(Bloomberg) -- Vanguard Group Inc., the world’s largestmutual fund company, filed to create anew share class for some funds that would charge institutionalinvestors as little as one cent for every $100 invested.
The 0.01 percent annual fee, if approved by the U.S. Securitiesand Exchange Commission, will apply to three funds--the VanguardTotal Stock Market Index Fund, Vanguard Total Bond Market IndexFund and Vanguard S&P 500 Index Fund--according to companyspokesman David Hoffman.
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