Vanguard Target Retirement 2045 Inv

Snapshot

Compare

Profile

Performance

VTIVX - Snapshot

Vitals

YTD Return 9.9%
3 Yr Annualized Return 6.0%
5 Yr Annualized Return 8.3%
Net Assets $29.3 B
Holdings in Top 10 100.0%

52 WEEK LOW AND HIGH

$27.20

$17.42

$27.28

Expenses

OPERATING RELATED FEES

Expense Ratio N/A

SALES FEES

Front Load N/A
Deferred Load N/A

BROKERAGE FEES

Turnover 4.00%

TRADING FEES

Max Redemption Fee N/A

Min Investment

Standard (Taxable) $1,000
IRA N/A

Fund Classification

Primary Theme
Target-Date 2045
Fund Type Open End Mutual Fund
Investment Style Target-Date 2045

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Target Retirement 2045 Fund

Fund

$27.15

-0.18%

$29.29 B

2.03%

$0.55

9.92%

Vanguard Institutional Target Retirement 2045 Fund

Fund

$28.75

-0.17%

$24.76 B

2.08%

$0.60

9.82%

American Funds 2045 Target Date Retirement Fund®

Fund

$18.50

-0.16%

$16.09 B

0.85%

$0.16

12.05%

0.35%

Fidelity Freedom® 2045 Fund

Fund

$12.99

+0.08%

$15.40 B

$0.18

7.89%

0.75%

T. Rowe Price Retirement 2045 Fund

Fund

$20.76

-0.19%

$8.34 B

1.39%

$0.29

12.10%

0.09%

VTIVX - Profile

Distributions

YTD Total Return 9.9%
3 Yr Annualized Total Return 6.0%
5 Yr Annualized Total Return 8.3%
Capital Gain Distribution Frequency Annually
Net Income Ratio 2.35%

DIVIDENDS

Dividend Yield 0.0%
Dividend Distribution Frequency Annually

Fund Details

Legal Name

Vanguard Target Retirement 2045 Fund
Fund Family Name

Vanguard
Inception Date

Oct 27, 2003
Shares Outstanding

N/A
Share Class

Inv
Currency

USD
Domiciled Country

United States
Manager

William Coleman

Fund Description

The fund invests in other 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 2045 (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.

VTIVX - Performance

Return Ranking - Trailing

Period	VTIVX Return	Category Return Low	Category Return High	Rank in Category (%)
YTD	9.9%	-3.8%	13.1%	26.24%
1 Yr	5.6%	-1.1%	9.6%	38.12%
3 Yr	6.0%*	3.3%	7.7%	23.88%
5 Yr	8.3%*	5.9%	9.6%	25.14%
10 Yr	9.1%*	6.5%	10.0%	18.49%

* Annualized

Return Ranking - Calendar

Period	VTIVX Return	Category Return Low	Category Return High	Rank in Category (%)
2019	22.2%	5.3%	23.0%	9.50%
2018	-10.2%	-27.7%	-6.9%	7.43%
2017	19.1%	-18.3%	20.0%	8.54%
2016	6.2%	-4.8%	7.7%	19.31%
2015	-4.7%	-25.3%	-1.5%	34.17%

Total Return Ranking - Trailing

Period	VTIVX Return	Category Return Low	Category Return High	Rank in Category (%)
YTD	9.9%	-3.8%	13.1%	26.24%
1 Yr	5.6%	-6.7%	9.6%	36.59%
3 Yr	6.0%*	1.3%	7.7%	25.00%
5 Yr	8.3%*	4.8%	9.6%	26.38%
10 Yr	9.1%*	6.5%	10.0%	17.95%

* Annualized

Total Return Ranking - Calendar

Period	VTIVX Return	Category Return Low	Category Return High	Rank in Category (%)
2019	22.2%	5.3%	23.0%	9.50%
2018	-10.2%	-23.9%	-5.5%	46.86%
2017	19.1%	-18.3%	26.2%	51.22%
2016	6.2%	-2.6%	12.3%	68.28%
2015	-4.7%	-25.3%	3.9%	82.50%

NAV & Total Return History

VTIVX - Holdings

Concentration Analysis

	VTIVX	Category Low	Category High	VTIVX % Rank
Net Assets	29.3 B	128 K	29.3 B	0.43%
Number of Holdings	5	1	504	92.64%
Net Assets in Top 10	29.1 B	105 K	29.1 B	0.43%
Weighting of Top 10	100.00%	40.4%	100.0%	12.32%

Top 10 Holdings

Vanguard Total Stock Mkt Idx Inv 53.73%
Vanguard Total Intl Stock Index Inv 36.06%
Vanguard Total Bond Market II Idx Inv 7.03%
Vanguard Total Intl Bd Idx Investor 3.17%
Cmt Market Liquidity Rate 1.26%
Cmt Market Liquidity Rate 1.26%
Cmt Market Liquidity Rate 1.26%
Cmt Market Liquidity Rate 1.26%
Cmt Market Liquidity Rate 1.26%
Cmt Market Liquidity Rate 1.26%

Asset Allocation

	Weighting	Return Low	Return High	VTIVX % Rank
Stocks	89.81%	43.27%	108.32%	25.97%
Bonds	10.03%	-2.42%	74.30%	41.99%
Convertible Bonds	0.08%	0.00%	1.61%	58.87%
Cash	0.05%	-88.96%	15.45%	93.94%
Other	0.03%	-0.18%	41.63%	71.86%
Preferred Stocks	0.01%	0.00%	0.71%	75.32%

