Target Date Funds – part of our lineup of investment options – do the asset allocation for you by offering a pre-packaged mix of professionally allocated investment options. The pre-mixed funds are diversified selections of investments (typically stocks and bonds) that adjust their risk levels automatically (becoming more conservative) as you near retirement.
The date in a target date fund's name is the approximate date you are expected to retire (or start withdrawing your money). As with all investments, there are risks and the principal value of the fund is not guaranteed at any time.