The Vanguard difference
No wonder Vanguard’s average mutual fund expense ratio in 2018 was 0.10, less than one-fifth that of the 0.58 industry average. That means Vanguard fund investors keep more of any returns their funds earn. All averages are asset-weighted. Industry averages exclude Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2018. ................
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