Toward the end of 2015, Vanguard's fund boards voted to lower expenses for over 100 funds.

Then, in January, the biggest U.S. mutual fund provider picked up the trend again, announcing that expense ratios for 35 individual mutual fund shares, including 12 Vanguard target-date funds, had been cut.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.