.
The Self-Directed Brokerage Account is for hands-on investors and should not be entered into without an understanding of the available investment options and their associated risks. A participant in the brokerage account bears the ultimate responsibility for selecting investments within this option. The State of Missouri Deferred Compensation Plan and its affiliates will not provide any advice concerning individual investment selections in the Self-Directed Brokerage Account. Prior to using the self-directed brokerage account, you must acknowledge and sign the Waiver for Participation within Account Access.
Access Brokerage Account

Opening Your Brokerage Account

  1. Log on to Account Access.
  2. Click on the Access My Accounts menu item.
  3. Choose Investments from the blue menu on the left side of the page.
  4. Click on Brokerage in the left menu.
  5. Follow the instructions provided (enrollment typically takes less than five minutes to complete).

Managing Your Account

After your account is open, you may make your initial transfer into the SDB through the Manage Funds section of the website or by calling the State of Missouri Deferred Compensation Plan Information Line at 800-392-0925.
Once money is in your brokerage account, you can then invest in the more than 13,000 mutual funds. You may do this by calling the State of Missouri Deferred Compensation Plan Information Line or by calling Charles Schwab directly at 888-393-7272, Monday – Friday, 8:30 a.m. to 6:30 p.m. (except New York Stock Exchange holidays). You must maintain a minimum balance of $500 in the State of Missouri Deferred Compensation Plan and may transfer any remaining plan account balance into the SDBA. You can also direct up to 90% of your investment elections to the SDBA. There is no annual fee to participate in the SDBA, however, transaction fees may still apply. All fees are outlined in the Schwab Pricing Summary document.

CLOSED TO NEW INVESTORS

MOSERS Investment Portfolio (MIP)

IMPORTANT: The MOSERS Investment Portfolio (MIP) Fund was closed to new investors as of July 1, 2017.
The MOSERS Investment Portfolio (MIP) Fund was designed to achieve long-term total returns(comprised of capital appreciation and income). MIP is a diversified portfolio of investments in multiple asset classes, including public equity, public debt, real estate, commodities, emerging markets, private equity, distressed debt, timber, foreign currency transactions, derivative transactions, and hedge funds. The fund is managed by the Missouri State Employees’ Retirement System (MOSERS).

1 - Charles Schwab & Co., Inc. and MissionSquare are not affiliated and are not responsible for the products and services provided by the other. Schwab Personal Choice Retirement Account® (PCRA) is offered through Charles Schwab & Co., Inc. (Member SIPC), the registered broker/dealer, which also provides other brokerage and custody services to its customers.

2 - Missouri Target Date Fund Frequent Trading Policy

The Plan’s Frequent Trading Policy defines frequent trading as “a buy followed by a sell, three times in the same fund during a 90 calendar day period, or as a buy followed by a sell, 10 times in the same fund within a 365 calendar day period.” The buy and sell do not have to be consecutive and only investor-initiated fund transfers are considered in this process. The Plan's record keeper, MissionSquare Retirement, monitors buys and sells across all accounts and all funds that it record keeps, and if frequent trading is detected in a fund(s), they will impose a temporary restriction(s) on transfers into that fund(s) for a period of 180 days. Should frequent trading activity continue, MissionSquare Retirement reserves the right to impose a permanent restriction(s) on transfers into the fund(s) it is detected in. Restrictions only apply to buys, and sells are never blocked.

Missouri Target Date Funds Frequent Trading Policy Questions & Answers

PLEASE NOTE: Some funds listed in the performance, expenses and pricing information can no longer receive transfers in, but can receive contributions as long as those investment allocations were determined and finalized prior to May 1, 2009.

Plan participants that personally signed an opt-out election form to remain in mutual funds that were closed to new investors as of May 1, 2009 invest in these funds at their own risk and are solely responsible for all losses and expenses resulting from that decision. These mutual funds are not a part of the state of Missouri deferred compensation plan’s core fund line-up.

Only the line-up consisting of the Missouri Target Date Funds, Missouri Stable Income Fund and the Self-Directed Brokerage (SDB) can be used to construct new investment allocations. Any alteration of the original 100% of investment allocations will forfeit a participant's ability to continue contributions to the eliminated (frozen) options.

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