Voya Index Solution Portfolios

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Voya Index Solution Portfolios"

Transcription

1 Voya Index Solution Portfolios The Target-Date Choice to Help Keep Retirement Goals on Track Holistic Retirement Solution Sophisticated Glide Path Design Passively Managed Funds Not FDIC Insured May Lose Value No Bank Guarantee I N V E S T M E N T M A N AG E M E N T

2 Holistic Retirement Solution: Helping Participants Keep What They ve Earned Most participants seek two things from their retirement plan investments: the ability to maintain their lifestyle in retirement while not outliving the accumulated assets. Voya s Index Solution Portfolios are designed to specifically balance the evolving risk-return profiles of participants as they age to maximize the probability of a successful retirement. Individuals investing in a target date fund within their workplace defined contribution (DC) retirement plan feel more confident about investing and meeting their retirement goals than those that don t use target date funds, according to survey results from Voya Investment Management. In the survey, Participant Preferences in Target Date Funds: Fresh Insights, 1 nearly two-thirds (63%) of target date fund (TDF) investors felt confident they would meet their retirement goals. In comparison, just under half (48%) of non-tdf investors felt confident about their retirement savings. Further reinforcing this confidence among TDF investors is the survey s finding that two-thirds (67%) felt they could turn their plan savings into an income stream at retirement, compared with just 46% of non-tdf investors. Overall, three-fourths (75%) of plan participants using TDFs reported that the investments alleviated the stress of retirement planning, increased their confidence that they were making good investment decisions (75%), and helped them feel more assured they could meet their retirement income goals (72%). One Solution for the Different Stages of a Participant s Savings Life Life Stage Young Savers (<40) Mid-Career (40 55) Nearing Retirement (55 65) In Retirement (>65) Key Objective Maximize wealth accumulation Reduce investment risk as savings grow Reduce volatility to preserve assets Protect assets and generate income that lasts as long as one lives Key Risks Not saving enough Volatility or low returns Significant capital losses and inflation Income needs outstrip assets Voya Index Solution Portfolios Maximize equity exposures to give you a head start on accumulating for retirement Slowly and steadily reduce equity exposure over time taking into account market conditions Continue to trim exposure to risky assets such that most conservative allocation occurs at retirement Diversify and actively manage asset mixes to lead to potentially greater income stability 1 Voya Investment Management, Participant Preferences in Target Date Funds: Fresh Insights, January Voya Investment Management conducted an online survey of 1,005 employer-sponsored retirement plan participants in September Of the respondents, 502 invested in a TDF within their plan while 503 did not. All respondents to the survey were currently contributing to an employer-sponsored defined contribution plan, were age 25 or older, and were the primary/joint financial decision maker for their account. The survey included plans of all employer sizes. The data has been weighted by household income, age and gender, among other variables, to more closely represent the demographics of the general retirement plan population. To prevent bias, Voya Investment Management was not identified as the sponsor of this research. 2

3 Voya Index Solution Portfolios Help Participants Overcome Common Obstacles to Successful Retirement Investing Retirement investors encounter a number of behavioral hurdles that threaten the success of an investment program. These include: Decision Paralysis. Faced with what appears to be a never-ending series of investment decisions, many plan participants choose the easiest course of action by doing nothing the worst option of all. Complacency. After an initial allocation to their retirement plan, participants often neglect their portfolios, which over time can result in asset allocations ill-suited to their changing risk profile. Emotional Influence. Research shows that participants despite their best intentions tend to get into and out of the market at very inopportune times based on emotion or by following the herd. The Emotional Impact of Investing Point of Maximum Financial Risk Peak Recovery Prosperity Thrill Euphoria Anxiety Thrill Euphoria Excitement Denial Excitement Economy Optimism Fear Optimism Desperation Relief Panic Hope Capitulation Depression Contraction Point of Maximum Financial Opportunity Expansion Time Source: Voya Investment Management This chart is for illustrative purposes only and does not represent an actual investment or the performance of any specific investment. 3

4 Voya Index Solution Portfolios are designed to help participants overcome these obstacles, relieving them of the guesswork and anxiety that can accompany retirement investing. Simple and Effective. Voya Index Solution Portfolios are designed to simplify retirement investing, with an all-in-one, fully managed portfolio that evolves with investors needs. Actively Managed. Our team of experienced portfolio managers automatically adjusts the portfolios strategic exposures as participants move through their careers, including tactical adjustments to manage risks in changing market conditions. Diversified. Voya invests in passive funds across asset classes to create diversified portfolios based on a participant s retirement date and risk profile. Voya Index Solution Portfolios are managed by our Multi-Asset Strategies and Solutions team following a rigorous and proven process to guide retirement assets to and through retirement. Disciplined Portfolio Construction Glide Path Research and Construction Active Asset Allocation Forward looking long-term forecasts are made to construct portfolios that may outperform over the next market cycle The portfolios are adjusted based on shorter term market opportunities or risks Manager Selection and Portfolio Construction Funds are chosen to represent the asset classes and styles within an overall portfolio Passively managed strategies are utilized Portfolio Implementation and Risk Management Investment decisions are translated into the portfolios in a cost effective and consistent manner Disciplined rebalancing process designed to control risks and support investment performance Glide path seeks to optimize the equity allocation for participants at each point in time Average Participant s risk tolerance, expectations and actual behaviors are taken into account 4

