Target Payout Fund
The investment seeks to provide current income with some capital appreciation. Its asset allocation is the most conservative out of all the Target Date Funds.
The Target Payout Fund should provide a diversified investment that is appropriate for an investor whose Target Date Fund has reached its maturity. This fund is for members who have reached retirement and have begun taking distributions from their account.
The Target Payout Fund aims at minimizing your accounts exposure to fluctuation of returns, including negative returns, especially over short time periods.
- View: Morningstar Fund Profile