Vanguard
Target Retirement
Growth Trusts

A growth-focused glide path built on a familiar foundation.

Participant needs have evolved. Sponsors need more choices.

Vanguard Target Retirement Growth Trusts build on the same trusted investment philosophy and research-driven approach that underpin Vanguard Target Retirement Funds. This solution offers a more growth-oriented glide path designed for participant populations that may benefit from additional growth potential.

Plan-fit focused

Vanguard Target Retirement Growth Trusts may be appropriate for plans whose participant populations have a greater need, capacity, or willingness to take equity risk in pursuit of higher long-term growth potential. Relevant characteristics may include:

Greater reliance on accumulated retirement savings

Participants with greater reliance on defined contribution plan assets for retirement income, including higher-income individuals for whom Social Security may replace a smaller share of income.

Additional retirement resources

Participants with access to pensions or other sources of retirement income that may support a higher capacity for equity risk.

Strong saving behavior and risk capacity

Participants with strong saving habits and ongoing contributions that may support a higher capacity to withstand market volatility.

Built on an industry-leading foundation

Leverages the familiar investment philosophy, underlying building blocks, diversification approach, and disciplined portfolio management process behind Vanguard Target Retirement Funds and Trusts.

Purposefully differentiated

Vanguard Target Retirement Growth Trusts maintain higher equity exposure throughout the glide path to support the potential for greater wealth accumulation and retirement income, reflecting a higher assumed risk profile.

The glide path begins with a 95% equity allocation, which is maintained until age 45 when the series begins to de-risk. The Growth series glides to a 60% equity allocation at age 65 and reaches a 50% equity landing point at age 72.

The same commitment to better participant outcomes

Every Vanguard Target Retirement solution is built on the same proven foundation: a client-first philosophy, decades of research and investment expertise, and a disciplined approach to delivering long-term outcomes

View our other series: Target Retirement and Target Retirement Lifetime Income.

Let's talk about whether a higher-equity glide path is right for your plan.

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Related insights

For more information about Vanguard funds, visit vanguard.com to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing.

All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss.

Product guarantees are subject to the claims-paying ability of the issuing insurance company.

Investments in Target Retirement Funds and Trusts are subject to the risks of their underlying funds. The year in the fund or trust name refers to the approximate year (the target date) when an investor in the fund or trust would retire and leave the workforce. The fund/trust will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. The Income Trust/Fund and Income and Growth Trust have fixed investment allocations and are designed for investors who are already retired. An investment in a Target Retirement Fund or Trust is not guaranteed at any time, including on or after the target date.

Vanguard is responsible only for selecting the underlying funds and periodically rebalancing the holdings of target-date investments. The asset allocations Vanguard has selected for the Target Retirement Funds are based on our investment experience and are geared to the average investor. Regularly check the asset mix of the option you choose to ensure it is appropriate for your current situation.

Vanguard Target Retirement Trusts are not mutual funds. They are collective trusts available only to tax-qualified plans and their eligible participants. Investment objectives, risks, charges, expenses, and other important information should be considered carefully before investing. The collective trust mandates are managed by Vanguard Fiduciary Trust Company, a wholly owned subsidiary of The Vanguard Group, Inc.