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Best target-date funds? Fidelity vs. Vanguard Fidelity and Vanguard’s target-date funds had almost the same investment portfolios, but Vanguard shareholders get greater returns, according to MarketWatch. Fidelity charges more than Vanguard, and shareholders who had higher expenses often yield lower returns. Four funds from Vanguard have an average expense ratio of just 0.17%, with a five-year return of 10.4%, compared to 9.3% for more expensive Fidelity Freedom K funds. --MarketWatch

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