Vanguard Target Retirement 2020 Fund (VTWNX)

Fund Assets	33.40B
Expense Ratio	0.08%
Min. Investment	$1,000
Turnover	n/a
Dividend (ttm)	2.25
Dividend Yield	7.79%
Dividend Growth	-9.07%
Payout Frequency	Annual
Ex-Dividend Date	Dec 23, 2025

Previous Close	28.99
YTD Return	5.43%
1-Year Return	9.21%
5-Year Return	24.22%
52-Week Low	26.99
52-Week High	29.71
Beta (5Y)	0.49
Holdings	7
Inception Date	Jun 7, 2006

About VTWNX

Vanguard Target Retirement Funds furnish investors with a single, comprehensively diversified fund whose underlying asset allocation progressively evolves. These funds ensure broad diversification by systematically decreasing their equity holdings and augmenting their fixed-income investments as the target retirement year draws nearer. This dynamic adjustment process persists for roughly seven years beyond the target date, at which point their asset composition harmonizes with that of the Target Retirement Income Fund. Potential investors should be comfortable with the inherent market volatility risks associated with both stocks and bonds. This specific fund is designed for individuals anticipating retirement between 2018 and 2022.

• Fund Family: Vanguard
• Category: Target-Date 2020
• Stock Exchange: NASDAQ
• Ticker Symbol: VTWNX
• Share Class: Investor Shares
• Index: Index is not available on Lipper Database

Performance

VTWNX had a total return of 9.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.23%.

Top Holdings

Name	Symbol	Weight
Vanguard Total Bond Market II Idx Inv	VTBIX	35.24%
Vanguard MStar Total Stk Mkt Idx Inst Pl	VSMPX	20.19%
Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares	VTAPX	15.04%
Vanguard Total Intl Bd II Idx Insl	VTILX	14.97%
Vanguard Total Intl Stock Index Inv	VGTSX	13.94%
Mktliq 12/31/2049	n/a	0.65%
Us Dollar	n/a	-0.02%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 23, 2025	$2.25056	Dec 24, 2025
Dec 30, 2024	$2.47493	Dec 31, 2024
Dec 27, 2023	$1.66777	Dec 28, 2023
Dec 28, 2022	$1.26433	Dec 29, 2022
Dec 29, 2021	$6.0699	Dec 30, 2021
Dec 30, 2020	$2.1532	Dec 31, 2020

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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