Vanguard Target Retirement 2055 Fund
VFFVX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- Aug 18, 2010
- CIK
- 0000752177
- Website
- vanguard.com
- Similar Companies
- Business
- Vanguard Target Retirement 2055 Fund (VFFVX) is a target-date mutual fund that provides capital appreciation and current income through a diversified mix of Vanguard underlying funds according to an asset allocation strategy designed for investors planning to retire around 2055. The fund invests approximately 90% in stocks, including 53.5% U.S. stocks and 36.1% foreign stocks across large-, mid-, and small-capitalization companies, and 10% in fixed income securities, comprising 6.7% U.S. bonds and 3% foreign bonds hedged to U.S. dollars; its allocation gradually shifts to become more conservative over time, reducing equity exposure and increasing bonds to mirror the Vanguard Target Retirement Income Fund within seven years after 2055. It offers investor shares with a total annual operating expense ratio of 0.08%, no sales charges, and a low portfolio turnover rate of 1%, targeting retirement savers such as individuals born between 1988 and 1992. Launched in 2006 as part of Vanguard's suite of target-date funds and managed by The Vanguard Group, Inc. from its headquarters in Malvern, Pennsylvania, the fund operates globally through its underlying portfolios spanning U.S. and international markets. Core holdings include Vanguard Total Stock Market Index Fund for U.S. equities, Vanguard Total International Stock Index Fund for foreign equities, Vanguard Total Bond Market II Index Fund for U.S. fixed income, and Vanguard Total International Bond II Index Fund (introduced in 2021 specifically for enhanced international bond exposure in target-date and LifeStrategy funds) for hedged foreign bonds. In September 2021, Vanguard completed the merger of its Institutional Target Retirement Funds into the standard Target Retirement Funds series, including VFFVX, resulting in a reduced expense ratio of 0.08% and streamlined offerings for retirement plan sponsors and individual investors. The fund incorporated Vanguard Total International Bond II Index Fund in early 2021 to broaden fixed-income diversification and mitigate interest-rate, credit, and country risks across the glide path. Portfolio management saw updates in 2023 with Roger A. Aliaga-Diaz, Aurélie Denis, and Michael R. Roach joining co-managers Walter Nejman, reflecting Vanguard's ongoing commitment to experienced oversight amid fee reductions and asset growth exceeding $66 billion.