Vanguard lowers expenses by merging target-date funds
The expense ratios will drop from an average of 12 basis points to 8 basis points.
Vanguard Group Inc. is merging its institutional target-date funds into its Target Retirement Funds family, which it expects will result in lowering the funds’ expense ratios to 0.08%.
The average expense ratio of TRF funds currently is 0.12%, according to the company’s website, which says th
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