Vanguard reduces the fees for 87 mutual funds and ETFs


A person uses a Vanguard platform on the computer.

Gabby Jones, Bloomberg via Getty Images

The Key Takeaways

  • Vanguard Group announced on Monday the biggest management fee reductions in its history.
  • Vanguard announced that this move will lower the costs of investing money into 87 mutual funds and exchange traded funds.
  • Vanguard has estimated that this move could save investors as much as $350 Million in just 2025.

Vanguard Group has slashed the fees for nearly 90 mutual funds. The investment giant said that this is the biggest rate reduction in the company’s almost 50-year-history.

Vanguard has announced the reduction of management fees across 87 mutual funds and exchange traded funds (ETFs). According to the firm, investors will be able to save $350 million by 2025.

Vanguard, a privately-held firm, said that its actively managed fixed income ETFs and funds now have a weighted average expense ratio (WAR) of 0.10% as opposed to the industry’s WAR of 0.53%. Vanguard said that its bond index funds have an average expense ratio now of 0.05 percent. “less than half the average of 0.11% from our competitors.”

"We're proud to build on Vanguard's legacy of lowering the costs of investing—which we have done more than 2,000 times since our founding—by announcing our largest ever set of expense ratio reductions," CEO Salim Ramji said. "Lower costs enable investors to keep more of their returns, and those savings compound over time."

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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