Booz Allen Stable Value Investment Option September 30, 2019
Booz Allen Stable Value Investment Option
What is the investment objective?
The objective of the Stable Value Investment Option is to preserve capital, while maintaining liquidity to achieve income that is typically higher than money market funds.
What is the investment strategy?
The Stable Value Investment Option owns one or more wrap contracts issued by high quality financial institutions. The fixed income portfolio underlying the contracts is generally invested in high quality securities such as U.S. Treasury and Agency securities, investment grade corporate bonds, and mortgage-backed and assetbacked securities.
Is this investment option appropriate for me?
Research studies suggest that a well diversified investment portfolio will experience lower volatility than a less diversified portfolio. This investment option may be appropriate for investors seeking more income than money market funds without the price fluctuation of stock or bond funds.
What are the risks?
The return from this fund is generated by a portfolio of bonds with one or more wrap contracts. The bond portfolio will generally be invested in high quality securities. The wrap contract(s) provide a book value accounting feature (principal plus accrued interest) to the bond portfolio that is expected to produce a relatively stable annual return with low volatility in participant account balances.
June 30, 2023
Fund Performance
Estimated Q3 2023 Annualized Crediting Rate 2.97%
Q2 2023 Return
0.74%
Since Inception Annualized Return (08/01/2008) 2.86%
Note: Performance is estimated assuming participants earn approximately 1/12th of the annualized blended crediting rate each month.
Bond Portfolio Characteristics
Average Bond Portfolio Quality
AA
Duration
3.85
Fund Facts
Custodian.....................State Street Bank & Trust Co. Portfolio Manager......NISA Investment Advisors, LLC. Wrap Issuers.............Transamerica Life Insurance Company
(A1/A+/NR) Pacific Life Insurance Co. (Aa3/AA-/AA-) Voya Retirement Insurance and Annuity Company (A2/A+/A) Prudential Insurance Company of America (Aa3/AA-/AA-)
For More Information, contact: Booz Allen Hamilton, Inc.
1 All data as of June 30, 2023 unless noted otherwise. The crediting rate is provided to help participants make choices concerning their investment options. The crediting rate is an annual rate that changes each calendar quarter and may increase or decrease. Participants earn approximately 1/4th of the crediting rate each quarter.
Booz Allen Stable Value Investment Option
June 30, 2023
Portfolio Sector Composition
U.S. Treasuries U.S. Agencies Credit Mortgage-backed Securities Asset-backed Securities Short Term Investment Fund (STIF)
59.0% 2.7% 36.1% 0.0% 2.1% 0.1%
Bond Quality
AAA AA+ AA AAA+ A ABBB+ BBB BBBShort Term Investment Fund (STIF)
65.1% 1.8% 0.4% 1.7% 6.9% 3.8% 5.6% 5.4% 6.0% 3.1% 0.1%
Top Corporate Issuers*
Bank of America Corp. Morgan Stanley Mitsubishi UFJ Financial Group Pfizer Inc.
Florida Power & Light Co. J.P Morgan Chase & Co.
1.86% 1.38% 1.19% 1.11% 1.06% 0.94%
* Top Corporate Issuers calculation does not include Fund STIF balances
Glossary
Crediting Rate
? The assets in the Stable Value Investment Option grow at the crediting rate. The crediting rate is guaranteed by the wrap contract issuer and is reset at least quarterly. The crediting rate is reset based on various factors, including the performance of the assets and deposit and withdrawal experience.
Wrap Contract
? A contract issued by a bank or insurance company in which the contract holder owns an underlying portfolio of bonds. Wrap contracts guarantee a minimum crediting rate of zero.
The data supplied by NISA are based on trade date and calculated according to NISA's pricing policies. NISA maintains the data only for its portfolio management, guideline verification and performance calculation purposes and the data may differ from the recordkeeper. NISA does not provide pricing, recordkeeping, brokerage or any related services. You should compare and verify the information on this report with the information on the statement from the recordkeeper. Some numbers have been rounded and may not sum to 100% or reported totals.
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