Vanguard Target Retirement 2040 Fund VFORX NASDAQ

Vanguard Target Retirement 2040 Fund is a diversified investment fund designed for investors planning to retire between 2038 and 2042. The fund automatically adjusts its asset allocation over time, gradually shifting from stocks to bonds as the target retirement date approaches. This "glide path" strategy continues for approximately seven years beyond the target date until the fund's allocation aligns with Vanguard's Target Retirement Income Fund. The fund provides broad market diversification within a single investment vehicle, though investors should be comfortable with the inherent volatility of equity and fixed-income markets.