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Vanguard Target Retirement 2045 Inv VTIVX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
31.62  /  0.16 %
Total Assets
31.7 Bil
Adj. Expense Ratio
0.150%
Expense Ratio
0.150%
Fee Level
Low
Longest Manager Tenure
8.44 years
Category
Target-Date 2045
Investment Style
Large Blend
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Status
Open
TTM Yield
1.43%
Turnover
9%

USD | NAV as of Aug 02, 2021 | 1-Day Return as of Aug 02, 2021, 10:26 PM GMT+00:00

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Morningstar’s Analysis

Will VTIVX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VTIVX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the VTIVX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

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The Parent Pillar is our rating of VTIVX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The original low-cost target-date series is still a cut above most peers.

Senior Analyst

Summary

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Vanguard Target Retirement is a suitable target-date series for any investor. It features an engaged management team and an unpretentious approach to portfolio construction. Near-retirees may find the series’ higher equity allocations tough to stomach during market stress, but long-term investors should fare well. It continues to earn a Morningstar Analyst Rating of Silver.

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