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URFRX USAA Target Retirement 2040

  • Fund
  • URFRX
  • Price as of: Sep 20, 2019
  • $13.50 - $0.02 - 0.15%

URFRX - Profile

Vitals

  • YTD Return 13.7%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $1.46 B
  • Holdings in Top 10 81.1%

52 WEEK LOW AND HIGH

$13.50
$11.71
$14.58

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.02%

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)

$500

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 13.7%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.08%
DIVIDENDS
  • Dividend Yield 2.0%
  • 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 (%)
YTD 13.7% 6.8% 16.8% 15.60%
1 Yr -7.7% -10.7% 3.7% 96.45%
3 Yr 0.7%* -1.3% 6.5% 65.32%
5 Yr 0.0%* -2.4% 3.8% 43.48%
10 Yr 3.7%* -3.0% 6.6% 13.11%

* Annualized


Return Ranking - Calendar

Period URFRX Return Category Return Low Category Return High Rank in Category (%)
2018 -16.7% -18.9% -6.1% 96.06%
2017 11.2% 0.8% 17.0% 25.00%
2016 4.8% -0.2% 6.8% 26.61%
2015 -5.1% -10.7% -1.5% 62.16%
2014 -0.8% -7.2% 5.1% 45.95%

Total Return Ranking - Trailing

Period URFRX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.7% 7.3% 16.8% 15.60%
1 Yr -7.7% -10.7% 6.5% 98.58%
3 Yr 0.7%* -0.7% 9.2% 86.29%
5 Yr 0.0%* -1.0% 6.7% 91.30%
10 Yr 3.7%* 1.4% 8.2% 65.57%

* Annualized


Total Return Ranking - Calendar

Period URFRX Return Category Return Low Category Return High Rank in Category (%)
2018 -16.7% -18.8% -2.2% 98.43%
2017 11.2% 2.5% 20.3% 45.16%
2016 4.8% 2.0% 8.9% 66.94%
2015 -5.1% -6.9% 0.4% 92.79%
2014 -0.8% -0.8% 5.9% 100.00%

NAV & Total Return History

URFRX - Holdings

Concentration Analysis

URFRX Category Low Category High URFRX % Rank
Net Assets 1.46 B 603 K 43.6 B 14.79%
Number of Holdings 27 5 447 22.54%
Net Assets in Top 10 1.2 B 362 K 43.6 B 19.72%
Weighting of Top 10 81.12% 45.7% 107.7% 63.38%

Top 10 Holdings

  1. USAA Global Managed Volatility Instl 25.79%

  2. USAA Target Managed Allocation 12.61%

  3. USAA Government Securities Institutional 9.65%

  4. USAA International Institutional 8.88%

  5. VictoryShares USAA MSCI USA Vl Mntm ETF 6.13%

  6. USAA Income Institutional 5.07%

  7. USAA Growth Institutional 4.01%

  8. VictoryShares USAA MSCI Intl Vl Mntm ETF 3.93%

  9. VictoryShares Dividend Accelerator ETF 2.55%

  10. VictoryShares US Mult-Fctr Mnmm Vltl ETF 2.51%


Asset Allocation

Weighting Return Low Return High URFRX % Rank
Stocks
78.75% 16.04% 78.75% 0.70%
Bonds
19.36% 11.98% 78.37% 92.25%
Cash
1.56% -16.58% 16.63% 88.73%
Convertible Bonds
0.16% 0.00% 1.01% 79.58%
Preferred Stocks
0.14% 0.00% 12.13% 19.72%
Other
0.03% 0.00% 20.88% 74.65%

Stock Sector Breakdown

Weighting Return Low Return High URFRX % Rank
Financial Services
13.31% 1.33% 13.31% 0.70%
Technology
10.86% 0.48% 14.34% 21.13%
Industrials
9.95% 0.13% 10.17% 1.41%
Consumer Cyclical
9.47% 0.59% 9.88% 1.41%
Consumer Defense
8.37% 0.22% 8.37% 0.70%
Healthcare
7.91% 0.05% 10.44% 12.68%
Real Estate
4.86% 0.47% 7.03% 22.54%
Basic Materials
4.73% 0.45% 4.73% 0.70%
Energy
3.77% 0.40% 5.16% 13.38%
Utilities
3.13% 0.16% 4.07% 11.97%
Communication Services
3.00% 0.29% 3.44% 8.45%

Stock Geographic Breakdown

Weighting Return Low Return High URFRX % Rank
US
47.07% 8.20% 53.02% 6.34%
Non US
31.68% 1.73% 31.68% 0.70%

Bond Sector Breakdown

Weighting Return Low Return High URFRX % Rank
Securitized
7.90% 0.00% 34.23% 59.15%
Corporate
6.82% 0.16% 38.49% 91.55%
Government
4.20% 2.98% 62.29% 95.77%
Cash & Equivalents
1.56% -22.12% 14.85% 87.32%
Municipal
0.73% 0.00% 3.13% 11.27%
Derivative
0.00% -10.07% 19.59% 41.55%

Bond Geographic Breakdown

Weighting Return Low Return High URFRX % Rank
US
17.87% 8.24% 65.30% 86.62%
Non US
1.49% 0.90% 20.40% 98.59%

URFRX - Expenses

Operational Fees

URFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.02% 0.00% 52.77% 85.11%
Management Fee 0.00% 0.00% 0.45% 14.08%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

URFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

URFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A 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 Return Low Category Return High Rank in Category (%)
Turnover 35.00% 4.00% 172.00% 63.38%

URFRX - Distributions

Dividend Yield Analysis

URFRX Category Low Category High URFRX % Rank
Dividend Yield 2.04% 0.00% 4.72% 80.99%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

URFRX Category Low Category High URFRX % Rank
Net Income Ratio 2.08% 0.69% 4.93% 68.09%

Capital Gain Distribution Analysis

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

URFRX - Managers

Wasif A. Latif

Manager

Start Date

Tenure

Tenure Rank

Jul 31, 2008

11.09

11.1%

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

Tenure

Tenure Rank

Jun 07, 2018

1.23

1.2%

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.


Mannik Dhillon

Manager

Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.17

0.2%

Mr. Dhillon, CFA® and CAIA®, serves as President, VictoryShares and Solutions, for Victory Capital Management Inc. From 2015-2017, he served as the Adviser's Head of Investment Solutions, Product, and Strategy. From 2010 to 2015, Mr. Dhillon served as a managing director and head of manager research with Wilshire Associates, where he evaluated asset managers and led strategic consulting engagements.


Tenure Analysis

Category Low

0.14

Category High

16.93

Category Average

5.36

Category Mode

4.67