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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.
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| Period | VFORX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.2% | -31.7% | 19.7% | 21.69% |
| 1 Yr | -1.0% | -44.9% | 3.5% | 17.90% |
| 3 Yr | 5.8%* | -18.3% | 8.6% | 1.86% |
| 5 Yr | 3.9%* | -12.0% | 8.8% | 2.17% |
| 10 Yr | 7.8%* | -6.0% | 8.7% | 0.29% |
* Annualized
| Period | VFORX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -9.7% | -25.1% | -0.4% | 20.00% |
| 2017 | 18.4% | -36.9% | 20.0% | 7.29% |
| 2016 | 6.2% | -5.2% | 8.1% | 7.21% |
| 2015 | -4.4% | -25.3% | -0.8% | 31.67% |
| 2014 | 5.1% | -49.7% | 34.8% | 3.96% |
| Period | VFORX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.2% | -31.7% | 19.7% | 21.69% |
| 1 Yr | -1.0% | -43.3% | 6.9% | 47.92% |
| 3 Yr | 5.8%* | -18.3% | 11.3% | 34.42% |
| 5 Yr | 3.9%* | -12.0% | 8.8% | 45.21% |
| 10 Yr | 7.8%* | -4.1% | 11.6% | 34.00% |
* Annualized
| Period | VFORX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -9.7% | -25.1% | -0.3% | 54.57% |
| 2017 | 18.4% | -36.9% | 26.6% | 36.88% |
| 2016 | 6.2% | -4.7% | 12.3% | 58.59% |
| 2015 | -4.4% | -25.3% | 3.9% | 72.79% |
| 2014 | 5.1% | -47.6% | 39.2% | 38.32% |
| VFORX | Category Low | Category High | VFORX % Rank | |
|---|---|---|---|---|
| Net Assets | 28.7 B | 1.23 M | 43.6 B | 0.45% |
| Number of Holdings | 5 | 3 | 142 | 94.88% |
| Net Assets in Top 10 | 28.7 B | 1.09 M | 43.6 B | 0.37% |
| Weighting of Top 10 | 99.98% | 17.8% | 109.7% | 15.14% |
| Weighting | Return Low | Return High | VFORX % Rank | |
|---|---|---|---|---|
| Stocks | 81.90% | 0.08% | 97.53% | 30.36% |
| Bonds | 16.29% | 1.03% | 137.62% | 60.88% |
| Cash | 1.60% | -100.79% | 23.12% | 84.19% |
| Other | 0.14% | -0.85% | 24.53% | 32.52% |
| Convertible Bonds | 0.07% | 0.00% | 3.36% | 68.15% |
| Preferred Stocks | 0.01% | 0.00% | 7.14% | 61.92% |
| Weighting | Return Low | Return High | VFORX % Rank | |
|---|---|---|---|---|
| Technology | 14.92% | 1.41% | 20.72% | 29.27% |
| Financial Services | 14.21% | 1.51% | 18.80% | 17.68% |
| Consumer Cyclical | 9.80% | 0.95% | 12.33% | 26.52% |
| Healthcare | 9.55% | 1.06% | 13.46% | 33.21% |
| Industrials | 9.34% | 0.83% | 13.93% | 20.95% |
| Consumer Defense | 6.49% | 0.83% | 16.80% | 15.75% |
| Energy | 4.50% | 0.40% | 6.45% | 20.21% |
| Basic Materials | 4.07% | 0.16% | 5.40% | 14.41% |
| Real Estate | 3.31% | 0.38% | 18.90% | 46.14% |
| Communication Services | 2.79% | 0.30% | 4.07% | 11.81% |
| Utilities | 2.65% | 0.05% | 5.43% | 22.88% |
| Weighting | Return Low | Return High | VFORX % Rank | |
|---|---|---|---|---|
| US | 50.12% | 0.08% | 66.20% | 35.56% |
| Non US | 31.78% | 0.00% | 46.30% | 16.70% |
| Weighting | Return Low | Return High | VFORX % Rank | |
|---|---|---|---|---|
| Government | 9.41% | 0.00% | 137.62% | 48.40% |
| Corporate | 3.84% | 0.26% | 51.60% | 73.57% |
| Securitized | 3.04% | 0.00% | 60.24% | 60.80% |
| Cash & Equivalents | 1.60% | -120.10% | 23.97% | 83.30% |
| Municipal | 0.07% | 0.00% | 3.09% | 48.85% |
| Derivative | 0.00% | -4.34% | 12.92% | 43.43% |
| Weighting | Return Low | Return High | VFORX % Rank | |
|---|---|---|---|---|
| US | 10.69% | -12.23% | 137.62% | 65.48% |
| Non US | 5.60% | 0.00% | 34.95% | 27.62% |
| VFORX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.00% | 0.00% | 5.22% | 98.81% |
| Management Fee | 0.00% | 0.00% | 0.95% | 21.46% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
| VFORX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
| VFORX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
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 | 8.00% | 0.00% | 106.00% | 12.03% |
| VFORX | Category Low | Category High | VFORX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.15% | 0.00% | 0.04% | 35.93% |
| VFORX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
| 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 |
| VFORX | Category Low | Category High | VFORX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.17% | -0.99% | 35.20% | 23.25% |
| VFORX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Manager
Start Date
Tenure
Tenure Rank
Feb 22, 2013
6.44
6.4%
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.
Manager
Start Date
Tenure
Tenure Rank
Feb 22, 2013
6.44
6.4%
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
0.0
Category High
16.76
Category Average
6.29
Category Mode
7.5
MUTUAL FUND EDUCATION
MUTUAL FUND EDUCATION
