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Vanguard cuts fees on 13 ETFs

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Vanguard, No3 in the US ETF space with USD1.7 trillion in assets under management, has cut the expense ratios of 13 of its most popular exchange traded funds.

The reductions include a 17 per cent cut to the Vanguard S&P 500 ETF, a 14 per cent cut to the Vanguard Total STock Market ETF, and a 9 per cent cut to the firm’s Vanguard Total Bond Market ETF.

According to Vanguard, the reductions are due to either growth in assets or a drop in management costs of the funds. "A fund’s expense ratio may change from year to year in response to changes in its assets and/or changes in the cost of managing it," Vanguard said in press release posted on its website.

The 10 other expense ratio changes, which all became effective 26 April, are:
Vanguard Extended Market ETF – 0.14% from 0.16%
Vanguard Growth ETF – 0.10% from 0.12%
Vanguard Large-Cap ETF – 0.10% from 0.12%
Vanguard Mid-Cap Growth ETF – 0.10% from 0.12%
Vanguard Mid-Cap ETF – 0.10% from 0.12%
Vanguard Mid-Cap Value ETF – 0.10% from 0.12%
Vanguard Small-Cap Growth ETF – 0.10% from 0.12%
Vanguard Small-Cap ETF – 0.16% from 0.17%
Vanguard Small-Cap Value ETF – 0.21% from 0.23%
Vanguard Value ETF – 0.10% from 0.12%
 

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