Target Retirement 2070 FD Cl R (VTRLX)
Target Retirement 2070 FD Cl R operates in the Asset Management industry of the Financial Services sector, headquartered in Valley Forge, PA, US. The stock last traded at $12.23, up 0.49% on the session, giving a market capitalisation of $3.8M. Its beta of 0.93 implies it has historically moved less than the broad market.
The primary objective of this investment is to achieve both long-term capital growth and a consistent income stream, reflecting its current portfolio distribution. It achieves this by allocating its assets across various Vanguard mutual funds, employing a strategic asset allocation approach specifically tailored for individuals who anticipate retiring around the year 2050. As time progresses, the fund's investment mix will gradually shift towards a more conservative profile. This entails a systematic reduction in its equity holdings and a corresponding increase in its allocation to bonds and other fixed-income securities.