Macroeconomic Backdrop
Markets entered 2026 with mixed signals: moderating inflation, uneven global growth, and central banks reassessing the pace of policy changes.
Equity markets have experienced rotations between growth and value leadership, while fixed income investors continue to reassess duration and credit risk.
Implications for Target Date Glide Paths
Our glide paths are designed to balance growth potential with downside risk management across market cycles, rather than reacting to short‑term headlines.
Within each vintage, we maintain diversified exposures across asset classes and managers, with disciplined rebalancing that keeps allocations aligned with long‑term objectives.
What Plan Sponsors Should Watch
Focus on whether your plan’s investment menu and default options remain appropriate for your participant demographics and risk tolerance.
Partner with your 3(38) investment manager to review performance in the context of risk, fees, and long‑term objectives—not just recent returns.