21 Vanguard ETFs Get Fee Cuts

April 30, 2019

Last Friday, Vanguard issued another salvo in the ongoing ETF fee wars by cutting expenses on 21 of its ultra-low-cost funds, including eight of its ten largest ETFs.

The ETFs getting price cuts include some of the largest ETFs on the market today, including the $114 billion Vanguard Total Stock Market ETF (VTI) and the $112 billion Vanguard S&P 500 ETF (VOO), the third and fourth largest funds, respectively. VTI and VOO now each cost 0.03%, down from 0.04% apiece.

Price Drops

Other notable price drops include the $72 billion Vanguard FTSE Developed Markets ETF (VEA), whose expense ratio went from 0.07% to 0.05%; and the $66 billion Vanguard FTSE Emerging Markets ETF (VWO), whose expenses dropped from 0.14% to 0.12%.

Though the above price cuts don't make the Vanguard funds cheapest-in-class, they do match or at least bring them closer to striking distance of the least-expensive funds, which are offered by Schwab, State Street and J.P. Morgan.

The $48 billion Vanguard Value ETF (VTV), $40 billion Vanguard Growth ETF (VUG), and $38 billion Vanguard Total Bond Market ETF (BND) also saw price drops, from 0.05% to 0.04%.

Notably, the fee cut makes BND now the cheapest fixed income ETF on the market.

All the Vanguard ETFs getting price cuts are listed in the table below:

 

Vanguard ETFs Getting Fee Cuts
Ticker Fund Old Expense Ratio New Expense Ratio
BND Vanguard Total Bond Market ETF 0.05% 0.04%
BNDX Vanguard Total International Bond ETF 0.11% 0.09%
VEA Vanguard FTSE Developed Markets ETF 0.07% 0.05%
VEU Vanguard FTSE All-World ex-US ETF 0.11% 0.09%
VGK Vanguard FTSE Europe ETF 0.10% 0.09%
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.14% 0.12%
VO Vanguard Mid-Cap ETF 0.05% 0.04%
VOO Vanguard S&P 500 ETF 0.04% 0.03%
VPL Vanguard FTSE Pacific ETF 0.10% 0.09%
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.13% 0.12%
VT Vanguard Total World Stock ETF 0.10% 0.09%
VTEB Vanguard Tax-Exempt Bond ETF 0.09% 0.08%
VTI Vanguard Total Stock Market ETF 0.04% 0.03%
VTV Vanguard Value ETF 0.05% 0.04%
VUG Vanguard Growth ETF 0.05% 0.04%
VV Vanguard Large-Cap ETF 0.05% 0.04%
VWO Vanguard FTSE Emerging Markets ETF 0.14% 0.12%
VWOB Vanguard Emerging Markets Government Bond ETF 0.32% 0.30%
VXF Vanguard Extended Market ETF 0.08% 0.07%
VXUS Vanguard Total International Stock ETF 0.11% 0.09%
VYM Vanguard High Dividend Yield ETF 0.08% 0.06%

Source: FactSet; data as of 4/29/2019

Contact Lara Crigger at [email protected]  

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