Products June 7, 2006
Vanguard Adds Five Target Date Funds
June 7, 2006 (PLANSPONSOR.com) - The
Pennsylvania-based company's Target Retirement Funds now
include 11 funds, which gradually shift to more conservative
investments as the retirement age approaches.
Reported by Adrien Martin
The funds – which invest mostly in stock and bond index funds – require a minimum initial investment of $3,000 and feature weighted expense ratios ranging from 0.20% to 0.21%, according to a news release.
The investing allocations for the new funds are as follows:
- 2050: Stocks (90%); Bonds (10%)
- 2040: Stocks (90%); Bonds (10%)
- 2030: Stocks (88%); Bonds (12%)
- 2020: Stocks (73%); Bonds (27%)
- 2010: Stocks (57%); Bonds (43%)