Hi all,
I've been googling trying to understand what has happened but have yet to get a simple answer. I got a letter stating my investment allocation in my retirement account had moved from vanguard target retire 2050 to vanguard institutional target retire 2050. If I understand this correctly, it is simply a change in funds from regular to institutional class and occurred because the company that manages my 401k decided to offer a different fund. I can't tell the difference except that there seems to be a large price difference between the funds.
Can somebody explain what the difference between the funds is?