target retirement fund

Definition

A mutual fund comprised of a portfolio of mutual funds which are allocated between conservative investments and more aggressive investment according to the financial life cycle of the investor. For an investor targeting 2020 as a retirement date, the fund will gradually adjust its allocation towards more conservative investments as the target date approached.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
target price target risk fund