A Target Date Fund (or TDF), also known as Lifecycle Fund, is a type of mutual fund or Exchange Traded Fund (ETF) that manages investments by looking at a specific time horizon. It usually starts out with a higher percentage of equities, but over time, shifts the allocation to a higher percentage of fixed income.
For more information, please check out What is a Target Date Fund (TDF) or Lifecycle Fund? A Simple Explanation for Kids
