1Vanguard and Morningstar, as of September 30, 2021. Vanguard is the largest target-date fund manager in the industry.
2Vanguard Target Retirement Funds average expense ratio as of December 31, 2021: 0.11%. Vanguard Target Retirement Funds expense ratio as of February 14, 2022: 0.08%. Industry average expense ratio for comparable target-date funds as of December 31, 2021: 0.49%. All averages are asset-weighted. Industry average excludes Vanguard. Sources: Vanguard and Morningstar.
3Source: Vanguard, How America Saves 2020.
4Sources: Vanguard and Morningstar, Inc., as of June 30, 2021. Our Target Retirement Funds with a 10-year track record or longer (2055 and earlier vintages in Investor Shares), on average, ranked in the top 25% among peer groups for 10-year returns through mid-2021. Vanguard Target Retirement Income Fund ranked 19% out of 111 peers; 2015 Fund, 57% out of 69; 2020 Fund, 16% out of 97; 2025 Fund, 15% out of 131; 2030 Fund, 21% out of 124; 2035 Fund, 27% out of 126; 2040 Fund, 28% out of 124; 2045 Fund, 18% out of 125; 2050 Fund, 19% out of 122; and 2055 Fund, 28% out of 84. The average ranking among the funds was 24.8%. Only competing funds with a 10-year history were included. Results will vary in other time periods. Note that the competitive performance data shown represent past performance, which is not a guarantee of future results, and that all investments are subject to risks. For the most recent performance, visit www.vanguard.com/performance.
5Morningstar, Target-Date Strategy Landscape, 2022.
6 Forbes Advisor, The Best Target Date Funds for Retirement, 2022.
7Vanguard is investor-owned, meaning the fund shareholders own the funds, which in turn own Vanguard.