Greetings 110,Anyone here using any of the "Target" Funds for the bulk of Mutual Fund retirement investments? I don't and I would be surprised if many that read this board do use them as they are intended for those that don't want to spend a lot of time covering things.Just how diversified, asset wise, are they?Let's open the can of worms here....On the "yes they are diversified camp" is the fact that they tend to be a fund of funds that covers EVERYTHING within a given asset allocation range. So for example the 2025 Target fund from Vanguard has 45% in the Total Stock Market, 42% Total Bond Market and the rest in a couple of international index funds, so what is it missing other than emerging markets and foreign bond allocations? This is where John Bogle would probably be from what I read of his books.On the "no, they are overweighted in some areas camp" is the fact that by using the market weighting this skews towards large-cap and growth stocks since they will have larger market caps. In this camp you would have to use your own combination to get an appropriate coverage in those small-cap and value areas as these would be a smaller part of the market. This would be the Larry Swedroe, DFA, etc. camp that believe in small-cap and value stocks having a higher risk premium that will be rewarded.The question is which camp do you see yourself in?I like the idea of simplicity, but not sure how well they cover the style box...Define cover. Do you mean like 11% in each of the 9 squares in the Morningstar style box or whatever the market's distribution among the 9 squares is? Which do you want? These are rather different things given that ~70% of the US market is in that top row of boxes on one level.Regards,JB
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