The acquired fund fees and expenses based on the fees and expenses of the underlying funds.
NAV
Management style
Asset class
Category
Risk / reward scale
Less
More
Acquired fund fees and expenses1
as of 03/31/2024
Investment minimum
as of 05/09/2025
NAV price
as of 05/09/2025
CUSIP | 92202V385 |
|---|---|
Management style | — |
Asset class | Balanced |
Category | Target-Date 2031-2035 |
Inception date | 08/15/2011 |
Fund Number | 1656 |
Minimum Investment
NAV Price
as of 05/09/2025
NAV change
as of 05/09/2025
Acquired fund fees and expenses2
as of 03/31/2024
YTD returns
as of 05/09/2025
Vanguard Equity Index Group
as of 04/30/2025
Recent returns
Average annual
| Month-end | 3-Month total | YTD | 1-yr | 3-yr | 5-yr | 10-yr | Since inception 08/15/2011 | |
|---|---|---|---|---|---|---|---|---|
— | 0.93% | -1.29% | 0.98% | 10.71% | 7.83% | 9.58% | 7.31% | 8.92% |
| 1.08% | -1.48% | 0.84% | 10.51% | 7.92% | 9.75% | 7.51% | 9.13% |
as of 03/31/2025
| Year | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Year-end | |
|---|---|---|---|---|---|---|
| 2025 | 0.05% | — | — | — | — | — |
| 2024 | 5.20% | 1.57% | 6.31% | -1.62% | 11.76% | 11.90% |
| 2023 | 5.95% | 4.10% | -3.27% | 9.88% | 17.22% | 17.43% |
| 2022 | -5.63% | -12.37% | -6.10% | 7.51% | -16.51% | -16.10% |
| 2021 | 3.15% | 5.72% | -0.85% | 4.61% | 13.10% | 13.24% |
| 2020 | -16.47% | 15.93% | 6.27% | 11.68% | 14.92% | 15.67% |
| 2019 | 10.29% | 3.45% | 0.70% | 6.71% | 22.61% | 22.76% |
| 2018 | -0.54% | 0.87% | 3.44% | -9.91% | -6.51% | -6.48% |
| 2017 | 5.57% | 3.55% | 4.21% | 4.64% | 19.22% | 19.25% |
| 2016 | 1.14% | 1.85% | 4.39% | 0.80% | 8.39% | 8.55% |
| 2015 | 2.39% | -0.04% | -7.01% | 3.90% | -1.11% | -1.02% |
as of 12/31/2024
| Year | Capital return by NAV | Income return by NAV | Total return by NAV | |
|---|---|---|---|---|
| 2024 | 11.76% | 0.00% | 11.76% | 11.90% |
| 2023 | 17.22% | 0.00% | 17.22% | 17.43% |
| 2022 | -16.51% | 0.00% | -16.51% | -16.10% |
| 2021 | 13.10% | 0.00% | 13.10% | 13.24% |
| 2020 | 14.92% | 0.00% | 14.92% | 15.67% |
| 2019 | 22.61% | 0.00% | 22.61% | 22.76% |
| 2018 | -6.51% | 0.00% | -6.51% | -6.48% |
| 2017 | 19.22% | 0.00% | 19.22% | 19.25% |
| 2016 | 8.39% | 0.00% | 8.39% | 8.55% |
| 2015 | -1.11% | 0.00% | -1.11% | -1.02% |
| 2014 | 7.30% | 0.00% | 7.30% | 7.57% |
| 2013 | 22.96% | 0.00% | 22.96% | 23.27% |
| 2012 | 15.34% | 0.00% | 15.34% | 15.23% |
| 2011 | 0.80% | 0.00% | 0.80% | — |
as of 04/30/2025
| 1-yr | 3-yr | 5-yr | 10-yr | Since inception 08/15/2011 | |
|---|---|---|---|---|---|
| — | 10.71% | 25.38% | 58.02% | 102.45% | 222.57% |
| 10.51% | 25.70% | 59.23% | 106.38% | — |
—
0.055%
Average expense ratio of similar funds5
0.43%
Purchase fee
None
Fund family redemption fee
None
None
The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate so that 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.
Performance data do not reflect the deduction of the $25 annual account service fee that may be applied to certain accounts. If this fee was included, performance would be lower.
