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Vanguard just announced that they cut expense ratios of many funds:
“Vanguard has lowered expense ratios for 84 mutual fund and exchange-traded share classes across 53 funds, amounting to nearly $250 million in fee reductions in 2026. ”
Some popular ones:
VBIL 0-3 Month Treasury Bill ETF from 0.07% to 0.06%
VIG Dividend ETF from 0.05% to 0.04%
VUG Growth ETF from 0.04% to 0.03%
VV Large Cap from 0.04% to 0.03%
VB Small Cap from 0.05% to 0.03%
Great news, thanks for highlighting this, Bogdan. 30+ years with Vanguard and they have never given me a reason to leave. Their continued efforts to apply downward pressure on the investment industry gives me another reason to stay.
Exactly my thoughts Dunn. I have had only one significant issue with Vanguard’s customer service in thirty plus years.
I had a huge issue with TRowe this past year when I called for a withdrawl from an inherited IRA (because it was an inherited account they would not allow me to perform withdrawls from their website 🤷♂️) to pay bills. First they issued the check with my name and my parents estate name which my bank would not accept. This occurred after years of checks being issued with just my name on the check. I called customer service who said we had to reopen the estate (which had been closed for years). Then after arguing with them over the absurdity of their position they agreed to reissue the check refusing to overnight it at their cost (they said they couldn’t, I argued they could, but they wouldn’t). I waited a week for the check to arrive, and when it didn’t I called and spoke with a supervisor that told me the CSR had not issued the check that Friday then went on vacation. They then proceeded to overnight the check which previously they said they couldn’t do with just my name on it. Three weeks for a process which typically took a week. Since I knew this account would be emptied this year on 1/2 I called and emptied the account.
My point in writing about this is to show that all mutual fund companies have their issues.
“Withdrawal” unless you meant how a Southerner speaks 😄
As a Vanguard ETF customer, this is
good news. They have great
products in this space and I will continue to use them.
Now that Jack is gone my impression of Vanguard is that they have abandoned his principles and are moving towards being as similar as possible to their competitors.
That money would have been better spent on improving customer service. If Vanguard would invest a little in their customer service, they might still have customers like me.