nFront Enrollment Web Book 2024 - Ready - Flipbook - Page 64
Word about risk continued
FIM?ÊGIL?ÊNB;HÊNB?Ê=;MBÊ;GIOHNÊCHP?MN?>ŸÊÊÊ
#MMO?LMÊI@ÊMIP?L?CAHÊ>?
ÊG;SÊB;P?ÊFCGCN?>ÊL?=IOLM?ÊCHÊNB?Ê
?P?HNÊI@Ê>?@;OFNŸÊ1CNBIONÊ>?
?LÊ;JJLIP;FƙÊ
MIG?ÊAIP?LHG?HN;FÊ>?
?Ê
@FO=NO;NCIHMÊCHÊ@IL?CAHÊ=OLL?H=C?MƙÊJIFCNC=;FÊ;H>Ê
?=IHIGC=ÊCHMN;
Ê@IL?CAHÊN;R;NCIHÊCMMO?MŸÊÊÊ
.B?Ê OH>ÊG;SÊBIF>ÊCFFCKOC>ÊM?=OLCNC?MÊNB;NÊCNÊG;SÊ
Ê
=IOF>ÊFIM?ÊCNMÊ?HNCL?ÊCHP?MNG?HNÊCHÊMO=BÊM?=OLCNC?MŸÊÊ
ILÊQL;JÊ;AL??G?HNMÊJOL=B;M?>Ê
ƙÊNB?L?Ê
CMÊHIÊ;=NCP?ÊG;LE?NÊ;H>ÊNB?ÊM;F?ÊI@ÊMO=BÊ;AL??G?HNMÊ
CMÊHINÊ;HÊ;P;CF;
L;Q;FÊ
L?KO?MNMŸÊ*F;HMÊ;H>ÊJF;HÊJ;LNC=CJ;HNMÊ;L?ÊMO
CNSÊLCMEÊ>O?ÊNIÊP;LCIOMÊQCNB>L;Q;FÊL?MNLC=NCIHMÊ
L?F;NCHAÊNIÊNB?Ê OH>ƙÊM??ÊLNC=F?Ê0#Ê-?=NCIHÊƊÊI@ÊNB?Ê
?=F;L;NCIHÊI@Ê.LOMNŸÊÊ
.B?Ê OH>ÊCMÊMOCN;
Ê
MBIOF>ÊHINÊ
Ê;MÊ;ÊMBILNN?LGÊCHP?MNG?HNÊ
P?BC=F?ŸÊ'IL?IP?LƙÊ;HÊCHP?MNG?HNÊCHÊNB?Ê OH>ÊCMÊHINÊ
CHN?H>?>ÊNIÊJLIPC>?Ê;Ê=IGJF?N?ÊILÊ
Ê
CHP?MNG?HNÊJLIAL;GŸÊ.B?Ê OH>ÊG;SÊ;FMIÊ
O;FÊCHP?MNCHAÊMNSF?MÊG;SÊHINÊ
=IGJF?G?HNÊ?;=BÊINB?LƙÊQBC=BÊ=;HÊL?MOFNÊCHÊBCAB?LÊ
JILN@IFCIÊNOLHIP?LMƙÊ?HB;H=?>L?>O=?>Ê
=IH=?HNL;NCIHMÊILÊCHP?MNCHAÊMNSF?Ê=IGJ;L?>ÊQCNBÊ;HÊ
CHP?MNG?HNÊQCNBÊ;ÊMCHAF?ÊG;H;A?LŸÊÊ
'OHC=CJ;FÊM?=OLCNC?MÊ;L?ÊMO
CNCIHMÊ=IOF>Ê;@@?=NÊ;HÊ
CMMO?L¤MÊ;
Ê
ILÊCHN?L?MNŸÊÊÊ
.B?Ê OH>ÊG;SÊCHP?MNÊCHÊ;HÊCHP?MNG?HNÊP?BC=F?ƙÊMO=BÊ
;MÊ;ÊJLCP;N?ÊCHP?MNG?HNÊILÊ=IGGCHAF?>Ê@OH>ƛÊ;MÊ;Ê
L?MOFNƙÊNB?Ê@OH>ÊCMÊMO
?LFSCHAÊLCMEMÊI@Ê
NB;NÊCHP?MNG?HNŸÊÊ
)
Ê
Ê
CHMNLOG?HN;FCNC?MÊG;SÊL?=?CP?ÊP;LSCHAÊF?P?FMÊI@Ê
MOJJILNÊ@LIGÊNB?ÊAIP?LHG?HNƙÊQBC=BÊ=IOF>Ê;@@?=NÊ
NB?Ê@OH>¤MÊ;
ÊNB?SÊ>?@;OFNŸÊÊÊ
.B?Ê OH>ÊCMÊHINÊ;ÊGONO;FÊ@OH>ÊILÊ;HSÊINB?LÊNSJ?ÊI@Ê
#HP?MNG?HNÊIGJ;HSÊQCNBCHÊNB?ÊG?;HCHAÊI@ÊNB?Ê
#HP?MNG?HNÊIGJ;HSÊ=NÊI@ÊƂƊƅƁƙÊ;MÊ;G?H>?>ƙÊ;H>Ê
