Vanguard has announced another wave of expense ratio reductions affecting 68 share classes. This is the third round of expense ratio reductions Vanguard has announced in just three months. In total, 124 different fund shares have been affected, with $143 million in savings racked up for Vanguard’s investors, the investment management company said.
Twelve Vanguard ETFs were included in this latest series of cost adjustments, according to the press release:
- Vanguard FTSE Emerging Markets ETF (VWO) declined one basis point to 0.14%.
- Vanguard FTSE Europe ETF (VGK) declined two basis points to 0.10%.
- Vanguard FTSE Pacific ETF (VPL) declined two basis points to 0.10%.
- Vanguard Total International Stock ETF (VXUS) declined two basis points to 0.11%.
- Vanguard FTSE All-World ex-US Index Fund (VEU) declined two basis points to 0.11%.
- Vanguard Total World Stock ETF (VT) declined three basis points to 0.11%.
- Vanguard Global ex-U.S. Real Estate ETF (VNQI) declined three basis points to 0.15%.
- Vanguard FTSE All-World ex-US Small-Cap ETF (VSS) declined four basis points to 0.13%.
- Vanguard Emerging Markets Government Bond ETF (VWOB) declined two basis points to 0.32%.
- Vanguard Tax-Exempt Bond Index ETF (VTEB) declined three basis points to 0.09%.
- Vanguard Total International Bond ETF (BNDX) declined three basis points to 0.12%.
- Vanguard High Dividend Yield Index Fund (VYM) declined one basis point to 0.08%.
All of the ETFs are international funds except for VYM.
“While Vanguard is lowering—and will continue to lower—the cost of investing, the so-called fee war is essentially over on the beta battleground. Investors have won,” said Vanguard CEO Bill McNabb.
“The new fronts in the fee war are active management and advice. Again, investors will ultimately win,” he added.
The Vanguard International High Dividend Yield Index ETF (VYMI) was in one of three share classes—but the only ETF—to see an increase in expense ratio. Its fee has risen 2 basis points to 0.32%.