5 Sophisticated Glide Path Design: Maximizing Accumulation Potential in the Early Years, Protecting Wealth in the Later Years In general, younger participants can afford to take on more investment risk in exchange for greater potential returns. Of course, the opposite is also true; as participants approach retirement, risk profi les must grow more conservative in order to protect the accumulated wealth. The manner in which a portfolio adjusts to this change in risk tolerance over time is known as its glide path and is a key differentiating feature among the many available target date funds and a primary determinant of their returns and volatility. Voya Index Solution Portfolios maximize asset accumulation in the early years of participants careers, taking aggressive equity positions. The portfolios shift emphasis to asset protection in later years, reducing risk and ultimately reaching their most conservative equity allocation of 35% at retirement to help investors hold onto what they have accumulated in a lifetime of saving. A Portfolio that Adjusts as Your Career Progresses Percentage of Portfolio Early Career Mid Career Pre-Retirement Retirement 100% Fixed Income Aggressive equity allocation early in career Reduction of equities aligned with changing risk profile Accelerated risk Conservative allocation reduction in critical Equity in retirement pre-retirement years Retirement Years Before Retirement Date Years After Retirement Source: Voya Investment Management This chart is for illustrative purposes only and may not refl ect the current allocations of the Voya Index Solution Portfolios. This illustration is intended to show how the Voya Index Solution Portfolios transition over time. The Importance of a Conservative Allocation Near Retirement Impact of a 20 Loss at Different Ages Ending Value at Retirement $800,000 $600,000 $400,000 $200,000 $0 $773,788 20% Loss at Age 25 Source: Voya Investment Management $678,313 20% Loss at Age 40 $600,826 20% Loss at Age 60 As retirement approaches, the ability of a participant s portfolio to withstand market shocks dramatically diminishes, as the balances are greater and the time frame in which to recover from losses is shorter. As the chart to the left demonstrates, a 20 loss at age 25 can be recovered a lot easier than the same loss at age 60. This hypothetical example is for illustrative purposes only. The chart assumes a 40-year career beginning at age 25 with a salary of $35,000, annual wage growth of 3, a contribution rate of 9 and an average annual return of 6 (except in the year of the 20 loss). 5

6 Portfolio Allocations for Each Stage of Retirement Planning Effective glide path design entails more than just adjusting a portfolio s weighting to equities and fixed income. To optimize asset allocation throughout participant life cycles, we drill down into sub-asset classes to identify those investments best suited for participant needs at that point in the life cycle. We believe our investments across a broad range of risk premiums can potentially increase risk-adjusted returns over the long term and enhance our ability to manage varying risks. A properly diversified portfolio can dampen the effects of this asset class performance volatility, which is critical in the context of a target date fund built to accumulate and preserve assets. At the beginning of participants careers, the Voya Index Solution Portfolios not only take on an outsized allocation to equities, they also invest more in riskier equity classes such as U.S. small cap and emerging markets; despite the greater potential for short-term volatility, these investments are likely to earn a greater market risk premium given the sufficiently long time horizon. In contrast, as participants move closer to retirement, the need to preserve wealth becomes more important than accumulating wealth. We address this concern not only by reducing equity exposure but also by shifting assets into less volatile asset classes while also emphasizing income-producing asset classes like high yield and other credit, as well as shorter-term inflation hedges, such as senior loans. Less Risk Through Broader Diversification 100% Percentage of Portfolio Fixed Income 20 Equity Equity U.S. Large Cap U.S. Mid Cap U.S. Small Cap International Years Before Retirement Emerging Markets U.S. Real Estate Global Real Estate Commodities Retirement Date Fixed Income Core Fixed Income High Yield Senior Debt Short Duration After Retirement There is no guarantee that a diversified portfolio will outperform a non-diversified portfolio. 6

7 Voya Investment Management Has a Leading Team in Asset Allocation Drawing on years of experience and an ongoing commitment to reliable investing, Voya Investment Management has the resources and expertise to help long-term investors achieve strong investment results. Voya Investment Management has been selecting and monitoring managers in asset allocation portfolios for more than 26 years. Our Multi-Asset Strategies and Solutions (MASS) team applies a process that incorporates numerous checks and balances to help maximize market opportunities while minimizing unnecessary risk. The MASS team consists of 25 dedicated investment professionals employing a rigorous investment process for the Voya Index Solution Portfolios that combines quantitative and fundamental analysis, including macroeconomic forecasting, proprietary optimization techniques and multiple layers of risk management. The team s experience spans domestic and international markets as well as non-traditional asset classes. Multi-Asset Strategies and Solutions Paul Zemsky, CFA, Senior Managing Director CIO of MASS Custom Portfolio Management Strategy Research Strategy Design Team Portfolio Implementation Management Risk Monitoring Rebalancing Cash Management Input Alpha Drivers Investment Services Asset Allocation Manager Research Client Reporting Communication Support 7

