Vanguard Target Retirement 2040 Fund
VFORX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- Jun 7, 2006
- CIK
- 0000752177
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Target Retirement 2040 Fund (VFORX) is a target-date mutual fund offered by The Vanguard Group Inc that provides a diversified portfolio designed for investors planning to retire around 2040. The fund follows a glide path that gradually shifts its asset allocation from growth-oriented investments to income-focused ones as the target date approaches and beyond; this includes a mix of Vanguard index funds investing in U.S. stocks, international stocks, U.S. bonds, and international bonds. Core holdings encompass equity funds such as Vanguard Total Stock Market Index Fund, Vanguard Total International Stock Index Fund, Vanguard Total Bond Market II Index Fund, and Vanguard Total International Bond Index Fund, with allocations adjusted over time to reduce risk. The fund maintains low expense ratios typical of Vanguard products, emphasizing cost efficiency and broad market exposure across domestic and global markets. It serves retirement savers, including participants in 401(k) plans, IRAs, and other defined contribution plans, with operations spanning the United States and international markets through its underlying funds' global investments. Launched in 2006 and managed from Vanguard's headquarters in Malvern, Pennsylvania, the fund operates as part of Vanguard's family of over 80 target retirement funds covering various maturity dates. In recent developments, Vanguard announced adjustments to its target-date fund glide paths in 2024 to better align with long-term capital market assumptions, incorporating modestly higher equity allocations in early years; the firm also expanded ESG (environmental, social, and governance) options with the launch of new target-date funds in late 2023. No major acquisitions or name changes have occurred, but Vanguard continues strategic enhancements such as increased use of low-cost index strategies and partnerships with plan sponsors for customized retirement solutions. These changes reflect ongoing efforts to optimize performance and adapt to evolving investor needs amid market volatility.