Vanguard Target Retirement is a suitable target-date series for any investor. Our conviction in the team and process is unchanged, but under our new Morningstar Analyst Rating methodology, its two share classes have been downgraded to Silver from Gold, given the small return differential between target-date series and the presence of other highly rated peers.
Will VTXVX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VTXVX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VTXVX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VTXVX’s parent organization’s priorities and whether they’re in line with investors’ interests.