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Vanguard Target Retirement 2065 Fund VLXVX

NAVChangeNet Expense RatioYTD Return
YTD Return is adjusted for possible sales charges, and assumes reinvestment of dividends and capital gains.
$34.91+0.37 (1.07%)0.08%13.72%
Quote data as of close 11/06/2024As of 10/31/2024

Fund Performance

Growth of $10,000 Investment        
VLXVX
Fund
Index
Category
108015132VLXVX
This graph represents the growth of a hypothetical investment of $10,000. It assumes reinvestment of dividends and capital gains, and does not reflect sales loads, redemption fees or the effects of taxes on any capital gains and/or distributions.
If the inception date of the Fund is less than the time period shown above, the Since Inception period is shown.

Fund Strategy

The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. The fund invests in a mix of Vanguard mutual funds according to an asset allocation strategy designed for investors planning to retire and leave the workforce in or within a few years of 2065 (the target year). The fund's asset allocation will become more conservative over time, meaning that the percentage of assets allocated to stocks will decrease while the percentage of assets allocated to bonds and other fixed income investments will increase.

Details
52 Week Range$27.70 - $35.03
YTD Return
YTD Return is adjusted for possible sales charges, and assumes reinvestment of dividends and capital gains.
16.56%
as of 11/06/2024
Gross Expense Ratio0.08%
Net Expense Ratio0.08%
Tax-Equivalent Yield--
30-Day SEC Yield2.08%
Distribution Yield TTM
Distribution Yield is the Trailing 12-Month End Yield - Morningstar computes this figure by summing the trailing 12-month's income distributions and dividing the sum by the last month's ending Net Asset Value (NAV), plus capital gains distributed over the same time period. Income refers only to interest payments from fixed-income securities and dividend payments from common stocks.

Calculated at month end:
Income

(NAV + Capital Gains)

x 100%

1.81%
Most Recent Distribution$0.6169
AvailabilityOpen
Manager Tenure2017
A net expense ratio lower than the gross expense ratio may reflect a limit on or contractual waiver of fund expenses. Please read the fund prospectus for details on limits or expiration dates for any such waivers.
Minimum Investment
 InitialSubsequent
Basic$3,000$1
IRA$3,000$1
Custodial$3,000$1
Qualified Retirement Plan Participants$0$0
Fund Profile
Inception Date07/12/2017Total Assets$8.8B
Total Holdings6Portfolio Turnover1%
Fund CompanyVanguardESG Fund
ESG Fund

Environmental, Social, and Governance (ESG) is the industry term Schwab has chosen to use as an umbrella term to describe various investing approaches that consider not only traditional measures of risk and return, but environmental, social, and corporate governance (ESG) factors as well. Schwab uses ESG to broadly encompass ESG investing , but also investing approaches described as "values-based investing," "impact investing," "sustainable investing," and other approaches. An ESG product may apply ESG factors to its investment or governance processes in many different ways. A product that employs ESG strategies may choose to focus on one or more ESG factors, though an ESG product may also include securities that don't fit any ESG category. The information displayed utilizes the Morningstar "Sustainable Investment - Overall" datapoint. Click here to learn more about ESG at Schwab.

0824-U08J

No
Leveraged Fund
Leveraged Fund

Leveraged Mutual Funds typically use derivatives to attempt to multiply the returns of the underlying index each day or month. These funds invest their portfolios much differently than other mutual funds. They have the propensity to be more volatile and are inherently riskier than their non-leveraged counterparts. It is important to remember that these funds are generally designed for short-term use only, and are generally not intended to be buy-and-hold positions, because their returns over longer periods generally do not match the mutual fund’s multiple of the underlying index over those periods. These funds are not appropriate for most investors.

0824-U08J

NoIndex FundNo
Inverse Fund
Inverse Fund

Inverse mutual funds typically use derivatives to attempt to move in the opposite direction of the underlying index by a certain multiple each day or month. They generally have either a negative number like –1x or –2x or a term like “short” or “inverse” in their names. These funds invest their portfolios much differently than other mutual funds. They have the propensity to be more volatile and are inherently riskier than their non-inverse counterparts. It is important to remember that these funds are designed for short-term use only, and are not intended to be buy-and-hold positions, because their returns over longer periods generally do not match the mutual fund’s negative multiple of the underlying index over longer periods. These funds are not appropriate for most investors.

