Navigator Target Date Retirement
Asset Class: Allocation
The Navigator Target Date Retirement account allocates stocks, bonds, and cash for investors already in or entering retirement. These portfolios tend to be managed with more of a conservative asset allocation strategy. These portfolios aim to provide investors with steady current income throughout retirement. Each account is customized to meet individual goals.
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The S&P Target Date Retirement Income Index is designed to serve as the ultimate endpoint for all assets tracking other indices in the S&P Target Date Index Series. When an index in the S&P Target Date Index Series is retired, any funds tracking that index will have the assets rolled into a fund that tracks the S&P Target Date Retirement Income Index.
The account manager strives to maintain the following asset allocation. Investors can use this information when determining suitability and risk.
Investments that fall into the Allocation category expose investors to medium levels of risk and are subject to average market volatility and fluctuations in price.
We suggest investors adopt the following outlook regarding their investments in this category.
- maintain a long-term (more than 10 years) time horizon for capital you commit to this category
- invest in this category only if you are seeking growth and income, and are able to bear the risks associated with medium levels of volatility
- understand that there will likely be periods of declines in share prices and be prepared for such declines
We believe the Navigator Target Date Retirement account may potentially provide opportunities for investors with the following investment objectives:
If you are unsure which investment objectives make sense for you, or if you are new to investing, you should consider consulting with a registered investment professional before committing any capital.
What are investment objectives and why do they matter?
Investment objectives are criteria that represent your financial goals. They are extremely important in helping you and your investment team (advisor, attorney, accountant) understand your tolerance and capacity for risk, your time horizon, and which types of investments (asset classes, etc) align with your goals. If you start investing before having a clear picture of your investment objectives you could end with an investment portfolio that does not align with your goals. Explore investment objectives.
Contact us at 1-844-GALLEON to speak to an advisor who can guide you through the process.
The Navigator Target Date Retirement account represents an investment portfolio of securities that have been analyzed and preselected by us.
It seeks to track the performance of the S&P TARGET DATE RETIREMENT INCOME INDEX (TR), an unmanaged benchmark. Unless otherwise noted, the portfolio holds all securities in equal weight. The manager rebalances the positions held within the portfolio annually. The manager uses portfolio management software to create the correct balance and to track its performance. When positions held within the portfolio are no longer available (which happens usually when a security matures, becomes unlisted, or is no longer traded due to a merger or acquisition), the cash received from the sale of the security is not reinvested until the account is rebalanced. Idle cash earns interest at a rate determined by the custodian.
Global Advisers, LLC is a registered investment advisory firm based in Philadelphia, Pennsylvania. Its Chief Investment Officer, Stephen Kovach, oversees the management of the account. Stephen is a member of the CFP Board and he has been a regular member of the CFA Institute since 2000. Firm CRD #175181
Chief Investment Officer
Worked in investment management since 1993.
B.A., Harvard University
M.A., Harvard University
Advanced Undergraduate Diploma, University of Oxford
International Finance, Executive Education, Harvard Law School
Navigator Target Date Retirement account management fees
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*This fee calculator assumes the annual Core fee for the Navigator Target Date Retirement account, which is 0.30%. Fee calculator results do not take market value fluctuations, withdrawals, deposits, or other account activity into consideration. The custodian may charge a commission when securities are bought or sold in Core accounts. Commissions, expense ratios (if any), and other fees (if any) are not calculated in this simulation. For informational purposes only.
Fees over ten years*
We believe in a long-term approach to investing. Enter the amount you want to invest into the Navigator Target Date Retirement account and see what your fees might be over a ten-year period of time. Note that fees will fluctuate as the value of the account changes.
1. Mutual funds and other types of investment companies may charge an expense ratio, which is a measurement of how much of a fund’s assets are used for administrative and other operating expenses. Comparatively, all Galleon Core accounts have a 0.0% expense ratio unless otherwise noted. We make every effort to avoid additional fees provided that doing so does not conflict with the primary goals and objectives of the account. While our primary goal is to avoid including mutual funds in Core accounts, there may be times when we include them. As a result, the expense ratio will be derived solely from those mutual funds. The expense ratio for all Core accounts is based on the average of all investments held within the account that charge an expense fee. Global Advisers does not charge an expense fee. All expense fees are implemented by the issuing investment company. Global Advisers has no control over expense fees. Expense fees are subject to change without prior notice.
2. Our custodian usually charges a commission to place trades in the account. We do not earn any money from commissions or markups.
3. Our management fees for all Core accounts are based on a flat fee exclusive of total assets under management (AUM).
4. Some mutual funds or other types of investments may have a minimum requirement.
5. Figures include reinvestment of dividends and capital gains but don’t reflect the effect of any fees or commissions, which would lower these figures. The initial investment used in the graph may be higher or lower than the initial minimum amount required to invest in each account. The performance of an index is not an exact representation of any particular investment, as you cannot invest directly in an index. Past performance cannot be used to predict future returns. The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate. This means that when you sell the positions in your account, they may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited.
6. The portfolio composition may change without prior notice. Core accounts are typically rebalanced either quarterly or annually, but the account manager may elect to change the composition at any time.
7. There are many types of risk, including interest rate, market, political, and currency. Each type of risk can affect the value of the securities in your account.
The expense ratio displayed represents a snapshot in time for when this report was published.
Some accounts also offer institutional shares, which typically have a minimum initial investment of $100 million and are reserved for large institutional investors.
Institutional clients: Please call us for special eligibility rules that may apply to you.
All information for a Core account prior to its Launch Date is hypothetical and back-tested, not actual performance, based on the methodology in effect on the Launch Date. Back-tested performance reflects the application of a methodology and selection of components with the benefit of hindsight and knowledge of factors that may have positively affected its performance, cannot account for all financial risks that may affect results, and may be considered to reflect survivor/look-ahead bias. Actual returns may differ from, and be lower than, back-tested returns. Past performance is not an indication or guarantee of future results. This back-tested data may have been created using a “Backward Data Assumption”. For more information on “Backward Data Assumption” and back-testing in general, please see the Performance Disclosure.
Brokerage and insurance products: Are not deposits • Are not FDIC-insured • Are not insured by any federal government agency • Are not guaranteed by the bank or any affiliate of the bank • May lose value