Launched in 1975, The Vanguard Group, Inc. (VGI), Malvern, Pennsylvania, is among the world’s largest equity and fixed income managers. VGI’s wholly-owned subsidiary, Vanguard Fiduciary Trust Company (VFTC), manages Vanguard’s collective investment trust mandates.
Overview
The trust seeks to provide capital appreciation and current income consistent with its current asset allocation.
Investment approach
- Simple fund of funds structure seeks to build appropriate asset allocation from preselected stock and bond portfolios.
- The allocation between funds and asset classes automatically becomes more conservative over time.
- The trust handles investment selection, asset allocation, and rebalancing through retirement.
- 100% of assets invested in index funds.
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Fund facts
| YTD Returns (NAV) | — |
|---|---|
| — | |
as of 09/30/2026 | 1.57% |
| Inception date | 06/30/2015 |
| $129.3B | |
| $5.0B | |
| Fund number | V059 |
| CUSIP | 92202M393 |
| Designation | Target-Date 2026-2030 |
| Benchmark | Target Retirement 2030 Composite Index |
Fees & minimum
| None | |
| None | |
| Minimum investment |
Glidepath
Performance
Total returns
RECENT RETURNS
AVERAGE ANNUAL
| Month-end | YTD | 1 YEAR | 3 YEAR | 5 YEAR | 10 YEAR | ||
|---|---|---|---|---|---|---|---|
V059* (NAV) | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | |
| — | — | — | — | — | — | — |
*
Performance shown reflects the historical returns of the Target Retirement Trusts Select through the inception date (March 31, 2026) of TRT CT, and the actual performance of TRT CT thereafter. The underlying investments, expense ratio, and strategy are identical.
*Derived by applying the fund’s target asset allocation to the results of the following benchmarks: for international stocks of developed markets, the MSCI EAFE Index through December 15, 2010, the MSCI ACWI ex USA IMI Index through June 2, 2013, and the FTSE Global All Cap ex US Index thereafter; for emerging-market stocks, the Select Emerging Markets Index through August 23, 2006, the MSCI Emerging Markets Index through December 15, 2010, the MSCI ACWI ex USA IMI Index through June 2, 2013, and the FTSE Global All Cap ex US Index thereafter; for U.S. bonds, the Bloomberg U.S. Aggregate Bond Index through December 31, 2009, and the Bloomberg U.S. Aggregate Float Adjusted Index thereafter; for international bonds, the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index Hedged beginning June 3, 2013; and for U.S. stocks, the MSCI US Broad Market Index through June 2, 2013, and the Morningstar US Total Market Index thereafter. International stock benchmark returns are adjusted for withholding taxes.
| YEAR | 1ST QUARTER | 2ND QUARTER | 3RD QUARTER | 4TH QUARTER |
|---|
| YEAR |
|---|
| AS OF | 1 MONTH | 3 MONTH | YTD AS OF | YTD AS OF | 1 YEAR | 3 YEAR | 5 YEAR | 10 YEAR | |
|---|---|---|---|---|---|---|---|---|---|
V059 (NAV) | |||||||||
The performance data shown represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited.
Performance data for periods of less than one year does not reflect the deduction of purchase and redemption fees. Maintenance, low balance, and service fees may be assessed by some funds. None of these fees are reflected in the performance figures. If these fees were included, the performance would be lower. All other performance data are adjusted for purchase and redemption fees, where applicable.
The performance of an index is not an exact representation of any particular investment, as you cannot invest directly in an index. Benchmark comparative indexes represent unmanaged or average returns on various financial assets, which can be compared with funds' total returns for the purpose of measuring relative performance.
Investments in Target Retirement Funds are subject to the risks of their underlying funds. The year in the Fund name refers to the approximate year (the target date) when an investor in the Fund would retire and leave the work force. The Fund will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. An investment in the Target Retirement Fund is not guaranteed at any time, including on or after the target date.
Price & Distributions
Closing price
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Portfolio
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Risk and volatility
as of
Because the trust invests substantially all of its assets in underlying Vanguard funds, it is subject to underlying fund risk. This means that the trust is exposed to all of the risks associated with the investment strategies and policies of the underlying Vanguard funds, including the risk that the underlying funds will not meet their investment objectives. The trust is subject to several stock and bond market risks, any of which could cause an investor to lose money. However, based on the trust’s current allocation between stocks and the less volatile asset class of bonds, the trust’s overall level of risk should be higher than those trusts that invest mostly in bonds, but lower than those investing mostly in stocks. As the trust’s allocation between underlying funds gradually changes, the trust’s overall level of risk also will decline. The trust also is subject to asset allocation risk, which is the chance that the selection of underlying funds and the allocation of fund assets will cause the trust to underperform other trusts with a similar investment objective. Investments in Target Retirement Trusts are subject to the risks of their underlying funds. The year in the trust name refers to the approximate year 2030 when an investor in the trust would retire and leave the workforce. The trust will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. An investment in the trust is not guaranteed at any time, including on or after the target date.
Management
The trust uses an asset allocation strategy designed for investors planning to retire between 2028 and 2032. The trust seeks to provide growth of capital and current income consistent with its current target allocation by investing in a gradually more conservative mix of the following Vanguard funds and trusts: Total Stock Market Index Fund, Total Bond Market II Index Fund, Institutional Total International Stock Market Index Trust II, Total International Bond II Index Fund, and Short-Term Inflation-Protected Securities Fund. The combination of funds and trusts produces a portfolio that is diversified by asset class and holdings.
The trust is one of a series of Vanguard trusts that use a targeted maturity approach as a simplified way to meet investors’ different objectives, time horizons, and changing risk tolerances. As your retirement date approaches, the trust’s allocation will grow more conservative and will begin to invest in the Vanguard Short-Term Inflation-Protected Securities Index Fund to provide a hedge against inflation while dampening the overall volatility of the portfolio. In this regard, the trust diversifies both stock and conventional bond exposure. Within seven years after 2030, the trust’s asset allocation should resemble that of the Target Retirement Income Trust.