3 / 5 Stars
3 3 1 2 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 51 Target Date 2036-2040 Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 13.85 percent over the past year, 8.78 percent over the past three years, and 15.93 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-2.9%|
|3 Years (Annualized)||8.8%|
|5 Years (Annualized)||15.9%|
|10 Years (Annualized)||N/A|
The investment seeks the highest total return. The fund is a fund of funds-it invests primarily in other funds. These underlying funds are open-end funds managed by the manager or its affiliates, or exchange-traded funds ("ETFs") that are based on an index and managed by unaffiliated investment advisers. It seeks to achieve its objectives by investing in a combination of underlying funds representing a variety of broad asset classes-equity, fixed income and inflation-hedging-and investment styles. The fund is designed for investors expecting to retire around 2040.
Fees are High compared to funds in the same category.
Legg Mason Target Retirement 2040 has an expense ratio of 1.30 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.