Vanguard Target Retirement 2040 Fund (VFORX)
| Fund Assets | 105.91B |
| Expense Ratio | 0.08% |
| Min. Investment | $1,000 |
| Turnover | 2.00% |
| Dividend (ttm) | 1.38 |
| Dividend Yield | 2.52% |
| Dividend Growth | 20.66% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 23, 2025 |
| Previous Close | 54.87 |
| YTD Return | 9.45% |
| 1-Year Return | 21.96% |
| 5-Year Return | 51.06% |
| 52-Week Low | 45.63 |
| 52-Week High | 55.00 |
| Beta (5Y) | 0.73 |
| Holdings | 6 |
| Inception Date | Jun 7, 2006 |
About VFORX
These Vanguard Target Retirement Funds offer a comprehensive investment solution, consolidating a diversified portfolio into a single offering whose asset allocation strategy dynamically adapts over time. They achieve broad market exposure by gradually scaling back equity holdings and simultaneously boosting fixed-income investments as the fund's designated retirement year draws nearer. This rebalancing process extends for roughly seven years past the target date, ultimately conforming its asset structure to that of the Target Retirement Income Fund. Prospective investors in these funds must be comfortable with the inherent market fluctuations associated with both equity and bond investments. This particular fund is best suited for individuals whose projected retirement falls within the 2038 to 2042 window.
Performance
VFORX had a total return of 21.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.23%.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Vanguard Total Stock Market Index Fund Institutional Plus Shares | VSMPX | 44.89% |
| Vanguard Total International Stock Index Fund Investor Shares | VGTSX | 30.54% |
| Vanguard Total Bond Market II Idx Inv | VTBIX | 16.98% |
| Vanguard Total International Bond II Index Fund Institutional Shares | VTILX | 7.07% |
| Mktliq 12/31/2049 | n/a | 0.50% |
| Us Dollar | n/a | 0.01% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 23, 2025 | $1.38201 | Dec 24, 2025 |
| Dec 30, 2024 | $1.14538 | Dec 31, 2024 |
| Dec 27, 2023 | $0.936 | Dec 28, 2023 |
| Dec 28, 2022 | $0.88567 | Dec 29, 2022 |
| Dec 29, 2021 | $8.6924 | Dec 30, 2021 |
| Dec 30, 2020 | $0.9125 | Dec 31, 2020 |