This investment option represents a diversified portfolio designed for individuals planning to retire around the year 2055. It typically comprises a mix of domestic and international stocks, bonds, and other asset classes. The asset allocation is automatically adjusted over time, becoming more conservative as the target retirement date approaches. The “Trust Plus” designation often signifies additional features or services available to certain investors, potentially including institutional share class access or specialized advisory services.
A key advantage of this type of investment strategy is its simplicity and hands-off approach. It eliminates the need for investors to actively manage their portfolios, rebalance assets, or select individual securities. This automated management aims to reduce risk and maximize returns over the long term, aligned with the projected retirement horizon. Historically, such target-date funds have gained popularity as a straightforward solution for retirement planning.
