Target date fund

{
  "id": "MLC-T-FIN-000373",
  "term": "Target date fund",
  "field": "Finance and investing",
  "term_source": "Target Date Fund",
  "definition": "A diversified fund, often a mutual fund or exchange-traded fund (ETF), that automatically shifts towards a more conservative mix of investments as it approaches a particular year in the future, known as its \"target date.\" A target date fund investor picks a fund with the right target date based on his or her particular investment goal. The managers of the fund then make all decisions about asset allocation, diversification, and rebalancing. Target date funds also are known as lifecycle funds.",
  "abbreviation": "TDF",
  "synonyms": [
    "target date retirement fund"
  ],
  "references": [
    "SEC Investor.gov Glossary"
  ],
  "url": "https://mlchart.com/terminology/finance/target-date-fund/"
}