Empower Lifetime 2035 Fund Service Class (MXLLX)

Overview

The fund is an investment vehicle designed for individuals who aim to retire around the year 2035, assuming retirement age at 65. It seeks to fulfill its investment objective by allocating its assets across a carefully chosen mix of underlying funds, providing a diversified approach in a single investment solution. The fund targets investors who intend to start drawing down their investment gradually post-retirement, optimizing the balance between growth potential and risk leading up to and following their retirement date. Although the fund itself is classified as non-diversified, its investment in a variety of underlying holdings ensures a broad diversification for its investors.

Products and Services

• Target-Date Retirement Fund

  This product is specifically designed for individuals planning to retire around the year 2035. It offers a diversified investment strategy by pooling assets into various underlying funds, each selected based on their potential to meet the future retirees' financial goals as they transition from wealth accumulation to withdrawal phases. The strategy adjusts its asset allocation over time, becoming more conservative as the target retirement date approaches, aiming to provide a balance of growth and income while minimizing risks associated with market volatility.

• Diversified Investment Options

  Despite the fund's non-diversified status, it ensures broad market exposure through its investment in diversified underlying holdings. These holdings span across multiple asset classes, including equities, bonds, and other securities, offering investors an efficient way to achieve diversification within a single fund. This approach mitigates risk while seeking to maximize returns over the long term, catering to investors who desire a simplified yet effective investment strategy leading up to retirement.