Vanguard on Friday announced it has trimmed the expense ratios for 82 mutual fund and ETF shares. That includes the world’s two largest stock funds and largest bond fund.
The Vanguard Total Stock Market Index Fund, with $550 billion in assets, reported lower expense ratios for four share classes:
• Institutional (VITSX): a half basis point to 0.035%.
• Admiral (VTSAX): one basis point to 0.04%.
• ETF (VTI): one basis point to 0.04%.
• Investor (VTSMX): one basis point to 0.15%.
The $310 billion Vanguard 500 Index Fund saw reductions across the following share classes:
• Admiral Shares (VFIAX): one basis point to 0.04%.
• ETF (VOO): one basis point to 0.04%.
• Investor (VFINX): two basis points to 0.14%.
The $178 billion Vanguard Total Bond Market Index Fund saw reductions across the following share classes:
• Institutional Plus (VBMPX): one basis point decline to 0.03%.
• Institutional (VBTIX): one basis point to 0.04%.
• Admiral (VBTLX): one basis point to 0.05%.
• ETF (BND): one basis point to 0.05%.
• Investor (VBMFX): one basis point to 0.15%.
In addition to the three ETFs listed above, 14 additional Vanguard ETFs experienced expense ratio decreases: FTSE Developed Markets (VEA), Value (VTV), Growth (VUG), Short-Term Bond (BSV), Mid-Cap (VO), Small-Cap (VB), Intermediate-Term Bond (BIV), Large-Cap (VV), Small-Cap Value (VBR), Mid-Cap Value (VOE), Small-Cap Growth (VBK), Extended Market (VXF), Long-Term Bond (BLV), and Mid-Cap Growth (VOT).
Vanguard ETFs have $681 billion in assets across 70 products.
The roundup of expense ratio reductions can be found here.