URFRX — Target Retirement 2040 Fund
Data updated: 2026-07-10
URFRX — Target Retirement 2040 Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Target Date / Glide Path Allocation · $1.86B AUM · 0.57% expense ratio · 23.7% 1-yr return. From SEC regulatory filings.
URFRX Fund Overview
URFRX — Target Retirement 2040 Fund is a US mutual fund managed by Victory Portfolios III, categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Victory Portfolios III
- Category: Target Date / Glide Path Allocation
- Assets under management: $1.86B
- 1-year return: 23.7%
- Ticker: URFRX
- SEC CIK: 0000908695
- SEC series ID: S000022886
- Share class ID: C000066376
URFRX Holdings
Top 10 holdings of Target Retirement 2040 Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| USAA Mutual Funds Trust: 500 Index Fund; Reward Shares | 7.71% |
| USAA Mutual Funds Trust: Global Managed Volatility Fund; Institutional Class Shares | 7.51% |
| Victory Portfolios: Victory RS International Fund; Class R6 Shares | 7.21% |
| USAA Mutual Funds Trust: Government Securities Fund; Institutional Class Shares | 6.29% |
| Victory Portfolios: Victory Trivalent International Fund-Core Equity; Class R6 Shares | 5.32% |
| VictoryShares WestEnd US Sector ETF | 5.15% |
| VictoryShares International Value Momentum ETF | 4.83% |
| USAA Mutual Funds Trust: Nasdaq-100 Index Fund; Class R6 Shares | 4.72% |
| USAA Mutual Funds Trust: Intermediate-Term Bond Fund; Institutional Class Shares | 4.44% |
| USAA Mutual Funds Trust: Target Managed Allocation Fund | 4.35% |
URFRX Portfolio Allocation
Asset-class allocation of Target Retirement 2040 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Other | 99.4% |
| Cash & Equivalents | 0.1% |
URFRX Performance
Total returns for URFRX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 6.5% |
| 1 year | 23.7% |
| 3 years (annualised) | 15.5% |
| 5 years (annualised) | 8.3% |
URFRX Risk Information
Risk metrics for URFRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.2%
URFRX Costs and Fees
URFRX costs about $57 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.57%
- Gross expense ratio: 0.57%
- Portfolio turnover: 12%
- Brokerage commissions: 0.96 bps of average net assets (SEC N-CEN)
URFRX Cashflows
Over the 12 months to 2026-04, Target Retirement 2040 Fund had net inflows of $45.18M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$5.22M |
| 2026-03 | −$7.76M |
| 2026-02 | −$1.13M |
| 2026-01 | −$7.66M |
| 2025-12 | $108.52M |
| 2025-11 | −$1.64M |
URFRX Debt Constituents
No individual debt constituents are reported in Target Retirement 2040 Fund's latest SEC N-PORT filing.
URFRX Prospectus and SEC Filings
Official Target Retirement 2040 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.