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Vanguard Target Retirement 2045 Fund VTIVX |
 Prospectus |  Mutual FundReport Card |
Quarterly Tax Analysis1 as of 06/30/2024
- •
- VTIVX Pre-LiquidationFund
- •
- VTIVX Post-LiquidationFund
Actual Returns | Average Annual Returns | ||||||
|---|---|---|---|---|---|---|---|
| Description | 3 Month | 1 Year | 3 Year | 5 Year | 10 Year | Inception-- | |
| SEC Pre-Liquidation2 | +1.90% | +15.06% | +2.15% | +8.11% | +7.09% | +7.44% | |
| SEC Post-Liquidation | +1.13% | +9.61% | +2.69% | +7.21% | +6.30% | +6.75% | |
| Tax Cost Ratio | -- | 0.64% | 1.57% | 1.17% | 0.96% | -- | |
| Tax Cost Ratio represents the percentage-point reduction in returns that results from Federal income taxes (before shares in the fund are sold, and assuming the highest Federal tax bracket). | |||||||
| |||||||
| Gross Expense Ratio (before waivers/reductions) | 0.08% |
|---|---|
| Net Expense Ratio (after waivers/reductions) | 0.08% |
| Morningstar Category Average | 0.70% |
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.
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™.