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Fund Spy

Know Your Target-Date Fund

What lies beneath matters more than generic labels.

Morningstar's annual report on target-date funds, released earlier this year, highlighted our team's best practices in evaluating target-date series. The process behind building a target-date series remains one of the most crucial considerations for investors. The target-date market uses certain broad characteristics--such as whether a series uses index-based investments--and this Fund Spy reveals the issues and shortcomings of some of those conventions. Our research ultimately highlights the importance of knowing what is held within a target-date fund, as well as the process used to get there.