Vanguard Institutional Target Retirement 2040 Fund Institutional Shares

Frequently Asked Questions About VIRSX

What does VIRSX invest in?

This fund aims to provide both long-term capital growth and a steady stream of income, aligning with its current investment portfolio. It accomplishes this by allocating its assets across various Vanguard mutual funds, following an investment strategy tailored for individuals planning to retire approximately around 2040. As the fund approaches its target year, its investment strategy will gradually become more conservative; this means its holdings in stocks will decrease, while its proportion of bonds and other fixed-income investments will correspondingly increase.

What is the expense ratio of VIRSX?

An expense ratio for Vanguard Institutional Target Retirement 2040 Fund Institutional Shares (VIRSX) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is VIRSX?

Vanguard Institutional Target Retirement 2040 Fund Institutional Shares (VIRSX) manages $47.41B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is VIRSX actively managed or an index fund?

VIRSX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was VIRSX launched?

Vanguard Institutional Target Retirement 2040 Fund Institutional Shares (VIRSX) launched in January 2019 and is managed by Vanguard.

How has VIRSX performed?

VIRSX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.