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.
Vanguard Target Retirement 2065 Fund VLXVX
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The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VLXVX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the VLXVX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
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Vanguard Target Retirement's Fees Dropping in 2022
