Industry description
The investment seeks high total return until the fund's target retirement date, with a greater focus on income as the target date approaches.
The fund primarily invests its assets in underlying funds using an asset allocation strategy designed for investors expected to retire around the year 2035. The portfolio managers of the fund allocate assets among the underlying funds according to an asset allocation strategy that becomes increasingly conservative over time. The Portfolio has a target asset allocation of 60% of its assets in underlying funds that invest primarily in equity securities.