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life-cycle fund

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life-cycle fund
A mutual fund that maintains a certain mix of stocks and bonds in order to attract investors of a given age and risk preference. Mutual fund families sometimes offer several different life-cycle funds with various asset allocations so as to appeal to investors of different ages.
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Broadly, life-cycle funds provide a well-diversified investment solution in a single fund.
Vanguard Target Retirement Funds Open to Investors; New Study by ... by Business Wire
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