Phillips 66 Savings Plan


Securities generally fall into one of three asset classes: short-term reserves, bonds, or stocks. Each one involves different risks and potential returns. You can mix different types of investments to come up with the combination of risk and potential return that's right for you. For details about each asset class, see the Investment Glossary.

You may choose funds from the plan's investment options. For the fund fact sheet for each investment option, select the fund name. If you don't make an investment election, your savings will be invested in the Vanguard® Target Retirement Trust Plus with the target date closest to the year you will reach age 65. Target Retirement Trusts serve as the plan's default option.

Fund Restrictions
There are certain restrictions you should know about. They can be found here.

Whenever you invest, there's a chance you could lose the money. Target-date investments are subject to the risks of their underlying funds. The year in the investment name refers to the approximate year (the target date) when an investor would retire and leave the workforce. The investment will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. A target-date investment is not guaranteed at any time, including on or after the target date. Bond funds are made up of IOUs, primarily from companies or governments. These funds risk losing value if the debt isn’t repaid on time. Also, bond prices can drop when interest rates rise or the issuer’s reputation suffers.

Vanguard Target Retirement Trusts Plus are collective trusts, not mutual funds. This type of investment is offered only in retirement plans like yours. Before you invest, get the details. Know and carefully consider the objective, risks, charges, and expenses. Vanguard Fiduciary Trust Company manages the Vanguard collective trusts.

Vanguard is a trademark of the Vanguard Group, Inc.