VFORX — Vanguard Target Retirement 2040 Fund
Data updated: 2026-05-28
VFORX — Vanguard Target Retirement 2040 Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Target Date / Glide Path Allocation · $108.46B AUM · 0.08% expense ratio · 17.6% 1-yr return. From SEC regulatory filings.
VFORX Fund Overview
VFORX — Vanguard Target Retirement 2040 Fund is a US mutual fund managed by Vanguard Chester Funds, 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: Vanguard Chester Funds
- Category: Target Date / Glide Path Allocation
- Assets under management: $108.46B
- 1-year return: 17.6%
- Ticker: VFORX
- SEC CIK: 0000752177
- SEC series ID: S000012761
- Share class ID: C000034440
VFORX Holdings
Top 5 holdings of Vanguard Target Retirement 2040 Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Vanguard Total Stock Market Index Fund | 43.49% |
| Vanguard Total International Stock Index Fund | 30.24% |
| Vanguard Total Bond Market II Index Fund | 18.09% |
| Vanguard Total International Bond II Index Fund | 7.57% |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 0.52% |
VFORX Portfolio Allocation
Asset-class allocation of Vanguard Target Retirement 2040 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.4% |
| Cash & Equivalents | 0.5% |
VFORX Performance
Total returns for VFORX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -1.2% |
| 1 year | 17.6% |
| 3 years (annualised) | 13.9% |
| 5 years (annualised) | 7.5% |
VFORX Risk Information
Risk metrics for VFORX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.5%
VFORX Costs and Fees
VFORX costs about $8 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.08%
- Gross expense ratio: 0.08%
- Portfolio turnover: 5%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
VFORX Cashflows
Over the 12 months to 2026-03, Vanguard Target Retirement 2040 Fund had net inflows of $4.17B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | $302.32M |
| 2026-02 | $138.77M |
| 2026-01 | $200.22M |
| 2025-12 | $3.19B |
| 2025-11 | $59.16M |
| 2025-10 | $66.42M |
VFORX Debt Constituents
No individual debt constituents are reported in Vanguard Target Retirement 2040 Fund's latest SEC N-PORT filing.
VFORX Prospectus and SEC Filings
Official Vanguard 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.