VANGUARD TARGET RETIREMENT INCOME FUND
Target-date fund
As of its 2026 Q2 report, VANGUARD TARGET RETIREMENT INCOME FUND held 8 positions with $36.04B in net assets. Its ten largest holdings made up 99.8% of the fund. The VTINX share class costs 0.08% a year. Over the 12 months to May 2026, VTINX returned 12.1%, with dividends reinvested. In 2026 Q2 it added 2 new positions and exited 2.
Vanguard Target Retirement Income Fund (the Fund) seeks to provide current income and some capital appreciation.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Vanguard Total Bond Market II Index Fund | 36.36% | $13.10B | 1.4B | $9.51 |
Vanguard Total Stock Market Index Fund | 18.50% | $6.67B | 19.7M | $338.04 |
Vanguard Short-Term Inflation-Protected Securities Index Fund | 16.12% | $5.81B | 230.5M | $25.20 |
Vanguard Total International Bond II Index Fund | 15.42% | $5.56B | 213.0M | $26.09 |
Vanguard Total International Stock Index Fund | 12.80% | $4.61B | 167.9M | $27.47 |
Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 0.64% | $229.92M | — | — |
N/A | 0.00% | $0.92M | — | — |
N/A | 0.00% | $0.35M | — | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 8 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 59.29% |
| Stocks | 31.11% |
| Securitized | 7.56% |
| Cash & short-term | 3.38% |
| Derivatives | -0.30% |
Look-through blends 5 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
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.
How it has done
VTINX share class · total returns with dividends reinvested
Volatility over the last 12 months: 5.27%. Past returns are a record, not a forecast.
Jun 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.
Fees & fund details
VANGUARD TARGET RETIREMENT INCOME FUND is a target-date fund.
- Asset class
- Target-date
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.08%· VTINX 0.08%
- Portfolio turnover
- 7.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
2 new· not itemized for this fund
2 exited· not itemized for this fund
Understand how this fund fits with the rest.
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