The BlackRock Target income portfolio is comprised of only bond ETFs. The portfolio is suited for investors who are looking to generate a steady stream of income. It can also be an alternative to a cash account for those that are willing to take on some risk to potentially generate and reinvest yield. To put this into context, the portfolio seeks to generate bond interest from the funds periodically, at a rate that is generally higher than a portfolio that includes both stocks and bonds, such as the Betterment Core portfolio.
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