IBEW-NECA Equity Index Fund

The IBEW-NECA collective investment fund is available to certain tax qualified pension benefit trust funds that, along with other participants, cover: (i) IBEW-represented employees; (ii) employees of the IBEW or of NECA; (iii) employees of entities related to the IBEW or NECA ("Pension Trusts").

The objective of the Fund is to provide investment returns similar to those of the S&P 500 Composite index, which contains the shares of 500 of the largest companies traded. Stocks in the Fund's portfolio are not actively traded, resulting in low fees and expenses.

Features of the Fund include:

  • Diversification
  • Low annual fee (1.5 basis points)
  • Pro-active proxy tracking and voting
  • Minimum initial investment of only $250,000
As of March 23, 2017
Number of Participating Plans 117  
Total Assets $9,436,147,387  
Unit Price $45.4629  
Investment Returns* for periods ending February 28, 2017
Total Return IBEW-NECA Equity Index Fund S&P 500 Index
1 Month 3.97% 3.97%
3 Months 8.02% 8.04%
YTD 5.94% 5.94%
1 Year 24.91% 24.98%
2 Years 8.26% 8.28%
3 Years 10.60% 10.63%
5 Years 13.97% 14.01%
10 Years 7.60% 7.62%
     
2016 11.92% 11.96%
2015 1.39% 1.38%
2014 13.63% 13.69%
2013 32.30% 32.38%
2012 15.95% 16.00%
2011 2.10% 2.11%
2010 15.06% 15.02%
2009 26.39% 26.46%
2008 -36.88% -37.00%
2007 5.50% 5.49%
2006 15.81% 15.80%
*After the deduction of management and custody fees.
Past performance is not necessarily indicative of future results.

The IBEW-NECA Equity Index Fund is not a mutual fund. It is a collective investment fund established by Chevy Chase Trust Company under Maryland banking law, and its units are exempt from registration under the Securities Act of 1933. Investments in the Fund are not deposits, obligations of, or insured by Chevy Chase Trust Company, ASB Capital Management LLC, the United States government, any United States government agencies, or any other institution.

The decision to participate in the Fund must be made by the trustees of each individual plan after reviewing all available information. Neither the IBEW nor NECA is an investment adviser nor an investment manager, and neither organization has any intention of, and shall not be deemed to be, advising any plan or its trustees regarding the making of an investment in the Fund. Moreover, the IBEW and NECA make no representation or warranty, express or implied, as to the results to be obtained by the Fund or any investor in the Fund.

The S&P 500 is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and Standard & Poor’s Financial Services LLC, an affiliate of S&P, and has been licensed for use by Chevy Chase Trust Company and ASB Investment Management, a division of ASB Capital Management, LLC. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Chevy Chase Trust Company and ASB Investment Management, a division of ASB Capital Management, LLC. S&P® or S&P 500® are trademarks of the Standard & Poor’s Financial Services LLC, an affiliate of S&P, and have been licensed for use by SPDJI and Chevy Chase Trust Company and ASB Investment Management, a division of ASB Capital Management, LLC. The IBEW-NECA Equity Index Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or Standard & Poor’s Financial Services LLC, an affiliate of S&P, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500.