Vanguard lowered expense ratios on more of its funds: this time, nine international stock and bond index ETFs and two actively managed mutual funds.
The ETFs include six whose expense ratios were lowered from 0.09% to 0.08%: the Vanguard Total International Bond ETF, Total International Stock ETF, Total World Stock ETF, FTSE Europe ETF, FTSE Pacific ETF and FTSE All-World ex-US ETF.
Also impacted were the FTSE Emerging Markets ETF (net expense ratio lowered from 0.12% to 0.10%), FTSE All-World ex-US Small-Cap ETF (lowered from 0.12% to 0.11%) and Tax-Exempt Bond ETF (lowered from 0.08% to 0.06%).
Vanguard also lowered net expenses on two actively managed mutual funds: the Vanguard International Value Fund, from 0.38% to 0.37%, and Global Minimum Volatility Fund, from 0.23% to 0.21%, and from 0.15% to 0.14% for its Admiral shares.
Vanguard said the changes represented a total $27.7 million in savings for investors. A few days earlier it had lowered expense ratios on three international income-oriented funds and four externally managed equity funds.
LifeYield Integrates With Orion Advisor Tech
Portfolio management software firm LifeYield announced a new integration with Orion Advisor Tech, a division of Orion Advisor Solutions.
The integration will "increase efficiencies for RIAs allowing for coordination of accounts and households across both platforms," the companies said. Orion users can serve multiple-account households with LifeYield's analytics and tax optimization reports based on their household membership, holdings and asset location, they noted, adding those reports can manually be taken back to Orion's trading platform, Eclipse, for fast execution.
LifeYield's integration "draws on Orion's client data to generate financial analytics highlighting opportunities to reposition assets for greater household tax efficiency," the companies said.