VFORX: Vanguard Target Retirement 2040 Inv

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VFORX Vanguard Target Retirement 2040 Inv

  • Fund
  • VFORX
  • Price as of: Dec 12, 2019
  • $39.31
    + $0.23 + 0.59%

Profile

VFORX - Profile

Vitals

  • YTD Return 21.7%
  • 3 Yr Annualized Return 7.9%
  • 5 Yr Annualized Return 5.8%
  • Net Assets $30.5 B
  • Holdings in Top 10 100.0%

52 WEEK LOW AND HIGH

$39.31
$31.75
$39.31

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.00%

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 $1,000

Fund Classification


Distributions

  • YTD Total Return 21.7%
  • 3 Yr Annualized Total Return 7.9%
  • 5 Yr Annualized Total Return 5.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.38%
DIVIDENDS
  • Dividend Yield 2.0%
  • 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 A. Coleman

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.


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Performance

VFORX - Performance

Return Ranking - Trailing

Period VFORX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.7% 6.1% 26.6% 20.65%
1 Yr 14.5% 0.5% 16.7% 6.99%
3 Yr 7.9%* -4.8% 12.4% 13.77%
5 Yr 5.8%* -3.4% 8.6% 7.60%
10 Yr 7.4%* -5.7% 10.6% 9.88%

* Annualized

Return Ranking - Calendar

Period VFORX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.7% -17.8% -3.6% 55.98%
2017 18.4% -12.3% 20.9% 18.05%
2016 6.2% -4.2% 7.5% 5.63%
2015 -4.4% -13.0% -0.3% 44.10%
2014 5.1% -49.7% 34.8% 2.64%

Total Return Ranking - Trailing

Period VFORX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.7% 6.1% 26.6% 20.65%
1 Yr 14.5% 3.5% 22.1% 13.98%
3 Yr 7.9%* -4.8% 12.4% 20.34%
5 Yr 5.8%* -3.4% 9.4% 21.05%
10 Yr 7.4%* -3.8% 10.6% 18.97%

* Annualized

Total Return Ranking - Calendar

Period VFORX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.7% -17.6% -0.9% 71.71%
2017 18.4% -12.3% 24.1% 23.35%
2016 6.2% 0.2% 9.8% 31.39%
2015 -4.4% -9.4% 0.7% 74.84%
2014 5.1% -47.6% 39.2% 31.32%

NAV & Total Return History


Holdings

VFORX - Holdings

Concentration Analysis

VFORX Category Low Category High VFORX % Rank
Net Assets 30.5 B 112 K 30.5 B 0.15%
Number of Holdings 5 2 47 95.36%
Net Assets in Top 10 29.8 B 88.3 K 29.8 B 0.15%
Weighting of Top 10 99.98% 59.3% 102.9% 11.28%

Top 10 Holdings

  1. Vanguard Total Stock Mkt Idx Inv 49.91%
  2. Vanguard Total Intl Stock Index Inv 33.55%
  3. Vanguard Total Bond Market II Idx Inv 11.68%
  4. Vanguard Total Intl Bd Idx Investor 4.84%

Asset Allocation

Weighting Return Low Return High VFORX % Rank
Stocks
82.09% 12.03% 93.64% 25.66%
Bonds
16.16% -40.53% 79.64% 69.09%
Cash
1.64% -31.77% 112.41% 84.85%
Convertible Bonds
0.07% 0.00% 1.22% 60.12%
Other
0.03% -0.37% 14.60% 44.05%
Preferred Stocks
0.00% 0.00% 7.24% 82.07%

Stock Sector Breakdown

Weighting Return Low Return High VFORX % Rank
Financial Services
14.34% 1.11% 17.42% 9.43%
Technology
12.03% 0.39% 19.21% 38.33%
Healthcare
9.57% 0.04% 13.01% 30.76%
Industrials
9.46% 0.15% 14.42% 14.37%
Consumer Cyclical
8.48% 0.38% 12.56% 35.39%
Communication Services
7.05% 0.21% 8.30% 5.10%
Consumer Defense
6.65% 0.16% 9.84% 15.46%
Energy
4.22% 0.32% 6.98% 28.59%
Basic Materials
3.69% 0.32% 4.91% 19.78%
Real Estate
3.60% 0.40% 10.39% 23.65%
Utilities
2.82% 0.12% 7.71% 24.42%

Stock Geographic Breakdown

Weighting Return Low Return High VFORX % Rank
US
49.42% 6.94% 63.88% 36.17%
Non US
32.67% 4.72% 39.15% 4.48%

Bond Sector Breakdown

Weighting Return Low Return High VFORX % Rank
Government
9.31% -0.35% 74.89% 67.39%
Corporate
3.84% 0.00% 38.50% 67.39%
Securitized
3.02% 0.00% 27.36% 70.79%
Cash & Equivalents
1.64% -47.12% 112.41% 77.74%
Municipal
0.07% 0.00% 6.91% 53.32%
Derivative
0.00% -82.56% 29.60% 30.14%

Bond Geographic Breakdown

Weighting Return Low Return High VFORX % Rank
US
10.69% -52.61% 74.89% 73.72%
Non US
5.47% -5.32% 26.66% 37.09%

Expenses

VFORX - Expenses

Operational Fees

VFORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.00% 0.00% 108.50% 96.58%
Management Fee 0.00% 0.00% 0.77% 27.98%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.40% 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% 172.00% 32.34%

Distributions

VFORX - Distributions

Dividend Yield Analysis

VFORX Category Low Category High VFORX % Rank
Dividend Yield 1.98% 0.00% 2.60% 3.09%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

VFORX Category Low Category High VFORX % Rank
Net Income Ratio 2.38% -0.45% 4.93% 21.12%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

VFORX - Fund Manager Analysis

Managers

William A. Coleman


Start Date

Tenure

Tenure Rank

Feb 22, 2013

6.77

6.8%

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

6.77

6.8%

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
0.15 17.18 6.38 7.92