Vanguard Target Retirement 2020 Fund Accumulation Shares

The Vanguard Target Retirement 2020 Fund primarily invests over 80% of its assets in passive index-tracking funds, including a diverse mix of UK and international stocks from both developed and emerging markets. Its portfolio also features a variety of bonds, such as UK government gilts, index-linked gilts, and investment-grade corporate bonds, along with non-Sterling denominated bonds and money market instruments. As the 2020 retirement date approaches and passes, the fund gradually shifts its investments from higher-risk equities to more conservative bonds to ensure stability and income for investors nearing retirement.