Core Insights - Vanguard announced lower fees on 84 share classes of 53 funds, including ETFs, providing clients with a financial benefit [1] Group 1: Fee Reductions - The Vanguard High Dividend Yield ETF now charges an annual fee of 0.04%, reduced from 0.06%, translating to a savings of $2 on a $10,000 investment [4] - Over the past two years, Vanguard has passed on $600 million in savings to clients through various fee reductions [6] Group 2: Fund Performance and Popularity - The Vanguard High Dividend Yield ETF has $72.2 billion in assets under management, making it the third-largest dividend ETF, and its low fees contribute to its popularity among investors [2][5] - The ETF's expense ratio reduction is significant as lower-cost ETFs tend to attract more assets, and Vanguard frequently lowers costs as funds grow [7] Group 3: Investment Considerations - While the expense ratio is important, it is not the only factor; the Vanguard High Dividend Yield ETF is noted for its straightforward investment objective and strong performance, enhancing its appeal despite the low fee [9]