Stock Sector Breakdown

	Weighting	Return Low	Return High	VTIVX % Rank
Technology	19.17%	11.16%	23.22%	49.78%
Financial Services	14.06%	10.34%	16.92%	35.93%
Healthcare	12.96%	10.65%	18.03%	54.98%
Consumer Cyclical	12.20%	9.20%	13.65%	47.19%
Industrials	10.59%	8.79%	14.45%	44.16%
Communication Services	9.19%	6.38%	11.13%	40.69%
Consumer Defense	7.77%	5.08%	12.47%	34.20%
Basic Materials	4.65%	2.39%	7.36%	23.81%
Real Estate	3.61%	1.90%	9.57%	54.11%
Utilities	3.02%	0.79%	4.97%	38.10%
Energy	2.79%	1.57%	3.80%	36.80%

Stock Geographic Breakdown

	Weighting	Return Low	Return High	VTIVX % Rank
US	53.49%	10.11%	68.92%	54.98%
Non US	36.32%	14.49%	45.06%	21.65%

Bond Sector Breakdown

	Weighting	Return Low	Return High	VTIVX % Rank
Government	54.59%	9.44%	66.77%	2.60%
Corporate	24.67%	0.11%	62.05%	51.52%
Securitized	18.02%	0.00%	32.89%	30.74%
Cash & Equivalents	2.20%	1.00%	70.46%	98.70%
Municipal	0.52%	0.00%	10.02%	25.11%
Derivative	0.00%	0.00%	33.07%	99.57%

Bond Geographic Breakdown

	Weighting	Return Low	Return High	VTIVX % Rank
US	6.50%	-3.32%	57.11%	53.68%
Non US	3.53%	0.01%	17.19%	9.52%

VTIVX - Expenses

Operational Fees

	VTIVX Fees (% of AUM)	Category Return Low	Category Return High	Rank in Category (%)
Expense Ratio	N/A	0.01%	44.47%	99.05%
Management Fee	0.00%	0.00%	0.91%	27.31%
12b-1 Fee	N/A	0.00%	1.00%	N/A
Administrative Fee	N/A	0.01%	0.30%	N/A

Sales Fees

	VTIVX Fees (% of AUM)	Category Return Low	Category Return High	Rank in Category (%)
Front Load	N/A	3.50%	5.75%	N/A
Deferred Load	N/A	1.00%	4.00%	N/A

Trading Fees

	VTIVX Fees (% of AUM)	Category Return Low	Category Return High	Rank in Category (%)
Max Redemption Fee	N/A	N/A	N/A	N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

	VTIVX Fees (% of AUM)	Category Return Low	Category Return High	Rank in Category (%)
Turnover	4.00%	0.00%	101.00%	8.18%

VTIVX - Distributions

Dividend Yield Analysis

	VTIVX	Category Low	Category High	VTIVX % Rank
Dividend Yield	0.00%	0.00%	3.19%	97.86%

Dividend Distribution Analysis

	VTIVX	Category Low	Category High	Category Mod
Dividend Distribution Frequency	Annually	Annually	Quarterly	Quarterly

Net Income Ratio Analysis

	VTIVX	Category Low	Category High	VTIVX % Rank
Net Income Ratio	2.35%	-0.31%	2.91%	12.68%

Capital Gain Distribution Analysis

	VTIVX	Category Low	Category High	Capital Mode
Capital Gain Distribution Frequency	Annually	Annually	Semi-Annually	Annually

Dividend Payout History

Date	Amount
Dec 31, 2018	$0.483
Dec 29, 2017	$0.428
Dec 29, 2016	$0.375
Dec 30, 2015	$0.386
Dec 30, 2014	$0.383
Dec 27, 2013	$0.334
Dec 31, 2012	$0.316
Dec 31, 2009	$0.246
Dec 31, 2008	$0.301
Dec 28, 2007	$0.300
Dec 30, 2005	$0.190
Dec 30, 2004	$0.160
Dec 24, 2003	$0.070

View More +

VTIVX - Fund Manager Analysis

Managers

William Coleman

Start Date

Tenure

Tenure Rank

Feb 22, 2013

7.69

7.7%

William Coleman, Portfolio Manager. He has worked in investment management since joining Vanguard in 2006. Education: B.S., King’s College; M.S., Saint Joseph’s University.

Walter Nejman

Start Date

Tenure

Tenure Rank

Feb 22, 2013

7.69

7.7%

Walter Nejman, Portfolio Manager at Vanguard. He has been with Vanguard since 2005; has worked in investment management since 2008; and has co-managed the Communication Services Index, Health Care Index, Industrials Index, and Information Technology Index Funds since 2015. Education: B.A., Arcadia University; M.B.A., Villanova University.

Tenure Analysis

Category Low	Category High	Category Average	Category Mode
0.2	16.01	4.98	0.83

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Vanguard Target Retirement 2045 Inv

VTIVX - Snapshot

Vitals

52 WEEK LOW AND HIGH

Expenses

OPERATING RELATED FEES

SALES FEES

BROKERAGE FEES

TRADING FEES

Min Investment

Fund Classification

VTIVX - Profile

Distributions

Fund Details

Fund Description

VTIVX - Performance

Return Ranking - Trailing

Return Ranking - Calendar

Total Return Ranking - Trailing

Total Return Ranking - Calendar

NAV & Total Return History

VTIVX - Holdings

Concentration Analysis

Top 10 Holdings

Asset Allocation

Stock Sector Breakdown

Stock Geographic Breakdown

Bond Sector Breakdown

Bond Geographic Breakdown

VTIVX - Expenses

Operational Fees

Sales Fees

Trading Fees

Related Fees

VTIVX - Distributions

Dividend Yield Analysis

Dividend Distribution Analysis

Net Income Ratio Analysis

Capital Gain Distribution Analysis

Dividend Payout History

VTIVX - Fund Manager Analysis

Managers

William Coleman

Walter Nejman

Tenure Analysis

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