Vanguard Lowers Fees on 2 ETFs

Vanguard, the third-largest U.S. ETF issuer, continues to bolster its reputation as one of the low-cost leaders in the ETF space, slightly paring fees on two of its well-known ETFs.

The Vanguard Total Stock Market ETF VTI now features an annual expense ratio of 0.05 percent down from 0.06 percent while the Vanguard Small-Cap Value ETF VBR is now charging 0.2 percent per year down from 0.21 percent, according to Vanguard.

VTI is now cheaper than 95 percent of comparable ETFs while VBR is less expensive than 86 percent of comparable funds, according to Vanguard's web site.

The firm slightly raised the expense ratio on the Vanguard Mid-Cap Value ETF VOE to 0.21 percent from 0.2 percent.

In February, Pennsylvania-based Vanguard lowered fees on nine of its most popular ETFs, including the Vanguard FTSE Emerging Markets ETF VWO, the Vanguard High Dividend Yield ETF VYM and the Vanguard Global ex-US Real Estate ETF VNQI.

Those fee reductions came after the firm announced in late December it would pare expenses on its 10 sectors funds, including the Vanguard Consumer Staples ETF VDC and the Vanguard Energy ETF VDE.

For more on ETFs, click here.