Q. Why do the L Funds have a greater percentage in the I Fund versus the S Fund? The I Fund 10-year composition is 3.20 percent versus S Fund’s 8.03 percent. What got my curiosity is the year-to-date returns: I Fund at 1.42 percent versus S Fund at 15.27 percent.
A. I didn’t design the L Funds, so I can’t say for sure. But, I can tell you — with absolute certainty — that the reason has absolutely nothing to do with the year-to-date returns for the S and I funds.
