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VFORX Vanguard Target Retirement 2040 Inv

  • Fund
  • VFORX
  • Price as of: Aug 08, 2016
  • $30.37
  • + $0.02
  • + 0.07%
  • Category
  • Target Retirement Date

VFORX - Profile

Vitals

  • YTD Return 6.7%
  • 3 Yr Annualized Return 7.2%
  • 5 Yr Annualized Return 8.7%
  • Net Assets $17.1 B
  • Holdings in Top 10 100.0%

52 WEEK LOW AND HIGH

$30.37
$25.59
$30.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 21.00%

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 7.2%
  • 5 Yr Annualized Total Return 8.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.09%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Vanguard Target Retirement 2040 Fund
  • Fund Family Name Vanguard
  • Inception Date Jun 07, 2006
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Walter Nejman

Fund Description

The Vanguard Target Retirement 2040 Fund Investor Shares (VFORX) is a target-date fund of funds. Using a specified glide path, VFORX invests in four other Vanguard index funds. The fund provides exposure to both domestics stocks of all market caps and international stocks. Additionally, both domestic and foreign investment-grade bonds are included in the fund’s holdings. As VFORX approaches 2040, it will reduce its exposure to equities and increase its holdings in fixed-income securities. The fund is managed by Vanguard.

Expenses for the fund are low. Given its all-encompassing approach to retirement investing, VFORX is perfect as a core option for investors.

VFORX - Performance

Return Ranking - Trailing

Period VFORX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.7% -40.4% 17.0% 14.61% 1
1 Yr 1.5% -7.2% 17.3% 47.51% 3
3 Yr 7.2% * 0.4% 8.3% 6.82% 1
5 Yr 8.7% * 1.2% 9.9% 7.17% 1
10 Yr 6.2% * 1.9% 6.7% 5.81% 1

* Annualized


Return Ranking - Calendar

Period VFORX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.4% -33.1% 1.2% 27.57% 2
2014 5.1% 5.0% 5.1% 25.00% 1
2013 22.2% 20.5% 22.2% 25.00% 1
2012 13.1% 12.6% 13.1% 50.00% 2
2011 -4.7% -4.7% -4.4% 75.00% 3

Total Return Ranking - Trailing

Period VFORX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.7% -40.4% 17.0% 14.68% 1
1 Yr 1.5% -11.0% 17.3% 40.24% 3
3 Yr 7.2% * -0.9% 8.3% 6.18% 1
5 Yr 8.7% * 0.8% 9.9% 6.42% 1
10 Yr 6.2% * 1.4% 6.7% 5.56% 1

* Annualized


Total Return Ranking - Calendar

Period VFORX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.4% -33.1% 1.2% 27.63% 2
2014 5.1% 5.0% 5.1% 25.00% 1
2013 24.9% 23.3% 24.9% 50.00% 2
2012 16.3% 15.9% 16.4% 75.00% 3
2011 -2.7% -2.7% -2.4% 100.00% 4

NAV & Total Return History

VFORX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

VFORX Category Low Category High VFORX % Rank Quintile
Net Assets 17.1 B 342 K 31.4 B 0.52% 1
Number of Holdings 5 2 9892 3.43% 5
Net Assets in Top 10 16.4 B 286 K 30.4 B 0.42% 1
Weighting of Top 10 100.0% 2.3% 103.8% 0.57% 1

Top 10 Holdings

  1. Vanguard Total Stock Mkt Idx Inv 53.00%
  2. Vanguard Total Intl Stock Index Inv 35.21%
  3. Vanguard Total Bond Market II Idx Inv 8.21%
  4. Vanguard Total Intl Bd Idx Investor 3.57%

Asset Allocation

Weighting Category Low Category High VFORX % Rank Quintile
Stocks
87.75% 0.34% 97.58% 3.69% 1
Bonds
11.20% -0.13% 101.10% 18.85% 4
Cash
0.52% -32.35% 94.64% 22.07% 5
Other
0.50% -1.71% 47.06% 11.37% 4
Preferred Stocks
0.02% -0.02% 7.79% 3.01% 4
Convertible Bonds
0.00% 0.00% 4.38% 2.96% 5

Stock Sector Breakdown

Weighting Category Low Category High VFORX % Rank Quintile
Financial Services
14.23% 0.18% 17.43% 2.34% 1
Technology
12.16% 0.02% 21.09% 6.39% 2
Healthcare
10.72% 0.04% 17.25% 3.79% 1
Industrials
10.24% 0.04% 12.08% 2.44% 1
Consumer Cyclical
10.13% 0.03% 15.84% 5.56% 2
Consumer Defense
8.74% 0.03% 11.41% 1.35% 1
Energy
5.65% 0.07% 7.94% 1.61% 1
Basic Materials
4.49% 0.03% 7.27% 1.51% 1
Communication Services
3.94% 0.04% 5.22% 1.04% 1
Real Estate
3.73% 0.03% 18.29% 8.26% 2
Utilities
3.07% 0.00% 8.30% 1.77% 1

Stock Geographic Breakdown

Weighting Category Low Category High VFORX % Rank Quintile
US
52.93% 0.06% 73.29% 8.10% 2
Non US
34.82% 0.00% 54.00% 1.51% 1

Bond Sector Breakdown

Weighting Category Low Category High VFORX % Rank Quintile
Government
6.13% -27.29% 90.96% 13.55% 3
Corporate
2.87% 0.00% 53.64% 21.60% 5
Securitized
1.95% 0.00% 25.32% 17.29% 4
Cash & Equivalents
0.50% -46.20% 94.64% 22.27% 5
Municipal
0.08% 0.00% 2.32% 4.26% 3
Derivative
0.00% -30.52% 57.07% 1.61% 4

Bond Geographic Breakdown

Weighting Category Low Category High VFORX % Rank Quintile
US
7.20% -4.11% 90.96% 19.63% 4
Non US
4.00% 0.00% 25.33% 10.23% 3

VFORX - Expenses

Operational Fees

VFORX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.00% 0.00% 70.64% 19.47% 1
Management Fee 0.00% 0.00% 0.92% 2.20% 3
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

VFORX Fees (% of AUM) Category Low Category High VFORX 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

VFORX Fees (% of AUM) Category Low Category High VFORX 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.

VFORX Fees (% of AUM) Category Low Category High VFORX Rank Quintile
Turnover 21.00% 0.00% 333.00% 6.02% 3

VFORX - Distributions

Dividend Yield Analysis

VFORX Category Low Category High VFORX % Rank Quintile
Dividend Yield 0.5% 0.00% 1.21% 2.72% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

VFORX Category Low Category High VFORX % Rank Quintile
Net Income Ratio 2.09% -0.93% 10.75% 8.57% 2

Capital Gain Distribution Analysis

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

VFORX - Managers

Walter Nejman

Manager

Start Date

Feb 22, 2013

Tenure

3.44

Tenure Rank

1.6%

Walter Nejman, Portfolio Manager at Vanguard. He has been with Vanguard since 2005, has worked in investment management since 2008Education: B.A., Arcadia University; M.B.A., Villanova University.


William A. Coleman

Manager

Start Date

Feb 22, 2013

Tenure

3.44

Tenure Rank

1.6%

William Coleman, Portfolio Manager. He has worked in investment management since joining Vanguard in 2006. Education: B.S., King’s College; M.B.A., St. Joseph’s University.


Tenure Analysis

Category Low

0.0

Category High

13.8

Category Average

4.96

Category Mode

1.6