Morningstar® Investment Profile™   Investment
Option Disclosure
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Vanguard Target Retirement Income Trust Plus
A Commingled Fund
Please click on the Investment Option Disclosure link above for more information.
Release date as of 2021-12-31. Data on page is subject to change.
Snapshot Total Returns Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
What is this?
As of 2021-12-31
Out of 151
Target-Date Retirement Funds
Style Box™
What is this?
As of 2021-11-30
As of 2021-10-31
Total Fund Assets ($ Mil)
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks to provide current income and some capital appreciation.
The fund invests in Vanguard mutual funds using an asset allocation strategy designed for investors currently in retirement.
  Morningstar Category: Target-Date Retirement
Retirement income portfolios provide a mix of stocks, bonds, and cash for those investors already in or entering retirement. These portfolios tend to be managed to more of a conservative asset-allocation strategy. These portfolios aim to provide investors with steady income throughout retirement. 
  Target Asset Allocation
Glide Path
US Stocks
Non-US Stocks
Years Until Retirement
Growth of $10,000
(from 2011-09-30 to 2021-12-31)
Investment: Vanguard Target Retirement Income Trust Plus
Benchmark 1: Morningstar Mod Tgt Risk TR USD
Benchmark 2: Morningstar Lifetime Mod Incm TR USD
Category: Target-Date Retirement
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 5.27 5.27 9.51 6.93 5.95 6.21
Morningstar Mod Tgt Risk TR USD 10.19 10.19 13.95 10.07 8.75 8.49
Morningstar Lifetime Mod Incm TR USD 7.62 7.62 10.46 7.43 6.08 5.93
Category 5.51 5.51 9.11 6.52 5.41 5.46
Morningstar Rating --- --- ---
# of compared Target-Date Retirement funds covered (3 yrs : out of 151 funds) (5 yrs : out of 126 funds) (10 yrs : out of 78 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
U.S. Stocks 17.5
Non-U.S. Stocks 11.4
Bonds 67.4
Cash 3.2
Other 0.5
Total 100.0
Asset Allocation Long/Short/Net Graph
Data through 2021-11-30
Morningstar Equity Sectors
% of Stocks
Cyclical 35.84
Basic Materials 4.63
Consumer Cyclical 12.06
Financial Services 15.51
Real Estate 3.64
Sensitive 43.43
Communication Services 8.58
Energy 3.64
Industrials 10.71
Technology 20.50
Defensive 20.72
Consumer Defensive 6.41
Healthcare 11.74
Utilities 2.57
Data through 2021-11-30
Morningstar Fixed-Income Sectors
% Fund
Government 55.85
Corporate 15.39
Securitized 10.79
Municipal 0.32
Cash & Equivalents 3.98
Other 13.67
Data through 2021-11-30
Credit Analysis
% Bonds
AAA 65.55
AA 7.81
A 13.21
BBB 12.81
BB 0.00
B 0.00
Below B 0.30
Not Rated 0.32
Data through 2021-10-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 0
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 99.09
Turnover % (as of 2019-12-31) 13.00
30 Day SEC Yield % ---
Top Holdings
Sector Country Maturity Date Market Value ($000) % of Net Assets
Vanguard Total Bond Market II Idx I --- USA --- 4,747,263 36.97
Vanguard Total Stock Mkt Idx Instl Pls --- USA --- 2,270,718 17.68
Vanguard Shrt-Term Infl-Prot Sec Idx Ins --- USA --- 2,183,696 17.01
Vanguard Total Intl Bd II Idx Insl --- USA --- 2,049,768 15.96
Vanguard Instl Ttl Intl Stk Mkt Idx TrII --- USA --- 1,473,011 11.47
Data through 2021-11-30
  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
Inception Date: 2011-08-15
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 Group Inc
Show Data Definitions

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