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Vanguard - Life-cycle funds

Funds, Stocks & ETFs  »  Funds by Objective  »  Life-Cycle Funds

Vanguard life-cycle funds

Learn more about who should invest in this asset class.

Click a fund name for more details about each fund.

Vanguard® LifeStrategy® Conservative Growth Fund

  • Seeks to provide current income and low-to-moderate capital appreciation.
  • Maintains an asset mix of roughly 40% stocks/60% bonds and short-term cash reserves.
  • Fund-of-funds structure.
  • Allocation to stocks, bonds, and short-term reserves will vary modestly because one of the underlying funds, Vanguard® Asset Allocation Fund, periodically shifts its holdings among asset classes.

 



 
Acquired fund fees and expenses as of 02/27/20140.15%
Avg. Conservative Allocation Fund expense ratio0.92%
 
Minimum initial investment$3,000
IRAs$3,000
UGMA/UTMAs$3,000
 

Vanguard® LifeStrategy® Growth Fund

  • Seeks to provide capital appreciation and some current income.
  • Maintains a growth-oriented asset mix of between 65% stocks/35% bonds and 90% stocks/10% bonds.
  • Fund-of-funds structure.
  • Allocation to stocks, bonds, and short-term reserves will vary modestly because one of the underlying funds, Vanguard Asset Allocation Fund, periodically shifts its holdings among asset classes.

 



 
Acquired fund fees and expenses as of 02/27/20140.17%
Avg. Moderate Allocation Fund expense ratio0.96%
 
Minimum initial investment$3,000
IRAs$3,000
UGMA/UTMAs$3,000
 

Vanguard® LifeStrategy® Income Fund

  • Seeks to provide current income and some capital appreciation.
  • Maintains an asset mix of roughly 20% stocks/60% bonds/20% short-term cash reserves.
  • Fund-of-funds structure.
  • Allocation to stocks, bonds, and short-term reserves will vary modestly because one of the underlying funds, Vanguard® Asset Allocation Fund, periodically shifts its holdings among asset classes.

 



 
Acquired fund fees and expenses as of 02/27/20140.14%
Avg. Conservative Allocation Fund expense ratio0.92%
 
Minimum initial investment$3,000
IRAs$3,000
UGMA/UTMAs$3,000
 

Vanguard® LifeStrategy® Moderate Growth Fund

  • Seeks to provide capital appreciation and a low-to-moderate level of current income.
  • Maintains an asset mix of between 45% stocks/55% bonds and 70% stocks/30% bonds.
  • Fund of funds structure.
  • Allocation to stocks, bonds, and short-term reserves will vary modestly because one of the underlying funds, Vanguard® Asset Allocation Fund, periodically shifts its holdings among asset classes.

 



 
Acquired fund fees and expenses as of 02/27/20140.16%
Avg. Moderate Allocation Fund expense ratio0.96%
 
Minimum initial investment$3,000
IRAs$3,000
UGMA/UTMAs$3,000
 

Vanguard® Target Retirement 2010 Fund

  • Designed for investors planning to retire between this year and 2012.
  • Easy-to-use, fund-of-funds structure that holds a diverse portfolio of stock and bond funds.
  • Handles investment selection, asset allocation, and rebalancing from initial investment through retirement.
  • Automatically adjusts the allocation between stocks and bonds to become more conservative over time.
  • Seeks to provide growth of capital and current income consistent with its current target allocation.
  • Places greater emphasis on bonds to help maintain stability.

 



 
Acquired fund fees and expenses as of 01/27/20140.16%
Avg. Target-Date 2000-2010 Fund expense ratio0.52%
 
Minimum initial investment$1,000
IRAs$1,000
UGMA/UTMAs$1,000
 

Vanguard® Target Retirement 2015 Fund

  • Designed for investors planning to retire between 2013 and 2017. 
  • Easy-to-use, fund-of-funds structure that holds a diverse portfolio of stock and bond funds.
  • Handles investment selection, asset allocation, and rebalancing from initial investment through retirement.
  • Automatically adjusts the allocation between asset classes to become more conservative over time.
  • Seeks to provide growth of capital and current income consistent with its current target allocation.

 



 
Acquired fund fees and expenses as of 01/27/20140.16%
Avg. Target-Date 2011-2015 Fund expense ratio0.46%
 
Minimum initial investment$1,000
IRAs$1,000
UGMA/UTMAs$1,000
 

Vanguard® Target Retirement 2020 Fund

  • Designed for investors planning to retire between 2018 and 2022.
  • Easy-to-use, fund-of-funds structure that holds a diverse portfolio of stock and bond funds.
  • Handles investment selection, asset allocation, and rebalancing from initial investment through retirement.
  • Automatically adjusts the allocation between stocks and bonds to become more conservative over time.
  • Seeks to provide growth of capital and current income consistent with its current target allocation.

