Vanguard Target Retirement 2040 Inv

Snapshot

Compare

Profile

Performance

VFORX - Snapshot

Vitals

YTD Return 9.6%
3 Yr Annualized Return 6.0%
5 Yr Annualized Return 8.2%
Net Assets $31.4 B
Holdings in Top 10 100.0%

52 WEEK LOW AND HIGH

$42.96

$28.40

$43.07

Expenses

OPERATING RELATED FEES

Expense Ratio N/A

SALES FEES

Front Load N/A
Deferred Load N/A

BROKERAGE FEES

Turnover 5.00%

TRADING FEES

Max Redemption Fee N/A

Min Investment

Standard (Taxable) $1,000
IRA N/A

Fund Classification

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

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Target Retirement 2040 Fund

Fund

$42.90

-0.14%

$31.37 B

2.07%

$0.89

9.63%

Vanguard Institutional Target Retirement 2040 Fund

Fund

$28.37

-0.14%

$28.88 B

2.12%

$0.60

9.62%

Fidelity Freedom® 2040 Fund

Fund

$11.41

+0.09%

$23.49 B

$0.16

7.74%

0.75%

American Funds 2040 Target Date Retirement Fund®

Fund

$18.13

-0.11%

$20.83 B

0.90%

$0.16

11.91%

0.36%

T. Rowe Price Retirement 2040 Fund

Fund

$30.26

-0.20%

$14.10 B

1.48%

$0.45

11.83%

0.09%

VFORX - Profile

Distributions

YTD Total Return 9.6%
3 Yr Annualized Total Return 6.0%
5 Yr Annualized Total Return 8.2%
Capital Gain Distribution Frequency Annually
Net Income Ratio 2.38%

DIVIDENDS

Dividend Yield 0.0%
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

William Coleman

Fund Description

The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors planning to retire and leave the workforce in or within a few years of 2040 (the target year). The fund's asset allocation will become more conservative over time, meaning that the percentage of assets allocated to stocks will decrease while the percentage of assets allocated to bonds and other fixed income investments will increase.

VFORX - Performance

Return Ranking - Trailing

Period	VFORX Return	Category Return Low	Category Return High	Rank in Category (%)
YTD	9.6%	-3.6%	13.0%	30.88%
1 Yr	5.7%	-1.4%	9.4%	38.81%
3 Yr	6.0%*	1.7%	7.6%	24.12%
5 Yr	8.2%*	4.5%	9.5%	26.40%
10 Yr	9.0%*	4.7%	10.0%	17.60%

* Annualized

Return Ranking - Calendar

Period	VFORX Return	Category Return Low	Category Return High	Rank in Category (%)
2019	21.1%	4.1%	22.6%	9.00%
2018	-9.7%	-23.1%	-6.9%	7.45%
2017	18.4%	-15.1%	18.8%	10.23%
2016	6.2%	-0.2%	8.2%	22.73%
2015	-4.4%	-14.5%	-1.5%	24.81%

Total Return Ranking - Trailing

Period	VFORX Return	Category Return Low	Category Return High	Rank in Category (%)
YTD	9.6%	-3.6%	13.0%	30.88%
1 Yr	5.7%	-6.3%	9.4%	34.26%
3 Yr	6.0%*	0.5%	7.6%	23.86%
5 Yr	8.2%*	4.1%	9.5%	25.57%
10 Yr	9.0%*	4.7%	10.0%	17.07%

* Annualized

Total Return Ranking - Calendar

Period	VFORX Return	Category Return Low	Category Return High	Rank in Category (%)
2019	21.1%	4.1%	22.6%	9.00%
2018	-9.7%	-23.1%	-5.5%	31.91%
2017	18.4%	-15.1%	26.3%	43.75%
2016	6.2%	-0.1%	10.6%	62.34%
2015	-4.4%	-14.5%	0.6%	58.14%

NAV & Total Return History

VFORX - Holdings

Concentration Analysis

	VFORX	Category Low	Category High	VFORX % Rank
Net Assets	31.4 B	128 K	31.4 B	0.43%
Number of Holdings	5	1	518	90.31%
Net Assets in Top 10	31.1 B	105 K	31.1 B	0.44%
Weighting of Top 10	100.00%	42.0%	100.0%	4.76%

Top 10 Holdings

Vanguard Total Stock Mkt Idx Inv 48.88%
Vanguard Total Intl Stock Index Inv 32.85%
Vanguard Total Bond Market II Idx Inv 12.80%
Vanguard Total Intl Bd Idx Investor 5.46%
Cmt Market Liquidity Rate 0.76%
Cmt Market Liquidity Rate 0.76%
Cmt Market Liquidity Rate 0.76%
Cmt Market Liquidity Rate 0.76%
Cmt Market Liquidity Rate 0.76%
Cmt Market Liquidity Rate 0.76%

Asset Allocation

	Weighting	Return Low	Return High	VFORX % Rank
Stocks	81.74%	40.50%	97.02%	44.05%
Bonds	17.96%	1.28%	91.81%	35.68%
Convertible Bonds	0.14%	0.00%	0.91%	50.66%
Cash	0.12%	-73.90%	14.87%	89.87%
Other	0.03%	-0.33%	39.22%	66.08%
Preferred Stocks	0.01%	0.00%	0.93%	54.19%

