Vanguard is lowering the fees on six funds by adding low-cost Admiral Shares to them. Vanguard’s Admiral Shares program requires a minimum account balance of $10,000.
The new share classes will be applied to six U.S. stock index funds, bringing their expense ratios between 10 and 21 basis points, and to two international stock index funds, whose expense ratios will range from 12 to 18 BPS.
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