The Portfolios are sub-advised by Barclays Global Investors and are named to reflect the target participant’s approximate year of retirement.
Each Portfolio is a structured fund, which invests in multiple asset classes in the US and abroad. As the retirement date nears, the investment mix is gradually changed in line with the investment time horizon.
Lifepath Portfolios are designed to eliminate the difficulty of creating a long-term strategy while simultaneously adjusting for current market conditions, according to a news release from Smith Barney Corporate Trust Company.
The newly available funds are:
· LifePath 2010
· LifePath 2020
· LifePath 2030
· LifePath 204
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