The funds are sponsored and maintained by AST Capital Trust Company and Callan will act as the investment adviser responsible for asset allocation and manager selection, according to a press release.
The funds are issued in five-year increments from 2005 through 2045, but the firm plans to extend its series to include a 2050 fund for newer employees.
Callan GlidePath was introduced in July 2007 and will use nine investment advisory firms specializing in areas such as small cap equities and inflation protected securities. The series will also use direct real estate funds rather than a portfolio of Real Estate Investment Trusts (REITs) to gain real estate exposure.
For more information, visit www.callan.com.