Skip to Content
Fund Spy

Vanguard Cuts Target-Date Fund Fees as Fidelity Continues to Gain Momentum

Investors win again as two target-date behemoths continue to go toe-to-toe over which one is cheaper.


Investing in low-cost target-date funds continues to get cheaper. On Sept. 28, 2021, Vanguard announced plans to merge the Vanguard Institutional Target Retirement series into the Vanguard Target Retirement series in February 2022, with the result that shareholders in both will pay less.

Jason Kephart does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.