“The reductions will save Vanguard’s investors more than $350 million in 2025 alone, the largest annual expense ratio reduction in Vanguard’s nearly 50-year history.”
Vanguard cut fees on 168 share classes and says investors save $350 million this year. Its active bond funds now average 0.10% against an industry 0.53%. The numbers are Vanguard’s own. Active bond funds elsewhere charge five times as much.