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State Street Retirement Right Retirement - Mutual of … - state street retirement 1099


State Street Retirement Right Retirement - Mutual of …-state street retirement 1099

Release Date: 09-30-2022
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Morningstar Category
Target-Date Retirement
Investment Objective & Strategy Allocation of Assets
The fund is designed for investors who are in retirement. 100 % Allocation
Once a target date fund reaches its target retirement date, it 80 Bonds
will begin a five-year transition period to the State Street 60 U.S. Stocks
Retirement In Retirement Fund. At the end of that five-year 40
Non-U.S. Stocks
Cash
period, the allocation to stocks, real estate investment trusts 20 Other
and commodities interests exposure will remain fixed at 0
approximately 35% of assets. The remainder of the fund will 50 40 30 20 10 0 -10 -20 -30
be invested in fixed-income securities, including those Years Until Retirement
through a stable value or fixed account.
Portfolio Analysis
Operations and Management Composition as of 09-30-22 % Assets Morningstar Style BoxTM as of 09-30-22(EQ) ; 09-30-22(F-I)
Initial Inception Date 04-04-22 U.S. Stocks 19.8
Management Company . Non-U.S. Stocks 9.3
Issuer Hand Benefits & Trust, a BPAS Co Bonds 32.2
Cash 5.2
Other 33.5
Volatility Analysis
Value Blend Growth Ltd Mod Ext
Low Moderate High
Category Top 20 Holdings as of 09-30-22 % Assets Morningstar Equity Sectors as of 09-30-22 % Fund
The volatility measure is not displayed for investments with
Retirement Right Stable Value Cl II 32.40 h ........C..y.c..l.i.c..a.l......................................................................4..4...9..1.
fewer than three years of history. The category average,
State St 1-10 YrUS TIPS Indx SL Cl I 18.07 r Basic Materials 3.60
however, is shown above.
State St S&P 500? Indx SL Cl I 13.44 t Consumer Cyclical 9.34
State St Gbl AllCp Eq ex-US Idx SL Cl I 9.52 y Financial Services 12.48
.S..t.a..t.e....S..t..U...S...S...T...G..o..v../..C..r.e..d...B...n..d...I.d..x...S..L...C..l..I...............................8....1..1. u Real Estate 19.49
Notes State St US HY Bnd Indx SL Cl I 7.37 j ........S..e..n.s..i.t.i.v..e....................................................................3..4...6..9.
Each Fund invests in a set of underlying collective trust funds, State St Gbl Real Estate Sec Idx SL Cl I 4.68 i Communication Services 5.45
including SSGA funds and the Retirement Right Stable Value State St Bloomberg RSC IdxSM NL Cl A 3.21 o Energy 4.26
State St Russell Sm/Mid Cp? Indx SL Cl I 2.65 p Industrials 9.20
Fund. The Retirement Right Stable Value Fund is a collective State Street Instl US Govt MMkt Premier 0.27
investment fund created by the Hand Composite Employee ....................................................................................................... a Technology 15.78
Benefit Trust and sponsored by Hand Benefits & Trust State Street Instl Us Govt Moneymarket Fund 0.27 k ........D..e..f.e..n..s.i.v..e...................................................................2..0...4..1.
Company, a BPAS company, that invest in a guaranteed Premier Cl
interest contract issued by United of Omaha Life Insurance .......................................................................................................
s Consumer Defensive 6.26
Company, a subsidiary of Mutual of Omaha Insurance Total Number of Holdings 11
d Healthcare 11.57
Company. United of Omaha will receive compensation on Annual Turnover Ratio % . f Utilities 2.58
these funds through the guaranteed interest contract. All Morningstar F-I Sectors as of 09-30-22 % Fund % Category
guarantees are subject to the claims paying ability and / Government 62.29 36.92
financial strength of the issuer. > Corporate 23.85 23.48
Securitized 0.00 21.06
< Municipal 0.00 0.88
fi Cash/Cash Equivalents 13.86 15.24
? Other 0.00 2.42
Principal Risks
Lending, Credit and Counterparty, Extension, Inflation-Protected Securities, Prepayment (Call), Reinvestment, Foreign Securities,
Long-Term Outlook and Projections, Loss of Money, Not FDIC Insured, Capitalization, Quantitative Investing, Index Correlation/
Tracking Error, Interest Rate, Market/Market Volatility, Equity Securities, High-Yield Securities, Mortgage-Backed and Asset-
Backed Securities, Underlying Fund/Fund of Funds, U.S. Government Obligations, Fixed-Income Securities, Maturity/Duration,
Suitability, Multimanager, Investment-Grade Securities, Management, New Fund, Passive Management, Target Date, Small Cap,
Mid-Cap, Large Cap, Real Estate/REIT Sector, Sampling, Money Market Fund Ownership
RPD1707 ?2022 Morningstar, Inc., Morningstar Investment ProfilesTM 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
are responsible for any damages or losses arising from any use of information. Past performance is no guarantee of future performance. Visit our investment website at
09-30 www.morningstar.com.
