FXQYSX

About FXQYSX

FT 567VL: Target Date Retirement Fund 3Q 2024 is a target date mutual fund structured to help investors prepare for retirement around the third quarter of 2024. This type of fund is designed with a dynamic asset allocation strategy that automatically adjusts over time: the investment mix starts with a heavier emphasis on growth assets such as equities when the retirement date is far off, and gradually shifts towards more conservative holdings like bonds and cash equivalents as the target date approaches. This glidepath strategy seeks to balance long-term growth potential with risk management as investors near retirement age. Target date funds like FT 567VL often include a diversified portfolio spanning domestic and international equities, fixed-income securities, and sometimes inflation-protected assets, aiming to provide a comprehensive approach to retirement planning. These funds play a significant role in the retirement market, serving as a default investment option in many employer-sponsored retirement plans and offering a streamlined, set-it-and-forget-it solution for individuals seeking to manage retirement savings over time.