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Vanguard Target Retirement 2020 Trust Plus
A Commingled Fund
Please click on the Investment Option Disclosure link above for more information.
Release date as of 2021-09-30. Data on page is subject to change.
Snapshot Total Returns Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2021-09-30
Out of 161
Target-Date 2020 Funds
Morningstar®
Style Box™
What is this?
As of 2021-08-31
As of 2021-08-31
Total Fund Assets ($ Mil)
258.2
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
Vanguard Target Retirement 2020 Fund seeks to provide capital appreciation and current income consistent with its current asset allocation.
These investments seek to provide growth of capital appreciation and current income consistent with its current asset allocation. The fund invests in Vanguard mutual funds using an asset allocation strategy designed for investors planning to retire and leave the workforce in or within a few years of 2020 (the target year). The trust's asset allocation will become more conservative over time. Within seven years after 2020, the trust's asset allocation should resemble that of the Target Retirement Income Fund.
  Morningstar Category: Target-Date 2020
Target-date portfolios provide diversified exposure to stocks, bonds, and cash for those investors who have a specific date in mind (in this case, the years 2016-2020) for retirement. These portfolios aim to provide investors with an optimal level of return and risk, based solely on the target date. Management adjusts the allocation among asset classes to more-conservative mixes as the target date approaches, following a preset glide path. A target-date portfolio is part of a series of funds offering multiple retirement dates to investors. 
  Target Asset Allocation
Glide Path
Allocation
Bonds
US Stocks
Non-US Stocks
Cash
Other
Years Until Retirement
  Performance
Growth of $10,000
(from 2011-01-01 to 2021-09-30)
Investment: Vanguard Target Retirement 2020 Trust Plus
Benchmark 1: Morningstar Mod Tgt Risk TR USD
Benchmark 2: Morningstar Lifetime Mod 2020 TR USD
Category: Target-Date 2020
This graph presents historical performance for the investment as well as an index and/or peer group. If the investment, index and/or peer group have performed similarly, the line representing the fund will overlay the index and/or peer group. Therefore, the line(s) representing the index and/or peer group history may be hidden.
Total Annualized Returns %
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Investment 5.14 13.42 9.08 8.68 9.19 6.84
Morningstar Mod Tgt Risk TR USD 6.53 17.44 10.06 9.42 8.99 8.35
Morningstar Lifetime Mod 2020 TR USD 5.24 14.14 9.71 8.58 8.65 8.01
Category 5.40 13.70 8.63 8.05 8.49 7.05
Morningstar Rating --- --- ---
# of compared Target-Date 2020 funds covered (3 yrs : out of 161 funds) (5 yrs : out of 122 funds) (10 yrs : out of 66 funds)
Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods.
Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.
Fees and Expenses
Expense Ratio 0.06%
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 28.5
Bullet Non-U.S. Stocks Non-U.S. Stocks 18.8
Bullet Bonds Bonds 51.9
Bullet Cash Cash 0.4
Bullet Other Other 0.4
Asset Allocation Rescaled Graph
Data through 2021-08-31
Morningstar Equity Sectors
% of Stocks
Cyclical 35.56
Basic Materials 4.82
Consumer Cyclical 11.65
Financial Services 15.40
Real Estate 3.69
Sensitive 43.29
Communication Services 9.00
Energy 3.15
Industrials 10.79
Technology 20.35
Defensive 21.14
Consumer Defensive 6.52
Healthcare 12.00
Utilities 2.62
Data through 2021-08-31
Morningstar Fixed-Income Sectors
% Fund
Government 64.69
Corporate 20.03
Securitized 14.05
Municipal 0.42
Cash & Equivalents 0.81
Other 0.00
Data through 2021-08-31
Credit Analysis
% Bonds
AAA 76.36
AA 2.43
A 9.18
BBB 12.04
BB 0.00
B 0.00
Below B 0.01
Not Rated 0.00
Data through 2021-08-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 0
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 99.69
Turnover % (as of 2020-03-31) 21.83
30 Day SEC Yield % ---
Top Holdings
Sector Country Maturity Date Market Value ($000) % of Net Assets
Vanguard Total Bond Market II Idx I --- USA --- 11,028,164 30.24
Vanguard Total Stock Mkt Idx Instl Pls --- USA --- 10,423,991 28.58
Vanguard Instl Ttl Intl Stk Mkt Idx TrII --- USA --- 6,805,027 18.66
Vanguard Total Intl Bd II Idx Insl --- USA --- 4,703,894 12.90
Vanguard Shrt-Term Infl-Prot Sec Idx Ins --- USA --- 3,394,832 9.31
Data through 2021-08-31
  Principal Risks   
Credit and Counterparty, Inflation-Protected Securities, Prepayment (Call), Country or Region, Income, Index Correlation/Tracking Error, Interest Rate, Market/Market Volatility, Underlying Fund/Fund of Funds, Passive Management, Portfolio Diversification, Target Date
Show Risk Definitions
  Other Information
Product Inception Date: 2011-08-15
Initial Shareclass Inception Date: 2006-07-31
Portfolio Manager(s)
William A. Coleman   (2013-02-28)
William A. Coleman, CFA, Portfolio Manager at Vanguard. He has worked in investment management since joining Vanguard in 2006 and has co-managed the Conservative Allocation and Moderate Allocation Portfolios since 2013. Education: B.S., King’s College; M.S., Saint Joseph’s University.
Walter Nejman   (2013-02-28)
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.
Investment Advisor(s)
Vanguard
Issuer
Vanguard Group Inc
Show Data Definitions

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