Vanguard Target Retirement 2065 Fund
VLXVX
NASDAQ- -
USD
- -
- -
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
- PO Box 2600 Valley Forge PA United States of America 19482
- IPO Date
- Jul 12, 2017
- CIK
- 0000752177
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Target Retirement 2065 Fund (VLXVX) provides capital appreciation and current income through a diversified portfolio of underlying Vanguard mutual funds, with an asset allocation strategy designed for investors planning to retire in or within a few years of 2065. The fund invests primarily in Vanguard Total Stock Market Index Fund (approximately 53%), 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 3%), offering broad exposure to U.S. and international equities, bonds, and short-term reserves; its allocation gradually shifts to become more conservative over time by reducing equity exposure and increasing fixed income holdings, reaching about 50% stocks at the target retirement date and 30% seven years post-retirement. Launched on July 12, 2017, and managed by The Vanguard Group, Inc., headquartered in Malvern, Pennsylvania, the fund operates globally through its underlying index funds, targeting individual and institutional retirement savers with a low expense ratio of 0.08% and total assets exceeding $13 billion. Recent enhancements to the management team in February 2023 added Roger Aliaga-Diaz, Vanguard's global head of portfolio construction and vice chair of the strategic asset-allocation committee, alongside Michael R. Roach as key portfolio managers, improving oversight of glide path adjustments and daily operations. Vanguard's parent organization underwent a CEO transition in July 2024 with Salim Ramji succeeding Tim Buckley, maintaining the firm's focus on low-cost index strategies amid ongoing expansions in advice services and ETF offerings. No significant acquisitions, partnerships, or product launches specific to VLXVX have been reported in the last two years, with the fund continuing its steady asset growth and alignment to the Target-Date 2065+ category benchmark.