Vanguard has always been known for their low mutual fund fees, one of the reasons why so many experts celebrate their services. However, in order to get the lowest prices possible, you had to invest over $100,000 into a single mutual fund in order to get Admiral Shares. Today, they announced that the minimum required to purchase Admiral Shares would drop from $100,000 to $10,000 for index funds and to $50,000 for active funds.
Here are a few stats:
- 17 index funds and 35 active funds were affected.
- Nearly 2 million clients will save on expense ratio decrease by qualifying for Admiral shares.
- Range of admiral shares expense ratios – 0.07% for Total Stock & S&P 500 to Capital Opportunity (0.41%).