CMÊHINÊMO
?LŸÊ
IFF;LÊLIFFÊNL;HM;=NCIHMÊCHPIFP?ÊNB?ÊLCMEÊNB;NÊNB?Ê
G;LE?NÊP;FO?Ê;H>ÊSC?F>ÊG;SÊ>?=FCH?Ê
ÊM?=OLCNC?MÊNB;NÊB;P?Ê
Ê;H>Ê;L?ÊL?KOCL?>ÊNIÊ
.IÊ?ÊHHIOH=?>ÊNL;HM;=NCIHMÊCHPIFP?ÊNB?ÊLCMEÊNB;NÊ
NB?ÊM?=OLCNC?MÊL?=?CP?>ÊG;SÊ
?FCP?LÊNB?ÊM?=OLCNSƙÊ?RJIMCHAÊNB?Ê@OH>ÊNIÊ@OLNB?LÊ
FIMM?MŸÊ1B?NB?LÊILÊHINÊNB?Ê@OH>ÊN;E?MÊ>?FCP?LSÊI@ÊNB?Ê
M?=OLCNC?MÊ;NÊNB?ÊN?LGCH;NCIHÊ>;N?ÊI@Ê;Ê.IÊ?Ê
HHIOH=?>ÊNL;HM;=NCIHƙÊNB?Ê@OH>ÊQCFFÊ
ÊNIÊ
=B;HA?MÊCHÊNB?ÊP;FO?ÊI@ÊNB?ÊOH>?LFSCHAÊCHP?MNG?HNMÊ
>OLCHAÊNB?ÊN?LGÊI@ÊNB?Ê;AL??G?HNÊ
*OLMO;HNÊNIÊ .Ê,OF?ÊƅŸƆƙÊNB?Ê.LOMN??ÊCMÊ?R?GJNÊ
@LIGÊB;PCHAÊNIÊL?ACMN?LÊ;MÊ;Ê=IGGI>CNSÊJIIFÊ
IJ?L;NILÊ
Ê
Ê;HHO;FÊL?JILNÊ@ILÊNB?Ê OH>ŸÊÊ
.B?Ê OH>ÊCMÊMO
CHAÊNB?ÊLCMEMÊ;MMI=C;N?>ÊQCNBÊ;HÊCHP?MNG?HNÊCHÊ
NB?Ê OH>ŸÊÊ
Portfolio composition
Asset Allocation
% TNA
Core Investments
20.65
Intermediate Investments
30.86
Short Duration Investments ƅƇŸ08
Short Term Investments
2.40
Manager Diversification
% TNA
Dodge & Cox
Invesco
Jennison
Loomis Sayles
PIMCO
Short Term Investments**
5.17
61.49
10.27
10.33
10.33
2.40
Portfolio composition statistics are subject to change
and current holdings may differ. It should not be
assumed that any of the holdings discussed were or
will prove to be profitable, or that the investment
recommendations or decisions we make in the future
will be profitable or will equal the investment
performance of the holdings.
Sector Allocation
Short Term Investments**
U.S. Treasuries Securities
U.S. Government Agencies
Non-US Govt/Agency
Corporate Bonds
Mortgage Backed Securities
Asset Backed Securities
Commercial Mortgage Backed
Securities
Municipal
Derivatives
Total
Quality Allocation***
Short Term Investments**
AAA
AA
A
BBB
