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 January 31, 2020 FUND NAME SYMBOL % OFPORTFOLIO YTDRETURN 1-YRRETURN 3-YRRETURN 5-YRRETURN 10-YRRETURN MAX LOAD EXPENSE RATIO Vanguard Total Bond Market Index ETFBND15%2.16%9.95%4.68%2.97%3.74%none%0.04% Vanguard Total International Bond Index Fund ETF SharesBNDX51.988.815.393.8—none0.08 Vanguard Small Cap ETFVB5-2.0311.5698.9112.96none0.05 Vanguard Intermediate-Term Corporate Bond Index Fund ETF SharesVCIT402.3413.836.364.55.87none0.05 Vanguard Total Stock Market ETFVTI20-0.0720.3713.8211.8213.82none0.03 Vanguard Total International Stock Index Fund ETF SharesVXUS10-3.339.27.265.125.31none0.08 Vanguard High Dividend Yield ETFVYM5-2.5314.069.849.8912.93none0.06 1000.7913.737.946.257.5 0.05 ** 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.