VANGUARD TARGET RETIREMENT INCOME FUND

VANGUARD CHESTER FUNDS · Series S000002569 · 1 share classes

Equity fund · 99% stocks
One fund, 1 share classes:VTINX
$35.32B NAV
8 positions · as of 2026-03-31 · filed 2026-05-28
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2026 Q1

Vanguard Target Retirement Income Fund (the Fund) seeks to provide current income and some capital appreciation.

Strategy · summarised

The fund invests in a mix of Vanguard mutual funds allocated across U.S. and foreign stocks, U.S. and foreign fixed income securities, and inflation-indexed securities according to an asset allocation strategy designed for investors currently in retirement. The underlying funds hold a diversified mix of large-, mid-, and small-capitalization stocks and investment-grade bonds across government, corporate, and securitized sectors, with foreign currency exposure on non-dollar bonds hedged to minimize currency risk.

Expenses
0.08%one share class
Share classExpense ratio
VTINX0.08%

Portfolio turnover 7.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

99.80%
of net assets
Stocks99.19%
Cash & short-term0.63%
Derivatives-0.01%

The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 2 new2 exited

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

1-year
3-year
5-year
Volatility
Worst 3-yr fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Vanguard Total Bond Market II Index Fund36.91%$13.04B
Vanguard Total Stock Market Index Fund17.66%$6.24B
Vanguard Short-Term Inflation-Protected Securities Index Fund16.63%$5.87B
Vanguard Total International Bond II Index Fund15.55%$5.49B
Vanguard Total International Stock Index Fund12.44%$4.39B
Vanguard Cmt Funds-Vanguard Market Liquidity Fund0.63%$221.86M
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Top 10 positions are 99.81% of net assets, top 25 99.81%, across 7 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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