LifeSpan® Asset Allocation Models
LifeSpan® asset allocation models can simplify your decisions.
LifeSpan® asset allocation models, a mix of funds from your retirement plan, are available to help you take the guesswork out
investing for retirement. Rather than constructing a portfolio using the investment options in your employer-sponsored
retirement program, you simply choose one asset allocation model.
If your retirement is a long-term goal:
LifeSpan® Risk-based asset allocation models may be right for you. Detailed information can be found on the
following pages titled LifeSpan® Risk-based asset allocation models.
If your retirement is a long-term goal:
LifeSpan® Time-based asset allocation models may be right for you. Detailed information can be found on the
following pages titled LifeSpan® Time-based asset allocation models.
If your retirement is a short-term goal:
The LifeSpan® Retirement Income model may be right for you. This model uses an asset allocation strategy designed
for an investor who is retired or about to retire. Detailed information can be found on the pages titled LifeSpan® Asset
Allocation Retirement Income model.
While the LifeSpan® Asset Allocation retirement income name implies the receipt of income in retirement there is no
guarantee that the model will provide adequate income at and/or through retirement nor does it assume or require a
participant to take retirement income while invested in the retirement income model.
Each LifeSpan® asset allocation model is a prebuilt investment portfolio. Each provides:
Strategic diversification across asset classes. Each model is a carefully selected mix of investment options—stockand bond-based mutual funds, and cash/stable value options—from your retirement program.
Professional management of the asset allocation mix. The LifeSpan® models are developed by Yentis & Associates,
Inc., an independent, fee-based registered investment advisor (RIA). Lincoln Financial Group does not develop
LifeSpan® models.
Convenience. Choose one and you’re done!
Investing can be as simple as ABC.
A
Determine your risk tolerance—the level of investment risk with which you’re
comfortable.
B
Match your risk tolerance with your time horizon—the number of years that your
investments have the potential to grow. Your time horizon may be influenced by
your projected retirement date. Generally, the longer you can invest before you
intend to withdraw your money, the greater the level of risk you can take.
C
Choose one asset allocation model that best aligns with your risk tolerance and
time horizon. It’s that easy. Imagine all the time and effort you’ll save!
LifeSpan® Asset Allocation Models
LifeSpan® Risk-based Models
Designed for investors whose retirement is a long-term goal
Take the guesswork out of investing for retirement. Consider LifeSpan® Asset Allocation models. Rather than constructing a
portfolio using the investment options in your employer-sponsored retirement program, you simply choose one asset allocation
model. Asset allocation is a tool used to diversify assets, but it does not eliminate risk, does not guarantee a profitable
investment return, and does not guarantee against a loss. It is a method used to manage risk.
Determine your risk tolerance—the level of investment risk with which you’re comfortable. Take the investor profile quiz.
Investor Profile Quiz
Conservative
Moderate
Aggressive
Within 5 years
6–10 years
11–15 years
15+ years
5 POINTS
10 POINTS
15 POINTS
20 POINTS

How much money do you
have in savings for major
expenses and emergencies?
I have no
savings.
5 POINTS
I have some
savings.
10 POINTS
I have adequate
savings.
15 POINTS
I have substantial
savings.
20 POINTS

What would you do if one
of your investments
dropped – for example,
from $1,000 to $850 (15%)
– in one month?
Immediately
sell my
investment!
Wait cautiously.
Sell if it
continues to drop.
Hold. I’m
invested for
the long term.
It’s an opportunity!
I’d deposit more money
into this investment.
5 POINTS
10 POINTS
15 POINTS
20 POINTS

When do you plan to retire?
Your score may help determine your investor risk
profile. However, it should not be your only
measurement when planning your investment mix.
Your investor
profile score:
LifeSpan® Asset Allocation Models
LifeSpan® Risk-based Models
Designed for investors whose retirement is a long-term goal
Find your Investor Profile Quiz score below to help you select the model that best aligns with your risk tolerance.
