Charles Schwab Corp. has launched a series of low-cost target date funds (TDFs). They are priced two basis points below TDF offerings by rivals Fidelity Investments and Vanguard. Target-date funds are designed to mature at a specific point in the future. The portfolios of these funds become more conservatively invested the closer they are to their target dates, and then will primarily focus on capital preservation with perhaps a bit of growth and income.
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