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How to Choose Between Our Favorite Target-Date Series

Our two Gold-rated series, the Vanguard Target Retirement series and the BlackRock LifePath Index series, share some similarities but have some important differences.

Morningstar currently assigns a Gold rating to only two series of target-date funds--the Vanguard Target Retirement series, and the BlackRock LifePath Index series. While these two series share some similarities, investors choosing between them should be aware of their differences.

Both series invest mainly in passively managed underlying strategies. This helps keep costs low. Both series have asset-weighted expense ratios lower than 0.20%, well below the typical peer’s 0.73% expense ratio.