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URFRX USAA Target Retirement 2040

  • Fund
  • URFRX
  • Price as of: Sep 19, 2018
  • $14.51
  • + $0.02
  • + 0.14%
  • Category
  • Target Retirement Date

URFRX - Profile

Vitals

  • YTD Return 1.8%
  • 3 Yr Annualized Return 5.4%
  • 5 Yr Annualized Return 2.2%
  • Net Assets $1.46 B
  • Holdings in Top 10 87.8%

52 WEEK LOW AND HIGH

$14.51
$13.79
$15.07

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.03%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 32.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$500

IRA

$1,000

Investment Themes

CATEGORY

Target Retirement Date
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2040

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return 6.3%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.15%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name USAA Target Retirement 2040 Fund
  • Fund Family Name USAA
  • Inception Date Jul 31, 2008
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Wasif A. Latif

URFRX - Performance

Return Ranking - Trailing

Period URFRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.8% -100.0% 434.9% 45.68% 3
1 Yr 0.3% -20.8% 23.5% 69.51% 4
3 Yr 5.4% * -1.6% 10.2% 51.47% 3
5 Yr 2.2% * -0.1% 11.3% 64.79% 4
10 Yr 4.0% * 0.1% 8.9% 50.49% 3

* Annualized


Return Ranking - Calendar

Period URFRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 11.2% -36.9% 20.0% 41.79% 3
2016 4.8% -33.1% 8.3% 19.31% 2
2015 -5.1% -33.3% 21.0% 38.04% 3
2014 -0.8% -12.7% 21.3% 52.72% 4
2013 12.1% -10.4% 23.9% 48.01% 3

Total Return Ranking - Trailing

Period URFRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.8% -100.0% 434.9% 45.95% 3
1 Yr 0.3% -23.4% 23.5% 66.96% 4
3 Yr 6.3% * -1.3% 13.0% 50.09% 3
5 Yr 4.6% * -1.3% 11.3% 67.44% 4
10 Yr 7.0% * -0.5% 8.9% 27.82% 2

* Annualized


Total Return Ranking - Calendar

Period URFRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 11.2% -36.9% 20.0% 42.14% 3
2016 4.8% -11.5% 9.3% 30.84% 2
2015 -2.8% -25.3% 35.8% 79.12% 5
2014 3.4% -6.7% 47.1% 84.44% 5
2013 19.7% -13.8% 49.0% 53.14% 3

NAV & Total Return History

URFRX - Holdings

Filings data as of: Jul 31, 2018

Concentration Analysis

URFRX Category Low Category High URFRX % Rank Quintile
Net Assets 1.46 B 436 K 41.3 B 7.17% 2
Number of Holdings 22 2 9892 3.01% 3
Net Assets in Top 10 1.27 B 178 K 41.3 B 6.54% 2
Weighting of Top 10 87.8% 2.3% 116.6% 9.45% 2

Top 10 Holdings

  1. USAA International Institutional 14.65%
  2. USAA Value Institutional 10.63%
  3. USAA Growth Institutional 10.09%
  4. USAA Target Managed Allocation 10.95%
  5. USAA Global Managed Volatility Instl 20.83%
  6. USAA Income Institutional 4.09%
  7. USAA MSCI USA Value Mom Blnd ETF 6.02%
  8. USAA MSCI Intl Val Mom Blnd ETF 3.95%
  9. USAA S&P 500 Index Reward 2.88%
  10. USAA Government Securities Institutional 3.67%

Asset Allocation

Weighting Category Low Category High URFRX % Rank Quintile
Stocks
80.23% 0.08% 98.42% 8.93% 2
Bonds
14.52% 0.00% 101.10% 19.42% 4
Cash
4.35% -48.01% 97.05% 13.03% 3
Other
0.62% -1.24% 47.63% 9.71% 3
Preferred Stocks
0.23% 0.00% 13.04% 2.54% 2
Convertible Bonds
0.05% 0.00% 5.58% 3.22% 3

