Industry description
The investment seeks capital appreciation and income consistent with its current asset allocation.
The fund is a "fund of funds" that invests primarily in affiliated mutual funds representing a variety of asset classes. It invests in a professionally selected mix of different asset classes that is tailored for investors planning to retire in, or close to, the year 2040. The fund allocated approximately 54% of its net assets in U.S. stocks (including smaller company stocks), approximately 22% in international stocks, and approximately 24% in bonds.