Vanguard has added five additional Target Retirement Funds to its current offering of six such funds. The five new funds are geared for those planning to retire in 2010, 2020, 2030, 2040 and 2050. They join Vanguard's existing Target Retirement Funds for those planning to retire in 2005, 2015, 2025, 2035 and 2045, plus one income fund.

"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 Lipper data.

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