Vanguard opens five index funds to lower-cost Admiral share class

February 7, 2019

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Tim Buckley

Tim Buckley
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As previously announced, Vanguard is expanding access for five of its index funds. Beginning today, lower-cost Admiral Shares for the following funds are available for investment.

  • Vanguard FTSE Social Index Fund (VFTAX)
  • Vanguard FTSE All-World ex-US Small-Cap Index Fund (VFSAX)
  • Vanguard High Dividend Yield Index Fund (VHYAX)
  • Vanguard Long-Term Bond Index Fund (VBLAX)
  • Vanguard Total World Stock Index Fund (VTWAX)

"Broadening access to Admiral Shares is just one example of our core commitment to adding value for all of our investors," said Vanguard CEO Tim Buckley. "We plan to continue to lower the cost of investing through our funds, so that everyone has the best chance for investing success."

Over the last three years alone, more than 500 Vanguard mutual fund and ETFs have reported expense ratio decreases for an estimated $625 million in cumulative savings (based on total assets).¹ Vanguard has introduced new funds priced among the lowest costs in their categories and reduced expense ratios across its fund lineup.

¹ Cumulative figure for all share classes from the 2015-16 fiscal year through the 2017–18 fiscal year for the U.S.-domiciled funds. Estimated savings is the difference between prior and current expense ratios multiplied by average assets under management. Average AUM is based on daily average assets during a month, which are then averaged over the 12 months of the fiscal year.

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