Defined Contribution – Investment Only (DC IO) services
The Turner Funds provides Defined Contribution (DC) service providers and DC plan sponsors a diverse selection of No-Load equity funds that mirror our institutional separate account offerings. True to its roots as an institutional investment manager, Turner’s portfolio managers emphasize a “no surprises” approach – seeking to provide style consistency and performance predictability that is important to investors implementing asset allocation and/or emphasizing multiple asset class investing.
In order to meet the diverse needs of DC plan sponsors and DC service providers Turner Funds currently offers two different classes of mutual fund shares – Institutional and Investor shares. The Institutional Class shares are the lowest priced of the two and are designed for DC plan sponsors that are more concerned with overall expense ratio and less concerned with recordkeeping offsets. The Investor Class shares are competitively priced shares, particularly when compared to other funds in their equity style category, and are designed to meet the needs of DC plan sponsors seeking economic offsets in order to help defray the administrative costs of maintaining a plan for participants.
The Turner Funds has a dedicated sales and client service team that stands ready to respond to questions you may have or services that are needed to get started. To learn more about Turner’s experience and capabilities within the defined contribution plan market please contact us today
If you are an institutional consultant interested in learning more about strategies offered on a separate account basis or if you have questions about the Turner Funds please contact the following individuals at Turner Investment Partners.
If you are a participant in a Defined Contribution plan and you are interested in learning more about the Turner Funds please click here.
DC Plan Participants
The Turner family of funds provides a broad selection of equity investment products to individuals within defined contribution plans seeking an “institutional” style of management. By investing in the Turner funds, you join an elite group of institutional investors who, with a minimum account size of $10 million, have chosen Turner to manage their assets.
True to its roots as an investment manager for pension plans, endowments, and other institutions, Turner’s portfolio managers emphasize a “no surprises” approach – seeking to invest within the lines of their investment objective, within the sector weightings reflected in their benchmarks, and with a commitment to communicate with investors openly and often about both Turner’s strategy and the overall investment climate.
For details on Turner funds that may be available within your plan, please contact your Human Resources and/or Defined Contribution Plan representative.
Institutions
Turner opened for business in 1990 to serve institutions, and it’s still our primary business. We offer separately managed accounts (individual portfolios) for a range of institutions, such as corporations, foundations, endowments, educational and non-profit enterprises, public-employee retirement systems, and Taft-Hartley plans. Those accounts are invested in growth stocks, value stocks, and core stocks (a blend of growth and value stocks) in designated capitalization segments, from micro-cap stocks to large-cap stocks. We apply asset limits to our portfolios before they get too big, believing that such a practice is in the best interest of our institutional clients.
Consultants | Corporate/Endowment/Foundation/Public Plans |
Taft-Hartley | Defined Contribution
Sub-Advisory
Turner Investment Partners provides Sub-Advisory investment services to a number of the largest and most prominent financial service organizations in the world. Sub-advising funds for others has always been a priority for the firm because it allows us to focus on what we believe we do well; that is, provide a highly specialized form of “style pure” equity management to clients. Today, sub-advising funds for others represents approximately 1/3 of our overall client assets under management and encompasses more than two dozen strategic partners.
The Turner IDG National Account team is responsible for marketing the firms investment management capabilities to prospective sub-advisor clients. We also work jointly with our institutional client service team to provide ongoing sales and marketing support to clients that are actively engaged in marketing their investment products to institutional and high net worth investors.
Our sub-advisory client base includes mutual funds, variable annuity/insurance series funds and a variety of different commingled and collective funds. The Turner investment approach is an institutional approach that emphasizes disciplined portfolio construction (style purity), communication (no surprises), and a sector-focused research team of experts. We believe our investment strategies work well within a multi-manager solution as well as single manager fund offering.
Financial Institutions interested in learning more about our investment strategies, experience and capabilities within the sub-advisory market please contact us here.
Financial Advisors
The Turner Funds provides Financial Advisors a diverse selection of institutional and retail no-load fund offerings. Each fund mirrors an institutional separate account strategy that is managed by the same portfolio management team. The firm emphasizes a “no surprises” approach - seeking to providing clients with superior investment performance and the highest degree of client of service. Clients that have found our approach attractive include:
- Independent Registered Investment Advisors
- Private Wealth Management firms
- Multi-Family Office firms
- Bank Trust Divisions
Hallmarks of the firms investment approach includes style consistency and performance predictability that works well with sophisticated investors implementing an institutional form of asset allocation. To learn more about Turner’s experience and capabilities offered to Financial Advisors please contact us today.
Turner Investment Partners, Inc., which serves as the advisor to the Turner Funds, has a dedicated team of sales and client service professionals that stand ready to meet the unique need of Financial Advisors. On a quarterly basis, the team provides the following information via its website:
- Portfolio Manager commentary
- A Summary of portfolio performance, characteristics and holdings
- Holdings based portfolio attribution by sector and security
The material is designed to provide clients with meaningful information which summarizes why a fund performed the way it did over the most recent period and to assist with ongoing fund monitoring activities.
The data may also be used by prospective clients to learn more about the Turner Funds during their due diligence process. Both existing as well as prospective clients interested in a deeper level of a funds performance and/or positioning may obtain a more comprehensive package of information upon request. Portfolio managers may also be available via conference call and/or personal meetings when available.
In order to meet the diverse needs of Financial Advisors the Turner Funds offers two different classes of mutual fund shares:
Institutional Class shares
$100,000 Initial investment minimum when purchased on a MF supermarket platform.
$250,000 initial investment when purchased directly with Turner Funds.
Investor Class shares
$2,500 Initial investment minimum when purchased on a MF supermarket platform or directly with Turner Funds.
The Institutional Class shares are designed for Financial Advisors and their clients that able to meet the higher initial investment and desire the lowest cost class of shares. The Institutional Class shares are available through the Transaction Fee platforms of all major Mutual Fund Supermarkets. Financial Advisors may also purchase Institutional Class shares on behalf of their clients directly from the Turner Funds.
The Investor Class shares are designed for Financial Advisors and their clients that desire a competitively priced share class but are not able to meet the higher initial investment minimums. The Investor Class shares are available through the Non-Transaction Fee platforms of all major Mutual Fund Supermarkets.
The Turner Funds has a dedicated sales and client service team that stands ready to respond to questions you may have or services that are needed to get started. To learn more about Turner’s experience and capabilities please contact us today.