Vanguard Target Retirement 2045 Fund Accumulation Shares

The Vanguard Target Retirement 2045 Fund is designed for investors planning to retire around the year 2045 by building a diversified portfolio that shifts from higher-risk stocks to more conservative bonds over time. Initially, the fund invests primarily in a wide range of global and UK shares, including those from emerging markets, to seek growth. As 2045 approaches, it gradually reduces its exposure to equities and increases its holdings in UK government bonds, corporate bonds, and other fixed-income instruments, ensuring the portfolio becomes more stable and less volatile as retirement nears.