8 Voya Investment Management Equity Fixed Income Multi-Asset Strategies & Solutions Voya Investment Management is the asset management arm of Voya Financial, a leader in retirement services and investing. Our investment platform has been carefully built to help meet the long-term needs and goals of our clients, supported by more than 200 investment professionals. Our deep understanding of managing risk exposure and capturing unrecognized investment potential through intense fundamental research and skilled portfolio construction has delivered a consistency of results across continuously evolving market cycles. Today, we are proud to manage more than $219 billion in assets for investors. 1 82% of our assets outperformed their benchmark or peer median on a 3-year basis. 2 87% of our assets outperformed their benchmark or peer median on a 5-year basis. 2 86% of the time our portfolios outperformed their benchmark on a rolling 3-year basis. 3 Past performance does not guarantee future results. 1 As of 03/31/17, Voya IM assets of $219 billion include proprietary insurance general account assets of $89 billion calculated on a market value basis. Voya IM assets, as reported in Voya Financial, Inc. SEC fi lings, include general account assets valued on a statutory book value basis and total approximately $213 billion. 2 Metrics presented use pre-determined criteria to measure each individual investment product based on its ability to either A) rank above the median of its peer category; or B) outperform its benchmark index on a gross-of-fees basis. Generally speaking, the results for unconstrained, fully-active investment products were based on relevant peer category rankings while those of enhanced index, rules-based, risk-constrained, or client-specifi c investment products were based on benchmark-relative performance. Metrics are calculated on an annualized basis and includes mutual funds as well as pooled and separately-managed institutional portfolios that fall within our traditional (long-only) commercial book of business that remain open as of 03/31/17. If terminated and other accounts had been included, results may have differed from that shown. 3 Metrics are based on observations of rolling 3-year annualized returns over the last 30 months, calculated on an annualized, gross-of-fees basis, and includes mutual funds as well as pooled and separately-managed institutional portfolios that fall within our traditional long-only commercial book of business that remain open as of 03/31/17. If terminated and other accounts had been included, results may have differed from that shown. Source of performance returns and peer medians is Voya Investment Management but is based in part on data from Morningstar (mutual funds) and evestment (institutional composites). Further detailed information regarding these calculations is available upon request. A reliable partner committed to reliable investing For more information on Voya Index Solution Portfolios, contact your Financial Professional or visit Variable insurance products and retirement programs are long-term investments designed for retirement purposes. If withdrawals are taken prior to age 59 ½, an IRS 10% premature distribution penalty tax may apply. Money taken from the annuity will be taxed as ordinary income in the year the money is distributed. An annuity does not provide any additional tax deferral benefit, as tax deferral is provided by the plan. Annuities may be subject to additional fees and expenses to which other tax-qualified funding vehicles may not be subject. However, an annuity does provide other features and benefits, such as lifetime income payments and death benefits, which may be valuable to you. Variable investments, of any kind, are not guaranteed and are subject to investment risk including the possible loss of principal. The investment return and principal value of the security will fluctuate so that when redeemed, may be worth more or less than the original investment. In addition, there is no guarantee that any variable investment option will meet its stated objective. All guarantees are based on the financial strength and claims paying ability of the issuing insurance company, who is solely responsible for all obligations under its policies. Insurance products, annuities and retirement plan funding issued by (third party administrative services may also be provided by) Voya Retirement Insurance and Annuity Company (Windsor, CT). Securities are distributed by Voya Financial Partners, LLC (member SIPC), Windsor, CT or through other broker/dealers with which it has selling agreements. Annuities may also be issued by ReliaStar Life Insurance Company (Minneapolis, MN), Voya Insurance and Annuity Company (Des Moines, IA) and ReliaStar Life Insurance Company of New York (Woodbury, NY). Variable annuities issued by ReliaStar Life Insurance Company are distributed by Voya Financial Partners, LLC. Variable annuities issued by Voya Insurance and Annuity Company and ReliaStar Life Insurance Company of New York are distributed by Directed Services, LLC. Only Voya Retirement Insurance and Annuity Company and ReliaStar Life Insurance Company of New York are admitted and issue products in the state of New York. There is no guarantee that any investment option will achieve its stated objective. Principal value fluctuates and there is no guarantee of value at any time, including the target date. The target date is the approximate date when an investor plans to start withdrawing their money. When their target date is reached, they may have more or less than the original amount invested. For each target-date portfolio, until the day prior to its target date, the portfolio will seek to provide total returns consistent with an asset allocation targeted for an investor who is retiring in approximately each portfolio s designated target year. On the target date, the portfolio will seek to provide a combination of total return and stability of principal. Stocks are more volatile than bonds, and portfolios with a higher concentration of stocks are more likely to experience greater fluctuations in value than portfolios with a higher concentration in bonds. Foreign stocks and small- and mid-cap stocks may be more volatile than large-cap stocks. Investing in bonds also, entails credit risk and interest rate risk. Generally investors with longer timeframes can consider assuming more risk in their investment portfolio. You should consider the investment objectives, risks, and charges and expenses of the variable product and its underlying fund options carefully before investing. The prospectuses contain this and other information regarding the variable product and its underlying fund options and can be obtained by contacting your local representative, by calling (800) or visiting Please read the information carefully before investing Voya Investments Distributor, LLC 230 Park Ave, New York, NY All rights reserved. (800) Individual Investors (800) Investment Professionals Not FDIC Insured May Lose Value No Bank Guarantee BSIG-INDXSOLPORT IM

Voya Target Retirement Fund Series

Voya Target Retirement Fund Series Voya Target Retirement Fund Series The Target Date Choice to Help Keep Retirement Goals on Track Holistic Retirement Solution Sophisticated Glide Path Design Open Architecture Approach Blend of Active

More information

Attractive option for college saving

Attractive option for college saving Tomorrow s Scholar 529 Age-Based Portfolios Attractive option for college saving... connecting to the future Not FDIC Insured May Lose Value No Bank Guarantee INVESTMENT MANAGEMENT Introduction The goal

More information

Voya Target Date: A Holistic Approach to Target Date Design

Voya Target Date: A Holistic Approach to Target Date Design Voya Target Date: A Holistic Approach to Target Date Design Paul Zemsky, CFA Chief Investment Officer, Multi-Asset Strategies and Solutions Jody Hrazanek Head of Strategy Design and Implementation Halvard

More information

Improve your employees retirement readiness by mapping to target date funds.

Improve your employees retirement readiness by mapping to target date funds. DC Insights The Value of Mapping to Target Date Funds Improve your employees retirement readiness by mapping to target date funds. 1 Participant benefits Turn a Fresh Start for Your Plan Into a Head Start

More information

A dynamic approach to investing

A dynamic approach to investing Portfolio Stabilizer funds available with a RiverSource variable annuity A dynamic approach to investing Issued by RiverSource Life Insurance Company, and in New York by RiverSource Life Insurance Co.

