In the early years, for instance, 15 to 30 years before maturity in a 30-year fund, portfolios can hold high equity exposure, typically between roughly 65% and 95%, with smaller allocations to debt and limited exposure to gold and silver. As maturity approaches, equity allocation is gradually reduced while debt exposure rises to cushion volatility and preserve gains. In the final years, equity exposure may fall to around 5% to 20%, with debt becoming the dominant component.