High Med Low
Large Mid Small
Disclosure
Investment options are subaccounts in an insurance company income", such a government,corporate, or securitized issues. Company, Omaha, NE 68175 is licensed nationwide except in
separate account maintained by United of Omaha Life Other types of holdings such as equities and many, though New York. Companion Life Insurance Company, Melville, NY
Insurance Company for contracts issued in all states except not all, types of derivatives are excluded. The weighted- 11747 is licensed in New York and underwrites the group
New York, and by Companion Life Insurance Company for average credit quality value is represented by a rating symbol variable annuity (Form 900-GAQC-07(NY). Each company
contracts issued in New York, that invests in the underlying which corresponds to the long-term rating symbol schemas accepts full responsibility for each of their respective
mutual fund/collective trust investments or is managed by employed by most CRAs. Note that this value is not explicitly contractual obligations under the contract but does not
the specified investment manager. All funds may not be published but instead serves as an input in the Style Box guarantee any contributions or investment returns except as
available as an investment option in a plan. calculation. This symbol is then used to map to a Style Box to the Guaranteed Account and the Lifetime Guaranteed
credit quality category of "low," "medium," or "high". Funds Income Account as provided under the contract. Specific
Composition Graph with a "low" credit quality category are those whose features of the Lifetime Guaranteed Income Account vary by
The Long/Short/Net bar chart replaces the Composition pie weighted-average credit quality is determined to be state. Restrictions apply. The Lifetime Guaranteed Income
chart when a fund invests in shorts and derivatives. The equivalent to the commonly used High Yield classification, Account is not available in Nevada or New York. Neither
overall net percentage value of each investment class is meaning a rating below "BBB", portfolios assigned to the United of Omaha Life Insurance Company, Companion Life
displayed. A short is any security in which a negative position "high" credit category have either a "AAA" or "AA+" average Insurance Company, nor their representatives or affiliates
is taken where the portfolio manager looks to profit from credit quality value, while "medium" are those with an offers investment advice in connection with the contract. In
falling prices. A derivative is any future, forward, option or average rating of "AA-" inclusive to "BBB-". It is expected and addition, United of Omaha Life Insurance Company,
swap contract that provides exposure to assets like stocks, intended that the majority of portfolios will be assigned a Companion Life Insurance Company, their representatives and
bonds, or commodities. Derivatives are also used to manage credit category of "medium". affiliates are not undertaking to provide impartial investment
risk or to act on a view about the economy. For assignment to an interest-rate sensitivity category, advice or to give advice in a fiduciary capacity.
Morningstar uses the average effective duration of the
Morningstar Style BoxTM portfolio. From this value there are three distinct Group variable annuities are long-term investment vehicles
The Morningstar Style BoxTM reveals a fund's investment methodologies employed to determine assignment to designed to accumulate money on a tax-deferred basis for
strategy as of the date noted on this report. category. Portfolio which are assigned to Morningstar retirement purposes. Distributions may be subject to ordinary
For equity funds, the vertical axis shows the market municipal-bond categories employ static breakpoints income tax and, if taken prior to age 59?, a 10 percent
capitalization of the long stocks owned, and the horizontal between categories. These breakpoints are: "Limited" equal federal tax penalty may apply. Investing in a group variable
axis shows the investment style (value, blend, or growth.) A to 4.5 years or less, "Moderate" equal to 4.5 years to less annuity involves risk, including possible loss of principal.
darkened cell in the style box matrix indicates the weighted than 7 years; and "Extensive" equal to more than 7 years. For
average style of the portfolio. portfolios assigned to Morningstar categories other than U.S. Group annuity contract (Form 728 LGAM-U-Rev. and Form
For portfolios holding fixed-income investments, a Fixed Taxable, including all domiciled outside the United States, 728-LGAI-U-Rev.) is issued by United of Omaha Life Insurance
Income Style Box is calculated. The vertical axis shows the static duration breakpoints are also used: "Limited" equals Company, Omaha, NE 68175, which accepts full responsibility
credit quality based on credit ratings and the horizontal axis less than or equal to 3.5 years, "Moderate" equals greater for all its contractual obligations under the contract.
