The Vanguard Group of Malvern, Pa., is adding Admiral Shares to eight additional funds, bringing its total number of funds offering the share class to 28, the company announced today.

The funds that will offer Admiral Shares include: Windsor II, Growth & Income, Morgan Growth Fund, Wellington Fund, Wellesley Income, N.J. Insured Long-Term Tax-Exempt, N.Y. Insured Long-Term Tax-Exempt and the P.A. Insured Long-Term Tax-Exempt.
Depending on the fund, investors can reduce their overall expense by five to eight basis points by converting their shares to Admiral Shares. Conversely, all of the funds have increased the expense ratios for their Investor Share classes by one to four basis points, depending on the fund, according to Vanguard.
Admiral Shares, which were issued last November, provide investors lowered expense ratios if their accounts are of a certain size and age. Admiral shares are available for accounts with balances of $250,000 or more, accounts of $150,000 or more that are at least three years old and registered for online access, and accounts of $50,000 or more that are at least ten years old, according to the company.
Vanguard plans to add Admiral Shares on 26 additional funds sometime this year, according to the company.
Year to date, Admiral Shares have attracted nearly $30 billion in assets, according to Vanguard.

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