# Vanguard Institutional Target Retirement 2055 Fund Institutional Shares (VIVLX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vivlx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Vanguard · Asset class: Equity - Strategy: Actively Managed · Inception: 2019-01-02 This fund aims to deliver long-term capital growth and produce current income, aligned with its prevailing investment strategy. It allocates its holdings among various Vanguard mutual funds, employing an asset allocation methodology specifically tailored for investors who plan to retire and leave the workforce around the year 2055. As the target year draws nearer, the fund's investment mix will progressively shift to a more conservative stance, meaning it will decrease its exposure to stocks while simultaneously increasing its allocation to bonds and other fixed-income securities. ## Key Facts | Metric | Value | |---|---| | Price | $32.18 | | Expense Ratio | — | | Assets Under Management | $20.22B | | NAV | $32.18 (2022-02-11 close) | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Irregular | | 52-Week Range | $30.87 – $35.32 | | Beta | 1.43 | ## Latest Distribution - Amount: $0.5750 /share - Ex-date: 2020-12-30 - Pay date: — ## Frequently Asked Questions ### What does VIVLX invest in? This fund aims to deliver long-term capital growth and produce current income, aligned with its prevailing investment strategy. It allocates its holdings among various Vanguard mutual funds, employing an asset allocation methodology specifically tailored for investors who plan to retire and leave the workforce around the year 2055. As the target year draws nearer, the fund's investment mix will progressively shift to a more conservative stance, meaning it will decrease its exposure to stocks while simultaneously increasing its allocation to bonds and other fixed-income securities. ### What is the expense ratio of VIVLX? An expense ratio for Vanguard Institutional Target Retirement 2055 Fund Institutional Shares (VIVLX) 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 VIVLX? Vanguard Institutional Target Retirement 2055 Fund Institutional Shares (VIVLX) manages $20.22B 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 VIVLX actively managed or an index fund? VIVLX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds in exchange for the discretion to over- or under-weight positions. ### When was VIVLX launched? Vanguard Institutional Target Retirement 2055 Fund Institutional Shares (VIVLX) launched in January 2019 and is managed by Vanguard. ### How has VIVLX performed? VIVLX'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. ### Does VIVLX pay a dividend? Vanguard Institutional Target Retirement 2055 Fund Institutional Shares (VIVLX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does VIVLX pay dividends? Vanguard Institutional Target Retirement 2055 Fund Institutional Shares pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is VIVLX's dividend yield? VIVLX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is VIVLX's next ex-dividend date? The most recently announced ex-dividend date for VIVLX was 2020-12-30. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### Why is VIVLX's expense ratio not shown? Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check twice a month) report an expense ratio for Vanguard Institutional Target Retirement 2055 Fund Institutional Shares (VIVLX). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number. ### How does VIVLX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VIVLX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/vivlx - Distribution history: https://www.dividenddata.com/funds/vivlx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vivlx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vivlx/expenses - Peer comparison: https://www.dividenddata.com/funds/vivlx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.