Vanguard Target Retirement 2065 Fund Accumulation Shares

The fund aims to achieve an increase in value and hold investments that will pay out money for investors planning to retire in or within approximately five years after 2065. The asset allocation will become more conservative as 2065 is approached, moving from higher risk to mainly lower risk investments.

The fund will invest more than 90% of its assets in passive funds that track an index, managed by the ACD or its associates. It will have exposure to a wide range of countries and asset classes, including shares, bonds, and other fixed income investments. This includes exposure to shares of UK and non-UK companies, including emerging markets, as well as Sterling and non-Sterling denominated bonds.

The fund may use derivatives for efficient portfolio management, which can affect the return of investments. Currency exchange rate movements can also impact returns, as the fund invests in securities denominated in currencies other than the share class currency. Additionally, portfolio transaction costs will have an impact on performance.

https://investor.vanguard.com/investment-products/mutual-funds/profile/vlxvx