Asset management giant Vanguard announced broad fee cuts for many mutual funds and ETFs on Monday, reinforcing its standing as one of the cheapest options for investors. The move reduces fees on 87 different funds,

The company’s sweeping expense ratio cuts for dozens of funds may pressure other asset managers to lower their costs too.

Vanguard has cut the expense ratios of 168 mutual fund and exchange-traded share classes across 87 funds, effectively immediately, which will save Vanguard’s investors more than $350 million in 2025 alone, said a Feb. 3 news release.