"Vanguard's Target Retirement Funds provide a straightforward solution for investors who wish to take some of the complexity out of the investment decision-making process," said Vanguard Chairman John J. Brennan. "With these funds, the fundamental investing decisions are made, from choosing an asset allocation to selecting the appropriate funds to rebalancing."
The funds have between 35% and 90% invested in equities and charge expense ratios of either 20 basis points or 21 basis points. Today, U.S. investors have more than $180 billion in target-date funds, Vanguard noted, citing
