What does Vanguard Target Retirement 2040 Fund do?

Vanguard Target Retirement 2040 Fund (VFORX) operates in the Asset Management industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.

What is VFORX's market cap?

Vanguard Target Retirement 2040 Fund (VFORX) has a market capitalization of approximately $119.65 billion, as of July 24, 2026, based on the most recent share price and shares outstanding.

Does VFORX pay a dividend?

Yes — Vanguard Target Retirement 2040 Fund (VFORX) pays a dividend annually, with a trailing-twelve-month yield of 2.57%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.

VFORX

Vanguard Target Retirement 2040 Fund

NASDAQ·Asset Management · Financial Services

$53.75$0.45−0.83%

Market cap$119.65B·Market closed·Jul 24 12:10 PM UTC

Price Chart

$53.75−$0.45 (−0.83%)today

+9.34%CAGR +1.80%

Select date range

FromTo

Jun 7, 2006Jul 24, 2021 → Jul 24, 2026· 5.0 yrsJul 24, 2026

Key Metrics

DividendDividend Tab

Dividend Yield (FWD)2.57%

Annual Dividend (FWD)$1.38

Dividend Growth (5Y)+14.0%

Dividend Safety—

Payout Ratio55.7%

FCF Payout Ratio—

Most Recent Dividend$1.38

Ex-Dividend DateDec 23

Payment DateDec 24

EarningsEarnings Tab

EPS (FWD)—

P/E Ratio (FWD)—

EPS Growth (1Y)—

EPS Growth (3Y)—

EPS Growth (5Y)—

Next Earnings Date—

Last Report Date—

Reported vs Estimate—

Earnings Surprise—

Income Statement Flow

PRO

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About Vanguard Target Retirement 2040 Fund

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…

Sector: Financial Services
Industry: Asset Management
Exchange: NASDAQ
Website: investor.vanguard.com/investment-products/mutual-funds/profile/vforx

Peers

Peers Tab

VTIVX

Vanguard Target Retirement 2045 Fund

Cap

$121.1B

VTHRX

Vanguard Target Retirement 2030 Fund

Cap

$114.3B

VTTHX

Vanguard Target Retirement 2035 Fund

Cap

$129.2B

Latest News

News Tab

No recent news available.

Frequently Asked Questions About VFORX

What does Vanguard Target Retirement 2040 Fund do?: Vanguard Target Retirement 2040 Fund (VFORX) operates in the Asset Management industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.
What is VFORX's market cap?: Vanguard Target Retirement 2040 Fund (VFORX) has a market capitalization of approximately $119.65 billion, as of July 24, 2026, based on the most recent share price and shares outstanding.
Does VFORX pay a dividend?: Yes — Vanguard Target Retirement 2040 Fund (VFORX) pays a dividend annually, with a trailing-twelve-month yield of 2.57%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.