Industry description
The investment seeks to provide total return consistent with an asset allocation targeted at retirement in approximately 2065.
The fund invests primarily in a combination of underlying funds, which are actively managed funds or passively managed funds. The underlying funds invest in U.S. stocks, international stocks, U.S. bonds, and other debt instruments and the fund uses an asset allocation strategy designed for investors expecting to retire around the year 2065. The fund's current approximate target investment allocation among the underlying funds is as follows: 95% in equity securities and 5% in debt instruments.