Vanguard reduces the commissions of its fixed income ETF range
23 JUN, 2025
Vanguard announced today the reduction of commissions on seven of its fixed income exchange-traded funds (ETFs) available to European investors, effective from July 1, 2025. This measure reinforces Vanguard's commitment to making fixed income investing more accessible, especially in a context where bonds are playing an increasingly relevant role in investors' portfolios.
The following ETFs will see their commissions reduced from July 1:
- Vanguard Global Aggregate Bond UCITS ETF
- Vanguard USD Treasury Bond UCITS ETF
- Vanguard U.K. Gilt UCITS ETF
- Vanguard USD Emerging Markets Government Bond UCITS ETF
- Vanguard EUR Corporate Bond UCITS ETF
- Vanguard ESG EUR Corporate Bond UCITS ETF
- Vanguard USD Corporate Bond UCITS ETF
Following these changes, the average commission weighted by assets of Vanguard's European range of indexed and active fixed income funds will be 0.11%. Currently, Vanguard offers 35 indexed fixed income products in Europe and, on average, its range of fixed income ETFs is the most economical in the European market. In the entirety of its product offering in Europe, the average commission weighted by assets will now be 0.14%.
The bond market is currently twice as large as the equity market, but it remains opaque and costly. Investors deserve better. At Vanguard, we believe that in investing, you get what you don't pay for. Costs matter. By reducing commissions, we are making fixed income more accessible and transparent. We estimate that these changes will result in an annual saving of approximately 3.5 million dollars for investors. We have already expanded, and will continue to expand, our fixed income offering throughout this year.
Jon Cleborne, Vanguard's director for Europe
