Report : Investment | October 31, 2023

TDF Quarterly Review Q3 2023

Celebrating 20 years of Vanguard Target Retirement Funds

For the past 20 years, Vanguard has focused on delivering strong retirement savings outcomes for investors. As we look for ways to improve outcomes, increase personalization, improve ease of use, and lower costs for our investors, we will continue to look toward pushing the boundaries of how TDFs are configured.

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"A look back on 20 years of Vanguard Target Retirement Funds"

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Performance of key Vanguard index funds

 

Fund name

(Inception date)

Q4

2022

Q1

2023

Q2

2023

Q3

2023

1 YEAR

 

 

Vanguard Total Bond Market Index Fund

(09/18/1995)

1.67% 3.16% -0.90% -3.08% 0.74%  

Vanguard Total International Bond Index Fund

(05/31/2013)

-0.02% 3.54% 0.18% -1.50% 2.16%  

Vanguard Total Stock Market Index Fund

(07/07/1997)

7.16% 7.15% 8.42% -3.30% 20.38%  

Vanguard Total International Stock Index Fund

(11/29/2010)

14.72% 6.65% 2.61% -4.01% 20.50%  

Vanguard Short-Term Inflation-Protected Securities Index Fund

(10/17/2012)

1.27% 2.28% -0.69% 0.43% 3.31%  

Source of performance figures: Vanguard, Institutional share class, as of September 30, 2023.

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at institutional.vanguard.com. Standard performance of the funds can be located in the Quarterly Review Appendix.

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Investments in target-date funds are subject to the risks of their underlying funds. The year in the fund name refers to the approximate year (the target date) when an investor in the fund would retire and leave the work force. The fund will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. An investment in target date funds is not guaranteed at any time, including on or after the target date. 

For more information about Vanguard funds, visit vanguard.com to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.