The management fee reductions are due to take effect on Aug. 1. Each of the funds to receive fee reductions are rated four stars.
 
The proposed fee reductions range across Vanguard’s equities, listed property, and fixed interest wholesale managed fund suite, but not all of Vanguard’s management fees will be reduced.
 
“While not all of Vanguard’s management fees have been reduced, the fee reductions announced are significant and represent a positive outcome for investors in those funds,” said Leanne Milton, head of research at S&P Fund Services.

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