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Target Fund
(redirected from Target Funds)

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Target Fund
A mutual fund that invests exclusively in bonds with maturities around a certain date. Once that date is reached, all proceeds are distributed to shareholders; the fund liquidates and ceases to exist. A target fund operates much like a unit investment trust (UIT) because both have final maturity dates; however, a target fund is actively managed, while a UIT is not.
target fund
A specialized self-liquidating mutual fund that invests in bonds maturing around a specific date. After the last maturity, the fund distributes its assets to the owners and ceases business. The limited life of the fund makes it much like a unit trust except that the portfolio is managed. An annual management fee is charged.
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Last week the Fed's Open Market Committee voted 9-1 to keep the target funds rate at 0 per cent to 0.
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February 1994: Starting with this FOMC meeting, the Committee released a press statement describing its policy action at the conclusion of any meeting at which the Committee changed the target funds rate.
How predictable is Fed policy? by Poole, William / Federal Reserve Bank of St. Louis Review
 
 
 
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