Duke Faculty and Staff Retirement Plan
Vanguard has announced the merger of the Vanguard Institutional Target Retirement Funds into the Vanguard Investor Target Retirement Funds (TRFs). This change will be effective on or around February 11, 2022. Vanguard expects to lower the expense ratio to 0.08% (currently it is 0.09% for the Institutional funds). Please review the following:
- Vanguard notice
- Vanguard's press release
- Fidelity notice and Qualified Default Investment Alternative notice – This notice includes the expense ratio as of 1/31/2021 of the investor share class; however, the expense ratio is expected to be reduced on or around February 11, 2022.