2050 Retirement Portfolio HSP
-
Upload
loganbohannon -
Category
Documents
-
view
224 -
download
0
Transcript of 2050 Retirement Portfolio HSP
8/11/2019 2050 Retirement Portfolio HSP
http://slidepdf.com/reader/full/2050-retirement-portfolio-hsp 1/2
Investment Information
Investment Objective & Strategy
The 2050 Retirement Portfolio seeks to provide a
comprehensive and diversified investment portfolio that
targets an appropriate balance between capital growth,
investment income and inflation sensitivity. The Portfolio isdesigned for participants who were born between 1983 -
1987 retiring between years 2048 - 2052 at age 65.
The Portfolio is invested in US and non-US stocks,
bonds issued by government, corporate and financial
entities, including high yield bonds, US REIT securities,
natural resources and commodities. The Portfolio's asset
allocation will adjust over time as it approaches the targeted
retirement date, shifting the primary objective of the
Portfolio from capital growth toward income and
preservation of capital through retirement to post-retirement
years. The investment mix is automatically adjusted by the
professional investment manager over time to become its
most conservative 10 years after the target retirement date.
Unit price, yield and return will vary.
Fees and Expenses as of 06-30-14
Management Fee 0.36%
Plan Admin Fee 0.00%
All Others 0.05%
Total Fee as a % 0.41%
Total Fee per $1000 Investment $4.10
Volatility and Risk
Volatility as of 06-30-14
Low Moderate High
Category
The volatility measure is not displayed for investments with
fewer than three years of history. The category average,
however, is shown above.
Credit Analysis: % Bonds as of 06-30-14
AAA 34 BB 13
AA 2 B 20
A 6 Below B 8
BBB 9 Not Rated 6
Morningstar Bond Sectors as of 06-30-14
% Fund % Category
Government 14.70 21.38
Corporate 54.72 16.57
Securitized 10.93 8.95
Municipal 0.83 0.35 Cash & Equivalents 18.82 37.93
Other 0.00 14.81
Allocation of Assets
045 35 25 15 5 -5 -10
100
80
60
40
20
0
Years Until Retirement
Black line designates target allocation for the Fund as of the date of this report.
% Allocation
U.S. Stocks
Non-U.S. Stocks
High Yield Bonds
Core Bond
REITs
TIPs
Cash
Other
.......................................
Note: Other includes
Stable Value,
Commodities and Natura
Resources
Performance
YTD 3 Month 1 Year 3 Year 5 Year Since Incep
Investment Return % 6.86 4.38 20.23 . . 17
Benchmark Return % 6.95 4.58 19.34 8.68 13.59 15
Portfolio Analysis
Composition as of 06-30-14 % Assets
U.S. Stocks 36.5
Non-U.S. Stocks 32.3
High Yield Bonds 4.4
Core Bonds 5.1
REITs 6.9
TIPs 0.2
Cash 2.3
Other 12.4...................................................................................................Note: Other includes Stable Value, Commodities and Natural Resources
Morningstar Stock Sectors as of 06-30-14 % Fund
Cyclical 46.64...........................................................................................................
Basic Materials 6.92
Consumer Cyclical 12.12
Financial Services 17.08
Real Estate 10.52
Sensitive 32.66...........................................................................................................
Communication Services 2.56
Energy 9.13
Industrials 9.25
Technology 11.72
Defensive 20.70...........................................................................................................
Consumer Defensive 9.35
Healthcare 10.06
Utilities 1.29
Top 10 Holdings as of 06-30-14 % As
State Str Bk & Tr 6
Daily MSCI ACWI Ex US Ind Nl Class A Shares 2
Daily MSCI US Index Nl Series 2
Exxon Mobil Corporation 0
Simon Property Group Inc 0.........................................................................................
Apple Inc 0
Wells Fargo & Co 0
Pfizer Inc 0
SAP SE 0
Lloyds Banking Group PLC 0
.........................................................................................................
Total Number of Stock Holdings 1Total Number of Bond Holdings 10
Annual Turnover Ratio % 45
Top 10 Countries as of 06-30-14 % As
United States 63
United Kingdom 6
Canada 3
France 3
Switzerland 3.........................................................................................................
