Description

The Vanguard Target Retirement 2065 Fund Accumulation Shares operates as an investment fund designed for individuals planning to retire in or near the year 2065. Its primary service is to provide a diversified portfolio that seeks long-term capital appreciation and current income. The fund achieves this by investing primarily in other Vanguard mutual funds, which collectively offer exposure to a global mix of equities and fixed-income investments, including government and corporate bonds. As the target retirement date approaches, the fund's asset allocation automatically adjusts, gradually shifting towards a more conservative mix by reducing its exposure to stocks and increasing its allocation to bonds to mitigate risk.