State of Michigan 401(k) and 457 Plans

Stable Value Fund

Manager: Voya Investment Management CO. LLC manages the underlying assets for the State of Michigan Stable Value Fund.

Category: Stable Value

Objective: To provide Plan participants with a stable level of current income consistent with conservation of capital.

Strategy: Under normal market conditions, the portfolio will be diversified across a range of fixed income securities, including U.S. Treasuries, residential and commercial mortgage-backed securities, asset-backed securities and corporate bonds, which are rated in the three highest investment grade categories — AAA, AA and A — by a nationally recognized, independent rating organization.

Fund fact sheet

For more information on this investment option, read the article, ‘What is a stable value investment option?’