shows interest-rate sensitivity as measured by effective than 3.5 years but less than or equal to 6 years, and Payments and values provided by this contract that are based
duration. There are three credit categories - "High", "Extensive" is assigned to portfolios with effective durations on investment results of the separate account are variable
"Medium", and "Low"; and there are three interest rate of more than 6 years. Note: Interest-rate sensitivity for non- and specific dollar amounts are not guaranteed. Investment
sensitivity categories - "Limited", "Moderate", and "Extensive"; U.S. domiciled portfolios (excluding those in Morningstar options are offered through a group annuity separate account
resulting in nine possible combinations. As in the Equity Style convertible categories) may be assigned using average rider (Form 625-GAQR-09, Form 625-GAQR-09(VA) or Form
Box, the combination of credit and interest rate sensitivity for modified duration when average effective duration is not 625-GAQR-11) underwritten by United of Omaha Life
a portfolio is represented by a darkened square in the matrix. available. Insurance Company, Omaha, NE 68175, which accepts full
Morningstar uses credit rating information from credit rating For portfolios Morningstar classifies as U.S. Taxable Fixed- responsibility for all of United's contractual obligations under
agencies (CRAs) that have been designated Nationally Income, interest-rate sensitivity category assignment is the rider but does not guarantee any contributions or
Recognized Statistical Rating Organizations (NRSROs) by the based on the effective duration of the Morningstar Core Bond investment returns except as to the Guaranteed Account, as
Securities and Exchange Commission (SEC) in the United Index (MCBI). The classification assignment is dynamically provided under the rider. Neither United of Omaha Life
States. For a list of all NRSROs, please visit https:// determined relative to the benchmark index value. A Insurance Company nor its representatives or affiliates offers
www.sec.gov/ocr/ocr-current-nrsros.html.Additionally, "Limited" category will be assigned to portfolios whose investment advice in connection with the rider. For a
Morningstar will use credit ratings from CRAs which have average effective duration is between 25% to 75% of MCBI complete product description, including benefits and
been recognized by foreign regulatory institutions that are average effective duration, where the average effective limitations, please refer to the contract. This product is not
deemed the equivalent of the NRSRO designation. To duration is between 75% to 125% of the MCBI the portfolio available in New York, Oklahoma, or Puerto Rico.
determine the rating applicable to a holding and the will be classified as "Moderate", and those portfolios with an
subsequent holding weighted value of a portfolio two average effective duration value 125% or greater of the Investment options are offered through a group annuity
methods may be employed. First is a common methodology average effective duration of the MCBI will be classified as contract (Forms 728-GAQC-13, 728-GAQC-13 MN, 728-
approach where if a case exists such that two CRAs have "Extensive". GAQC-13 OR, or state equivalent) underwritten by United of
rated a holding, the lower rating of the two should be applied; Omaha Insurance Company, which accepts full responsibility
if three or more CRAs have rated a holding, the median rating Annual Turnover Ratio for all its contractual obligations under the contract. This
should be applied; and in cases where there are more than A proxy for how frequently a manager trades his or her product is not available in New York.
two ratings and a median rating cannot be determined, the portfolio.
lower of the two middle ratings should be applied. Please Employers and Plan Participants: Prior to selecting
Note: Morningstar, Inc. is not an NRSRO nor does it issue a Investment options are offered through a group variable investment options you should consider the investment
credit rating on the fund. Credit ratings for any security held in annuity contract (Forms 902-GAQC-09, 903-GAQC-14, 903- objectives, risks, fees and expenses of each option
carefully. For this and other important information,
a portfolio can change over time. Morningstar uses the credit GAQC-14 FL, 903-GAQC-14 MN, 903-GAQC-14 OR, 903- plan sponsors should review the fee disclosure
rating information to calculate a weighted-average credit GAQC-14 TX, or state equivalent) underwritten by United of document or the plan sponsor website. Participants
quality value for the portfolio. This value is based only upon Omaha Life Insurance Company for contracts issued in all should review enrollment materials or the participant
those holdings which are considered to be classified as "fixed states except New York. United of Omaha Life Insurance website. Read this information carefully.
RPD1707 ?2022 Morningstar, Inc., Morningstar Investment ProfilesTM 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
are responsible for any damages or losses arising from any use of information. Past performance is no guarantee of future performance. Visit our investment website at
09-30 www.morningstar.com.
Disclosure
For informational purposes only. Should not be construed as
legal or investment advice, a promise of benefit or guarantee
of investment performance.
The performance data quoted represents past performance
which does not guarantee future results. Current performance
may be lower or higher than those shown. The investment
return and principal value will change with market conditions,
so when redeemed, you may have a gain or loss.
Not FDIC Insured - May Lose Value - No Bank
Guarantee
RPD1707 ?2022 Morningstar, Inc., Morningstar Investment ProfilesTM 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
are responsible for any damages or losses arising from any use of information. Past performance is no guarantee of future performance. Visit our investment website at
09-30 www.morningstar.com.

When do 1099 are get sent out?When Is the 1099-R Form Available? The IRS requires those who pay out a distribution to send this form to anyone who got the distribution by January 31 of the year following the year the money got distributed. This follows the same time rules as the IRS expects of an employer to send W-2 forms.

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