New Target Fund Portfolios maturing in 2027, 2029 and 2031 with a target cumulative return of up to 25%

At inbestMe, we continue to expand our range of investment solutions to help our clients better plan their financial goals. As we recently reported, the more conservative portfolios at inbestMe have continued to meet their objectives in 2025.

This is particularly true for target fund portfolios, which have achieved annual returns of up to 3.5% (as of January 2026), as shown in the chart above.

At the time of writing this post, the Target 4/2026 FI portfolio is about to mature. For this reason, we are launching three new Target Fund Portfolios in euros, with maturities in 2027, 2029 and 2031, designed for those who want to invest part of their wealth with a defined time horizon and a reasonable expected return at maturity.

Obviously, clients who currently hold a Target 4/2026 FI portfolio can assess which of these new maturities best suits their needs, create a new Target account with one of those maturities and transfer their existing balance.

It is worth recalling that inbestMe already offers a wide range of Target Portfolios on our platform, including ETF options in both euros and dollars, with maturities up to 2028.

These new portfolios are added to that range, but in this case in fund format, which allows for transfers between funds. Target Portfolios are a particularly useful solution for those who not only want to decide when they will need their money, but also aspire to a more attractive target return than that offered by a savings portfolio or a bank deposit.

Details of the new Target Fund Portfolios

The new Target Portfolios are fund portfolios designed for investors who have a specific date in mind and want to align their investment with that horizon. Alternatively, they want to “lock in” more attractive target returns with very controlled expected volatility.

In this case, the three new options are built with a simple and clear structure, based on the Carmignac Credit fund range with maturities in 2027, 2029 and 2031. The advantage of Carmignac’s target fund range is that it allows flexible entry throughout the entire period up to six months before the target date*. These positions are complemented with a small proportion of the money market fund that we use in several of our portfolios: the BlackRock ICS Euro Liquidity Fund.

*Important note: although it is technically possible to invest in the Carmignac Credit funds until the last day, for practical/operational reasons inbestMe will only allow this up to 6 months before maturity. In addition, in exceptional circumstances, the manager may decide to close the target fund before the planned date if the investment objectives are reached earlier. It should also be clarified that we use the word “lock in” in quotation marks because, in reality, target portfolios allow investors to estimate, approximately and from the moment of entry, the expected target return. In other words, this return is not guaranteed, as it may be affected by events that reduce it, but there is a reasonable degree of certainty that it will fall within that range.

All portfolios are denominated in euros and structured in fund format, making them particularly attractive for Spanish tax residents. This structure allows investors to benefit from the fund transfer regime, deferring taxation until the final redemption — a particularly relevant advantage compared to deposits, treasury bills or bonds purchased directly. In addition, when the target date is reached, the investor can maintain the strategy, extend the time horizon or transfer the investment to another maturity or to a different fund portfolio without triggering taxation at that moment.

All the investment funds used have an SFDR Article 8 classification (promoting environmental and/or social characteristics), making them suitable for investors who wish to integrate sustainability criteria into their investment process.

They help to “lock in” a target return: IRR up to 4%, 25% cumulative

The main contribution of a Target Portfolio is not only that it allows investing with a specific date in mind.

What may be even more interesting for investors is that it also allows, in a certain sense, to “lock in” an expected target return at the time of entry, usually more attractive than that of a savings portfolio — whose current variable IRR is around 1.6% — or a traditional deposit, in exchange for committing to hold the investment until maturity.

This is an important difference.

While in a savings portfolio the future return may vary with market interest rates, in a target portfolio the investor enters with a much clearer reference of what the expected return is if the investment is held until the target date.

In the new Target Fund Portfolios — see the table below — we observe how the current target IRRs (as of the end of February 2026) reach close to 4%, with a target cumulative return of up to nearly 25%.

In other words, these portfolios allow investors today to set an expected return at maturity that is higher than that of our own savings portfolios, in some cases more than double, especially for longer time horizons

An attractive expectation with a reasonably high probability of achievement

It is important to remember that a target return does not mean a guarantee.

However, it does mean that, by investing in a portfolio built around bonds with defined maturities, the investor has much greater visibility on the expected outcome than in other asset classes, especially if the investment is held until maturity.

That is why we speak of a target return with a reasonably high probability of achievement, although not 100% guaranteed.

The logic is simple: if there are no significant credit events, defaults or extraordinary movements that alter the expected behavior of the underlying funds, the portfolio should reasonably converge towards that target return at the target date. But, as always in investing, target does not mean guarantee.

More attractive than a savings portfolio, but with a different logic

Estas Carteras Objetivo no compiten exactamente con una cartera ahorro, sino que ocupan un espacio intermedio muy útil. Se puede decir These Target Portfolios do not compete exactly with a savings portfolio, but rather occupy a very useful intermediate space. They can be seen as complementing our offering for more conservative clients.

• The savings portfolio is designed for immediate liquidity and maximum stability.

• Target portfolios are designed for capital that the client does not need today, but will need at a relatively short and (more or less) defined future date.

In exchange for giving up full liquidity without market risk in the short term, the investor can aim for a higher target return.

For this reason, they make sense for those willing to commit part of their wealth until a specific date and who want to improve expected returns compared to more conservative solutions.

Who are these portfolios suitable for?

These new Target Portfolios FI may be particularly interesting for investors who:

• have a defined time horizon between 2027 and 2031
• want an alternative to idle cash or money market investments
• seek to “lock in” a more attractive target return than savings portfolios or deposits
• are willing to hold the investment until maturity
• value a simple, diversified and tax-efficient solution
• understand that the target return is reasonably achievable, but not guaranteed

Target return yes, guarantee no

This is an important point.

The new Target portfolios allow investing today with a reasonable reference of expected return at maturity and with a more attractive expectation than risk-free alternatives.

However, they are not guaranteed products.

They are solutions designed for investors who understand that, in investing, it is possible to aim for a high degree of visibility and a high probability of achieving objectives, without implying absolute certainty.

A further step in goal-based financial planning

With these new portfolios, we continue to advance a key idea: not all wealth should be invested in the same way or for the same time horizon.

For immediate liquidity, the savings portfolio remains a very useful tool.

For medium-term goals, Target Portfolios add something very valuable: a defined date and an expected target return.

And for the long term, indexed fund portfolios or pension plans remain the most powerful tools.

Ultimately, with the new Target 6/2027 FI, Target 2/2029 FI and Target 10/2031 FI, we take another step forward in helping our clients invest better according to their real goals, their time horizons… and their return expectations.