Vanguard, the third-largest U.S. ETF sponsor, lowered the annual expense ratio on its popular Vanguard Dividend Appreciation ETF
VIG to 0.1 percent from 0.13 percent effective Tuesday.
VIG is the largest dividend ETF by assets with $16.2 billion and has raked in $2.1 billion of that total this year,
ETF Trends reported.
Fee reductions are nothing new for Vanguard, the pioneer of low cost index funds. In February, the firm cut fees
on eight of its ETFs, including popular global funds such as the Vanguard FTSE Emerging Markets ETF
VWO and the Vanguard FTSE Europe ETF
VGK.
VIG is not the first dividend ETF Vanguard has lowered fees on this year. In February, fees on the Vanguard High Dividend Yield ETF
VYM were lowered to
to 0.1 percent from 0.13 percent
.
Prior to the fee reduction, VIG was cheaper than 88 percent of comparable ETFs,
according to Vanguard.
VIG's top-10 holdings including PepsiCo
PEP, Wal-Mart
WMT and Chevron
CVX. Eight of VIG's top-10 holdings are Dow components with PepsiCo and Abbott Labs
ABT the exceptions.
For more on ETFs, click
here.
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ABTAbbott Laboratories
$134.801.09%
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