Vanguard Institutional Target Retirement Funds

• For the 12 months ended September 30, 2019, the six Vanguard Institutional Target Retirement Funds covered in this report recorded returns ranging from 3.45% for the Institutional Target Retirement 2035 Fund to 6.73% for the Institutional Target Retirement Income Fund. (The funds with target dates of 2040 through 2065 are covered in a separate ................
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