Summary
Vanguard Target Retirement 2020 Fund is a mutual fund run by Vanguard. It does not trade on an exchange: you buy it from the fund company at a price set once a day. Positions inside: 4. The ten largest make up 0.7% of the fund.
- Yearly costs
- 0.08%
- Fund size
- $32.2B
- Positions
- 4
- Dividend yield
- 7.89%
- Running since
- 2006
What speaks for it
- Costs of 0.08% a year are below the middle of comparable funds (0.24%).
- A large fund with $32.2B under management.
- It has been running since 2006.
What to watch
- In the last five years its price once dropped by 33% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +0.1%
- 3 months
- +0.2%
- This year
- +3.8%
- 1 year
- -3.7%
- 3 years
- +9.1%
- 5 years
- -23%
- 10 years
- -1.4%
What is inside?
Widely spread- 1 MKTLIQ 12/31/2049 0.7%
- 2 Synthetic Cash - CMS USD 0.03%
- 3 Synthetic Cash - QMS USD 0.01%
- 4 US Dollar 0.00%
Positions in the fund: 4. The ten largest make up 0.7% of it.
Composition as of Oct 18, 2026.
Where is it spread?
Spread outBy sector
- Technology 30%
- Financials 17%
- Industrials 12%
- Healthcare 8.8%
- Consumer cyclical 8.8%
- Other 24%
Largest sector: Technology (30%).
What does it cost me?
Cheap- A year from $10,000
- $8.00
- Over 20 years
- $401
From every $10,000 invested the fund takes $8.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $401.
How has it done?
Losing value- A year on average, 10 years
- -0.1%
- Deepest drop
- -33%
- Yearly volatility
- 9.7%
Average yearly decline over the last ten years: 0.1%. Deepest drop in these years: 33% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 7.89%
- Payments a year
- 1
- Last payment
- $2.25
Over the last 12 months it paid $2.25 per share, which is 7.89% of today's price. The last payment was $2.25 on Dec 23, 2025.