Vanguard: Cutting Expenses, Boosting Returns

With today's 3%-to-7% rates on money market and government bond mutual funds, the bite of expenses hurts. Mindful of how extra costs depress yields, The Vanguard Group is offering four no-load funds that cut expenses to the bone. The only catch with these Admiral funds: You have to invest at least $50,000. Still, says Don Phillips, publisher of Morningstar Mutual Funds, "they are a very good deal."

To continue reading this article you must be a Bloomberg Professional Service Subscriber.