Target-date retirement funds

A) are funds of funds diversified across stocks and bonds.
B) are inappropriate for most investors.
C) have very high fees.
D) function much like hedge funds.

Target-date

Target-date refers to a specific point in time set as a goal or deadline for the achievement of an objective, commonly used in the context of retirement planning investments.

Retirement Funds

Investment pools specifically designed to generate income and secure financial stability for individuals in their retirement years.

Hedge Funds

Investment funds that employ diverse strategies to earn active returns for their investors, often using high leverage and making speculative investments.