Stock Sector Breakdown

Weighting Category Low Category High URFRX % Rank Quintile
Financial Services
13.55% 0.18% 19.02% 6.91% 2
Technology
12.12% 0.02% 20.02% 9.98% 3
Consumer Cyclical
9.96% 0.03% 14.75% 5.87% 2
Industrials
9.94% 0.04% 12.98% 3.48% 1
Healthcare
8.73% 0.04% 15.40% 7.38% 2
Consumer Defense
6.86% 0.03% 11.75% 3.59% 1
Energy
5.45% 0.07% 8.23% 2.49% 1
Basic Materials
4.68% 0.03% 6.82% 1.82% 1
Real Estate
3.36% 0.03% 18.85% 8.00% 2
Utilities
2.67% 0.01% 4.69% 2.91% 1
Communication Services
1.92% 0.04% 4.23% 7.12% 3

Stock Geographic Breakdown

Weighting Category Low Category High URFRX % Rank Quintile
US
46.39% 0.06% 64.95% 11.68% 3
Non US
33.84% 0.00% 54.00% 2.80% 1

Bond Sector Breakdown

Weighting Category Low Category High URFRX % Rank Quintile
Corporate
7.42% 0.00% 53.64% 15.52% 3
Cash & Equivalents
4.13% -46.89% 97.04% 13.81% 3
Securitized
3.61% 0.00% 65.28% 15.94% 3
Government
3.17% -27.29% 91.78% 21.91% 5
Municipal
0.59% 0.00% 7.56% 1.61% 1
Derivative
0.11% -30.52% 57.07% 2.39% 1

Bond Geographic Breakdown

Weighting Category Low Category High URFRX % Rank Quintile
US
13.01% -4.11% 93.84% 18.74% 4
Non US
1.51% -1.10% 25.33% 17.76% 4

URFRX - Expenses

Operational Fees

URFRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.03% 0.00% 14.71% 16.00% 1
Management Fee 0.00% 0.00% 0.94% 3.45% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.40% N/A N/A

Sales Fees

URFRX Fees (% of AUM) Category Low Category High URFRX Rank Quintile
Front Load N/A 2.50% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.00% N/A N/A

Trading Fees

URFRX Fees (% of AUM) Category Low Category High URFRX Rank Quintile
Max Redemption Fee N/A 2.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

URFRX Fees (% of AUM) Category Low Category High URFRX Rank Quintile
Turnover 32.00% 0.00% 333.00% 5.76% 3

URFRX - Distributions

Dividend Yield Analysis

URFRX Category Low Category High URFRX % Rank Quintile
Dividend Yield 0.2% 0.00% 1.21% 22.97% 2

Dividend Distribution Analysis

URFRX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

URFRX Category Low Category High URFRX % Rank Quintile
Net Income Ratio 2.15% -1.00% 35.20% 6.39% 1

Capital Gain Distribution Analysis

URFRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

URFRX - Managers

Wasif A. Latif

Manager

Start Date

Jul 31, 2008

Tenure

10.09

Tenure Rank

0.6%

Wasif A. Latif is Head of Global Multi-Assets for USAA Asset Management Company and he has worked for the firm since June 2006. Prior to joining USAA Asset Management Company, he was an equity portfolio manager at Deutsche Bank Private Wealth Management (DB PWM) from December 1998 to May 2006, where he was responsible for managing two fund-of-fund products and an international equity fund. Latif was also a member of DB PWM's U.S. Investment Committee responsible for covering the international equity and emerging markets asset classes. Mr. Latif holds a B.S. in finance from University of Indianapolis and a M.B.A. from University of Illinois at Chicago.


Lance Humphrey

Manager

Start Date

Jun 07, 2018

Tenure

0.23

Tenure Rank

3.0%

Lance Humphrey, CFA, is Executive Director of Global Multi Asset Portfolios at USAA Asset Management Company. Mr. Humphrey has started to engaged in investment since 2006. He holds a B.A. of Finance from Texas State University. He holds the CFA designation and is a member of the CFA Society of San Antonio.


Tenure Analysis

Category Low

0.0

Category High

15.8

Category Average

5.44

Category Mode

3.6