b'06AttributesStructure & Registration Eligible Investors Registered open-end funds under the 1940 Act.Public vehicles: Open to all retail and ETF or mutual fund; automatically adjusts allocationinstitutional investors.over time. Asset FitLong-term investors (retirement planning);Time to Market simple set and forget portfolios.Six months, depending on structure.FeesLiquidity Similar to open-end mutual funds (0.251%).Daily NAV (ETF); unlisted (mutual fund). No incentive fees.Mayer Brown|Target Date Funds 23'