Where can investors find information on how their target date fund is designed?
Investors have many tools to assist them in learning more about a target date fund. Target date funds that are mutual funds disclose the design of the target date fund, including its asset allocation and glide path, in the prospectus. An investor receives the prospectus upon, or soon after, purchasing the fund; in addition, an investor can request a prospectus from the mutual fund, and typically can view it on the fund company’s website. Mutual funds also file their prospectuses with the SEC, which makes fund materials available through its website. More updated information is disclosed in a fund’s annual and semiannual reports, which are available on the SEC website and often on a fund’s website. Fund providers often make available additional materials about their target date funds, from basic fact sheets to in-depth papers that describe the design process. These can be found on the websites of the fund or the employer or recordkeeper, or can be obtained from fund providers upon reque
