Vanguard to Offer Its Lowest Fee Ever, 0.01%, to Big Investors

  • New share class requires investment of at least $3 billion
  • Vanguard S&P 500 Index Fund is among three that are eligible

Vanguard Group Inc., the world’s largest mutual fund company, filed to create a new share class for some funds that would charge institutional investors as little as one cent for every $100 invested.

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