For the fifth time since December, Vanguard cut the expense ratios of mutual funds and ETFs. The latest round affects 82 funds and ETFs, many with multiple share classes, including the world’s largest stock fund, the Vanguard Total Stock Market Index Fund, and the world’s largest bond fund, The Vanguard Total Bond Market Index Fund.
The cuts ranged from a half a basis point (0.005%) for the Institutional share class of the Total Stock Market Index Fund (VITSX) to four basis points (0.04%) for Value Index Fund Investor and Managed Payout Fund. Most expense ratios were cut one to two basis points.
(Related on ThinkAdvisor: Vanguard Does It Again: Trims Fees on 15 Fund Shares)
To date, Vanguard’s five rounds of fee cuts have resulted in an estimated $324 million in savings on 221 index and actively managed and ETF shares.
In addition to the expense cuts, Vanguard raised the expense ratio on the investor and institutional share class of the actively managed Vanguard Market Neutral Fund by 14 and 16 basis points, respectively.
A full list of the fee changes can be found on the Vanguard website.
The five founds of expense rate cuts since December have saved investors $324 million across 221 index and actively managed fund and ETF shares, according to Vanguard. In comparison fees were raised for eight funds during in four rounds since December.