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Vanguard Makes Tiny ETF Fee Cuts Because There’s Not Much Left To Cut
FYI: Not to be left out of the fee conversation—the first zero-fee exchange-traded funds were filed on Monday—Vanguard Group’s ETFs reported lower expense ratios, annual prospectuses filed Tuesday show. However, fees were cut by one to two basis points at most, suggesting there isn’t much more juice left in the continuing fee wars.
"This marks the first time that the ETF share class will charge less than the Admiral share class." (That is, no cuts in the ERs of other share classes, including Admiral class.)
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https://www.morningstar.com/articles/915885/vanguard-cuts-etf-fees.html