More information

Risk Managed Global Multi-Asset Portfolios Client Guide

Risk Managed Global Multi-Asset Portfolios Client Guide Risk Managed Global Multi-Asset Portfolios Client Guide Invest for More Consistent Returns Over Time ANNUITIES VARIABLE Not for use in the state of New York. All guarantees are subject to the claims-paying

More information

Strategies for staying on track. Prepare yourself for the journey ahead

Strategies for staying on track. Prepare yourself for the journey ahead Strategies for staying on track Prepare yourself for the journey ahead TIAA and you: Working together to pursue a financially secure future At TIAA, our mission is simple: We re here to help our customers

More information

Self-Directed Management Platform

Self-Directed Management Platform Self-Directed Management Platform Client Focused Investment Solutions Research Driven Risk Monitored Investing Made Simple Professional Investment Management for all your investment needs and goals. BM012016

More information

PRUDENTIAL DAY ONE SM FUNDS

PRUDENTIAL DAY ONE SM FUNDS PRUDENTIAL DAY ONE SM FUNDS Preparing for the first day of retirement, and all the days thereafter with target date funds Prudential Day One Funds are offered through Prudential Retirement Insurance and

More information

Retirement Guide: Saving and Planning

Retirement Guide: Saving and Planning Retirement Guide: Saving and Planning It s Never Too Early to Start What You Need to Know About Saving for Retirement Many of us don t realize how much time we may spend in retirement. In fact, statistics

More information

See Target Date Solutions FROM A WHOLE NEW PERSPECTIVE

See Target Date Solutions FROM A WHOLE NEW PERSPECTIVE See Target Date Solutions FROM A WHOLE NEW PERSPECTIVE Let s face it: These days, the retirement landscape is getting increasingly more complex. Participants are living longer. New fiduciary realities

More information

JPMorgan SmartRetirement Blend Funds

JPMorgan SmartRetirement Blend Funds NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE JPMorgan SmartRetirement Blend Funds Class R6 shares are only available through a retirement plan; other share classes are available Simplify the path

More information

A powerful combination: Target-date funds and managed accounts

A powerful combination: Target-date funds and managed accounts A powerful combination: Target-date funds and managed accounts Summer 2016 Executive summary Salt and pepper Rosemary and thyme Cinnamon and nutmeg Great chefs often rely on classic combinations to create

More information

Investment Management Philosophy

Investment Management Philosophy Investment Management Philosophy Executive Overview The investment marketplace has grown increasingly complex and unpredictable for individual investors. This reality may make it difficult for many people

More information

Target-date strategies: Putnam Retirement Advantage Funds

Target-date strategies: Putnam Retirement Advantage Funds Target-date strategies: Retirement Advantage Funds Q3 17 Retirement Advantage Funds Featuring a distinctive glide path to pursue better risk-adjusted returns for retirement investors. For dealer use only.

More information

IBM 401(k) Plus Plan. Individual Fund Flyer Conservative Fund

IBM 401(k) Plus Plan. Individual Fund Flyer Conservative Fund IBM 401(k) Plus Plan Individual Fund Flyer Conservative Fund This investment option is a unitized fund and not a mutual fund and as such is not registered with the Securities Exchange Commission (SEC).

More information

Target Date Glide Paths: BALANCING PLAN SPONSOR GOALS 1

Target Date Glide Paths: BALANCING PLAN SPONSOR GOALS 1 PRICE PERSPECTIVE In-depth analysis and insights to inform your decision-making. Target Date Glide Paths: BALANCING PLAN SPONSOR GOALS 1 EXECUTIVE SUMMARY We believe that target date portfolios are well

More information

Schwab Target Date Funds. So you can enjoy today We help you invest for your future

Schwab Target Date Funds. So you can enjoy today We help you invest for your future Schwab Target Date Funds So you can enjoy today We help you invest for your future Schwab Target Date Funds All-in-one portfolio solution. More time for you. Schwab Target Date Funds are diversified mutual

More information

What Matters Most. The Case for Active. Risk Management

What Matters Most. The Case for Active. Risk Management What Matters Most The Case for Active Risk Management Investors Know Their Priorities The first priority is usually I don t want to lose my money. This would probably explain why risk management featured

More information

BlackRock. LifePath Index Funds. An index-based Target Date approach, designed to help keep retirement savings on track

BlackRock. LifePath Index Funds. An index-based Target Date approach, designed to help keep retirement savings on track BlackRock LifePath s An index-based Target Date approach, designed to help keep retirement savings on track John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York

More information

TARGET DATE FUNDS: LOOK LONG AND HARD

TARGET DATE FUNDS: LOOK LONG AND HARD MFS White Capability Paper Series Focus Month July 2017 2012 Authors TARGET DATE FUNDS: LOOK LONG AND HARD Ryan Mullen MFS Senior Managing Director, Head of Defined Contribution Investments Peter A. Delaney,

More information

Investment Guide. Explore new possibilities for diversified investing. MEMBERS Life Insurance Company

Investment Guide. Explore new possibilities for diversified investing. MEMBERS Life Insurance Company M E M B E R S H O R I Z O N Guide Explore new possibilities for diversified investing MEMBERS Life Insurance MHA-1449442 NOT FDIC/NCUA/NCUSIF INSURED NOT BANK OR CREDIT UNION GUARANTEED MAY LOSE VALUE

More information

Early on, your needs were simple. The memory of

Early on, your needs were simple. The memory of Client Guide Early on, your needs were simple. The memory of investing your first hard-earned dollars is etched in your mind. As you established yourself and began to experience success, your needs changed.

More information

Investor Guide RiverSource Strategic Allocation Fund

Investor Guide RiverSource Strategic Allocation Fund Investor Guide RiverSource Strategic Allocation Fund Professional asset allocation, disciplined investment approach. Insightful Solutions for Today s Investor. Your life shouldn t revolve around your investments.

