Vanguard Target Retirement 2060 Fund
VTTSX
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
- PO Box 2600 Valley Forge PA United States of America 19482
- IPO Date
- Jan 19, 2012
- CIK
- 0000752177
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Target Retirement 2060 Fund (VTTSX) is an open-end mutual fund managed by The Vanguard Group that provides capital appreciation and current income through a diversified portfolio designed for investors expecting to retire around 2060. The fund follows a target-date glide path strategy, initially allocating approximately 90% to equities and 10% to fixed income for those furthest from retirement, with stock exposure gradually declining to 50% at the target date and further to 30% seven years post-retirement; it invests exclusively in four underlying low-cost Vanguard index funds, including Vanguard Total Stock Market Index Fund (approximately 55% allocation), Vanguard Total International Stock Index Fund (approximately 37%), Vanguard Total Bond Market II Index Fund (approximately 5%), and Vanguard Total International Bond Index Fund (approximately 2%). Available to investors in the United States with a minimum initial investment of $1,000, the fund targets individuals born between 1993 and 1997 and carries a net expense ratio of 0.08% with total net assets exceeding $39 billion as of late 2025. Launched on January 19, 2012, and domiciled in the United States with principal operations under The Vanguard Group's oversight in Malvern, Pennsylvania, the fund operates within the target-date 2060 category and emphasizes broad global diversification across large-blend equities, high-quality bonds, and inflation-protected securities. The portfolio construction committee, including co-managers Walter Nejman (since 2013), Aurélie Denis (since 2023), Roger Aliaga-Diaz (since 2023), and Michael Roach (since 2023), maintains a long-term focus with low turnover of 1% and rigorous evaluations for any glide path adjustments. Recent enhancements include Vanguard's addition of Aliaga-Diaz and Roach to the management team in February 2023 to bolster portfolio construction and daily operations transparency, alongside the firm's largest fee reductions in early 2025 costing an estimated $350 million industry-wide. In 2025, Vanguard expanded into low-cost bond ETFs and formed a private assets collaboration with Wellington and Blackstone, while the broader Target Retirement series, including VTTSX, reported strong asset growth—such as over $14.5 billion net inflows for the 2045 fund—for the year ending September 30, 2025, reflecting sustained investor confidence amid equity rotations favoring international holdings. No major glide path changes have occurred since the 2015 increase in international allocations or the 2013 addition of hedged international bonds, underscoring the strategy's stability.