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VTIVX Vanguard Target Retirement 2045 Inv

  • Fund
  • VTIVX
  • Price as of: May 28, 2019
  • $22.26 - $0.13 - 0.58%
  • Category
  • Target Retirement Date

VTIVX - Profile

Vitals

  • YTD Return 10.1%
  • 3 Yr Annualized Return 6.8%
  • 5 Yr Annualized Return 3.8%
  • Net Assets $25.7 B
  • Holdings in Top 10 100.0%

52 WEEK LOW AND HIGH

$22.26
$19.79
$23.62

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 7.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Target Retirement Date
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2045

Distributions

  • YTD Total Return 10.1%
  • 3 Yr Annualized Total Return 6.8%
  • 5 Yr Annualized Total Return 3.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.16%
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 A. Coleman

Fund Description

The Vanguard Target Retirement 2045 Fund Investor Shares (VTIVX) is a target-date fund of funds. Using a specified glide path, VTIVX invests in four other Vanguard index funds. The fund provides exposure to both domestic stocks of all market caps as well as international stocks. Additionally, both domestic and foreign investment-grade bonds are included in the fund’s holdings. As VTIVX approaches 2045, it will reduce its exposure to equities and increase its holdings in fixed-income securities.

Expenses for the fund are low. Given its all-encompassing approach to retirement investing, VTIVX is perfect as a core option for investors.

VTIVX - Performance

Return Ranking - Trailing

Period VTIVX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.1% -4.1% 15.5% 51.45%
1 Yr -1.3% -17.8% 2.5% 15.71%
3 Yr 6.8%* -18.7% 8.8% 4.11%
5 Yr 3.8%* -12.4% 7.7% 2.73%
10 Yr 8.2%* -6.2% 8.4% 0.41%

* Annualized


Return Ranking - Calendar

Period VTIVX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.2% -25.1% 0.0% 22.73%
2017 19.1% -36.9% 20.0% 4.04%
2016 6.2% -5.2% 8.1% 6.37%
2015 -4.7% -25.3% -0.8% 34.21%
2014 5.0% -49.7% 34.8% 5.47%

Total Return Ranking - Trailing

Period VTIVX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.1% -3.9% 15.5% 51.59%
1 Yr -1.3% -17.8% 5.9% 49.12%
3 Yr 6.8%* -18.7% 11.4% 38.88%
5 Yr 3.8%* -12.4% 7.7% 48.99%
10 Yr 8.2%* -4.3% 11.4% 38.84%

* Annualized


Total Return Ranking - Calendar

Period VTIVX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.2% -25.1% 0.0% 56.87%
2017 19.1% -36.9% 26.6% 30.38%
2016 6.2% -4.7% 12.3% 56.80%
2015 -4.7% -25.3% 3.9% 75.78%
2014 5.0% -47.6% 39.2% 41.79%

NAV & Total Return History

VTIVX - Holdings

Concentration Analysis

VTIVX Category Low Category High VTIVX % Rank
Net Assets 25.7 B 1.29 M 42.8 B 0.64%
Number of Holdings 5 2 142 96.61%
Net Assets in Top 10 25.7 B 1.09 M 42.7 B 0.42%
Weighting of Top 10 100.00% 17.1% 111.1% 11.17%

Top 10 Holdings

  1. Vanguard Total Stock Mkt Idx Inv 54.28%

  2. Vanguard Total Intl Stock Index Inv 35.71%

  3. Vanguard Total Bond Market II Idx Inv 7.21%

  4. Vanguard Total Intl Bd Idx Investor 2.80%


Asset Allocation

Weighting Return Low Return High VTIVX % Rank
Stocks
88.19% 0.07% 97.49% 10.40%
Bonds
9.81% 0.03% 137.62% 77.86%
Cash
1.67% -100.79% 30.94% 84.23%
Other
0.29% -0.46% 74.59% 24.40%
Convertible Bonds
0.02% 0.00% 3.23% 85.08%
Preferred Stocks
0.01% 0.00% 7.23% 61.24%

Stock Sector Breakdown

Weighting Return Low Return High VTIVX % Rank
Technology
16.07% 0.96% 20.66% 19.89%
Financial Services
15.07% 1.45% 18.67% 10.47%
Healthcare
10.47% 0.67% 13.46% 18.05%
Consumer Cyclical
10.45% 0.89% 12.79% 13.31%
Industrials
9.96% 0.75% 11.91% 12.24%
Consumer Defense
7.10% 0.81% 17.35% 9.27%
Energy
5.15% 0.36% 6.45% 10.33%
Basic Materials
4.38% 0.20% 5.47% 4.46%
Real Estate
3.57% 0.28% 17.33% 35.24%
Communication Services
3.04% 0.30% 4.78% 7.15%
Utilities
2.86% 0.03% 4.88% 15.78%

Stock Geographic Breakdown

Weighting Return Low Return High VTIVX % Rank
US
53.60% 0.07% 66.19% 25.60%
Non US
34.59% 0.00% 46.35% 7.00%

Bond Sector Breakdown

Weighting Return Low Return High VTIVX % Rank
Government
5.60% 0.00% 137.62% 64.07%
Corporate
2.30% 0.00% 54.72% 88.26%
Securitized
1.89% 0.00% 61.00% 78.85%
Cash & Equivalents
1.67% -120.10% 30.94% 81.97%
Municipal
0.05% 0.00% 3.09% 58.56%
Derivative
0.00% -2.76% 15.93% 52.90%

Bond Geographic Breakdown

Weighting Return Low Return High VTIVX % Rank
US
6.59% 0.03% 137.62% 85.50%
Non US
3.22% 0.00% 21.06% 48.94%

VTIVX - Expenses

Operational Fees

VTIVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.00% 0.00% 6.01% 99.65%
Management Fee 0.00% 0.00% 0.95% 30.69%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

VTIVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 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 2.00% 2.00% N/A

Turnover 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 7.00% 0.00% 106.00% 10.54%

VTIVX - Distributions

Dividend Yield Analysis

VTIVX Category Low Category High VTIVX % Rank
Dividend Yield 0.02% 0.00% 0.05% 38.68%

Dividend Distribution Analysis

VTIVX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Annually Annually

Dividend Payout History


Net Income Ratio Analysis

VTIVX Category Low Category High VTIVX % Rank
Net Income Ratio 2.16% -0.99% 35.20% 22.36%

Capital Gain Distribution Analysis

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

VTIVX - Managers

William A. Coleman

Manager

Start Date

Tenure

Tenure Rank

Feb 22, 2013

6.27

6.3%

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

Manager

Start Date

Tenure

Tenure Rank

Feb 22, 2013

6.27

6.3%

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

0.08

Category High

16.68

Category Average

6.19

Category Mode

7.42