We’re lowering our fees on another 6 ETFs

We’re delighted to announce that we’re lowering the fees on six more of our exchange-traded funds¹ (ETFs), reinforcing our commitment to bring more value to investors.

With this latest update, the number of fee cuts across our UK Personal Investor ETF range reaches 13 in 2025, following fee reductions on seven of our bond ETFs² in July.

Our latest changes will lower the cost on a broad line-up of equity ETFs, each of which invests in a mix of companies to suit different investor needs.

For example, the Vanguard FTSE All-World UCITS ETF, which is one of our most popular funds on the UK Personal Investor platform, invests in approximately 3,600 company stocks around the world, providing instant, diversified access to global stock markets. Other ETFs in the line-up target specific countries and regions, including Japan, Germany, North America and emerging markets.

The fee reductions come into effect on 7 October.

Why are we lowering our fees?

Quite simply, these changes reflect our core mission to give investors the best chance of investment success. Lower fees mean you keep more of your returns, allowing your money to work harder for you over time.

What’s an equity ETF?

Equities, or shares, are a way to own a stake in a company. When companies need capital to grow, develop new products or expand their operations, one way they can raise money is to issue shares to the public. By buying shares, you can potentially benefit from the company’s success.

However, buying individual shares can be challenging because of the vast number available. This is where equity ETFs come in. An equity ETF pools your money with other investors’ money and invests it in a diverse range of company shares. It does this by tracking the performance of a specific index, such as the FTSE All-World. By investing in an equity ETF, you gain exposure to a wide array of equities, helping to spread your risk and potentially smooth out returns relative to owning individual shares.

The power of shares in your portfolio

Investing in shares can be a powerful way of growing your wealth over the long term. Historically, shares have provided higher returns than cash over long periods and have outpaced inflation³ by a larger margin.

Share prices can go down as well as up, but you can reduce risk by spreading your investments across different types of companies, industries and regions of the world. This helps to reduce the impact of any single company's performance on your overall portfolio.

Our new fees

How to find out if you already invest in any of these ETFs

You can find out if you already invest in any of the six equity ETFs by checking your account details on our app. Or log in to your account on our website and select ‘Investments’ from the menu.

You can read more about these equity ETFs and view our full range of ETFs.

If you’re considering investing for the first time, find out how to get started in three easy steps.

¹ An ETF invests in potentially hundreds, sometimes thousands, of individual securities including shares and bonds. It can be traded on an exchange throughout the day like a stock and typically tracks a specific index, like the FTSE 100.

² Bonds are a type of loan issued by governments or companies, which typically pay a fixed amount of interest and return the capital at the end of the term.

³ Inflation is the rate of increase in prices for goods and services.

Investment risk information

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

Some funds invest in emerging markets which can be more volatile than more established markets. As a result the value of your investment may rise or fall. Investments in smaller companies may be more volatile than investments in well-established blue chip companies.

ETF shares can be bought or sold only through a broker. Investing in ETFs entails stockbroker commission and a bid- offer spread which should be considered fully before investing.

The Funds may use derivatives in order to reduce risk or cost and/or generate extra income or growth. The use of derivatives could increase or reduce exposure to underlying assets and result in greater fluctuations of the Fund's net asset value. A derivative is a financial contract whose value is based on the value of a financial asset (such as a share, bond, or currency) or a market index.

Some funds invest in securities which are denominated in different currencies. Movements in currency exchange rates can affect the return of investments.

For further information on risks please see the “Risk Factors” section of the prospectus on our website.

Important information

Vanguard only gives information on products and services and does not give investment advice based on individual circumstances. If you have any questions related to your investment decision or the suitability or appropriateness for you of the product(s) described, please contact your financial adviser.

For further information on the fund's investment policies and risks, please refer to the prospectus of the UCITS and to the KIID before making any final investment decisions. The KIID for this fund is available, alongside the prospectus via Vanguard’s website.

This is designed for use by, and is directed only at persons resident in the UK.

The information contained herein is not to be regarded as an offer to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so. The information is general in nature and does not constitute legal, tax, or investment advice. Potential investors are urged to consult their professional advisers on the implications of making an investment in, holding or disposing of shares and /or units of, and the receipt of distribution from any investment.

Vanguard Funds plc has been authorised by the Central Bank of Ireland as a UCITS and has been registered for public distribution in certain EEA countries and the UK. Prospective investors are referred to the Funds' prospectus for further information. Prospective investors are also urged to consult their own professional advisers on the implications of making an investment in, and holding or disposing shares of the Funds and the receipt of distributions with respect to such shares under the law of the countries in which they are liable to taxation.

The Manager of Vanguard Funds plc is Vanguard Group (Ireland) Limited. Vanguard Asset Management, Limited is a distributor for Vanguard Funds plc.

The Manager of the Ireland domiciled funds may determine to terminate any arrangements made for marketing the shares in one or more jurisdictions in accordance with the UCITS Directive, as may be amended from time-to-time.

The Indicative Net Asset Value (“iNAV”) for Vanguard’s ETFs is published on Bloomberg or Reuters. Refer to the Portfolio Holdings Policy.

For investors in Ireland domiciled funds, a summary of investor rights can be obtained and is available in English, German, French, Spanish, Dutch and Italian.

London Stock Exchange Group companies include FTSE International Limited ("FTSE"), Frank Russell Company ("Russell"), MTS Next Limited ("MTS"), and FTSE TMX Global Debt Capital Markets Inc. ("FTSE TMX"). All rights reserved. "FTSE®", "Russell®", "MTS®", "FTSE TMX®" and "FTSE Russell" and other service marks and trademarks related to the FTSE or Russell indexes are trademarks of the London Stock Exchange Group companies and are used by FTSE, MTS, FTSE TMX and Russell under licence. All information is provided for information purposes only. No responsibility or liability can be accepted by the London Stock Exchange Group companies nor its licensors for any errors or for any loss from use of this publication. Neither the London Stock Exchange Group companies nor any of its licensors make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE or Russell indexes or the fitness or suitability of the indexes for any particular purpose to which they might be put.

Issued by Vanguard Asset Management Limited, which is authorised and regulated in the UK by the Financial Conduct Authority.

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