VTWNX Performance — Vanguard Target Retirement 2020 Fund, Investor Shares
Data updated: 2026-08-28
VTWNX returned +4.88% year to date and +10.65% over one year to Jun 2026. Annualised returns are +10.04% over 3 years and +4.64% over 5 years. The fund trailed its Target-Date category average: $100 invested three years ago grew to $133, against $150 for the category, and to $111 over one year, against $118. Volatility over the past three years was 6.60% a year. In the 12 months to Jun 2026 the fund lost a net $2.3B, and assets reached $34.24B.
VTWNX Growth of $100
What $100 invested in Vanguard Target Retirement 2020 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | VTWNX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $111 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $133 | $150 |
| 5 years (Jul 2021 – Jun 2026) | $125 | $143 |
| Since data start (Jul 2019 – Jun 2026) | $157 | $187 |
VTWNX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +4.88% |
| 1 year | +10.65% |
| 3 years (annualised) | +10.04% |
| 5 years (annualised) | +4.64% |
VTWNX Annual Returns
Calendar-year total returns of Vanguard Target Retirement 2020 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +4.88% |
| 2025 | +12.15% |
| 2024 | +7.75% |
| 2023 | +12.51% |
| 2022 | −14.15% |
| 2021 | +8.17% |
| 2020 | +12.04% |
| 2019 (Jul–Dec) | +5.67% |
VTWNX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.4% | +1.4% | −3.2% | +3.4% | +1.8% | 0.0% | — | — | — | — | — | — |
| 2025 | +1.5% | +0.9% | −1.2% | +0.9% | +1.8% | +2.4% | +0.3% | +1.7% | +1.7% | +1.1% | +0.3% | +0.3% |
| 2024 | −0.1% | +1.2% | +1.7% | −2.4% | +2.4% | +1.1% | +2.0% | +1.6% | +1.7% | −1.9% | +2.1% | −1.8% |
| 2023 | +4.7% | −2.4% | +2.5% | +0.8% | −0.9% | +2.3% | +1.6% | −1.4% | −2.8% | −1.7% | +5.7% | +3.9% |
| 2022 | −3.0% | −1.7% | −0.4% | −5.1% | +0.3% | −4.6% | +4.5% | −3.2% | −6.2% | +2.4% | +5.2% | −2.6% |
| 2021 | −0.3% | +0.7% | +1.0% | +2.3% | +0.9% | +0.9% | +0.9% | +1.0% | −2.3% | +2.3% | −0.9% | +1.6% |
| 2020 | +0.2% | −3.2% | −8.0% | +6.3% | +2.8% | +1.9% | +3.2% | +2.6% | −1.3% | −1.2% | +6.4% | +2.6% |
| 2019 | — | — | — | — | — | — | +0.3% | 0.0% | +0.8% | +1.4% | +1.3% | +1.7% |
VTWNX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 6.60%
- 3-year Sharpe ratio: 0.84 (vs 4.5% risk-free rate)
- Best month: +5.66% (Nov 2023)
- Worst month: −3.22% (Mar 2026)
VTWNX Fund Flows
Monthly money in and out of Vanguard Target Retirement 2020 Fund, from SEC Form N-PORT.
- 12-month net flow: −$2.3B
- 12-month gross sales (incl. reinvestments): $5.4B
- Sales ÷ redemptions: 0.70×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $139.8M | $651.7M | −$511.9M |
| May 2026 | $124.1M | $649.8M | −$525.7M |
| Apr 2026 | $385.5M | $700.9M | −$315.5M |
| Mar 2026 | $185.2M | $599.5M | −$414.3M |
| Feb 2026 | $157.1M | $577.3M | −$420.2M |
| Jan 2026 | $400.4M | $839.0M | −$438.7M |
| Dec 2025 | $3.0B | $640.9M | $2.4B |
| Nov 2025 | $199.1M | $505.5M | −$306.4M |
| Oct 2025 | $198.8M | $633.2M | −$434.5M |
| Sep 2025 | $192.1M | $575.5M | −$383.4M |
| Aug 2025 | $181.8M | $645.3M | −$463.4M |
| Jul 2025 | $196.7M | $647.7M | −$451.1M |
VTWNX Assets Under Management
Net assets of Vanguard Target Retirement 2020 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $34.24B |
| 2026-03-31 | $33.80B |
| 2025-12-31 | $35.22B |
| 2025-09-30 | $35.67B |
| 2025-06-30 | $35.64B |
| 2025-03-31 | $34.93B |
| 2024-12-31 | $35.99B |
| 2024-09-30 | $37.92B |
| 2024-06-30 | $37.33B |
| 2024-03-31 | $38.39B |
| 2023-12-31 | $39.04B |
| 2023-09-30 | $37.76B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.