Morningstar

Vanguard Target Retirement 2045 Fund VTIVX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 38.84  /  +0.31 %
  • Total Assets 120.0B
  • Adj. Expense Ratio
    0.080%
  • Expense Ratio 0.000
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Target-Date 2045
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Status Open
  • TTM Yield 1.96%
  • Turnover 4%

USD | NAV as of Oct 07, 2026 | 1-Day Return as of Oct 07, 2026, 12:11 AM GMT+0

Morningstar’s Analysis VTIVX

Will VTIVX outperform in the future?

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

  • Process Pillar

    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

    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

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

Keeping calm and carrying on.

Senior Principal Jason Kephart

Jason Kephart

Senior Principal

Summary

As more target-date series tweak their approaches in reaction to market events, Vanguard Target Retirement stands out for its steadfast dedication to a straightforward, broadly diversified, and low-cost retirement solution, one that is a direct reflection of Vanguard's deep-rooted investment philosophy.

by Jason Kephart
Rated on Published on

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Portfolio Holdings VTIVX

More VTIVX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 99.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Vanguard MStar Total Stk Mkt Idx Inst Pl

48.93 60B
—

Vanguard Total Intl Stock Index Inv

33.43 41B
—

Vanguard Total Bond Market II Idx Inv

12.31 15B
—

Vanguard Total Intl Bd II Idx Insl

4.86 6B
—

Mktliq 12/31/2049

0.48 580M
Cash and Equivalents

Us Dollar

−0.01 −14M
Cash and Equivalents

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