©2025 Morningstar Investment Management LLC. All rights reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. Morningstar Retirement offers research- and technology-driven products and services to individuals, workplace retirement plans, and other industry players. Associated advisory services are provided by Morningstar Investment Management LLC, a registered investment adviser and subsidiary of Morningstar, Inc.
Morningstar Investment Management acts as a non-discretionary sub-adviser to several collective investment trusts (CITs) by monitoring performance and tracking error of the CIT and providing recommendations on the ongoing management of the CIT. Morningstar Investment Management is not acting in the capacity of adviser to individual investors in a CIT.
Diversification and asset allocation strategies do not ensure a profit and cannot protect against losses in a declining market.
The information contained in this document does not constitute a distribution, nor should it be considered a recommendation to purchase or sell any particular security or fund. The offering and sale of the participation units in a CIT in certain jurisdictions may be restricted by law. CITs are not insured by the FDIC or any other agency. CITs are not mutual funds. A CIT is a security which has not been registered under the Securities Act of 1933 and is exempt from investment company registration under the Investment Company Act of 1940, as amended.
An investment in a target date fund, collective investment trust, target date service, or custom model is not guaranteed, and an investor may experience losses, including losses near, at, or after a target date. There is no guarantee that an investment will provide adequate income at and through an investor’s retirement. Morningstar Investment Management does not guarantee the objectives, performance, risk, or return targets of an investment will be achieved.
Morningstar Investment Management LLC offers glide path selection services to assist plan sponsors in the determination of an appropriate glide path for their plan. Estimated plan participant asset allocations are determined using basic data provided by the plan sponsor, which Morningstar Investment Management does not independently verify. Particular investment options may not be appropriate investments for a plan, and there may be other investment options that are more suitable. The information, data, and opinions that are part of the tool and any related output generated includes proprietary information of Morningstar Investment Management and may not be copied or redistributed for any purpose. Morningstar Investment Management does not warrant this information to be accurate, complete, or timely and is not responsible for any damages or losses arising from the use of this information. Glide path selection services should not be the only method by which an investment or a particular investment option is chosen for a plan. This service is provided for informational purposes only to assist the plan sponsor or other fiduciary in the determination of appropriate services for their plan. Morningstar Investment Management shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses or opinions or their use. Morningstar Investment Management does not guarantee the results of glide path selection services’ analysis, their advice, recommendations, or the objectives of a glide path selected based on this analysis will be achieved.
