IMPORTANT NOTICE TO UPAL RETIREMENT PROGRAM PARTICIPANTS

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Enhancements to UPAL Retirement Program Core Investment Platform  Based on recommendations of the Strategic Investment Advisory Group, independent investment advisors to the UPAL Retirement Program, the UPAL Financial Management Committee and Board of Directors have voted to make certain enhancements to the Core Investment Platform which they believe will benefit Program participants in the future and over the long-term.  These enhancements are as follows: Effective September 1, 2013, the UPAL Core Bond Fund will be diversified by adding an allocation to a high yield strategy and an allocation to an…

Annual Audit of Pooled Funds Now Available

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Annually, UPAL requires an Audit of its Common Collective Pooled Trust Funds which hold retirement plan core assets. If you are a participant in a participating Plan, an investor in the Pooled Funds or a Plan Sponsor and would like a copy of the Audit of the Pooled Funds, please send an email requesting a copy of the Audit to Don Orchard, President/CEO, at dorchard@upal.com or Lea Ann Nunley, Vice President of Retirement Plan Services, at lnunley@upal.com. Upon receipt of your written request, a copy of the Audit will be…

UPAL International Pooled Fund Change

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The UPAL International Pooled Fund is a diversified international equity portfolio comprised of strategies that focus on foreign companies. Recently, the fund added an allocation to a small cap developed market strategy to complement the existing allocations to a large cap developed market strategy and an emerging market strategy. The DFA International Small Company Fund seeks broadly diversified exposure to smaller companies in developed markets outside of the U.S. The fund invests in the following regions: China, Japan, Asia Pacific, United Kingdom, and Europe. The addition of this fund to…

UPAL Alternative Investment Fund Changes

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Alternative investments, broadly defined as any asset beyond traditional stocks and bonds, can be used as a diversification tool in an investment portfolio.  The UPAL Alternative Investment Pooled Fund is an investment option intended to reduce portfolio risk when used in conjunction with traditional asset classes.  Recent changes to the fund included adding small strategic allocations to the iShares COMEX Gold Trust (IAU) and iPath ETN S&P 500 Dynamic VIX (XVZ) funds.  The iShares COMEX Gold Trust provides exposure to gold, which has inflation-protection benefits and also can provide downside…