On Sept. 28, 2021, Vanguard announced it will merge the two share classes of its Target Retirement series into one and reduce fees as a result of the new larger asset base. The Malvern-based firm will merge the target-date series’ Institutional share class into its Investor share class, resulting in a single share class that’s expected to have an expense ratio of 0.08%. Currently, the Investor share class has fees that vary from 0.12% to 0.15% depending on the vintage, and the Institutional share class charges 0.09% across all funds. The merger is expected to be completed by February 2022.
Will VTXVX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VTXVX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VTXVX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VTXVX’s parent organization’s priorities and whether they’re in line with investors’ interests.