The Fiserv Trust Target Allocation Funds (Target Allocation Funds)* are collective investment funds maintained by Fiserv Trust Company (Fiserv Trust) that invest in the strategies of  AssetMark. The Target Allocation Funds are designed to meet the investment needs of retirement plan participants seeking a disciplined, professional approach to the management of their retirement plan assets.

The Target Allocation Funds are invested in a series of managed asset allocation portfolios, employing the expertise of two Portfolio Strategists – Wilshire Associates and PanAgora Asset Management. These Strategists develop global strategic and tactical asset allocation portfolios to meet the risk/return profile for each participant.

The six portfolios are made up of the Assetmark Funds, which are managed by investment managers selected and monitored by AssetMark and supported by the due diligence and research of Wilshire Associates.

Two Asset Allocation Strategies

Participants selecting the Target Allocation Funds have access to two different approaches to asset allocation. Both strategies provide participants with automatic rebalancing and adjustments to their portfolios.

Strategic Approach

With the Strategic approach, the most efficient combination of asset classes is created for each risk/return profile. Through time, as investment markets fluctuate, the portfolio is continually rebalanced back to the target asset mix in an ongoing effort to manage risk at the desired level.

Tactical Approach

The Tactical approach also begins by establishing the target asset mix for each risk/return profile. Permissible ranges are then established for each asset class, allowing for periodic adjustments to respond to changing market conditions. Tactical asset allocation is a more active approach to asset allocation decision making.

* The Target Allocation Funds are not mutual funds registered under the Investment Company Act of 1940, as amended, (“1940 Act”) or other applicable law, and unit holders are not entitled to the protections of the 1940 Act. The regulations applicable to a collective investment fund are different from those applicable to a mutual fund. The Funds’ units are not securities registered under the Securities Act of 1933, as amended, or applicable securities laws of any state or other jurisdiction.  In addition, the Funds’ units are not publicly traded on any exchange or over-the-counter market and, as a result, the unit values are not available for publication in the newspapers.

The unit values of the Funds may fluctuate and the value of the Funds may decrease or increase in accordance with market conditions. There is no guarantee that any Fund will achieve its investment objective. Units in the Funds are not deposits or obligations of, or endorsed or guaranteed by, Fiserv Trust or its affiliates and the units are not insured by the Federal Deposit Insurance Corporation or any other independent organization. The Funds are also subject to investment risks, including possible loss of the principal amount invested.  For more information regarding the risks associated with investing in the Target Allocation Funds, please review the “Legal Disclosure” section under this site.