Under 29 points
29-45 points
Over 45 points
Conservative Model
Moderate Model
Aggressive Model
Stable Value Investments
40%
40%
Lincoln Stable Value Account
Bond-based Investments
Stable Value Investments
10%
25%
10%
Lincoln Stable Value Account
Bond-based Investments
Stable Value Investments
5%
30%
5%
Lincoln Stable Value Account
Bond-based Investments
10%
13%
PIMCO Total Return Instl
15%
PIMCO Total Return Instl
5%
PIMCO Total Return Instl
12%
Vanguard Total Bond Market Index I
15%
Vanguard Total Bond Market Index I
5%
Vanguard Total Bond Market Index I
Stock-based Investments
35%
Stock-based Investments
60%
Stock-based Investments
85%
2%
AllianzGI NFJ Dividend Value Admin
8%
AllianzGI NFJ Dividend Value Admin
10%
AllianzGI NFJ Dividend Value Admin
3%
American Funds EuroPacific Gr A
4%
AllianzGI NFJ Small-Cap Value Admin
8%
AllianzGI NFJ Small-Cap Value Admin
3%
10%
American Funds Washington Mutual A
Invesco Equity and Income Y
5%
9%
American Funds EuroPacific Gr A
American Funds Washington Mutual A
8%
10%
American Funds EuroPacific Gr A
American Funds Washington Mutual A
10%
MainStay Large Cap Growth R1
MainStay Large Cap Growth R1
20%
MainStay Large Cap Growth R1
18%
2%
Oppenheimer Global Y
3%
Morgan Stanley Inst Mid Cap Growth I
7%
Morgan Stanley Inst Mid Cap Growth I
5%
Vanguard Institutional Index I
5%
Oppenheimer Global Y
7%
Oppenheimer Global Y
4%
Perkins Mid Cap Value T
7%
Perkins Mid Cap Value T
4%
Prudential Jennison Small Company Z
8%
Prudential Jennison Small Company Z
LifeSpan® Asset Allocation Models
LifeSpan® Time-based Models
Designed for investors whose retirement is a long-term goal
Take the guesswork out of investing for retirement. Consider LifeSpan® Asset Allocation models. Rather than constructing a
portfolio using the investment options in your employer-sponsored retirement program, you simply choose one asset allocation
model. Asset allocation is a tool used to diversify assets, but it does not eliminate risk, does not guarantee a profitable
investment return, and does not guarantee against a loss. It is a method used to manage risk.
Choose one time-based asset allocation model that best aligns with your time horizon—the number of years that your
investments have the potential to grow. Remember, your time horizon may be influenced by your projected retirement date.
LifeSpan® Asset Allocation Models
LifeSpan® Time-based Models
Designed for investors whose retirement is a long-term goal
2015 Model
Stable Value Investments
59%
2020 Model
59%
Lincoln Stable Value
Account
Bond-based Investments
Stable Value Investments
48%
12%
2025 Model
48%
Lincoln Stable Value
Account
Bond-based Investments
Stable Value Investments
41%
15%
2030 Model
41%
Lincoln Stable Value
Account
Bond-based Investments
Stable Value Investments
35%
14%
35%
Lincoln Stable Value
Account
Bond-based Investments
13%
6%
PIMCO Total Return Instl
8%
PIMCO Total Return Instl
7%
PIMCO Total Return Instl
7%
PIMCO Total Return Instl
6%
Vanguard Total Bond Market
Index I
7%
Vanguard Total Bond Market
Index I
7%
Vanguard Total Bond Market
Index I
6%
Vanguard Total Bond Market
Index I
Stock-based Investments
29%
Stock-based Investments
37%
Stock-based Investments
45%
Stock-based Investments
52%
3%
AllianzGI NFJ Dividend
Value Admin
4%
AllianzGI NFJ Dividend
Value Admin
6%
AllianzGI NFJ Dividend
Value Admin
7%
AllianzGI NFJ Dividend
Value Admin
2%
AllianzGI NFJ Small-Cap
Value Admin
3%
AllianzGI NFJ Small-Cap
Value Admin
3%
AllianzGI NFJ Small-Cap
Value Admin
4%
AllianzGI NFJ Small-Cap
Value Admin
4%
American Funds EuroPacific
Gr A
5%
American Funds EuroPacific
Gr A
5%
American Funds EuroPacific
Gr A
5%
American Funds EuroPacific
Gr A
4%
American Funds Washington
Mutual A
MainStay Large Cap Growth
R1
5%
American Funds Washington
Mutual A
MainStay Large Cap Growth
R1
6%
American Funds Washington
Mutual A
