VIRSX: Vanguard Institutional Target Retirement 2040 Fund - MutualFunds.com
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Vanguard Instl Trgt Retire 2040 Instl

VIRSX - Snapshot

Vitals

  • YTD Return 11.0%
  • 3 Yr Annualized Return 13.3%
  • 5 Yr Annualized Return 13.3%
  • Net Assets $46.3 B
  • Holdings in Top 10 100.0%

52 WEEK LOW AND HIGH

$32.74
$25.88
$32.74

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.09%

SALES FEES

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

BROKERAGE FEES

  • Turnover 15.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000,000
  • IRA N/A

Fund Classification

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

Compare VIRSX to Popular Target-Date 2040 Funds

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$32.57

-0.52%

$46.25 B

1.50%

$0.49

10.97%

0.09%

$49.09

-0.51%

$32.25 B

1.46%

$0.72

10.89%

0.14%

$12.65

-0.71%

$30.07 B

-

$0.12

7.66%

0.75%

$20.66

-0.48%

$28.48 B

0.70%

$0.14

11.25%

0.71%

$34.34

-0.58%

$16.53 B

0.72%

$0.25

12.85%

0.60%

VIRSX - Profile

Distributions

  • YTD Total Return 11.0%
  • 3 Yr Annualized Total Return 13.3%
  • 5 Yr Annualized Total Return 13.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.17%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Vanguard Institutional Target Retirement 2040 Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Jun 26, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • 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.


VIRSX - Performance

Return Ranking - Trailing

Period VIRSX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.0% 4.6% 14.1% 60.19%
1 Yr 32.7% 24.8% 41.7% 62.56%
3 Yr 13.3%* 8.8% 15.2% 37.81%
5 Yr 13.3%* 10.1% 15.1% 33.15%
10 Yr N/A* 7.6% 11.6% N/A

* Annualized

Return Ranking - Calendar

Period VIRSX Return Category Return Low Category Return High Rank in Category (%)
2020 13.4% 1.3% 14.9% 14.22%
2019 21.1% 4.1% 22.6% 10.00%
2018 -9.5% -23.1% -6.9% 6.78%
2017 18.5% -15.1% 18.8% 8.48%
2016 6.7% -0.2% 8.2% 11.19%

Total Return Ranking - Trailing

Period VIRSX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.0% 4.6% 14.1% 60.19%
1 Yr 32.7% 17.6% 41.7% 55.09%
3 Yr 13.3%* 6.7% 15.2% 34.85%
5 Yr 13.3%* 8.8% 15.1% 31.25%
10 Yr N/A* 7.6% 11.6% N/A

* Annualized

Total Return Ranking - Calendar

Period VIRSX Return Category Return Low Category Return High Rank in Category (%)
2020 13.4% 1.3% 14.9% 14.22%
2019 21.1% 4.1% 22.6% 10.00%
2018 -9.5% -23.1% -5.5% 32.77%
2017 18.5% -15.1% 26.3% 44.85%
2016 6.7% -0.1% 10.6% 51.05%

NAV & Total Return History


VIRSX - Holdings

Concentration Analysis

VIRSX Category Low Category High VIRSX % Rank
Net Assets 46.3 B 182 K 46.3 B 0.44%
Number of Holdings 5 4 530 94.71%
Net Assets in Top 10 45.7 B 138 K 45.7 B 0.44%
Weighting of Top 10 99.96% 38.9% 100.0% 12.68%

Top 10 Holdings

  1. Vanguard Total Stock Market Idx I 49.36%
  2. Vanguard Total Intl Stock Index Inv 31.89%
  3. Vanguard Total Bond Market II Idx Inv 13.44%
  4. Cmt Market Liquidity Rate 1.60%
  5. Cmt Market Liquidity Rate 1.60%
  6. Cmt Market Liquidity Rate 1.60%
  7. Cmt Market Liquidity Rate 1.60%
  8. Cmt Market Liquidity Rate 1.60%
  9. Cmt Market Liquidity Rate 1.60%
  10. Cmt Market Liquidity Rate 1.60%

Asset Allocation

Weighting Return Low Return High VIRSX % Rank
Stocks
81.20% 64.01% 90.51% 53.74%
Bonds
18.35% -14.53% 90.36% 18.06%
Cash
0.26% -65.19% 48.81% 95.15%
Convertible Bonds
0.17% 0.00% 1.40% 49.34%
Other
0.03% -2.54% 7.22% 72.25%
Preferred Stocks
0.01% 0.00% 0.47% 77.53%

Stock Sector Breakdown

Weighting Return Low Return High VIRSX % Rank
Technology
18.69% 14.75% 21.15% 47.58%
Financial Services
16.05% 12.37% 18.85% 28.63%
Consumer Cyclical
12.00% 8.54% 15.06% 59.03%
Healthcare
11.76% 8.78% 14.76% 59.91%
Industrials
11.14% 9.29% 14.83% 59.03%
Communication Services
9.06% 6.98% 11.22% 43.61%
Consumer Defense
6.69% 4.28% 11.29% 35.68%
Basic Materials
4.97% 2.97% 5.89% 34.80%
Real Estate
3.65% 1.83% 9.33% 47.14%
Energy
3.35% 1.88% 4.03% 34.36%
Utilities
2.65% 0.40% 6.18% 39.21%

Stock Geographic Breakdown

Weighting Return Low Return High VIRSX % Rank
US
49.11% 29.93% 67.62% 59.03%
Non US
32.09% 16.95% 44.39% 37.89%

Bond Sector Breakdown

Weighting Return Low Return High VIRSX % Rank
Government
55.54% 8.80% 60.69% 1.76%
Corporate
24.71% 0.79% 57.83% 55.51%
Securitized
17.79% 0.00% 31.59% 31.28%
Cash & Equivalents
1.46% 1.46% 52.23% 100.00%
Municipal
0.51% 0.00% 17.70% 19.38%
Derivative
0.00% 0.00% 27.01% 96.48%

Bond Geographic Breakdown

Weighting Return Low Return High VIRSX % Rank
US
12.30% 2.14% 60.19% 48.46%
Non US
6.05% -54.55% 36.77% 8.81%

VIRSX - Expenses

Operational Fees

VIRSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.09% 0.06% 1.84% 98.23%
Management Fee 0.00% 0.00% 0.88% 25.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

VIRSX 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

VIRSX 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.

VIRSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.00% 2.00% 101.00% 15.24%

VIRSX - Distributions

Dividend Yield Analysis

VIRSX Category Low Category High VIRSX % Rank
Dividend Yield 1.50% 0.00% 0.14% 87.67%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

VIRSX Category Low Category High VIRSX % Rank
Net Income Ratio 2.17% -0.14% 6.53% 13.53%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

VIRSX - Fund Manager Analysis

Managers

William Coleman


Start Date

Tenure

Tenure Rank

Jun 26, 2015

6.02

6.0%

William A. Coleman, CFA, Portfolio Manager at Vanguard. He has worked in investment management since joining Vanguard in 2006 and has co-managed the Conservative Allocation and Moderate Allocation Portfolios since 2013. Education: B.S., King’s College; M.S., Saint Joseph’s University.

Walter Nejman


Start Date

Tenure

Tenure Rank

Jun 26, 2015

6.02

6.0%

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
0.09 16.67 5.12 1.5