Vanguard today reports that expense ratios have dropped for several of its mutual funds and the Dividend Appreciation ETF.

“Vanguard has benefited from strong financial markets and the continued commitment to our funds and ETFs by our loyal clients, which has allowed us to continue to lower expense ratios,” according to a firm statement.

“If the markets remain strong and clients continue to invest at Vanguard, our funds' shareholders could continue to see reductions in expense ratios.”