Fund Facts  

Inception Date: Jun 26, 2015
CUSIP: 92202E698
Ticker Symbol: VITRX
Morningstar Category:Target-Date Retirement
As of Sep 30, 2017
Fund Net Assets ($millions) $5,039

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks to provide current income and some capital appreciation.

Principal Investment Strategies  

The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors currently in retirement. As of March 31, 2017, the fund's asset allocation among the underlying funds was as follows: Vanguard Total Bond Market II Index Fund 37.3%; Vanguard Total Stock Market Index Fund 18.0%; Vanguard Short-Term Inflation-Protected Securities Index Fund 16.8%; Vanguard Total International Bond Index Fund 15.9%; Vanguard Total International Stock Index Fund 12.0%.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Vanguard Instl Tgt Retire Inca1.99%6.36%5.30%N/AN/AN/A4.55%
Bloomberg Barclays U.S. Agg Bond Indexa,b0.85%3.14%0.07%2.71%2.06%4.27%N/A
Morningstar Target-Date Retirementa,c2.07%6.68%5.83%3.87%4.22%3.81%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Fund Expensesa
Gross Expenses0.09%
Net Expenses0.09%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2017 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Bloomberg Barclays U.S. Aggregate Bond Index consists of investment-grade U.S. fixed income securities.

c. The Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 21, 2017Sep 21, 2017$0.077000000
Jun 27, 2017Jun 27, 2017$0.097000000
Mar 28, 2017Mar 28, 2017$0.069000000
Dec 28, 2016Dec 28, 2016$0.164000000
Sep 19, 2016Sep 19, 2016$0.077000000
Jun 20, 2016Jun 20, 2016$0.094000000
Mar 18, 2016Mar 18, 2016$0.067000000
Dec 29, 2015Dec 29, 2015$0.100000000
 

Morningstar Information

Morningstar RatingTM   As of
Period Stars Category Size
Overall N/A N/A
3-Year N/A N/A
5-Year N/A N/A
10-Year N/A N/A
 
Morningstar Stylebox As of
Equity Stylebox Fixed Income Stylebox
Large BlendHigh Moderate
Allocation of Assets As of Aug 31, 2017
Type of Asset Percent
Equity29%
Fixed Income67%
Cash/Other3%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Aug 31, 2017
Asset ClassPercent
Domestic Stock17.8%
Foreign Stock11.5%
Domestic Bond49.1%
Foreign Bond18.2%
Preferred0.0%
Convertible0.0%
Cash2.4%
Other1.0%

Due to rounding, percentages shown may not add up to 100%.

 
Fixed Income Sector As of Aug 31, 2017
SectorPercent
Government44.1%
Corporate12.7%
Securitized8.9%
Cash & Equivalents2.4%
Municipal0.3%

Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.

 
Credit Quality As of Jul 31, 2017
Quality LevelPercent
AAA66.1%
AA8.2%
A13.2%
BBB12.5%
BB0.0%
B0.0%
Below B0.0%
Not Rated0.0%

Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.

 
Top Ten Holdings As of Aug 31, 2017
Holding NamePercent
Vanguard Total Bond Market II Idx Inv37.3%
Vanguard Total Stock Market Idx I18.1%
Vanguard Shrt-Term Infl-Prot Sec Idx Adm16.8%
Vanguard Total Intl Bd Idx Admiral�15.9%
Vanguard Total Intl Stock Index Inv12.0%
 

Statistics

Portfolio Statistics As of
Statistic3-Year5-Year
BetaN/AN/A
AlphaN/AN/A
Standard DeviationN/AN/A
 
 

Footnotes

1.

The Fund is not a complete solution for all of your retirement savings needs. An investment in the Fund includes the risk of loss, including near, at or after the target date of the Fund. There is no guarantee that the Fund will provide adequate income at and through an investor's retirement.

2.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2017 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.