The Standard has announced its APEX Series, a new stable value investment product that offers fund options and guaranteed rates through June 2023.
The APEX Series expands The Standard’s existing stable value portfolio by offering returns that reflect the rising corporate and treasury rate environment. “Stable value funds continue to be an attractive investment option in a rising interest rate environment,” says Scott Kaplan, assistant vice president of Institutional Products at The Standard. “The APEX Series offers four compelling stable value solutions for retirement investors seeking to take advantage of the current rate environment, while also benefiting from the security and backing of the strong ratings of The Standard.”
The APEX Series provides a conservative investment approach and consists of four different fund options designed to provide a guaranteed return of principal. Each fund is structured to offer varying rates of return based on its plan-level contract discontinuance provisions:
- APEX Guaranteed Fixed Interest Fund (4.45% Net): Six book value (principal and accumulated interest) installment payments over a five-year period.
- APEX Capital Preservation Income Fund (4.20% Net): Immediate payment at the lesser of book value (principal and accumulated interest) or market value lump sum or elect to receive six book value installment payments over a five-year period.
- APEX Stable Asset Fund (3.90% Net): Immediate payment at the lesser of book value (principal and accumulated interest) or market value lump sum or elect to receive six book value installment payments over a five-year period.
- APEX Guaranteed Rate Stable Value Fund (3.55% Net): Full book value (principal and accumulated interest) payment after a 12-month period.
The APEX Series launched on January 1 and is available through defined contribution (DC) plans such as a 401(k), 403(b), defined benefit, cash balance and others, depending on the fund.
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with over six years of experience and a passion for telling stories and reporting news. Amanda received her degree in journalism and government and politics at St. John’s University. She is originally from Queens, New York, but now resides in Denver, Colorado with her partner. In her free time, Amanda enjoys running, cooking, and watching the latest drama show.
