Vanguard announced lower fees on 84 share classes of 53 funds, including ETFs, giving clients a reason to smile. The Vanguard High Dividend Yield ETF, with $72.2 billion AUM, now charges investors just 0.04% annually. This fee cut is part of $600 million in savings passed on to clients over the past two years.

For investors, the lower fees may not seem like much, but Vanguard’s expense ratio reductions have attracted assets and provided cost savings. The Vanguard High Dividend ETF, now at 0.04% annually, is part of a cost-cutting trend by the issuer, attracting assets and providing cost-effective options for income investors.

The Vanguard High Dividend Yield ETF, with a 2.32% dividend yield, holds 563 stocks and provides a mix of reliable, resurgent, and new sources of dividend growth. This ETF is a potentially safer and inexpensive option for income investors seeking long-term buy-and-hold strategies.

The Motley Fool Stock Advisor team identified the 10 best stocks to buy now, excluding the Vanguard High Dividend ETF. These stocks have the potential for significant returns, with past recommendations like Netflix and Nvidia yielding impressive returns. Stock Advisor’s total average return of 885% outperforms the S&P 500.

Read more at Yahoo Finance: It Just Got Cheaper to Own This Beloved Vanguard Dividend ETF