Vanguard Target Retirement 2040 Fund Accumulation Shares

The Vanguard Target Retirement 2040 Fund is designed to grow in value and provide income for investors approaching retirement around 2040 by gradually shifting its investments from higher-risk stocks to lower-risk bonds. It primarily invests over 90% in passive index-tracking funds managed by Vanguard’s associated schemes, offering diversified exposure across global markets, including both UK and international companies, as well as emerging markets. The fund includes a mix of UK government bonds (gilts), UK investment-grade corporate bonds, and other fixed income instruments, ensuring a broad and balanced portfolio that becomes more conservative as the target retirement date approaches.