Stable Value Fund Added to MMBB Investment Options

The Ministers and Missionaries Benefit Board (MMBB) announces its newest investment choice, the Stable Value Fund. The Stable Value Fund is a conservative investment option intended to serve investors looking to safeguard principal or balance out a portfolio with more aggressive investments.

The Stable Value Fund was added to MMBB’s investment portfolio in response to member requests for an investment option with a guaranteed return. The Stable Value Fund meets that objective through a contract issued by Transamerica Financial Life Insurance Company . The investment underlying the contract is a portfolio of high quality fixed income securities.

“Our members asked for an investment option that provides a guaranteed rate of return. The Stable Value Fund allows us to fulfill this request,” explained Sumner M. Grant, MMBB’s executive director. “What makes the Stable Value Fund such a great product is that invested principal and interest are guaranteed by one of the leading insurance companies in the country, and, because the interest rate does not fluctuate during the course of a calendar year, members can count on receiving the same rate all year long.”

Stable Value’s interest rate is declared annually on a calendar year basis and applies to both existing assets and new deposits made during that calendar year. The fund’s current interest rate through December 31, 2010 is 3.5%. As with all of MMBB’s investment options, certain expenses are applied to the investment return. These expenses are estimated at being less than one half of one percent, so members selecting this option will be able to count on a net annual return of approximately 3.0% this year. The rate for 2011 is scheduled to be set on November 30, 2010. For more information on the Stable Value Fund, visit http://www.mmbb.org and click on Fund Options.