 



 
Acquired fund fees and expenses as of 01/27/20140.16%
Avg. Target-Date 2016-2020 Fund expense ratio0.53%
 
Minimum initial investment$1,000
IRAs$1,000
UGMA/UTMAs$1,000
 

Vanguard® Target Retirement 2025 Fund

  • Designed for investors planning to retire between 2023 and 2027.
  • Easy-to-use, fund-of-funds structure that holds a diverse portfolio of stock and bond funds.
  • Handles investment selection, asset allocation, and rebalancing from initial investment through retirement.
  • Automatically adjusts the allocation between asset classes to become more conservative over time.
  • Seeks to provide growth of capital and current income consistent with its current target allocation.

 



 
Acquired fund fees and expenses as of 01/27/20140.17%
Avg. Target-Date 2021-2025 Fund expense ratio0.46%
 
Minimum initial investment$1,000
IRAs$1,000
UGMA/UTMAs$1,000
 

Vanguard® Target Retirement 2030 Fund

  • Designed for investors planning to retire between 2028 and 2032.
  • Easy-to-use, fund-of-funds structure that holds a diverse portfolio of stock and bond funds.
  • Handles investment selection, asset allocation, and rebalancing from initial investment through retirement.
  • Automatically adjusts the allocation between stocks and bonds to become more conservative over time.
  • Seeks to provide growth of capital and current income consistent with its current target allocation.

 



 
Acquired fund fees and expenses as of 01/27/20140.17%
Avg. Target-Date 2026-2030 Fund expense ratio0.54%
 
Minimum initial investment$1,000
IRAs$1,000
UGMA/UTMAs$1,000
 

Vanguard® Target Retirement 2035 Fund

  • Designed for investors planning to retire between 2033 and 2037.
  • Easy-to-use, fund-of-funds structure that holds a diverse portfolio of stock and bond funds.
  • Handles investment selection, asset allocation, and rebalancing from initial investment through retirement.
  • Automatically adjusts the allocation between asset classes to become more conservative over time.
  • Seeks to provide growth of capital and current income consistent with its current target allocation.

 



 
Acquired fund fees and expenses as of 01/27/20140.18%
Avg. Target-Date 2031-2035 Fund expense ratio0.47%
 
Minimum initial investment$1,000
IRAs$1,000
UGMA/UTMAs$1,000
 

Vanguard® Target Retirement 2040 Fund

  • Designed for investors planning to retire between 2038 and 2042.
  • Easy-to-use, fund-of-funds structure that holds a diverse portfolio of stock and bond funds.
  • Handles investment selection, asset allocation, and rebalancing from initial investment through retirement.
  • Automatically adjusts the allocation between stocks and bonds to become more conservative over time.
  • Seeks to provide growth of capital and current income consistent with its current target allocation.

 



 
Acquired fund fees and expenses as of 01/27/20140.18%
Avg. Target-Date 2036-2040 Fund expense ratio0.53%
 
Minimum initial investment$1,000
IRAs$1,000
UGMA/UTMAs$1,000
 

Vanguard® Target Retirement 2045 Fund

  • Designed for investors planning to retire between 2043 and 2047.
  • Easy-to-use, fund-of-funds structure that holds a diverse portfolio of stock and bond funds.
  • Handles investment selection, asset allocation, and rebalancing from initial investment through retirement.
  • Automatically adjusts the allocation between asset classes to become more conservative over time.
  • Seeks to provide growth of capital and current income consistent with its current target allocation.

 



 
Acquired fund fees and expenses as of 01/27/20140.18%
Avg. Target-Date 2041-2045 Fund expense ratio0.48%
 
Minimum initial investment$1,000
IRAs$1,000
UGMA/UTMAs$1,000
 

Vanguard® Target Retirement 2050 Fund

  • Designed for investors planning to retire between 2048 and 2053.
  • Easy-to-use, fund-of-funds structure that holds a diverse portfolio of stock and bond funds.
  • Handles investment selection, asset allocation, and rebalancing from initial investment through retirement.
  • Automatically adjusts the allocation between stocks and bonds to become more conservative over time.
  • Seeks to provide growth of capital and current income consistent with its current target allocation.

 



 
Acquired fund fees and expenses as of 01/27/20140.18%
Avg. Target-Date 2046-2050 Fund expense ratio0.51%
 
Minimum initial investment$1,000
IRAs$1,000
UGMA/UTMAs$1,000
 

Vanguard® Target Retirement Income Fund

  • Designed for investors already in retirement.
  • Easy-to-use, fund-of-funds structure that holds a diverse portfolio of stock, bond, inflation-protected securities, and money market funds.
  • Handles investment selection, asset allocation, and rebalancing to maintain a relatively stable allocation during retirement.
  • Seeks to provide current income and some capital appreciation.

 



 
Acquired fund fees and expenses as of 01/27/20140.16%
Avg. Retirement Income Fund expense ratio0.50%
 
Minimum initial investment$1,000
IRAs$1,000
UGMA/UTMAs$1,000
 

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