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Vanguard

27 March 2024

Vanguard reduces the management fee for its Vanguard Australian Government Bond Index ETF

MELBOURNE 27 March 2024: Vanguard Australia is reducing the management fee for the Vanguard Australian Government Bond Index ETF (ASX:VGB) by four basis points to 0.16% per annum*, effective today. This latest fee reduction follows two fee decreases introduced this time last year for the Vanguard Australian Fixed Income Index ETF (ASX:VAF) and the Vanguard Australian Shares Index ETF (ASX:VAS).

Vanguard Australia’s Head of Product Offer, Curt Jacques says keeping costs low is an important way Vanguard helps investors achieve their goals.

“Vanguard is focused on delivering value to investors through lower fees, high quality experience and best-in-class investment management. We’ve been pleased to be able to achieve more than 40 fee reductions for our Australian investors in the past decade across our range of products and services.

“This fee change may be good news for investors seeking to move out of cash holdings to capture low cost, durable, resilient yields, with the potential for additional price appreciation as rates eventually decline.

“Following the Reserve Bank of Australia keeping rates on hold last week and removing their tightening bias, our outlook for bonds remains positive and we expect interest rates to ultimately settle at levels above those in recent memory”, he said.

VGB is the largest, most liquid and most diversified Australian government bond ETF listed on the ASX, providing exposure to high-quality, income-generating bonds issued by the Commonwealth Government of Australia, Australian State Government authorities, and treasury corporations.**

*Other fees and costs may apply. Please refer to the PDS and TMD
** Source: Bloomberg & ASX Investment Products monthly report – last 12 months to February 2024: https://www.asx.com.au/issuers/investment-products/asx-funds-statistics

See website for more information

Vanguard Australia

27 March 2024

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