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Vanguard Institutional Target Retirement 2040 Fund
mutual fund
VIRSX
Payout Change
Pending
Price as of:
$30.89
-0.36
-1.15%
primary theme
N/A
share class
VIRSX (Mutual Fund)
Vanguard Institutional Target Retirement 2040 Fund
VIRSX (Mutual Fund)
Vanguard Institutional Target Retirement 2040 Fund
Payout Change
Pending
Price as of:
$30.89
-0.36
-1.15%
primary theme
N/A
share class
Name
As of 02/11/2022Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-6.4%
1 yr return
10.3%
3 Yr Avg Return
13.7%
5 Yr Avg Return
11.5%
Net Assets
$47.4 B
Holdings in Top 10
98.5%
52 WEEK LOW AND HIGH
$31.3
$29.61
$33.93
Expenses
OPERATING FEES
Expense Ratio 0.09%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 5.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 02/11/2022Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
VIRSX - Profile
Distributions
- YTD Total Return -6.4%
- 3 Yr Annualized Total Return 13.7%
- 5 Yr Annualized Total Return 11.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.66%
- Dividend Yield 1.8%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameVanguard Institutional Target Retirement 2040 Fund
-
Fund Family NameVanguard
-
Inception DateJun 26, 2015
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerWilliam Coleman
Fund Description
The Fund invests in a mix of Vanguard mutual funds (underlying 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 is designed for an investor who plans to withdraw the value of an account in the Fund over a period of many years after 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. Within seven years after 2040, the Fund’s asset allocation should become similar to that of the Institutional Target Retirement Income Fund. As of September 30, 2021, the Fund’s allocation among the underlying asset classes was as follows:• U.S. stocks48.2%• Foreign stocks32.5%• U.S. fixed-income securities13.4%• Foreign fixed-income securities5.9%At any given time, the Fund’s asset allocation may be affected by a variety of factors, such as whether the underlying funds are accepting additional investments.The Fund’s indirect stock holdings are a diversified mix of U.S. and foreign large-, mid-, and small-capitalization stocks.The Fund’s indirect fixed-income holdings are a diversified mix of short-, intermediate-, and long-term U.S. government, U.S. agency, and investment-grade U.S. corporate bonds; mortgage-backed and asset-backed securities; and government, agency, corporate, and securitized investment-grade foreign bonds issued in currencies other than the U.S. dollar (but hedged by Vanguard to minimize foreign currency exposure).
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VIRSX - Performance
Return Ranking - Trailing
| Period | VIRSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -6.4% | -6.4% | -3.4% | 100.00% |
| 1 Yr | 10.3% | 4.3% | 14.2% | 63.18% |
| 3 Yr | 13.7%* | 9.5% | 15.7% | 43.06% |
| 5 Yr | 11.5%* | 8.2% | 12.8% | 35.52% |
| 10 Yr | N/A* | 7.9% | 11.9% | N/A |
* Annualized
Return Ranking - Calendar
| Period | VIRSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.4% | -6.3% | 17.5% | 10.33% |
| 2022 | 13.4% | 3.3% | 14.9% | 14.43% |
| 2021 | 21.1% | 4.1% | 22.6% | 10.15% |
| 2020 | -9.5% | -23.1% | -6.9% | 6.90% |
| 2019 | 18.5% | -15.1% | 18.8% | 8.64% |
Total Return Ranking - Trailing
| Period | VIRSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -6.4% | -6.4% | -3.4% | 100.00% |
| 1 Yr | 10.3% | 0.9% | 14.2% | 52.53% |
| 3 Yr | 13.7%* | 7.4% | 15.7% | 39.32% |
| 5 Yr | 11.5%* | 7.0% | 12.8% | 31.49% |
| 10 Yr | N/A* | 7.9% | 11.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | VIRSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.4% | -6.3% | 17.5% | 10.33% |
| 2022 | 13.4% | 3.3% | 14.9% | 14.43% |
| 2021 | 21.1% | 4.1% | 22.6% | 10.15% |
