When selecting a TDF, plan sponsors consider if one with an added alternative investment, or strategy, like an overweight to REITs, is a justifiable long-term choice. Vanguard Target Retirement Funds offer broad equity exposure without active bets.
Mr. Donaldson is a senior investment analyst in Vanguard Investment Strategy Group. Previously, he served as an investment manager for clients of Vanguard Asset Management Services™. Mr. Donaldson has more than 20 years of experience in the investment management industry. He holds the Chartered Financial Analyst® and Certified Financial Planner™ certifications. He earned an M.B.A. from Saint Joseph's University.