Choosing Your Investment Options

After learning about the risks and rewards of investing and determining your Investor Profile, you are ready to choose investment options for your OPERS individual account. There are two methods to choose the OPERS Investment Options that make sense for you.

Select a Target Date Fund

OPERS offers 10 target date funds that are professionally managed. They are a one-stop investment option for your long-term retirement planning. They are easy to use because they automatically select the asset allocation of OPERS funds that is suitable for you based on your "target" retirement date or the date you plan to start taking distributions from your account. They offer a mix among stocks, bonds and other investments, and the asset allocation changes and become more conservative as you near retirement.

Build-Your-Own OPERS Portfolio

OPERS offers six funds ranging from lower-risk, income-oriented options to higher-risk, growth-oriented options. Each fund invests in a different asset class. For example, some OPERS funds invest primarily in stocks, while others invest in bonds or stable value securities.

Your may choose one or any combination of the OPERS Investment Options. You may want to build your own portfolio if you understand the basics of investing, are comfortable with managing your investments, and are familiar with the underlying asset classes.

The six OPERS funds are listed below in order of highest to lowest risk/reward:

OPERS Non-U.S. Stock Fund

The fund invests in the common stock of larger companies domiciled outside the United States. These companies may be less scrutinized by professional investors. The fund may experience significant fluctuation of returns including large negative returns, especially over short time periods.


OPERS Small Cap Fund

The fund invests in the common stock of the smaller companies in the United States, which typically do not have diversified sources of revenue. These companies may be less scrutinized by professional investors. The fund may experience significant fluctuation of returns including large negative returns, especially over short time periods.


OPERS Large Cap Fund

The fund may experience significant fluctuation of returns including large negative returns, especially over short time periods. The fund invests in the common stock of the larger companies in the United States, which typically have diversified sources of revenue. These companies should reflect the longer-term economic condition of the United States and offer the opportunity to participate in its potential growth.


OPERS Stock Fund

This fund's objective is to preserve principal, offer attractive yields during all interest rate environments and maintain sufficient liquidity for shareholder's cash flows. The fund invests in a combination of fixed income securities and investment contracts from banks and insurance companies. The fixed income securities can provide attractive yields and the investment contracts can preserve principal by spreading gains and losses over several years.


OPERS Bond Fund

The fund invests in bonds issued by governments and corporations. The interest income from the bonds provides the current yield and the changing price of the bonds causes fluctuation of returns. The fund will experience some fluctuation of returns including potential negative returns, but seeks to offset the fluctuations with consistent interest income.


OPERS Stable Value Fund

This fund's objective is to preserve principal, offer attractive yields during all interest rate environments and maintain sufficient liquidity for shareholder's cash flows. The fund invests in a combination of fixed income securities and investment contracts from banks and insurance companies. The fixed income securities can provide attractive yields and the investment contracts can preserve principal by spreading gains and losses over several years.


More information

Self-Directed Brokerage Account

OPERS offers a mutual fund-only Self-Directed Brokerage Account (SDBA), through Charles Schwab's Personal Choice Retirement Account® (PCRA).

This account allows experienced investors the ability to choose mutual funds outside of the core OPERS investment options. The term “core” refers to all the investment options currently offered by OPERS.