| 2020 | -9.5% | -23.1% | -5.5% | 32.76% |
| 2019 | 18.5% | -15.1% | 26.3% | 45.06% |
NAV & Total Return History
VIRSX - Holdings
Concentration Analysis
| VIRSX | Category Low | Category High | VIRSX % Rank | |
|---|---|---|---|---|
| Net Assets | 47.4 B | 96.6 K | 47.4 B | 0.44% |
| Number of Holdings | 6 | 4 | 550 | 94.71% |
| Net Assets in Top 10 | 50.7 B | 405 K | 50.7 B | 0.44% |
| Weighting of Top 10 | 98.48% | 38.3% | 100.0% | 25.94% |
Top 10 Holdings
- Vanguard Total Stock Market Idx I 48.05%
- Vanguard Total Intl Stock Index Inv 32.00%
- Vanguard Total Bond Market II Idx Inv 12.82%
- Vanguard Total Intl Bd II Idx Admiral 5.61%
- Cmt Market Liquidity Rate 1.60%
- Cmt Market Liquidity Rate 1.60%
- Cmt Market Liquidity Rate 1.60%
- Cmt Market Liquidity Rate 1.60%
- Cmt Market Liquidity Rate 1.60%
- Cmt Market Liquidity Rate 1.60%
Asset Allocation
| Weighting | Return Low | Return High | VIRSX % Rank | |
|---|---|---|---|---|
| Stocks | 78.82% | 4.23% | 90.11% | 66.52% |
| Bonds | 17.87% | -33.18% | 66.81% | 23.35% |
| Cash | 3.12% | -1.42% | 58.50% | 49.34% |
| Convertible Bonds | 0.18% | 0.00% | 0.81% | 44.93% |
| Other | 0.01% | -0.54% | 13.35% | 86.78% |
| Preferred Stocks | 0.00% | 0.00% | 0.38% | 100.00% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | VIRSX % Rank | |
|---|---|---|---|---|
| Technology | 21.52% | 0.02% | 24.70% | 29.96% |
| Financial Services | 14.99% | 0.00% | 17.90% | 45.37% |
| Consumer Cyclical | 12.32% | 0.00% | 13.23% | 18.06% |
| Healthcare | 11.54% | 0.00% | 14.47% | 79.74% |
| Industrials | 10.63% | 0.00% | 12.49% | 48.90% |
| Communication Services | 8.33% | 0.81% | 11.48% | 44.93% |
| Consumer Defense | 6.31% | 0.00% | 10.42% | 58.15% |
| Basic Materials | 4.64% | 0.00% | 5.73% | 22.47% |
| Real Estate | 3.64% | 1.74% | 99.17% | 54.63% |
| Energy | 3.50% | 0.00% | 4.95% | 37.44% |
| Utilities | 2.58% | 0.00% | 6.95% | 47.14% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | VIRSX % Rank | |
|---|---|---|---|---|
| US | 47.57% | 4.23% | 66.74% | 78.41% |
| Non US | 31.25% | 0.00% | 44.64% | 29.96% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | VIRSX % Rank | |
|---|---|---|---|---|
| Government | 42.66% | 11.59% | 62.45% | 28.63% |
| Corporate | 17.59% | 2.38% | 57.67% | 72.69% |
| Derivative | 14.49% | 0.00% | 19.42% | 5.73% |
| Cash & Equivalents | 12.56% | 3.19% | 54.87% | 83.26% |
| Securitized | 12.33% | 0.00% | 30.12% | 63.00% |
| Municipal | 0.37% | 0.00% | 24.60% | 31.28% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | VIRSX % Rank | |
|---|---|---|---|---|
| US | 11.65% | -34.30% | 46.84% | 49.78% |
| Non US | 6.22% | 0.10% | 19.97% | 7.05% |
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% | 97.80% |
| Management Fee | 0.00% | 0.00% | 0.86% | 26.22% |
| 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 | 2.00% | 2.00% | 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 | 5.00% | 2.00% | 112.00% | 3.35% |
VIRSX - Distributions
Dividend Yield Analysis
| VIRSX | Category Low | Category High | VIRSX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.82% | 0.00% | 0.16% | 99.56% |
Dividend Distribution Analysis
| VIRSX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
| VIRSX | Category Low | Category High | VIRSX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.66% | -0.21% | 5.03% | 19.55% |
Capital Gain Distribution Analysis
| VIRSX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Semi-Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 31, 2018 | $0.519 | |
| Dec 29, 2017 | $0.453 | |
| Dec 29, 2016 | $0.393 | |
| Dec 30, 2015 | $0.161 |
VIRSX - Fund Manager Analysis
Managers
William Coleman
Start Date
Tenure
Tenure Rank
Jun 26, 2015
6.61
6.6%
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
6.61
6.6%
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 |
|---|---|---|---|
| 0.08 | 17.26 | 5.47 | 2.08 |