MainStay Large Cap Growth
R1
7%
American Funds Washington
Mutual A
MainStay Large Cap Growth
R1
8%
1%
10%
2%
3%
Morgan Stanley Inst Mid
Cap Growth I
Oppenheimer Global Y
2%
Perkins Mid Cap Value T
2%
Prudential Jennison Small
Company Z
13%
2%
4%
Morgan Stanley Inst Mid Cap
Growth I
Oppenheimer Global Y
2%
Perkins Mid Cap Value T
2%
Prudential Jennison Small
Company Z
15%
3%
4%
Morgan Stanley Inst Mid Cap
Growth I
Oppenheimer Global Y
4%
Morgan Stanley Inst Mid Cap
Growth I
Oppenheimer Global Y
3%
Perkins Mid Cap Value T
3%
Perkins Mid Cap Value T
3%
Prudential Jennison Small
Company Z
4%
Prudential Jennison Small
Company Z
LifeSpan® Asset Allocation Models
LifeSpan® Time-based Models
Designed for investors whose retirement is a long-term goal
2035 Model
2040 Model
2045 Model
2050 Model
2055 Model
Stable Value
31%
Investments
31% Lincoln Stable Value
Account
Stable Value
28%
Investments
28% Lincoln Stable Value
Account
Stable Value
26%
Investments
26% Lincoln Stable Value
Account
Stable Value
24%
Investments
24% Lincoln Stable Value
Account
Stable Value
21%
Investments
21% Lincoln Stable Value
Account
Bond-based
12%
Investments
6% PIMCO Total Return
Instl
6% Vanguard Total Bond
Market Index I
Bond-based
12%
Investments
6% PIMCO Total Return
Instl
6% Vanguard Total Bond
Market Index I
Bond-based
11%
Investments
6% PIMCO Total Return
Instl
5% Vanguard Total Bond
Market Index I
Bond-based
10%
Investments
5% PIMCO Total Return
Instl
5% Vanguard Total Bond
Market Index I
Bond-based
9%
Investments
5% PIMCO Total Return
Instl
4% Vanguard Total Bond
Market Index I
Stock-based
57%
Investments
8% AllianzGI NFJ
Dividend Value
Admin
Stock-based
60%
Investments
8% AllianzGI NFJ
Dividend Value
Admin
Stock-based
63%
Investments
8% AllianzGI NFJ
Dividend Value
Admin
Stock-based
66%
Investments
9% AllianzGI NFJ
Dividend Value
Admin
Stock-based
70%
Investments
9% AllianzGI NFJ
Dividend Value
Admin
4%
AllianzGI NFJ
Small-Cap Value
Admin
American Funds
EuroPacific Gr A
4%
AllianzGI NFJ
Small-Cap Value
Admin
American Funds
EuroPacific Gr A
5%
AllianzGI NFJ
Small-Cap Value
Admin
American Funds
EuroPacific Gr A
5%
8%
American Funds
Washington Mutual
A
9%
American Funds
Washington Mutual
A
9%
American Funds
Washington Mutual
A
16%
MainStay Large Cap
Growth R1
17%
MainStay Large Cap
Growth R1
18%
4%
Morgan Stanley Inst
Mid Cap Growth I
4%
Morgan Stanley Inst
Mid Cap Growth I
4%
Oppenheimer Global
Y
5%
4%
Perkins Mid Cap
Value T
4%
Prudential Jennison
Small Company Z
5%
AllianzGI NFJ
Small-Cap Value
Admin
American Funds
EuroPacific Gr A
6%
9%
American Funds
Washington Mutual
A
9%
American Funds
Washington Mutual
A
MainStay Large Cap
Growth R1
18%
MainStay Large Cap
Growth R1
19%
MainStay Large Cap
Growth R1
4%
Morgan Stanley Inst
Mid Cap Growth I
4%
Morgan Stanley Inst
Mid Cap Growth I
5%
Morgan Stanley Inst
Mid Cap Growth I
Oppenheimer Global
Y
5%
Oppenheimer Global
Y
6%
Oppenheimer Global
Y
6%
Oppenheimer Global
Y
4%
Perkins Mid Cap
Value T
4%
Perkins Mid Cap
Value T
4%
Perkins Mid Cap
Value T
5%
Perkins Mid Cap
Value T
4%
Prudential Jennison
Small Company Z
4%
Prudential Jennison
Small Company Z
5%
Prudential Jennison
Small Company Z
5%
Prudential Jennison
Small Company Z
5%
6%
6%
6%
AllianzGI NFJ
Small-Cap Value
Admin
American Funds
EuroPacific Gr A
LifeSpan® Asset Allocation Models
LifeSpan® Retirement Income Model
LifeSpan® retirement income models use an asset allocation strategy for an investor who is retired or about to retire. Assets in
LifeSpan® Asset Allocation models that reach maturity are automatically transferred to corresponding LifeSpan® retirement
income models. Asset allocation in retirement income models is identical to corresponding models at the maturity of the
models. The primary goal is to generate retirement income and preservation of the capital; the secondary goal is growth that
outpaces inflation.