More information

MANAGE PORTFOLIO VOLATILITY THROUGH DYNAMIC ASSET ALLOCATION

MANAGE PORTFOLIO VOLATILITY THROUGH DYNAMIC ASSET ALLOCATION QS Legg Mason Dynamic Multi-Strategy VIT Portfolio Share class (Symbols): Class I (QDMSIX/52467M793), Class II (QDMSTX/52467M785) MANAGE PORTFOLIO VOLATILITY THROUGH DYNAMIC ASSET ALLOCATION A portfolio

More information

Diversified Managed Allocations

Diversified Managed Allocations Diversified Managed Allocations Multi-strategy portfolios with a focus on flexibility Is this program right for you? DMA is designed for investors who: Want experienced, professional money managers to

More information

Mount Holyoke College Defined Contribution Retirement Plan. A guide to Asset Allocation

Mount Holyoke College Defined Contribution Retirement Plan. A guide to Asset Allocation Mount Holyoke College Defined Contribution Retirement Plan A guide to Asset Allocation The Mount Holyoke College Defined Contribution Retirement Plan (Plan) is designed to help you save and invest money

More information

Brokerage Management Platform

Brokerage Management Platform Brokerage Management Platform Client Focused Investment Solutions Research Driven Risk Monitored Investing Made Simple Professional Investment Management for all your investment needs and goals. BM012016

More information

Invest now to help make your retirement dreams a reality

Invest now to help make your retirement dreams a reality Invest now to help make your retirement dreams a reality What s inside The sooner you start, the better off you ll be... 1 Chart your path to a comfortable retirement.... 2 Why Vanguard?... 5 Choose the

More information

Capital Idea: Take a More Dynamic Approach to Managing Volatility in Target Date Funds.

Capital Idea: Take a More Dynamic Approach to Managing Volatility in Target Date Funds. Capital Idea: Take a More Dynamic Approach to Managing Volatility in Target Date Funds. We believe that target date series should feature not only a gradual reduction in equities over time, but also a

More information

No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency

No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency Understanding annuities An Overview for Your Retirement No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency 2/15 13096-15A Contents Get Ready

More information

Capital Idea: Expect More From the Core.

Capital Idea: Expect More From the Core. SM Capital Idea: Expect More From the Core. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value. Core equity strategies, such

More information

VOYAGES Variable Annuity Fact Sheet

VOYAGES Variable Annuity Fact Sheet PACIFIC VOYAGES Variable Annuity Fact Sheet Why a Variable Annuity A variable annuity, like Pacific Voyages, is a long-term contract between you and an insurance company that helps you grow, protect, and

More information

ODYSSEY Variable Annuity Fact Sheet

ODYSSEY Variable Annuity Fact Sheet PACIFIC ODYSSEY Variable Annuity Fact Sheet Why a Variable Annuity A variable annuity, like Pacific Odyssey, is a long-term contract between you and an insurance company that helps you grow, protect, and

More information

Transition to a lifetime of financial security.

Transition to a lifetime of financial security. A Variable Annuity Guide for Individuals Transition to a lifetime of financial security. MassMutual Transitions Select SM variable annuity Financial security starts with good decisions Your future financial

More information

NEW SOURCES OF RETURN SURVEYS

NEW SOURCES OF RETURN SURVEYS INVESTORS RESPOND 2005 NEW SOURCES OF RETURN SURVEYS U.S. and Continental Europe A transatlantic comparison of institutional investors search for higher performance Foreword As investors strive to achieve

More information

Target-Date Glide Paths: Balancing Plan Sponsor Goals 1

Target-Date Glide Paths: Balancing Plan Sponsor Goals 1 Target-Date Glide Paths: Balancing Plan Sponsor Goals 1 T. Rowe Price Investment Dialogue November 2014 Authored by: Richard K. Fullmer, CFA James A Tzitzouris, Ph.D. Executive Summary We believe that

More information

CHOICE Variable Annuity Fact Sheet

CHOICE Variable Annuity Fact Sheet PACIFIC CHOICE Variable Annuity Fact Sheet Why a Variable Annuity A variable annuity, like Pacific Choice, is a long-term contract between you and an insurance company that helps you grow, protect, and

More information

Determining your investment mix

Determining your investment mix Determining your investment mix Ten minutes from now, you could know your investment mix. And if your goal is to choose investment options that you can be comfortable with, this is an important step. The

More information

Navigating U.S. Wealth Management: Five Key Themes for Financial Advisors and Individual Investors

Navigating U.S. Wealth Management: Five Key Themes for Financial Advisors and Individual Investors Navigating U.S. Wealth Management: Five Key Themes for Financial Advisors and Individual Investors October 25, 2017 by Eric Mogelof, Barbara Clancy of PIMCO SUMMARY Unprecedented changes are reshaping

More information

Why Evolution Private Managed Accounts?

Why Evolution Private Managed Accounts? Advisor Guide Why Evolution Private Managed Accounts? Be empowered by an innovative solution tailor-made for your clients. Experience holistic wealth management customized to meet your clients needs today

More information

Guaranteed Lifetime Income Advantage

Guaranteed Lifetime Income Advantage Guaranteed Lifetime Income Advantage Retirement Income Benefit Overview A prospectus must accompany or precede this material. Issuers: Integrity Life Insurance Company National Integrity Life Insurance

More information

SEEKING A BALANCE OF SAFETY AND TOTAL RETURN

SEEKING A BALANCE OF SAFETY AND TOTAL RETURN SEEKING A BALANCE OF SAFETY AND TOTAL RETURN PRUDENTIAL SHORT-TERM CORPORATE BOND FUND, INC. MORNINGSTAR OVERALL RATING Class R Class A, Q, and Z Positive performance in the past 26 out of 27 years Portfolio

More information

Measuring Retirement Plan Effectiveness

Measuring Retirement Plan Effectiveness T. Rowe Price Measuring Retirement Plan Effectiveness T. Rowe Price Plan Meter helps sponsors assess and improve plan performance Retirement Insights Once considered ancillary to defined benefit (DB) pension

More information

S E P A R A T E L Y M A N A G E D A C C O U N T S

S E P A R A T E L Y M A N A G E D A C C O U N T S S E P A R A T E L Y M A N A G E D A C C O U N T S Member FINRA/SIPC You can never cross the ocean until you have the courage to lose sight of the shore Christopher Columbus A PERSONALIZED PORTFOLIO FOR

More information

Set a course for retirement with a target-date fund

Set a course for retirement with a target-date fund Set a course for retirement with a target-date fund Q3 17 Retirement Advantage s Tailored to retirement. Unique glide path. Comprehensively managed. manages money for individuals and institutions worldwide

More information

With Scholar s Edge, New Mexico s 529 College Savings Plan, You Can Get an Edge When You Save for College.

