- ISIN
- US9032887369
- CUSIP
- 903288736
- Issuer
- Victory
- Inception Date
- Jul 30, 2008
- Category
- Target Retirement Date
- Min. Investment
- $500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
URFRX Performance Chart
USAA Target Retirement 2040 Fund (URFRX) is up 10.8% since the beginning of the year. URFRX is currently trading at $16 per share. Investors who bought $1,000 worth of URFRX shares 5 years ago would now be looking at an investment worth $1,519.
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Returns By Period
USAA Target Retirement 2040 Fund (URFRX) has returned 10.83% so far this year and 23.09% over the past 12 months. Over the last ten years, URFRX has returned 9.53% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
USAA Target Retirement 2040 Fund
- 1D
- 0.77%
- 1M
- 2.14%
- YTD
- 10.83%
- 6M
- 10.44%
- 1Y
- 23.09%
- 3Y*
- 15.36%
- 5Y*
- 8.72%
- 10Y*
- 9.53%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
URFRX Monthly Returns History
Based on dividend-adjusted daily data since Aug 4, 2008, URFRX's average daily return is +0.03%, while the average monthly return is +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 67% of months were positive and 33% were negative. The best month was Oct 2011 with a return of +9.9%, while the worst month was Oct 2008 at -16.5%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, URFRX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +8.6%, while the worst single day was Mar 16, 2020 at -8.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.74% | 2.19% | -4.62% | 6.39% | 3.43% | 0.57% | 10.83% | ||||||
| 2025 | 2.62% | 0.00% | -2.26% | 0.92% | 3.96% | 3.30% | -0.07% | 2.98% | 2.34% | 1.01% | 0.87% | 0.71% | 17.49% |
| 2024 | 0.25% | 3.14% | 2.88% | -3.19% | 3.70% | 0.85% | 2.23% | 1.96% | 1.55% | -1.16% | 2.28% | -4.23% | 10.37% |
| 2023 | 5.40% | -2.47% | 2.08% | 1.24% | -1.58% | 4.54% | 2.72% | -2.07% | -3.21% | -2.36% | 7.43% | 4.59% | 16.75% |
| 2022 | -4.08% | -1.94% | 1.14% | -6.32% | 0.64% | -7.42% | 5.60% | -3.59% | -7.87% | 5.51% | 6.79% | -3.00% | -14.86% |
| 2021 | -0.15% | 2.31% | 2.71% | 3.37% | 1.91% | 0.63% | 0.48% | 1.65% | -3.52% | 4.06% | -2.15% | 3.84% | 15.88% |
Benchmark Metrics
USAA Target Retirement 2040 Fund has an annualized alpha of 0.03%, beta of 0.73, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since August 04, 2008.
- This fund participated in 83.77% of S&P 500 Index downside but only 75.03% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.03%
- Beta
- 0.73
- R²
- 0.92
- Upside Capture
- 75.03%
- Downside Capture
- 83.77%
Expense Ratio
URFRX has an expense ratio of 0.02%, which is considered low.
Return for Risk
Risk / Return Rank
URFRX ranks 74 for risk / return — better than 74% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for USAA Target Retirement 2040 Fund (URFRX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| URFRX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 2.78 | +0.52 |
| Martin ratioReturn relative to average drawdown | 14.25 | 12.44 | +1.81 |
Dividends
Dividend History
USAA Target Retirement 2040 Fund provided a 6.36% dividend yield over the last twelve months, with an annual payout of $1.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.00 | $1.00 | $0.36 | $0.48 | $1.15 | $1.09 | $0.72 | $1.60 | $1.19 | $0.93 | $0.51 | $0.31 |
Dividend yield | 6.36% | 7.05% | 2.78% | 3.94% | 10.68% | 7.78% | 5.49% | 12.74% | 9.99% | 6.53% | 3.95% | 2.55% |
Monthly Dividends
The table displays the monthly dividend distributions for USAA Target Retirement 2040 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $1.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.15 | $1.15 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 | $1.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the USAA Target Retirement 2040 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the USAA Target Retirement 2040 Fund was 39.33%, occurring on Mar 9, 2009. Recovery took 208 trading sessions.
The current USAA Target Retirement 2040 Fund drawdown is 0.51%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -39.33%Mar 2009 | 6mo 29d | 10mo 1d | 1y 4moAug 2008 - Jan 2010 |
COVID crash2020 | -28.59%Mar 2020 | 1mo 2d | 5mo 13d | 6mo 15dFeb 2020 - Sep 2020 |
Bear market2022 | -22.27%Sep 2022 | 8mo 28d | 1y 4mo | 2y 24dJan 2022 - Jan 2024 |
2011 correction2011 | -19.51%Oct 2011 | 5mo 4d | 11mo 16d | 1y 4moMay 2011 - Sep 2012 |
Rate-hike selloffLate 2018 | -16.62%Dec 2018 | 10mo 29d | 10mo 12d | 1y 9moJan 2018 - Nov 2019 |
Drawdown Indicators
| URFRX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.33% | -56.78% | +17.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.88% | -9.10% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -12.41% | -18.90% | +6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -22.27% | -25.43% | +3.16% |
Max Drawdown (10Y)Largest decline over 10 years | -28.59% | -33.92% | +5.33% |
Current DrawdownCurrent decline from peak | -0.51% | -1.80% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -10.71% | +5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.03% | -0.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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