NPORT-EX 2 vg_targetretirement2030.htm
Vanguard® Target Retirement 2030 Fund
Schedule of Investments (unaudited)
As of June 30, 2023
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
          Shares Market
Value
($000)
Investment Companies (98.6%)
U.S. Stock Fund (38.7%)
  Vanguard Total Stock Market Index Fund Institutional Plus Shares   161,588,966 32,529,474
International Stock Fund (25.1%)
  Vanguard Total International Stock Index Fund Investor Shares 1,171,821,941 21,081,077
U.S. Bond Fund (24.4%)
1 Vanguard Total Bond Market II Index Fund Investor Shares 2,173,287,999 20,515,839
International Bond Fund (10.4%)
1 Vanguard Total International Bond II Index Fund Institutional Shares   335,321,448  8,788,775
Total Investment Companies (Cost $67,206,116) 82,915,165
Temporary Cash Investments (1.3%)
Money Market Fund (1.3%)
1 Vanguard Market Liquidity Fund, 5.150% (Cost $1,130,128)    11,304,076           1,130,182
Total Investments (99.9%) (Cost $68,336,244)   84,045,347
Other Assets and Liabilities—Net (0.1%)   44,115
Net Assets (100%)   84,089,462
Cost is in $000.
1 Affiliated fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown for Vanguard Market Liquidity Fund is the 7-day yield.
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts 		Notional
Amount 		Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts
10-Year U.S. Treasury Note September 2023 6,565 737,024 (15,068)
E-mini S&P 500 Index September 2023 1,913 429,301 13,288
        (1,780)
A. Security Valuation: Investments are valued at the net asset value of each underlying Vanguard fund determined as of the close of the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date.
B. Futures Contracts: The fund uses stock and bond futures contracts to a limited extent, with the objectives of maintaining full exposure to the market and maintaining its target asset allocation. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of investments held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
C.  Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
At June 30, 2023, 100% of the market value of the fund's investments and derivatives was determined based on Level 1 inputs.
D.  Transactions during the period in affiliated underlying Vanguard funds were as follows:
    Current Period Transactions  
  Sep. 30, 2022
Market Value
($000) 		Purchases
at Cost
($000) 		Proceeds
from
Securities
Sold
($000) 		Realized
Net Gain
(Loss)
($000) 		Change in
Unrealized
App. (Dep.)
($000) 		Income
($000) 		Capital Gain
Distributions
Received
($000) 		Jun. 30, 2023
Market Value
($000)
Vanguard Market Liquidity Fund 925,032 NA1 NA1 9 72 30,061 3 1,130,182
Vanguard Total Bond Market II Index Fund 18,202,037 2,564,844 552,924 2,451 299,431 410,888 — 20,515,839
Vanguard Total International Bond II Index Fund 8,025,494 789,891 233,715 (12,510) 219,615 94,458 — 8,788,775
Vanguard Total International Stock Index Fund 17,780,277 627,161 1,297,196 (20,244) 3,991,079 503,675 — 21,081,077
Vanguard Total Stock Market Index Fund 27,143,585 548,344 1,301,216 548,862 5,589,899 376,334 — 32,529,474
Total 72,076,425 4,530,240 3,385,051 518,568 10,100,096 1,415,416 3 84,045,347
1 Not applicable—purchases and sales are for temporary cash investment purposes.