Vanguard Cuts Fees on 53 Funds Including VIG and VYM

Core Viewpoint - Vanguard has announced a fee reduction on 53 of its mutual funds and ETFs, reinforcing its commitment to shareholder-friendly policies by minimizing management fees [1]. Group 1: Fee Reductions - The expense ratios for several major Vanguard ETFs have been reduced, including the Vanguard Dividend Appreciation ETF (VIG), Vanguard High Dividend Yield ETF (VYM), Vanguard Growth ETF, Vanguard Value ETF, and Vanguard Large Cap ETF [2]. - A detailed list of expense ratio changes shows reductions across various funds, with some notable decreases such as VIG from 0.05% to 0.04% and VYM from 0.06% to 0.04% [4]. - The Vanguard International High Dividend Yield ETF saw its expense ratio cut by more than half to 0.07%, while the Vanguard 0-3 Month Treasury Bill ETF, launched only a year ago, is also experiencing a fee reduction [5]. Group 2: Impact of Changes - Many of the changes are minimal, often a single basis point, indicating that the already low-cost funds are becoming even cheaper [5]. - While these fee reductions are not expected to lead to major performance changes, they represent a positive step for shareholders, aligning with Vanguard's long-standing focus on cost efficiency [5].