Valley Forge-based Vanguard, an investment management company, recently announced that it has made significant and wide-ranging cost reductions.
“Vanguard is investor-owned. We have no outside stockholders or private owners profiting from our clients,” Salim Ramji, Vanguard CEO, said. “These fee reductions — set to deliver more than half a billion dollars in savings across 2025 and 2026 — are a clear expression of our purpose and commitment to our clients as owners. When investors keep more of what they earn, the benefits compound over the long term, helping our clients achieve their most important financial goals.”
The company lowered expense ratios for 84 mutual funds and exchange-traded share classes for 53 funds, effective immediately. The reductions are a nearly $250 million decrease. The company also lowered fees on the FTSE Emerging Markets ETF, and Vanguard’s dividend-focused U.S. equity ETFs, Dividend Appreciation ETF and High Dividend Yield ETF, and made cost reductions to large-, mid-, and small-cap growth, value and blend funds and the firm’s suite of U.S. equity 9-box funds.
A full list of expense ratio reductions can be found on the company’s website.
Vanguard has reduced fees on most of its fund lineups over the past two years, resulting in nearly $600 million in savings for investors.