With Scholar s Edge, New Mexico s 529 College Savings Plan, You Can Get an Edge When You Save for College. With Scholar s Edge, New Mexico s 529 College Savings Plan, You Can Get an Edge When You Save for College. Table of Contents Edge 1 A 529 Plan that s almost as smart as your child Edge 2 Potentially save

More information

CHOICE Variable Annuity Fact Sheet

CHOICE Variable Annuity Fact Sheet PACIFIC CHOICE Variable Annuity Fact Sheet NO WITHDRAWAL CHARGE OPTION Why a Variable Annuity A variable annuity, like Pacific Choice, is a long-term contract between you and an insurance company that

More information

DSV UK GROUP PENSION SCHEME Your Guide to Making Investment Decisions October 2015

DSV UK GROUP PENSION SCHEME Your Guide to Making Investment Decisions October 2015 DSV UK GROUP PENSION SCHEME Your Guide to Making Investment Decisions October 2015 Issued on behalf of DSV Pension Trustees Limited (Trustee of the DSV UK Group Pension Scheme) DSV UK GROUP PENSION SCHEME

More information

SEPARATELY MANAGED ACCOUNTS

SEPARATELY MANAGED ACCOUNTS Offering Guide Leadership and Innovation SEPARATELY MANAGED ACCOUNTS Today s complex markets require different approaches ones that can provide greater financial freedom, active management and tax control.

More information

Introducing the AfterTax Roth Contribution. Option. October 2017

Introducing the AfterTax Roth Contribution. Option. October 2017 Introducing the AfterTax Roth Contribution Option October 2017 Today s Agenda The after-tax Roth contribution option Why the after-tax Roth contribution option may be right for you Comparing after-tax

More information

INNOVATIONS SELECT Variable Annuity Fact Sheet

INNOVATIONS SELECT Variable Annuity Fact Sheet PACIFIC INNOVATIONS SELECT Variable Annuity Fact Sheet Why a Variable Annuity A variable annuity, like Pacific Innovations Select, is a long-term contract between you and an insurance company that helps

More information

Pomona Investment Fund

Pomona Investment Fund Pomona Investment Fund A Registered Fund Structured To Provide Streamlined Access To Private Equity An investor should consider the investment objectives, risks, charges and expenses of the Fund(s) carefully

More information

Save Today For Your Child s Tomorrow

Save Today For Your Child s Tomorrow Save Today For Your Child s Tomorrow Parents know time is the most valuable commodity in the world when it comes to their children and it can fly by in the blink of an eye. However, many families don t

More information

Vanguard Target Retirement Funds

Vanguard Target Retirement Funds Vanguard Target Retirement Funds Help your clients reach their retirement goals This document is directed at professional investors and should not be distributed to, or relied upon by, retail investors.

More information

PGIM INVESTMENTS. And the investment managers that make a difference. PGIM Fixed Income QMA

PGIM INVESTMENTS. And the investment managers that make a difference. PGIM Fixed Income QMA PGIM INVESTMENTS Bringing you the investment managers of Prudential Financial, Inc. PGIM INVESTMENTS And the investment managers that make a difference PGIM Fixed Income Jennison Associates QMA PGIM REAL

More information

What type of investor are you?

What type of investor are you? Nonqualified deferred compensation What type of investor are you? Whether it s your first time investing or you just want to see if your investment style has changed, the two questions to answer are: How

More information

TRANSAMERICA FREEDOM ELITE BUILDER II TFLIC FREEDOM ELITE BUILDER II

TRANSAMERICA FREEDOM ELITE BUILDER II TFLIC FREEDOM ELITE BUILDER II TRANSAMERICA FREEDOM ELITE BUILDER II TFLIC FREEDOM ELITE BUILDER II INVESTMENT OPTIONS GUIDE Your decision to purchase a variable universal life (VUL) insurance policy is an important one. You work hard

More information

A plan for tomorrow can make all the difference

A plan for tomorrow can make all the difference Nationwide Variable Universal Life Accumulator Client guide A plan for tomorrow can make all the difference Make your future count 1 NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY 2 Tomorrow starts today

More information

PACIFIC LIFE VARIABLE ANNUITIES

PACIFIC LIFE VARIABLE ANNUITIES PACIFIC LIFE VARIABLE ANNUITIES Plan Your Retirement. Protect Your Family. 8/16 13141-16B o WHY CHOOSE A VARIABLE ANNUITY A variable annuity is a long-term contract between you and an insurance company

More information

Separately Managed Accounts. Investment Advisory Solutions for Today s Complex Markets

Separately Managed Accounts. Investment Advisory Solutions for Today s Complex Markets Separately Managed Accounts Investment Advisory Solutions for Today s Complex Markets Contents Consulting Group Overview Resources The GIC and Global Investment Manager Analysis Separately Managed Accounts

More information

Fixed Income Capabilities Guide

Fixed Income Capabilities Guide Fixed Income Capabilities Guide All data as of 6//7 unless otherwise noted. For financial professional or qualified institutional investor use only. Not for inspection by, distribution or quotation to,

More information

MassMutual Capital Vantage

MassMutual Capital Vantage MassMutual Capital Vantage A Flexible Premium Deferred Variable Annuity TABLE OF CONTENTS 2 Sophisticated simplicity 3 Tax-deferred growth potential 4 How Capital Vantage works 10 Generating a retirement

More information

403(b) PLAN. Employee Guidebook. Welcome Building retirement savings Options for investing You have control Open your account CONTENTS

403(b) PLAN. Employee Guidebook. Welcome Building retirement savings Options for investing You have control Open your account CONTENTS 403(b) PLAN CONTENTS Employee Guidebook WELCOME. One of the main reasons your employer chose T. Rowe Price as an investment provider for your 403(b) plan is because we ve established a reputation for competitive

More information

CALM, COOL AND INVESTED

CALM, COOL AND INVESTED CALM, COOL AND INVESTED Staying on track to live the life you want This brochure provides year-end performance. When data for subsequent quarters are available, the brochure must be accompanied by a performance

