A specialized mutual fund that invests exclusively in bonds that mature at a specific target date. Once the maturity date is reached, all the proceeds are distributed to shareholders and the fund self-liquidates, ceasing to exist. While similar to a unit investment fund (UIT), unlike UITs a target fund is actively managed and a management fee is charged annually.
Related information about target fund:
- Target-Date Fund Definition | Investopedia
A mutual fund in the hybrid category that automatically resets the asset mix ( stocks, bonds, cash equivalents) in its portfolio according to a selected time frame ...
- Target Funds Under Fire
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- Target Fund - Financial Dictionary - The Free Dictionary
A mutual fund that invests exclusively in bonds with maturities around a certain date. Once that date is reached, all proceeds are distributed to shareholders; the ...
- Target-date funds: 3 things to know - Jul. 31, 2012
Jul 31, 2012 ... According to a survey commissioned by the Securities and Exchange Commission, more than half of target-fund owners believe a fund will hold ...
- FTRAX - Franklin Templeton 2015 Retirement Target Fund ...
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- Target Retirement Funds: Charles Schwab: Schwab Target Funds
Each target fund has its own investment objective and automatically adjusts its asset allocation to meet ... Chart showing target fund asset allocation over time.
- Vanguard - Vanguard Target Retirement 2040 Fund
This mutual fund profile of the Target Retirement 2040 provides details such as the fund objective, average annual total returns, after-tax returns, initial minimum ...
- The Truth Behind Target Funds - SmartMoney.com
Mar 21, 2012 ... The 401(k) fixtures have come under fire for poor performance and high costs. Here's what investors should consider.