Industry description
The investment seeks to provide total return consistent with an asset allocation targeted at retirement in approximately 2025.
The Portfolio invests primarily in a combination of actively managed funds and passively managed index funds,including exchange-traded funds ( “ETFs”). The underlying funds may or may not be affiliated with the investment adviser. The underlying funds invest in U.S. stocks, international stocks, U.S. bonds, and other debt instruments and the Portfolio uses an asset allocation strategy designed for investors expecting to retire around the year 2025.