More information

Principal Plus For Life

Principal Plus For Life The future is yours Important details about Principal Plus For Life More than ever, it is important to partner with a company whose ratings prove they possess the ability to meet the promises they make,

More information

Considerations for Plan Sponsors: CUSTOM TARGET DATE STRATEGIES

Considerations for Plan Sponsors: CUSTOM TARGET DATE STRATEGIES PRICE PERSPECTIVE April 2015 Considerations for Plan Sponsors: CUSTOM TARGET DATE STRATEGIES In-depth analysis and insights to inform your decision making. EXECUTIVE SUMMARY Defined contribution plan sponsors

More information

Guaranteed Lifetime Income Advantage Plus

Guaranteed Lifetime Income Advantage Plus Guaranteed Lifetime Income Advantage Plus Retirement Income Benefit Overview A prospectus must accompany or precede this material. Issuers: Integrity Life Insurance Company National Integrity Life Insurance

More information

LifePath Index Funds

LifePath Index Funds A complete retirement portfolio in a single fund LifePath Index Funds Morningstar Analyst Rating Morningstar has awarded the fund a Gold medal, its highest level of conviction. (Latest rating as of 2/2/17.)

More information

Portrait Portfolio Funds

Portrait Portfolio Funds Investment Solutions Standard Life Mutual Funds Portrait Portfolio Funds A solution in their image For advisor use only. This document is not intended for public distribution. Expertise of a truly global

More information

Portfolios A SIMPLE WAY TO SAVE FOR RETIREMENT. LifePath. How do I pick a portfolio? How do the portfolios work? Who manages LifePath?

Portfolios A SIMPLE WAY TO SAVE FOR RETIREMENT. LifePath. How do I pick a portfolio? How do the portfolios work? Who manages LifePath? Portfolios A SIMPLE WAY TO SAVE FOR RETIREMENT Throughout this presentation, you can click on the tabs to go directly to a specific page. Retirement 2015 An Easy Way to Invest Portfolios offer you a fast

More information

Asset Allocation. Identifying the Investment Mix. Issuers: Integrity Life Insurance Company National Integrity Life Insurance Company

Asset Allocation. Identifying the Investment Mix. Issuers: Integrity Life Insurance Company National Integrity Life Insurance Company Asset Allocation Identifying the Investment Mix A prospectus must accompany or precede this material. Issuers: Integrity Life Insurance Company National Integrity Life Insurance Company CF-18-30000 (1705)

More information

401(k) ANNUAL UPDATE. What s Inside. Need to Enroll in the 401(k)?

401(k) ANNUAL UPDATE. What s Inside. Need to Enroll in the 401(k)? Engility MASTER SAVINGS PLAN 401(k) ANNUAL UPDATE Timely information to Help You take control of your future What s Inside How to enroll 2016 Contribution Limits Make Sure Your 401(k) Account Is On Track

More information

Focus on income: Help shape your participants retirement

Focus on income: Help shape your participants retirement Focus on income: Help shape your participants retirement Target Date Plus Models offered as part of the TIAA Custom Portfolios Model Service FPO For institutional investor use only. Not for use with or

More information

Beyond Investment Illusions.

Beyond Investment Illusions. YOUR LOGO HERE Beyond Investment Illusions. Investing made clear, straightforward and right for your circumstances. Contents Our Investment ethos Helping you focus on what s important Making the risks

More information

GUARANTEES. Income Diversification. Creating a Plan to Support Your Lifestyle in Retirement

GUARANTEES. Income Diversification. Creating a Plan to Support Your Lifestyle in Retirement GUARANTEES GROWTH FLEXIBILITY Income Diversification Creating a Plan to Support Your Lifestyle in Retirement Contents Build a Retirement Plan that Can Last a Lifetime 2 Retirement Is Different Today 4

More information

ASSET ALLOCATION MADE EASY

ASSET ALLOCATION MADE EASY ASSET ALLOCATION MADE EASY REACHING YOUR GOALS AT YOUR PACE Most people can rattle off their investment goals: retirement, college tuition, a new house. That s easy. What s harder is successfully reaching

More information

Fidelity Personal Retirement Annuity

Fidelity Personal Retirement Annuity Fidelity Personal Retirement Annuity Save more for retirement and manage your tax exposure. Investing in a variable annuity involves risk of loss investment returns and contract value are not guaranteed

More information

Private Client Services. Helping preserve, grow and transfer wealth to the people and causes you care about

Private Client Services. Helping preserve, grow and transfer wealth to the people and causes you care about Private Client Services Helping preserve, grow and transfer wealth to the people and causes you care about TABLE OF CONTENTS 1 Personalized services delivered by an experienced team 3 Disciplined investment

More information

BUILDING INVESTMENT PORTFOLIOS WITH AN INNOVATIVE APPROACH

BUILDING INVESTMENT PORTFOLIOS WITH AN INNOVATIVE APPROACH BUILDING INVESTMENT PORTFOLIOS WITH AN INNOVATIVE APPROACH Asset Management Services ASSET MANAGEMENT SERVICES WE GO FURTHER When Bob James founded Raymond James in 1962, he established a tradition of

More information

TIAA-CREF advisor services TIAA-CREF AND ADVISORS:

TIAA-CREF advisor services TIAA-CREF AND ADVISORS: TIAA-CREF advisor services TIAA-CREF AND ADVISORS: Partnering for the Greater Good Helping you serve our shared clients WHILE GROWING your OWN Business Partnering for the Greater Good As a leading provider

More information

Investing Matters. Part of BestPrep s s Financial Matters Program

Investing Matters. Part of BestPrep s s Financial Matters Program Investing Matters Part of BestPrep s s Financial Matters Program What is investing? To spend money on something in the hope of a future return or benefit. People invest to grow their money and preserve

