Vanguard Target Retirement Income Fund

Tailored for individuals who have already entered retirement, this fund aims to provide a consistent stream of income while also seeking some appreciation in capital. It accomplishes these objectives by investing in a diverse array of Vanguard index funds. The fund's strategic mix of stocks and bonds is structured to align with the asset allocation typically found in other Target Retirement Funds roughly seven years after their designated retirement dates. Investors should be comfortable with moderate fluctuations in share price and be prepared for the inherent market risks stemming from the volatility of both stock and bond markets.