Vanguard Institutional Target Retirement 2045 Fund
Data updated: 2022-03-01
C000155405 — Vanguard Institutional Target Retirement 2045 Fund. Target Date / Glide Path Allocation. Holdings, fees, performance and SEC filings.
C000155405 Fund Overview
Vanguard Institutional Target Retirement 2045 Fund is a US mutual fund managed by Vanguard Chester Funds, categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Vanguard Chester Funds
- Category: Target Date / Glide Path Allocation
- Assets under management: $45.06B
- 1-year return: 16.3%
- SEC CIK: 0000752177
- SEC series ID: S000049268
- Share class ID: C000155405
C000155405 Investment Objective and Strategy
Vanguard Institutional Target Retirement 2045 Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Vanguard Chester Funds.
Investment objective
The Fund seeks to provide capital appreciation and current income consistent with its current asset allocation.
Principal investment strategy
The Fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors planning to retire and leave the workforce in or within a few years of 2045 (the target year). The Fund is designed for an investor who plans to withdraw the value of an account in the Fund over a period of many years after the target year. The Funds asset allocation will become more conservative over time, meaning that the percentage of assets allocated to stocks will decrease while the percentage of assets allocated to bonds and other fixed income investments will increase. Within seven years after 2045, the Funds asset allocation should become similar to that of the Institutional Target Retirement Income Fund. As of September 30, 2017, the Funds asset allocation among the underlying funds was as follows: ?
Vanguard Total Stock Market Index Fund 54.2% ? Vanguard Total International Stock Index Fund 35.8% ? Vanguard Total Bond Market II Index Fund 7.1% ? Vanguard Total International Bond Index Fund 2.9% At any given time, the Funds asset allocation may be affected by a variety of factors, such as whether the underlying funds are accepting additional investments. The Funds indirect stock holdings are a diversified mix of U.S. and foreign large-, mid-, and small-capitalization stocks. The Funds indirect bond holdings are a diversified mix of short-, intermediate-, and long-term U.S. government, U.S. agency, and investment-grade U.S. corporate bonds; mortgage-backed and asset-backed securities; and government, agency, corporate, and securitized investment-grade foreign bonds issued in currencies other than the U.S.
dollar (but hedged by Vanguard to minimize foreign currency exposure).
C000155405 Performance
Total returns for C000155405 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 16.3% |
| 3 years (annualised) | 16.5% |
C000155405 Risk Information
Risk metrics for C000155405, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.4%
C000155405 Costs and Fees
C000155405 costs about $9 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.09%
- Gross expense ratio: 0.09%
- Portfolio turnover: 6%
- Brokerage commissions: 0.02 bps of average net assets (SEC N-CEN)
C000155405 Cashflows
Over the 12 months to 2021-12, Vanguard Institutional Target Retirement 2045 Fund had net inflows of $11.51B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-12 | −$41.67M |
| 2021-11 | $670.50M |
| 2021-10 | $754.76M |
| 2021-09 | $42.12M |
| 2021-08 | $1.54B |
| 2021-07 | $891.71M |
C000155405 Debt Constituents
No individual debt constituents are reported in Vanguard Institutional Target Retirement 2045 Fund's latest SEC N-PORT filing.
C000155405 Prospectus and SEC Filings
Official Vanguard Institutional Target Retirement 2045 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-01-31
- Prospectus (485BPOS) — filed 2021-01-28
- Prospectus (485BPOS) — filed 2020-02-21
- Portfolio holdings (N-PORT) — filed 2022-03-01
- Portfolio holdings (N-PORT) — filed 2021-11-29
- Portfolio holdings (N-PORT) — filed 2021-08-30
- Annual census (N-CEN) — filed 2021-12-14
- Annual census (N-CEN) — filed 2020-12-11
Related Funds
Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.