target fund

(redirected from Target Funds)

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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The Company has received from International Fund Services a series of Investor Transparency Reports relating to the Net Asset Value of the Master Fund and certain of the Target Funds it administers as at 30 September 2015.
The Legislative Chamber of the Uzbek Parliament adopted the public budget, budgets of state target funds, and the main directions of tax and budget policy for 2015 at the session on October 22.
The countries and regions that both of the target funds are investing- United States, Canada and Europe-have (a) promising outlook in terms of growth.
The dividend for each of the Target Funds will be distributed to shareholders in cash, notwithstanding any shareholder's enrollment in the Target Fund's dividend reinvestment plan.
Last week the Fed's Open Market Committee voted 9-1 to keep the target funds rate at 0 per cent to 0.
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.
What I hope we can do in discussion with partners and the company is, if needed, secure a special and additional package for Jaguar which, given these special circumstances, we will be able to target funds for those in need of training or at risk of unemployment.
But a city council spokesman said: "This will enable us to target funds more effectively.
Unfortunately, it is difficult to consider tradeoffs within the array of federal aid programs that would target funds to those students demonstrating the most financial need.
This measure, modeled after an NLC proposal of the same name, would target funds to localities to mitigate traffic congestion.
With the target funds rate at 1%, substantial further conventional easings could be implemented if the FOMC judged such policy actions warranted,'' he said, referring to the Fed's policy-setting Federal Open Market Committee.
The initiative, which starts in April 2002, will target funds and resources to communities within these five areas with the aim of increasing awareness and producing good quality applications, particularly those providing for long-term sustainable projects.