Target Annuitization Date (TAD) Funds

In a Q&A article, the Pension Boards outlines the benefits and risks of investing in Target Date Funds and shares why you, the member, should take advantage of the Pension Boards’ Target Annuitization Date (TAD) Funds. The TAD Funds automatically reallocate your investments in line with your anticipated annuitization date, and when you annuitize, they are converted to a defined benefit annuity – an option not provided through other plans in the financial services marketplace. Click here to read the article.

Investment Objective:

Each TAD Fund seeks levels of capital appreciation, principal preservation and current income that are consistent with its asset allocation at a particular time. A TAD Fund with a relatively long time horizon (defined as the time before a Fund’s target date) will have more emphasis on seeking capital appreciation, whereas a TAD Fund with a relatively short time horizon will have more emphasis on income and principal preservation.

Investor Profile:

These Funds are suitable for investors who plan to annuitize in or around the year of a specific Fund, who want a portfolio that automatically becomes more conservative as time passes and who do not have the time, interest or inclination to rebalance their portfolios as their annuitization date approaches. 

Fund Investments:

The TAD Funds are “funds of funds” that invest in The Pension Boards’ Equity, Bond and Stable Value Funds and thus invest in the securities permitted in those funds.

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Click on the thumbnail to view chart.

Manager(s) - click here for list of Fund managers
Fee Disclosures

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