Vanguard Target Retirement 2020 Fund

Frequently Asked Questions About VTWNX

What does VTWNX invest in?

Vanguard Target Retirement Funds furnish investors with a single, comprehensively diversified fund whose underlying asset allocation progressively evolves. These funds ensure broad diversification by systematically decreasing their equity holdings and augmenting their fixed-income investments as the target retirement year draws nearer. This dynamic adjustment process persists for roughly seven years beyond the target date, at which point their asset composition harmonizes with that of the Target Retirement Income Fund. Potential investors should be comfortable with the inherent market volatility risks associated with both stocks and bonds. This specific fund is designed for individuals anticipating retirement between 2018 and 2022.

What is the expense ratio of VTWNX?

Vanguard Target Retirement 2020 Fund (VTWNX) charges an expense ratio of 0.08%. This is the annual fee deducted from fund assets to cover management and operations.

What is VTWNX's dividend yield?

VTWNX's trailing-twelve-month yield is 7.79%, calculated from the sum of dividends over the past year divided by the current price.

How big is VTWNX?

Vanguard Target Retirement 2020 Fund (VTWNX) manages $33.40B 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 VTWNX actively managed or an index fund?

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

When was VTWNX launched?

Vanguard Target Retirement 2020 Fund (VTWNX) launched in June 2006 and is managed by Vanguard.