A target date fund (TDF), also known as a lifecycle fund, dynamic-risk fund, or age-based fund, is a collective investment scheme, often a mutual fund or a collective trust fund, designed to provide a simple investment solution through a portfolio whose asset allocation mix becomes more conservative as the target date (usually retirement) approaches.[1]
- ^ Lemke, Thomas P. (2013). "§2:125". ERISA for Money Managers. Thomson West. ISBN 9780314612618.