Vanguard Target Retirement 2050 Fund
VFIFX
NASDAQ- -
USD
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- -
Capital Structure
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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
- PO Box 2600 Valley Forge PA United States of America 19482
- IPO Date
- Jun 7, 2006
- CIK
- 0000752177
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Target Retirement 2050 Fund (VFIFX) provides capital appreciation and current income consistent with its asset allocation strategy designed for investors planning to retire around 2050. The fund invests in a mix of underlying Vanguard index mutual funds, including Vanguard Total Stock Market Index Fund (approximately 54%), Vanguard Total International Stock Index Fund (approximately 37%), Vanguard Total Bond Market II Index Fund (approximately 6%), and Vanguard Total International Bond II Index Fund (approximately 2%); it follows a glide path that starts with 90% equities and 10% bonds for those furthest from retirement, gradually shifting to 50% equities at the target date and 30% seven years post-retirement. Managed by a team including Roger Aliaga-Diaz, Michael Roach, Walter Nejman, and Aurélie Denis, the fund maintains low costs with an expense ratio of 0.08%, total net assets exceeding $92 billion, and a minimum initial investment of $1,000. Launched on June 7, 2006, and domiciled in the United States, the fund operates globally through its underlying holdings, providing exposure to U.S. and international stocks across market capitalizations, as well as U.S. and hedged international bonds with high credit quality and moderate interest-rate sensitivity. It targets individual and institutional investors seeking a complete, low-maintenance retirement portfolio within the target-date 2050 category. Recent enhancements to Vanguard's target-date series, including the VFIFX fund, feature a 2015 glide path adjustment increasing international equity and bond allocations to 40% and 30% respectively; the addition of Vanguard Total International Bond Index in 2013 for fixed-income diversification; and manager additions in February 2023. In 2025, Vanguard launched the Target Retirement Lifetime Income Trusts, a new collective investment trust series incorporating annuities via partnership with TIAA, expanding retirement income options alongside the existing lineup. Vanguard also implemented its largest fee cuts in early 2025 and introduced low-cost bond ETFs, reinforcing its commitment to cost efficiency amid strong asset inflows.