##  [# Vanguard Cuts Fees On 4 Bond ETFs ](/sections/daily-etf-watch/vanguard-cuts-fees-4-bond-etfs) 

 

# Vanguard Cuts Fees On 4 Bond ETFs 

 

 

 ‘BND’ is getting a half-basis point haircut.



 

 

 

 

 [![DanMika200x200.jpg](/sites/default/files/styles/author_image_icon/public/2023-02/DanMika200x200.jpg?itok=W3yFiWn- "DanMika200x200.jpg")](/contributors/dan-mika) 

[By Dan Mika](/contributors/dan-mika)

 Apr 29, 2022

 Edited by: Dan Mika

 

 

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Vanguard’s latest round of fee cuts targets its lineup of broad fixed income funds, including its flagship [**Vanguard Total Bond Market ETF (BND)**](https://etf.com/bnd).

The fee cuts announced Friday morning are listed below:

TickerFundPrevious Expense RatioNew Expense RatioAUM[BSV](https://www.etf.com/bsv)[Vanguard Short-Term Bond ETF](https://www.etf.com/BSV)

0.05%0.04%$36.44B[BIV](https://www.etf.com/BIV)[Vanguard Intermediate-Term Bond ETF](https://www.etf.com/BIV)0.05%0.04%$12.63B[BLV](https://www.etf.com/BLV)[Vanguard ](https://www.etf.com/VMBS)[Long-Term Bond](https://www.etf.com/blv)0.05%0.04%$4.58B[BND](https://www.etf.com/bnd)[Vanguard Total Bond Market ETF](https://www.etf.com/BND)0.035%0.03%$81.34BThe firm estimates the cost cuts will save shareholders approximately $8.8 billion in its fiscal year 2021 compared with the fiscal year prior based on monthly average assets under management.

The half-basis-point cut for BND brings its expense ratio level with that of the [**iShares Core U.S. Aggregate Bond ETF (AGG)**](https://etf.com/agg), which effectively provides the same type of government and investment-grade corporate debt exposure.

AGG and BND are the largest fixed income ETFs on the markets, with $82.93 billion and $81.3 billion in assets, respectively. However, AGG is more often used as a trading tool, as indicated by its $1.08 billion in average daily volume compared with BND’s $635 million.

Vanguard’s move is the latest in a long-running battle between major issuers to push fees down for vanilla ETFs in a bid to attract investor dollars at scale.

*Contact Dan Mika at* [*dan.mika@etf.com*](mailto:dan.mika@etf.com)*, and follow him on*[ *Twitter*](https://twitter.com/DanMikaTweets)



 

 

 [ Dan Mika ](/contributors/dan-mika) 

 

 

  Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in…   [View Bio](/contributors/dan-mika)

 



 

 


 Related Topics  [Bond](http://www.etf.com/topics/bond) 

 [Fixed Income](http://www.etf.com/topics/fixed-income) 

 [Broad Maturities](http://www.etf.com/topics/broad-maturities) 

 [Intermediate](http://www.etf.com/topics/intermediate)