Target Date Index Portfolios are appropriate investments for investors of all ages because they provide a risk appropriate one-step solution. They are designed to be a buy-and-hold, lifetime investment. This means that this target date investment strategy is to be held through all kinds of market conditions, no matter how bad or good they appear to be. Investors only need to select the target date that is closest to the year they plan to retire. These strategies enable investors to invest in a risk reducing series of globally diversified asset allocations of stocks and bonds that is appropriate for them. The portfolios automatically reduce their allocations to stocks over time. IFC implements the index portfolios by selecting and monitoring lower-cost passively managed funds.