Vanguard Target Retirement 2040 Fund

Select share classes

There is only one type of share class for this fund.

Vanguard Target Retirement 2040 Fund Accumulation Shares

Category Target Date 2036 - 2040

This fund can be held in an Investment ISA, SIPP and Investment Account

Last buy/sell price

£238.3558

arrow-up£0.477 (+0.20%)

Fund Code

VATFA

BZ6VK78

GB00BZ6VK781

Prices updated as at 02 Apr 2026

Prices in GBP

Investment objective

The Fund seeks to provide a return on your investment (through an increase in the value of, and income received from, assets held by the Fund) over the long-term (5 years or more) for investors planning to retire in or within approximately five years after 2040.

Important documents: Please ensure that you have read the Key Information Document/Technical Guide , Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Portfolio as of 28/02/2026

Asset allocation

Show long & short position

Geographical breakdown

Continent or country allocation (%)

Market classification (%)

Stock style

Value

Core

Growth

Large

24

37

21

Medium

5

7

4

Small

1

Fixed income style
Medium ext
100.00%
% Weight
Ltd
Mod
Ext
High
0
0
0
Medium
0
0
100
Low
0
0
0
Interest rate risk
Bond %
Avg credit quality A
Avg wtd coupon 3.41
Modified duration 6.61
Credit quality breakdown
Rating % of Bond
AAA 11.33
AA 52.24
A 20.37
BBB 15.09
BB -
B -
Below B -
Not Rated 0.96

	Bond %
Avg credit quality	A
Avg wtd coupon	3.41
Modified duration	6.61

Rating	% of Bond
AAA	11.33
AA	52.24
A	20.37
BBB	15.09
BB	-
B	-
Below B	-
Not Rated	0.96

Valuation

Vanguard Target Retirement 2040 Fund Accumulation Shares

Target Date 2036 - 2040

17.77

17.86

2.14

2.41

2.85

3.12

12.00

13.34

Growth rate

Vanguard Target Retirement 2040 Fund Accumulation Shares

Target Date 2036 - 2040

10.27%

10.57%

2.07%

1.90%

6.10%

14.12%

Top 10 holdings

Sector

-

Country

United Kingdom

% of assets

19.18473

Sector

-

Country

Ireland

% of assets

19.17991

Sector

-

Country

United Kingdom

% of assets

15.09546

Sector

-

Country

United Kingdom

% of assets

13.29798

Sector

-

Country

Ireland

% of assets

6.49431

Sector

-

Country

Ireland

% of assets

5.7961

Sector

-

Country

Ireland

% of assets

5.0045

Sector

-

Country

Ireland

% of assets

4.57738

Sector

-

Country

United Kingdom

% of assets

3.82433

Sector

-

Country

Ireland

% of assets

2.59122

Assets in top 10 holdings %

95.05%

Total no. of equity holdings

-

Total no. of bond holdings

-

Stock sectors

Vanguard Target Retirement 2040 Fund Accumulation Shares

Target Date 2036 - 2040

33.65%

Basic materials

4.87%

-

Con cyclical

8.82%

-

Financial svs

17.95%

-

Real estate

2.01%

-

45.54%

Comm services

7.08%

-

Energy

5.00%

-

Industrials

12.52%

-

Technology

20.94%

-

20.81%

Con defensive

7.43%

-

Healthcare

10.20%

-

Utilities

3.18%

-

Important Information

Investment values, and income from investments, can go down as well as up, so you may get back less than you invest. This is not a personal recommendation for a specific investment. If you're not sure which investments are suitable for you, consult Fidelity's advisers or another authorised financial adviser. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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