Vanguard Introduces Two New Target Retirement Funds

Vanguard Target Retirement 2060 and 2065 Pooled Funds now available to institutional investors

TORONTO, Nov. 1, 2017 /CNW/ - Vanguard Investments Canada Inc. today announced its low-cost Target Retirement 2060 and 2065 Pooled Funds are now available to qualified Canadian institutional investors, including plan sponsors.

Vanguard now offers a total of 12 target-date funds in Canada, ranging in retirement years 2015 to 2065, in five-year increments. These target retirement funds, which invest in indexed pooled funds, gradually and automatically shift to a more conservative asset allocation as the target date draws near.

"Plan sponsors and institutional clients are looking for broad-based and low-cost investment strategies to serve the needs of plan participants, including younger investors," said Jason McIntyre, head of distribution for Vanguard Investments Canada Inc. "These funds provide age-appropriate asset allocation in a simple yet sophisticated and low-cost solution for retirement investing."

Vanguard Target Retirement Fund initial asset allocations (as of October 31, 2017)

	2065	2060	2055	2050	2045	2040	2035	2030	2025	2020	2015	Income
Stock	90%	90%	90%	90%	90%	86%	78%	71%	63%	54%	42%	30%
Bond	10%	10%	10%	10%	10%	14%	22%	29%	37%	46%	58%	70%

A global leader in target-date funds

The Vanguard Target Retirement Funds offer broad diversification, low costs, market-like returns, and transparency. It's the same proven methodology that underpins Vanguard's popular line up of Target Retirement Funds in the U.S. These Target Retirement Funds are tailored to Canadian plan participants.

The Vanguard Group, Inc. has offered Target Retirement Funds in the U.S. since 2003 and is now the largest manager of U.S target-date fund assets in the industry. The Vanguard Group, Inc. manages over $500 billion USD of target-date assets.

In addition to 12 Target Retirement Funds, Vanguard offers 33 ETFs in Canada.

About Vanguard

Vanguard Investments Canada Inc. is a wholly owned indirect subsidiary of The Vanguard Group, Inc. and manages more than CAD 12 billion in assets (as of August 31, 2017). The Vanguard Group, Inc. is one of the world's largest investment management companies and a leading provider of company-sponsored retirement plan services. Vanguard manages USD 4.6 trillion in global assets (as of August 31, 2017) with over USD 800B in ETF assets. Vanguard has offices in the United States, Canada, Europe, Australia and Asia. The firm offers more than 370 funds, including ETFs, to its more than 20 million investors worldwide.*

Vanguard operates under a unique operating structure. Unlike firms that are publicly held or owned by a small group of individuals, The Vanguard Group, Inc. is owned by Vanguard's U.S.-domiciled funds and ETFs. Those funds, in turn, are owned by Vanguard clients. This unique mutual structure aligns Vanguard interests with those of its investors and drives the culture, philosophy, and policies throughout the Vanguard organization worldwide. As a result, Canadian investors benefit from Vanguard's stability and experience, low-cost investing, and client focus. For more information, please visit vanguardcanada.ca.

*Source: Morningstar

Important Information

This material is for informational purposes only, and is not being delivered to you in the context of an offering of the Vanguard Target Retirement Funds or any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell, any security, including securities of the Vanguard Target Retirement Funds. The information is not investment advice, nor is it tailored to the needs or circumstances of any investor. This document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement or public offering of the Vanguard Target Retirement Funds. The offering of securities of the Vanguard Target Retirement Funds described in this document, if conducted, will be conducted by means of private placement of the securities only in those jurisdictions and to those persons where and to whom they may be lawfully sold and therein only by those entities permitted to sell such securities. Investments in the Vanguard Target Retirement Funds will only be permitted once offering documentation has been prepared and has been received and reviewed by prospective investors, and once such investors have had the opportunity to seek investment, legal or other advice.

Please see the offering memorandum for important information, including information about the investment objectives and strategies of the Vanguard Target Retirement Funds and the key risks associated with an investment in the funds.

In this material, references to "Vanguard" are provided for convenience only and may refer to, where applicable, only The Vanguard Group, Inc., and/or may include its affiliates, including Vanguard Investments Canada Inc.

SOURCE Vanguard Investments Canada Inc.

Matt Gierasimczuk, Vanguard Canada Public Relations, Phone: [phone], [email protected]