Vanguard Group plans to simplify its Target Retirement Funds and certain other funds-of-funds in an effort to improve the products’ international diversification.The Valley Forge, Pa., company plans to replace the funds' three underlying international portfolios with a single broad international stock index fund. Vanguard will also increase the overall international equity exposure of these funds.

Assets in the funds’ current international component funds – the Vanguard European Stock Index Fund, the Vanguard Pacific Stock Index Fund and the Vanguard Emerging Markets Stock Index Fund - will be moved to the Vanguard Total International Stock Index Fund.

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