The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. The fund primarily invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors who have retired and left the work force in 2005 (the target year) or within a few years thereof. Its asset allocation will become more conservative over time, meaning that the percentage of assets allocated to stocks will decrease while the percentage of assets allocated to bond and other fixed income investments will increase.
Fund filings (PDF) »
Duane Kelly (Started: Oct 27, 2003)
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Vanguard, 100 Vanguard Boulevard, Malvern, PA 19355, USA