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 Inv VLXVX
NAV / 1-Day Return
31.68
/
0.03
%
Total Assets
1.4 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.150%
Expense Ratio
0.150%
Fee Level
Low
Longest Manager Tenure
4.29
years
Category
Target-Date 2065+
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
Medium / ModerateStatus
Open
TTM Yield
1.32%
Turnover
6%
Premium
Morningstar’s Analysis
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.
Will VLXVX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
Parent Pillar
The Parent Pillar is our rating of VLXVX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Vanguard Target Retirement's Fees Dropping in 2022
