Vanguard Reports Expense Reductions On International Stock And Bond ETFs

In annual reports being published today, nine stock and bond ETFs reported lower expense ratios, including the $24.3 billion Vanguard Total International Bond ETF, the $17.3 billion Vanguard Total International Stock ETF, and the $63.2 billion Vanguard Emerging Markets Stock ETF, the largest in its category1. Vanguard also reported lower expenses on two active funds: Vanguard Global Minimum Volatility Fund and Vanguard International Value Fund. In aggregate, these changes represent $27.7 million in savings returned to investors, bringing the total 2019 client savings to $69.3 million.2 See the accompanying table for a full list of expense ratio changes by fund. Last week, Vanguard announced expense ratio reductions on three international income-oriented funds and four externally managed active equity funds.