Life Cycle Funds (Target Funds)
A fund which automatically will change the investments and allocations to lower risk as time progresses. An example would be a fund designed to provide funds in 2030: In 2010 the allocation is 80% stocks, and 20% bonds. In 2020 the allocation is 60% stocks, 35% bonds, and 15% cash. In 2030 the allocation is 10% stocks, 50% bonds, and 40% cash.