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URFRX USAA Target Retirement 2040

  • Fund
  • URFRX
  • Price as of: Aug 08, 2016
  • $13.05
  • + $0.01
  • + 0.08%
  • Category
  • Target Retirement Date

URFRX - Profile

Vitals

  • YTD Return 6.7%
  • 3 Yr Annualized Return 4.9%
  • 5 Yr Annualized Return 5.9%
  • Net Assets $1.19 B
  • Holdings in Top 10 87.0%

52 WEEK LOW AND HIGH

$13.05
$11.16
$13.05

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.03%

SALES FEES

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

BROKERAGE FEES

  • Turnover 35.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 6.7%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return 5.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.78%
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 John P. Toohey

URFRX - Performance

Return Ranking - Trailing

Period URFRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.7% -40.4% 17.0% 15.74% 1
1 Yr 1.3% -7.2% 17.3% 51.19% 3
3 Yr 4.9% * 0.4% 8.3% 72.04% 4
5 Yr 5.9% * 1.2% 9.9% 69.68% 4
10 Yr N/A * 1.9% 6.7% N/A N/A

* Annualized


Return Ranking - Calendar

Period URFRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.1% -33.1% 1.2% 36.96% 3
2014 N/A 5.0% 5.1% N/A N/A
2013 N/A 20.5% 22.2% N/A N/A
2012 N/A 12.6% 13.1% N/A N/A
2011 N/A -4.7% -4.4% N/A N/A

Total Return Ranking - Trailing

Period URFRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.7% -40.4% 17.0% 15.84% 1
1 Yr 1.3% -11.0% 17.3% 43.09% 3
3 Yr 4.9% * -0.9% 8.3% 63.82% 4
5 Yr 5.9% * 0.8% 9.9% 64.38% 4
10 Yr N/A * 1.4% 6.7% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period URFRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.1% -33.1% 1.2% 37.14% 3
2014 N/A 5.0% 5.1% N/A N/A
2013 N/A 23.3% 24.9% N/A N/A
2012 N/A 15.9% 16.4% N/A N/A
2011 N/A -2.7% -2.4% N/A N/A

NAV & Total Return History

URFRX - Holdings

Filings data as of: Mar 31, 2016

Concentration Analysis

URFRX Category Low Category High URFRX % Rank Quintile
Net Assets 1.19 B 342 K 31.4 B 6.54% 2
Number of Holdings 20 2 9892 2.65% 3
Net Assets in Top 10 982 M 286 K 30.4 B 5.76% 2
Weighting of Top 10 87.0% 2.3% 103.8% 9.24% 2

Top 10 Holdings

  1. USAA International Institutional 17.20%
  2. USAA Income Stock Institutional 7.66%
  3. USAA Value Institutional 10.68%
  4. USAA Small Cap Stock Institutional 4.11%
  5. USAA Intermediate-Term Bond Instl 5.53%
  6. USAA S&P 500 Index Reward 12.41%
  7. USAA Growth Institutional 6.14%
  8. USAA Target Managed Allocation 13.52%
  9. USAA Global Managed Volatility Instl 5.77%
  10. USAA High Income Institutional 3.92%

Asset Allocation

Weighting Category Low Category High URFRX % Rank Quintile
Stocks
73.92% 0.34% 97.58% 11.16% 3
Bonds
20.93% -0.13% 101.10% 14.28% 3
Cash
3.14% -32.35% 94.64% 17.60% 4
Other
1.17% -1.71% 47.06% 8.88% 3
Preferred Stocks
0.82% -0.02% 7.79% 0.36% 1
Convertible Bonds
0.03% 0.00% 4.38% 2.80% 2

Stock Sector Breakdown

Weighting Category Low Category High URFRX % Rank Quintile
Technology
12.15% 0.02% 21.09% 6.44% 2
Financial Services
10.86% 0.18% 17.43% 9.56% 3
Industrials
9.72% 0.04% 12.08% 4.10% 1
Consumer Cyclical
9.53% 0.03% 15.84% 7.01% 2
Healthcare
9.24% 0.04% 17.25% 7.12% 2
Consumer Defense
7.69% 0.03% 11.41% 4.00% 2
Basic Materials
4.13% 0.03% 7.27% 2.55% 1
Energy
3.78% 0.07% 7.94% 8.00% 3
Communication Services
2.61% 0.04% 5.22% 6.39% 3
Utilities
2.19% 0.00% 8.30% 5.19% 2
Real Estate
2.06% 0.03% 18.29% 13.87% 4

Stock Geographic Breakdown

Weighting Category Low Category High URFRX % Rank Quintile
US
47.53% 0.06% 73.29% 11.63% 3
Non US
26.39% 0.00% 54.00% 8.72% 2

Bond Sector Breakdown

Weighting Category Low Category High URFRX % Rank Quintile
Corporate
10.90% 0.00% 53.64% 10.80% 2
Government
8.33% -27.29% 90.96% 11.63% 3
Cash & Equivalents
3.12% -46.20% 94.64% 17.86% 4
Securitized
2.00% 0.00% 25.32% 17.19% 4
Municipal
0.61% 0.00% 2.32% 1.71% 1
Derivative
-0.05% -30.52% 57.07% 1.87% 4

Bond Geographic Breakdown

Weighting Category Low Category High URFRX % Rank Quintile
US
18.57% -4.11% 90.96% 13.19% 3
Non US
2.36% 0.00% 25.33% 14.38% 4

URFRX - Expenses

Operational Fees

URFRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.03% 0.00% 70.64% 19.42% 1
Management Fee 0.00% 0.00% 0.92% 2.20% 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 3.00% 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 35.00% 0.00% 333.00% 4.47% 4

URFRX - Distributions

Dividend Yield Analysis

URFRX Category Low Category High URFRX % Rank Quintile
Dividend Yield 0.2% 0.00% 1.21% 23.82% 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 1.78% -0.93% 10.75% 10.18% 2

Capital Gain Distribution Analysis

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

URFRX - Managers

John P. Toohey

Manager

Start Date

Jul 31, 2009

Tenure

7.01

Tenure Rank

0.8%

Toohey is vice president of Equity Investments, joined USAA Asset Management Company in February 2009. Prior to joining USAA, Toohey was a managing director at AIG Investments, where he was responsible for the investments supporting AIG's pension plans worldwide. He was also co-portfolio manager for four lifestyle and asset allocation funds, oversaw the equity index fund business, and served as a senior member of the external client asset allocation team. Education: B.A., Mathematics, Williams College. He holds the Chartered Financial Analyst (CFA) designation.


Wasif A. Latif

Manager

Start Date

Jul 31, 2008

Tenure

8.01

Tenure Rank

0.7%

Mr. Latif has 16 years of investment management experience. Education: B.S. in finance, University of Indianapolis; M.B.A., University of Illinois at Chicago. Latif is vice president of Equity Investments, has co-managed the Fund since its inception.has worked for us 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.


Tenure Analysis

Category Low

0.0

Category High

13.8

Category Average

4.96

Category Mode

1.6