Vanguard said Monday that 18 of 28 funds had slightly lower expense ratios, according to the latest reports shared with investors this month. Of the other 10 funds, the fees of eight remained unchanged, while two had small increases.
(The popular fund family released the figures for Admiral and Investor shares, as well as for Institutional and Institutional Plus shares.)
For instance, 11 target-date retirement funds (2010-2055) had a 0.01% decrease in expenses. The fee ratio on the Target Retirement 2030 Fund dropped from 0.18% to 0.17%.
Two funds experienced an increase of 0.01%: Growth and Income Fund, both Admiral and Investor shares, and the Growth Equity Fund’s Investor shares.
Each percentage point in an expense ratio represents an annual charge of $100 against every $10,000 invested, according to the fund giant. Thus, a fund with a 0.17% expense ratio charges its shareholders $17 for every $10,000 invested, and a reduction from 0.18% to 0.17% means a savings of $1 for every $10,000 invested.