While the LifeSpan® retirement income name implies the receipt of income in retirement there is no guarantee that the model
will provide adequate income at and/or through retirement nor does it assume or require a participant to take retirement income
while invested in the retirement income model.
As with the LifeSpan® Asset Allocation models, rather than construct a portfolio using the investment options in your
employer-sponsored retirement program, you simply choose one LifeSpan® retirement income model.
Retirement Income Model
Stable Value Investments
65%
Lincoln Stable Value Account
Bond-based Investments
5%
5%
65%
10%
PIMCO Total Return Instl
Vanguard Total Bond Market Index I
Stock-based Investments
25%
3%
AllianzGI NFJ Dividend Value Admin
2%
AllianzGI NFJ Small-Cap Value Admin
3%
American Funds EuroPacific Gr A
4%
American Funds Washington Mutual A
8%
1%
MainStay Large Cap Growth R1
Morgan Stanley Inst Mid Cap Growth I
2%
Oppenheimer Global Y
1%
Perkins Mid Cap Value T
1%
Prudential Jennison Small Company Z
While the LifeSpan® retirement income name implies the receipt of income in retirement, there is no guarantee that the model will provide adequate income at
and/or through retirement, nor does it assume or require a participant to take retirement income while invested in the retirement income model. Asset
allocation, a tool used to diversify assets, does not eliminate risk, does not guarantee a profitable investment return, and does not guarantee against a loss. It is
a method used to manage risk.
Retirement income models are not designed to provide for plan distributions/withdrawals over a set period or to guarantee a return of principal. Plan
distributions/withdrawals will reduce the investment balance and future returns are not earned on amounts withdrawn. The retirement income models may not
be appropriate for all plan participants. As with any asset allocation model, there is no guarantee that a model will achieve its objective. A model’s underlying
funds’ share prices fluctuate, which means you could lose money by investing in accordance with the model allocations.
LifeSpan® Asset Allocation Models
The LifeSpan® models are based on generally accepted investment theories that take into account historical market
performance and investment principles specified by modern portfolio theory. The material facts and assumptions on which the
LifeSpan® models are based include the following: participant’s risk profile; participant’s distribution/retirement date; historical
market(s) performance; modern portfolio theory; investment risk/return interrelationship characteristics. The LifeSpan® models
generally include all of the investment options available. However, other investment options with similar risk and return
characteristics may be available under the plan. Information on these investment options may be found in the investment
section of your enrollment book or the fund prospectus. In applying particular asset allocation models to their individual
situations, participants or beneficiaries should consider their other assets, income, and investments (e.g., equity in a home, IRA
investments, savings accounts, and interests in other qualified and nonqualified plans) in addition to their interest in the plan.
By selecting a LifeSpan® model, participants may invest in the same percentages illustrated in that model. However, these
model portfolios are illustrations and investment education only. They are not intended as investment advice or
recommendations for any individual.
An asset allocation strategy and diversification may help reduce, but cannot eliminate risk of investment losses. There is no
guarantee that by assuming more risk, you will achieve higher returns.
For any investment option in the plan, including an option that is part of a model, you may obtain a prospectus or similar
document by requesting one from your employer, visiting your plan’s website or calling a Lincoln Financial representative at
800 234-3500.