Saving & Investing


Why are Vanguard's costs so low?

June 20, 2013

Vanguard leaders discuss our low-cost structure in relation to actively managed funds

Vanguard is known for at-cost investing. But how do we extend that structure when it comes to actively managed stock funds? Steve Holman from Vanguard Flagship Services® and Daniel Wallick from the Vanguard Investment Strategy Group detail our ownership structure, long-term relationships with fund managers, and performance-based rewards.

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