Target Retirement Income Fund (VTINX)

 
 

Characteristics

Stylebox

Vanguard style view is not available. This fund is not accurately defined by style, either because of the fund's investment mandate, or asset class.

 

 

Composition

Allocation to underlying funds (actual)  as of 03/31/2014

 
Fund name

2060

2055

2050

2045

2040

2035

2030

2025

2020

2015

2010

Income

Total Stock Market Index

63.0% 62.9% 63.0% 62.9% 62.9% 59.0% 53.7% 48.5% 43.3% 36.7% 27.2% 21.1%

Total International Stock Index

27.0% 27.1% 27.1% 27.1% 27.0% 25.3% 23.1% 20.8% 18.6% 15.8% 11.8% 9.0%

Total Bond Market II Index

8.0% 8.0% 7.9% 8.0% 8.1% 12.6% 18.6% 24.6% 30.5% 31.7% 36.0% 39.2%

Total International Bond Index

2.0% 2.0% 2.0% 2.0% 2.0% 3.1% 4.6% 6.1% 7.6% 9.5% 12.1% 14.0%

Short-Term Inflation-Protected Securitie

6.3% 12.9% 16.7%
Total 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
 

People and process

Firms

Vanguard Equity Investment Group

Product management

Vanguard Target Retirement Income Fund uses an asset allocation strategy designed for investors currently in retirement. The fund seeks to provide current income and some capital appreciation by investing in a mix of the following five Vanguard funds: Total Bond Market II Index Fund, Total Stock Market Index Fund, Total International Bond Index Fund, Short-Term Inflation-Protected Securities Index Fund, and Total International Stock Index Fund. The combination of funds produces a portfolio that is diversified by asset class and holdings.Vanguard Target Retirement Income Fund is one of a series of Vanguard life-cycle funds that use a targeted maturity approach as a simplified way to meet investors’ different objectives, time horizons, and changing risk tolerances. The fund invests in Vanguard Short-Term Inflation-Protected Securities Index Fund to provide a hedge against inflation while dampening the overall volatility of the portfolio. In this regard, the fund diversifies both stock and conventional bond exposure.

Vanguard Equity Investment Group

Firm description

Launched in 1975, The Vanguard Group, Malvern, Pennsylvania, is among the world’s largest equity and fixed income managers. As chief investment officer and managing director, Mortimer J. Buckley oversees Vanguard’s Equity Investment and Fixed Income Groups. Joseph Brennan, CFA, Principal of Vanguard and head of Vanguard’s Equity Index Group, has oversight responsibility for all equity index funds managed by the Equity Investment Group. John Ameriks, Ph.D., Principal of Vanguard and head of Vanguard’s Active Equity Group, has oversight responsibility for all active equity funds managed by the Equity Investment Group. The Equity Investment Group manages indexed and structured equity portfolios covering U.S. and international markets. It has developed sophisticated portfolio construction methodologies and efficient trading strategies that seek to deliver returns that are highly correlated with target portfolio benchmarks. The group has advised Vanguard Target Retirement Income Fund since 2003.

Investment Manager Biographies

Michael H. Buek, CFA, Principal

  • Portfolio manager.
  • Advised the fund since 2013.
  • Worked in investment management since 1987.
  • B.S., University of Vermont.
  • M.B.A., Villanova University.

William Coleman

  • Portfolio manager.
  • Advised the fund since 2013.
  • Worked in investment management since 2006.
  • B.S., King's College.
  • M.S., St. Joseph's University.

Walter Nejman

  • Portfolio manager.
  • Advised the fund since 2013.
  • Worked in investment management since 2008.
  • B.A., Arcadia University.
  • M.B.A., Villanova University.

 
 
 
 

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