Empower Lifetime 2015 Fund Service Class is a target-date mutual fund designed primarily for investors who reached or neared retirement around 2015 and plan to withdraw assets gradually in retirement. The fund pursues income first and capital growth second by allocating across a professionally selected mix of underlying Empower funds spanning equities, core and inflation-protected bonds, short-duration and multi-sector fixed income, and global bonds. Its glide path emphasizes a more conservative posture appropriate for post‑retirement years, while maintaining diversified exposure to manage longevity and inflation risks. The portfolio is team managed by Empower Capital Management, LLC, and typically holds more than 20 underlying funds, blending active and passive strategies to balance cost and flexibility. As a series participant within a broader lineup of target-date options, it aims to deliver an age‑appropriate risk profile for those already in retirement, using an allocation that is adjusted over time and implemented through institutional underlying vehicles and index exposures such as large-cap U.S. equities and international holdings.