We started down this road nearly 45 years ago—so for us, it’s “business as usual.” We’re also proud to have laid the low-cost groundwork for other companies to follow—something industry experts called The Vanguard Effect®, but something we call just another day at Vanguard.

See which Vanguard funds have lower expenses

Unless noted otherwise, each fund’s most recent prospectus published the expense ratios listed below.**

U.S. bond funds


Ticker


Vanguard fund name

Previous expense ratio

New
expense ratio

VCOBX

Core Bond Fund Admiral Shares**

0.13%

0.10%

VCIT

Intermediate-Term Corporate Bond ETF

0.07%

0.05%

VGIT

Intermediate-Term Treasury ETF

0.07%

0.05%

VCLT

Long-Term Corporate Bond ETF

0.07%

0.05%

VGLT

Long-Term Treasury ETF

0.07%

0.05%

VMBS

Mortgage-Backed Securities ETF

0.07%

0.05%

VCSH

Short-Term Corporate Bond ETF

0.07%

0.05%

VTIP

Short-Term Inflation-Protected Securities ETF**

0.06%

0.05%

VGSH

Short-Term Treasury ETF

0.07%

0.05%

VTEB

Tax-Exempt Bond ETF**

0.08%

0.06%

VTC

Total Corporate Bond ETF

0.07%

0.05%

 

Balanced funds


Ticker


Vanguard fund name

Previous expense ratio

New
expense ratio

VGYAX

Global Wellesley® Income Fund Admiral Shares

0.33%

0.32%

VGWIX

Global Wellesley Income Fund Investor Shares

0.43%

0.42%

 

U.S. stock funds


Ticker


Vanguard fund name

Previous expense ratio

New
expense ratio

VEXPX

Explorer™ Fund Investor Shares**

0.46%

0.45%

VEVFX

Explorer Value Fund

0.56%

0.55%

VONE

Russell 1000 ETF

0.12%

0.08%

VONG

Russell 1000 Growth ETF

0.12%

0.08%

VONV

Russell 1000 Value ETF

0.12%

0.08%

VTWO

Russell 2000 ETF

0.15%

0.10%

VTWG

Russell 2000 Growth ETF

0.20%

0.15%

VTWV

Russell 2000 Value ETF

0.20%

0.15%

VTHR

Russell 3000 ETF

0.15%

0.10%

VOOG

S&P 500 Growth ETF

0.15%

0.10%

VOOV

S&P 500 Value ETF

0.15%

0.10%

IVOO

S&P Mid-Cap 400 ETF

0.15%

0.10%

IVOG

S&P Mid-Cap 400 Growth ETF

0.20%

0.15%

IVOV

S&P Mid-Cap 400 Value ETF

0.20%

0.15%

VIOO

S&P Small-Cap 600 ETF

0.15%

0.10%

VIOG

S&P Small-Cap 600 Growth ETF

0.20%

0.16%

VIOV

S&P Small-Cap 600 Value ETF

0.20%

0.15%

VASVX

Selected Value Fund**

0.36%

0.33%

VSTCX

Strategic Small-Cap Equity Fund**

0.29%

0.26%

VWUAX

U.S. Growth Fund Admiral Shares

0.30%

0.28%

VWUSX

U.S. Growth Fund Investor Shares

0.42%

0.39%

VWNEX

Windsor™Fund Admiral Shares**

0.21%

0.20%

VWNDX

Windsor Fund Investor Shares**

0.31%

0.30%

 

International bond funds


Ticker


Vanguard fund name

Previous expense ratio

New
expense ratio

VWOB

Emerging Markets Government Bond ETF**

0.30%

0.25%

VGAVX

Emerging Markets Government Bond Index Fund Admiral Shares**

0.30%

0.25%

BNDX

Total International Bond ETF**

0.09%

0.08%

BNDW

Total World Bond ETF

0.09%

0.06%

 

International stock funds


Ticker


Vanguard fund name

Previous expense ratio

New
expense ratio

VMMSX

Emerging Markets Select Stock Fund**

0.94%

0.93%

VEU

FTSE All-World ex-US ETF**

0.09%

0.08%

VSS

FTSE All-World ex-US Small-Cap ETF**

0.12%

0.11%

VWO

FTSE Emerging Markets ETF**

0.12%

0.10%

VGK

FTSE Europe ETF**

0.09%

0.08%

VPL

FTSE Pacific ETF**

0.09%

0.08%

VMNVX

Global Minimum Volatility Fund Admiral Shares**

0.15%

0.14%

VMVFX

Global Minimum Volatility Fund Investor Shares**

0.23%

0.21%

VIAAX

International Dividend Appreciation Index Fund Admiral Shares**

0.25%

0.20%

VIGI

International Dividend Appreciation ETF**

0.25%

0.20%

VWIGX

International Growth Fund Investor Shares

0.45%

0.43%

VIHAX

International High Dividend Yield Index Fund Admiral Shares**

0.32%

0.27%

VYMI

International High Dividend Yield ETF**

0.32%

0.27%

VTRIX

International Value Fund**

0.38%

0.37%

VXUS

Total International Stock ETF**

0.09%

0.08%

VT

Total World Stock ETF**

0.09%

0.08%



*Based on expense ratio reductions reported on more than 500 mutual fund and ETF shares, based on total assets. Cumulative figure for all share classes from the 2015–16 fiscal year through the 2018–19 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 (AUM). Average AUM is based on daily average assets during a month, which are then averaged over the 12 months of the fiscal year.
**Expense ratio published in each fund’s most recent annual report. New expense ratio shown won’t match expense ratio published in each fund’s online profile until each fund updates its prospectus.

Notes:

You must buy and sell Vanguard ETF Shares through Vanguard Brokerage Services (we offer them commission-free) or through another broker (which may charge commissions). See the Vanguard Brokerage Services commission and fee schedules for full details. Vanguard ETF Shares are not redeemable directly with the issuing fund other than in very large aggregations worth millions of dollars. ETFs are subject to market volatility. When buying or selling an ETF, you will pay or receive the current market price, which may be more or less than net asset value.

All investing is subject to risk, including the possible loss of the money you invest.

Investments in bonds are subject to interest rate, credit, and inflation risk.

Stocks of companies based in emerging markets are subject to national and regional political and economic risks and to the risk of currency fluctuations. These risks are especially high in emerging markets.

U.S. government backing of Treasury or agency securities applies only to the underlying securities and does not prevent share-price fluctuations. Unlike stocks and bonds, U.S. Treasury bills are guaranteed as to the timely payment of principal and interest.

Investments in stocks and bonds issued by non-U.S. companies are subject to risks, including country/regional risk and currency risk.