Vanguard Group Inc. has cut the expense ratios of 17 of its funds, a move that will produce an estimated $18.9 million in savings for investors, the fund giant said.
The estimates were based on year-over-year comparisons for the company's fiscal years ended Aug. 31, 2020, and Aug. 31, 2021, respectively.
Vanguard lowered expense ratios by one basis point on nine fixed-income exchange-traded funds. It also lowered expense ratios by one basis point on its International Growth Fund Admiral Shares and International Growth Fund Investor Shares.
It lowered expenses by two basis points on its Global Wellington Fund Investor Shares, and by three basis points on its ESG U.S. Stock ETF, ESG International Stock ETF and its Global Wellesley income Fund Admiral Shares. It lowered expenses by five basis points on its Global Wellington Fund Admiral Shares and by 12 basis points on its Explorer Fund Value Shares.
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