MutualFundWire.com: Vanguard Promotes More Admirals
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Wednesday, October 31, 2001

Vanguard Promotes More Admirals


Vanguard has loosed the Admiral share class for 18 more funds. The Admiral shares reward long-term and large investors with lower expense ratios. With the additions 52 Vanguard funds will offer the special shares.

Vanguard counts year-old program as a success as it already has more than $45 billion in assets. The program was rolled out a year ago to reward investors who help the funds achieve scale and those who refrain from causing expenses through frequent trades.

The funds will be added to the program in mid-November and include six actively managed stock funds, four stock index funds, and eight fixed income funds (four municipal bond, three bond index, and one taxable bond).

Vanguard expects the expense ratios for the newly introduced Admiral Shares to range from 12 basis points to 58 basis points, which are five to eight basis points lower than the estimated expense ratios of the corresponding Investor Shares.

The newly added funds include:


  • PRIMECAP Fund
  • Windsor Fund
  • Mid-Cap Index Fund
  • Explorer Fund
  • Capital Opportunity Fund

  • Tax-Managed Capital Appreciation Fund
  • Tax-Managed Growth & Income Fund
  • Short-Term Bond Index Fund
  • Intermediate-Term Bond Index Fund
  • Total Bond Market Index Fund

  • REIT Index Fund
  • Health Care Fund
  • Energy Fund
  • High-Yield Tax-Exempt Fund
  • California Insured Intermediate-Term Tax-Exempt Fund

  • California Insured Long-Term Tax-Exempt Fund
  • High Yield Corporate Fund
  • Florida Insured Long-Term Tax-Exempt Fund


    Printed from: MFWire.com/story.asp?s=27210

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