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NestEgg Dow Jones Target Date Funds Add International Segment
American Independence has added international securities to its NestEgg Dow Jones Target Date Funds and has reduced the expense ratios of each of the share classes of the funds.
Reported by Adrien Martin
According to a press release, the funds will now track Dow Jones Target Date Indexes, which are comprised of U.S. and global securities, rather than only tracking U.S. securities’ performance.
NestEgg Dow Jones U.S. Target Date Funds have been renamed The NestEgg Dow Jones Target Date Funds to reflect the change in investment strategy. Each portfolio will feature the target dates 2010, 2015, 2020, 2030 and 2040.
According to the press release, the specific expense ratio reductions are:
- The NestEgg Dow Jones 2010 and 2015 funds will be lowering their expense ratios by 50 basis points;
- The NestEgg Dow Jones 2020 funds expenses will be reduced by 40 basis points;
- The Nest Egg Dow Jones 2030 fund’s expenses will be lowered by 25 basis points; and
- The NestEgg Dow Jones 2040 Fund will be reduced by 20 basis points.
For more complete information on the funds, call 866-410-2006.