Germany 2
Japan 2
Brazil 1
China 1
Mexico 1
Morningstar Equity Style Box™ as of 06-30- 14 % MktL a r g e
Mi d
S m a l l
Value Blend Growth
Giant 45.....................................................
Large 33
Medium 13
Small 6.....................................................
Micro 1
Release Date: 06-30-2014
2050 Retirement Portfolio....................................................................................................................................................................................................................................................................................................................................................Benchmark Total Assets ($mil) Inception Date
Custom Benchmark 182.16 06-18-13
©2014 Morningstar, Inc., Morningstar Investment Profiles™ 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary toMorningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. NeitherMorningstar nor its content providers are responsible for any damages or losses arising from any use of information. Past performance is no guaranteeof future performance. Visit our investment website at www.morningstar.com.
Page 1
8/11/2019 2050 Retirement Portfolio HSP
http://slidepdf.com/reader/full/2050-retirement-portfolio-hsp 2/2
The Halliburton Savings Plan (Plan) is i ntended to beparticipant-directed plan as described in Section 404(c) ofthe Employee Retirement Income Security Act of 1974, asamended (ERISA). Therefore the fiduciaries of this plan aregenerally relieved of liability for any losses that are theresult of any investment instructions given by a participant ora beneficiary of the Plan.
Mercer Investment Consulting, Inc. ("Mercer") serves as theinvestment manager for the Retirement Portfolios. TheHalliburton Company Investment Committee has delegatedits authority to design the asset allocation and manage theRetirement Portfolios to Mercer. The Retirement Portfolios'performance will be reviewed and Mercer will modify theallocations and/or underlying investment managers whendeemed appropriate. The Retirement Portfolios will pay anannualized management fee to Mercer, which is included inthe total expense ratio. As with most Plan fees, the Mercerfee will also be based on the total assets held in theRetirement Portfolio.
The investment's principal value and investment return willfluctuate, so that an investor's unit values may be worthmore or less than at the time of the original investment. Inaccordance with ERISA, the Plan assets are held in trust for
the exclusive benefit of participants and beneficiaries. Aswith all 401(k) plans, assets are not FDIC-insured, may losevalue and are not guaranteed by a bank, the Plan sponsor orother financial institution.
Reliable sources are utilized to produce these reports butthere is no warranty or guarantee that this data is accurate,timely, or complete. Historic performance is not an indicationof future results and should not be relied upon to predictfuture investment returns.
Contact InformationFor current information, please visitwww.halliburton.com/totalrewards (if you are a currentemployee) or www.netbenefits.com (if you are a formeremployee). You may also call the Halliburton Benefits Centerat 1-866-321-0964 (international toll free, use your country'sAT&T access code, then 866-321-0964) or for toll call857-362-5980, select option 2.
Principal RiskThe 2050 Retirement Portfolio is generally designed forparticipants expecting to retire between the years2048-2052. The Portfolios are professionally managed togradually become more conservative by reducing theirinvestment risk and expected return over time, reaching theirmost conservative allocation 10 years after the targetretirement date. The Portfolios are subject to the volatility offinancial markets, including U.S. and non-U.S. equity andfixed income markets. The Portfolios are also subject to risksassociated with investing in high-yield bonds, small-capstocks, commodities and real estate. Principal invested is notguaranteed at any time, including at or after the target
retirement dates. There is no guarantee that investment inthe Retirement Portfolios will provide adequate retirementincome.
Stock markets are volatile and can decline significantly inresponse to adverse issuer, political, regulatory, market oreconomic developments. The securities of smaller, l esswell-known companies can be more volatile than those oflarge companies.
Stock markets are volatile and can decline significantly inresponse to adverse issuer, political, regulatory, market oreconomic developments. The securities of smaller, l esswell-known companies can be more volatile than those of
large companies.
Foreign securities and currencies, especially those inemerging markets, involve greater risk and may offer greaterpotential returns than U.S. investments. This risk includespolitical and economic uncertainties of foreign countries.
