target fund

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.
Mentioned in ?
References in periodicals archive ?
The target fund size of $250 million makes it one of the few independent regional venture capital funds capable of committing large investments to meet the growth requirements of tech companies in Mena and Turkey.
In fact, we hope the low-cost simplicity and efficiency of the new Target Fund series will encourage individuals in the UAE to allocate more of their income towards retirement savings.
OTC: MVES) has signed an agreement to acquire the 12 major motion picture Arrowhead Film Library from Arrowhead Target Fund Ltd.
Maharashtra, July 23 -- The target fund size is INR350 cr(+a green-shoe option of a further INR350cr)with an average deal tenure of 2-3 years per transaction.
20 December 2012 -- California-based consumer goods-focused private equity firm Encore Consumer Capital said it has closed its second fund with USD 211m of commitmnts, exceeding its target fund size of USD 200m.
The percentage of stocks in each target fund portfolio also increases with the holding period.
Key points are: when and where do you hope to retire, what is your target fund, what other investments or assets do you have, how much can you afford to contribute, how you feel about risk and what other pensions do you have.
Our fund seeks to provide long-term capital growth by investing in Target Fund which invests in syariah-compliant and global commodity-related securities, he said.
The target fund size is set at USD 150mln, whilst the term of the fund will be seven years with up to three additional one-year extensions to allow for orderly liquidation of the Fund's assets.
With a target Fund size of $1 billion, BREOF continues to evaluate additional opportunities to acquire and reposition real estate in markets in which Brookfield Asset Management has access to superior market knowledge, or secondary markets with the appropriate risk profile.
69%; and our last selection, Nations Balanced Target Fund (NYSE: NBM; 800-321-7854) is a hybrid fund that contains both bonds and stocks of large-cap companies.
And, Charles Schwab Bank has increased flexibility to replace underlying strategies, a focal point for retirement plan fiduciaries when evaluating target fund construction.