Core Insights - Vanguard plans to reduce expense ratios on 84 mutual fund and exchange-traded share classes across 53 funds, estimating approximately $250 million in fee reductions for investors by 2026 [1] - Over the past two years, Vanguard has implemented significant fee decreases, resulting in nearly $600 million in cumulative savings for investors, marking the largest cost reduction in the firm's history [1] Expense Ratios and Performance - Following the fee reductions, the average expense ratio for Vanguard's product range across all asset categories and investment styles is now at 0.06% [2] - A significant proportion of Vanguard's funds have outperformed their peer group averages over the past decade, with 84% of mutual funds and 88% of active fixed income funds meeting this performance criterion [2] Affected Products - The fee reductions will impact various products, including US equity 9-box funds such as the Growth ETF (VUG) and Value ETF (VTV), as well as large-, mid-, and small-cap growth, value, and blend funds [3] - Other affected products include the FTSE Emerging Markets ETF (VWO) and dividend-oriented ETFs like the Dividend Appreciation ETF (VIG) and High Dividend Yield ETF (VYM) [3] Company Commitment and Expansion Plans - Vanguard's CEO Salim Ramji emphasized that the fee reductions reflect the company's commitment to its investor-owners, aiming to deliver over half a billion dollars in savings across 2025 and 2026 [4] - The company is also planning to expand its Miami team from five to 15 over the next five years and is considering expanding offshore services in US locations such as California and Houston [5]

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Vanguard announced it has lowered expense ratios across 53 funds, totaling nearly $250 million in fee reductions for 2026. The cost reductions affect 84 mutual fund and ETF share classes, resulting in an average fee cut of 27% for the funds involved. Vanguard has long focused on reducing fees for its fund line-up, including cutting $350 million in expense ratio reductions in 2025 in a move that ...

Core Insights - AGF Investments Inc. is reducing management and administration fees for certain funds, reflecting its commitment to competitive pricing and responsiveness to market trends [1][2]. Management Fee Changes - Effective May 1, management fees are reduced for several funds, including: - AGF Equity Income Fund Series F from 0.85% to 0.80% - AGF European Equity Class Series MF, T from 2.50% to 1.90% - AGF European Equity Class Series F from 1.00% to 0.90% - AGF Global Strategic Income Fund Series MF, T, V from 2.25% to 2.00% [3]. Fixed Administration Fee Changes - Effective May 1, administration fees are reduced for the AGF European Equity Class: - Series MF from 0.38% to 0.17% - Series T from 0.38% to 0.17% - Series F from 0.32% to 0.02% [5]. Risk Rating Changes - Risk ratings for AGF European Equity Class and Fund are updated from Medium-High to Medium, following an annual review using prescribed risk classification methodology [7].