Make a bigger impact with our socially responsible fund: the Reform Jewish Values Fund based on values upheld by the CCAR, URJ, and CSA. Click here to learn more about the fund.


RPB offers Tier 1 Managed Funds and Tier 2 Self-Directed Funds to provide investors of all types with the flexibility to build a nest egg that will meet their specific goals and needs. Your own interest in and knowledge of investing, as well as desire to align your investment with your values, will help you decide which funds are right for you.

To make or change investments, log into InfoExpress, and click “Change My Investments.”

Explore our Guide to RPB Investment Choices.

Investment Choices, Fact Sheets, Fees

You can use the following information to help decide which funds are right for you. Click on the fund name to view the fact sheet and explore our Guide to RPB Investment Choices to learn more about each fund.

Tier 1: Managed Funds
If you don’t want to make regular investment decisions, you might choose one or more of the managed funds in Tier 1, which are designed to meet various retirement savings goals.

Fund Objective Fee
Capital Appreciation Fund Seeks asset growth 0.51%
Appreciation and Income Fund Seeks asset growth and income 0.42%
Income Focused Fund Seeks to generate income 0.30%
Capital Preservation Fund Seeks stability of principal 0.35%
Capital Preservation Fund – Rabbi Trust Seeks stability of principal 0.20%
Summary of Holdings by Fund

 

Tier 2: Self-Directed Funds
If you have the knowledge and interest to make your own asset allocation decisions—or if you work with a professional financial advisor—you might choose to put your savings into the Tier 2 funds which represent a selection of asset classes, such as stocks, bonds, and real estate.

Fund Objective Fee
RPB Reform Jewish Values Fund Seeks asset growth 0.15%
Vanguard Institutional Index Fund (S&P 500) Seeks asset growth 0.02%
Vanguard Developed Markets Index Fund (International) * Seeks asset growth 0.07%
Vanguard Small-Cap Index Fund * Seeks asset growth 0.06%
Vanguard Emerging Markets Index Fund * Seeks asset growth 0.14%
Vanguard Short-Term Bond Index Fund * Seeks to generate income 0.07%
Vanguard Short-Term Inflation-Protected Securities Index Fund * Seeks to generate income and guard against inflation 0.07%
Vanguard Total Bond-Market Index Fund * Seeks to generate income and moderate asset growth 0.05%
Vanguard Intermediate-Term Corporate Bond Index Fund * Seeks to generate income 0.07%
Vanguard Real Estate Index Fund Seeks to generate income and asset growth 0.10%

* NOTE: As of January 8, 2019, seven Vanguard funds will change from the “Admiral” to the “Institutional” share class which has a lower expense ratio (investment management fee). A lower expense ratio will reduce the amount you pay in fees for investing in the fund. The new share class has the identical investment objective and strategy as the current share class. You can download the Institutional share class fact sheets here.

Other Fees

All plan participants pay the following administrative fee for both Tier 1 and Tier 2 funds:

RPB Administration Fee 0.20%
Custody, Record Keeping, and Investment Consulting Fee 0.07%

 


For more information, check out the Guide to RPB Investment Choices.

Jewish Values Alignment

RPB’s Jewish Values Investing (JVI) Policy is the approach we’ve used for years to integrate socially responsible factors, as well as support of Israel, into our investment process. We offer a range of investments that vary in their social impact focus. The Reform Jewish Values (RJV) Fund is our strongest vehicle for environmental, social and governance (ESG) investing.

Fund Spotlight: Reform Jewish Values Fund

For plan participants who want to align their retirement investments with their Jewish values, we offer the Reform Jewish Values (RJV) Fund. This is our strongest vehicle for putting your investment dollars to work toward building a better world.

Review the RJV Fund participant brochure.

Overview

The RJV Fund–a globally diversified stock fund–is a groundbreaking demonstration of RPB’s Jewish Values Investing Policy. The fund’s holdings are guided by the resolutions of the:

  • Central Conference of American Rabbis (CCAR)
  • Union for Reform Judaism (URJ)
  • Commission on Social Action of Reform Judaism (CSA)

To create the fund, RPB partnered with Aperio Group, a pioneer in designing custom portfolios, including socially responsible investing (SRI) funds.

The fund uses investment screening–the process of selecting companies to invest in based on certain criteria–to incorporate the following environmental, social, and governance, or ESG, priorities of the Reform Movement into the portfolio:

Exclusions Positive Tilts
  • Tobacco
  • Companies operating in Sudan
  • Predatory lending
  • Civilian firearms
  • Landmines & cluster munitions
  • Coal & consumable fuels
  • Board accountability
  • Human rights
  • Reproductive rights
  • Labor
  • Diversity
  • Sexual orientation
  • Stem cell research
  • Environment & climate change
  • Clean technology & low carbon footprint
  • Support for Israel

Performance

The RJV Fund’s performance is measured against its benchmark, the MSCI ACWI (All Country World Index), a global index that captures large- and mid-cap stocks across 23 developed markets and 24 emerging markets. The index represents approximately 85% of the global equity investment opportunity set.

To achieve the alignment with Reform Jewish values, the RJV Fund’s holdings may differ from its benchmark. As such, returns are expected to be within plus or minus 2.16%* approximately 90% of the time.

For more information, see the RJV Fund Fact Sheet.

*As of inception of the fund and may vary slightly over time.

Portfolio

Investment Objective: Long-term principal growth

The Reform Jewish Values Fund seeks growth through investing in stocks of large- and mid-capitalization companies located throughout all major regions of the world (i.e. developed and emerging markets including the United States). It uses strategies that reduce or eliminate companies whose business practices don’t adhere to the ESG principles in the URJ/CCAR/CSA resolutions, and tilt toward companies with better-performing ESG practices and exposure to Israel.

Want to read more? Download our participant brochure and watch our introductory webinar.

Characteristics of the Portfolio:

MCSI ACWI RJV Fund
No. of Holdings 2,790 302
Beta (volatility) 1.00 1.00
Tracking Error 0.00 1.15
Social Score* ~ 30% higher
Israel Exposure Score** 2x higher
Clean Technology Solutions Exposure 3x higher
Carbon Footprint 80% lower

Aperio updates its database annually and rebalances its SRI portfolios quarterly to ensure that they continue to achieve the targeted Social Scores. RPB will review and incorporate new Reform Movement resolutions annually.

*The weighted-average RPB Social Score is specific to the MSCI ACWI and may adjust slightly per comparison index.

**Israel is a small percentage of the MSCI ACWI’s investable equity opportunity set.

Fee & Fact Sheet

Fee: 0.15%

Click below to download the RJV Fund Fact Sheet.

Video


Webinar
Watch our webinar introducing the RJV Fund:


D’var Torah
Read a D’var Torah by Rabbi Howard Shapiro, Vice Chair of RPB’s Board of Trustees and Chair of the RPB Values Task Force, on the introduction of the Reform Jewish Values Fund.

You can also read a printer-friendly version here.

Monthly Tier 1 Performance Results