VTWNX — Vanguard Target Retirement 2020 Fund
Data updated: 2026-08-28
VTWNX — Vanguard Target Retirement 2020 Fund. Target Date / Glide Path Allocation · $34.24B AUM. Holdings, fees, performance and SEC filings.
VTWNX Fund Overview
VTWNX — Vanguard Target Retirement 2020 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: $34.24B
- 1-year return: 10.6%
- Ticker: VTWNX
- SEC CIK: 0000752177
- SEC series ID: S000012759
- Share class ID: C000034438
VTWNX Holdings
Top 6 holdings of Vanguard Target Retirement 2020 Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Vanguard Total Bond Market II Index Fund | 35.25% |
| Vanguard Total Stock Market Index Fund | 20.12% |
| Vanguard Total International Bond II Index Fund | 14.99% |
| Vanguard Short-Term Inflation-Protected Securities Index Fund | 14.88% |
| Vanguard Total International Stock Index Fund | 13.95% |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 0.64% |
VTWNX Portfolio Allocation
Asset-class allocation of Vanguard Target Retirement 2020 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.2% |
| Cash & Equivalents | 0.6% |
VTWNX Performance
Total returns for VTWNX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.9% |
| 1 year | 10.6% |
| 3 years (annualised) | 10.0% |
| 5 years (annualised) | 4.6% |
VTWNX Risk Information
Risk metrics for VTWNX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.5%
VTWNX Costs and Fees
VTWNX costs about $8 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.08%
- Gross expense ratio: 0.08%
- Portfolio turnover: 8%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
VTWNX Cashflows
Over the 12 months to 2026-06, Vanguard Target Retirement 2020 Fund had net outflows of $2.27B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$511.89M |
| 2026-05 | −$525.70M |
| 2026-04 | −$315.48M |
| 2026-03 | −$414.35M |
| 2026-02 | −$420.23M |
| 2026-01 | −$438.67M |
VTWNX Debt Constituents
No individual debt constituents are reported in Vanguard Target Retirement 2020 Fund's latest SEC N-PORT filing.
VTWNX Prospectus and SEC Filings
Official Vanguard Target Retirement 2020 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-28
- Prospectus (485BPOS) — filed 2025-01-31
- Prospectus (485BPOS) — filed 2024-01-31
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2025-12-10
- Annual census (N-CEN) — filed 2024-12-12
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.