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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This budget will ensure we can target funds where they make the greatest impact, supporting the most vulnerable people and helping create the right conditions where everyone can thrive.
Kenanga Investors executive director and CEO Ismitz Matthew De Alwis, said, An example of this is the target funds (TCM Global Index Fund (Cayman) Ltd) performance in 2016, it was able to profit from
The procedure is then suspended until a decision by the anti-monopoly authority is reached, and the envisaged target funds in the budget will not be absorbed.
American Funds, for instance, won 24 Lipper awards for its American Funds Target Date Retirement Series in the three- and five-year list of mixed-asset target funds for 2010-2055+ and other offerings.
But the need to target funds at deprived areas must surely be at the forefront of everyone's mind.
The $200 million target funds by the US-UK partnership will sure go a long way in supporting girls' education.
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.
Last week the Fed's Open Market Committee voted 9-1 to keep the target funds rate at 0 per cent to 0.
During times of financial stress, the effective funds rate has fallen below the target funds rate.
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.