In general, the bond market is volatile, and bond securities
carry interest rate risk. As interest rates rise, bond pricesusually fall and vice versa. This effect is usually morepronounced for longer-term securities. Bonds also carryinflation risk, liquidity risk, call risk, and credit and defaultrisks for both issuers and counterparties. Unlike individualbonds, most bond investment options do not have a maturitydate, so avoiding losses caused by price volatility by holdingthe investment option until maturity is not possible. Theprincipal value of inflation-linked bonds adjusts with inflationbut declines in value when real i nterest rates rise and viceversa.
Commodities contain heightened risk including market,political, regulatory and natural conditions. Real estateinvestment trusts (REITs) are subject to general stock marketrisk, real estate market declines and adverse changes to REITtax laws.
Blended Benchmark71.5% MSCI All County World Index/4.5% Barclays CapitalUS Aggregate Index/6.4% Dow Jones US Select REITIndex/6.4% Dow Jones-UBS Commodity Index TotalReturn/3.2% S&P Global LargeMidCap Commodity andResources Index/8.0% Bank of America Merrill Lynch HighYield Bond Index
PerformanceInvestment option performance is determined after fees arecharged to the investment option and assumes reinvestmentof dividends and capital gains. Investment optionperformance is compared with the blended benchmark index.An index is an unmanaged portfolio of specified securitiesand does not reflect any initial or ongoing expenses. The
investment option's portfolio may differ significantly from thesecurities in the index.
Additional Fee DisclosureThe expense ratio is an asset-weighted blend of fees andwill fluctuate based on asset values and market conditions;any fees quoted herein are subject to change. Transactioncosts incurred by the investment option for buying andselling securities are not included in the expense ratio. Thesecosts, along with management fees, plan administration feesand other fees are paid out of the i nvestment option's assets,reducing the rate of return realized by participants. There areno entry or exit fees charged to participants who invest inthis investment option. Cumulative effect of fees andexpenses can substantially reduce the growth of aparticipant's retirement account. Participants are encouragedto visit the Employee Benefits Security Administration
website at www.dol.gov/ebsa for information and examplesdemonstrating the long-term effect of fees and expenses.Fees and expenses are only one of several factors thatparticipants and beneficiaries should consider when makinginvestment decisions.
Collective Trusts and Separate AccountsMost of the Plan's investment options are structured usinginstitutionally managed separate accounts or common andcollective trusts; this means the accounts are managed onlyfor participants in the Halliburton Plans. Individual securitiesare bought and sold by professional investment managersselected by the Investment Committee. Common andCollective Trusts are investment vehicles operated by banks
or trust companies. Neither common and collective trustfunds nor separate accounts are mutual funds. Unlike mutfunds, separate accounts and collective trust funds are nosubject to and are not registered under the Securities Act 1933 or the Investment Company Act of 1940.
The Halliburton Company Employee Benefits Master Trustowns the underlying assets in the separate accounts. The
Master Trust owns a unit in the common and collective truin which it participates. The issuer (bank or trust companyowns the underlying assets in a common or collective trus
Management CompanyAberdeen Asset Management, Inc.Agincourt Capital Management LLCBoston Co. Asset Management LLCFayez Sarofim and Co.GAMCO Investors, Inc.Integrity Asset Management, LLCJennison Associates LLCLoomis Sayles & Co. LPLongview Partners (Guernsey) LTDMercer Investment Consulting, Inc.MetWest Asset Management LLCNorthern Cross, LLC
Pacific Investment Management Co. LLCPyramis Global Advisors Trust CoSands Capital Management LLCState Street Global AdvisorsWellington Management Co.Wells Capital Management, Inc.
Morningstar Style Box™The Morningstar Style Box reveals an investment option'sinvestment strategy as of the date noted on this report. Thvertical axis shows the market capitalization of the stocksowned and the horizontal axis shows the investment style(value, blend, or growth).
Disclosure
©2014 Morningstar, Inc., Morningstar Investment Profiles™ 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or
its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers areresponsible for any damages or losses arising from any use of information. Past performance is no guarantee of future performance. Visit our investment website atwww.morningstar.com.
Page 2