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Vanguard reduces fees on fund shares and ETFs


Vanguard has reported lower expense ratios for 17 fund shares, including nine fixed income ETFs. 

The firm writes that as a result, investors saved an estimated USD18.9 million. Since its founding in 1975, Vanguard has been a leader in lowering the cost of investing. For more than four decades, asset growth driven by investor cash flows and market returns, coupled with operational efficiencies, has enabled Vanguard to return value to investors through lower fund expense ratios.

This is the first round of Vanguard funds in the 2021–2022 fiscal-year period to report expense ratio changes, the firm writes. Vanguard operates under a unique, investor-owned structure in which US fund shareholders own the Vanguard funds, which in turn own Vanguard. This structure enables the firm to return value to shareholders through lower costs and reinvesting to improve capabilities, technology, and client experience.  

Vanguard writes that investors’ continued adoption of Vanguard fixed income ETFs contributed to expense ratio reductions across a range of corporate credit, US Treasury, and mortgage-backed securities ETFs. Low expenses, transparent exposures, relative tax efficiency, and liquidity have driven the widespread acceptance of fixed income ETFs in recent years. The for, says that this has resulted in continued growth in assets for the category both at Vanguard and across the industry. Vanguard’s US bond ETF lineup has attracted USD75.7 billion in cash flows through October 31. 

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