URFRX: USAA Target Retirement 2040

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URFRX USAA Target Retirement 2040


Profile

URFRX - Profile

Vitals

  • YTD Return -1.5%
  • 3 Yr Annualized Return -5.0%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $1.46 B
  • Holdings in Top 10 74.1%

52 WEEK LOW AND HIGH

$12.39
$9.14
$14.08

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.02%

SALES FEES

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

BROKERAGE FEES

  • Turnover 29.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $500
  • IRA N/A

Fund Classification

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

Distributions

  • YTD Total Return -1.5%
  • 3 Yr Annualized Total Return -5.0%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.41%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Latif

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Categories

Performance

URFRX - Performance

Return Ranking - Trailing

Period URFRX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -26.1% 10.1% 86.45%
1 Yr -8.4% -34.2% 12.0% 93.46%
3 Yr -5.0%* -14.6% 6.4% 92.02%
5 Yr 0.0%* -7.1% 7.1% 72.82%
10 Yr 2.1%* -3.9% 6.8% 52.46%

* Annualized

Return Ranking - Calendar

Period URFRX Return Category Return Low Category Return High Rank in Category (%)
2019 6.0% -2.4% 20.5% 89.61%
2018 -16.7% -18.9% -3.6% 96.44%
2017 11.2% -12.3% 18.2% 24.45%
2016 4.8% -4.2% 6.9% 16.21%
2015 -5.1% -13.0% -0.3% 54.44%

Total Return Ranking - Trailing

Period URFRX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -26.1% 10.1% 86.45%
1 Yr -8.4% -34.2% 12.0% 93.46%
3 Yr -5.0%* -13.5% 7.4% 93.49%
5 Yr 0.0%* -4.9% 9.4% 89.03%
10 Yr 2.1%* -1.1% 9.8% 86.48%

* Annualized

Total Return Ranking - Calendar

Period URFRX Return Category Return Low Category Return High Rank in Category (%)
2019 6.0% -2.4% 20.5% 89.61%
2018 -16.7% -18.8% -0.9% 99.58%
2017 11.2% -12.3% 22.9% 38.11%
2016 4.8% 0.2% 9.2% 56.62%
2015 -5.1% -9.4% 0.7% 86.39%

NAV & Total Return History


Holdings

URFRX - Holdings

Concentration Analysis

URFRX Category Low Category High URFRX % Rank
Net Assets 1.46 B 119 K 47.4 B 21.28%
Number of Holdings 30 1 738 9.13%
Net Assets in Top 10 1.02 B 97.6 K 46.2 B 27.87%
Weighting of Top 10 74.09% 32.6% 100.0% 77.54%

Top 10 Holdings

  1. USAA Global Managed Volatility Instl 24.10%
  2. USAA Target Managed Allocation 12.42%
  3. USAA Government Securities Institutional 8.15%
  4. VictoryShares USAA MSCI USA Vl Mntm ETF 6.34%
  5. USAA Growth Institutional 4.31%
  6. Victory RS International R6 4.24%
  7. VictoryShares USAA MSCI Intl Vl Mntm ETF 3.86%
  8. USAA Income Institutional 3.62%
  9. Victory Integrity Mid-Cap Value R6 3.59%
  10. USAA High Income Institutional 3.47%

Asset Allocation

Weighting Return Low Return High URFRX % Rank
Stocks
78.75% 0.00% 79.92% 0.47%
Bonds
18.11% -40.53% 77.46% 91.97%
Cash
2.09% -21.05% 112.41% 92.44%
Other
0.71% -0.44% 100.00% 17.48%
Preferred Stocks
0.17% 0.00% 7.51% 33.86%
Convertible Bonds
0.17% 0.00% 1.81% 82.68%

Stock Sector Breakdown

Weighting Return Low Return High URFRX % Rank
Financial Services
15.22% 3.32% 19.78% 31.00%
Technology
14.61% 1.82% 26.22% 76.79%
Healthcare
12.95% 1.66% 18.24% 69.00%
Industrials
11.74% 1.63% 15.38% 13.04%
Consumer Defense
10.51% 1.02% 22.06% 15.90%
Consumer Cyclical
10.00% 1.88% 12.59% 52.31%
Communication Services
7.73% 0.21% 10.66% 69.79%
Utilities
5.00% 0.00% 8.63% 18.28%
Basic Materials
4.91% 0.76% 10.20% 17.33%
Real Estate
4.11% 0.43% 31.58% 45.31%
Energy
3.22% 0.59% 19.85% 48.17%

Stock Geographic Breakdown

Weighting Return Low Return High URFRX % Rank
US
48.96% 0.00% 64.60% 6.14%
Non US
29.79% 0.00% 34.42% 0.79%

Bond Sector Breakdown

Weighting Return Low Return High URFRX % Rank
Corporate
35.12% 0.00% 51.19% 12.72%
Securitized
33.70% 0.00% 41.85% 3.82%
Government
17.50% 0.00% 98.99% 85.85%
Cash & Equivalents
10.21% 0.99% 112.41% 76.79%
Municipal
3.47% 0.00% 11.52% 5.41%
Derivative
0.00% -82.56% 20.64% 77.11%

Bond Geographic Breakdown

Weighting Return Low Return High URFRX % Rank
US
16.54% -52.61% 74.70% 87.40%
Non US
1.57% -6.29% 45.47% 91.02%

Expenses

URFRX - Expenses

Operational Fees

URFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.02% 0.00% 24.81% 97.54%
Management Fee 0.00% 0.00% 0.77% 20.49%
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 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% 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

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 29.00% 0.00% 277.00% 51.59%

Distributions

URFRX - Distributions

Dividend Yield Analysis

URFRX Category Low Category High URFRX % Rank
Dividend Yield 0.00% 0.00% 2.55% 46.48%

Dividend Distribution Analysis

URFRX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

URFRX Category Low Category High URFRX % Rank
Net Income Ratio 2.41% 0.48% 6.21% 40.59%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

URFRX - Fund Manager Analysis

Managers

Wasif Latif


Start Date

Tenure

Tenure Rank

Jul 31, 2008

12.09

12.1%

Wasif A. Latif, Head of Investments, VictoryShares and Solutions, has co-managed the Fund since July 2019. He 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


Start Date

Tenure

Tenure Rank

Jun 07, 2018

2.24

2.2%

Lance Humphrey is a Portfolio Manager for VictoryShares and Solutions. Mr. Humphrey has 10 years of investment experience, nine of which were with AMCO, which Victory Capital acquired in 2019. 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


Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.17

1.2%

Mannik S. Dhillon serves as President of VictoryShares and Solutions for Victory Capital. In his role, he leads and oversees the firms' exchange-traded and solutions business. He is also responsible for setting the strategy and initiating the development and implementation of Victory's strategic beta-based offerings. Additionally, he manages the solutions provided by our investment franchises, which includes product enhancements, extensions and innovations designed to best meet the needs of clients. Mr. Dhillon also contributes to the evaluation of capabilities of potential new franchises as part of the firm's acquisition strategy.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 17.93 5.05 0.67