Daily ETF Watch: Vanguard Fees Fall
Seven Vanguard ETFs saw their fund fees automatically reduced.
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As February came to a close, Vanguard reported that 42 mutual fund shares experienced expense ratio reductions. It was the fund provider’s third wave of expense ratio decreases in the fiscal year ended Sept. 30, 2015, according to the press release. Among those 42 different shares are seven ETFs.
The fee reductions for the ETFs, which include six international funds and one domestic fund, are as follows:
- Vanguard FTSE All-World ex-US Index ETF (VEU | A-98) fee fell 1 basis point, to 0.13%.
- Vanguard Total World Stock Index ETF (VT | A-99) fee fell 3 basis points, to 0.14%.
- Vanguard Total International Stock Index ETF (VXUS | A-99) fee fell 1 basis point, to 0.13%.
- Vanguard Total International Bond Index ETF (BNDX | B-57) fee fell 4 basis points, to 0.15%.
- Vanguard Global ex-U.S. Real Estate Index ETF (VNQI | A-81) fee fell 6 basis points, to 0.18%.
- Vanguard FTSE All-World ex-US Small-Cap Index ETF (VSS | A-81) fee fell 2 basis points, to 0.17%.
- Vanguard High Dividend Yield ETF (VYM | A-97) fee fell 1 basis point to 0.09%.
As assets under management increase in individual Vanguard funds, including ETFs, Vanguard essentially lowers its respective expense ratios automatically as economies of scale translate into lower management costs.
Contact Heather Bell at [email protected].
