Vanguard this week published annual reports that show nine exchange-traded funds and three mutual funds have reduced their fees.
None of the reductions are as steep as some of the lowered expense ratios on other Vanguard funds that were announced last week, some of which were trimmed by 20%.
Fees on both the Total International Stock ETF and Total International Bond ETF were reduced from 0.09% to 0.08%. Ditto for the Total World Stock ETF, FTSE Europe ETF, FTSE Pacific ETF and FTSE All-World ex-US ETF.
Elsewhere, the expense ratio on the FTSE Emerging Markets ETF was cut from 0.12% to 0.10%, while the FTSE All-World ex-US Small-Cap ETF went from 0.12% to 0.11%.
The Tax-Exempt Bond ETF was trimmed from 0.08% to 0.06%.
Among the mutual funds, the Global Minimum Volatility Fund Investor Shares reported a lowered expense ratio from 0.23% to 0.21%; the Global Minimum Volatility Fund Admiral Shares went from 0.15% to 0.14% and the International Value Fund Investor Shares was trimmed from 0.38% to 0.37%.
Updated 2019 figures won’t be reflected in the funds’ online profiles until each fund files its next prospectus.