VANGUARD TARGET RETIREMENT 2065 FUND
VANGUARD CHESTER FUNDS · Series S000056748 · 1 share classes
data updated 2026-08-10
Fund profile
As filed in the prospectus · 2026 Q1
Vanguard Target Retirement 2065 Fund (the Fund) seeks to provide capital appreciation and current income consistent with its current asset allocation.
The fund invests in a mix of Vanguard mutual funds according to an asset allocation strategy designed for investors planning to retire around 2065. The asset allocation becomes progressively more conservative over time, with the equity allocation declining and fixed income increasing as the target year approaches. Within seven years after 2065, the allocation will resemble that of Vanguard Target Retirement Income Fund.
| Share class | Expense ratio |
|---|---|
| VLXVX | 0.08% |
Portfolio turnover 1.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q1
| Stocks | 99.36% |
| Cash & short-term | 0.66% |
| 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
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to 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
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | Vanguard Total Stock Market Index Fund | 52.64% | $7.60B | 25.9M |
| — | Vanguard Total International Stock Index Fund | 37.04% | $5.35B | 217.1M |
| — | Vanguard Total Bond Market II Index Fund | 6.78% | $978.45M | 102.6M |
| — | Vanguard Total International Bond II Index Fund | 2.90% | $419.30M | 16.2M |
| — | Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 0.66% | $95.10M | — |
Top 10 positions are 100.02% of net assets, top 25 100.02%, across 6 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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