Malvern-based Vanguard Group said on Monday that it is slashing fees on 53 investment funds, representing its second major reduction in fees in a year, writes Jeff Blumenthal for the Philadelphia Business Journal.
The fee reductions translate to an average savings of 27 percent for investors, totaling nearly $250 million. On Feb. 1, 2025, the firm reduced fees on 87 of its 212 U.S. funds, generating an estimated $350 million in savings for local investors and constituting the largest cut in the company’s history.
Vanguard’s nearly $600 million in fee reductions leaves the firm with a product lineup averaging an expense ratio of 0.06 percent, equivalent to 60 cents for every $1,000 invested.
More than 60 percent of the company’s funds have seen their expense ratios fall in 2025 or 2026.
The reductions span from 0.01 percent, like Vanguard’s Large Cap ETF, which will see fees cut 25 percent to 0.03 percent from 0.04 percent, up to 0.10 percent, exemplified by the International High Dividend Yield ETF, which drops to 0.07 percent from 0.17 percent, representing a 59 percent reduction.
Read more about Vanguard Group reducing fees on investment funds in the Philadelphia Business Journal.
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