"The two asset managers are the first among their peers to switch to a 'single fee' management structure in their target-date mutual funds, analysts said. This structure allows the firms to charge a fixed fee for their funds, irrespective of the underlying funds that make up the portfolios. Target-date managers have historically used an 'acquired fee' model, whereby firms determine the cost of the overall portfolio based on the asset-weighed cost of the underlying funds."  MORE >>