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 ETF range reaches 12 in 2025, following fee reductions on six 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 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
| Product name | Share class | Previous OCF4 | New OCF from 7 October 2025 |
| Vanguard FTSE All-World UCITS ETF | Unhedged | 0.22% | 0.19% |
| Vanguard FTSE North America UCITS ETF | Unhedged | 0.10% | 0.08% |
| Vanguard FTSE Emerging Markets UCITS ETF | Unhedged | 0.22% | 0.17% |
| Vanguard ESG Emerging Markets All Cap UCITS ETF | Unhedged | 0.24% | 0.19% |
| Vanguard FTSE Japan UCITS ETF | Unhedged | 0.15% | 0.10% |
| Vanguard Germany All Cap UCITS ETF | Unhedged | 0.10% | 0.07% |
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.
4 The ongoing charges figure (OCF) covers management fees and service costs such as administration, audit, depositary, legal, registration and regulatory expenses incurred in respect of the funds.
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.
Performance figures shown may be calculated in a currency that differs from the currency of the share class that you are invested in. As a result, returns may decrease or increase due to currency fluctuations.
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
This is a marketing communication.
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 KID before making any final investment decisions. The KID for this fund is available in local languages, alongside the prospectus, which is available in English only, via Vanguard’s website.
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.
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The Manager of Vanguard Funds plc is Vanguard Group (Ireland) Limited. Vanguard Investments Switzerland GmbH is a financial services provider, providing services in the form of purchase and sales according to Art. 3 (c)(1) FinSA . Vanguard Investments Switzerland GmbH will not perform any appropriateness or suitability assessment. Furthermore, Vanguard Investments Switzerland GmbH does not provide any services in the form of advice. Vanguard Funds Series plc has been authorised by the Central Bank of Ireland as a UCITS. Prospective investors are referred to the Funds' prospectus for further information. Prospective investors are also urged to consult their own professional advisors 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.
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