Lincoln Financial Group has introduced the LVIP Protected Profile Funds, a target-date fund-of-funds investment option available through its micro-to-small market retirement plan solution.
Each TDF is “designed to adjust its equity allocation in response to prevailing market conditions,” the company said in a release, “seeking to reduce volatility risk by targeting a specific level of variability of returns based on each fund’s respective target date.”
The funds employ “a protection strategy designed to respond to changing market conditions and periodically rebalance and adjust their overall asset allocation to reflect the level of risk in the market,” the company said. “…The glide path can adjust its equity and fixed income allocation in response to varying market conditions.”
Lincoln Investment Advisors Corp., which oversees $27.7 billion in retirement related assets, manages the five target date Protected Profile Funds (2010, 2020, 2030, 2040 and 2050).