0824-U08J

No
Interval Fund
Risks of Interval Funds

Interval funds are not available for purchase by individual investors.

Interval funds are closed-end funds that offer daily purchases and redeem shares by periodically offering to repurchase a certain portion of shares from shareholders ("tenders" or "redemptions"). Rules and regulations related to interval funds enable fund companies to create portfolios with less capital volatility while holding a greater percentage of less-liquid, longer-term investments, often with higher risk-return opportunities than may be readily achieved in open-end mutual funds or exchange-traded funds (ETFs).

Although interval fund purchases resemble open-end mutual funds in that their shares are typically continuously offered and priced daily, they differ from traditional closed-end funds in that their shares are not sold on a secondary market. Instead, periodic repurchase offers are made to shareholders by the fund. The fund will specify a date by which shareholders must accept the repurchase offer. The actual repurchase will occur at a later, specified date. If repurchase requests exceed the number of shares that a fund offers to repurchase during the repurchase period, repurchases are prorated (reduced by the same percentage across all trades) prior to processing. In such event, shareholders may not be able to sell their expected amount, and would potentially experience increased illiquidity and market exposure, which could increase the potential for investment loss. To find out more about trading Interval Funds, please read Interval Funds: What you need to know.

0824-U08J

--
Morningstar Category: Target-Date 2065+
Target-date portfolios provide a diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 2061-2065 and beyond) for retirement. These portfolios aim to provide investors with an optimal level of return and risk, based solely on the target date. Management adjusts the allocation among asset classes to more-conservative mixes as the target date approaches, following a preset glide path. A target-date portfolio is part of a series of funds offering multiple retirement dates to investors.
Walter Nejman
Since 07/12/2017
Aurélie Denis
Since 02/17/2023
Roger Aliaga-Diaz
Since 02/17/2023
Portfolio Weightings as of 09/30/2024
Stocks
Sector
% of Assets
Information Technology
22.56%
 
Financials
16.63%
 
Industrials
11.94%
 
Health Care
11.21%
 
Consumer Discretionary
10.35%
 
Communication Services
6.83%
 
Consumer Staples
6.17%
 
Materials
4.50%
 
Energy
4.25%
 
Utilities
2.71%
 
Ratings Summary
Morningstar Style Box - Stocks
Large
MidMarket Cap
Small
ValueBlendGrowth
Investment Style
Style Box is calculated only using the long position holdings of the portfolio.
Morningstar Style Box - Bonds
High
MidCredit Quality
Low
LtdModExt
Interest-Rate Sensitivity
Style Box is calculated only using the long position holdings of the portfolio.
Morningstar Rating™ Rating as of 10/31/2024
Overall Rating
Out of 148 Funds
Rating: 3Star
3-Year Rating
Out of 148 Funds
Rating: 4Star
5-Year Rating
Out of 39 Funds
Rating: 3Star

10-Year Rating is not available for VLXVX

Historic Return
Average
Historic Risk
Low

Past performance is no guarantee of future results. The ratings reflect historical risk-adjusted performance, and the overall rating is derived from a weighted average of the fund's 3-, 5- and 10-year (Morningstar Rating) metrics.

1

The funds are built for investors who expect to start gradual withdrawals of fund assets on the target date, to begin covering expenses in retirement. The principal value of the funds is not guaranteed at any time and will continue to fluctuate up to and after the target date.
The target funds are subject to market volatility and risks associated with the underlying investments. Risks include exposure to international and emerging markets, small company and sector equity securities, and fixed income securities subject to changes in inflation, market valuations, liquidity, prepayments, and early redemption. Target date funds asset allocations are subject to change over time in accordance with each fund's prospectus.

  • Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can view, download, and print a prospectus by selecting the "View Prospectus" link at the top of the page. If there are remaining questions, please call 1-800-435-4000. Please read the prospectus carefully before investing.
  • Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar risk-adjusted return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. (Each share class is counted as a fraction of 1 fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.
  • Data Source Identification
  • Schwab's Financial and Other Relationships with Mutual Funds
  • 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 guaranteed 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.
  • Market data for Daily Fund (NAVs) and charts facilitated by Fincentric™.
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