Vanguard Target Retirement Funds: strategic, straightforward
Vanguard Target Retirement Funds follow our underlying philosophy—that balance, diversification, low costs, and a long-term outlook are vital to investment success.
Based on our tested investment strategies and extensive research, each portfolio’s allocation adjusts automatically to become more conservative over time. The allocation glide path results in decreased equity allocation as the investor nears and enters retirement.
Each Target Retirement Fund invests in a combination of Vanguard funds, primarily index funds. These portfolios offer exposure to small-, mid-, and large-cap domestic and international stocks, as well as bonds and money market instruments.
Note: Investments in Target Retirement Funds are subject to the risks of their underlying funds. The year in the fund name refers to the approximate year (the target date) when an investor in the fund would retire and leave the workforce. The fund will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. An investment in the Target Retirement Fund is not guaranteed at any time, including on or after the target date.