More information

MIDSIZED COMPANIES. OUTSIZED POTENTIAL. DISCOVER THE POTENTIAL OF MID-CAPS

MIDSIZED COMPANIES. OUTSIZED POTENTIAL. DISCOVER THE POTENTIAL OF MID-CAPS MIDSIZED COMPANIES. OUTSIZED POTENTIAL. DISCOVER THE POTENTIAL OF MID-CAPS EQUITY S MIDDLE CHILD Whether you are one, have one, or know one, chances are you have heard the term middle child syndrome. And

More information

Morningstar Investment Management LLC Form ADV Part 2A: Firm Brochure Retirement Plan Services for Individuals

Morningstar Investment Management LLC Form ADV Part 2A: Firm Brochure Retirement Plan Services for Individuals Morningstar Investment Management LLC Form ADV Part 2A: Firm Brochure Retirement Plan Services for Individuals 22 West Washington Street, Chicago, IL 60602 Phone: 312.696.6000 www.corporate.morningstar.com

More information

Why Use Smart Beta in DC?

Why Use Smart Beta in DC? Smart Beta for DC Smart Beta for DC Why Use Smart Beta in DC? Increasing numbers of our DC clients are looking to us to help them use smart beta solutions in their schemes. Offering improved risk-adjusted

More information

Aiming at a Moving Target Managing inflation risk in target date funds

Aiming at a Moving Target Managing inflation risk in target date funds Aiming at a Moving Target Managing inflation risk in target date funds Executive Summary This research seeks to help plan sponsors expand their fiduciary understanding and knowledge in providing inflation

More information

Morningstar Investment Services. Asset Allocation Solutions

Morningstar Investment Services. Asset Allocation Solutions Morningstar Investment Services Asset Allocation Solutions A Team You Can Trust The Insight of Your Financial Advisor, The Strength of Morningstar At Morningstar Investment Services, we understand there

More information

RBC retirement income planning process

RBC retirement income planning process Page 1 of 6 RBC retirement income planning process Create income for your retirement At RBC Wealth Management, we believe managing your wealth to produce an income during retirement is fundamentally different

More information

Passive target date funds: Separating myth from reality. Many active decisions go into passive fund design

Passive target date funds: Separating myth from reality. Many active decisions go into passive fund design Passive target date funds: Separating myth from reality Many active decisions go into passive fund design Executive summary John Greves, CFA Vice President, Head of Multi-Asset Strategies The use of passive

More information

Foundations and Endowments Specialty Practice

Foundations and Endowments Specialty Practice Foundations and Endowments Specialty Practice The Dynamic Investment Policy Statement How to craft an IPS that is responsive to change As stewards of assets that benefit others either presently or at some

More information

NorthCoast ETF Portfolio Solutions

NorthCoast ETF Portfolio Solutions NorthCoast ETF Portfolio Solutions Investor Presentation NorthCoast Advisory Team info@northcoastam.com 800.274.5448 northcoastam.com Executive Summary PRESENTATION OVERVIEW Who is NorthCoast? What does

More information

TIAA-CREF Built to Perform Survey Executive Summary November 18, 2015

TIAA-CREF Built to Perform Survey Executive Summary November 18, 2015 TIAA-CREF Built to Perform Survey Executive Summary November 18, 2015 1 . American Investors Harbor Misconceptions About Financial Performance Which of the following do American investors think is the

More information

Receiving Required Minimum Distributions. Making it simple with TIAA

Receiving Required Minimum Distributions. Making it simple with TIAA Receiving Required Minimum Distributions Making it simple with TIAA Required Minimum Distributions what you need to know What are Required Minimum Distributions? 1 How can you receive minimum distributions

More information

Understanding ANNUITIES

Understanding ANNUITIES Understanding ANNUITIES An Overview for Your Retirement VLC0441-0917 TABLE OF CONTENTS Get Ready for Retirement.... 1 What Is an Annuity?.... 1 Who s Who in an Annuity?.... 2 Types of Annuities.... 3 Single

More information

INVESTMENT SERVICES. Topics in... AN INTRODUCTION TO GOALS DRIVEN WEALTH MANAGEMENT

INVESTMENT SERVICES. Topics in... AN INTRODUCTION TO GOALS DRIVEN WEALTH MANAGEMENT Topics in... INVESTMENT SERVICES AN INTRODUCTION TO GOALS DRIVEN WEALTH MANAGEMENT A disciplined investment approach that empowers you with confidence. At first glance, the notion of setting goals for

More information

RREEF Property Trust. Integrity I Experience I Insight. Not available for use in Ohio.

RREEF Property Trust. Integrity I Experience I Insight.  Not available for use in Ohio. RREEF Property Trust Integrity I Experience I Insight www.rreefpropertytrust.com Not available for use in Ohio. Properties pictured are owned by RREEF Property Trust. This material must be preceded or

More information

Understanding FIXED ANNUITIES

Understanding FIXED ANNUITIES Understanding FIXED ANNUITIES An Overview for Your Retirement VLC0440-0917 TABLE OF CONTENTS Get Ready for Retirement.... 1 What Is an Annuity?.... 1 What Is a Fixed Annuity?.... 1 Who s Who in an Annuity?....

More information

Principal LifeTime Hybrid 2010 CIT Z15 as of 12/31/2017

Principal LifeTime Hybrid 2010 CIT Z15 as of 12/31/2017 Principal LifeTime Hybrid 2010 CIT Z15 as of 12/31/2017 Investment Strategy The investment option seeks a total return consisting of long-term growth of capital and current income. To pursue its goal,

More information

Fixed Income Capabilities Guide

Fixed Income Capabilities Guide Fixed Income Capabilities Guide All data as of /3/7 unless otherwise noted. For financial professional or qualified institutional investor use only. Not for inspection by, distribution or quotation to,

More information

Why Invest Internationally?

Why Invest Internationally? Why Invest Internationally? Insights from: Investing solely in U.S. companies may limit an investor s opportunity set and prevent them from reaping the potential rewards of holding a well-diversified portfolio.

More information