Closing price as of 05/09/2025
NAV
NAV change
52-week High
as of 02/18/2025
52-week Low
as of 04/08/2025
52-week Difference
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as of 03/31/2025
as of 03/31/2025
| Fundamental | ||
|---|---|---|
| Fund total net assets as of 03/31/2025 | $116.0 B | — |
as of 03/31/2025
Realized gain
% of NAV
Unrealized gains of NAV
% of NAV
Fiscal year end
Distribution schedule
A fund's capital gains and losses can reveal the tax implications of holding a particular fund in a taxable account. This is true of both realized and unrealized capital gains and losses.
Learn about realized and unrealized gains and lossesA fund's capital gains and losses can reveal the tax implications of holding a particular fund in a taxable account. This is true of both realized and unrealized capital gains and losses.
Learn about realized and unrealized gains and lossesVanguard Target Retirement 2035 Trust Plus uses an asset allocation strategy designed for investors planning to retire between 2033 and 2037. The trust seeks to provide growth of capital and current income consistent with its current target allocation by investing in a gradually more conservative mix of the following Vanguard funds and trusts: Total Stock Market Index Fund, Total Bond Market II Index Fund, Institutional Total International Stock Market Index Trust II, Total International Bond II Index Fund, and Short-Term Inflation-Protected Securities Fund. The combination of funds and trusts produces a portfolio that is diversified by asset class and holdings.
Vanguard Target Retirement 2035 Trust Plus is one of a series of Vanguard trusts that use a targeted maturity approach as a simplified way to meet investors’ different objectives, time horizons, and changing risk tolerances. As your retirement date approaches, the trust’s allocation will grow more conservative and will begin to invest in the 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 trust diversifies both stock and conventional bond exposure. Within seven years after 2035, the trust’s asset allocation should resemble that of the Target Retirement Income Trust Plus.
Dashboard
The acquired fund fees and expenses based on the fees and expenses of the underlying funds.
Overview
The acquired fund fees and expenses based on the fees and expenses of the underlying funds.
Performance & fees
The acquired fund fees and expenses based on the fees and expenses of the underlying funds.
Most recent data available. © 2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; (3) does not constitute investment advice offered by Morningstar; and (4) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
R-squared and beta are calculated from trailing 36-month fund returns relative to the associated benchmark.
Portfolio composition
Alternative minimum tax (AMT) percentage represents the fund's income subject to the AMT as of the date indicated.
© 2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Vanguard average mutual fund expense ratio: 0.09%. Industry average mutual fund expense ratio: 0.50%. All averages are asset-weighted. Industry average excludes Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2023.
Total returns: Short-term total return information is provided only as a service. Historical performance—particularly short-term performance—is no guarantee of future returns. Price, yield, and return on an actual investment will fluctuate, and you may have a gain or loss when you sell. Average annual returns include changes in price and reinvestments of dividends and capital gains. Since-inception returns for less than 1 year and year-to-date returns aren't annualized. Index performance is provided as a benchmark but isn't illustrative of any particular investment. You can't invest in an index.
Standardized returns: To see quarterly fee-adjusted returns, refer to the Price & Performance details.
Expense ratios: Expense ratios are displayed on Overview. For investments that are less than 1 fiscal year old, expense ratios are estimated.
Risk: All investing is subject to risk, including the possible loss of the money you invest. Funds that concentrate on a relatively narrow market sector face the risk of higher share-price volatility. Investments in stocks or bonds issued by non-U.S. companies are subject to risks including country/regional risk and currency risk.
Because the trust invests substantially all of its assets in underlying Vanguard funds, it is subject to underlying fund risk. This means that the trust is exposed to all of the risks associated with the investment strategies and policies of the underlying Vanguard funds, including the risk that the underlying funds will not meet their investment objectives. The trust is subject to several stock and bond market risks, any of which could cause an investor to lose money. However, based on the trust’s current allocation between stocks and the less volatile asset class of bonds, the trust’s overall level of risk should be higher than those trusts that invest mostly in bonds, but lower than those investing mostly in stocks. As the trust’s allocation between underlying funds gradually changes, the trust’s overall level of risk also will decline. The trust also is subject to asset allocation risk, which is the chance that the selection of underlying funds and the allocation of fund assets will cause the trust to underperform other trusts with a similar investment objective. Investments in Target Retirement Trusts are subject to the risks of their underlying funds. The year in the trust name refers to the approximate year 2035 when an investor in the trust would retire and leave the workforce. The trust will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. An investment in the Target Retirement Trust is not guaranteed at any time, including on or after the target date.