glide path

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glide path

[′glīd ‚path]
(aerospace engineering)
The flight path of an aeronautical vehicle in a glide, seen from the side. Also known as glide trajectory.
The path used by an aircraft or spacecraft in a landing approach procedure.

glide path

i. The flight path of an aircraft in glide, as seen from the side.
ii. The glide-slope (i.e., the path used by an aircraft-in-approach procedure generated by an instrument landing facility).
iii. An aircraft on a PAR (precision approach radar) approach is instructed by ATC (air traffic control) to approach “above the glide path,” “on the glide path,” or “below the glide path.”
iv. A descent profile determined for vertical guidance during a final approach (ICAO).
v. In parachuting, the descent angle through the air along which the parachute descends.
References in periodicals archive ?
The three glide paths offered are for a "conservative" investor, or someone who is cautious about their savings and investment choices; a "moderate" investor, or someone who doesn't mind taking some risks with their savings; and a "growth" investor, or someone who is more aggressive with investing their money and isn't fearful when their investments fluctuate.
TDFs can be customized in many ways, from tailoring the glide path to cherry picking underlying funds to including asset classes not found in standard TDFs.
Instead of making small changes every year to the target-date fund glide path, Beaumont sets a minimum 10-year investment strategy to match the whole market cycle.
Fie doesn't think TDFs should hold any equity risk as investors come to the end of their glide path.
Greg Jenkins, Invesco's senior director of US institutional consultant relations, says managers are likely to reach a fork in the road: "They either offer custom glide path services or simply try to compete for different sleeves of assets.
Additionally, 22% of plans said they would be willing to replace their target-date funds with balanced or target-risk funds to eliminate the "to" or "through" glide path dilemma.
One strength of custom TDFs is that a sponsor can make its own selective amendments to the glide path over time," says Felicia Bennett, managing director in the Pittsburgh office of consultants Wilshire Associates.
What I've found interesting is that, since 2009 or so, sponsors have taken up the idea of glide paths, and when their funded status has improved, such as in 2013, they've made significant trades to de-risk their portfolios and add long-duration bonds.
The evaluation should also determine whether the glide path will go "to" or "through" retirement.
Given the differences in glide paths, it is difficult to determine if a particular benchmark will be recognized as a performance measure for the industry.
Adviser Mark Ray sees more sponsors re-examining their choice of target-date glide paths as they make plans to conduct a re-enrollment, usually done for nonparticipating employees and those participating below a certain deferral threshold.
The presence of more glide paths in the marketplace has made ongoing monitoring increasingly difficult.