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Deferred Compensation Plan Fund Descriptions

Vanguard Target Retirement Funds

Get a complete portfolio in a single fund

Vanguard Target Retirement Funds are designed to help manage risk while trying to grow your retirement savings by managing a portfolio designed with a specific target retirement date in mind. 

Less risk through broader diversification

Each of the Target Retirement Funds invests in Vanguard's broadest index funds, giving you access to thousands of U.S. and international stocks and bonds, including exposure to the major market sectors and segments.

A professionally managed asset mix
The funds' managers gradually shift each fund's asset allocation to fewer stocks and more bonds so the fund becomes more conservative the closer you get to retirement.  The managers then maintain the current target mix, freeing you from the hassle of ongoing rebalancing.

Which Target Retirement Fund fits your timeline?

Find out by starting with either the number of years until you expect to retire or your current age. Then select the corresponding fund below by year to get details about the Target Retirement Fund we believe best matches that time frame.

Share Price Stability
(less risk)
Return Potential
(more risk)
 

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The Fund objective is to produce stable principal balances and a stable and predictable return while avoiding negative returns. It seeks to protect principal, maintain liquidity for participant transactions and, in most market environments, provide a higher return than a money market fund.

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The Fund objective is to approximate as closely as practicable the total rate of return of the market for debt securities as defined by the Bloomberg Barclays U.S. Aggregate Bond Index. Unlike many funds, the Fund does not try to outperform the index it seeks to track and does not seek temporary defensive positions when markets decline or appear overvalued.

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The Fund objective is to approximate as closely as practicable the capitalization weighted total rate of return of that segment of the U.S. market for publicly traded equity securities represented by the S&P 500 Index. Unlike many funds, the Fund does not try to outperform the index it seeks to track and does not seek temporary defensive positions when markets decline or appear overvalued.

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The Fund objective is to approximate as closely as practicable the capitalization weighted total return of that segment of the U.S. market for publicly traded equity securities represented by the Russell 2500 Index. Unlike many funds, the Fund does not try to outperform the index it seeks to track and does not seek temporary defensive positions when markets decline or appear overvalued.

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The Fund objective is to approximate as closely as practicable the capitalization weighted total rates of return of the markets in certain countries for equity securities traded outside the United States represented by the MSCI ACWI ex USA IMI Index. Unlike many funds, the Fund does not try to outperform the index it seeks to track and does not seek temporary defensive positions when markets decline or appear overvalued.