Vanguard has trimmed the fees on 11 US-listed ETFs that provide a range of mainstream equity and fixed income exposures.

Investors in the ETFs will save approximately $18.9m per year in annual management fees at current AUM levels.

While the fee cuts are of a magnitude of only one to three basis points, the ETFs in question are substantial.

The funds benefiting from reduced fees range in size from $710 million to $50.1bn in assets under management. Collectively, they house $172.2bn.

Following the fee cuts, investors in the ETFs stand to save approximately $18.9m per year in annual management fees at current AUM levels.

Nine of the funds focus on fixed income markets, targeting US Treasuries, USD investment-grade corporate credit, and mortgage-backed securities. Each has had its expense ratio shaved by one basis point.

The remaining two funds have had their fees reduced by three basis points. They track equity indices from FTSE Russell that provide broad exposure to US and global ex-US stock markets while screening out UN Global Compact violators and firms considered to be operating in non-ESG-compliant industries.

The 11 funds (listed below alongside their AUM), which were already some of the cheapest in their categories, now come with expense ratios ranging from just 0.04% to 0.12%.

Vanguard Short-Term Treasury Bond ETF (VGSH US); AUM $16.9bn; new expense ratio 0.04%
Vanguard Intermediate-Term Treasury Bond ETF (VGIT US); $13.8bn; 0.04%
Vanguard Long-Term Treasury Bond ETF (VGLT US); $6.8bn; 0.04%
Vanguard Extended Duration Treasury ETF (EDV US); $2.6bn ; 0.06%
Vanguard Short-Term Corporate Bond ETF (VCSH US); $50.1bn; 0.04%
Vanguard Intermediate-Term Corporate Bond ETF (VCIT US); $49.4bn; 0.04%
Vanguard Long-Term Corporate Bond ETF (VCLT US); $6.2bn; 0.04%
Vanguard Total Corporate Bond Market ETF (VTC US); $710m; 0.04%
Vanguard Mortgage-Backed Securities ETF (VMBS US); $16.9bn; 0.04%

Vanguard ESG US Stock ETF (ESGV US); $5.9bn; 0.09%
Vanguard ESG International Stock ETF (VSGX US); $2.9bn; 0.12%