This recommended investment portfolio is one of 20+ mutual fund portfolios that we've assembled for investors with different time horizons and risk-tolerance levels to consider. Visit our Portfolio Finder to see them all. View Another Investment Portfolio: Aggressive ETF Portfolio Balanced ETF Portfolio Balanced Mutual Fund Portfolio Contrarian ETF Portfolio ETF Portfolio for Growth and Income ETF Portfolio for Long-Term Growth Fidelity Moderate ETF Portfolio High-Income Combo Portfolio High-Yielding ETF Portfolio Higher Risk, Higher Yield ETF Portfolio Higher Risk, Higher Yield Mutual Fund Portfolio Kiplinger 25 for College: 6-10 years away Kiplinger 25 for Income: 5 Years or less Kiplinger 25 for Retirement: 11+ years away Lower Risk, Lower Yield ETF Portfolio Lower Risk, Lower Yield Mutual Fund Portfolio Multi-Asset ETF Portfolio Multi-Asset Mutual Fund Portfolio Overseas Portfolio for ETF Investors Schwab Growth ETF Portfolio Super-Simple Balanced Mutual Fund Portfolio Tax-Exempt Income Portfolio Vanguard Conservative ETF Portfolio Vanguard Index Funds to Buy and Hold Forever Vanguard Conservative ETF PortfolioBased on the Kiplinger ETF 20, our favorite exchange-traded funds. 40% Stocks | 60% Bonds | Data through August 31, 2017 FUND NAME SYMBOL % OFPORTFOLIO YTDRETURN 1-YRRETURN 3-YRRETURN 5-YRRETURN 10-YRRETURN MAX LOAD EXPENSE RATIO Vanguard Total Bond Market Index ETFBND15%3.75%0.37%2.57%2.1%4.35%none%0.05% Vanguard Total International Bond Index Fund ETF SharesBNDX51.76-0.373.31——none0.12 Vanguard Small Cap ETFVB55.9312.876.913.578.35none0.06 Vanguard Intermediate-Term Corporate Bond Index Fund ETF SharesVCIT405.431.983.883.86—none0.07 Vanguard Total Stock Market ETFVTI2011.2115.999.0214.217.81none0.04 Vanguard Total International Stock Index Fund ETF SharesVXUS1019.4718.852.97.871.76none0.11 Vanguard High Dividend Yield ETFVYM56.3412.078.7513.337.39none0.08 1007.637.164.996.843.18 0.07 ** Closed to new investors. # Closed to new investors; other share classes are available. r Maximum redemption fee charged when you sell shares. s Front-end load; redemption fee may apply. — Fund has not existed for the specified time. Source: Morningstar, Inc.. This portfolio is for Vanguard clients who want some growth but don't want too much stock-market risk — ETFs holding high-quality corporate and governent bonds make up the largest share of the pie. If you want to cut risk even more, drop the small-cap ETF and cut the allocation to the foreign-stock ETF to 5%. These Vanguard-sponsored ETFs won't cost you a penny to trade if you have a Vanguard brokerage account.