The Fund aims to grow in value while transitioning to a more conservative investment approach as 2040 approaches, aligning with investors planning to retire around that time. Initially, the Fund focuses on higher-risk assets like shares, gradually shifting to lower-risk assets such as bonds over time.

More than 90% of the Fund is invested in passive index-tracking funds managed by the ACD or its associates, with some direct investments in shares and bonds. The Fund is actively managed in how these investments are selected and periodically rebalanced to adjust the asset mix as 2040 nears. It generally remains fully invested, holding minimal cash unless extraordinary circumstances require a temporary deviation from its policy.

Provider: Vanguard Investments UK, Limited

Fund Name: Target Retirement 2040 Fund - GBP Acc

Assets: Equities (74%), Bonds (26%)

Key Investor Information Document: Document

Risk: 4/7 according to the industry standard

Below, you can see the past performance of the fund. Please note that the past performance is not a reliable indication of future performance. Capital is always at risk.