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Core Insights - Vanguard is known for its ultra-low cost and shareholder-friendly investment strategies, with many of its ETFs and mutual funds being among the cheapest in the market, such as the Vanguard S&P 500 ETF (VOO) and the Vanguard Total Stock Market ETF (VTI) at 0.03% annually [1] - In February 2025, Vanguard announced a significant fee-cutting initiative, reducing the expense ratio on 87 of its funds, which is expected to save investors approximately $350 million in fees annually [2] - The competitive landscape in the investment industry has led to a fee war, with issuers lowering costs to attract investors, making it challenging for competitors to match Vanguard's pricing [2] - Vanguard's commitment to low fees is rooted in the philosophy of its founder, Jack Bogle, who emphasized that lower costs allow investors to retain more of their returns [3][4] Fee Reductions - Vanguard is reducing the expense ratios on six European ETFs, which are primarily traded on European exchanges but may also be available on international exchanges [5] - The specific ETFs and their new expense ratios are as follows: - Vanguard FTSE All World UCITS ETF: reduced from 0.22% to 0.19% - Vanguard FTSE North America UCITS ETF: reduced from 0.10% to 0.08% - Vanguard FTSE Emerging Markets UCITS ETF: reduced from 0.22% to 0.17% - Vanguard FTSE Emerging Markets All Cap UCITS ETF: reduced from 0.24% to 0.19% - Vanguard FTSE Japan UCITS ETF: reduced from 0.15% to 0.10% - Vanguard Germany All Cap UCITS ETF: reduced from 0.10% to 0.07% [6][7]