Sources: Vanguard and Morningstar, Inc., as of June 30, 2024. Results will vary for other time periods. Vanguard’s oldest share class (Investor Shares) and all funds in the Morningstar peer group with a minimum 10-year history were included in the comparison. There may be other material differences between products that must be considered before investing.Note that the competitive performance data shown represent past performance, which is not a guarantee of future results, and that all investments are subject to risks. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. For the most recent performance, visit our website atvanguard.com/performance.
Standardized performance
Vanguard Target Retirement Income Fund
Vanguard Target Retirement 2050 Fund
Note: This hypothetical illustration assumes an investor with a $100,000 balance in a defined contribution plan contributing 10% of an $80,000 salary that increases 2% each year.
1 Vanguard and Morningstar, Inc., as of June 30, 2024. Our Target Retirement Funds with a 10-year track record or longer (2060 and earlier vintages), on average, ranked in the 77th percentile among peer groups for 10-year returns through 2024. Vanguard Target Retirement Income Fund ranked 29th out of 104 peers; 2020 Fund, 23rd out of 94; 2025 Fund, 17th out of 144; 2030 Fund, 28th out of 138; 2035 Fund, 46th out of 140; 2040 Fund, 51st out of 138; 2045 Fund, 42nd out of 140; 2050 Fund, 39th out of 138; 2055 Fund, 47th out of 134; and 2060 Fund, 6th out of 15. Only competing funds with a 10-year history were included. Results will vary in other time periods.
Standardized performance
Vanguard Target Retirement 2020 Inv
We blend investment theory with four decades of behavioral insights to design a TDF glide path that helps participants retire when they want, with enough money to live comfortably. It presents your participants with a carefully calibrated balance between risk and reward that may look simple on the surface but is backed by decades of research. This thoughtful approach allows our TDFs to more fully support income throughout a participant’s retirement.
Disclosures and notes
For more information about any fund, visitinstitutional.vanguard.comor call 800-523-1036 to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing.
All investing is subject to risk, including the possible loss of the money you invest.
Diversification does not ensure a profit or protect against a loss. Be aware that fluctuations in the financial markets and other factors may cause declines in the value of your account. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income.
Investments in Target Retirement Trusts and Funds are subject to the risks of their underlying funds. The year in the trust or fund name refers to the approximate year (the target date) when an investor in the trust or fund would retire and leave the workforce. The trust or fund will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. The Income Trust/Fund and the Income and Growth Trust have fixed investment allocations and are designed for investors who are already retired. An investment in a Target Retirement Trust or Fund is not guaranteed at any time, including on or after the target date.
Vanguard is responsible only for selecting the underlying funds and periodically rebalancing the holdings of target-date investments. The asset allocations Vanguard has selected for the Target Retirement Funds are based on our investment experience and are geared to the average investor. Regularly check the asset mix of the option you choose to ensure it is appropriate for your current situation.
Vanguard Target Retirement Trusts are not mutual funds. They are collective trusts available only to tax-qualified plans and their eligible participants. Investment objectives, risks, charges, expenses, and other important information should be considered carefully before investing. The collective trust mandates are managed by Vanguard Fiduciary Trust Company, a wholly owned subsidiary of The Vanguard Group, Inc.
Investments in bonds are subject to interest rate, credit, and inflation risk. While U.S. Treasury or government agency securities provide substantial protection against credit risk, they do not protect investors against price changes due to changing interest rates. Unlike stocks and bonds, U.S. Treasury bills are guaranteed as to the timely payment of principal and interest. Investments in stocks or bonds issued by non-U.S. companies are subject to risks, including country/regional risk and currency risk.