Stock Sector Breakdown

	Weighting	Return Low	Return High	VFORX % Rank
Technology	19.17%	11.16%	23.11%	44.93%
Financial Services	14.06%	10.38%	16.77%	34.80%
Healthcare	12.96%	10.76%	18.09%	62.11%
Consumer Cyclical	12.20%	9.21%	13.50%	44.05%
Industrials	10.59%	8.75%	14.46%	44.93%
Communication Services	9.19%	6.03%	11.05%	39.65%
Consumer Defense	7.77%	5.13%	12.49%	36.12%
Basic Materials	4.65%	2.43%	7.35%	29.07%
Real Estate	3.61%	1.89%	10.00%	48.90%
Utilities	3.02%	0.79%	4.98%	40.97%
Energy	2.79%	1.58%	4.02%	41.41%

Stock Geographic Breakdown

	Weighting	Return Low	Return High	VFORX % Rank
US	48.66%	9.56%	67.14%	60.79%
Non US	33.08%	11.77%	44.62%	22.91%

Bond Sector Breakdown

	Weighting	Return Low	Return High	VFORX % Rank
Government	54.57%	9.29%	61.72%	1.76%
Corporate	24.97%	0.11%	58.58%	58.59%
Securitized	18.38%	0.00%	33.79%	43.61%
Cash & Equivalents	1.54%	1.00%	50.90%	99.12%
Municipal	0.53%	0.00%	13.58%	25.11%
Derivative	0.00%	0.00%	32.90%	76.65%

Bond Geographic Breakdown

	Weighting	Return Low	Return High	VFORX % Rank
US	11.83%	-0.59%	55.25%	55.95%
Non US	6.13%	0.18%	65.92%	9.69%

VFORX - Expenses

Operational Fees

	VFORX Fees (% of AUM)	Category Return Low	Category Return High	Rank in Category (%)
Expense Ratio	N/A	0.01%	12.08%	95.61%
Management Fee	0.00%	0.00%	0.88%	11.45%
12b-1 Fee	N/A	0.00%	1.00%	N/A
Administrative Fee	N/A	0.01%	0.30%	N/A

Sales Fees

	VFORX 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%	4.00%	N/A

Trading Fees

	VFORX 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.

	VFORX Fees (% of AUM)	Category Return Low	Category Return High	Rank in Category (%)
Turnover	5.00%	0.00%	101.00%	7.11%

VFORX - Distributions

Dividend Yield Analysis

	VFORX	Category Low	Category High	VFORX % Rank
Dividend Yield	0.00%	0.00%	2.38%	35.22%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

	VFORX	Category Low	Category High	VFORX % Rank
Net Income Ratio	2.38%	-0.27%	6.94%	15.28%

Capital Gain Distribution Analysis

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

Dividend Payout History

Date	Amount
Dec 31, 2018	$0.779
Dec 29, 2017	$0.684
Dec 29, 2016	$0.599
Dec 30, 2015	$0.615
Dec 30, 2014	$0.574
Dec 27, 2013	$0.500
Dec 31, 2012	$0.496
Dec 31, 2009	$0.368
Dec 31, 2008	$0.426
Dec 28, 2007	$0.370
Dec 29, 2006	$0.180

View More +

VFORX - Fund Manager Analysis

Managers

William Coleman

Start Date

Tenure

Tenure Rank

Feb 22, 2013

7.69

7.7%

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

Walter Nejman

Start Date

Tenure

Tenure Rank

Feb 22, 2013

7.69

7.7%

Walter Nejman, Portfolio Manager at Vanguard. He has been with Vanguard since 2005; has worked in investment management since 2008; and has co-managed the Communication Services Index, Health Care Index, Industrials Index, and Information Technology Index Funds since 2015. Education: B.A., Arcadia University; M.B.A., Villanova University.

Tenure Analysis

Category Low	Category High	Category Average	Category Mode
0.2	18.1	5.45	0.83

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Vanguard Target Retirement 2040 Inv

VFORX - Snapshot

Vitals

52 WEEK LOW AND HIGH

Expenses

OPERATING RELATED FEES

SALES FEES

BROKERAGE FEES

TRADING FEES

Min Investment

Fund Classification

VFORX - Profile

Distributions

Fund Details

Fund Description

VFORX - Performance

Return Ranking - Trailing

Return Ranking - Calendar

Total Return Ranking - Trailing

Total Return Ranking - Calendar

NAV & Total Return History

VFORX - Holdings

Concentration Analysis

Top 10 Holdings

Asset Allocation

Stock Sector Breakdown

Stock Geographic Breakdown

Bond Sector Breakdown

Bond Geographic Breakdown

VFORX - Expenses

Operational Fees

Sales Fees

Trading Fees

Related Fees

VFORX - Distributions

Dividend Yield Analysis

Dividend Distribution Analysis

Net Income Ratio Analysis

Capital Gain Distribution Analysis

Dividend Payout History

VFORX - Fund Manager Analysis

Managers

William Coleman

Walter Nejman

Tenure Analysis

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