Description

This fund employs an asset allocation strategy crafted for investors nearing retirement around the specific target year noted in its name. Its capital is diversified across various investment segments and subsidiary funds. These underlying holdings are overseen by the primary advisor or affiliated management entities, which directly purchase financial instruments. Adhering to a predetermined "glide path," the fund's asset allocation will systematically grow more conservative, gradually decreasing its equity exposure while expanding its fixed-income investments, a process that continues for roughly ten years beyond its designated target year.