Vanguard has lowered the cost of its six stock index funds for investors. Four domestic and two international stock index funds have added ultra-low-cost Admiral Shares, taking the total number of Vanguard funds with Admiral Shares to 74. Expense ratios for Admiral Shares of the two international funds are an estimated 0.12 percent to 0.18 percent, and for domestic stock index funds 0.10 percent to 0.21 percent. Conversion to Admiral Shares can provide shareholders with expense savings of more than 50 percent over the corresponding Investor Shares in some cases.

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