The S&P Shift To Retirement Income and Decumulation (STRIDE) Index Series represents a life cycle, rules-based transition from growth assets to a hedged stream of inflation-adjusted retirement income. The S&P STRIDE TIPS-Lockbox 2040 Index Net Decumulation Rate tracks a strategy that does not reduce index weight in TIPS-LDI once it is established. The index does, however, rebalance between equity and nominal bond indices as explained in the methodology. This index reflects the total return of the index's remaining portfolio after commencing hypothetical payouts in the target year and provides an indication of the remaining pool given the unique payout structure.
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